SEANERGY MARITIME HOLDINGS (SHIP)
MHY737604006 - Common Stock
Taking everything into account, SHIP scores 5 out of 10 in our fundamental rating. SHIP was compared to 28 industry peers in the Marine Transportation industry. SHIP has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on SHIP.
1. Profitability
1.1 Basic Checks
In the past year SHIP was profitable.
SHIP had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SHIP reported negative net income in multiple years.
Of the past 5 years SHIP 4 years had a positive operating cash flow.
1.2 Ratios
SHIP's Return On Assets of 5.50% is in line compared to the rest of the industry. SHIP outperforms 46.15% of its industry peers.
The Return On Equity of SHIP (11.35%) is better than 61.54% of its industry peers.
SHIP has a better Return On Invested Capital (8.78%) than 73.08% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SHIP is in line with the industry average of 7.54%.
The last Return On Invested Capital (8.78%) for SHIP is above the 3 year average (7.06%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 11.35% | ||
| ROIC | 8.78% |
ROA(3y)4.08%
ROA(5y)0.37%
ROE(3y)8.49%
ROE(5y)-6.57%
ROIC(3y)7.06%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 19.89%, SHIP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
SHIP has a better Operating Margin (33.67%) than 61.54% of its industry peers.
In the last couple of years the Operating Margin of SHIP has remained more or less at the same level.
Looking at the Gross Margin, with a value of 67.84%, SHIP belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
SHIP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.67% | ||
| PM (TTM) | 19.89% | ||
| GM | 67.84% |
OM growth 3YN/A
OM growth 5Y-0.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y18.63%
GM growth 5Y12.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SHIP is still creating some value.
Compared to 1 year ago, SHIP has more shares outstanding
The number of shares outstanding for SHIP has been increased compared to 5 years ago.
The debt/assets ratio for SHIP is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.06, we must say that SHIP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.06, SHIP is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
The Debt to FCF ratio of SHIP is 9.59, which is on the high side as it means it would take SHIP, 9.59 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.59, SHIP is in line with its industry, outperforming 46.15% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that SHIP is somewhat dependend on debt financing.
SHIP has a Debt to Equity ratio of 0.72. This is in the lower half of the industry: SHIP underperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 9.59 | ||
| Altman-Z | 0.06 |
ROIC/WACC1.26
WACC6.98%
2.3 Liquidity
SHIP has a Current Ratio of 0.55. This is a bad value and indicates that SHIP is not financially healthy enough and could expect problems in meeting its short term obligations.
SHIP has a Current ratio of 0.55. This is amonst the worse of the industry: SHIP underperforms 92.31% of its industry peers.
A Quick Ratio of 0.52 indicates that SHIP may have some problems paying its short term obligations.
The Quick ratio of SHIP (0.52) is worse than 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
SHIP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 530.43%, which is quite impressive.
Looking at the last year, SHIP shows a very strong growth in Revenue. The Revenue has grown by 33.47%.
Measured over the past years, SHIP shows a small growth in Revenue. The Revenue has been growing by 3.80% on average per year.
EPS 1Y (TTM)530.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2166.67%
Revenue 1Y (TTM)33.47%
Revenue growth 3Y20.31%
Revenue growth 5Y3.8%
Sales Q2Q%52.26%
3.2 Future
SHIP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 304.14% yearly.
SHIP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.28% yearly.
EPS Next Y4198.57%
EPS Next 2Y505.37%
EPS Next 3Y304.14%
EPS Next 5YN/A
Revenue Next Year65.58%
Revenue Next 2Y30.05%
Revenue Next 3Y19.28%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.03, which indicates a rather cheap valuation of SHIP.
SHIP's Price/Earnings is on the same level as the industry average.
SHIP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.61.
The Price/Forward Earnings ratio is 3.98, which indicates a rather cheap valuation of SHIP.
SHIP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHIP is cheaper than 73.08% of the companies in the same industry.
SHIP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.03 | ||
| Fwd PE | 3.98 |
4.2 Price Multiples
SHIP's Enterprise Value to EBITDA ratio is in line with the industry average.
61.54% of the companies in the same industry are more expensive than SHIP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.14 | ||
| EV/EBITDA | 5.84 |
4.3 Compensation for Growth
SHIP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHIP has a very decent profitability rating, which may justify a higher PE ratio.
SHIP's earnings are expected to grow with 304.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y505.37%
EPS Next 3Y304.14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.34%, SHIP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.89, SHIP pays a better dividend. On top of this SHIP pays more dividend than 88.46% of the companies listed in the same industry.
SHIP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.34% |
5.2 History
SHIP has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SHIP pays out 12.02% of its income as dividend. This is a sustainable payout ratio.
DP12.02%
EPS Next 2Y505.37%
EPS Next 3Y304.14%
SEANERGY MARITIME HOLDINGS
NASDAQ:SHIP (10/15/2024, 8:00:02 PM)
10.2
-0.21 (-2.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap210.22M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.34% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.03 | ||
| Fwd PE | 3.98 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 11.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.67% | ||
| PM (TTM) | 19.89% | ||
| GM | 67.84% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)530.43%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y4198.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)33.47%
Revenue growth 3Y20.31%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y