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SEANERGY MARITIME HOLDINGS (SHIP) Stock Fundamental Analysis

NASDAQ:SHIP - Nasdaq - MHY737604006 - Common Stock - Currency: USD

7.29  -0.09 (-1.22%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SHIP. SHIP was compared to 36 industry peers in the Marine Transportation industry. While SHIP is still in line with the averages on profitability rating, there are concerns on its financial health. SHIP has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

SHIP had positive earnings in the past year.
SHIP had a positive operating cash flow in the past year.
Of the past 5 years SHIP 4 years were profitable.
SHIP had a positive operating cash flow in 4 of the past 5 years.
SHIP Yearly Net Income VS EBIT VS OCF VS FCFSHIP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M

1.2 Ratios

The Return On Assets of SHIP (5.81%) is better than 77.78% of its industry peers.
Looking at the Return On Equity, with a value of 13.77%, SHIP belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.
Industry RankSector Rank
ROA 5.81%
ROE 13.77%
ROIC N/A
ROA(3y)3.81%
ROA(5y)2.74%
ROE(3y)8.2%
ROE(5y)4.45%
ROIC(3y)N/A
ROIC(5y)N/A
SHIP Yearly ROA, ROE, ROICSHIP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60 -80

1.3 Margins

With a decent Profit Margin value of 18.30%, SHIP is doing good in the industry, outperforming 69.44% of the companies in the same industry.
SHIP's Profit Margin has declined in the last couple of years.
SHIP has a Operating Margin of 31.86%. This is in the better half of the industry: SHIP outperforms 77.78% of its industry peers.
In the last couple of years the Operating Margin of SHIP has grown nicely.
Looking at the Gross Margin, with a value of 66.85%, SHIP belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.
In the last couple of years the Gross Margin of SHIP has grown nicely.
Industry RankSector Rank
OM 31.86%
PM (TTM) 18.3%
GM 66.85%
OM growth 3Y-4.17%
OM growth 5Y21.99%
PM growth 3Y-2.44%
PM growth 5YN/A
GM growth 3Y2.22%
GM growth 5Y14.39%
SHIP Yearly Profit, Operating, Gross MarginsSHIP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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0

2. Health

2.1 Basic Checks

SHIP does not have a ROIC to compare to the WACC, probably because it is not profitable.
SHIP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SHIP has more shares outstanding
Compared to 1 year ago, SHIP has an improved debt to assets ratio.
SHIP Yearly Shares OutstandingSHIP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
SHIP Yearly Total Debt VS Total AssetsSHIP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

SHIP has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
SHIP has a worse Debt to Equity ratio (1.25) than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC9.43%
SHIP Yearly LT Debt VS Equity VS FCFSHIP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

2.3 Liquidity

A Current Ratio of 0.73 indicates that SHIP may have some problems paying its short term obligations.
SHIP has a worse Current ratio (0.73) than 88.89% of its industry peers.
A Quick Ratio of 0.70 indicates that SHIP may have some problems paying its short term obligations.
The Quick ratio of SHIP (0.70) is worse than 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.7
SHIP Yearly Current Assets VS Current LiabilitesSHIP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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6

3. Growth

3.1 Past

The earnings per share for SHIP have decreased strongly by -50.34% in the last year.
Measured over the past years, SHIP shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.37% on average per year.
The Revenue has grown by 51.91% in the past year. This is a very strong growth!
The Revenue has been growing by 14.12% on average over the past years. This is quite good.
EPS 1Y (TTM)-50.34%
EPS 3Y-5.37%
EPS 5YN/A
EPS Q2Q%-79.41%
Revenue 1Y (TTM)51.91%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%-13.11%

3.2 Future

The Earnings Per Share is expected to grow by 35.00% on average over the next years. This is a very strong growth
Based on estimates for the next years, SHIP will show a quite strong growth in Revenue. The Revenue will grow by 10.92% on average per year.
EPS Next Y-81.95%
EPS Next 2Y-18.18%
EPS Next 3Y35%
EPS Next 5YN/A
Revenue Next Year-12.3%
Revenue Next 2Y2.96%
Revenue Next 3Y10.92%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SHIP Yearly Revenue VS EstimatesSHIP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
SHIP Yearly EPS VS EstimatesSHIP Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -200 -400 -600 -800 -1K

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.13 indicates a reasonable valuation of SHIP.
Compared to the rest of the industry, the Price/Earnings ratio of SHIP indicates a somewhat cheap valuation: SHIP is cheaper than 66.67% of the companies listed in the same industry.
SHIP is valuated cheaply when we compare the Price/Earnings ratio to 26.87, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.16 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 72.22% of the companies in the same industry.
SHIP is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.34, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.13
Fwd PE 5.16
SHIP Price Earnings VS Forward Price EarningsSHIP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHIP indicates a somewhat cheap valuation: SHIP is cheaper than 63.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.11
SHIP Per share dataSHIP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

The decent profitability rating of SHIP may justify a higher PE ratio.
A more expensive valuation may be justified as SHIP's earnings are expected to grow with 35.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.18%
EPS Next 3Y35%

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3

5. Dividend

5.1 Amount

SHIP has a Yearly Dividend Yield of 2.71%.
SHIP's Dividend Yield is comparable with the industry average which is at 6.97.
Compared to an average S&P500 Dividend Yield of 2.36, SHIP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.71%

5.2 History

SHIP has been paying a dividend for over 5 years, so it has already some track record.
SHIP has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
SHIP Yearly Dividends per shareSHIP Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

SHIP pays out 44.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.34%
EPS Next 2Y-18.18%
EPS Next 3Y35%
SHIP Yearly Income VS Free CF VS DividendSHIP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M
SHIP Dividend Payout.SHIP Dividend Payout, showing the Payout Ratio.SHIP Dividend Payout.PayoutRetained Earnings

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SEANERGY MARITIME HOLDINGS

NASDAQ:SHIP (8/15/2025, 8:00:02 PM)

7.29

-0.09 (-1.22%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-05 2025-08-05/bmo
Earnings (Next)11-03 2025-11-03
Inst Owners12.08%
Inst Owner ChangeN/A
Ins Owners10.48%
Ins Owner ChangeN/A
Market Cap152.36M
Analysts84
Price Target11.28 (54.73%)
Short Float %3.48%
Short Ratio4.43
Dividend
Industry RankSector Rank
Dividend Yield 2.71%
Yearly Dividend0.54
Dividend Growth(5Y)N/A
DP44.34%
Div Incr Years1
Div Non Decr Years1
Ex-Date09-29 2025-09-29 (0.05)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.51%
Min EPS beat(2)31.1%
Max EPS beat(2)45.92%
EPS beat(4)3
Avg EPS beat(4)17.7%
Min EPS beat(4)-19.83%
Max EPS beat(4)45.92%
EPS beat(8)7
Avg EPS beat(8)53.5%
EPS beat(12)11
Avg EPS beat(12)93.22%
EPS beat(16)14
Avg EPS beat(16)85.47%
Revenue beat(2)2
Avg Revenue beat(2)2.58%
Min Revenue beat(2)2.57%
Max Revenue beat(2)2.58%
Revenue beat(4)3
Avg Revenue beat(4)0.75%
Min Revenue beat(4)-5.14%
Max Revenue beat(4)2.99%
Revenue beat(8)6
Avg Revenue beat(8)2.83%
Revenue beat(12)9
Avg Revenue beat(12)3.91%
Revenue beat(16)11
Avg Revenue beat(16)3.21%
PT rev (1m)0%
PT rev (3m)-7.81%
EPS NQ rev (1m)18.92%
EPS NQ rev (3m)-28.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-50.06%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)1.75%
Revenue NY rev (1m)1.13%
Revenue NY rev (3m)-0.41%
Valuation
Industry RankSector Rank
PE 10.13
Fwd PE 5.16
P/S 0.79
P/FCF N/A
P/OCF 2.29
P/B 0.6
P/tB 0.6
EV/EBITDA 5.11
EPS(TTM)0.72
EY9.88%
EPS(NY)1.41
Fwd EY19.38%
FCF(TTM)-1.61
FCFYN/A
OCF(TTM)3.18
OCFY43.61%
SpS9.17
BVpS12.19
TBVpS12.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.81%
ROE 13.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 31.86%
PM (TTM) 18.3%
GM 66.85%
FCFM N/A
ROA(3y)3.81%
ROA(5y)2.74%
ROE(3y)8.2%
ROE(5y)4.45%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.81%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-4.17%
OM growth 5Y21.99%
PM growth 3Y-2.44%
PM growth 5YN/A
GM growth 3Y2.22%
GM growth 5Y14.39%
F-Score7
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF N/A
Debt/EBITDA 3.68
Cap/Depr 393.05%
Cap/Sales 52.28%
Interest Coverage 2.92
Cash Conversion 76.77%
Profit Quality N/A
Current Ratio 0.73
Quick Ratio 0.7
Altman-Z N/A
F-Score7
WACC9.43%
ROIC/WACCN/A
Cap/Depr(3y)198.15%
Cap/Depr(5y)380.86%
Cap/Sales(3y)33.73%
Cap/Sales(5y)52.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.34%
EPS 3Y-5.37%
EPS 5YN/A
EPS Q2Q%-79.41%
EPS Next Y-81.95%
EPS Next 2Y-18.18%
EPS Next 3Y35%
EPS Next 5YN/A
Revenue 1Y (TTM)51.91%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%-13.11%
Revenue Next Year-12.3%
Revenue Next 2Y2.96%
Revenue Next 3Y10.92%
Revenue Next 5YN/A
EBIT growth 1Y74.55%
EBIT growth 3Y-1.27%
EBIT growth 5Y39.22%
EBIT Next Year16.66%
EBIT Next 3Y36.72%
EBIT Next 5YN/A
FCF growth 1Y13.38%
FCF growth 3YN/A
FCF growth 5Y4.05%
OCF growth 1Y125.41%
OCF growth 3Y-2.32%
OCF growth 5Y41.84%