SEANERGY MARITIME HOLDINGS (SHIP)
MHY737604006 - Common Stock
SHIP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. Both the profitability and financial health of SHIP have multiple concerns. SHIP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SHIP had positive earnings in the past year.
In the past year SHIP had a positive cash flow from operations.
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
The Return On Assets of SHIP (0.46%) is worse than 68.97% of its industry peers.
SHIP has a Return On Equity of 0.96%. This is in the lower half of the industry: SHIP underperforms 72.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.46% | ||
| ROE | 0.96% | ||
| ROIC | N/A |
ROA(3y)4.08%
ROA(5y)0.37%
ROE(3y)8.5%
ROE(5y)-6.57%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of SHIP (1.99%) is worse than 72.41% of its industry peers.
SHIP's Operating Margin of 12.19% is in line compared to the rest of the industry. SHIP outperforms 41.38% of its industry peers.
In the last couple of years the Operating Margin of SHIP has remained more or less at the same level.
With a decent Gross Margin value of 59.08%, SHIP is doing good in the industry, outperforming 68.97% of the companies in the same industry.
SHIP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.19% | ||
| PM (TTM) | 1.99% | ||
| GM | 59.08% |
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
SHIP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SHIP has been increased compared to 1 year ago.
The number of shares outstanding for SHIP has been increased compared to 5 years ago.
SHIP has a worse debt/assets ratio than last year.
2.2 Solvency
SHIP has a debt to FCF ratio of 7.54. This is a slightly negative value and a sign of low solvency as SHIP would need 7.54 years to pay back of all of its debts.
SHIP's Debt to FCF ratio of 7.54 is fine compared to the rest of the industry. SHIP outperforms 65.52% of its industry peers.
SHIP has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.02, SHIP is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 7.54 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC6.99%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SHIP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -94.31%.
Looking at the last year, SHIP shows a very negative growth in Revenue. The Revenue has decreased by -11.83% in the last year.
The Revenue has been growing slightly by 3.80% on average over the past years.
EPS 1Y (TTM)-94.31%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q1733.33%
Revenue 1Y (TTM)-11.83%
Revenue growth 3Y20.31%
Revenue growth 5Y3.8%
Revenue growth Q2Q38.2%
3.2 Future
SHIP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 379.82% yearly.
Based on estimates for the next years, SHIP will show a very strong growth in Revenue. The Revenue will grow by 24.74% on average per year.
EPS Next Y1507.71%
EPS Next 2Y379.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year42.25%
Revenue Next 2Y24.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 136.71 indicates a quite expensive valuation of SHIP.
SHIP's Price/Earnings ratio is a bit more expensive when compared to the industry. SHIP is more expensive than 72.41% of the companies in the same industry.
SHIP is valuated expensively when we compare the Price/Earnings ratio to 24.92, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.50, which indicates a very decent valuation of SHIP.
SHIP's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.49. SHIP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 136.71 | ||
| Fwd PE | 8.5 |
4.2 Price Multiples
65.52% 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 | 6.37 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHIP's earnings are expected to grow with 379.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y379.82%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.05%, SHIP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.99, SHIP has a dividend in line with its industry peers.
With a Dividend Yield of 1.05, SHIP pays less dividend than the S&P500 average, which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
SHIP has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
275.51% of the earnings are spent on dividend by SHIP. This is not a sustainable payout ratio.
DP275.51%
EPS Next 2Y379.82%
EPS Next 3YN/A
SEANERGY MARITIME HOLDINGS
NASDAQ:SHIP (4/26/2024, 6:18:03 PM)
After market: 9.6 +0.03 (+0.31%)9.57
+0.12 (+1.27%)
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 Cap196.28M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 136.71 | ||
| Fwd PE | 8.5 | ||
| 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)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.46% | ||
| ROE | 0.96% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.19% | ||
| PM (TTM) | 1.99% | ||
| GM | 59.08% | ||
| 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 Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| 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)
Growth
EPS 1Y (TTM)-94.31%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y1507.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.83%
Revenue growth 3Y20.31%
Revenue growth 5Y
Revenue growth 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