SEANERGY MARITIME HOLDINGS (SHIP) Stock Fundamental Analysis
NASDAQ:SHIP - Nasdaq - MHY737604006 - Common Stock - Currency: USD
Overall SHIP gets a fundamental rating of 5 out of 10. We evaluated SHIP against 32 industry peers in the Marine Transportation industry. SHIP scores excellent on profitability, but there are concerns on its financial health. SHIP is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year SHIP was profitable.
In the past year SHIP had a positive cash flow from operations.
SHIP had positive earnings in 4 of the past 5 years.
Of the past 5 years SHIP 4 years had a positive operating cash flow.
1.2 Ratios
SHIP's Return On Assets of 9.46% is fine compared to the rest of the industry. SHIP outperforms 75.00% of its industry peers.
The Return On Equity of SHIP (19.70%) is better than 87.50% of its industry peers.
With an excellent Return On Invested Capital value of 12.65%, SHIP belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SHIP is in line with the industry average of 8.13%.
The last Return On Invested Capital (12.65%) for SHIP is above the 3 year average (6.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.46% | ||
| ROE | 19.7% | ||
| ROIC | 12.65% |
ROA(3y)3.81%
ROA(5y)2.74%
ROE(3y)8.2%
ROE(5y)4.45%
ROIC(3y)6.17%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 25.10%, SHIP is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Profit Margin of SHIP has declined.
Looking at the Operating Margin, with a value of 37.69%, SHIP is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of SHIP has grown nicely.
SHIP's Gross Margin of 69.81% is amongst the best of the industry. SHIP outperforms 81.25% of its industry peers.
In the last couple of years the Gross Margin of SHIP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.69% | ||
| PM (TTM) | 25.1% | ||
| GM | 69.81% |
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%
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.
SHIP has more shares outstanding than it did 1 year ago.
SHIP has more shares outstanding than it did 5 years ago.
SHIP has a better debt/assets ratio than last year.
2.2 Solvency
SHIP has an Altman-Z score of 0.23. This is a bad value and indicates that SHIP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.23, SHIP is doing worse than 62.50% of the companies in the same industry.
SHIP has a debt to FCF ratio of 277.87. This is a negative value and a sign of low solvency as SHIP would need 277.87 years to pay back of all of its debts.
SHIP's Debt to FCF ratio of 277.87 is in line compared to the rest of the industry. SHIP outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that SHIP is somewhat dependend on debt financing.
SHIP has a Debt to Equity ratio of 0.84. This is in the lower half of the industry: SHIP underperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 277.87 | ||
| Altman-Z | 0.23 |
ROIC/WACC1.36
WACC9.31%
2.3 Liquidity
SHIP has a Current Ratio of 0.73. This is a bad value and indicates that SHIP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SHIP (0.73) is worse than 84.38% of its industry peers.
A Quick Ratio of 0.70 indicates that SHIP may have some problems paying its short term obligations.
SHIP has a Quick ratio of 0.70. This is amonst the worse of the industry: SHIP underperforms 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 2914.29% over the past year.
SHIP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.37% yearly.
The Revenue has grown by 86.64% in the past year. This is a very strong growth!
SHIP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.12% yearly.
EPS 1Y (TTM)2914.29%
EPS 3Y-5.37%
EPS 5YN/A
EPS Q2Q%-41.82%
Revenue 1Y (TTM)86.64%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%5.7%
3.2 Future
SHIP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.44% yearly.
Based on estimates for the next years, SHIP will show a quite strong growth in Revenue. The Revenue will grow by 12.22% on average per year.
EPS Next Y-63.86%
EPS Next 2Y-17.29%
EPS Next 3Y35.44%
EPS Next 5YN/A
Revenue Next Year-11.94%
Revenue Next 2Y3.35%
Revenue Next 3Y12.22%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 2.91, the valuation of SHIP can be described as very cheap.
SHIP's Price/Earnings ratio is a bit cheaper when compared to the industry. SHIP is cheaper than 78.13% of the companies in the same industry.
SHIP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.60.
The Price/Forward Earnings ratio is 8.04, which indicates a very decent valuation of SHIP.
65.63% of the companies in the same industry are more expensive than SHIP, based on the Price/Forward Earnings ratio.
SHIP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.91 | ||
| Fwd PE | 8.04 |
4.2 Price Multiples
71.88% of the companies in the same industry are more expensive than SHIP, based on the Enterprise Value to EBITDA ratio.
SHIP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 138.21 | ||
| EV/EBITDA | 3.41 |
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 35.44% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-17.29%
EPS Next 3Y35.44%
5. Dividend
5.1 Amount
SHIP has a Yearly Dividend Yield of 6.68%, which is a nice return.
SHIP's Dividend Yield is a higher than the industry average which is at 9.27.
SHIP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
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
5.3 Sustainability
SHIP pays out 20.82% of its income as dividend. This is a sustainable payout ratio.
DP20.82%
EPS Next 2Y-17.29%
EPS Next 3Y35.44%
NASDAQ:SHIP (5/21/2025, 1:11:45 PM)
6.13
-0.05 (-0.81%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners21.85%
Inst Owner ChangeN/A
Ins Owners9.42%
Ins Owner ChangeN/A
Market Cap128.12M
Analysts84
Price Target12.24 (99.67%)
Short Float %3.9%
Short Ratio3.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
Yearly Dividend0.54
Dividend Growth(5Y)N/A
DP20.82%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.04%
Min EPS beat(2)-19.83%
Max EPS beat(2)45.92%
EPS beat(4)3
Avg EPS beat(4)32.68%
Min EPS beat(4)-19.83%
Max EPS beat(4)90.98%
EPS beat(8)7
Avg EPS beat(8)52.72%
EPS beat(12)11
Avg EPS beat(12)108.44%
EPS beat(16)14
Avg EPS beat(16)85.69%
Revenue beat(2)1
Avg Revenue beat(2)-1.28%
Min Revenue beat(2)-5.14%
Max Revenue beat(2)2.58%
Revenue beat(4)3
Avg Revenue beat(4)2.12%
Min Revenue beat(4)-5.14%
Max Revenue beat(4)8.05%
Revenue beat(8)6
Avg Revenue beat(8)3.14%
Revenue beat(12)9
Avg Revenue beat(12)3.89%
Revenue beat(16)10
Avg Revenue beat(16)2.87%
PT rev (1m)0%
PT rev (3m)-17.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-38.06%
EPS NY rev (1m)0%
EPS NY rev (3m)8.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.91 | ||
| Fwd PE | 8.04 | ||
| P/S | 0.62 | ||
| P/FCF | 138.21 | ||
| P/OCF | 1.7 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 3.41 |
EPS(TTM)2.11
EY34.42%
EPS(NY)0.76
Fwd EY12.44%
FCF(TTM)0.04
FCFY0.72%
OCF(TTM)3.6
OCFY58.76%
SpS9.84
BVpS12.54
TBVpS12.5
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.46% | ||
| ROE | 19.7% | ||
| ROCE | 16.02% | ||
| ROIC | 12.65% | ||
| ROICexc | 13.64% | ||
| ROICexgc | 13.67% | ||
| OM | 37.69% | ||
| PM (TTM) | 25.1% | ||
| GM | 69.81% | ||
| FCFM | 0.45% |
ROA(3y)3.81%
ROA(5y)2.74%
ROE(3y)8.2%
ROE(5y)4.45%
ROIC(3y)6.17%
ROIC(5y)N/A
ROICexc(3y)6.62%
ROICexc(5y)N/A
ROICexgc(3y)6.63%
ROICexgc(5y)N/A
ROCE(3y)7.81%
ROCE(5y)N/A
ROICexcg growth 3Y-8.55%
ROICexcg growth 5Y-18.09%
ROICexc growth 3Y-8.62%
ROICexc growth 5Y-18.13%
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 Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 277.87 | ||
| Debt/EBITDA | 2.14 | ||
| Cap/Depr | 291.65% | ||
| Cap/Sales | 36.14% | ||
| Interest Coverage | 3.87 | ||
| Cash Conversion | 73.05% | ||
| Profit Quality | 1.8% | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 0.23 |
F-Score7
WACC9.31%
ROIC/WACC1.36
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)2914.29%
EPS 3Y-5.37%
EPS 5YN/A
EPS Q2Q%-41.82%
EPS Next Y-63.86%
EPS Next 2Y-17.29%
EPS Next 3Y35.44%
EPS Next 5YN/A
Revenue 1Y (TTM)86.64%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%5.7%
Revenue Next Year-11.94%
Revenue Next 2Y3.35%
Revenue Next 3Y12.22%
Revenue Next 5YN/A
EBIT growth 1Y477.18%
EBIT growth 3Y-1.27%
EBIT growth 5Y39.22%
EBIT Next Year13.32%
EBIT Next 3Y37.3%
EBIT Next 5YN/A
FCF growth 1Y-96.99%
FCF growth 3YN/A
FCF growth 5Y4.05%
OCF growth 1Y140.33%
OCF growth 3Y-2.32%
OCF growth 5Y41.84%