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UNITED MARITIME CORP (USEA) Stock Fundamental Analysis

NASDAQ:USEA - Nasdaq - MHY923351016 - Common Stock - Currency: USD

1.58  -0.15 (-8.67%)

After market: 1.5701 -0.01 (-0.63%)

Fundamental Rating

1

Overall USEA gets a fundamental rating of 1 out of 10. We evaluated USEA against 32 industry peers in the Marine Transportation industry. USEA may be in some trouble as it scores bad on both profitability and health. USEA has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year USEA has reported negative net income.
In the past year USEA had a positive cash flow from operations.
Of the past 5 years USEA 4 years were profitable.
The reported operating cash flow has been mixed in the past 5 years: USEA reported negative operating cash flow in multiple years.
USEA Yearly Net Income VS EBIT VS OCF VS FCFUSEA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 20M -20M -40M -60M -80M

1.2 Ratios

With a Return On Assets value of -3.85%, USEA is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
USEA's Return On Equity of -11.74% is on the low side compared to the rest of the industry. USEA is outperformed by 81.25% of its industry peers.
Industry RankSector Rank
ROA -3.85%
ROE -11.74%
ROIC N/A
ROA(3y)8.67%
ROA(5y)10.01%
ROE(3y)16.29%
ROE(5y)18.96%
ROIC(3y)N/A
ROIC(5y)N/A
USEA Yearly ROA, ROE, ROICUSEA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

1.3 Margins

USEA has a Operating Margin of 2.54%. This is in the lower half of the industry: USEA underperforms 78.13% of its industry peers.
In the last couple of years the Operating Margin of USEA has grown nicely.
USEA has a Gross Margin (49.68%) which is comparable to the rest of the industry.
USEA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 2.54%
PM (TTM) N/A
GM 49.68%
OM growth 3Y-38.26%
OM growth 5Y1.61%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.61%
GM growth 5Y10.19%
USEA Yearly Profit, Operating, Gross MarginsUSEA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 50 100 150

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2. Health

2.1 Basic Checks

USEA does not have a ROIC to compare to the WACC, probably because it is not profitable.
USEA has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, USEA has a worse debt to assets ratio.
USEA Yearly Shares OutstandingUSEA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2M 4M 6M 8M
USEA Yearly Total Debt VS Total AssetsUSEA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

USEA has a debt to FCF ratio of 50.63. This is a negative value and a sign of low solvency as USEA would need 50.63 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 50.63, USEA is in line with its industry, outperforming 56.25% of the companies in the same industry.
USEA has a Debt/Equity ratio of 1.70. This is a high value indicating a heavy dependency on external financing.
USEA has a worse Debt to Equity ratio (1.70) than 87.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF 50.63
Altman-Z N/A
ROIC/WACCN/A
WACC5.4%
USEA Yearly LT Debt VS Equity VS FCFUSEA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 50M -50M

2.3 Liquidity

USEA has a Current Ratio of 0.73. This is a bad value and indicates that USEA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.73, USEA is doing worse than 87.50% of the companies in the same industry.
USEA has a Quick Ratio of 0.73. This is a bad value and indicates that USEA is not financially healthy enough and could expect problems in meeting its short term obligations.
USEA has a Quick ratio of 0.71. This is amonst the worse of the industry: USEA underperforms 84.38% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.71
USEA Yearly Current Assets VS Current LiabilitesUSEA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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2

3. Growth

3.1 Past

The earnings per share for USEA have decreased strongly by -346.97% in the last year.
USEA shows a decrease in Revenue. In the last year, the revenue decreased by -2.85%.
USEA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 45.87% yearly.
EPS 1Y (TTM)-346.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-234.82%
Revenue 1Y (TTM)-2.85%
Revenue growth 3Y83.12%
Revenue growth 5Y45.87%
Sales Q2Q%-26.4%

3.2 Future

Based on estimates for the next years, USEA will show a very negative growth in Earnings Per Share. The EPS will decrease by -28.65% on average per year.
The Revenue is expected to decrease by -3.23% on average over the next years.
EPS Next Y-162.07%
EPS Next 2Y-28.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.1%
Revenue Next 2Y-3.23%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
USEA Yearly Revenue VS EstimatesUSEA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M 40M
USEA Yearly EPS VS EstimatesUSEA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 -0.5 -1 -1.5

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1

4. Valuation

4.1 Price/Earnings Ratio

USEA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year USEA is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
USEA Price Earnings VS Forward Price EarningsUSEA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

USEA's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. USEA is more expensive than 68.75% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of USEA indicates a somewhat cheap valuation: USEA is cheaper than 65.63% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.79
EV/EBITDA 9.91
USEA Per share dataUSEA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

A cheap valuation may be justified as USEA's earnings are expected to decrease with -28.65% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.65%
EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 12.69%, USEA is a good candidate for dividend investing.
USEA's Dividend Yield is rather good when compared to the industry average which is at 8.11. USEA pays more dividend than 93.75% of the companies in the same industry.
USEA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 12.69%

5.2 History

USEA 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 Years0
Div Non Decr Years0
USEA Yearly Dividends per shareUSEA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

USEA has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-40.49%
EPS Next 2Y-28.65%
EPS Next 3YN/A
USEA Yearly Income VS Free CF VS DividendUSEA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 20M -20M -40M -60M -80M

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UNITED MARITIME CORP

NASDAQ:USEA (6/16/2025, 5:22:25 PM)

After market: 1.5701 -0.01 (-0.63%)

1.58

-0.15 (-8.67%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)05-22 2025-05-22/bmo
Earnings (Next)N/A N/A
Inst Owners1.14%
Inst Owner Change-48.98%
Ins Owners19.18%
Ins Owner ChangeN/A
Market Cap14.54M
Analysts82.86
Price Target3.57 (125.95%)
Short Float %6.42%
Short Ratio15.36
Dividend
Industry RankSector Rank
Dividend Yield 12.69%
Yearly Dividend0.3
Dividend Growth(5Y)N/A
DP-40.49%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-30 2025-06-30 (0.01)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)42.99%
Min EPS beat(2)7.51%
Max EPS beat(2)78.48%
EPS beat(4)2
Avg EPS beat(4)-30.67%
Min EPS beat(4)-149.02%
Max EPS beat(4)78.48%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.52%
Min Revenue beat(2)-4.41%
Max Revenue beat(2)11.46%
Revenue beat(4)2
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-10.71%
Max Revenue beat(4)11.46%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-36.36%
EPS NQ rev (1m)73.58%
EPS NQ rev (3m)50%
EPS NY rev (1m)0%
EPS NY rev (3m)-176.36%
Revenue NQ rev (1m)21.59%
Revenue NQ rev (3m)-3.6%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-22.43%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.34
P/FCF 7.79
P/OCF 6.87
P/B 0.26
P/tB 0.26
EV/EBITDA 9.91
EPS(TTM)-0.62
EYN/A
EPS(NY)-0.98
Fwd EYN/A
FCF(TTM)0.2
FCFY12.84%
OCF(TTM)0.23
OCFY14.55%
SpS4.63
BVpS6.05
TBVpS6.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.85%
ROE -11.74%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 2.54%
PM (TTM) N/A
GM 49.68%
FCFM 4.38%
ROA(3y)8.67%
ROA(5y)10.01%
ROE(3y)16.29%
ROE(5y)18.96%
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)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-38.26%
OM growth 5Y1.61%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.61%
GM growth 5Y10.19%
F-Score4
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF 50.63
Debt/EBITDA 8.75
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 19.59%
Profit Quality N/A
Current Ratio 0.73
Quick Ratio 0.71
Altman-Z N/A
F-Score4
WACC5.4%
ROIC/WACCN/A
Cap/Depr(3y)1941.73%
Cap/Depr(5y)1166.88%
Cap/Sales(3y)212.58%
Cap/Sales(5y)127.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-346.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-234.82%
EPS Next Y-162.07%
EPS Next 2Y-28.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.85%
Revenue growth 3Y83.12%
Revenue growth 5Y45.87%
Sales Q2Q%-26.4%
Revenue Next Year-16.1%
Revenue Next 2Y-3.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y628.78%
EBIT growth 3Y13.06%
EBIT growth 5Y48.22%
EBIT Next Year172.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y103.43%
FCF growth 3Y-5.74%
FCF growth 5Y37.65%
OCF growth 1Y152.41%
OCF growth 3Y-3.75%
OCF growth 5Y39.4%