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UNITED MARITIME CORP (USEA) Stock Fundamental Analysis

USA - NASDAQ:USEA - MHY923351016 - Common Stock

1.63 USD
-0.05 (-2.97%)
Last: 10/21/2025, 8:00:02 PM
1.61 USD
-0.02 (-1.23%)
After Hours: 10/21/2025, 8:00:02 PM
Fundamental Rating

1

Overall USEA gets a fundamental rating of 1 out of 10. We evaluated USEA against 35 industry peers in the Marine Transportation industry. Both the profitability and financial health of USEA have multiple concerns. 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 has reported a negative 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

USEA's Return On Assets of -3.87% is on the low side compared to the rest of the industry. USEA is outperformed by 80.00% of its industry peers.
Looking at the Return On Equity, with a value of -11.00%, USEA is doing worse than 77.14% of the companies in the same industry.
USEA's Return On Invested Capital of 0.38% is on the low side compared to the rest of the industry. USEA is outperformed by 74.29% of its industry peers.
Industry RankSector Rank
ROA -3.87%
ROE -11%
ROIC 0.38%
ROA(3y)8.67%
ROA(5y)10.01%
ROE(3y)16.29%
ROE(5y)18.96%
ROIC(3y)N/A
ROIC(5y)N/A
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 1.25%. This is in the lower half of the industry: USEA underperforms 77.14% of its industry peers.
USEA's Operating Margin has improved in the last couple of years.
The Gross Margin of USEA (47.84%) is comparable to the rest of the industry.
USEA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 1.25%
PM (TTM) N/A
GM 47.84%
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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0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so USEA is destroying value.
The number of shares outstanding for USEA has been increased compared to 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 an Altman-Z score of 0.32. This is a bad value and indicates that USEA is not financially healthy and even has some risk of bankruptcy.
USEA has a worse Altman-Z score (0.32) than 68.57% of its industry peers.
USEA has a Debt/Equity ratio of 0.89. This is a neutral value indicating USEA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.89, USEA is doing worse than 68.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Altman-Z 0.32
ROIC/WACC0.07
WACC5.43%
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 0.49. 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 0.49, USEA is doing worse than 88.57% of the companies in the same industry.
USEA has a Quick Ratio of 0.49. 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 0.46. This is amonst the worse of the industry: USEA underperforms 88.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.46
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

USEA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -196.50%.
USEA shows a decrease in Revenue. In the last year, the revenue decreased by -7.89%.
Measured over the past years, USEA shows a very strong growth in Revenue. The Revenue has been growing by 45.87% on average per year.
EPS 1Y (TTM)-196.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.43%
Revenue 1Y (TTM)-7.89%
Revenue growth 3Y83.12%
Revenue growth 5Y45.87%
Sales Q2Q%0.24%

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 -33.26% on average per year.
The Revenue is expected to decrease by -13.76% on average over the next years. This is quite bad
EPS Next Y-29.31%
EPS Next 2Y-33.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-13.83%
Revenue Next 2Y-13.76%
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 -0.2 -0.4 -0.6 -0.8 -1

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0

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 10 20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, USEA is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.39
USEA Per share dataUSEA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

USEA's earnings are expected to decrease with -33.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-33.26%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 12.35%, USEA is a good candidate for dividend investing.
USEA's Dividend Yield is rather good when compared to the industry average which is at 7.27. USEA pays more dividend than 94.29% of the companies in the same industry.
USEA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 12.35%

5.2 History

USEA 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
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

The earnings of USEA are negative and hence is the payout ratio. USEA will probably not be able to sustain this dividend level.
DP-33.52%
EPS Next 2Y-33.26%
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 (10/21/2025, 8:00:02 PM)

After market: 1.61 -0.02 (-1.23%)

1.63

-0.05 (-2.97%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-06 2025-08-06/bmo
Earnings (Next)11-12 2025-11-12
Inst Owners1.53%
Inst Owner Change0%
Ins Owners19.18%
Ins Owner ChangeN/A
Market Cap14.95M
Analysts82.86
Price Target3.57 (119.02%)
Short Float %6.21%
Short Ratio19.77
Dividend
Industry RankSector Rank
Dividend Yield 12.35%
Yearly Dividend0.3
Dividend Growth(5Y)N/A
DP-33.52%
Div Incr Years0
Div Non Decr Years0
Ex-Date08-18 2025-08-18 (0.03)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)60.76%
Min EPS beat(2)7.51%
Max EPS beat(2)114.01%
EPS beat(4)3
Avg EPS beat(4)12.74%
Min EPS beat(4)-149.02%
Max EPS beat(4)114.01%
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)4.94%
Min Revenue beat(2)-4.41%
Max Revenue beat(2)14.28%
Revenue beat(4)2
Avg Revenue beat(4)2.65%
Min Revenue beat(4)-10.71%
Max Revenue beat(4)14.28%
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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)60.53%
EPS NY rev (1m)0%
EPS NY rev (3m)43.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.7%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.35
P/FCF N/A
P/OCF N/A
P/B 0.26
P/tB 0.26
EV/EBITDA 9.39
EPS(TTM)-0.67
EYN/A
EPS(NY)-1.05
Fwd EYN/A
FCF(TTM)-0.2
FCFYN/A
OCF(TTM)-0.11
OCFYN/A
SpS4.65
BVpS6.19
TBVpS6.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.87%
ROE -11%
ROCE 0.48%
ROIC 0.38%
ROICexc 0.39%
ROICexgc 0.39%
OM 1.25%
PM (TTM) N/A
GM 47.84%
FCFM 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
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 3Y-52.16%
ROICexcg growth 5YN/A
ROICexc growth 3Y-52.16%
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-Score3
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Debt/EBITDA 4.93
Cap/Depr 8.99%
Cap/Sales 2.05%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.49
Quick Ratio 0.46
Altman-Z 0.32
F-Score3
WACC5.43%
ROIC/WACC0.07
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)-196.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.43%
EPS Next Y-29.31%
EPS Next 2Y-33.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.89%
Revenue growth 3Y83.12%
Revenue growth 5Y45.87%
Sales Q2Q%0.24%
Revenue Next Year-13.83%
Revenue Next 2Y-13.76%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-85.64%
EBIT growth 3Y13.06%
EBIT growth 5Y48.22%
EBIT Next Year263.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-124.03%
FCF growth 3Y-5.74%
FCF growth 5Y37.65%
OCF growth 1Y-112.67%
OCF growth 3Y-3.75%
OCF growth 5Y39.4%