SEANERGY MARITIME HOLDINGS (SHIP) Stock Fundamental Analysis
USA - NASDAQ:SHIP - MHY737604006 - Common Stock
8.61 USD
+0.14 (+1.65%)
8.61 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to SHIP. SHIP was compared to 35 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.
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.
Of the past 5 years SHIP 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.44%, SHIP perfoms like the industry average, outperforming 51.43% of the companies in the same industry.
With a decent Return On Equity value of 5.66%, SHIP is doing good in the industry, outperforming 62.86% of the companies in the same industry.
SHIP has a Return On Invested Capital of 5.51%. This is in the better half of the industry: SHIP outperforms 62.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SHIP is significantly below the industry average of 18.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 5.66% | ||
| ROIC | 5.51% |
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
With a Profit Margin value of 9.88%, SHIP perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
SHIP's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 23.76%, SHIP is doing good in the industry, outperforming 65.71% 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 63.13% is fine compared to the rest of the industry. SHIP outperforms 77.14% of its industry peers.
SHIP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.76% | ||
| PM (TTM) | 9.88% | ||
| GM | 63.13% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHIP is destroying value.
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.
Compared to 1 year ago, SHIP has an improved debt to assets ratio.
2.2 Solvency
SHIP has an Altman-Z score of -0.16. This is a bad value and indicates that SHIP is not financially healthy and even has some risk of bankruptcy.
SHIP's Altman-Z score of -0.16 is on the low side compared to the rest of the industry. SHIP is outperformed by 80.00% of its industry peers.
A Debt/Equity ratio of 0.95 indicates that SHIP is somewhat dependend on debt financing.
The Debt to Equity ratio of SHIP (0.95) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.16 |
ROIC/WACC0.57
WACC9.75%
2.3 Liquidity
A Current Ratio of 0.39 indicates that SHIP may have some problems paying its short term obligations.
SHIP's Current ratio of 0.39 is on the low side compared to the rest of the industry. SHIP is outperformed by 91.43% of its industry peers.
A Quick Ratio of 0.37 indicates that SHIP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.37, SHIP is doing worse than 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
The earnings per share for SHIP have decreased strongly by -50.34% in the last year.
SHIP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.37% yearly.
SHIP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.54%.
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)-50.34%
EPS 3Y-5.37%
EPS 5YN/A
EPS Q2Q%-79.41%
Revenue 1Y (TTM)-19.54%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%-13.11%
3.2 Future
SHIP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.69% yearly.
The Revenue is expected to grow by 6.47% on average over the next years.
EPS Next Y-70.75%
EPS Next 2Y-8.37%
EPS Next 3Y22.69%
EPS Next 5YN/A
Revenue Next Year-10.62%
Revenue Next 2Y-0.03%
Revenue Next 3Y6.47%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.96, the valuation of SHIP can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SHIP is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SHIP to the average of the S&P500 Index (25.83), we can say SHIP is valued rather cheaply.
SHIP is valuated cheaply with a Price/Forward Earnings ratio of 4.86.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SHIP indicates a somewhat cheap valuation: SHIP is cheaper than 80.00% of the companies listed in the same industry.
SHIP is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 4.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHIP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.82 |
4.3 Compensation for Growth
A more expensive valuation may be justified as SHIP's earnings are expected to grow with 22.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.37%
EPS Next 3Y22.69%
5. Dividend
5.1 Amount
SHIP has a Yearly Dividend Yield of 2.36%. Purely for dividend investing, there may be better candidates out there.
SHIP's Dividend Yield is comparable with the industry average which is at 7.05.
SHIP's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
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
107.17% of the earnings are spent on dividend by SHIP. This is not a sustainable payout ratio.
DP107.17%
EPS Next 2Y-8.37%
EPS Next 3Y22.69%
8.61
+0.14 (+1.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners9.07%
Inst Owner ChangeN/A
Ins Owners23.7%
Ins Owner ChangeN/A
Market Cap181.76M
Revenue(TTM)147.72M
Net Income(TTM)14.60M
Analysts84
Price Target12.88 (49.59%)
Short Float %2.72%
Short Ratio2.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
Yearly Dividend0.54
Dividend Growth(5Y)N/A
DP107.17%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)34.18%
Min EPS beat(2)31.1%
Max EPS beat(2)37.25%
EPS beat(4)3
Avg EPS beat(4)23.61%
Min EPS beat(4)-19.83%
Max EPS beat(4)45.92%
EPS beat(8)7
Avg EPS beat(8)38.97%
EPS beat(12)11
Avg EPS beat(12)91.59%
EPS beat(16)15
Avg EPS beat(16)87.92%
Revenue beat(2)2
Avg Revenue beat(2)3.05%
Min Revenue beat(2)2.57%
Max Revenue beat(2)3.52%
Revenue beat(4)3
Avg Revenue beat(4)0.88%
Min Revenue beat(4)-5.14%
Max Revenue beat(4)3.52%
Revenue beat(8)6
Avg Revenue beat(8)2.79%
Revenue beat(12)10
Avg Revenue beat(12)4.39%
Revenue beat(16)12
Avg Revenue beat(16)3.48%
PT rev (1m)0%
PT rev (3m)14.12%
EPS NQ rev (1m)42.06%
EPS NQ rev (3m)-20.3%
EPS NY rev (1m)54.45%
EPS NY rev (3m)62.72%
Revenue NQ rev (1m)1.7%
Revenue NQ rev (3m)1.79%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)1.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 4.86 | ||
| P/S | 1.23 | ||
| P/FCF | N/A | ||
| P/OCF | 3.22 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 7.82 |
EPS(TTM)0.72
EY8.36%
EPS(NY)1.77
Fwd EY20.57%
FCF(TTM)-0.68
FCFYN/A
OCF(TTM)2.67
OCFY31.07%
SpS7
BVpS12.21
TBVpS12.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 5.66% | ||
| ROCE | 6.98% | ||
| ROIC | 5.51% | ||
| ROICexc | 5.66% | ||
| ROICexgc | 5.67% | ||
| OM | 23.76% | ||
| PM (TTM) | 9.88% | ||
| GM | 63.13% | ||
| FCFM | N/A |
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
ROICexgc growth 3Y-8.55%
ROICexgc 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-Score4
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.02 | ||
| Cap/Depr | 278.17% | ||
| Cap/Sales | 48.01% | ||
| Interest Coverage | 1.69 | ||
| Cash Conversion | 93.21% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.37 | ||
| Altman-Z | -0.16 |
F-Score4
WACC9.75%
ROIC/WACC0.57
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-70.75%
EPS Next 2Y-8.37%
EPS Next 3Y22.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.54%
Revenue growth 3Y3.03%
Revenue growth 5Y14.12%
Sales Q2Q%-13.11%
Revenue Next Year-10.62%
Revenue Next 2Y-0.03%
Revenue Next 3Y6.47%
Revenue Next 5YN/A
EBIT growth 1Y-44.93%
EBIT growth 3Y-1.27%
EBIT growth 5Y39.22%
EBIT Next Year12.35%
EBIT Next 3Y27.32%
EBIT Next 5YN/A
FCF growth 1Y-7.07%
FCF growth 3YN/A
FCF growth 5Y4.05%
OCF growth 1Y183.05%
OCF growth 3Y-2.32%
OCF growth 5Y41.84%
SEANERGY MARITIME HOLDINGS / SHIP FAQ
What is the ChartMill fundamental rating of SEANERGY MARITIME HOLDINGS (SHIP) stock?
ChartMill assigns a fundamental rating of 3 / 10 to SHIP.
Can you provide the valuation status for SEANERGY MARITIME HOLDINGS?
ChartMill assigns a valuation rating of 5 / 10 to SEANERGY MARITIME HOLDINGS (SHIP). This can be considered as Fairly Valued.
How profitable is SEANERGY MARITIME HOLDINGS (SHIP) stock?
SEANERGY MARITIME HOLDINGS (SHIP) has a profitability rating of 5 / 10.
How financially healthy is SEANERGY MARITIME HOLDINGS?
The financial health rating of SEANERGY MARITIME HOLDINGS (SHIP) is 1 / 10.
Can you provide the expected EPS growth for SHIP stock?
The Earnings per Share (EPS) of SEANERGY MARITIME HOLDINGS (SHIP) is expected to decline by -70.75% in the next year.