SEANERGY MARITIME HOLDINGS (SHIP)
MHY737604006 - Common Stock
We assign a fundamental rating of 5 out of 10 to SHIP. SHIP was compared to 27 industry peers in the Marine Transportation industry. SHIP has a medium profitability rating, but doesn't score so well on its financial health evaluation. SHIP may be a bit undervalued, certainly considering the very reasonable score on growth
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.
In multiple years SHIP reported negative net income over the last 5 years.
SHIP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SHIP (5.50%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 11.35%, SHIP is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.78%, SHIP is doing good in the industry, outperforming 73.08% of the companies in the same industry.
SHIP had an Average Return On Invested Capital over the past 3 years of 7.06%. This is in line with the industry average of 7.77%.
The last Return On Invested Capital (8.78%) for SHIP is above the 3 year average (7.06%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 11.35% | ||
| ROIC | 8.78% |
ROA(3y)4.08%
ROA(5y)0.37%
ROE(3y)8.49%
ROE(5y)-6.57%
ROIC(3y)7.06%
ROIC(5y)N/A
1.3 Margins
SHIP has a Profit Margin of 19.89%. This is comparable to the rest of the industry: SHIP outperforms 53.85% of its industry peers.
With a decent Operating Margin value of 33.67%, SHIP is doing good in the industry, outperforming 65.38% of the companies in the same industry.
In the last couple of years the Operating Margin of SHIP has remained more or less at the same level.
SHIP has a better Gross Margin (67.84%) than 80.77% of its industry peers.
SHIP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.67% | ||
| PM (TTM) | 19.89% | ||
| GM | 67.84% |
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 has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SHIP has been increased compared to 1 year ago.
SHIP has more shares outstanding than it did 5 years ago.
SHIP has a worse debt/assets ratio than last year.
2.2 Solvency
SHIP has an Altman-Z score of -0.02. This is a bad value and indicates that SHIP is not financially healthy and even has some risk of bankruptcy.
SHIP has a Altman-Z score of -0.02. This is amonst the worse of the industry: SHIP underperforms 80.77% of its industry peers.
The Debt to FCF ratio of SHIP is 9.59, which is on the high side as it means it would take SHIP, 9.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SHIP (9.59) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.72 indicates that SHIP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, SHIP is doing worse than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 9.59 | ||
| Altman-Z | -0.02 |
ROIC/WACC1.2
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.55 indicates that SHIP may have some problems paying its short term obligations.
With a Current ratio value of 0.55, SHIP is not doing good in the industry: 92.31% of the companies in the same industry are doing better.
A Quick Ratio of 0.52 indicates that SHIP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.52, SHIP is doing worse than 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
SHIP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 620.00%, which is quite impressive.
SHIP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.81%.
The Revenue has been growing slightly by 3.80% on average over the past years.
EPS 1Y (TTM)620%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%317.86%
Revenue 1Y (TTM)-11.81%
Revenue growth 3Y20.31%
Revenue growth 5Y3.8%
Sales Q2Q%81.4%
3.2 Future
SHIP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 250.30% yearly.
SHIP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.28% yearly.
EPS Next Y3560.34%
EPS Next 2Y516.46%
EPS Next 3Y250.3%
EPS Next 5YN/A
Revenue Next Year67.3%
Revenue Next 2Y31.24%
Revenue Next 3Y19.28%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 3.56 indicates a rather cheap valuation of SHIP.
Based on the Price/Earnings ratio, SHIP is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.96. SHIP is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 3.13 indicates a rather cheap valuation of SHIP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SHIP indicates a somewhat cheap valuation: SHIP is cheaper than 76.92% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SHIP to the average of the S&P500 Index (23.82), we can say SHIP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.56 | ||
| Fwd PE | 3.13 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SHIP.
Based on the Price/Free Cash Flow ratio, SHIP is valued a bit cheaper than the industry average as 65.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.6 | ||
| EV/EBITDA | 5.32 |
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.
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 250.30% in the coming years.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y516.46%
EPS Next 3Y250.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.47%, SHIP is a good candidate for dividend investing.
In the last 3 months the price of SHIP has falen by -23.18%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
SHIP's Dividend Yield is rather good when compared to the industry average which is at 7.49. SHIP pays more dividend than 92.31% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, SHIP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.47% |
5.2 History
SHIP 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 Years1
Div Non Decr Years1
5.3 Sustainability
SHIP pays out 12.02% of its income as dividend. This is a sustainable payout ratio.
DP12.02%
EPS Next 2Y516.46%
EPS Next 3Y250.3%
SEANERGY MARITIME HOLDINGS
NASDAQ:SHIP (11/21/2024, 8:00:02 PM)
After market: 8.6 +0.28 (+3.37%)8.32
-0.29 (-3.37%)
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 Cap170.48M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.47% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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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 | 3.56 | ||
| Fwd PE | 3.13 | ||
| 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
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 11.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.67% | ||
| PM (TTM) | 19.89% | ||
| GM | 67.84% | ||
| 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 Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.52 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)620%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y3560.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.81%
Revenue growth 3Y20.31%
Revenue growth 5Y
Sales 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