SEANERGY MARITIME HOLDINGS (SHIP)
MHY737604006 - Common Stock
Taking everything into account, SHIP scores 4 out of 10 in our fundamental rating. SHIP was compared to 27 industry peers in the Marine Transportation industry. There are concerns on the financial health of SHIP while its profitability can be described as average. 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.
The reported net income has been mixed in the past 5 years: SHIP reported negative net income in multiple years.
Of the past 5 years SHIP 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SHIP (10.59%) is better than 69.23% of its industry peers.
The Return On Equity of SHIP (21.27%) is better than 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.59% | ||
| ROE | 21.27% | ||
| ROIC | N/A |
ROA(3y)4.08%
ROA(5y)0.37%
ROE(3y)8.49%
ROE(5y)-6.57%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 27.45%, SHIP is doing good in the industry, outperforming 65.38% of the companies in the same industry.
Looking at the Operating Margin, with a value of 40.03%, SHIP is in the better half of the industry, outperforming 73.08% 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's Gross Margin of 70.66% is amongst the best of the industry. SHIP outperforms 84.62% of its industry peers.
In the last couple of years the Gross Margin of SHIP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.03% | ||
| PM (TTM) | 27.45% | ||
| GM | 70.66% |
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 does not have a ROIC to compare to the WACC, probably because it is not profitable.
SHIP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SHIP has more shares outstanding
SHIP has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of SHIP is 6.95, which is on the high side as it means it would take SHIP, 6.95 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.95, SHIP perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
A Debt/Equity ratio of 0.91 indicates that SHIP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.91, SHIP is doing worse than 80.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | 6.95 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.62%
2.3 Liquidity
A Current Ratio of 0.36 indicates that SHIP may have some problems paying its short term obligations.
The Current ratio of SHIP (0.36) is worse than 92.31% of its industry peers.
SHIP has a Quick Ratio of 0.36. This is a bad value and indicates that SHIP is not financially healthy enough and could expect problems in meeting its short term obligations.
SHIP's Quick ratio of 0.34 is on the low side compared to the rest of the industry. SHIP is outperformed by 96.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 620.00% over the past year.
SHIP shows a strong growth in Revenue. In the last year, the Revenue has grown by 104.86%.
Measured over the past years, SHIP shows a small growth in Revenue. The Revenue has been growing by 3.80% on average per year.
EPS 1Y (TTM)620%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%317.86%
Revenue 1Y (TTM)104.86%
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 171.27% yearly.
The Revenue is expected to grow by 11.04% on average over the next years. This is quite good.
EPS Next Y3091.14%
EPS Next 2Y450.53%
EPS Next 3Y171.27%
EPS Next 5YN/A
Revenue Next Year59.18%
Revenue Next 2Y26.84%
Revenue Next 3Y11.04%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SHIP is valuated cheaply with a Price/Earnings ratio of 2.97.
Compared to the rest of the industry, the Price/Earnings ratio of SHIP indicates a somewhat cheap valuation: SHIP is cheaper than 65.38% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.73, SHIP is valued rather cheaply.
The Price/Forward Earnings ratio is 3.28, which 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.
SHIP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.97 | ||
| Fwd PE | 3.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SHIP is valued a bit cheaper than 65.38% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHIP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.16 | ||
| EV/EBITDA | 3.2 |
4.3 Compensation for Growth
SHIP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHIP's earnings are expected to grow with 171.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y450.53%
EPS Next 3Y171.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 15.12%, SHIP is a good candidate for dividend investing.
The stock price of SHIP dropped by -38.71% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
SHIP's Dividend Yield is rather good when compared to the industry average which is at 10.27. SHIP pays more dividend than 88.46% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SHIP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.12% |
5.2 History
SHIP has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SHIP pays out 10.90% of its income as dividend. This is a sustainable payout ratio.
DP10.9%
EPS Next 2Y450.53%
EPS Next 3Y171.27%
SEANERGY MARITIME HOLDINGS
NASDAQ:SHIP (12/20/2024, 8:00:01 PM)
After market: 6.9507 +0 (+0.01%)6.95
+0.07 (+1.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners21.77%
Inst Owner ChangeN/A
Ins Owners9.37%
Ins Owner ChangeN/A
Market Cap142.41M
Analysts84
Price Target14.79 (112.81%)
Short Float %1.56%
Short Ratio0.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.12% |
Dividend Growth(5Y)N/A
DP10.9%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.1%
Min EPS beat(2)-19.83%
Max EPS beat(2)13.64%
EPS beat(4)3
Avg EPS beat(4)48.04%
Min EPS beat(4)-19.83%
Max EPS beat(4)107.39%
EPS beat(8)7
Avg EPS beat(8)62.1%
EPS beat(12)11
Avg EPS beat(12)107.44%
EPS beat(16)13
Avg EPS beat(16)79.88%
Revenue beat(2)1
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-5.14%
Max Revenue beat(2)2.99%
Revenue beat(4)3
Avg Revenue beat(4)3.72%
Min Revenue beat(4)-5.14%
Max Revenue beat(4)8.99%
Revenue beat(8)6
Avg Revenue beat(8)3.39%
Revenue beat(12)9
Avg Revenue beat(12)4.03%
Revenue beat(16)9
Avg Revenue beat(16)2.31%
PT rev (1m)-3.33%
PT rev (3m)10.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)20.92%
EPS NY rev (1m)-12.82%
EPS NY rev (3m)-25.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.8%
Revenue NY rev (1m)-4.85%
Revenue NY rev (3m)-3.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.97 | ||
| Fwd PE | 3.28 | ||
| P/S | 0.7 | ||
| P/FCF | 4.16 | ||
| P/OCF | 1.88 | ||
| P/B | 0.54 | ||
| P/tB | 0.54 | ||
| EV/EBITDA | 3.2 |
EPS(TTM)2.34
EY33.67%
EPS(NY)2.12
Fwd EY30.53%
FCF(TTM)1.67
FCFY24.05%
OCF(TTM)3.69
OCFY53.16%
SpS9.93
BVpS12.81
TBVpS12.81
PEG (NY)0
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.59% | ||
| ROE | 21.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 40.03% | ||
| PM (TTM) | 27.45% | ||
| GM | 70.66% | ||
| FCFM | 16.83% |
ROA(3y)4.08%
ROA(5y)0.37%
ROE(3y)8.49%
ROE(5y)-6.57%
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)8.94%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score8
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | 6.95 | ||
| Debt/EBITDA | 2.24 | ||
| Cap/Depr | 168.02% | ||
| Cap/Sales | 20.37% | ||
| Interest Coverage | 4.14 | ||
| Cash Conversion | 71.33% | ||
| Profit Quality | 61.31% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z | N/A |
F-Score8
WACC7.62%
ROIC/WACCN/A
Cap/Depr(3y)484.45%
Cap/Depr(5y)344.94%
Cap/Sales(3y)61.9%
Cap/Sales(5y)46.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)620%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%317.86%
EPS Next Y3091.14%
EPS Next 2Y450.53%
EPS Next 3Y171.27%
EPS Next 5YN/A
Revenue 1Y (TTM)104.86%
Revenue growth 3Y20.31%
Revenue growth 5Y3.8%
Sales Q2Q%81.4%
Revenue Next Year59.18%
Revenue Next 2Y26.84%
Revenue Next 3Y11.04%
Revenue Next 5YN/A
EBIT growth 1Y2281.78%
EBIT growth 3YN/A
EBIT growth 5Y2.99%
EBIT Next Year611.84%
EBIT Next 3Y73.06%
EBIT Next 5YN/A
FCF growth 1Y192.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-16%
OCF growth 3YN/A
OCF growth 5Y40.51%