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UNITED MARITIME CORP (USEA) Stock Fundamental Analysis

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

1.83  0 (0%)

Fundamental Rating

2

Taking everything into account, USEA scores 2 out of 10 in our fundamental rating. USEA was compared to 29 industry peers in the Marine Transportation industry. Both the profitability and financial health of USEA have multiple concerns. While showing a medium growth rate, USEA is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

USEA had negative earnings in the past year.
USEA had a positive operating cash flow in the past year.
USEA had positive earnings in 4 of the past 5 years.
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 0 20M -20M -40M -60M -80M

1.2 Ratios

USEA has a Return On Assets of -1.27%. This is amonst the worse of the industry: USEA underperforms 82.14% of its industry peers.
Looking at the Return On Equity, with a value of -3.66%, USEA is doing worse than 82.14% of the companies in the same industry.
Industry RankSector Rank
ROA -1.27%
ROE -3.66%
ROIC N/A
ROA(3y)14.73%
ROA(5y)N/A
ROE(3y)28.5%
ROE(5y)N/A
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 0 10 20 30 40 50

1.3 Margins

USEA's Profit Margin has declined in the last couple of years.
USEA's Operating Margin of 10.41% is on the low side compared to the rest of the industry. USEA is outperformed by 75.00% of its industry peers.
USEA has a Gross Margin of 51.89%. This is in the lower half of the industry: USEA underperforms 60.71% of its industry peers.
In the last couple of years the Gross Margin of USEA has declined.
Industry RankSector Rank
OM 10.41%
PM (TTM) N/A
GM 51.89%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-76.36%
PM growth 5YN/A
GM growth 3Y-10.63%
GM growth 5YN/A
USEA Yearly Profit, Operating, Gross MarginsUSEA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 50 100 150

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0

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.
The debt/assets ratio for USEA is higher compared to a year ago.
USEA Yearly Shares OutstandingUSEA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 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 50M 100M 150M

2.2 Solvency

USEA has a debt to FCF ratio of 14.15. This is a negative value and a sign of low solvency as USEA would need 14.15 years to pay back of all of its debts.
With a Debt to FCF ratio value of 14.15, USEA perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
A Debt/Equity ratio of 1.62 is on the high side and indicates that USEA has dependencies on debt financing.
The Debt to Equity ratio of USEA (1.62) is worse than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 14.15
Altman-Z N/A
ROIC/WACCN/A
WACC5.98%
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 0 50M -50M

2.3 Liquidity

USEA has a Current Ratio of 0.36. This is a bad value and indicates that USEA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of USEA (0.36) is worse than 96.43% of its industry peers.
USEA has a Quick Ratio of 0.36. This is a bad value and indicates that USEA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.35, USEA is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.36
Quick Ratio 0.35
USEA Yearly Current Assets VS Current LiabilitesUSEA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 10M 20M 30M 40M 50M

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5

3. Growth

3.1 Past

The earnings per share for USEA have decreased strongly by -105.90% in the last year.
USEA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -72.44% yearly.
USEA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.03%.
Measured over the past years, USEA shows a very strong growth in Revenue. The Revenue has been growing by 106.10% on average per year.
EPS 1Y (TTM)-105.9%
EPS 3Y-72.44%
EPS 5YN/A
EPS Q2Q%-111.18%
Revenue 1Y (TTM)17.03%
Revenue growth 3Y106.1%
Revenue growth 5YN/A
Sales Q2Q%-0.99%

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 -526.31% on average per year.
The Revenue is expected to grow by 16.15% on average over the next years. This is quite good.
EPS Next Y-3348.84%
EPS Next 2Y-526.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year27.55%
Revenue Next 2Y16.15%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
USEA Yearly Revenue VS EstimatesUSEA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
USEA Yearly EPS VS EstimatesUSEA Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 -0.1 -0.2 -0.3 -0.4 -0.5

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for USEA. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for USEA. No positive earnings are expected for the next year.
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 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of USEA indicates a slightly more expensive valuation: USEA is more expensive than 67.86% of the companies listed in the same industry.
USEA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. USEA is cheaper than 82.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.26
EV/EBITDA 7.63
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 -526.31% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-526.31%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

USEA has a Yearly Dividend Yield of 16.53%, which is a nice return.
Compared to an average industry Dividend Yield of 13.65, USEA pays a better dividend. On top of this USEA pays more dividend than 96.43% of the companies listed in the same industry.
USEA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 16.53%

5.2 History

USEA is new to the dividend game and has less than 3 years of 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 0.2 0.4 0.6 0.8 1

5.3 Sustainability

DPN/A
EPS Next 2Y-526.31%
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 0 20M -20M -40M -60M -80M

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UNITED MARITIME CORP

NASDAQ:USEA (2/3/2025, 5:41:44 PM)

1.83

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)11-26 2024-11-26/bmo
Earnings (Next)02-19 2025-02-19
Inst Owners1.79%
Inst Owner Change-0.01%
Ins Owners15.31%
Ins Owner ChangeN/A
Market Cap16.18M
Analysts82.86
Price Target5.61 (206.56%)
Short Float %8.26%
Short Ratio8.84
Dividend
Industry RankSector Rank
Dividend Yield 16.53%
Yearly Dividend1.11
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-104.32%
Min EPS beat(2)-149.02%
Max EPS beat(2)-59.63%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-4.95%
Min Revenue beat(2)-10.71%
Max Revenue beat(2)0.82%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-700%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.24%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.35
P/FCF 2.26
P/OCF 2.26
P/B 0.26
P/tB 0.26
EV/EBITDA 7.63
EPS(TTM)-0.27
EYN/A
EPS(NY)-0.56
Fwd EYN/A
FCF(TTM)0.81
FCFY44.16%
OCF(TTM)0.81
OCFY44.16%
SpS5.22
BVpS7.07
TBVpS7.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.27%
ROE -3.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 10.41%
PM (TTM) N/A
GM 51.89%
FCFM 15.48%
ROA(3y)14.73%
ROA(5y)N/A
ROE(3y)28.5%
ROE(5y)N/A
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 3YN/A
OM growth 5YN/A
PM growth 3Y-76.36%
PM growth 5YN/A
GM growth 3Y-10.63%
GM growth 5YN/A
F-Score4
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 14.15
Debt/EBITDA 7.28
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 51.45%
Profit Quality N/A
Current Ratio 0.36
Quick Ratio 0.35
Altman-Z N/A
F-Score4
WACC5.98%
ROIC/WACCN/A
Cap/Depr(3y)1943.5%
Cap/Depr(5y)1166.63%
Cap/Sales(3y)212.67%
Cap/Sales(5y)127.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-105.9%
EPS 3Y-72.44%
EPS 5YN/A
EPS Q2Q%-111.18%
EPS Next Y-3348.84%
EPS Next 2Y-526.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.03%
Revenue growth 3Y106.1%
Revenue growth 5YN/A
Sales Q2Q%-0.99%
Revenue Next Year27.55%
Revenue Next 2Y16.15%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y229.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year456.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y68.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.09%
OCF growth 3YN/A
OCF growth 5YN/A