NasdaqCM:SHIP

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Executive Summary

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Seanergy Maritime Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SHIP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.4%

SHIP

5.3%

US Shipping

1.0%

US Market


1 Year Return

-94.8%

SHIP

-34.5%

US Shipping

13.6%

US Market

Return vs Industry: SHIP underperformed the US Shipping industry which returned -34.5% over the past year.

Return vs Market: SHIP underperformed the US Market which returned 13.6% over the past year.


Shareholder returns

SHIPIndustryMarket
7 Day11.4%5.3%1.0%
30 Day-16.8%2.7%-0.4%
90 Day-85.5%-0.7%8.9%
1 Year-94.8%-94.8%-32.7%-34.5%16.2%13.6%
3 Year-99.8%-99.8%-23.2%-29.5%40.2%30.8%
5 Year-100.0%-100.0%-67.2%-70.6%89.6%68.2%

Price Volatility Vs. Market

How volatile is Seanergy Maritime Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Seanergy Maritime Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHIP ($0.45) is trading below our estimate of fair value ($1.57)

Significantly Below Fair Value: SHIP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SHIP is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.

PE vs Market: SHIP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SHIP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SHIP's PB Ratio (0.2x) is in line with the US Shipping industry average.


Next Steps

Future Growth

How is Seanergy Maritime Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

46.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHIP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SHIP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SHIP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SHIP's revenue (12.5% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: SHIP's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SHIP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Seanergy Maritime Holdings performed over the past 5 years?

-6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHIP is currently unprofitable.

Growing Profit Margin: SHIP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SHIP is unprofitable, and losses have increased over the past 5 years at a rate of 6.8% per year.

Accelerating Growth: Unable to compare SHIP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SHIP is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-5%).


Return on Equity

High ROE: SHIP has a negative Return on Equity (-27.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Seanergy Maritime Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SHIP's short term assets ($36.1M) do not cover its short term liabilities ($219.3M).

Long Term Liabilities: SHIP's short term assets ($36.1M) exceed its long term liabilities ($18.6M).


Debt to Equity History and Analysis

Debt Level: SHIP's debt to equity ratio (332%) is considered high.

Reducing Debt: SHIP's debt to equity ratio has increased from 97.6% to 332% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SHIP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SHIP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Seanergy Maritime Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SHIP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SHIP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SHIP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SHIP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SHIP is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SHIP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Stamatios Tsantanis (48 yo)

7.92yrs

Tenure

Mr. Stamatios Tsantanis has been the Chief Executive Officer of Seanergy Maritime Holdings Corp. since October 1, 2012. He was Interim Chief Financial Officer of Seanergy Maritime Holdings Corp. from Novem ...


Leadership Team

NamePositionTenureCompensationOwnership
Stamatios Tsantanis
Chairman & CEO7.92yrsno data0.058%
$ 17.3k
Stavros Gyftakis
CFO & Finance Director1.92yrsno datano data
Theodora Mitropetrou
General Counsel & Corporate Secretary12.67yrsno datano data

7.9yrs

Average Tenure

Experienced Management: SHIP's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stamatios Tsantanis
Chairman & CEO7.92yrsno data0.058%
$ 17.3k
Elias Culucundis
Independent Director14.08yrsno datano data
Ioannis Kartsonas
Independent Director3.33yrsno datano data
Christina Anagnostara
Director11.83yrsno datano data
Dimitris Anagnostopoulos
Independent Director11.33yrsno datano data

11.3yrs

Average Tenure

49yo

Average Age

Experienced Board: SHIP's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 4027.3%.


Top Shareholders

Company Information

Seanergy Maritime Holdings Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seanergy Maritime Holdings Corp.
  • Ticker: SHIP
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$29.835m
  • Shares outstanding: 66.31m
  • Website: https://www.seanergymaritime.com

Number of Employees


Location

  • Seanergy Maritime Holdings Corp.
  • 154 Vouliagmenis Avenue
  • Glyfada
  • Athens
  • 166 74
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHIPNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDOct 2007
RHSRDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2007

Biography

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It owns a fleet of ten Capesize bulk carriers with a cargo-car ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 06:38
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.