Seanergy Maritime (SHIP) AI Stock Analysis

• Market Cap: $179.97M
• Dividend Yield: 5.25%
• Average Volume (3M): 131.53K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.24
• Revenue Growth: 1.66%
• EPS Growth: -46.13%
• Country: US
• Employees: 93
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.18
• Shares Outstanding: 20,902,365
• 10 Day Avg. Volume: 111,762
• 30 Day Avg. Volume: 131,531
• PEG Ratio: <0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.86
• P/FCF Ratio: 154.47
• Enterprise Value/Market Cap: 2.32
• Enterprise Value/Revenue: 2.82
• Enterprise Value/Gross Profit: 6.11
• Enterprise Value/Ebitda: 6.97
• 1Y Price Target: $12.00
• Price Target Upside: 49.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $8.50 ▲(5.59% Upside)

Seanergy Maritime's overall stock score reflects financial challenges, with declining revenue and profitability margins being significant concerns. The technical analysis shows mixed signals, while the valuation is fair with a good dividend yield. The earnings call provided some optimism with market rebound and strategic actions, but operational disruptions and revenue decline remain issues.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective operational strategies, enhancing long-term business sustainability.

Fleet Expansion

Fleet expansion and financial flexibility position Seanergy to capitalize on market opportunities and improve competitive standing.

Market Resilience

Improved market conditions for Capesize vessels suggest a favorable environment for revenue growth and strategic positioning.

Negative Factors

Year-over-Year Revenue Decline

The decline in year-over-year revenue highlights potential volatility and challenges in maintaining consistent growth.

First Half Net Loss

The net loss underscores the impact of market fluctuations on profitability, necessitating strategic adjustments to mitigate risks.

Operational Disruptions

Operational disruptions from dry dockings can affect revenue and highlight the need for efficient fleet management.

Seanergy Maritime Business Overview & Revenue Model

Company Description

Seanergy Maritime Holdings Corp. is a leading provider of maritime transportation services, primarily focused on the transportation of dry bulk commodities. The company operates a fleet of modern, fuel-efficient vessels, specializing in the transportation of iron ore, coal, and grain. Seanergy is dedicated to maintaining high operational standards and environmental sustainability while catering to the needs of its global customer base.

How the Company Makes Money

Seanergy Maritime generates revenue primarily through the chartering of its vessels to shipping companies and commodity traders. The company employs a mix of time charters and spot charters, allowing it to capitalize on favorable market conditions. Key revenue streams include long-term charters, which provide stable income, and short-term contracts that can yield higher rates during peak demand periods. Additionally, Seanergy benefits from strategic partnerships with major commodity producers and traders, enhancing its market presence and operational efficiency. The company's focus on maintaining a modern fleet and optimizing its operational costs further contributes to its profitability.

Seanergy Maritime Financial Statement Overview

Summary

Seanergy Maritime faces financial challenges with declining revenue growth and profitability margins. The balance sheet shows increased leverage, and cash flow issues are evident with significant declines in free cash flow. The company needs to improve revenue growth, manage costs, and enhance cash flow generation to ensure financial stability.

Income Statement

Seanergy Maritime's income statement shows a mixed performance. The TTM data reflects a decline in revenue growth rate by -3.69%, indicating challenges in maintaining top-line growth. Gross profit margin stands at 46.19%, which is a decrease from the previous year, suggesting pressure on cost management. The net profit margin has also decreased to 10.23% from 25.96% in the previous year, highlighting reduced profitability. However, the company maintains a reasonable EBIT margin of 24.17% and an EBITDA margin of 40.50%, indicating operational efficiency.

Balance Sheet

The balance sheet reveals a stable yet leveraged position. The debt-to-equity ratio has increased to 1.19, indicating higher leverage compared to the previous year. Return on equity has decreased to 5.83%, reflecting reduced profitability for shareholders. The equity ratio is not explicitly provided, but the company's equity position appears stable relative to its assets. Overall, the company needs to manage its debt levels to mitigate financial risk.

Cash Flow

Cash flow analysis shows significant challenges. The free cash flow has declined by 59.10%, indicating potential liquidity issues. The operating cash flow to net income ratio is 0.60, suggesting that cash generation from operations is not fully covering net income. The negative free cash flow to net income ratio of -0.27 highlights the need for improved cash management. The company must focus on enhancing cash flow generation to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	147.72M	167.46M	110.23M	125.02M	153.11M	63.34M
Gross Profit	68.23M	117.18M	40.45M	48.88M	80.36M	7.39M
EBITDA	59.82M	92.45M	45.22M	60.84M	79.07M	17.79M
Net Income	15.11M	43.47M	2.28M	17.24M	41.35M	-18.36M
Balance Sheet
Total Assets	597.57M	545.85M	477.88M	513.60M	486.92M	295.25M
Cash, Cash Equivalents and Short-Term Investments	12.84M	21.87M	19.43M	26.03M	43.00M	22.61M
Total Debt	307.94M	257.87M	232.97M	256.20M	222.75M	184.28M
Total Liabilities	339.82M	283.67M	249.43M	291.90M	242.44M	199.55M
Stockholders Equity	257.74M	262.18M	228.44M	221.70M	244.48M	95.69M
Cash Flow
Free Cash Flow	-15.18M	927.00K	30.83M	-33.16M	-116.56M	-30.00M
Operating Cash Flow	57.10M	75.28M	31.32M	37.29M	80.76M	-9.73M
Investing Cash Flow	-84.71M	-79.37M	17.75M	-56.26M	-184.62M	-21.86M
Financing Cash Flow	15.14M	14.08M	-56.62M	5.83M	127.44M	39.10M

Seanergy Maritime Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHIP, the sentiment is Positive. The current price of 8.05 is below the 20-day moving average (MA) of 8.31, below the 50-day MA of 8.37, and above the 200-day MA of 6.99, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 62.10 is Neutral, neither overbought nor oversold. The STOCH value of 83.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SHIP.

Seanergy Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GASS	76 Outperform	$250.72M	3.98	9.68%	―	13.82%	-10.37%
TORO	68 Neutral	$67.21M	―	1.44%	―	-42.15%	-99.65%
TOPS	65 Neutral	$27.76M	2.60	7.94%	―	4.77%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DSX	61 Neutral	$196.82M	13.04	4.23%	2.21%	-4.90%	21.09%
SHIP	59 Neutral	$179.97M	11.38	5.93%	5.25%	1.66%	-46.13%
EDRY	52 Neutral	$34.17M	-2.32	-14.42%	―	-13.96%	-498.96%

Seanergy Maritime Corporate Events

Seanergy Maritime Announces 2025 Annual Shareholder Meeting Amid Strong Financial Performance

Seanergy Maritime Holdings Corp. announced its 2025 Annual Meeting of Shareholders scheduled for October 30, 2025, in Glyfada, Greece. The company reported strong financial performance in 2024 with record net revenues and profitability, despite facing a challenging environment characterized by inflation and geopolitical uncertainty. In the first half of 2025, Seanergy navigated a seasonal slowdown but returned to profitability in Q2. The company maintained its shareholder-friendly dividend policy and outperformed the Baltic Capesize Index, highlighting its commitment to operational excellence and sustainable growth. Shareholders will vote on the re-election of directors and the ratification of independent auditors at the upcoming meeting.

Seanergy Maritime Reports Q2 2025 Profitability and Declares Dividend

Seanergy Maritime Holdings Corp. reported its financial results for the second quarter and first half of 2025, showing a return to profitability in the second quarter with a net income of $2.9 million, despite a decrease in net revenues compared to the previous year. The company declared a quarterly cash dividend of $0.05 per share, marking the 15th consecutive quarterly dividend. Seanergy’s fleet achieved a daily Time Charter Equivalent (TCE) rate that outperformed the Baltic Capesize Index by 6%. The company completed $110.6 million in financings and refinancings year-to-date, positioning itself to capitalize on favorable market conditions with a strong balance sheet and strategic hedging activities.