SHIP Stock Analysis: Seanergy Maritime Holdings | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 386m USD | 12M Return: 138.7% | MHY737604006 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.85M
Qual. Beats: 4
Rev. Trend: 84.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a Greece-based shipping company that transports dry bulk commodities such as iron ore and coal across global seaborne trade routes. The company operates a fleet of Capesize and Newcastlemax dry bulk vessels, which are among the largest classes of bulk carriers designed for long-haul, high-volume routes. Headquartered in Glyfada, the company was incorporated in 2008 following a merger and operates within the marine transportation segment of the industrials sector, where earnings are closely tied to global commodity demand and freight rate cycles.
- Baltic Dry Index climbs on China iron ore demand
- Capesize charter rates rise amid tight vessel supply
- Fleet expansion adds Newcastlemax capacity to capture freight upside
| Net Income: 59.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 4.87 > 1.0 |
| NWC/Revenue: -10.88% < 20% (prev -39.17%; Δ 28.30% < -1%) |
| CFO/TA 0.13 > 3% & CFO 81.9m > Net Income 59.8m |
| Net Debt (282.5m) to EBITDA (114.0m): 2.48 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (21.1m) vs 12m ago 3.25% < -2% |
| Gross Margin: 50.70% > 18% (prev 46.19%; Δ 4.51% > 0.5%) |
| Asset Turnover: 31.42% > 50% (prev 24.72%; Δ 6.70% > 0%) |
| Interest Coverage Ratio: 3.83 > 6 (EBIT TTM 76.4m / Interest Expense TTM 19.9m) |
| A: -0.03 (Total Current Assets 59.5m - Total Current Liabilities 80.7m) / Total Assets 643.5m |
| B: -0.45 (Retained Earnings -292.2m / Total Assets 643.5m) |
| C: 0.12 (EBIT TTM 76.4m / Avg Total Assets 620.5m) |
| D: 0.95 (Book Value of Equity 313.1m / Total Liabilities 330.4m) |
| Altman-Z'' = 0.13 = B |
| DSRI: 3.0 (Receivables 10.4m/972k, Revenue 195.0m/147.7m) |
| GMI: 0.91 (GM 46.19% / 50.70%) |
| AQI: 1.88 (AQ_t 0.06 / AQ_t-1 0.03) |
| SGI: 1.32 (Revenue 195.0m / 147.7m) |
| TATA: -0.03 (NI 59.8m - CFO 81.9m) / TA 643.5m) |
| Beneish M = -0.71 (Cap -4..+1) = D |
As of September 01, 2026, the stock is trading at USD 17.66 with a total of 289,830 shares traded. Over the past week, the price has changed by -0.90%, over one month by +0.97%, over three months by +9.29% and over the past year by +138.66%.
Current recommended Stop Loss: 16.10 (which is 8.8% or 2.2 ATR below the current price).
Seanergy Maritime Holdings has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy SHIP.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.3 | 31.7% |
P/E Trailing = 6.0612
P/E Forward = 4.7237
P/S = 1.9882
P/B = 1.2097
Revenue TTM = 195.0m USD
EBIT TTM = 76.4m USD
EBITDA TTM = 114.0m USD
Long Term Debt = 294.9m USD (from longTermDebt, last quarter)
Short Term Debt = 46.9m USD (from shortTermDebt, last quarter)
Debt = 342.0m USD (corrected: LT Debt 294.9m + ST Debt 46.9m) + Leases 214k
Net Debt = 282.5m USD (calculated: Debt 342.0m - CCE 59.5m)
Enterprise Value = 668.6m USD (386.1m + Debt 342.0m - CCE 59.5m)
Interest Coverage Ratio = 3.83 (Ebit TTM 76.4m / Interest Expense TTM 19.9m)
EV/FCF = 65.74x (Enterprise Value 668.6m / FCF TTM 10.2m)
FCF Yield = 1.52% (FCF TTM 10.2m / Enterprise Value 668.6m)
FCF Margin = 5.22% (FCF TTM 10.2m / Revenue TTM 195.0m)
Net Margin = 30.69% (Net Income TTM 59.8m / Revenue TTM 195.0m)
Gross Margin = 50.70% ((Revenue TTM 195.0m - Cost of Revenue TTM 96.1m) / Revenue TTM)
Gross Margin QoQ = 59.33% (prev 45.02%)
Tobins Q-Ratio = 1.04 (Enterprise Value 668.6m / Total Assets 643.5m)
Interest Expense / Debt = 5.83% (Interest Expense 19.9m / Debt 342.0m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 60.4m (EBIT 76.4m * (1 - 21.00%))
Current Ratio = 0.74 (Total Current Assets 59.5m / Total Current Liabilities 80.7m)
Debt / Equity = 1.09 (Debt 342.0m / totalStockholderEquity, last quarter 313.1m)
Debt / EBITDA = 2.48 (Net Debt 282.5m / EBITDA 114.0m)
Debt / FCF = 27.77 (Net Debt 282.5m / FCF TTM 10.2m)
Total Stockholder Equity = 288.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.64% (Net Income 59.8m / Total Assets 643.5m)
RoE = 20.72% (Net Income TTM 59.8m / Total Stockholder Equity 288.8m)
RoCE = 13.10% (EBIT 76.4m / Capital Employed (Equity 288.8m + L.T.Debt 294.9m))
RoIC = 10.06% (NOPAT 60.4m / Invested Capital 599.9m)
WACC = 6.69% (E(386.1m)/V(728.1m) * Re(8.53%) + D(342.0m)/V(728.1m) * Rd(5.83%) * (1-Tc(0.21)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.95 | Cagr: 3.64%
[DCF] Terminal Value 75.44% ; FCFF base≈10.2m ; Y1≈10.2m ; Y5≈10.8m
[DCF] Fair Price = N/A (negative equity: EV 168.3m - Net Debt 282.5m = -114.2m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 3.41 | # QB: 4
Revenue Correlation: 84.07 | Revenue CAGR: 19.53% | SUE: 0.98 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.77 | Chg30d=+4.08% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.57 | Chg30d=+17.82% | Revisions=+25% | GrowthEPS=+178.9% | GrowthRev=+27.3%
EPS next Year (2027-12-31): EPS=2.54 | Chg30d=+16.25% | Revisions=-25% | GrowthEPS=-28.8% | GrowthRev=-3.2%
[Analyst] Revisions Ratio: +17% (up=2, down=1)