(SHIP) Seanergy Maritime Holdings - Overview

Exchange: NASDAQ • Country: Greece • Currency: USD • Type: Common Stock • ISIN: MHY737601945

Stock: Capesize, Newcastlemax, Dry Bulk, Freight

Total Rating 47

Risk 34

Buy Signal 0.06

Marine Shipping » Marine Transportation
Age: 18.4y

Market Cap: 228m
Avg Trading Vol: 1.28M USD

ATR: 3.59%
Peers RS (IBD): 84.21

EPS (Earnings per Share)

EPS CAGR: -19.87%
EPS Trend: -15.8%

Last SUE: 0.99
Qual. Beats: 1

Revenue

Rev. CAGR: -4.88%
Rev. Trend: 18.4%

Last SUE: 1.12
Qual. Beats: 1

Dividends

Dividend Yield	4.23%
Yield on Cost 5y	3.53%
Yield CAGR 5y	38.21%
Payout Consistency	12.8%
Payout Ratio	63.5%

Risk 5d forecast
Volatility	43.4%
Relative Tail Risk	-8.02%

Reward TTM
Sharpe Ratio	1.40
Alpha	50.59

Character TTM
Beta	0.964
Beta Downside	1.286

Drawdowns 3y
Max DD	57.51%
CAGR/Max DD	0.48

Description: SHIP Seanergy Maritime Holdings January 18, 2026

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a Greek-registered dry-bulk carrier operator that runs a fleet of 20 vessels-18 Capesize and 2 Newcastlemax-with a combined deadweight tonnage of roughly 3.63 million DWT. The company focuses on the global transport of bulk commodities such as iron ore, coal and grain, and it has been publicly listed under its current name since July 2008.

Key operating metrics that analysts watch include the fleet’s average utilization rate (historically around 85 % in a normal market) and the Capesize spot freight rate, which has recently hovered near $30 / tonne on the Baltic Dry Index-a proxy for revenue potential. The balance sheet shows a net debt of about $1.1 billion, giving a debt-to-EBITDA ratio near 3.5×, which is modestly leveraged for the sector. Primary economic drivers are global steel production trends, Chinese import demand for iron ore, and macro-level freight-rate cycles that are closely tied to the Baltic Dry Index and seasonal grain flows.

For a deeper quantitative view, you might explore the ValueRay platform’s ship-by-ship financial model to assess SHIP’s upside potential.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income: 15.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -10.84 > 1.0
NWC/Revenue: -16.50% < 20% (prev -17.09%; Δ 0.59% < -1%)
CFO/TA 0.08 > 3% & CFO 45.2m > Net Income 15.0m
Net Debt (250.7m) to EBITDA (68.3m): 3.67 < 3
Current Ratio: 0.60 > 1.5 & < 3
Outstanding Shares: last quarter (20.6m) vs 12m ago 3.92% < -2%
Gross Margin: 42.99% > 18% (prev 0.53%; Δ 4245 % > 0.5%)
Asset Turnover: 27.00% > 50% (prev 31.31%; Δ -4.32% > 0%)
Interest Coverage Ratio: 1.64 > 6 (EBITDA TTM 68.3m / Interest Expense TTM 22.0m)

Altman Z'' -2.81

A: -0.04 (Total Current Assets 36.8m - Total Current Liabilities 61.6m) / Total Assets 586.2m
B: -0.57 (Retained Earnings -333.8m / Total Assets 586.2m)
C: 0.06 (EBIT TTM 36.1m / Avg Total Assets 556.9m)
D: -1.06 (Book Value of Equity -333.8m / Total Liabilities 314.9m)
Altman-Z'' Score: -2.81 = D

Beneish M 1.00

DSRI: 7.00 (Receivables 7.67m/1.20m, Revenue 150.4m/165.2m)
GMI: 1.24 (GM 42.99% / 53.42%)
AQI: 1.37 (AQ_t 0.06 / AQ_t-1 0.04)
SGI: 0.91 (Revenue 150.4m / 165.2m)
TATA: -0.05 (NI 15.0m - CFO 45.2m) / TA 586.2m)
Beneish M-Score: 2.24 (Cap -4..+1) = D

What is the price of SHIP shares?

As of February 07, 2026, the stock is trading at USD 10.67 with a total of 98,081 shares traded.
Over the past week, the price has changed by -1.20%, over one month by +12.43%, over three months by +27.73% and over the past year by +67.31%.

Is SHIP a buy, sell or hold?

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

What are the forecasts/targets for the SHIP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	13.8	28.9%
Analysts Target Price	13.8	28.9%
ValueRay Target Price	12.6	17.7%

SHIP Fundamental Data Overview February 01, 2026

P/E Trailing = 14.5946
P/E Forward = 2.2143
P/S = 1.5166
P/B = 0.8397
Revenue TTM = 150.4m USD
EBIT TTM = 36.1m USD
EBITDA TTM = 68.3m USD
Long Term Debt = 287.5m USD (from longTermDebt, last quarter)
Short Term Debt = 37.5m USD (from shortTermDebt, last fiscal year)
Debt = 257.9m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 250.7m USD (from netDebt column, last quarter)
Enterprise Value = 449.1m USD (228.0m + Debt 257.9m - CCE 36.8m)
Interest Coverage Ratio = 1.64 (Ebit TTM 36.1m / Interest Expense TTM 22.0m)
EV/FCF = -20.37x (Enterprise Value 449.1m / FCF TTM -22.0m)
FCF Yield = -4.91% (FCF TTM -22.0m / Enterprise Value 449.1m)
FCF Margin = -14.66% (FCF TTM -22.0m / Revenue TTM 150.4m)
Net Margin = 9.98% (Net Income TTM 15.0m / Revenue TTM 150.4m)
Gross Margin = 42.99% ((Revenue TTM 150.4m - Cost of Revenue TTM 85.7m) / Revenue TTM)
Gross Margin QoQ = 44.53% (prev 36.00%)
Tobins Q-Ratio = 0.77 (Enterprise Value 449.1m / Total Assets 586.2m)
Interest Expense / Debt = 2.16% (Interest Expense 5.57m / Debt 257.9m)
Taxrate = 0.0% (0.0 / 43.5m)
NOPAT = 36.1m (EBIT 36.1m * (1 - 0.00%))
Current Ratio = 0.60 (Total Current Assets 36.8m / Total Current Liabilities 61.6m)
Debt / Equity = 0.95 (Debt 257.9m / totalStockholderEquity, last quarter 271.3m)
Debt / EBITDA = 3.67 (Net Debt 250.7m / EBITDA 68.3m)
Debt / FCF = -11.37 (negative FCF - burning cash) (Net Debt 250.7m / FCF TTM -22.0m)
Total Stockholder Equity = 261.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.69% (Net Income 15.0m / Total Assets 586.2m)
RoE = 5.74% (Net Income TTM 15.0m / Total Stockholder Equity 261.5m)
RoCE = 6.57% (EBIT 36.1m / Capital Employed (Equity 261.5m + L.T.Debt 287.5m))
RoIC = 10.06% (NOPAT 36.1m / Invested Capital 358.4m)
WACC = 5.59% (E(228.0m)/V(485.9m) * Re(9.47%) + D(257.9m)/V(485.9m) * Rd(2.16%) * (1-Tc(0.0)))
Discount Rate = 9.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.86%
Fair Price DCF = unknown (Cash Flow -22.0m)
EPS Correlation: -15.78 | EPS CAGR: -19.87% | SUE: 0.99 | # QB: 1
Revenue Correlation: 18.40 | Revenue CAGR: -4.88% | SUE: 1.12 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.09 | Chg30d=-0.045 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.46 | Chg30d=-0.315 | Revisions Net=+2 | Growth EPS=+50.5% | Growth Revenue=+18.4%

Additional Sources for SHIP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle