(SMHI) SEACOR Marine Holdings - Overview
Stock: Support Vessels, Cargo Transport, Anchor Handling, Mooring Supply, Accommodation
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 63.4% |
| Relative Tail Risk | -9.81% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.23 |
| Alpha | -24.13 |
| Character TTM | |
|---|---|
| Beta | 1.363 |
| Beta Downside | 2.025 |
| Drawdowns 3y | |
|---|---|
| Max DD | 74.28% |
| CAGR/Max DD | -0.17 |
Description: SMHI SEACOR Marine Holdings January 18, 2026
SEACOR Marine Holdings Inc. (SMHI) operates a diversified fleet of offshore support vessels that transport cargo, personnel, and equipment for oil, natural gas, and wind-farm installations across six continents. Its services span anchor handling, mooring, construction, well work-over, subsea tooling deployment, technician accommodations, safety support, and emergency response.
As of 31 December 2024 the company owned or leased 51 of its 54 vessels and managed three additional ships for third-party owners, serving integrated oil majors, independent E&P firms, field-service contractors, and offshore wind developers.
Key industry metrics that directly affect SMHI’s outlook include: (1) average day-rate pressure – day-rates for anchor-handling tug supply vessels (AHTS) have fallen ~12 % YoY in 2024 due to oversupply in the North Sea, while day-rates for wind-farm installation vessels have risen ~8 % on the back of Europe’s 2025-2028 offshore wind pipeline; (2) vessel utilization – SMHI reported a 78 % fleet utilization rate in Q4 2024, above the sector average of 71 %; and (3) capital intensity – the firm’s FY 2023 revenue was $542 million with an adjusted EBITDA margin of 13 %, reflecting modest scale-economies but also exposure to cyclical rig activity.
For a deeper, data-driven assessment of SMHI’s valuation assumptions and scenario analysis, you may find ValueRay’s platform useful.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income: -39.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.09 > 0.02 and ΔFCF/TA -4.55 > 1.0 |
| NWC/Revenue: 46.13% < 20% (prev 18.12%; Δ 28.00% < -1%) |
| CFO/TA -0.02 > 3% & CFO -15.7m > Net Income -39.4m |
| Net Debt (252.0m) to EBITDA (51.4m): 4.90 < 3 |
| Current Ratio: 2.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.9m) vs 12m ago -6.79% < -2% |
| Gross Margin: 3.38% > 18% (prev 0.10%; Δ 328.1% > 0.5%) |
| Asset Turnover: 35.00% > 50% (prev 39.27%; Δ -4.28% > 0%) |
| Interest Coverage Ratio: 0.04 > 6 (EBITDA TTM 51.4m / Interest Expense TTM 37.4m) |
Altman Z'' -0.29
| A: 0.16 (Total Current Assets 194.3m - Total Current Liabilities 81.2m) / Total Assets 692.5m |
| B: -0.28 (Retained Earnings -193.8m / Total Assets 692.5m) |
| C: 0.00 (EBIT TTM 1.48m / Avg Total Assets 701.0m) |
| D: -0.44 (Book Value of Equity -183.2m / Total Liabilities 414.8m) |
| Altman-Z'' Score: -0.29 = B |
Beneish M -1.49
| DSRI: 0.84 (Receivables 62.8m/85.2m, Revenue 245.3m/278.6m) |
| GMI: 2.87 (GM 3.38% / 9.71%) |
| AQI: 1.15 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 0.88 (Revenue 245.3m / 278.6m) |
| TATA: -0.03 (NI -39.4m - CFO -15.7m) / TA 692.5m) |
| Beneish M-Score: -1.49 (Cap -4..+1) = D |
What is the price of SMHI shares?
Over the past week, the price has changed by +7.69%, over one month by +11.81%, over three months by +10.89% and over the past year by -2.89%.
Is SMHI a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SMHI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11 | 63.7% |
| Analysts Target Price | 11 | 63.7% |
| ValueRay Target Price | 6.5 | -3.9% |
SMHI Fundamental Data Overview January 27, 2026
P/B = 0.6711
Revenue TTM = 245.3m USD
EBIT TTM = 1.48m USD
EBITDA TTM = 51.4m USD
Long Term Debt = 311.9m USD (from longTermDebt, last quarter)
Short Term Debt = 30.5m USD (from shortTermDebt, last quarter)
Debt = 343.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 252.0m USD (from netDebt column, last quarter)
Enterprise Value = 438.1m USD (186.1m + Debt 343.0m - CCE 91.0m)
Interest Coverage Ratio = 0.04 (Ebit TTM 1.48m / Interest Expense TTM 37.4m)
EV/FCF = -7.42x (Enterprise Value 438.1m / FCF TTM -59.0m)
FCF Yield = -13.48% (FCF TTM -59.0m / Enterprise Value 438.1m)
FCF Margin = -24.07% (FCF TTM -59.0m / Revenue TTM 245.3m)
Net Margin = -16.08% (Net Income TTM -39.4m / Revenue TTM 245.3m)
Gross Margin = 3.38% ((Revenue TTM 245.3m - Cost of Revenue TTM 237.0m) / Revenue TTM)
Gross Margin QoQ = -1.51% (prev -1.81%)
Tobins Q-Ratio = 0.63 (Enterprise Value 438.1m / Total Assets 692.5m)
Interest Expense / Debt = 2.61% (Interest Expense 8.95m / Debt 343.0m)
Taxrate = 37.56% (5.41m / 14.4m)
NOPAT = 922.3k (EBIT 1.48m * (1 - 37.56%))
Current Ratio = 2.39 (Total Current Assets 194.3m / Total Current Liabilities 81.2m)
Debt / Equity = 1.24 (Debt 343.0m / totalStockholderEquity, last quarter 277.7m)
Debt / EBITDA = 4.90 (Net Debt 252.0m / EBITDA 51.4m)
Debt / FCF = -4.27 (negative FCF - burning cash) (Net Debt 252.0m / FCF TTM -59.0m)
Total Stockholder Equity = 281.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.63% (Net Income -39.4m / Total Assets 692.5m)
RoE = -14.00% (Net Income TTM -39.4m / Total Stockholder Equity 281.7m)
RoCE = 0.25% (EBIT 1.48m / Capital Employed (Equity 281.7m + L.T.Debt 311.9m))
RoIC = 0.15% (NOPAT 922.3k / Invested Capital 623.6m)
WACC = 4.90% (E(186.1m)/V(529.1m) * Re(10.94%) + D(343.0m)/V(529.1m) * Rd(2.61%) * (1-Tc(0.38)))
Discount Rate = 10.94% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.53%
Fair Price DCF = unknown (Cash Flow -59.0m)
EPS Correlation: 51.64 | EPS CAGR: 26.77% | SUE: 1.09 | # QB: 2
Revenue Correlation: 48.69 | Revenue CAGR: 5.77% | SUE: -0.23 | # QB: 0
EPS next Year (2026-12-31): EPS=-2.79 | Chg30d=+0.130 | Revisions Net=+1 | Growth EPS=-149.1% | Growth Revenue=-2.4%