Seanergy Maritime (SHIP) & Its Rivals Financial Analysis

Seanergy Maritime (NASDAQ:SHIP) is one of 80 publicly-traded companies in the “Marine Transportation” industry, but how does it weigh in compared to its rivals? We will compare Seanergy Maritime to similar businesses based on the strength of its earnings, institutional ownership, analyst recommendations, risk, profitability, dividends and valuation.

Insider & Institutional Ownership

29.4% of Seanergy Maritime shares are owned by institutional investors. Comparatively, 30.4% of shares of all “Marine Transportation” companies are owned by institutional investors. 4.7% of Seanergy Maritime shares are owned by insiders. Comparatively, 27.2% of shares of all “Marine Transportation” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares Seanergy Maritime and its rivals gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Seanergy Maritime	$158.10 million	$21.24 million	4.84
Seanergy Maritime Competitors	$3.68 billion	$344.61 million	12.83

Seanergy Maritime’s rivals have higher revenue and earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Dividends

Seanergy Maritime pays an annual dividend of $1.40 per share and has a dividend yield of 10.1%. Seanergy Maritime pays out 49.0% of its earnings in the form of a dividend. As a group, “Marine Transportation” companies pay a dividend yield of 4.6% and pay out 27.3% of their earnings in the form of a dividend.

Analyst Ratings

This is a summary of recent ratings and target prices for Seanergy Maritime and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Seanergy Maritime	0	1	3	0	2.75
Seanergy Maritime Competitors	447	1656	1703	93	2.37

Seanergy Maritime currently has a consensus target price of $25.00, suggesting a potential upside of 80.51%. As a group, “Marine Transportation” companies have a potential upside of 23.10%. Given Seanergy Maritime’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Seanergy Maritime is more favorable than its rivals.

Profitability

This table compares Seanergy Maritime and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Seanergy Maritime	30.68%	21.87%	10.20%
Seanergy Maritime Competitors	31.18%	13.87%	6.83%

Risk and Volatility

Seanergy Maritime has a beta of 1.15, meaning that its share price is 15% more volatile than the S&P 500. Comparatively, Seanergy Maritime’s rivals have a beta of 1.11, meaning that their average share price is 11% more volatile than the S&P 500.

Summary

Seanergy Maritime rivals beat Seanergy Maritime on 8 of the 15 factors compared.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.