Seanergy Maritime Holdings Corp. - Understand $ship stock

$SHIP Market Cap: $157.3 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$165.2M

TTM

Gross Margin

70.95%

TTM

Net Earnings

$46.00M

TTM

Current Assets

$41.29M

Q3 2024

Current Liabilities

Current Ratio

Total Assets

$527.6M

Q3 2024

Total Liabilities

$265.0M

Q3 2024

Book Value

$262.6M

Q3 2024

Cash

$41.29M

Q3 2024

P/E

3.419

Nov 29, 2024 EST

Free Cash Flow

$34.25M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$110.2M	$125.0M	$153.1M	$63.30M	$86.50M	$91.50M	$74.80M	$34.70M	$11.20M	$2.000M	$23.10M	$55.60M	$104.1M	$95.90M	$87.90M	$34.50M	$0.00	$0.00
YoY Change	-11.83%	-18.35%	141.88%	-26.82%	-5.46%	22.33%	115.56%	209.82%	460.0%	-91.34%	-58.45%	-46.59%	8.55%	9.1%	154.78%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$110.2M	$125.0M	$153.1M	$63.30M	$86.50M	$91.50M	$74.80M	$34.70M	$11.20M	$2.000M	$23.10M	$55.60M	$104.1M	$95.90M	$87.90M	$34.50M	$0.00	$0.00
Cost Of Revenue	$45.11M	$47.84M	$52.80M	$40.90M	$55.60M	$60.90M	$54.50M	$35.30M	$13.10M	$2.300M	$19.40M	$41.10M	$37.90M	$33.50M	$18.10M	$3.800M	$0.00	$0.00
Gross Profit	$65.12M	$77.18M	$100.3M	$22.40M	$30.90M	$30.60M	$20.30M	-$600.0K	-$1.900M	-$300.0K	$3.600M	$14.50M	$66.10M	$62.40M	$69.80M	$30.70M	$0.00	$0.00
Gross Profit Margin	59.08%	61.73%	65.51%	35.39%	35.72%	33.44%	27.14%	-1.73%	-16.96%	-15.0%	15.58%	26.08%	63.5%	65.07%	79.41%	88.99%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$22.85M	$18.78M	$15.17M	$7.700M	$7.000M	$7.500M	$6.100M	$5.000M	$3.200M	$3.400M	$5.300M	$12.60M	$19.00M	$14.60M	$9.400M	$2.700M	$400.0K	$0.00
YoY Change	21.67%	23.76%	97.06%	10.0%	-6.67%	22.95%	22.0%	56.25%	-5.88%	-35.85%	-57.94%	-33.68%	30.14%	55.32%	248.15%	575.0%
% of Gross Profit	35.09%	24.33%	15.13%	34.38%	22.65%	24.51%	30.05%				147.22%	86.9%	28.74%	23.4%	13.47%	8.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$24.68M	$28.30M	$17.15M	$12.72M	$11.02M	$10.88M	$10.52M	$8.530M	$1.870M	$0.00	$980.0K	$15.61M	$28.86M	$29.33M	$26.81M	$9.930M	$0.00	$0.00
YoY Change	-12.8%	64.99%	34.83%	15.43%	1.29%	3.42%	23.33%	356.15%		-100.0%	-93.72%	-45.91%	-1.6%	9.4%	169.99%
% of Gross Profit	37.89%	36.67%	17.1%	56.79%	35.66%	35.56%	51.82%				27.22%	107.66%	43.66%	47.0%	38.41%	32.35%
Operating Expenses	$51.68M	$47.08M	$35.12M	$22.80M	$18.90M	$19.00M	$17.50M	$14.10M	$5.100M	$3.500M	$6.600M	$28.50M	$47.90M	$43.90M	$36.30M	$12.60M	$400.0K	$0.00
YoY Change	9.78%	34.05%	54.03%	20.63%	-0.53%	8.57%	24.11%	176.47%	45.71%	-46.97%	-76.84%	-40.5%	9.11%	20.94%	188.1%	3050.0%
Operating Profit	$13.44M	$30.10M	$65.19M	-$400.0K	$12.00M	$11.60M	$2.800M	-$14.70M	-$7.000M	-$3.800M	-$3.000M	-$14.00M	$18.20M	$18.50M	$33.50M	$18.10M	-$400.0K	$0.00
YoY Change	-55.34%	-53.83%	-16397.25%	-103.33%	3.45%	314.29%	-119.05%	110.0%	84.21%	26.67%	-78.57%	-176.92%	-1.62%	-44.78%	85.08%	-4625.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$18.35M	-$14.39M	-$17.27M	-$23.10M	-$19.80M	-$25.30M	-$17.40M	-$9.900M	-$1.900M	-$1.500M	-$8.400M	-$12.70M	-$13.70M	-$16.00M	-$8.700M	-$800.0K	$1.900M	$0.00
YoY Change	27.56%	-16.68%	-25.25%	16.67%	-21.74%	45.4%	75.76%	421.05%	26.67%	-82.14%	-33.86%	-7.3%	-14.38%	83.91%	987.5%	-142.11%
% of Operating Profit	-136.52%	-47.8%	-26.49%		-165.0%	-218.1%	-621.43%						-75.27%	-86.49%	-25.97%	-4.42%
Other Income/Expense, Net	-$362.0K	$18.00K	-$407.0K	-$1.200M	-$3.900M
YoY Change	-2111.11%	-104.42%	-66.08%	-69.23%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$2.282M	$17.24M	$41.35M	-$18.40M	-$11.60M	-$21.00M	-$3.200M	-$24.60M	-$8.900M	$80.40M	$10.90M	-$193.8M	-$197.7M	$1.700M	$31.60M	-$32.00M	$1.400M	$0.00
YoY Change	-86.76%	-58.31%	-324.72%	58.62%	-44.76%	556.25%	-86.99%	176.4%	-111.07%	637.61%	-105.62%	-1.97%	-11729.41%	-94.62%	-198.75%	-2385.71%
Income Tax	$0.00	-$28.00K	$0.00	$0.00	$100.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.0%	-0.16%	0.0%							0.0%	0.0%			5.88%	0.0%		0.0%
Net Earnings	$2.211M	$17.24M	$41.35M	-$18.40M	-$11.70M	-$21.10M	-$3.200M	-$24.60M	-$8.900M	$80.40M	$10.90M	-$193.8M	-$197.8M	$100.0K	$30.10M	-$32.00M	$1.400M	$0.00
YoY Change	-87.17%	-58.31%	-324.72%	57.26%	-44.55%	559.38%	-86.99%	176.4%	-111.07%	637.61%	-105.62%	-2.02%	-197900.0%	-99.67%	-194.06%	-2385.71%
Net Earnings / Revenue	2.01%	13.79%	27.01%	-29.07%	-13.53%	-23.06%	-4.28%	-70.89%	-79.46%	4020.0%	47.19%	-348.56%	-190.01%	0.1%	34.24%	-92.75%
Basic Earnings Per Share	$0.12	$0.97	$2.70	-$5.49
Diluted Earnings Per Share	$0.12	$0.97	$216.1K	-$550.9K	-$11.70M	-$105.5M	-$32.00M	-$246.0M	-$198.9M	$7.218B	$1.094B	-$20.08B	-$32.44B	$27.03M	$17.95B	-$21.77B	$1.745B	-$9.910M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$19.38M	$32.48M	$43.00M	$22.60M	$13.70M	$6.700M	$8.900M	$12.90M	$3.300M	$2.900M	$3.100M	$4.300M	$17.70M	$53.80M	$63.60M	$27.50M	$235.1M	$400.0K
YoY Change	-40.33%	-24.47%	90.25%	64.96%	104.48%	-24.72%	-31.01%	290.91%	13.79%	-6.45%	-27.91%	-75.71%	-67.1%	-15.41%	131.27%	-88.3%	58675.0%
Cash & Equivalents	$24.93M	$32.48M	$41.50M	$21.00M	$13.70M	$6.700M	$8.900M	$12.90M	$3.300M	$2.900M	$3.100M							$400.0K
Short-Term Investments		$0.00	$1.500M	$1.600M								$0.00	$4.100M	$22.00M	$61.00M	$18.50M	$234.4M	$0.00
Other Short-Term Assets	$2.944M	$32.07M	$2.732M	$2.400M	$2.600M	$2.300M	$2.200M	$2.600M	$700.0K	$300.0K	$61.10M	$45.00M	$21.40M	$12.30M	$2.200M	$1.400M	$100.0K	$0.00
YoY Change	-90.82%	1073.98%	13.83%	-7.69%	13.04%	4.55%	-15.38%	271.43%	133.33%	-99.51%	35.78%	110.28%	73.98%	459.09%	57.14%	1300.0%
Inventory	$1.559M	$1.995M	$1.448M	$4.700M	$3.900M	$5.300M	$4.800M	$4.000M	$3.000M	$0.00	$900.0K	$500.0K	$2.500M	$1.500M	$1.100M	$900.0K	$0.00
Prepaid Expenses
Receivables	$896.0K	$720.0K	$0.00	$800.0K	$1.800M	$2.600M	$3.600M	$2.800M	$1.300M	$0.00	$1.300M	$2.300M	$1.800M	$1.000M	$500.0K	$0.00
Other Receivables	$308.0K	$829.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$25.09M	$32.48M	$47.18M	$30.50M	$21.90M	$16.90M	$19.50M	$22.30M	$8.300M	$3.200M	$66.40M	$52.10M	$43.40M	$68.50M	$67.50M	$29.80M	$235.2M	$400.0K
YoY Change	-22.76%	-31.16%	54.68%	39.27%	29.59%	-13.33%	-12.56%	168.67%	159.38%	-95.18%	27.45%	20.05%	-36.64%	1.48%	126.51%	-87.33%	58700.0%
Property, Plant & Equipment	$440.9M	$481.1M	$427.1M	$258.0M	$254.6M	$244.3M	$254.7M	$232.1M	$199.9M	$100.0K	$0.00	$68.70M	$381.3M	$597.6M	$445.0M	$345.6M	$0.00
YoY Change	-8.37%	12.64%	65.55%	1.34%	4.22%	-4.08%	9.74%	16.11%	199800.0%		-100.0%	-81.98%	-36.19%	34.29%	28.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$11.93M	$16.91M	$12.92M	$6.700M	$6.000M	$6.300M	$1.500M	$3.100M	$1.200M		$0.00	$200.0K	$7.400M	$13.10M	$8.700M	$2.800M	$0.00	$300.0K
YoY Change	-29.48%	30.92%	92.81%	11.67%	-4.76%	320.0%	-51.61%	158.33%			-100.0%	-97.3%	-43.51%	50.57%	210.71%		-100.0%
Total Long-Term Assets	$452.8M	$481.1M	$440.0M	$264.7M	$260.7M	$250.7M	$256.2M	$235.2M	$201.1M	$100.0K	$0.00	$68.90M	$393.1M	$627.9M	$471.0M	$348.4M	$0.00	$200.0K
YoY Change	-5.89%	9.34%	66.24%	1.53%	3.99%	-2.15%	8.93%	16.96%	201000.0%		-100.0%	-82.47%	-37.39%	33.31%	35.19%		-100.0%
Total Assets	$477.9M	$513.6M	$487.2M	$295.2M	$282.6M	$267.6M	$275.7M	$257.5M	$209.4M	$3.300M	$66.40M	$121.0M	$436.5M	$696.4M	$538.5M	$378.2M	$235.2M	$600.0K
YoY Change
Accounts Payable	$5.489M	$7.826M	$5.762M	$3.700M	$16.10M	$14.40M	$8.800M	$6.400M	$6.000M	$300.0K	$2.100M	$2.200M	$2.600M	$2.300M	$1.000M	$700.0K	$600.0K	$200.0K
YoY Change	-29.86%	35.82%	55.73%	-77.02%	11.81%	63.64%	37.5%	6.67%	1900.0%	-85.71%	-4.55%	-15.38%	13.04%	130.0%	42.86%	16.67%	200.0%
Accrued Expenses	$7.841M	$8.482M	$5.294M	$3.100M	$7.000M	$4.800M	$4.700M	$2.500M	$2.300M	$200.0K	$10.70M	$4.700M	$4.400M	$4.500M	$3.200M	$700.0K	$0.00	$0.00
YoY Change	-7.56%	60.22%	70.77%	-55.71%	45.83%	2.13%	88.0%	8.7%	1050.0%	-98.13%	127.66%	6.82%	-2.22%	40.63%	357.14%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$400.0K
YoY Change																	-100.0%
Long-Term Debt Due	$53.56M	$45.88M	$69.24M	$19.40M	$185.7M	$16.20M	$19.20M	$10.50M	$800.0K	$0.00	$134.9M	$209.1M	$49.90M	$59.20M	$36.80M	$27.80M	$0.00
YoY Change	16.72%	-33.73%	256.92%	-89.55%	1046.3%	-15.63%	82.86%	1212.5%		-100.0%	-35.49%	319.04%	-15.71%	60.87%	32.37%
Total Short-Term Liabilities	$69.52M	$94.65M	$88.03M	$30.80M	$237.3M	$36.30M	$34.50M	$21.20M	$9.300M	$600.0K	$157.0M	$222.6M	$58.70M	$72.80M	$42.10M	$33.00M	$6.000M	$600.0K
YoY Change	-26.56%	7.52%	185.82%	-87.02%	553.72%	5.22%	62.74%	127.96%	1450.0%	-99.62%	-29.47%	279.22%	-19.37%	72.92%	27.58%	450.0%	900.0%
Long-Term Debt	$179.0M	$255.7M	$153.5M	$164.9M	$12.00M	$190.2M	$182.6M	$199.6M	$176.8M	$0.00	$0.00	$0.00	$300.9M	$348.9M	$268.9M	$213.6M	$0.00	$0.00
YoY Change	-29.99%	66.57%	-6.91%	1274.17%	-93.69%	4.16%	-8.52%	12.9%				-100.0%	-13.76%	29.75%	25.89%
Other Long-Term Liabilities	$907.0K	$36.20M	$1.197M	$3.900M	$3.400M	$19.80M	$17.30M	$5.900M						$0.00	$600.0K	$0.00
YoY Change	-97.49%	2924.39%	-69.31%	14.71%	-82.83%	14.45%	193.22%							-100.0%
Total Long-Term Liabilities	$179.9M	$291.9M	$154.7M	$168.8M	$15.40M	$210.0M	$199.9M	$205.5M	$176.8M	$0.00	$0.00	$0.00	$300.9M	$348.9M	$269.5M	$213.6M	$0.00	$0.00
YoY Change	-38.36%	88.69%	-8.35%	996.1%	-92.67%	5.05%	-2.73%	16.23%				-100.0%	-13.76%	29.46%	26.17%
Total Liabilities	$249.4M	$291.9M	$242.7M	$199.6M	$252.7M	$246.3M	$234.4M	$226.7M	$186.1M	$600.0K	$157.0M	$222.6M	$359.6M	$421.7M	$330.0M	$246.6M	$6.000M	$600.0K
YoY Change	-14.55%	20.26%	21.61%	-21.01%	2.6%	5.08%	3.4%	21.82%	30916.67%	-99.62%	-29.47%	-38.1%	-14.73%	27.79%	33.82%	4010.0%	900.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	18.39M	17.44M	15.33M	3.344M
Diluted Shares Outstanding	18.44M	17.68M	19.13M	3.344M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $157.27 Million

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is an international shipping company, which engages in the seaborne transportation of dry bulk commodities. The company is headquartered in Athina, Attiki and currently employs 81 full-time employees. The company went IPO on 2007-10-26. The firm operates 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel. Seanergy Maritime Holdings Corp’s fleet includes such vessels as Titanship, Flagship, Hellasship, Patriotship as well as Geniuship and Squireship. The firm manages their vessels’ operations, insurances and bunkering and has the general supervision of their third-party technical and commercial managers. Seanergy Maritime Holdings Corp’s subsidiaries include Seanergy Shipmanagement Corp, Squire Ocean Navigation Co, Pembroke Chartering Services Limited, Harbour Business International Corp as well as Friend Ocean Navigation Co and Seanergy Management Corp.

Industry: Deep Sea Foreign Transportation of Freight Peers: Capital Clean Energy Carriers Corp. Danaos Corp DIANA SHIPPING INC. EuroDry Ltd. EUROSEAS LTD. GLOBUS MARITIME LTD Pyxis Tankers Inc. Star Bulk Carriers Corp.