Seanergy Maritime (SHIP) AI Stock Analysis

• Market Cap: $223.18M
• Dividend Yield: 4.98%
• Average Volume (3M): 151.98K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.22
• Revenue Growth: -8.99%
• EPS Growth: -68.66%
• Country: US
• Employees: 93
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.67
• Shares Outstanding: 21,114,098
• 10 Day Avg. Volume: 217,148
• 30 Day Avg. Volume: 151,983
• PEG Ratio: <0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.86
• P/FCF Ratio: 154.47
• Enterprise Value/Market Cap: 1.88
• Enterprise Value/Revenue: 2.85
• Enterprise Value/Gross Profit: 6.16
• Enterprise Value/Ebitda: 7.18
• 1Y Price Target: $12.00
• Price Target Upside: 49.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.02
• Revenue Forecast (FY): $150.78M

• Rating: 70 Outperform
• Price Target: $11.00 ▲(36.65% Upside)

Seanergy Maritime's overall stock score is driven by strong technical indicators and a positive earnings call, which highlight operational leverage and strategic initiatives. However, financial performance challenges, including declining revenue and cash flow issues, weigh on the score. The valuation is reasonable, but financial stability needs improvement to sustain growth and dividends.

Positive Factors

Fleet Renewal Strategy

Investing in modern, efficient vessels enhances operational efficiency and positions the company for long-term growth in the maritime industry.

Capesize Market Strength

Strong Capesize market rates indicate favorable conditions for revenue growth, benefiting Seanergy's focus on large vessel operations.

Dividend Policy

Consistent dividend payouts demonstrate financial stability and a commitment to returning value to shareholders, enhancing investor confidence.

Negative Factors

Declining Revenue Growth

A decline in revenue growth indicates challenges in maintaining top-line expansion, which could impact long-term profitability and market position.

Increased Leverage

Higher leverage can strain financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities.

Cash Flow Challenges

Significant decline in free cash flow highlights liquidity issues, which could hinder operational capabilities and strategic investments.

Seanergy Maritime Business Overview & Revenue Model

Company Description

Seanergy Maritime Holdings Corp. is a global provider of maritime transportation services, primarily focused on the transportation of dry bulk cargoes through its fleet of Capesize vessels. The company operates in the shipping sector, specializing in the chartering of large bulk carriers that transport commodities such as iron ore, coal, and grains across major international trade routes. With a commitment to operational excellence and sustainability, Seanergy aims to optimize its fleet operations and provide reliable services to its clients.

How the Company Makes Money

Seanergy Maritime generates revenue primarily through the chartering of its fleet to shipping companies, which pay for the transportation of dry bulk commodities. The company employs a mix of time charters and spot charters, allowing it to capture varying market rates for its services. Key revenue streams include long-term contracts with established clients, which provide stable income, and opportunistic spot market contracts that can yield higher rates during periods of high demand. Additionally, Seanergy focuses on maintaining operational efficiency and minimizing costs, which enhances profitability. The company may also benefit from strategic partnerships with commodity producers and trading houses that require reliable shipping solutions, further solidifying its revenue base.

Seanergy Maritime Financial Statement Overview

Summary

Seanergy Maritime faces a challenging financial landscape with declining revenue and profitability margins, increased leverage, and significant cash flow issues. The company needs to improve revenue growth, manage costs, and enhance cash flow generation to ensure financial stability and growth.

Income Statement

Seanergy Maritime's income statement shows a mixed performance. The TTM data reflects a decline in revenue growth rate by -3.69%, indicating challenges in maintaining top-line growth. Gross profit margin stands at 46.19%, which is a decrease from the previous year, suggesting pressure on cost management. The net profit margin has also decreased to 10.23% from 25.96% in the previous year, highlighting reduced profitability. However, the company maintains a reasonable EBIT margin of 24.17% and an EBITDA margin of 40.50%, indicating operational efficiency.

Balance Sheet

The balance sheet reveals a stable yet leveraged position. The debt-to-equity ratio has increased to 1.19, indicating higher leverage compared to the previous year. Return on equity has decreased to 5.83%, reflecting reduced profitability for shareholders. The equity ratio is not explicitly provided, but the company's equity position appears stable relative to its assets. Overall, the company needs to manage its debt levels to mitigate financial risk.

Cash Flow

Cash flow analysis shows significant challenges. The free cash flow has declined by 59.10%, indicating potential liquidity issues. The operating cash flow to net income ratio is 0.60, suggesting that cash generation from operations is not fully covering net income. The negative free cash flow to net income ratio of -0.27 highlights the need for improved cash management. The company must focus on enhancing cash flow generation to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	147.72M	167.46M	110.23M	125.02M	153.11M	63.34M
Gross Profit	68.23M	117.18M	40.45M	53.76M	83.16M	7.39M
EBITDA	58.55M	92.45M	45.22M	52.93M	69.33M	17.79M
Net Income	15.11M	43.47M	2.28M	17.24M	41.35M	-18.36M
Balance Sheet
Total Assets	597.57M	545.85M	477.88M	513.60M	486.92M	295.25M
Cash, Cash Equivalents and Short-Term Investments	12.84M	21.87M	19.43M	26.03M	43.00M	22.61M
Total Debt	307.94M	257.87M	232.97M	256.20M	222.75M	184.28M
Total Liabilities	339.82M	283.67M	249.43M	291.90M	242.44M	199.55M
Stockholders Equity	257.74M	262.18M	228.44M	221.70M	244.48M	95.69M
Cash Flow
Free Cash Flow	-19.64M	927.00K	30.83M	-33.16M	-116.56M	-30.00M
Operating Cash Flow	56.19M	75.28M	31.32M	37.29M	80.76M	-9.73M
Investing Cash Flow	-84.71M	-79.37M	17.75M	-56.26M	-184.62M	-21.86M
Financing Cash Flow	15.23M	14.08M	-56.62M	5.83M	127.44M	39.10M

Seanergy Maritime Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHIP, the sentiment is Positive. The current price of 8.05 is below the 20-day moving average (MA) of 9.28, below the 50-day MA of 8.71, and above the 200-day MA of 7.19, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 78.30 is Negative, neither overbought nor oversold. The STOCH value of 93.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SHIP.

Seanergy Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GASS	76 Outperform	$253.67M	3.95	9.65%	―	12.23%	-5.22%
SHIP	70 Outperform	$223.18M	14.53	5.66%	4.98%	-8.99%	-68.66%
TORO	68 Neutral	$76.14M	―	1.44%	―	-42.15%	-99.65%
DSX	65 Neutral	$228.07M	12.09	4.91%	2.27%	-5.45%	139.59%
TOPS	65 Neutral	$27.76M	2.60	7.94%	―	4.77%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EDRY	56 Neutral	$34.17M	-2.32	-11.12%	―	-20.95%	-77.49%

Seanergy Maritime Corporate Events

Seanergy Maritime Announces Q3 2025 Financial Results and Fleet Expansion

On November 13, 2025, Seanergy Maritime Holdings Corp. announced its financial results for the third quarter and nine months ending September 30, 2025. The company reported net revenues of $47.0 million for Q3 2025, an increase from $44.4 million in Q3 2024, and declared a quarterly cash dividend of $0.13 per share, marking the 16th consecutive dividend payout. Despite a decrease in net revenues for the nine-month period compared to 2024, Seanergy advanced its fleet renewal strategy by selling a vintage vessel and placing its first-ever newbuilding Capesize order, which is expected to enhance long-term value and modernization of its fleet.

Seanergy Maritime Elects New Directors and Confirms Auditors at 2025 Shareholder Meeting

At its 2025 Annual Meeting of Shareholders held on October 30, 2025, Seanergy Maritime Holdings Corp. announced the election of Mr. Stamatios Tsantanis and Mr. Elias Culucundis as Class A Directors until the 2028 Annual Meeting. Additionally, the shareholders ratified the appointment of Deloitte Certified Public Accountants S.A. as the company’s independent auditors for the fiscal year ending December 31, 2025. These decisions are expected to strengthen the company’s governance and ensure continued financial oversight, potentially enhancing stakeholder confidence.

Seanergy Maritime Announces 2025 Annual Shareholder Meeting Amid Strong Financial Performance

Seanergy Maritime Holdings Corp. announced its 2025 Annual Meeting of Shareholders scheduled for October 30, 2025, in Glyfada, Greece. The company reported strong financial performance in 2024 with record net revenues and profitability, despite facing a challenging environment characterized by inflation and geopolitical uncertainty. In the first half of 2025, Seanergy navigated a seasonal slowdown but returned to profitability in Q2. The company maintained its shareholder-friendly dividend policy and outperformed the Baltic Capesize Index, highlighting its commitment to operational excellence and sustainable growth. Shareholders will vote on the re-election of directors and the ratification of independent auditors at the upcoming meeting.