United Maritime Corp. (USEA) AI Stock Analysis

• Market Cap: $15.65M
• Dividend Yield: 7.12%
• Average Volume (3M): 22.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: -7.89%
• EPS Growth: -186.18%
• Country: US
• Employees: 6
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.02
• Shares Outstanding: 9,204,267
• 10 Day Avg. Volume: 19,463
• 30 Day Avg. Volume: 22,441
• PEG Ratio: <0.01
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 5.00
• Enterprise Value/Market Cap: 6.22
• Enterprise Value/Revenue: 2.28
• Enterprise Value/Gross Profit: 9.31
• Enterprise Value/Ebitda: 9.05
• 1Y Price Target: $2.50
• Price Target Upside: 42.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $1.50 ▼(-14.29% Downside)

United Maritime Corp.'s overall stock score is driven by a mixed financial performance with significant challenges in profitability and cash flow. Technical analysis provides a moderately positive outlook, while the earnings call indicates potential for future growth. Valuation is mixed, with a high dividend yield but negative P/E ratio. The company's ability to address financial challenges and capitalize on market recovery will be crucial for future performance.

Positive Factors

Strategic Vessel Sales

Strategic vessel sales enhance liquidity and optimize the fleet, positioning the company for better operational efficiency and financial flexibility.

Operational Efficiency

Improved operational efficiency through cost reductions enhances margins and competitiveness, supporting long-term profitability in a challenging market.

Dividend Declaration

Consistent dividend payments reflect financial stability and management's commitment to returning value to shareholders, enhancing investor confidence.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative cash flow highlights liquidity challenges, which can strain operations and limit the company's ability to weather market downturns.

Revenue Decline

Declining revenue indicates market challenges and softer demand, which could pressure margins and hinder growth if not addressed.

United Maritime Corp. Business Overview & Revenue Model

Company Description

United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide. It owns one Capesize dry bulk vessel having a carrying capacity of 171,314 deadweight tons. The company was incorporated in 2022 and is based in Glyfada, Greece. United Maritime Corporation operates independently of Seanergy Maritime Holdings Corp. as of July 5, 2022.

How the Company Makes Money

United Maritime Corp. generates revenue primarily through the chartering of its fleet to various shipping companies and logistics providers. The company operates on a revenue model that includes time charters and spot charters, allowing it to secure stable income streams. In time charters, vessels are leased for a specified period at a fixed rate, providing predictable cash flow, while spot charters involve short-term contracts based on current market rates, potentially yielding higher profits during favorable market conditions. Additionally, USEA may engage in partnerships with other shipping firms and logistics companies to enhance its service offerings and optimize vessel utilization, which further contributes to its earnings. The company's strategic focus on maintaining a modern, efficient fleet helps reduce operational costs and increase competitiveness in the shipping market.

United Maritime Corp. Financial Statement Overview

Summary

United Maritime Corp. shows potential in revenue growth but faces profitability and cash flow challenges. High leverage is a concern, though a substantial equity base offers some stability. Improvement in operational efficiency and cash flow stabilization is crucial.

Income Statement

United Maritime Corp. shows fluctuating revenue growth with a notable increase in total revenue from 2019 to 2024. However, the company reported a net loss in 2024, indicating challenges in profitability. The gross profit margin improved significantly in 2024, yet the net profit margin turned negative, reflecting cost pressures or inefficiencies. EBIT and EBITDA margins remain modest, suggesting room for enhanced operational efficiency.

Balance Sheet

The balance sheet reveals a high level of debt, with a debt-to-equity ratio exceeding 1.5 in 2024, raising leverage concerns. However, the company maintains a substantial equity base, with an equity ratio of 34.9% in 2024. Return on Equity has been volatile, impacted by negative net income in 2024, but the company demonstrated resilience in sustaining equity levels over the years.

Cash Flow

Cash flow analysis indicates significant volatility, with free cash flow remaining negative in recent years, highlighting liquidity challenges. The operating cash flow to net income ratio is concerning, as operating cash flow turned zero in 2024, suggesting difficulties in core business cash generation. The company must address these cash flow issues to stabilize its financial position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	42.63M	45.44M	36.07M	22.78M	7.40M	4.12M
Gross Profit	10.46M	23.92M	3.26M	10.46M	3.87M	1.70M
EBITDA	10.77M	13.30M	2.38M	41.84M	3.67M	2.56M
Net Income	-6.22M	-3.38M	221.00K	37.49M	2.17M	1.09M
Balance Sheet
Total Assets	161.08M	172.07M	174.81M	125.66M	13.43M	13.94M
Cash, Cash Equivalents and Short-Term Investments	3.05M	6.41M	13.80M	54.73M	765.48K	406.01K
Total Debt	83.83M	97.72M	95.95M	42.61M	5.38M	6.09M
Total Liabilities	100.81M	111.98M	108.94M	61.09M	6.39M	6.63M
Stockholders Equity	56.73M	60.09M	65.87M	64.57M	7.04M	7.31M
Cash Flow
Free Cash Flow	0.00	3.02M	-87.98M	-86.78M	3.60M	-455.39K
Operating Cash Flow	-2.13M	3.26M	-6.23M	6.74M	3.66M	-444.61K
Investing Cash Flow	23.59M	7.95M	-59.14M	36.33M	-56.07K	-10.78K
Financing Cash Flow	-22.42M	-18.95M	9.94M	55.57M	-3.24M	-730.95K

United Maritime Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For USEA, the sentiment is Positive. The current price of 1.75 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.64, and above the 200-day MA of 1.53, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 59.66 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for USEA.

United Maritime Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSHG	73 Outperform	$23.62M	0.95	21.39%	―	-7.48%	3.08%
CISS	73 Outperform	$1.73M	0.08	11.07%	―	-19.83%	-99.27%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
USEA	56 Neutral	$15.65M	―	-10.32%	7.12%	-7.89%	-186.18%
CTRM	52 Neutral	$20.68M	2.34	-8.88%	―	-19.63%	-144.86%
GLBS	49 Neutral	$22.02M	61.24	-3.35%	―	11.80%	-186.40%
OP	46 Neutral	$8.84M	―	-20.19%	―	35.58%	-119.92%

United Maritime Corp. Corporate Events

United Maritime Corp. Announces October 2025 Shareholder Meeting Amid Strategic Developments

On September 25, 2025, United Maritime Corporation announced its upcoming Annual Meeting of Shareholders scheduled for October 30, 2025. The company highlighted its resilience in navigating a challenging economic environment and its commitment to shareholder returns, having declared consecutive quarterly dividends. United Maritime is advancing its fleet modernization strategy by divesting older vessels and investing in a newbuilding offshore energy construction vessel, aiming to capitalize on the evolving energy sector. The meeting will address proposals including the re-election of a director, auditor ratification, and potential reverse stock splits, emphasizing the importance of shareholder participation.

United Maritime Reports Q2 2025 Financial Results and Strategic Moves

United Maritime Corporation announced its financial results for the second quarter and first half of 2025, revealing a net revenue of $12.5 million for Q2, slightly up from $12.4 million in the same period of 2024. The company declared a quarterly cash dividend of $0.03 per share, marking the 11th consecutive quarterly distribution. Despite a net income of $1.0 million for Q2 2025, the first half of the year saw a net loss of $3.5 million, attributed to lower revenues and adjusted EBITDA compared to the previous year. The company also reported strategic moves including the sale of older vessels, which is expected to release $17.9 million in liquidity, and an increased equity stake in an offshore investment, aligning with its strategy to diversify earnings and optimize its fleet.