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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Seanergy Maritime Holdings Corp operates dry bulk carriers that transport commodities worldwide. Long-term growth drivers include global commodity demand, freight-rate recovery in the shipping cycle, and fleet utilization or modernization trends that could support revenues; the company may appeal to investors seeking exposure to cyclical upside in bulk shipping and potential gains from improving charter markets.
Major risks include volatile freight rates and shipping-cycle exposure, company-level leverage and liquidity pressures, costs and operational impact of environmental regulations on an older fleet, and sensitivity to global trade and geopolitical disruptions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 17.24M | 41.35M | -18.36M | -11.70M | -21.06M |
| Net income | 17.24M | 41.35M | -28.84M | -11.75M | -21.06M |
| Selling general administrative | 18.78M | 13.74M | 6.61M | 5.99M | 6.50M |
| Gross profit | 48.88M | 80.36M | 7.39M | 19.02M | 19.08M |
| Reconciled depreciation | 23.42M | 17.15M | 12.72M | 11.02M | 10.88M |
| Ebit | 9.50M | 47.96M | -0.27M | 0.92M | 0.63M |
| Ebitda | 32.92M | 65.11M | -0.28M | 11.93M | 11.51M |
| Depreciation and amortization | 23.42M | 17.15M | -0.01M | 11.02M | 10.88M |
| Operating income | 9.50M | 47.96M | -0.27M | 0.92M | 4.28M |
| Other operating expenses | 94.92M | 87.92M | 63.61M | 74.46M | 79.98M |
| Interest expense | 13.97M | 17.62M | 23.22M | 23.63M | 25.30M |
| Tax provision | -0.03M | 0.00M | 0.00M | 0.05M | 0.02M |
| Interest income | 1.36M | 0.16M | 0.21M | 0.21M | 0.08M |
| Net interest income | -13.97M | -17.62M | -23.22M | -23.63M | -25.21M |
| Income tax expense | -0.03M | 0.39M | 10.48M | 0.05M | 0.02M |
| Total revenue | 125.02M | 153.11M | 63.34M | 86.50M | 91.52M |
| Total operating expenses | 18.78M | 15.17M | 7.66M | 6.98M | 7.54M |
| Cost of revenue | 76.14M | 72.75M | 55.95M | 67.48M | 72.44M |
| Total other income expense net | 7.74M | -6.61M | -18.09M | -12.62M | -7.30M |
| Net income from continuing ops | 17.24M | 41.35M | -18.36M | -11.70M | -21.06M |
| Net income applicable to common shares | 17.24M | 41.35M | -18.36M | -11.70M | -21.06M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 477.88M | 513.60M | 486.92M | 295.25M | 282.55M |
| Other current assets | 2.89M | 1.07M | 0.43M | 0.67M | 1.25M |
| Total liab | 249.43M | 291.90M | 242.44M | 199.55M | 252.69M |
| Total stockholder equity | 228.44M | 221.70M | 244.48M | 95.69M | 29.86M |
| Deferred long term liab | - | - | 8.61M | 4.40M | 4.68M |
| Other current liab | 8.23M | 12.92M | 5.17M | 2.99M | -181.93M |
| Common stock | 0.00M | 0.00M | 0.02M | 0.01M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.02M | 0.01M | 0.00M |
| Retained earnings | -361.69M | -361.99M | -353.25M | -394.60M | -376.24M |
| Other liab | - | 36.20M | 19.70M | 3.22M | 3.07M |
| Other assets | - | 18.74M | 13.73M | 6.74M | 6.03M |
| Cash | 19.43M | 32.48M | 47.13M | 23.65M | 14.55M |
| Total current liabilities | 69.52M | 94.65M | 88.03M | 30.76M | 24.24M |
| Current deferred revenue | 2.14M | 14.92M | 7.74M | 4.51M | 4.30M |
| Net debt | 213.54M | 282.20M | 175.62M | 160.63M | 183.12M |
| Short term debt | 53.66M | 58.98M | 69.36M | 19.56M | 185.76M |
| Short long term debt | 31.78M | 58.87M | 69.24M | 19.42M | 185.65M |
| Short long term debt total | 232.97M | 314.68M | 222.75M | 184.28M | 197.67M |
| Other stockholder equity | 590.13M | 583.69M | 597.71M | 490.28M | 406.10M |
| Property plant equipment | - | 462.38M | 426.06M | 257.95M | 254.59M |
| Total current assets | 25.09M | 32.48M | 47.13M | 23.65M | 14.55M |
| Net tangible assets | - | 221.70M | 244.48M | 95.69M | 29.86M |
| Short term investments | - | 0.00M | 1.50M | 1.60M | - |
| Net receivables | 1.20M | 1.55M | -1.88M | 0.80M | 1.76M |
| Long term debt | 179.01M | 255.70M | 222.75M | 184.28M | 12.02M |
| Inventory | 1.56M | 2.00M | 1.45M | 4.65M | 3.86M |
| Accounts payable | 5.49M | 7.83M | 5.76M | 3.71M | 16.11M |
| Accumulated other comprehensive income | 0.00M | - | - | -51.13M | -38.50M |
| Common stock total equity | - | - | - | 0.01M | 0.00M |
| Non currrent assets other | 6.43M | 18.74M | 13.73M | 14.86M | 14.22M |
| Non current assets total | 452.79M | 481.12M | 439.80M | 271.59M | 268.00M |
| Capital lease obligations | 22.18M | 0.50M | 0.65M | 0.84M | 0.43M |
| Long term debt total | - | - | - | - | 12.02M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -56.26M | -184.62M | -1.60M | -1.60M | -1.60M |
| Change to liabilities | 0.00M | 1.34M | -12.48M | 8.16M | 4.65M |
| Total cashflows from investing activities | -56.26M | -184.62M | -21.86M | -12.35M | -8.83M |
| Net borrowings | 25.10M | 34.31M | -31.01M | -6.18M | 0.66M |
| Total cash from financing activities | 5.83M | 127.44M | 39.10M | 6.35M | -0.49M |
| Change to operating activities | - | -3.68M | 2.14M | -7.39M | -2.46M |
| Net income | 17.24M | 41.35M | -18.36M | -11.70M | -21.06M |
| Change in cash | -13.15M | 23.57M | 7.50M | 7.11M | -3.60M |
| Begin period cash flow | 45.63M | 22.05M | 14.55M | 7.44M | 11.04M |
| End period cash flow | 32.48M | 45.63M | 22.05M | 14.55M | 7.44M |
| Total cash from operating activities | 37.29M | 80.76M | -9.73M | 13.11M | 5.72M |
| Issuance of capital stock | 0.07M | 98.55M | 73.75M | 13.22M | 0.00M |
| Depreciation | 23.42M | 17.15M | 12.72M | 11.02M | 10.88M |
| Other cashflows from investing activities | - | - | - | - | 22.65M |
| Dividends paid | -17.92M | -179.55M | 17.92M | 17.92M | - |
| Change to inventory | -0.84M | 3.20M | -0.79M | 1.43M | -0.49M |
| Change to account receivables | -0.84M | 0.80M | 0.96M | 0.84M | -0.51M |
| Sale purchase of stock | 0.00M | -1.71M | - | 13.22M | - |
| Other cashflows from financing activities | 123.38M | 356.40M | 18.86M | 10.72M | 67.98M |
| Change to netincome | -8.25M | 11.26M | -3.08M | 1.31M | 8.56M |
| Capital expenditures | 70.45M | 197.32M | 20.26M | 12.35M | 31.48M |
| Change in working capital | -16.79M | 1.66M | -10.17M | 3.04M | 1.19M |
| Stock based compensation | 7.18M | 5.10M | 0.87M | 1.31M | 1.29M |
| Other non cash items | 6.23M | 9.34M | 10.76M | 9.44M | 6.15M |
| Free cash flow | -33.16M | -116.56M | -30.00M | 0.76M | -25.76M |
Sector: Industrials Industry: Marine Shipping
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SHIP Seanergy Maritime Holdings Corp |
0.27 1.95% |
14.12 | 12.64 | 2.21 | 1.62 | 0.78 | 3.56 | 8.67 |
| AMKAF AP Moeller - Maersk A/S A |
- -% |
3012.51 | 13.59 | 2500.00 | 0.66 | 0.63 | 0.79 | 3.81 |
| AMKBY AP Moeller-Maersk AS |
-0.44 2.84% |
15.06 | 13.25 | 2500.00 | 0.65 | 0.63 | 0.80 | 3.88 |
| AMKBF A.P. Møller - Mærsk A/S |
- -% |
3086.00 | 12.94 | 2500.00 | 0.63 | 0.60 | 0.79 | 3.81 |
| ICTEF International Container Terminal Services Inc |
- -% |
12.96 | 28.04 | 22.42 | 8.70 | 17.16 | 9.66 | 15.21 |
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.
154 Vouliagmenis Avenue, Glyfada, Greece, 166 74
30 213 01 81 507
81
| Name | Title | Year Born |
|---|---|---|
| Mr. Stamatios Tsantanis | Chairman & CEO | 1972 |
| Mr. Stavros Gyftakis | Chief Financial Officer | 1979 |
| Mr. Stelios Psillakis | Technical Director | NA |
| Ms. Theodora Mitropetrou | Gen. Counsel & Corp. Sec. | NA |
| Ms. Theodora Mitropetrou | General Counsel & Corporate Secretary | NA |
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