Ardmore Shipping Corporation (ASC) vs Seanergy Maritime Holdings Corp (SHIP)

Ardmore Shipping Corporation and Seanergy Maritime Holdings Corp are both Marine Shipping companies. Ardmore Shipping Corporation is the larger, with a market value of $698.2M against $300.1M — 2.3× the size. Seanergy Maritime Holdings Corp trades at the lower P/E: 4.9× against 6.4×. Seanergy Maritime Holdings Corp grew revenue faster over the last twelve months: 32.0% against 21.2%. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs 29.3%) and the lower return on invested capital (9.47% vs 9.58%). Both pay a dividend; Ardmore Shipping Corporation yields more (8.02% vs 6.34%). Across the 22 metrics below, Ardmore Shipping Corporation leads on 13 and Seanergy Maritime Holdings Corp on 9.

Valuation

Metric ASC SHIP Marine Shipping median
P/E 6.35 4.86 7.37
P/S 1.86 1.50 1.71
P/B 1.02 1.04 0.85
Price to free cash flow 4.88 4.89 4.11
EV/EBITDA 4.69 7.02 5.98
EV/Sales 1.91 2.99 2.47
Earnings yield 15.74% 20.59% 13.14%
Free cash flow yield 20.50% 20.43% 19.49%

Profitability

Metric ASC SHIP Marine Shipping median
Gross margin 46.92% 69.98% 60.61%
Operating margin 28.58% 42.63% 27.74%
Net margin 29.30% 30.97% 25.21%
Free cash flow margin 38.18% 30.73% 18.27%
Return on equity 16.72% 0.00% 8.04%
Return on assets 13.93% 9.73% 5.13%
Return on invested capital 9.58% 9.47% 5.17%

Growth

Metric ASC SHIP Marine Shipping median
Revenue growth (TTM) 21.15% 31.98% 10.81%
EPS growth (last fiscal year) (71.24%) (52.13%) (20.39%)
Revenue growth, 5-year CAGR 7.11% 20.07% 11.95%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASC SHIP Marine Shipping median
Debt to equity 0.09 0.94 0.44
Current ratio 5.26 0.00 1.67
Net debt to EBITDA 0.92 2.87 2.34

Dividend

Metric ASC SHIP Marine Shipping median
Dividend yield 8.02% 6.34% 4.83%
Payout ratio 0.51 0.31 0.30

Size

Metric ASC SHIP Marine Shipping median
Market cap 698.15m 300.10m 435.67m

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