Costamare Bulkers Holdings Limited (CMDB) vs Seanergy Maritime Holdings Corp (SHIP)

Costamare Bulkers Holdings Limited and Seanergy Maritime Holdings Corp are both Marine Shipping companies. Costamare Bulkers Holdings Limited is the larger, with a market value of $554.1M against $374.4M — 1.5× the size. Seanergy Maritime Holdings Corp trades at the lower P/E: 5.8× against 13.1×. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs 0.00%) and the higher return on invested capital (9.47% vs 0.00%). Across the 14 metrics below, Seanergy Maritime Holdings Corp leads on 8 and Costamare Bulkers Holdings Limited on 6.

Valuation

Metric CMDB SHIP Marine Shipping median
P/E 13.11 5.80 6.89
P/S n/m 1.80 1.92
P/B 0.78 1.25 0.90
Price to free cash flow 4.01 5.85 4.62
EV/EBITDA n/m 7.71 6.57
EV/Sales n/m 3.29 2.73
Earnings yield 7.63% 17.23% 9.59%
Free cash flow yield 24.96% 17.10% 16.76%

Profitability

Metric CMDB SHIP Marine Shipping median
Gross margin — 69.98% 60.61%
Operating margin — 42.63% 27.74%
Net margin 0.00% 30.97% 25.21%
Free cash flow margin 0.00% 30.73% 17.29%
Return on equity (0.90%) 0.00% 8.62%
Return on assets (0.67%) 9.73% 5.35%
Return on invested capital 0.00% 9.47% 5.32%

Growth

Metric CMDB SHIP Marine Shipping median
Revenue growth (TTM) — 31.98% 13.26%
EPS growth (last fiscal year) (280.65%) (52.13%) —
Revenue growth, 5-year CAGR — 20.07% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CMDB SHIP Marine Shipping median
Debt to equity 0.23 0.94 0.52
Current ratio 3.33 0.00 1.63
Net debt to EBITDA (17.24) 2.87 2.34

Dividend

Metric CMDB SHIP Marine Shipping median
Dividend yield — 13.51% 5.54%
Payout ratio — 0.36 0.13

Size

Metric CMDB SHIP Marine Shipping median
Market cap 554.07m 374.43m 420.73m

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