Heidmar Maritime Holdings Corp. (HMR) vs Seanergy Maritime Holdings Corp (SHIP)

Heidmar Maritime Holdings Corp. and Seanergy Maritime Holdings Corp are both Marine Shipping companies. Seanergy Maritime Holdings Corp is the larger, with a market value of $374.4M against $106.2M — 3.5× the size. Heidmar Maritime Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; Seanergy Maritime Holdings Corp trades at 5.8×. Heidmar Maritime Holdings Corp. grew revenue faster over the last twelve months: 161.4% against 32.0%. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs −20.1%) and the higher return on invested capital (9.47% vs 0.00%). Across the 18 metrics below, Seanergy Maritime Holdings Corp leads on 13 and Heidmar Maritime Holdings Corp. on 5.

Valuation

Metric HMR SHIP Marine Shipping median
P/E n/m 5.80 6.89
P/S 1.52 1.80 1.92
P/B 9.69 1.25 0.90
Price to free cash flow 7.68 5.85 4.62
EV/EBITDA 19.34 7.71 6.57
EV/Sales 1.11 3.29 2.73
Earnings yield (13.56%) 17.23% 9.59%
Free cash flow yield 13.02% 17.10% 16.76%

Profitability

Metric HMR SHIP Marine Shipping median
Gross margin 59.39% 69.98% 60.61%
Operating margin 5.77% 42.63% 27.74%
Net margin (20.10%) 30.97% 25.21%
Free cash flow margin 23.46% 30.73% 17.29%
Return on equity 0.00% 0.00% 8.62%
Return on assets (22.23%) 9.73% 5.35%
Return on invested capital 0.00% 9.47% 5.32%

Growth

Metric HMR SHIP Marine Shipping median
Revenue growth (TTM) 161.35% 31.98% 13.26%
EPS growth (last fiscal year) (1,264.18%) (52.13%) —
Revenue growth, 5-year CAGR — 20.07% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric HMR SHIP Marine Shipping median
Debt to equity 0.00 0.94 0.52
Current ratio 1.13 0.00 1.63
Net debt to EBITDA 3.89 2.87 2.34

Dividend

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

Size

Metric HMR SHIP Marine Shipping median
Market cap 106.19m 374.43m 420.73m

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