Seanergy Maritime Holdings Corp (SHIP) vs SEACOR Marine Holdings Inc. (SMHI)

Seanergy Maritime Holdings Corp and SEACOR Marine Holdings Inc. are both Marine Shipping companies. Seanergy Maritime Holdings Corp is the larger, with a market value of $374.4M against $239.0M — 1.6× the size. SEACOR Marine Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Seanergy Maritime Holdings Corp trades at 5.8×. Seanergy Maritime Holdings Corp grew revenue faster over the last twelve months: 32.0% against −17.5%. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs −8.62%) and the higher return on invested capital (9.47% vs 2.93%). Across the 20 metrics below, Seanergy Maritime Holdings Corp leads on 11 and SEACOR Marine Holdings Inc. on 9.

Valuation

Metric SHIP SMHI Marine Shipping median
P/E 5.80 n/m 6.89
P/S 1.80 1.08 1.92
P/B 1.25 0.90 0.90
Price to free cash flow 5.85 3.49 4.62
EV/EBITDA 7.71 6.80 6.57
EV/Sales 3.29 2.16 2.73
Earnings yield 17.23% (8.02%) 9.59%
Free cash flow yield 17.10% 28.65% 16.76%

Profitability

Metric SHIP SMHI Marine Shipping median
Gross margin 69.98% 17.03% 60.61%
Operating margin 42.63% 10.69% 27.74%
Net margin 30.97% (8.62%) 25.21%
Free cash flow margin 30.73% 30.99% 17.29%
Return on equity 0.00% (6.98%) 8.62%
Return on assets 9.73% (2.76%) 5.35%
Return on invested capital 9.47% 2.93% 5.32%

Growth

Metric SHIP SMHI Marine Shipping median
Revenue growth (TTM) 31.98% (17.49%) 13.26%
EPS growth (last fiscal year) (52.13%) 62.41% —
Revenue growth, 5-year CAGR 20.07% 9.94% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SHIP SMHI Marine Shipping median
Debt to equity 0.94 1.27 0.52
Current ratio 0.00 2.38 1.63
Net debt to EBITDA 2.87 3.90 2.34

Dividend

Metric SHIP SMHI Marine Shipping median
Dividend yield 13.51% — 5.54%
Payout ratio 0.36 0.00 0.13

Size

Metric SHIP SMHI Marine Shipping median
Market cap 374.43m 239.04m 420.73m

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