Seanergy Maritime (NASDAQ: SHIP) is one of 44 public companies in the “Deep sea foreign transportation of freight” industry, but how does it contrast to its peers? We will compare Seanergy Maritime to similar businesses based on the strength of its valuation, dividends, institutional ownership, earnings, risk, profitability and analyst recommendations.

Analyst Ratings

This is a summary of recent ratings and target prices for Seanergy Maritime and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Seanergy Maritime 0 0 1 0 3.00
Seanergy Maritime Competitors 455 1076 1165 27 2.28

Seanergy Maritime presently has a consensus price target of $2.50, suggesting a potential upside of 318.83%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 51.41%. Given Seanergy Maritime’s stronger consensus rating and higher probable upside, research analysts clearly believe Seanergy Maritime is more favorable than its peers.

Volatility & Risk

Seanergy Maritime has a beta of 0.8, suggesting that its share price is 20% less volatile than the S&P 500. Comparatively, Seanergy Maritime’s peers have a beta of 0.97, suggesting that their average share price is 3% less volatile than the S&P 500.

Institutional and Insider Ownership

0.1% of Seanergy Maritime shares are held by institutional investors. Comparatively, 50.3% of shares of all “Deep sea foreign transportation of freight” companies are held by institutional investors. 18.4% of shares of all “Deep sea foreign transportation of freight” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares Seanergy Maritime and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Seanergy Maritime -20.25% -34.05% -4.09%
Seanergy Maritime Competitors -20.67% -1.95% -0.80%

Earnings & Valuation

This table compares Seanergy Maritime and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Seanergy Maritime $74.83 million -$3.23 million -1.99
Seanergy Maritime Competitors $320.78 million -$32.25 million 1.48

Seanergy Maritime’s peers have higher revenue, but lower earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Seanergy Maritime peers beat Seanergy Maritime on 8 of the 13 factors compared.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of March 9, 2018, it owned a fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tons and an average fleet age of 8.9 years. The company was formerly known as Seanergy Maritime Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was founded in 2008 and is headquartered in Athens, Greece.

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