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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 2/10

vs
industry
vs
history
Cash-to-Debt 0.06
SHIP's Cash-to-Debt is ranked lower than
96% of the 806 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.34 vs. SHIP: 0.06 )
Ranked among companies with meaningful Cash-to-Debt only.
SHIP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.11 Max: No Debt
Current: 0.06
Equity-to-Asset 0.12
SHIP's Equity-to-Asset is ranked lower than
96% of the 807 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.45 vs. SHIP: 0.12 )
Ranked among companies with meaningful Equity-to-Asset only.
SHIP' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.37  Med: 0.18 Max: 0.82
Current: 0.12
-1.37
0.82
Piotroski F-Score: 5
Altman Z-Score: -1.83
Beneish M-Score: 1.38
WACC vs ROIC
5.18%
-7.28%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating Margin % -42.45
SHIP's Operating Margin % is ranked lower than
94% of the 801 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.72 vs. SHIP: -42.45 )
Ranked among companies with meaningful Operating Margin % only.
SHIP' s Operating Margin % Range Over the Past 10 Years
Min: -325.66  Med: -42.45 Max: 4070.15
Current: -42.45
-325.66
4070.15
Net Margin % -71.04
SHIP's Net Margin % is ranked lower than
94% of the 809 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.66 vs. SHIP: -71.04 )
Ranked among companies with meaningful Net Margin % only.
SHIP' s Net Margin % Range Over the Past 10 Years
Min: -348.4  Med: -71.04 Max: 3997.41
Current: -71.04
-348.4
3997.41
ROE % -106.81
SHIP's ROE % is ranked lower than
98% of the 798 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.25 vs. SHIP: -106.81 )
Ranked among companies with meaningful ROE % only.
SHIP' s ROE % Range Over the Past 10 Years
Min: -112.49  Med: -22.85 Max: 17.67
Current: -106.81
-112.49
17.67
ROA % -11.39
SHIP's ROA % is ranked lower than
93% of the 818 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.77 vs. SHIP: -11.39 )
Ranked among companies with meaningful ROA % only.
SHIP' s ROA % Range Over the Past 10 Years
Min: -69.52  Med: -4.2 Max: 230.83
Current: -11.39
-69.52
230.83
ROC (Joel Greenblatt) % -7.95
SHIP's ROC (Joel Greenblatt) % is ranked lower than
89% of the 803 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.14 vs. SHIP: -7.95 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SHIP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -73.3  Med: -7.34 Max: 395.88
Current: -7.95
-73.3
395.88
3-Year Revenue Growth Rate -44.10
SHIP's 3-Year Revenue Growth Rate is ranked lower than
99% of the 689 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.60 vs. SHIP: -44.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SHIP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -58.4 Max: -10
Current: -44.1
GuruFocus has detected 2 Warning Signs with Seanergy Maritime Holdings Corp $SHIP.
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» SHIP's 10-Y Financials

Financials (Next Earnings Date: 2017-06-16 Est.)


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Business Description

Industry: Transportation & Logistics » Shipping & Ports    NAICS: 488320    SIC: 4491
Compare:OTCPK:GTMAY, NAS:PXS, NAS:ESEA, NAS:RLOG, OTCPK:GNKOQ, NAS:TOPS, OTCPK:ULTRF, NAS:DRYS, OTCPK:TEUFF, OTCPK:PRGNF, NYSE:NAO, NAS:GLBS, NYSE:GSL, NAS:PANL, NAS:GASS, NYSE:NAP, NYSE:NMM, NYSE:DAC, NYSE:NM, NYSE:SB » details
Traded in other countries:RHSP.Germany,
Headquarter Location:Greece
Seanergy Maritime Holdings Corp is an international shipping company specializing in the seaborne transportation of drybulk commodities. The Company currently own six Capesize and two Supramax vessels.

Seanergy Maritime Holdings Corp was formed under the laws of the Republic of the Marshall Islands on January 4, 2008. The Company provides transportation solutions in the dry bulk shipping sector through its vessel-owning subsidiaries for a range of dry bulk cargoes, including coal, iron ore, and grains or major bulks, as well as bauxite, phosphate, fertilizers and steel products or minor bulks. As of December 31, 2012, it owned and operated a total fleet of 12 dry bulk carrier vessels, consisting of two Panamax, two Supramax and eight Handysize vessels. These ships had a combined carrying capacity of 468,500 dwt and an average age of approximately 14.2 years, out of an expected useful life of 30 years. The Company's main competitors include Eagle Bulk Shipping Inc., Freeseas Inc., Excel Maritime Carriers Ltd., Genco Shipping and Trading Limited, Globus Maritime Limited, Navios Maritime Partners L.P., Paragon Shipping Inc., Safe Bulkers Inc. and Star Bulk Carriers Corp. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are registered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous materials, and the remediation of contamination and liability for damage to natural resources.

Top Ranked Articles about Seanergy Maritime Holdings Corp

Seanergy Maritime Holdings Corp. Rings the NASDAQ Stock Market Opening Bell

ATHENS, GREECE--(Marketwired - Jun 23, 2016) - Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP) announced today that the Company's Chairman & Chief Executive Officer, Stamatis Tsantanis, and Evan Breibart, the Company Sponsor, rang the NASDAQ opening bell today, Thursday, June 23, 2016. The ceremony took place at the Nasdaq MarketSite in Times Square, New York City and can be viewable through the following link:

http://www.seanergymaritime.com/nasdaq About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the ownership and operation of dry bulk vessels. The Company is registered in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company currently owns a modern fleet of a total of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,145,553 DWT and an average fleet age of about 7.6 years. The Company's common stock trades on the Nasdaq Capital Market under the symbol "SHIP." Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy. Words such as "may," "should," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to continue as a going concern; the Company's operating or financial results; the Company's liquidity, including its ability to pay amounts that it owes and obtain additional financing in the future to fund capital expenditures, acquisitions and other general corporate activities; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the SEC, including its most recent annual report on Form 20-F. The Company's filings can be obtained free of charge on the SEC's website at www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.


For further information please contact:



Investor Relations / Media

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1536

New York, NY 10169

Tel: (212) 661-7566

E-mail: [email protected]





Read more...
Seanergy Maritime Holdings Corp. Reports Financial Results for the Three Months Ended March 31, 2016

ATHENS, GREECE--(Marketwired - Jun 16, 2016) - Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP) announced today its financial results for the three months ended March 31, 2016. For the three months ended March 31, 2016, the Company generated net revenues of $7.0 million. As of March 31, 2016 total stockholder's equity was $21.1 million and cash and restricted cash was $2.8 million.  Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "Market conditions in the dry bulk market during the first quarter of 2016 continued to be unfavorable, as the average BDI was 42% lower as compared to the first quarter of 2015. However, during May 2016 the Capesize index was approximately 39% higher than in May 2015. This suggests that changes in iron ore and coal inventory cycles have the capacity to impact the market positively. Furthermore, it should be noted that our fleet's Time Charter Equivalent (TCE) rate outperformed major market indexes, which is particularly important given the difficult market environment during the first quarter. Our Supramax vessels earned a TCE rate of approximately $4,943 in the first quarter of 2016 compared to the average Baltic Supramax Index of $3,801 in the same period. Also during the first quarter of 2016, our six Capesize vessels earned a TCE rate of $3,290 as compared to an average reading of $1,424 for the Baltic Capesize Index." "On a different note, we have agreed to certain amendments to our loan agreements with our lenders that should be highly beneficial in preserving cash flow. Looking forward, we firmly believe that current market conditions represent a unique opportunity to acquire quality tonnage at historically low prices. For that reason, we intend to pursue acquisition opportunities that we believe can further enhance value for our shareholders. We believe that Seanergy is the right platform in the dry bulk listed space in order to capitalize on the recovery of the freight market and asset values." Current Company Fleet:


 
 
 
 
 
 
 
 
 


Vessel Name
 
Vessel Class
 
Capacity

(in DWT)
 
Year Built
 
Yard


Leadership
 
Capesize
 
171,199
 
2001
 
Koyo - Imabari


Geniuship
 
Capesize
 
170,057
 
2010
 
Sungdong SB


Gloriuship
 
Capesize
 
171,314
 
2004
 
Hyundai HI


Squireship
 
Capesize
 
170,018
 
2010
 
Sungdong SB


Championship
 
Capesize
 
179,238
 
2011
 
Sungdong SB


Premiership
 
Capesize
 
170,024
 
2010
 
Sungdong SB


Gladiatorship  
Supramax
 
56,819
 
2010
 
CSC Jinling Shipyard


Guardianship
 
Supramax
 
56,884
 
2011
 
CSC Jinling Shipyard


Total / Average
 
 
 
1,145,553
 
7.6 Years
 
 






 


 


 


Fleet Data:


 
 
 


 
 
Q1 2016


Ownership days (1)
 
728


Available days (2)
 
717


Operating days (3)
 
618


Fleet utilization (4)
 
84.9%


TCE rate (5)
 
$3,765


Daily Vessel Operating Expenses (6)
 
$5,118


 
 
 






 
 


(1)
Ownership days are the total number of days in a period during which the vessels in a fleet have been owned. Ownership days are an indicator of the size of the Company's fleet over a period and affect both the amount of revenues and the amount of expenses that the Company recorded during a period.


 
 


(2)
Available days are the number of ownership days less the aggregate number of days that vessels are off-hire due to major repairs, dry dockings, special and intermediate surveys, or days of vessels in lay-up. The shipping industry uses available days to measure the number of ownership days in a period during which vessels should be capable of generating revenues. During the three months ended March 31, 2016, the Company incurred 11 off-hire days for a vessel in lay-up.


 
 


(3)
Operating days are the number of available days in a period less the aggregate number of days that vessels are off-hire for any reason, including off-hire days between successive voyages, as well as other unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a period during which vessels actually generate revenues. In the three months ended March 31, 2016, the Company incurred 97 off-hire days between voyages and 2 off-hire days due to other unforeseen circumstances.


 
 


(4)
Fleet utilization is the percentage of time that our vessels were generating revenue, and is determined by dividing operating days by ownership days for the relevant period.


 
 


(5)
Time Charter Equivalent (TCE) rate is defined as our net revenue less voyage expenses during a period divided by the number of our operating days during the period. Voyage expenses include port charges, bunker (fuel oil and diesel oil) expenses, canal charges and other commissions. We include TCE rate, a non-GAAP measure, as we believe it provides additional meaningful information in conjunction with net revenues from vessels, the most directly comparable US GAAP measure, and because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their financial performance. Our calculation of TCE rate may not be comparable to that reported by other companies. The following table reconciles our net revenues from vessels to TCE rate.

 
 






 
 
 


(In thousands of US Dollars, except operating days and TCE rate)


 
 
Q1 2016


Net revenues from vessels
 
7,001


Less: Voyage expenses
 
4,674


Net operating revenues
 
2,327


Operating days
 
618


TCE rate
 
3,765


 
 
 






(6)
Vessel operating expenses include crew costs, provisions, deck and engine stores, lubricants, insurance, maintenance and repairs. Daily Vessel Operating Expenses are calculated by dividing vessel operating expenses by ownership days for the relevant time periods. We include daily vessel operating expenses, a non-GAAP measure, as we believe it provides additional meaningful information in conjunction with vessel operating expenses, the most directly comparable US GAAP measure, and because it assists our management in making decisions regarding the assessment of our vessels' operational performance. Our calculation of daily vessel operating expenses may not be comparable to that reported by other companies. The following table reconciles our vessel operating expenses to daily vessel operating expenses.






 


(In thousands of US Dollars, except ownership days and Daily Vessel Operating Expenses)


 
 
Q1 2016


Vessel operating expenses
 
3,726


Ownership days
 
728


Daily Vessel Operating Expenses
 
5,118


 
 
 



First Quarter Developments: Reverse Stock Split and Nasdaq Compliance On January 8, 2016, a 1-for-5 reverse split of the Company's common stock became effective, and the common stock began trading on a split-adjusted basis on the Nasdaq Capital Market. This reduced the number of outstanding shares of the Company's common stock from 97,612,971 shares to 19,522,413 shares, after adjusting for fractional shares. On January 27, 2016, we received a letter from Nasdaq confirming that we had regained compliance with Nasdaq's minimum bid price requirement. Amendments to the Revolving Convertible Promissory Note to the Sponsor On January 27, 2016 and on March 7, 2016, the Company entered into a third and fourth amendment respectively to the unsecured revolving convertible promissory note of September 7, 2015. These amendments increased the amount of the note to approximately $16.3 million (the "Applicable Limit") and further modified the amount by which the Applicable Limit is reduced on September 10, 2017, and each year on the anniversary of that date to $2.5 million. As of March 31, 2016, the Company had drawn down the entire amount available under the note. Subsequent Developments: Supplemental Letter to the HSH Nordbank AG Loan Facility On May 16, 2016, we entered into a supplemental letter to the $44.4 million senior secured loan facility with HSH Nordbank AG, which was entered into on September 1, 2015 to finance the acquisitions of the M/Vs Geniuship and Gloriuship. Effective as of March 1, 2016, the supplemental letter has deferred certain prepayments to June 30, 2018. Supplemental Agreement to the UniCredit Bank AG Facility Agreement On June 3, 2016, we entered into a supplemental agreement to the $52.7 million facility agreement with UniCredit Bank AG, which was entered into on September 11, 2015 to finance the acquisitions of the M/Vs Premiership, Gladiatorship and Guardianship. Effective as of June 13, 2016, the supplemental agreement has split the margin into a cash portion and a non-cash portion. The non-cash portion of the margin will be capitalized and repaid in full by June 30, 2017. In addition, the application of certain covenants is deferred to June 30, 2017. Amendments to the Revolving Convertible Promissory Note to the Sponsor On April 21, 2016 and May 17, 2016, the Company entered into a fifth and sixth amendment respectively to the unsecured revolving convertible promissory note of September 7, 2015. These amendments increased the Applicable Limit to approximately $18.7 million and further modified the amount by which the Applicable Limit is reduced on September 10, 2017, and each year on the anniversary of that date to $2.75 million. As of today, the Company has drawn down the entire amount available under the note.


 


Seanergy Maritime Holdings Corp.


Unaudited Condensed Consolidated Balance Sheets


March 31, 2016 and December 31, 2015


(In thousands of US Dollars)


 
 
 
 
 


 
 
March 31,

2016
 
December 31,

2015


ASSETS
 
 
 
 


 
Cash and restricted cash
 
2,779
 
3,354

 
Vessels, net
 
197,748
 
199,840


 
Other assets
 
5,264
 
6,158


TOTAL ASSETS
 
205,791
 
209,352


 
 
 
 
 


LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 


 
Bank debt
 
177,368
 
177,505


 
Convertible promissory note
 
218
 
134


 
Other liabilities
 
7,108
 
8,429


 
Stockholders' equity
 
21,097
 
23,284


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
 
205,791
 
209,352


 
 
 
 
 


 
 
 
 
 






 
 


Seanergy Maritime Holdings Corp.
 


Unaudited Condensed Consolidated Statements of Operations
 


For the three months ended March 31, 2016 and 2015
 


(In thousands of US Dollars, except for share and per share data, unless otherwise stated)
 


 
 


 
 
Three months ended

March 31,
 


 
 
2016
 
 
2015
 


Revenues:
 
 
 
 
 
 


 
Vessel revenue, net
 
7,001
 
 
-
 


 
 
 
 
 
 
 


Expenses:
 
 
 
 
 
 


 
Voyage expenses
 
(4,674 )
 
(21
)


 
Vessel operating expenses
 
(3,726
)
 
(232
)


 
Management fees
 
(232
)
 
(16
)


 
General and administrative expenses
 
(839
)
 
(683
)


 
Depreciation and amortization
 
(2,220
)
 
(23
)


Operating loss
 
(4,690
)
 
(975
)


Other income (expense):
 
 
 
 
 
 


 
Interest and finance costs, net
 
(2,040
)
 
(24
)


 
Other, net
 
3
 
 
(10
)


Total other expenses, net:
 
(2,037
)
 
(34
)


Net loss
 
(6,727
)
 
(1,009
)


 
 
 
 
 
 
 


Net loss per common share, basic and diluted
 
(0.35
)
 
(0.20
)


Weighted average number of common shares outstanding, basic and diluted
 
19,370,412
 
 
4,926,032
 


 
 
 
 
 
 
 



About Seanergy Maritime Holdings Corp. Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the ownership and operation of dry bulk vessels. The Company is registered in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company currently owns a modern fleet of a total of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,145,553 DWT and an average fleet age of about 7.6 years. The Company's common stock trades on the NASDAQ Capital Market under the symbol "SHIP." Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy. Words such as "may," "should," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to continue as a going concern; the Company's operating or financial results; the Company's liquidity, including its ability to pay amounts that it owes and obtain additional financing in the future to fund capital expenditures, acquisitions and other general corporate activities; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including its most recent annual report on Form 20-F. The Company's filings can be obtained free of charge on the SEC's website at www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:



Investor Relations / Media

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1536

New York, NY 10169

Tel: (212) 661-7566

E-mail: [email protected]





Read more...
Seanergy Maritime Holdings Corp. Sets Date for the First Quarter Ended March 31, 2016 Financial Results

Earnings Release: Thursday, June 16, 2016, Before Market Opens in New York

ATHENS, GREECE--(Marketwired - Jun 14, 2016) - Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP) announced today that it will release its financial results for the first quarter ended March 31, 2016 before the market opens in New York on Thursday, June 16, 2016. About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the ownership and operation of dry bulk vessels. The Company is registered in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company currently owns a modern fleet of a total of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,145,553 DWT and an average fleet age of about 7.6 years. The Company's common stock trades on the Nasdaq Capital Market under the symbol "SHIP." Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy. Words such as "may," "should," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to continue as a going concern; the Company's operating or financial results; the Company's liquidity, including its ability to pay amounts that it owes and obtain additional financing in the future to fund capital expenditures, acquisitions and other general corporate activities; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the SEC, including its most recent annual report on Form 20-F. The Company's filings can be obtained free of charge on the SEC's website at www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.


For further information please contact:


Investor Relations / Media

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1536

New York, NY 10169

Tel: (212) 661-7566

E-mail: [email protected]





Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.58
SHIP's PB Ratio is ranked higher than
64% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.22 vs. SHIP: 0.58 )
Ranked among companies with meaningful PB Ratio only.
SHIP' s PB Ratio Range Over the Past 10 Years
Min: 0.08  Med: 0.67 Max: 12.62
Current: 0.58
0.08
12.62
PS Ratio 0.47
SHIP's PS Ratio is ranked higher than
75% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.07 vs. SHIP: 0.47 )
Ranked among companies with meaningful PS Ratio only.
SHIP' s PS Ratio Range Over the Past 10 Years
Min: 0.15  Med: 0.83 Max: 46.42
Current: 0.47
0.15
46.42
EV-to-EBIT -13.99
SHIP's EV-to-EBIT is ranked lower than
99.99% of the 871 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.84 vs. SHIP: -13.99 )
Ranked among companies with meaningful EV-to-EBIT only.
SHIP' s EV-to-EBIT Range Over the Past 10 Years
Min: -35.9  Med: -1.2 Max: 123
Current: -13.99
-35.9
123
EV-to-EBITDA -30.51
SHIP's EV-to-EBITDA is ranked lower than
99.99% of the 928 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.34 vs. SHIP: -30.51 )
Ranked among companies with meaningful EV-to-EBITDA only.
SHIP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -40  Med: 0.1 Max: 730.2
Current: -30.51
-40
730.2
Current Ratio 1.05
SHIP's Current Ratio is ranked lower than
83% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.19 vs. SHIP: 1.05 )
Ranked among companies with meaningful Current Ratio only.
SHIP' s Current Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.9 Max: 39.23
Current: 1.05
0.23
39.23
Quick Ratio 0.86
SHIP's Quick Ratio is ranked lower than
89% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.09 vs. SHIP: 0.86 )
Ranked among companies with meaningful Quick Ratio only.
SHIP' s Quick Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.86 Max: 39.23
Current: 0.86
0.23
39.23
Days Inventory 25.15
SHIP's Days Inventory is ranked lower than
61% of the 633 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.84 vs. SHIP: 25.15 )
Ranked among companies with meaningful Days Inventory only.
SHIP' s Days Inventory Range Over the Past 10 Years
Min: 12.4  Med: 18.41 Max: 68.68
Current: 25.15
12.4
68.68
Days Sales Outstanding 29.31
SHIP's Days Sales Outstanding is ranked higher than
79% of the 582 Companies
in the Global Shipping & Ports industry.

( Industry Median: 43.32 vs. SHIP: 29.31 )
Ranked among companies with meaningful Days Sales Outstanding only.
SHIP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.06  Med: 6.19 Max: 41.86
Current: 29.31
2.06
41.86

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -109.60
SHIP's 3-Year Average Share Buyback Ratio is ranked lower than
97% of the 397 Companies
in the Global Shipping & Ports industry.

( Industry Median: -2.10 vs. SHIP: -109.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SHIP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -109.6  Med: -66.7 Max: -17.9
Current: -109.6
-109.6
-17.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.58
SHIP's Price-to-Tangible-Book is ranked higher than
65% of the 731 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. SHIP: 0.58 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SHIP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22  Med: 0.87 Max: 6.18
Current: 0.58
0.22
6.18
Price-to-Intrinsic-Value-Projected-FCF 0.34
SHIP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
94% of the 356 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. SHIP: 0.34 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SHIP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.07  Med: 0.26 Max: 0.48
Current: 0.34
0.07
0.48
Price-to-Median-PS-Value 0.56
SHIP's Price-to-Median-PS-Value is ranked higher than
91% of the 684 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.08 vs. SHIP: 0.56 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SHIP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.18  Med: 1.08 Max: 5.93
Current: 0.56
0.18
5.93
Earnings Yield (Greenblatt) % -7.15
SHIP's Earnings Yield (Greenblatt) % is ranked lower than
90% of the 1060 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.78 vs. SHIP: -7.15 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SHIP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.8  Med: 11.5 Max: 4064.5
Current: -7.15
0.8
4064.5

More Statistics

Revenue (TTM) (Mil) $34.66
EPS (TTM) $ -1.20
Beta0.60
Short Percentage of Float5.63%
52-Week Range $0.73 - 8.65
Shares Outstanding (Mil)32.00
» More Articles for SHIP

Headlines

Articles On GuruFocus.com
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Seanergy Maritime Holdings Corp. Announces Availability of Its 2015 Annual Report on Form 20-F Apr 21 2016 

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