Seanergy Maritime Holdings Corp (SHIP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Seanergy Maritime Holdings Corp stock $25.53, price $14.12, upside +80.8%, quality 38 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $3.47 – $18.92 · fair‑value band $12.39 – $36.87 · the $14.12 price screens below the $25.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates 18 Capesize and two Newcastlemax dry bulk vessels with a cargo-carrying capacity of approximately 3,633,861 deadweight tons.
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The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.
Stock analysis
Seanergy Maritime Holdings Corp (SHIP) currently trades at $14.12, while our model-based Fair Value estimate is $25.53, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $28.36 per share, and 18 of the 26 models we run sit above the $14.12 price.
Bear case: the Dividend Discount group reads lowest at $5.56, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $12.39 (bear) to $36.87 (bull), the price of $14.12 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Seanergy Maritime Holdings Corp reported revenue of $158M in FY2025 versus $153M in FY2021, a compound +0.8%/yr. Reported net income was $20.8M in FY2025, compounding −15.8%/yr from FY2021.
Key figures
Market cap $304M Small · P/E ratio 4.9 · P/S ratio 1.57 · EPS (TTM) $2.87 · Dividend yield 6.2% · Net margin 31.5% · Return on equity 21.4% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 72% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 81%, SHIP screens cheaper than that median.
Fair Value models
Bear$12.39Fair Value $25.53Bull$36.87
Price $14.12 · Upside +80.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.71 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
SaleChristina AnagnostaraDirector15,000 shares at $17.19$257,850Aug 6, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Start year 2020 (pandemic). Over 10 years: +30.3% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.0%
Dividend (yield on the price)6.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−14.0% vs −67.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 26%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 43.9%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.4% a year for the price and +1.0% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+80.8% · Top 25%
Profitability
Return on equity (12 months)21.4% · Top 25%
Return on assets3.4% · Below median
Net margin (12 months)31.5% · Top 25%
Operating margin (12 months)46.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)48.6% · Top 25%
Dividend yield (12 months)6.2% · Top 25%
Balance sheet
Debt / equity0.84× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)4.9× · Cheapest 25%
P/B1.08× · Cheaper than median
P/S (12 months)1.57× · Cheaper than median
Price / free cash flow (fiscal year)17.9× · Pricier than median
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Is Seanergy Maritime Holdings Corp (SHIP) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $25.53 versus a price of $14.12, about +81% upside (undervalued).
What is the fair value of SHIP?
Our model-based fair value for Seanergy Maritime Holdings Corp is $25.53 (as of Nov 7, 2026), built from audited fundamentals. The current price: $14.12.
What is the quality score of SHIP?
Seanergy Maritime Holdings Corp has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Seanergy Maritime Holdings Corp (SHIP)?
Our model-based price target is the fair value of $25.53 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $12.39, optimistic scenario $36.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Seanergy Maritime Holdings Corp stock forecast for 2026?
Our models put fair value at $25.53, about +81% upside versus a price of $14.12 (undervalued). Cautious scenario $12.39, optimistic scenario $36.87. The calculation is refreshed regularly with new filings.
What is the revenue of Seanergy Maritime Holdings Corp (SHIP)?
Seanergy Maritime Holdings Corp reported trailing-twelve-month revenue of about $194M (latest available figure, as of Nov 7, 2026).
Does Seanergy Maritime Holdings Corp pay a dividend?
Seanergy Maritime Holdings Corp currently shows a dividend yield of 6.23% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Seanergy Maritime Holdings Corp (SHIP) and when is the ex-dividend date?
Seanergy Maritime Holdings Corp pays a dividend of $0.88 per share a year, a dividend yield of 6.2%. The last ex-dividend date was Sep 25, 2026. A dividend has been paid every year since 2022. The payout ratio is 30.7% of earnings. Free cash flow covers the dividend 0.89 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Seanergy Maritime Holdings Corp (SHIP)?
For today's price to be fair in a discounted-cash-flow model, Seanergy Maritime Holdings Corp would have to grow free cash flow by +22.3 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SHIP use?
Our models discount Seanergy Maritime Holdings Corp at 11.5 %: a base by market capitalisation (small), damped by beta 1.08, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Seanergy Maritime Holdings Corp that is +22.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Seanergy Maritime Holdings Corp (SHIP) delivered so far?
Over the past 5 years revenue at Seanergy Maritime Holdings Corp grew +20.1 % a year. The price currently implies free-cash-flow growth of +22.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Seanergy Maritime Holdings Corp (SHIP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Seanergy Maritime Holdings Corp (+22.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seanergy Maritime Holdings Corp (SHIP)?
The free-cash-flow yield on the price is 5.71 %: that much free cash flow Seanergy Maritime Holdings Corp produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seanergy Maritime Holdings Corp (SHIP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seanergy Maritime Holdings Corp it is $25.53 per share (as of Nov 7, 2026), against a price of $14.12. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Seanergy Maritime Holdings Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SHIP trades below its calculated fair value: price $14.12, fair value $25.53, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SHIP?
No. The price is what the market pays today ($14.12); the fair value is what the company's own numbers justify ($25.53). For Seanergy Maritime Holdings Corp the two are $11.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is Seanergy Maritime Holdings Corp worth?
The market values Seanergy Maritime Holdings Corp at about $304M (market capitalisation, as of Nov 7, 2026). Per share that is $14.12; our models calculate a fair value of $25.53 per share.
What do the bullish and bearish scenarios say about SHIP?
Our models span a range for Seanergy Maritime Holdings Corp: cautious scenario $12.39, base $25.53, optimistic $36.87 per share (as of Nov 7, 2026, price $14.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHIP?
Seanergy Maritime Holdings Corp trades at a price-to-earnings ratio of 4.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $25.53 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.6, EV/EBITDA 4.7.
How solid is the balance sheet of Seanergy Maritime Holdings Corp (SHIP)?
Balance-sheet figures for Seanergy Maritime Holdings Corp (as of Nov 7, 2026): return on equity 21.4%, debt of 0.84 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is SHIP from its 52-week high?
Seanergy Maritime Holdings Corp trades at $14.12, about 25% below its 52-week high of $18.92 and 72% above the low of $8.22 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $25.53 is for.
Which stocks are comparable to Seanergy Maritime Holdings Corp?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Seanergy Maritime Holdings Corp stock attractive at the current price?
The data as of Nov 7, 2026: price $14.12, calculated fair value $25.53 (+81%), Quality Score 38/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SHIP calculated?
We run Seanergy Maritime Holdings Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $25.53 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Seanergy Maritime Holdings Corp currently trades 45% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Seanergy Maritime Holdings Corp (SHIP)?
The closing price on Nov 6, 2026 was $14.12. Our model-based fair value is $25.53, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seanergy Maritime Holdings Corp right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide ($12.39 to $36.87). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Seanergy Maritime Holdings Corp
How large is the market capitalisation of Seanergy Maritime Holdings Corp (SHIP)?
The market capitalisation of Seanergy Maritime Holdings Corp is $304M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Seanergy Maritime Holdings Corp (SHIP)?
The price-to-sales ratio of Seanergy Maritime Holdings Corp is 1.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Seanergy Maritime Holdings Corp (SHIP)?
Earnings per share at Seanergy Maritime Holdings Corp are $2.87 (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seanergy Maritime Holdings Corp (SHIP)?
The dividend yield of Seanergy Maritime Holdings Corp is 6.2% (payout 30.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Seanergy Maritime Holdings Corp (SHIP)?
The net margin of Seanergy Maritime Holdings Corp is 31.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Seanergy Maritime Holdings Corp (SHIP)?
The return on equity (ROE) of Seanergy Maritime Holdings Corp is 21.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Seanergy Maritime Holdings Corp (SHIP)?
On an EBIT basis the return on assets of Seanergy Maritime Holdings Corp is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Seanergy Maritime Holdings Corp (SHIP)?
The operating margin of Seanergy Maritime Holdings Corp is 46.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seanergy Maritime Holdings Corp (SHIP)?
Revenue at Seanergy Maritime Holdings Corp is growing +48.6% versus a year earlier (3y avg +8.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Seanergy Maritime Holdings Corp (SHIP)?
Earnings per share at Seanergy Maritime Holdings Corp are growing +784% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seanergy Maritime Holdings Corp (SHIP) carry?
The net debt of Seanergy Maritime Holdings Corp is $228M (fiscal year 2025, ≈ 13.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026