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Seanergy Maritime Holdings (SHIP) Fair Value & Analysis

Industrials · US · Market cap $328M

SM Seanergy Maritime Holdings logo Seanergy Maritime Holdings SHIP · US
Price$16.86
Fair Value$17.04
Upside+1.1%
Quality37/100
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Mixed Growth
Highly profitable · 21.3% net margin
Moderate debt · generates free cash flow
3.96% dividend yield
Ranks above peers (9/14)
Moderate moat 55/100
Evidence: High Range $10.04 – $25.23 Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +16.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($10.04 to $25.23) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$17.82 $3.47 Fair Value $17.04 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range $3.47 – $17.82 · fair‑value band $10.04 – $25.23 · the $16.86 price screens below the $17.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Seanergy Maritime Holdings (SHIP) currently trades at $16.86, while our model-based Fair Value estimate is $17.04, implying the stock looks roughly 1.1% fairly valued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Seanergy Maritime Holdings generated revenue of $177M at a net margin of 21.3%. Revenue grew 77.0% year over year. It earns a return on equity of 13.9%. Net debt stands at $228M. Fundamentals as of Jul 21, 2026

Our scenario range runs from $10.04 (bear case) to $25.23 (bull case); at $16.86, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 186% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 1%, SHIP screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF $1.15 $8.66 $20.37 80
Residual Income $10.05 $10.44 $10.64 76
Rev-Margin DCF $1.41 $9.71 $21.61 74
All 26 models by family
DCF Models
FCF DCF $1.54 $7.64 $22.34 38
Owner Earnings $3.98 $15.33 $35.32 31
5Y Revenue Exit $1.41 $9.81 $22.69 39
5Y EBITDA Exit $16.94 $44.55 $84.74 41
5Y P/E Exit $4.71 $17.62 $33.73 38
10Y Revenue Exit $1.02 $9.17 $21.58 36
10Y EBITDA Exit $11.14 $34.30 $75.72 37
10Y P/E Exit $3.41 $14.51 $32.62 35
Earnings-Based
Graham-Dodd $6.54 $41.32 $57.73 54
Lynch FV $11.93 $17.04 $22.16 50
PEG = 1.0 $11.93 $17.04 $22.16 46
EPV $5.69 $7.55 $9.11 59
Dividend Discount
Gordon GGM $3.40 $6.13 $8.44 70
DDM Multi-Stage $3.40 $5.60 $6.55 61
Multiples
P/E Multiple $15.14 $20.19 $25.23 63
P/S Multiple $10.94 $14.59 $18.24 58
P/B Multiple $12.26 $16.34 $20.43 55
EV/EBIT $16.22 $24.28 $32.34 53
EV/EBITDA $26.80 $38.39 $49.97 54
EV/Revenue $1.23 $5.17 $9.11 43
Asset-Based
NCAV (Graham) $6.49 $8.70 $12.99 50
Growth DCF
Growth DCF $1.15 $8.66 $20.37 80
Rev-Margin DCF $1.41 $9.71 $21.61 74
Economic Profit
Residual Income $10.05 $10.44 $10.64 76
ROIC Compounder $5.69 $7.55 $9.11 72
Growth Earnings
Growth-Adj P/E $16.96 $24.23 $31.50 68

Widest divergence: Growth Earnings ($24.23) versus Dividend Discount ($5.60). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $177M
Revenue growth (YoY) +77.0%
Net margin 21.3%
Return on equity 13.9%
Free cash flow $17.0M FY2025
P/E ratio 8.4
More key figures
Operating margin 27.4%
EPS (TTM) $1.80
Dividend yield 4.0%
EPS growth (YoY) +131%
Net debt $228M FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 79

Profitability 32
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 38
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company was formerly known as Seanergy Merger Corp.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seanergy Maritime Holdings 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.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$158M
Latest YoY
−5.6%
Avg. growth/yr (3Y) 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.
+8.1%
Avg. growth/yr (5Y) 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.
+20.1%
Avg. growth/yr (17Y) 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.
+9.4%
Revenue +0.8%/yr
FY21 $153M
FY22 $125M
FY23 $110M
FY24 $167M
FY25 $158M
Net income −15.8%/yr
FY21 $41.3M
FY22 $17.2M
FY23 $2.3M
FY24 $43.5M
FY25 $20.8M

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Cite: Fair Value Calculator (2026). "Seanergy Maritime Holdings Fair Value". https://www.fairvalue-calculator.com/stock/SHIP

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Marine Shipping · 231 stocks

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.

Quality Score 37 · Bottom 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 21% · Above median
Operating margin (TTM) 27% · Above median
Revenue growth 77% · Top 25%
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.84× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 8.4× · Cheaper than median
P/B 1.17× · Pricier than median
P/S (TTM) 1.86× · Pricier than median
P/FCF 19.3× · Pricier than 75% of peers
EV/EBITDA 5.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 29
FUTURE 100 · sector 18
PAST 55 · sector 27
HEALTH 58 · sector 88
DIVIDEND 79 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Seanergy Maritime Holdings (SHIP) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of $17.04 versus a price of $16.86, about +1% (fairly valued).
What is the fair value of SHIP?
Our model-based fair value for Seanergy Maritime Holdings is $17.04 (as of Jul 21, 2026), built from audited fundamentals. The current price is $16.86.
What is the quality score of SHIP?
Seanergy Maritime Holdings has a Quality Score of 37/100. 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 revenue of Seanergy Maritime Holdings (SHIP)?
Seanergy Maritime Holdings reported trailing-twelve-month revenue of about $177M (latest available figure, as of Jul 21, 2026).
What is the net profit margin of SHIP?
The net profit margin of Seanergy Maritime Holdings is about 21.3%, meaning it keeps roughly 21.3% of revenue as net income. Based on the latest reported figures.
Does Seanergy Maritime Holdings pay a dividend?
Seanergy Maritime Holdings currently shows a dividend yield of about 3.96% relative to its recent price (as of Jul 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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