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Seanergy Maritime Holdings Corp (SHIP) Fair Value & Analysis

Industrials · US · Market cap $328M

SM Seanergy Maritime Holdings Corp logo Seanergy Maritime Holdings Corp SHIP · US
Price$17.50
Fair Value$17.04
Upside-2.6%
Quality37/100
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Strengths

Highly profitable · 21.3% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Mixed Growth
!Moderate moat 55/100
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 $9.98 – $25.23 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 9 days ago

Share price +14.6% over the past month.

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

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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 ($9.98 to $25.23) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$18.17 $3.47 Fair Value $17.04 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $3.47 – $18.17 · fair‑value band $9.98 – $25.23 · the $17.50 price screens above the $17.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Seanergy Maritime Holdings Corp (SHIP) currently trades at $17.50, while our model-based Fair Value estimate is $17.04, implying the stock looks roughly 2.6% fairly valued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Seanergy Maritime Holdings Corp 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 Aug 13, 2026

Our scenario range runs from $9.98 (bear case) to $25.23 (bull case); at $17.50, 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 197% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at -3%, 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 9.7
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 Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 75

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 47
Calm price path (market factor)
Momentum 80
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 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.

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 Corp 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 · 237 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 −3% · 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% · Top 25%
Revenue growth 77% · Top 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.84× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 9.7× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE30 · sector 24
FUTURE100 · sector 20
PAST55 · sector 28
HEALTH58 · sector 89
DIVIDEND66 · sector 53

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

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PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%
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Frequently asked questions

Is Seanergy Maritime Holdings Corp (SHIP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $17.04 versus a price of $17.50, about −3% (fairly valued).
What is the fair value of SHIP?
Our model-based fair value for Seanergy Maritime Holdings Corp is $17.04 (as of Aug 13, 2026), built from audited fundamentals. The current price: $17.50.
What is the quality score of SHIP?
Seanergy Maritime Holdings Corp 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 Corp (SHIP)?
Seanergy Maritime Holdings Corp reported trailing-twelve-month revenue of about $177M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SHIP?
The net profit margin of Seanergy Maritime Holdings Corp 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 Corp pay a dividend?
Seanergy Maritime Holdings Corp currently shows a dividend yield of about 3.96% relative to its recent price (as of Aug 13, 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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