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Seanergy Maritime Holdings

DB:RHSQ
Snowflake Description

High growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RHSQ
DB
$14M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. The last earnings update was 72 days ago. More info.


Add to Portfolio Compare Print
  • Seanergy Maritime Holdings has significant price volatility in the past 3 months.
RHSQ Share Price and Events
7 Day Returns
15.5%
DB:RHSQ
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-95.5%
DB:RHSQ
6.2%
Europe Shipping
3%
DE Market
RHSQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seanergy Maritime Holdings (RHSQ) 15.5% -3.6% -5.7% -95.5% -98.6% -99.5%
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • RHSQ underperformed the Shipping industry which returned 6.2% over the past year.
  • RHSQ underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
RHSQ
Industry
5yr Volatility vs Market

RHSQ Value

 Is Seanergy Maritime Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Seanergy Maritime Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.476.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Seanergy Maritime Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seanergy Maritime Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RHSQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-6.53
NasdaqCM:SHIP Share Price ** NasdaqCM (2019-10-11) in USD $0.55
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Seanergy Maritime Holdings.

DB:RHSQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SHIP Share Price ÷ EPS (both in USD)

= 0.55 ÷ -6.53

-0.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seanergy Maritime Holdings is loss making, we can't compare its value to the Europe Shipping industry average.
  • Seanergy Maritime Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Seanergy Maritime Holdings's expected growth come at a high price?
Raw Data
DB:RHSQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
98.7%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Seanergy Maritime Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Seanergy Maritime Holdings's assets?
Raw Data
DB:RHSQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.38
NasdaqCM:SHIP Share Price * NasdaqCM (2019-10-11) in USD $0.55
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:RHSQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SHIP Share Price ÷ Book Value per Share (both in USD)

= 0.55 ÷ 1.38

0.39x

* Primary Listing of Seanergy Maritime Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seanergy Maritime Holdings is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Seanergy Maritime Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Seanergy Maritime Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RHSQ Future Performance

 How is Seanergy Maritime Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
98.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seanergy Maritime Holdings expected to grow at an attractive rate?
  • Seanergy Maritime Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Seanergy Maritime Holdings's earnings growth is expected to exceed the Germany market average.
  • Seanergy Maritime Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RHSQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RHSQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 98.7%
DB:RHSQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 36.2%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RHSQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RHSQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 199 15 12 1
2020-12-31 145 12 8 2
2019-12-31 92 1 -22 2
2019-10-13
DB:RHSQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 88 5 -24
2019-03-31 86 -26
2018-12-31 92 6 -21
2018-09-30 89 5 -18
2018-06-30 81 6 -6
2018-03-31 83 0
2017-12-31 75 3 -3
2017-09-30 61 -6 -10
2017-06-30 51 -11 -22
2017-03-31 41 -24
2016-12-31 35 -15 -25
2016-09-30 31 -14 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Seanergy Maritime Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Seanergy Maritime Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RHSQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Seanergy Maritime Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RHSQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.37 0.37 0.37 1.00
2020-12-31 0.28 0.28 0.28 1.00
2019-12-31 -1.40 -1.40 -1.40 1.00
2019-10-13
DB:RHSQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -6.53
2019-03-31 -10.25
2018-12-31 -8.40
2018-09-30 -7.32
2018-06-30 -2.43
2018-03-31 -0.16
2017-12-31 -1.35
2017-09-30 -4.61
2017-06-30 -11.77
2017-03-31 -14.94
2016-12-31 -17.97
2016-09-30 -18.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Seanergy Maritime Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Seanergy Maritime Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Seanergy Maritime Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RHSQ Past Performance

  How has Seanergy Maritime Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Seanergy Maritime Holdings's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Seanergy Maritime Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Seanergy Maritime Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Seanergy Maritime Holdings's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Seanergy Maritime Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Seanergy Maritime Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RHSQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 88.15 -24.29 7.68
2019-03-31 86.21 -26.26 7.66
2018-12-31 91.52 -21.06 7.54
2018-09-30 88.82 -17.99 7.39
2018-06-30 81.28 -5.95 6.87
2018-03-31 82.83 -0.39 6.63
2017-12-31 74.83 -3.24 6.10
2017-09-30 61.42 -10.01 6.22
2017-06-30 51.19 -22.35 5.79
2017-03-31 40.98 -24.18 5.24
2016-12-31 34.66 -24.62 5.03
2016-09-30 30.61 -23.58 4.03
2016-06-30 24.63 -18.76 3.80
2016-03-31 18.22 -14.67 3.61
2015-12-31 11.22 -8.96 3.24
2015-09-30 4.40 -4.36 3.06
2015-06-30 1.76 -4.45 3.35
2015-03-31 0.00 -4.17 3.37
2014-12-31 2.01 80.35 3.46
2014-09-30 8.34 89.08 3.73
2014-06-30 12.64 107.36 3.76
2014-03-31 19.44 93.35 4.48
2013-12-31 23.08 10.91 5.32
2013-09-30 25.25 -113.59 7.96
2013-06-30 32.51 -172.75 8.41
2013-03-31 43.85 -186.34 8.76
2012-12-31 55.62 -193.77 9.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Seanergy Maritime Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Seanergy Maritime Holdings has efficiently used its assets last year compared to the Europe Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Seanergy Maritime Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Seanergy Maritime Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Seanergy Maritime Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RHSQ Health

 How is Seanergy Maritime Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Seanergy Maritime Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Seanergy Maritime Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Seanergy Maritime Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Seanergy Maritime Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Seanergy Maritime Holdings Company Filings, last reported 3 months ago.

DB:RHSQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 25.53 222.34 12.02
2019-03-31 13.47 228.92 7.47
2018-12-31 21.30 225.69 6.68
2018-09-30 23.36 222.15 4.40
2018-06-30 28.63 227.24 12.22
2018-03-31 37.22 215.86 8.24
2017-12-31 41.31 219.15 8.89
2017-09-30 41.36 223.02 8.44
2017-06-30 24.32 244.75 6.40
2017-03-31 26.71 210.59 6.94
2016-12-31 30.83 215.97 12.86
2016-09-30 19.15 178.03 3.91
2016-06-30 20.90 177.60 3.06
2016-03-31 21.10 177.59 2.78
2015-12-31 23.28 177.64 3.30
2015-09-30 16.86 47.12 0.97
2015-06-30 9.42 8.52 1.05
2015-03-31 6.47 12.75 1.77
2014-12-31 2.68 0.00 2.87
2014-09-30 2.82 0.00 2.90
2014-06-30 2.97 0.00 2.68
2014-03-31 2.63 0.00 1.53
2013-12-31 -90.70 134.91 3.08
2013-09-30 -98.17 134.91 1.07
2013-06-30 -115.31 173.62 2.52
2013-03-31 -100.55 177.38 3.38
2012-12-31 -101.62 209.14 4.30
  • Seanergy Maritime Holdings's level of debt (870.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Seanergy Maritime Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Seanergy Maritime Holdings has less than a year of cash runway based on current free cash flow.
  • Seanergy Maritime Holdings has less than a year of cash runway if free cash flow continues to reduce at historical rates of -81.5% each year.
X
Financial health checks
We assess Seanergy Maritime Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Seanergy Maritime Holdings has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RHSQ Dividends

 What is Seanergy Maritime Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Seanergy Maritime Holdings dividends.
If you bought €2,000 of Seanergy Maritime Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Seanergy Maritime Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Seanergy Maritime Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RHSQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RHSQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-10-13
DB:RHSQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-09-27 0.000 0.000
2010-08-09 0.000 0.000
2010-06-03 0.000 0.000
2010-03-24 0.000 0.000
2010-03-19 0.000 0.000
2010-03-04 0.000 0.000
2009-11-05 0.000 0.000
2009-09-17 0.000 0.000
2009-07-30 0.000 0.000
2009-04-29 0.000 0.000
2009-03-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Seanergy Maritime Holdings has not reported any payouts.
  • Unable to verify if Seanergy Maritime Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Seanergy Maritime Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Seanergy Maritime Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Seanergy Maritime Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Seanergy Maritime Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seanergy Maritime Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RHSQ Management

 What is the CEO of Seanergy Maritime Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stamatios Tsantanis
AGE 47
TENURE AS CEO 7 years
CEO Bio

Mr. Stamatios Tsantanis has been the Chief Executive Officer of Seanergy Maritime Holdings Corp. since October 1, 2012. He was Interim Chief Financial Officer of Seanergy Maritime Holdings Corp. from November 1, 2013 to October 3, 2018. Mr. Tsantanis has more than 14 years of experience in shipping and finance and held senior management positions in prominent shipping companies. He served as Group Chief Financial Officer of Target Marine S.A. since September 2008, responsible for its corporate and financial strategy. Mr. Tsantanis served as the Chief Financial Officer and as a Director of TOP Ships Inc. from its initial public offering and listing on Nasdaq in 2004 until September 2008. He was an investment banker at Alpha Finance, a member of the Alpha Bank Group, with an active role in a number of shipping corporate finance transactions. He has been the Chairman of Seanergy Maritime Holdings Corp. since October 01, 2013 and has been its Director since October 1, 2012. Mr. Tsantanis holds a Masters degree in Shipping Trade and Finance from the City University Business School in London and a Bachelors degree in Shipping Economics from the University of Piraeus.

CEO Compensation
  • Insufficient data for Stamatios to compare compensation growth.
  • Insufficient data for Stamatios to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Seanergy Maritime Holdings management team in years:

7
Average Tenure
  • The average tenure for the Seanergy Maritime Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stamatios Tsantanis

TITLE
Chairman & CEO
AGE
47
TENURE
7 yrs

Stavros Gyftakis

TITLE
CFO & Finance Director
AGE
40
TENURE
1 yrs

Theodora Mitropetrou

TITLE
General Counsel & Corporate Secretary
TENURE
11.8 yrs
Board of Directors Tenure

Average tenure and age of the Seanergy Maritime Holdings board of directors in years:

10.4
Average Tenure
48
Average Age
  • The average tenure for the Seanergy Maritime Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Stamatios Tsantanis

TITLE
Chairman & CEO
AGE
47
TENURE
6 yrs

Elias Culucundis

TITLE
Independent Director
AGE
76
TENURE
13.2 yrs

Christina Anagnostara

TITLE
Director
AGE
48
TENURE
10.9 yrs

Dimitris Anagnostopoulos

TITLE
Independent Director
AGE
72
TENURE
10.4 yrs

John Kartsonas

TITLE
Independent Director
AGE
47
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Seanergy Maritime Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Seanergy Maritime Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RHSQ News

Simply Wall St News

RHSQ Company Info

Description

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 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.

Details
Name: Seanergy Maritime Holdings Corp.
RHSQ
Exchange: DB
Founded: 2008
$12,681,988
25,707,661
Website: http://www.seanergymaritime.com
Address: Seanergy Maritime Holdings Corp.
154 Vouliagmenis Avenue,
Glyfada,
Athens,
166 74,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SHIP Common Shares Nasdaq Capital Market US USD 26. Oct 2007
DB RHSQ Common Shares Deutsche Boerse AG DE EUR 26. Oct 2007
Number of employees
Current staff
Staff numbers
37
Seanergy Maritime Holdings employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:29
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/07
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.