Seanergy Maritime Holdings Corp (RHSR) - Net Assets
Based on the latest financial reports, Seanergy Maritime Holdings Corp (RHSR) has net assets worth €221.70 Million EUR (≈ $259.19 Million USD) as of December 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€513.60 Million ≈ $600.45 Million USD) and total liabilities (€291.90 Million ≈ $341.26 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Seanergy Maritime Holdings Corp balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €221.70 Million |
| % of Total Assets | 43.17% |
| Annual Growth Rate | 38.94% |
| 5-Year Change | 940.69% |
| 10-Year Change | N/A |
| Growth Volatility | 93.39 |
Seanergy Maritime Holdings Corp - Net Assets Trend (2016–2022)
This chart illustrates how Seanergy Maritime Holdings Corp's net assets have evolved over time, based on quarterly financial data. Check how tangible is Seanergy Maritime Holdings Corp's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Seanergy Maritime Holdings Corp (2016–2022)
The table below shows the annual net assets of Seanergy Maritime Holdings Corp from 2016 to 2022. For live valuation and market cap data, see Seanergy Maritime Holdings Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €221.70 Million ≈ $259.19 Million |
-9.32% |
| 2021-12-31 | €244.48 Million ≈ $285.82 Million |
+155.48% |
| 2020-12-31 | €95.69 Million ≈ $111.88 Million |
+220.50% |
| 2019-12-31 | €29.86 Million ≈ $34.91 Million |
+40.16% |
| 2018-12-31 | €21.30 Million ≈ $24.91 Million |
-48.44% |
| 2017-12-31 | €41.31 Million ≈ $48.30 Million |
+33.99% |
| 2016-12-31 | €30.83 Million ≈ $36.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Seanergy Maritime Holdings Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2353200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €583.69 Million | 263.28% |
| Total Equity | €221.70 Million | 100.00% |
Seanergy Maritime Holdings Corp Competitors by Market Cap
The table below lists competitors of Seanergy Maritime Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vistin Pharma ASA
OL:VISTN
|
$92.86 Million |
|
Winsome Resources Ltd
AU:WR1
|
$92.90 Million |
|
S&D Co. Ltd.
KQ:260970
|
$92.92 Million |
|
Samil Pharm
KO:000520
|
$92.94 Million |
|
Royce Global Value Trust Inc
NYSE:RGT
|
$92.80 Million |
|
MHC Plantations Bhd
KLSE:5026
|
$92.77 Million |
|
51 TALK ONL. SP.ADR A 60
F:C4G0
|
$92.77 Million |
|
Ritco Logistics Limited
NSE:RITCO
|
$92.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seanergy Maritime Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 244,476,000 to 221,699,000, a change of -22,777,000 (-9.3%).
- Net income of 17,239,000 contributed positively to equity growth.
- Dividend payments of 17,924,000 reduced retained earnings.
- New share issuances of 70,000 increased equity.
- Other factors decreased equity by 22,162,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €17.24 Million | +7.78% |
| Dividends Paid | €17.92 Million | -8.08% |
| Share Issuances | €70.00K | +0.03% |
| Other Changes | €-22.16 Million | -10.0% |
| Total Change | €- | -9.32% |
Book Value vs Market Value Analysis
This analysis compares Seanergy Maritime Holdings Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.02x to 0.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €268.13 | €6.05 | x |
| 2018-12-31 | €127.84 | €6.05 | x |
| 2019-12-31 | €17.76 | €6.05 | x |
| 2020-12-31 | €1.40 | €6.05 | x |
| 2021-12-31 | €1.41 | €6.05 | x |
| 2022-12-31 | €12.19 | €6.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seanergy Maritime Holdings Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.79%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.32x
- Recent ROE (7.78%) is above the historical average (-31.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -79.86% | -71.04% | 0.13x | 8.35x | €-27.71 Million |
| 2017 | -7.83% | -4.32% | 0.27x | 6.67x | €-7.37 Million |
| 2018 | -98.85% | -23.01% | 0.34x | 12.56x | €-23.19 Million |
| 2019 | -39.18% | -13.52% | 0.31x | 9.46x | €-14.68 Million |
| 2020 | -19.18% | -28.98% | 0.21x | 3.09x | €-27.93 Million |
| 2021 | 16.91% | 27.01% | 0.31x | 1.99x | €16.90 Million |
| 2022 | 7.78% | 13.79% | 0.24x | 2.32x | €-4.93 Million |
Industry Comparison
This section compares Seanergy Maritime Holdings Corp's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $35,531,387,339
- Average return on equity (ROE) among peers: 2.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seanergy Maritime Holdings Corp (RHSR) | €221.70 Million | -79.86% | 1.32x | $92.81 Million |
| 2020 Bulkers Ltd. (0FF) | $151.90 Million | 50.23% | 0.76x | $5.18 Million |
| EURODRY LTD. DL -01 (0LQ) | $78.92 Million | 39.47% | 1.04x | $52.61 Million |
| Qingdao Port International Co. Ltd (0QP) | $50.12 Billion | 10.52% | 0.33x | $982.93 Million |
| ZIM Integrated Shipping Services Ltd. (2SV) | $2.46 Billion | -109.67% | 2.40x | $2.63 Billion |
| HAV GROUP ASA (6HH) | $152.48 Million | 49.65% | 2.86x | $41.65 Million |
| MERCANTILE PORTS+LOGI.LTD (9KS0) | $54.51 Million | -34.18% | 1.04x | $178.16K |
| Ardmore Shipping Corporation (A61) | $329.00 Million | -11.20% | 1.20x | $651.21 Million |
| BW LPG Limited (BW9) | $1.93 Billion | 12.58% | 0.64x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $243.35 Billion | 9.80% | 0.90x | $5.58 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $56.70 Billion | 4.81% | 0.56x | $11.30 Billion |
About Seanergy Maritime Holdings Corp
Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of approximately 3,011,083 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… Read more