Seanergy Maritime Holdings Corp (SHIP) - Net Assets
Based on the latest financial reports, Seanergy Maritime Holdings Corp (SHIP) has net assets worth $313.11 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($643.46 Million) and total liabilities ($330.35 Million). 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. Check Seanergy Maritime Holdings Corp (SHIP) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $313.11 Million |
| % of Total Assets | 48.66% |
| Annual Growth Rate | 65.05% |
| 5-Year Change | 15.1% |
| 10-Year Change | 812.63% |
| Growth Volatility | 169199.29 |
Seanergy Maritime Holdings Corp - Net Assets Trend (2006–2025)
This chart illustrates how Seanergy Maritime Holdings Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Seanergy Maritime Holdings Corp (SHIP) total market value.
Annual Net Assets for Seanergy Maritime Holdings Corp (2006–2025)
The table below shows the annual net assets of Seanergy Maritime Holdings Corp from 2006 to 2025. Also explore SHIP net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $281.38 Million | +7.32% |
| 2024-12-31 | $262.18 Million | +14.77% |
| 2023-12-31 | $228.44 Million | +3.04% |
| 2022-12-31 | $221.70 Million | -9.32% |
| 2021-12-31 | $244.48 Million | +155.48% |
| 2020-12-31 | $95.69 Million | +220.50% |
| 2019-12-31 | $29.86 Million | +40.16% |
| 2018-12-31 | $21.30 Million | -48.44% |
| 2017-12-31 | $41.31 Million | +33.99% |
| 2016-12-31 | $30.83 Million | +32.42% |
| 2015-12-31 | $23.28 Million | +770.10% |
| 2014-12-31 | $2.68 Million | +102.95% |
| 2013-12-31 | $-90.69 Million | +10.75% |
| 2012-12-31 | $-101.62 Million | -232.10% |
| 2011-12-31 | $76.92 Million | -71.99% |
| 2010-12-31 | $274.67 Million | +21.09% |
| 2009-12-31 | $226.82 Million | +72.40% |
| 2008-12-31 | $131.56 Million | -11.33% |
| 2007-12-31 | $148.37 Million | +719158.87% |
| 2006-12-31 | $20.63K | -- |
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 31945962800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $600.85 Million | 213.53% |
| Total Equity | $281.38 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 |
|---|---|
|
Energy Recovery Inc
NASDAQ:ERII
|
$359.87 Million |
|
Shenzhen Kexin Communication Technologies Co Ltd
SHE:300565
|
$359.92 Million |
|
StealthGas Inc
NASDAQ:GASS
|
$359.96 Million |
|
Avidia Bancorp, Inc.
NYSE:AVBC
|
$360.06 Million |
|
Cuckoo Homesys Co Ltd
KO:284740
|
$359.37 Million |
|
Gorilla Technology Group Inc.
NASDAQ:GRRR
|
$359.22 Million |
|
PCC Rokita SA
WAR:PCR
|
$359.06 Million |
|
Universal Vision Biotechnology Co Ltd
TWO:3218
|
$359.02 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 2024 to 2025, total equity changed from 262,179,000 to 281,383,000, a change of 19,204,000 (7.3%).
- Net income of 20,830,000 contributed positively to equity growth.
- Dividend payments of 9,487,999 reduced retained earnings.
- New share issuances of 845,000 increased equity.
- Other factors increased equity by 7,016,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.83 Million | +7.4% |
| Dividends Paid | $9.49 Million | -3.37% |
| Share Issuances | $845.00K | +0.3% |
| Other Changes | $7.02 Million | +2.49% |
| Total Change | $- | 7.32% |
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: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.04x to 1.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $515.70 | $18.81 | x |
| 2007-12-31 | $939042.53 | $18.81 | x |
| 2008-12-31 | $1061008.06 | $18.81 | x |
| 2009-12-31 | $1133092.39 | $18.81 | x |
| 2010-12-31 | $451009.85 | $18.81 | x |
| 2011-12-31 | $126310.34 | $18.81 | x |
| 2012-12-31 | $-102025.10 | $18.81 | x |
| 2013-12-31 | $-91059.24 | $18.81 | x |
| 2014-12-31 | $2404.31 | $18.81 | x |
| 2015-12-31 | $5188.06 | $18.81 | x |
| 2016-12-31 | $3600.61 | $18.81 | x |
| 2017-12-31 | $2766.19 | $18.81 | x |
| 2018-12-31 | $1359.56 | $18.81 | x |
| 2019-12-31 | $311.58 | $18.81 | x |
| 2020-12-31 | $28.62 | $18.81 | x |
| 2021-12-31 | $12.78 | $18.81 | x |
| 2022-12-31 | $12.54 | $18.81 | x |
| 2023-12-31 | $12.39 | $18.81 | x |
| 2024-12-31 | $13.19 | $18.81 | x |
| 2025-12-31 | $13.70 | $18.81 | 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): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.18%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.16x
- Recent ROE (7.40%) is below the historical average (124.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -21.19% | 0.00% | 0.00x | 30.65x | $-6.43K |
| 2007 | 0.97% | 0.00% | 0.00x | 1.59x | $-13.39 Million |
| 2008 | -24.31% | -92.84% | 0.09x | 2.87x | $-45.14 Million |
| 2009 | 14.41% | 34.19% | 0.16x | 2.58x | $9.20 Million |
| 2010 | 0.05% | 0.14% | 0.14x | 2.54x | $-27.33 Million |
| 2011 | -257.08% | -190.04% | 0.24x | 5.67x | $-205.45 Million |
| 2012 | 0.00% | -348.40% | 0.46x | 0.00x | $-183.61 Million |
| 2013 | 0.00% | 47.26% | 0.35x | 0.00x | $19.98 Million |
| 2014 | 3002.54% | 3997.41% | 0.62x | 1.22x | $80.08 Million |
| 2015 | -38.46% | -79.80% | 0.05x | 8.99x | $-11.28 Million |
| 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 | 12.57x | $-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 |
| 2023 | 1.00% | 2.07% | 0.23x | 2.09x | $-20.56 Million |
| 2024 | 16.58% | 25.96% | 0.31x | 2.08x | $17.25 Million |
| 2025 | 7.40% | 13.18% | 0.26x | 2.16x | $-7.31 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: $416,763,120
- Average return on equity (ROE) among peers: 9.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seanergy Maritime Holdings Corp (SHIP) | $313.11 Million | -21.19% | 1.06x | $359.69 Million |
| Ardmore Shpng (ASC) | $346.58 Million | -12.39% | 1.44x | $775.25 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $49.40 Million | 13.38% | 3.38x | $1.23 Billion |
| C3is Inc. (CISS) | $8.75 Million | 41.24% | 0.87x | $719.65K |
| Costamare Bulkers Holdings Limited (CMDB) | $446.01 Million | 20.28% | 0.95x | $431.49 Million |
| Costamare Inc (CMRE) | $1.36 Billion | 4.95% | 1.25x | $1.77 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $21.35 Million |
| Danaos Corporation (DAC) | $1.04 Billion | 14.83% | 1.62x | $2.59 Billion |
| Diana Shipping Inc. (DSX) | $489.02 Million | 10.19% | 1.39x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $316.37 Million | -0.95% | 1.11x | $2.42 Billion |
| EuroDry Ltd (EDRY) | $105.59 Million | -9.14% | 1.08x | $111.69 Million |
About Seanergy Maritime Holdings Corp
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. Seanerg… Read more