0.55%
3.98%
-18.30%
-24.38%
-33.21%
-36.90%
-36.90%
AI Spotlight on USEA
Company Description
United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide.It owns one Capesize dry bulk vessel having a carrying capacity of 171,314 deadweight tons.The company was incorporated in 2022 and is based in Glyfada, Greece.
United Maritime Corporation operates independently of Seanergy Maritime Holdings Corp.as of July 5, 2022.
Market Data
| Last Price | 1.83 |
| Change Percentage | 0.55% |
| Open | 1.83 |
| Previous Close | 1.82 |
| Market Cap ( Millions) | 16 |
| Volume | 15598 |
| Year High | 3 |
| Year Low | 1.63 |
| M A 50 | 1.87 |
| M A 200 | 2.36 |
Financial Ratios
| FCF Yield | 100.13% |
| Dividend Yield | 16.39% |
| ROE | -3.57% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -166.47% |
| Price To Book | 0.26 |
| Price Earnings Ratio | -6.99 |
| Price To FCF | 1.0 |
| Price To sales | 0.35 |
| EV / EBITDA | 0.7 |
News
- Nov -26 - United Maritime Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2024 and Declares Cash Dividend of $0.075 Per Share
- Nov -21 - United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2024, Financial Results
- Aug -11 - United Maritime Corporation (USEA) Q2 2024 Earnings Call Transcript
- Aug -01 - United Maritime Announces the Date for the Second Quarter and Six Months Ended June 30, 2024, Financial Results, Conference Call and Webcast
- May -24 - United Maritime Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend of $0.075 Per Share
- May -21 - United Maritime Announces the Date for the First Quarter Ended March 31, 2024, Financial Results
- Apr -09 - Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders
- Apr -03 - United Maritime Announces Availability of its 2023 Annual Report on Form 20-F
- Feb -21 - United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
- Feb -20 - United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
- Feb -15 - United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023, Financial Results, Conference Call and Webcast
- Dec -19 - Seanergy Maritime (NASDAQ: SHIP) Is Optimistic About The Future; United Maritime (NASDAQ: USEA) Posts Profit Surge for 3Q23, Both Companies Extend Shareholder Rewards
- Nov -15 - United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript
- Nov -15 - United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share
- Nov -09 - United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast
- Oct -09 - United Maritime: Upgrading To Buy On Vastly Improved Charter Rates And Generous Dividend
- Aug -04 - United Maritime Corporation (USEA) Q2 2023 Earnings Call Transcript
- Aug -03 - United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.075 Per Share
- Jul -27 - United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast
- May -15 - United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Time Charters and Pool Agreements
Expected Growth : 4.5 %
What the company do ?
Time Charters: leasing a vessel for a set period, while Pool Agreements: collaborative vessel operation among shipping companies, both offered by United Maritime Corporation to optimize fleet utilization and revenue.
Why we expect these perspectives ?
United Maritime Corporation's Time Charters and Pool Agreements optimize fleet utilization and revenue, driving growth. Increasing demand for efficient shipping operations, coupled with the company's expertise in collaborative vessel operation, will fuel market expansion.
Segment n°2 -> Spot Charters
Expected Growth : 4.5 %
What the company do ?
Spot Charters from United Maritime Corporation allow customers to charter a vessel for a single voyage, providing flexibility and customized shipping solutions.
Why we expect these perspectives ?
Growing demand for customized shipping solutions, increasing need for flexibility in logistics, and rising global trade volumes drive the growth of spot charters. United Maritime Corporation's spot charter services cater to these needs, positioning the company for growth.
United Maritime Corporation Products
| Product Range | What is it ? |
|---|---|
| Ship Management | United Maritime Corporation provides comprehensive ship management services, including technical management, crew management, and commercial management, to ensure the safe and efficient operation of vessels. |
| Crew Management | United Maritime Corporation offers crew management services, including crew recruitment, training, and deployment, to ensure that vessels are manned by competent and qualified crew members. |
| Vessel Inspection and Audit | United Maritime Corporation provides vessel inspection and audit services to ensure compliance with international regulations and standards, and to identify areas for improvement. |
| Marine Consulting | United Maritime Corporation offers marine consulting services, including feasibility studies, market research, and business strategy development, to support clients in the maritime industry. |
| Ship Brokerage | United Maritime Corporation provides ship brokerage services, including sale and purchase, chartering, and newbuilding, to support clients in the maritime industry. |
United Maritime Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for United Maritime Corporation is medium due to the availability of alternative modes of transportation such as air and road transportation.
Bargaining Power Of Customers
The bargaining power of customers for United Maritime Corporation is high due to the presence of large shipping companies that have the ability to negotiate prices.
Bargaining Power Of Suppliers
The bargaining power of suppliers for United Maritime Corporation is low due to the presence of many suppliers of fuel, equipment, and other necessary materials.
Threat Of New Entrants
The threat of new entrants for United Maritime Corporation is low due to the high capital requirements and regulatory barriers to entry in the shipping industry.
Intensity Of Rivalry
The intensity of rivalry for United Maritime Corporation is high due to the presence of many established players in the shipping industry, leading to a competitive market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 59.30% |
| Debt Cost | 5.05% |
| Equity Weight | 40.70% |
| Equity Cost | 5.05% |
| WACC | 5.05% |
| Leverage | 145.67% |
United Maritime Corporation : Quality Control
United Maritime Corporation passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TORO | Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and … |
| PSHG | Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity … |
| CPLP | Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transport a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo … |
| NMM | Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry … |
| DSX | Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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United Maritime
A-Score
1-Year Total Return ->
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Capital Product Partners
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1-Year Total Return ->
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Navios Maritime Partners
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1-Year Total Return ->
4
Diana Shipping
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5
Toro
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1-Year Total Return ->
6
