Head to Head Review: Seanergy Maritime (NASDAQ:SHIP) and Hafnia (NYSE:HAFN)

Seanergy Maritime (NASDAQ:SHIP) and Hafnia (NYSE:HAFN) are both transportation companies, but which is the better business? We will compare the two companies based on the strength of their dividends, institutional ownership, profitability, analyst recommendations, earnings, valuation and risk.

Profitability

This table compares Seanergy Maritime and Hafnia’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Seanergy Maritime	13.08%	8.35%	3.71%
Hafnia	35.54%	14.71%	9.21%

Valuation & Earnings

This table compares Seanergy Maritime and Hafnia”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Seanergy Maritime	$158.10 million	1.94	$21.24 million	$1.00	14.69
Hafnia	$955.87 million	4.38	$339.68 million	$0.68	12.02

Hafnia has higher revenue and earnings than Seanergy Maritime. Hafnia is trading at a lower price-to-earnings ratio than Seanergy Maritime, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of recent ratings for Seanergy Maritime and Hafnia, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Seanergy Maritime	0	1	2	1	3.00
Hafnia	0	2	0	1	2.67

Seanergy Maritime currently has a consensus price target of $17.00, indicating a potential upside of 15.72%. Given Seanergy Maritime’s stronger consensus rating and higher probable upside, research analysts clearly believe Seanergy Maritime is more favorable than Hafnia.

Volatility & Risk

Seanergy Maritime has a beta of 0.89, indicating that its stock price is 11% less volatile than the S&P 500. Comparatively, Hafnia has a beta of 0.54, indicating that its stock price is 46% less volatile than the S&P 500.

Dividends

Seanergy Maritime pays an annual dividend of $0.80 per share and has a dividend yield of 5.4%. Hafnia pays an annual dividend of $0.70 per share and has a dividend yield of 8.6%. Seanergy Maritime pays out 80.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hafnia pays out 102.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Insider and Institutional Ownership

29.4% of Seanergy Maritime shares are held by institutional investors. 4.7% of Seanergy Maritime shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

Seanergy Maritime beats Hafnia on 9 of the 16 factors compared between the two stocks.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. 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.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels. It provides ship owning, ship-management, investment, management, corporate support, and agency office services. In addition, the company provides integrated shipping platform, including technical management, commercial and chartering services, pool management, and large-scale bunker desk services. Hafnia Limited is based in Hamilton, Bermuda.