Seaspan Corporation (NYSE: SSW) is one of 24 public companies in the “Deep Sea Freight” industry, but how does it compare to its rivals? We will compare Seaspan Corporation to similar companies based on the strength of its dividends, analyst recommendations, risk, earnings, institutional ownership, valuation and profitability.
Seaspan Corporation pays an annual dividend of $0.50 per share and has a dividend yield of 6.7%. Seaspan Corporation pays out -29.9% of its earnings in the form of a dividend. As a group, “Deep Sea Freight” companies pay a dividend yield of 6.7% and pay out 0.0% of their earnings in the form of a dividend. Seaspan Corporation has raised its dividend for 5 consecutive years.
This is a breakdown of recent recommendations for Seaspan Corporation and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Seaspan Corporation Competitors||140||459||585||5||2.38|
Seaspan Corporation currently has a consensus price target of $6.79, suggesting a potential downside of 9.52%. As a group, “Deep Sea Freight” companies have a potential upside of 29.84%. Given Seaspan Corporation’s rivals stronger consensus rating and higher probable upside, analysts plainly believe Seaspan Corporation has less favorable growth aspects than its rivals.
Institutional and Insider Ownership
15.3% of Seaspan Corporation shares are owned by institutional investors. Comparatively, 56.3% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are owned 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.
Valuation & Earnings
This table compares Seaspan Corporation and its rivals revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Seaspan Corporation||$844.00 million||$501.00 million||-4.49|
|Seaspan Corporation Competitors||$223.90 million||$92.85 million||-2.59|
Seaspan Corporation has higher revenue and earnings than its rivals. Seaspan Corporation is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Volatility and Risk
Seaspan Corporation has a beta of 0.65, meaning that its share price is 35% less volatile than the S&P 500. Comparatively, Seaspan Corporation’s rivals have a beta of 2.04, meaning that their average share price is 104% more volatile than the S&P 500.
This table compares Seaspan Corporation and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Seaspan Corporation Competitors||-99.98%||-17.12%||-6.04%|
Seaspan Corporation rivals beat Seaspan Corporation on 8 of the 14 factors compared.
Seaspan Corporation Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, COSCO Development, COSCO Harmony, COSCO Excellence, COSCO Hope, COSCO Fortune, Seaspan Yangtze, CSCL Zeebrugge, CSCL Long Beach, CSCL Oceania, COSCO Vietnam, MOL Emissary, Seaspan Chiwan, Seaspan Ningbo, Seaspan Felixstowe, CSCL Brisbane, Seaspan Santos, Seaspan Loncomilla, Seaspan Lingue, CSCL Montevideo, CSCL Callao, Guayaquil Bridge and Calicanto Bridge. The Company is engaged in the operation and management of vessel, including maintaining the vessel, periodic dry-docking, cleaning and painting and performing work required by regulations.
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