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Seaspan Corp
SSW : NYSE : Services
$15.29 up0.05 | 0.33%
Today's Range: 15.06 - 15.33
Avg. Daily Volume: 221,200
11/25/15 - 2:16 PM ET

Financial Analysis

SEASPAN CORP's gross profit margin for the third quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. SEASPAN CORP has average liquidity. Currently, the Quick Ratio is 1.18 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.64% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY15 Q3 FY14
Net Sales ($mil)212.86185.87
EBITDA ($mil)142.99132.6
EBIT ($mil)93.7987.22
Net Income ($mil)20.4965.44

Balance Sheet Q3 FY15 Q3 FY14
Cash & Equiv. ($mil)253.15288.95
Total Assets ($mil)6073.236084.51
Total Debt ($mil)3696.033857.19
Equity ($mil)1771.371742.68

Profitability Q3 FY15 Q3 FY14
Gross Profit Margin70.4475.72
EBITDA Margin67.1771.33
Operating Margin44.0646.93
Sales Turnover0.130.11
Return on Assets2.482.82
Return on Equity5.416.19
Debt Q3 FY15 Q3 FY14
Current Ratio1.281.9
Interest Expense30.9431.0
Interest Coverage3.032.81

Share Data Q3 FY15 Q3 FY14
Shares outstanding (mil)99.395.69
Div / share0.380.35
Book value / share17.8418.21
Institutional Own % n/a n/a
Avg Daily Volume225379.0203771.0


HOLD. This stock's P/E ratio indicates a premium compared to an average of 15.29 for the Marine industry and a discount compared to the S&P 500 average of 21.93. Conducting a second comparison, its price-to-book ratio of 0.85 indicates a significant discount versus the S&P 500 average of 2.77 and a discount versus the industry average of 1.76. The current price-to-sales ratio is above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, SEASPAN CORP seems to be trading at a premium to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SSW 15.71 Peers 15.29   SSW 4.48 Peers 7.46

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

SSW is trading at a valuation on par with its peers.


Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

SSW is trading at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
SSW 11.72 Peers 14.07   SSW 0.45 Peers 0.38

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

SSW is trading at a valuation on par with its peers.


Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

SSW trades at a premium to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SSW 0.85 Peers 1.76   SSW -24.22 Peers -37.43

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

SSW is trading at a significant discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

SSW is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SSW 1.92 Peers 1.61   SSW 12.90 Peers 9.45

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

SSW is trading at a premium to its industry on this measurement.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

SSW has a sales growth rate that significantly exceeds its peers.



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