Seaspan Corp

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SSW : NYSE : Services
$14.77 | %
Today's Range: 14.61 - 14.78
Avg. Daily Volume: 527,400
07/22/16 - 4:02 PM ET

Financial Analysis


SEASPAN CORP's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged 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 1.21 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.

During the same period, stockholders' equity ("net worth") has remained unchanged 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 Q1 FY16 Q1 FY15
Net Sales ($mil)215.52188.55
EBITDA ($mil)140.84129.35
EBIT ($mil)85.1484.42
Net Income ($mil)7.1321.33


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)260.61346.35
Total Assets ($mil)6100.726063.98
Total Debt ($mil)3746.363753.17
Equity ($mil)1729.131739.61


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin68.9672.21
EBITDA Margin65.3468.6
Operating Margin39.544.77
Sales Turnover0.140.12
Return on Assets3.032.21
Return on Equity7.564.57
Debt Q1 FY16 Q1 FY15
Current Ratio1.31.58
Debt/Capital0.680.68
Interest Expense32.0127.52
Interest Coverage2.663.07


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)98.2797.76
Div / share0.380.35
EPS-0.060.08
Book value / share17.617.79
Institutional Own % n/a n/a
Avg Daily Volume514721.0331033.0

Valuation


HOLD. This stock's P/E ratio indicates a discount compared to an average of 13.44 for the Marine industry and a significant discount compared to the S&P 500 average of 25.03. Conducting a second comparison, its price-to-book ratio of 0.86 indicates a significant discount versus the S&P 500 average of 2.80 and a discount versus the industry average of 1.31. The current price-to-sales ratio is below the S&P 500 average, but above the industry average. Upon assessment of these and other key valuation criteria, SEASPAN CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SSW 11.45 Peers 13.44   SSW 4.27 Peers 6.83

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

SSW is trading at a discount to 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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SSW 12.43 Peers 15.61   SSW NM Peers 0.06

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

SSW is trading at a discount to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SSW 0.86 Peers 1.31   SSW 59.03 Peers -7.14

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SSW 1.76 Peers 1.41   SSW 14.67 Peers 3.49

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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