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United Maritime Corporation (USEA)



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Upturn Advisory Summary
04/01/2025: USEA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -17.97% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 12.46M USD | Price to earnings Ratio - | 1Y Target Price 3.5 |
Price to earnings Ratio - | 1Y Target Price 3.5 | ||
Volume (30-day avg) 58223 | Beta 0.33 | 52 Weeks Range 1.31 - 2.61 | Updated Date 04/1/2025 |
52 Weeks Range 1.31 - 2.61 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 17.03% | Basic EPS (TTM) -0.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-03-18 | When - | Estimate -0.41 | Actual -0.09 |
Profitability
Profit Margin -7.45% | Operating Margin (TTM) 7.76% |
Management Effectiveness
Return on Assets (TTM) 1.52% | Return on Equity (TTM) -5.37% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 103166088 | Price to Sales(TTM) 0.27 |
Enterprise Value 103166088 | Price to Sales(TTM) 0.27 | ||
Enterprise Value to Revenue 2.27 | Enterprise Value to EBITDA 21.41 | Shares Outstanding 8844270 | Shares Floating 7131695 |
Shares Outstanding 8844270 | Shares Floating 7131695 | ||
Percent Insiders 17.81 | Percent Institutions 2.51 |
Analyst Ratings
Rating 4 | Target Price 5.5 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
United Maritime Corporation
Company Overview
History and Background
United Maritime Corporation (formerly Seanergy Maritime Holdings Corp.) is a shipping company focused on the seaborne transportation of dry bulk commodities. Founded in 2006, it has evolved from operating primarily Capesize vessels to a smaller fleet of tanker vessels through the spin-off of SpinCo in 2022 and subsequent business combination with Stellar Bulk Carriers Inc in 2023.
Core Business Areas
- Tanker Vessel Ownership and Operation: United Maritime Corporation owns and operates tanker vessels, transporting crude oil and petroleum products.
Leadership and Structure
Stamatis Tsantanis is the Chairman & Chief Executive Officer. The company follows a traditional corporate structure with a board of directors and executive management overseeing operations, finance, and strategy.
Top Products and Market Share
Key Offerings
- Crude Oil Transportation Services: United Maritime Corporation provides transportation services for crude oil via its tanker fleet. Market share data is difficult to ascertain precisely due to the fragmented nature of the tanker shipping market. Competitors include companies such as Euronav (EURN), DHT Holdings (DHT), and Frontline (FRO).
- Petroleum Product Transportation Services: The company also transports refined petroleum products. Similar to crude oil, precise market share data is hard to pinpoint. Competitors overlap with those in crude oil transportation.
Market Dynamics
Industry Overview
The tanker shipping industry is influenced by global oil demand, geopolitical factors, and fleet supply. Fluctuations in oil prices and production significantly impact demand for tanker services.
Positioning
United Maritime Corporation is a smaller player in the tanker shipping industry. Its competitive advantages likely lie in operational efficiency, fleet management, and strategic partnerships.
Total Addressable Market (TAM)
The global tanker shipping market is estimated at hundreds of billions of dollars annually. United Maritime Corporation's position relative to the TAM is relatively small, aiming for niche market share in specific routes and client relationships.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Strategic fleet deployment
- Strong relationships with charterers
Weaknesses
- Small Fleet Size compared to major players
- High Dependence on market fluctuations
- Limited diversification
Opportunities
- Expansion of fleet through acquisitions
- Increased demand for oil transportation due to geopolitical instability
- Development of strategic alliances
Threats
- Overcapacity in the tanker market
- Fluctuations in oil prices
- Geopolitical risks
- Environmental regulations
Competitors and Market Share
Key Competitors
- EURN
- DHT
- FRO
- TNP
- NAT
Competitive Landscape
United Maritime Corporation faces intense competition from larger, more established players with greater financial resources and larger fleets. Its success depends on operational efficiency, strategic partnerships, and effective fleet management.
Major Acquisitions
Stellar Bulk Carriers Inc
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Business combination to focus on the tanker vessel market.
Growth Trajectory and Initiatives
Historical Growth: United Maritime Corporation's growth has been tied to acquisitions and market conditions in the dry bulk and tanker shipping sectors.
Future Projections: Future projections would depend on fleet expansion, market conditions, and the company's strategic decisions.
Recent Initiatives: Recent initiatives include the acquisition of Stellar Bulk Carriers Inc in 2023 and change to the tanker business area.
Summary
United Maritime Corporation is a smaller player in a volatile shipping industry, transitioning to tanker vessel operations. Its success hinges on effectively managing its fleet and capitalizing on market opportunities. The company faces challenges related to competition, market fluctuations, and environmental regulations. Strategic acquisitions and operational efficiency are crucial for future growth. Investors should be aware of the inherent risks associated with the cyclical nature of the shipping industry.
Similar Companies

DHT

DHT Holdings Inc



DHT

DHT Holdings Inc

EURN

Euronav NV



EURN

Euronav NV
FRO

Frontline Ltd


FRO

Frontline Ltd
NAT

Nordic American Tankers Limited


NAT

Nordic American Tankers Limited

SBLK

Star Bulk Carriers Corp



SBLK

Star Bulk Carriers Corp

TNP

Tsakos Energy Navigation Ltd



TNP

Tsakos Energy Navigation Ltd
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United Maritime Corporation
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2022-07-06 | Chairman & CEO Mr. Stamatios Tsantanis | ||
Sector Industrials | Industry Marine Shipping | Full time employees - | Website https://www.unitedmaritime.gr |
Full time employees - | Website https://www.unitedmaritime.gr |
United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,072 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.
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