Seaspan Corporation (NYSE: SSW) is one of 25 public companies in the “Deep Sea Freight” industry, but how does it compare to its peers? We will compare Seaspan Corporation to related businesses based on the strength of its institutional ownership, earnings, profitability, risk, valuation, analyst recommendations and dividends.

Institutional & Insider Ownership

15.3% of Seaspan Corporation shares are owned by institutional investors. Comparatively, 66.3% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 2.9% 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 company is poised for long-term growth.

Analyst Recommendations

This is a summary of current recommendations for Seaspan Corporation and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Seaspan Corporation 3 5 0 0 1.63
Seaspan Corporation Competitors 141 460 586 5 2.38

Seaspan Corporation presently has a consensus price target of $6.79, suggesting a potential downside of 7.05%. As a group, “Deep Sea Freight” companies have a potential upside of 36.11%. Given Seaspan Corporation’s peers stronger consensus rating and higher probable upside, analysts clearly believe Seaspan Corporation has less favorable growth aspects than its peers.

Risk and Volatility

Seaspan Corporation has a beta of 0.65, suggesting that its share price is 35% less volatile than the S&P 500. Comparatively, Seaspan Corporation’s peers have a beta of 2.04, suggesting that their average share price is 104% more volatile than the S&P 500.

Dividends

Seaspan Corporation pays an annual dividend of $0.50 per share and has a dividend yield of 6.8%. 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 6.9% and pay out 0.0% of their earnings in the form of a dividend. Seaspan Corporation has raised its dividend for 5 consecutive years.

Valuation & Earnings

This table compares Seaspan Corporation and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Seaspan Corporation $844.00 million $501.00 million -4.37
Seaspan Corporation Competitors $229.83 million $95.75 million -2.80

Seaspan Corporation has higher revenue and earnings than its peers. Seaspan Corporation is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Seaspan Corporation and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Seaspan Corporation -13.54% 7.51% 2.36%
Seaspan Corporation Competitors -97.12% -16.37% -5.76%

Summary

Seaspan Corporation peers beat Seaspan Corporation on 8 of the 15 factors compared.

About Seaspan Corporation

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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