SEACOR Marine Holdings (SMHI) AI Stock Analysis

• Market Cap: $109.02M
• Dividend Yield: N/A
• Average Volume (3M): 142.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.68
• Revenue Growth: -2.92%
• EPS Growth: -712.97%
• Country: US
• Employees: 1,239
• Sector: Industrials
• Sector Strength: 63
• Industry: Marine Shipping
• EPS (TTM): -2.83
• Shares Outstanding: 27,669,361
• 10 Day Avg. Volume: 123,786
• 30 Day Avg. Volume: 142,723
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.54
• Price to Cash Flow (P/CF): 4.30
• P/FCF Ratio: 6.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $13.00
• Price Target Upside: 229.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

SEACOR Marine Holdings' stock is affected by significant financial and operational challenges, as evidenced by negative profitability and high leverage. Technical analysis points to a bearish trend, adding to the negative outlook. However, recent corporate events indicate strategic efforts to improve financial flexibility and operational capacity, slightly offsetting the negatives. The valuation remains unattractive due to negative earnings, contributing to a lower overall score.

SEACOR Marine Holdings Business Overview & Revenue Model

Company Description

SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including wind farms; handle anchors and mooring equipment required to tether rigs to the seabed; assist in placing them on location and moving them between regions; provide construction, well work-over, maintenance, and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services. As of December 31, 2021, the company operated a fleet of 81 support and specialty vessels, of which 60 were owned or leased-in, 20 were joint-ventured, and 1 was managed on behalf of unaffiliated third parties. It serves integrated oil companies, large independent oil and natural gas exploration and production companies, and emerging independent companies, as well as windfarm operations and installation contractors. The company was founded in 1989 and is headquartered in Houston, Texas.

How the Company Makes Money

SEACOR Marine Holdings generates revenue primarily through the chartering of its fleet of vessels to clients in the offshore energy sector. The company earns money by leasing its vessels under contracts that vary in duration and terms, depending on client needs and market conditions. These contracts can be spot charters, which are short-term, or longer-term contracts providing stable revenue streams. Additional income is derived from vessel management services, where SEACOR operates and maintains vessels owned by third parties. The company may also benefit from strategic partnerships and joint ventures that expand its reach and capabilities in key markets.

SEACOR Marine Holdings Financial Statement Overview

Summary

SEACOR Marine Holdings faces challenges across its financial statements, particularly with profitability and leverage. While revenue has shown fluctuations, sustained negative net income and EBITDA highlight operational difficulties. The balance sheet indicates high leverage, which, coupled with declining equity, could affect financial stability. Cash flow management shows some stability in operations, but negative free cash flow underscores capital allocation issues. Overall, the company needs to address profitability and leverage to improve its financial health.

Income Statement

SEACOR Marine Holdings' income statement reveals fluctuating revenue figures over the years, with a recent decline from 2023 to 2024. The company has faced consistent challenges with profitability, as evidenced by negative net income and EBIT margins in recent years. Gross profit margin improved slightly in 2024, but the net profit margin remains negative, indicating ongoing issues in turning revenue into profit. Additionally, the significant drop in EBITDA from 2023 to 2024 points to operational inefficiencies.

Balance Sheet

The balance sheet shows a reduction in total assets and stockholders' equity over recent years, indicating a potential erosion of asset base and financial strength. The debt-to-equity ratio is relatively high, suggesting significant leverage, which could pose financial risks during downturns. However, the equity ratio demonstrates a reasonable proportion of equity financing. Despite these challenges, the company has maintained a stable cash position.

Cash Flow

The cash flow statement indicates some positive trends, such as the stabilization of operating cash flow in the most recent period. However, free cash flow remains negative, signaling challenges in generating excess cash after capital expenditures. The operating cash flow to net income ratio suggests some level of cash generation efficiency. The company appears to prioritize maintaining cash reserves, even as financing cash flows have been consistently negative.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
271.36M	279.51M	217.32M	170.94M	141.84M
	Gross Profit
74.11M	63.29M	-14.49M	-19.95M	-14.00M
	EBIT
-10.43M	35.52M	-54.00M	-37.15M	-71.64M
	EBITDA
9.21M	86.68M	16.28M	-189.00K	-8.82M
	Net Income Common Stockholders
-78.12M	-9.31M	-78.66M	-4.87M	-75.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
59.49M	67.45M	39.96M	37.62M	32.67M
	Total Assets
727.11M	780.34M	815.63M	912.50M	1.02B
	Total Debt
348.46M	321.07M	335.98M	371.34M	484.40M
	Net Debt
288.97M	253.62M	296.01M	333.73M	451.74M
	Total Liabilities
428.79M	406.11M	436.48M	465.96M	615.83M
	Stockholders Equity
298.32M	373.90M	378.82M	446.22M	401.52M
Cash Flow		Free Cash Flow
-1.66M	-1.66M	-2.96M	1.80M	-42.31M
	Operating Cash Flow
8.95M	8.95M	-2.78M	8.80M	-21.51M
	Investing Cash Flow
49.13M	49.13M	4.87M	71.80M	-4.50M
	Financing Cash Flow
-16.99M	-16.99M	-9.86M	-78.90M	-21.66M

SEACOR Marine Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMHI, the sentiment is Negative. The current price of 3.94 is below the 20-day moving average (MA) of 5.10, below the 50-day MA of 5.86, and below the 200-day MA of 8.60, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 36.45 is Neutral, neither overbought nor oversold. The STOCH value of 29.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMHI.

SEACOR Marine Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESEA	77 Outperform	$191.69M	1.68	35.83%	9.01%	12.43%	-1.63%
SHIP	74 Outperform	$107.44M	2.44	16.96%	12.35%	51.91%	2984.06%
GIFI	65 Neutral	$105.60M	6.85	17.13%	―	5.38%	―
Sector *	62 Neutral	$7.26B	12.38	3.01%	3.40%	3.58%	-14.13%
DSX	55 Neutral	$173.65M	25.51	2.56%	11.33%	-12.93%	-86.34%
TISI	52 Neutral	$85.91M	―	-161.69%	―	-1.20%	50.12%
SMHI	48 Neutral	$109.02M	―	-23.25%	―	-2.92%	-712.97%

SEACOR Marine Holdings Corporate Events

SEACOR Marine Holdings Announces 2025 Annual Meeting Date

On February 28, 2025, SEACOR Marine Holdings Inc. announced the date for its 2025 Annual Meeting of Stockholders, set for June 3, 2025, with a record date of April 14, 2025. The company also highlighted recent developments, including a comprehensive refinancing of its debt capital structure and the signing of a significant order for newbuild Platform Supply Vessels. These strategic moves are part of SEACOR Marine’s asset rotation strategy to modernize its fleet and enhance its competitive positioning in the offshore support vessel industry.