Company Quick10K Filing
Hunter Maritime Acquisition
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 1,146 $10,861
20-F 2019-04-30 Annual: 2019-01-01
20-F 2019-03-27 Annual: 2018-12-31
20-F 2018-03-30 Annual: 2017-12-31
20-F 2017-04-27 Annual: 2016-12-31

Hunter Maritime Acquisition Financials

HUNT Metrics, Comps, Filings

Annual | Quarterly

Business

Hunter Maritime Acquisition Corp. was formed on June 24, 2016 under the laws of the Republic of the Marshall Islands for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization or other similar business combination, an operating businesses or assets. Our subsidiary, NCF Wealth Holdings, does business under the NCF name.

On October 5, 2018, we entered into the Merger Agreement with NCF and Zhenxin Zhang, as representative of the NCF Stockholders, pursuant to which NCF merged with and into our subsidiary, with NCF continuing as the surviving company and as our wholly-owned subsidiary (the “Merger”).

On November 6, 2018, we completed a tender offer, funded with the proceeds then held in the Trust Account, in connection with an amendment to our Amended and Restated Articles of Incorporation to extend the deadline (the “Extension Amendment”) by which a business combination must be consummated to April 23, 2019 (the “Extended Date”), pursuant to which we purchased 12,999,350 Class A common shares at $10.125 per share, for an aggregate purchase price of approximately $131.6 million (the “Extension Tender Offer”). In connection with the Extension Tender Offer, we deposited into the Trust Account an additional $1,896,637.50 to make the total amount on deposit in the Trust Account equal to $10.125 per Class A common share (the “First Tender Contribution”). The First Tender Contribution was funded by a combination of cash on hand held outside the Trust Account and a loan to us from our Sponsor in the principal amount of $500,000 and which bears interest at LIBOR plus 0.60%.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Expeditors International (EXPD) 13,076 0% 12.5 17% 3,647 1,596 8,382 0 636 957 11,993
CH Robinson Worldwide (CHRW) 11,672 0% 12.4 15% 4,684 3,025 16,090 0 694 1,012 12,570
Hunter Maritime Acquisition (HUNT) 10,861 0% 183 37 0 0 0 0 10,836
Brinks (BCO) 4,051 23% 12.7 2% 3,732 3,523 3,579 825 82 424 5,399
Macquarie Infrastructure (MIC) 3,412 17% 11.5 1% 7,783 4,745 1,809 307 102 510 5,882
World Fuel Services (INT) 2,265 3% 7.2 2% 5,751 3,936 38,556 1,049 143 381 2,730
Forward Air (FWRD) 1,634 27% 10.3 10% 937 387 1,355 368 91 163 1,677
Hub Group (HUBG) 1,414 13% 4.9 11% 1,930 898 3,806 514 217 321 1,562
Echo Global Logistics (ECHO) 633 9% 10.4 3% 848 472 2,320 199 25 74 771
Cryoport (CYRX) 604 51% -69.9 -7% 133 24 26 13 -9 -7 509
Radiant Logistics (RLGT) 337 26% 9.0 6% 268 140 891 230 17 41 369
Roadrunner Transportation Systems (RRTS) 337 0% -3.0 -32% 843 622 1,524 0 -269 -173 514
Adams Resources & Energy (AE) 142 0% 0.5 1% 302 152 1,840 0 3 18 10
Sino-Global Shipping America (SINO) 11 14% -1.5 -31% 21 5 40 6 -6 -5 8
Sprague Resources (SRLP) 5% -0.0 5% 946 822 3,619 189 47 131 -6
NGL Energy Partners (NGL) 3% 2.8 8% 6,395 4,303 24,810 768 537 919 2,579
Global Partners (GLP) 5% -0.1 3% 2,764 2,278 13,230 703 81 88 -10
Sunoco (SUN) 4% 8.1 4% 5,470 4,691 16,805 639 204 371 2,993
Genesis Energy (GEL) 0% 4.4 0% 6,555 4,197 2,689 0 32 571 2,490
Martin Midstream Partners (MMLP) 35% -7.1 -22% 701 738 910 320 -156 -84 594

Balance Sheet ($MM)2018-12-312018-12-31
Cash250
Accounts Receivable3
Inventory
PP&E2
Assets18322
Accounts Payable0
Long-Term Debt
Liabilities376
Stockholders' Equity1465
Income Statement ($MM)2018-12-312018-12-31
Revenue2650
Cost of Revenue
Gross Profit
R&D17
SG&A1721
Tax190
Net Income60-2
Cash Flow ($MM)2018-12-312018-12-31
Cash Operating76-3
Cash Investing-89133
Cash Financing3-131