Company Quick10K Filing
Seaspan
20-F 2018-12-31 Filed 2019-03-26
20-F 2017-12-31 Filed 2018-03-06
20-F 2016-12-31 Filed 2017-03-06
20-F 2015-12-31 Filed 2016-03-10
20-F 2014-12-31 Filed 2015-03-10
20-F 2013-12-31 Filed 2014-03-11
20-F 2012-12-31 Filed 2013-03-19
20-F 2011-12-31 Filed 2012-03-26
20-F 2010-12-31 Filed 2011-03-30
20-F 2009-12-31 Filed 2010-03-19

Seaspan Financials

SSW Metrics, Comps, Filings

Quarterly | Annual

Business

Seaspan Corporation was incorporated in the Republic of the Marshall Islands in May 2005 to acquire all of the containership business of Seaspan Container Lines Limited. In August 2005, we completed our initial public offering. From an initial operating fleet of 10 vessels, we have grown to an operating fleet of 112 vessels as of March 1, 2019.

We maintain our principal executive offices at Unit 2, 2nd Floor, Bupa Centre, 141 Connaught Road West, Hong Kong, China. Our telephone number is (852) 2540-1686.

We are a leading independent charter owner and manager of containerships, which we charter primarily pursuant to long-term, fixed-rate time charters with major container liner companies. As of March 1, 2019, we operated a fleet of 112 containerships that have an average age of approximately six years, on a TEU weighted basis.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Golar LNG (GLNG) 2,170 0% 4,807 2,981 0 0 0 0 4,031
Matson (MATX) 1,665 0% 12.0 3% 2,754 1,956 2,227 0 88 209 2,516
Euronav (EURN) 1,547 0% 4,127 0 0 0 0 1,436
Seaspan (SSW) 1,403 0% 7,478 4,970 0 0 0 0 4,629
Gaslog (GLOG) 1,366 0% 5,175 0 0 0 0 1,366
Ship Finance International (SFL) 1,294 0% 3,878 2,698 0 0 0 0 3,182
Teekay LNG Partners (TGP) 956 0% 5,385 3,502 0 0 0 0 2,721
Frontline (FRO) 944 0% 3,078 1,914 0 0 0 0 2,617
SEACOR Holdings (CKH) 1,033 0% 11.2 3% 1,530 718 821 0 41 114 1,273
Tidewater (TDW) 618 26% -9.6 -10% 1,754 679 478 124 -171 -71 679
Gaslog Partners (GLOP) 854 0% 2,489 0 0 0 0 854
Golden Ocean Group (GOGL) 852 0% 2,951 1,428 0 0 0 0 1,829
Star Bulk Carriers (SBLK) 815 0% 3,022 1,502 0 0 0 0 601
Malibu Boats (MBUU) 769 24% 7.5 15% 480 266 733 176 74 113 851
Golar LNG Partners (GMLP) 742 0% 2,241 1,481 0 0 0 0 1,756
Knot Offshore Partners (KNOP) 591 0% 1,837 1,105 0 0 0 0 1,636
DHT Holdings (DHT) 581 0% 1,864 1,002 0 0 0 0 1,548
Marine Products (MPX) 509 22% 15.3 21% 119 37 244 55 25 32 486
DryShips (DRYS) 540 0% 1,011 374 0 0 0 0 675
Navigator Holdings (NVGS) 513 0% 1,833 878 0 0 0 0 1,117

Balance Sheet ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash393476202216368253371
Accounts Receivable10682424311213
Inventory
PP&E5,4175,7135,9916,3596,4326,2628,004
Assets5,6515,9485,8956,1095,6585,8787,478
Accounts Payable
Long-Term Debt3,0913,2423,3823,3872,8852,4513,597
Liabilities4,4324,3764,1504,3333,9113,9294,970
Stockholders' Equity1,2191,5721,7451,7761,7471,9492,460
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing