Company Quick10K Filing
Seaspan
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 177 $1,403
20-F 2019-03-26 Annual: 2018-12-31
20-F 2018-03-06 Annual: 2017-12-31
20-F 2017-03-06 Annual: 2016-12-31
20-F 2016-03-10 Annual: 2015-12-31
20-F 2015-03-10 Annual: 2014-12-31
20-F 2014-03-11 Annual: 2013-12-31
20-F 2013-03-19 Annual: 2012-12-31
20-F 2012-03-26 Annual: 2011-12-31
20-F 2011-03-30 Annual: 2010-12-31
20-F 2010-03-19 Annual: 2009-12-31

Seaspan Financials

SSW Metrics, Comps, Filings

Annual | Quarterly

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 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
Golar LNG (GLNG) 2,170 0% 4,807 2,981 0 0 0 0 4,031
Matson (MATX) 1,621 0% 10.4 4% 2,658 1,892 2,245 0 93 235 2,433
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) 907 0% 6.7 4% 1,603 695 841 0 62 161 1,080
Tidewater (TDW) 866 3% -17.8 -9% 1,792 679 457 12 -158 -51 911
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) 771 24% 8.0 15% 451 241 684 166 70 107 857
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) 557 22% 14.5 25% 114 35 306 68 29 38 544
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 ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash393476202216368253371
Accounts Receivable10682424311213
Inventory
PP&E4,8635,7135,0965,2784,8844,5375,926
Assets5,6515,9485,8956,1095,6585,8787,478
Accounts Payable
Long-Term Debt2,6413,2423,3823,3872,8852,4513,488
Liabilities4,4324,3764,1504,3333,9113,9294,970
Stockholders' Equity1,2191,5721,7451,7761,7471,9492,460
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue6616777178198788311,096
Cost of Revenue
Gross Profit
R&D
SG&A25353027324032
Tax
Net Income121299131199-139175279
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating311329343336311323484
Cash Investing-217-296-538-717-266-284-586
Cash Financing-18162-79395107-154206