Symbols / USEA Stock $2.30 +1.32% United Maritime Corporation

Industrials • Marine Shipping • Greece • NCM
USEA (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Marine Shipping
CEO Mr. Stamatios Tsantanis
Exch · Country NCM · Greece
Market Cap 21.94M
Enterprise Value 76.16M
Income -6.19M
Sales 37.78M
FCF (ttm) 9.79M
Book/sh 6.22
Cash/sh 1.49
Employees 6
Insider 10d —
IPO Jul 06, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 32.26%
P/E —
Forward P/E -230.00
PEG —
P/S 0.58
P/B 0.37
P/C —
EV/EBITDA 12.11
EV/Sales 2.02
Quick Ratio 0.33
Current Ratio 0.68
Debt/Eq 114.83
LT Debt/Eq —
EPS (ttm) -0.70
EPS next Y -0.01
EPS Growth —
Revenue Growth -39.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-21
Earnings (prior) 2026-03-12
ROA -0.03%
ROE -10.66%
ROIC —
Gross Margin 37.23%
Oper. Margin -9.94%
Profit Margin -16.38%
Shs Outstand 9.54M
Shs Float 7.20M
Insider Own 22.86%
Instit Own 4.12%
Short Float 7.85%
Short Ratio 17.08
Short Interest 564.78K
52W High 2.39
vs 52W High -3.77%
52W Low 1.20
vs 52W Low 91.35%
Beta 0.65
Impl. Vol. —
Rel Volume 0.32
Avg Volume 84.62K
Volume 27.43K
Target (mean) $4.00
Tgt Median $4.00
Tgt Low $4.00
Tgt High $4.00
# Analysts 1
Recom None
Prev Close $2.27
Price $2.30
Change 1.32%
About

United Maritime Corporation operates as a shipping company that offers seaborne transportation services worldwide. The company operates a fleet of six dry bulk vessels comprising one Capesize, two Kamsarmax and three Panamax vessels with an aggregate cargo-carrying capacity of approximately 577,750 dwt. United Maritime Corporation was incorporated in 2022 and is based in Glyfada, Greece.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.00
Mean price target
2. Current target
$2.30
Latest analyst target
3. DCF / Fair value
$18.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.30
Low
$4.00
High
$4.00
Mean
$4.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-06-26 init Maxim Group — → Buy $6
News
RSS: Latest USEA news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
37.78
-16.84%
45.44
+25.98%
36.07
+58.30%
22.78
Operating Revenue
37.78
-16.84%
45.44
+25.98%
36.07
+58.30%
22.78
Cost Of Revenue
31.54
-9.76%
34.95
+6.52%
32.81
+166.15%
12.33
Reconciled Cost Of Revenue
31.54
-9.76%
34.95
+6.52%
32.81
+166.15%
12.33
Gross Profit
6.25
-40.46%
10.49
+221.97%
3.26
-68.83%
10.46
Operating Expense
6.33
+0.97%
6.27
-21.43%
7.98
+31.97%
6.05
Selling General And Administration
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
General And Administrative Expense
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
Other Gand A
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
Other Operating Expenses
2.03
-10.38%
2.26
+15.11%
1.97
+273.76%
0.53
Total Expenses
37.87
-8.12%
41.22
+1.05%
40.79
+121.97%
18.38
Operating Income
-0.09
-102.04%
4.22
+189.31%
-4.72
-207.22%
4.41
Total Operating Income As Reported
-0.46
-109.44%
4.82
-31.94%
7.08
-82.52%
40.50
EBITDA
7.43
-45.94%
13.75
-12.11%
15.64
-62.25%
41.44
Normalized EBITDA
7.42
-44.69%
13.42
+230.96%
4.05
-31.77%
5.94
Reconciled Depreciation
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
EBIT
-0.39
-109.67%
4.03
-38.53%
6.56
-83.40%
39.53
Total Unusual Items
0.01
-96.97%
0.33
-97.15%
11.59
-67.36%
35.50
Total Unusual Items Excluding Goodwill
0.01
-96.97%
0.33
-97.15%
11.59
-67.36%
35.50
Special Income Charges
0.26
+28.86%
0.20
-98.28%
11.72
-66.99%
35.50
Other Special Charges
0.64
+61.21%
0.40
+367.06%
0.09
-85.67%
0.59
Impairment Of Capital Assets
2.14
+158.70%
0.83
0.00
0.00
Restructuring And Mergern Acquisition
-1.27
0.00
0.00
—
Net Income
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Pretax Income
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Non Operating Interest Income Expense
-6.20
+23.44%
-8.10
-19.98%
-6.75
-176.88%
-2.44
Interest Expense Non Operating
5.82
-21.48%
7.42
+16.95%
6.34
+210.12%
2.04
Net Interest Income
-6.20
+23.44%
-8.10
-19.98%
-6.75
-176.88%
-2.44
Interest Expense
5.82
-21.48%
7.42
+16.95%
6.34
+210.12%
2.04
Interest Income Non Operating
0.22
-30.57%
0.31
-26.98%
0.43
+3207.69%
0.01
Interest Income
0.22
-30.57%
0.31
-26.98%
0.43
+3207.69%
0.01
Other Income Expense
0.07
-84.97%
0.50
-95.73%
11.70
-67.07%
35.52
Other Non Operating Income Expenses
0.15
-51.45%
0.31
+177.68%
0.11
+330.77%
0.03
Gain On Sale Of Security
-0.25
-293.02%
0.13
+197.73%
-0.13
-2100.00%
-0.01
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
2.55
-67.36%
7.81
Net Income Including Noncontrolling Interests
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income From Continuing Operation Net Minority Interest
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income From Continuing And Discontinued Operation
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income Continuous Operations
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Minority Interests
0.03
0.00
0.00
—
Normalized Income
-6.20
-66.93%
-3.71
+57.89%
-8.82
-189.94%
9.80
Net Income Common Stockholders
-6.19
-82.91%
-3.38
-2784.92%
0.13
-99.64%
35.09
Otherunder Preferred Stock Dividend
0.00
0.00
-100.00%
0.10
-94.28%
1.66
Diluted EPS
-0.70
-79.49%
-0.39
-2050.00%
0.02
-99.59%
4.92
Basic EPS
-0.70
-79.49%
-0.39
-2050.00%
0.02
-99.74%
7.79
Basic Average Shares
8.87
+1.77%
8.71
+4.22%
8.36
+85.63%
4.50
Diluted Average Shares
8.87
+0.86%
8.79
+5.16%
8.36
+14.52%
7.30
Diluted NI Availto Com Stockholders
-6.19
-82.91%
-3.38
-2784.92%
0.13
-99.64%
35.09
Depreciation Amortization Depletion Income Statement
—
—
—
—
Depreciation And Amortization In Income Statement
—
—
—
—
Depreciation Income Statement
—
—
—
—
Earnings From Equity Interest
-0.09
+39.44%
-0.14
0.00
0.00
Gain On Sale Of PPE
1.77
+24.33%
1.43
-87.92%
11.80
-67.30%
36.09
Preferred Stock Dividends
—
—
—
0.74
Total Other Finance Cost
0.60
-40.24%
1.00
+18.79%
0.84
+106.63%
0.41
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
138.68
-19.41%
172.07
-1.56%
174.81
+39.12%
125.66
Current Assets
33.09
+35.16%
24.48
+28.25%
19.09
-68.08%
59.81
Cash Cash Equivalents And Short Term Investments
14.16
+120.90%
6.41
-53.54%
13.80
-74.78%
54.73
Cash And Cash Equivalents
14.16
+120.90%
6.41
-53.54%
13.80
-74.78%
54.73
Receivables
1.81
+25.75%
1.44
+264.72%
0.39
-49.42%
0.78
Accounts Receivable
1.42
-1.11%
1.44
+470.24%
0.25
-67.65%
0.78
Inventory
0.36
-44.15%
0.65
-2.11%
0.66
+520.56%
0.11
Prepaid Assets
0.41
-31.28%
0.60
+10.07%
0.55
-44.79%
0.99
Restricted Cash
0.40
0.00
—
—
Assets Held For Sale Current
14.74
-0.91%
14.88
0.00
—
Other Current Assets
1.20
+138.57%
0.50
-86.35%
3.69
+14.90%
3.21
Total Non Current Assets
105.59
-28.46%
147.59
-5.22%
155.72
+136.50%
65.84
Net PPE
85.14
-38.37%
138.15
-9.43%
152.53
+203.83%
50.20
Gross PPE
91.35
-38.32%
148.10
-7.48%
160.08
+211.10%
51.46
Accumulated Depreciation
-6.21
+37.65%
-9.95
-31.74%
-7.56
-501.11%
-1.26
Machinery Furniture Equipment
—
—
—
51.46
Construction In Progress
—
—
0.00
-100.00%
12.69
Other Properties
—
—
47.71
—
Investments And Advances
17.41
+385.14%
3.59
0.00
—
Long Term Equity Investment
17.41
+385.14%
3.59
0.00
—
Non Current Deferred Assets
1.60
-63.27%
4.35
+74.62%
2.49
+464.63%
0.44
Non Current Prepaid Assets
1.45
+25.11%
1.16
0.00
—
Other Non Current Assets
24.23
+6823.43%
0.35
-50.00%
0.70
-95.39%
15.20
Total Liabilities Net Minority Interest
82.22
-26.58%
111.98
+2.80%
108.94
+78.33%
61.09
Current Liabilities
48.64
+45.13%
33.52
-36.87%
53.09
+110.56%
25.21
Payables And Accrued Expenses
16.78
+34.92%
12.44
-0.13%
12.46
-25.49%
16.71
Payables
12.71
+30.24%
9.76
+121.25%
4.41
-60.70%
11.22
Accounts Payable
2.40
+31.87%
1.82
-44.89%
3.31
+9.61%
3.02
Dividends Payable
0.82
+23.38%
0.66
+1.69%
0.65
-91.16%
7.37
Current Accrued Expenses
4.08
+51.94%
2.68
-66.66%
8.04
+46.41%
5.50
Current Debt And Capital Lease Obligation
31.27
+58.85%
19.68
-50.93%
40.11
+436.75%
7.47
Current Debt
14.33
-18.83%
17.65
+103.08%
8.69
+16.30%
7.47
Other Current Borrowings
14.33
-18.83%
17.65
+103.08%
8.69
+16.30%
7.47
Current Capital Lease Obligation
16.94
+733.56%
2.03
-93.53%
31.42
0.00
Current Deferred Liabilities
0.59
-57.49%
1.40
+164.71%
0.53
-48.69%
1.03
Current Deferred Revenue
0.59
-57.49%
1.40
+164.71%
0.53
-48.69%
1.03
Total Non Current Liabilities Net Minority Interest
33.57
-57.21%
78.47
+40.52%
55.84
+55.67%
35.87
Long Term Debt And Capital Lease Obligation
33.57
-56.98%
78.04
+39.75%
55.84
+58.95%
35.13
Long Term Debt
33.57
-45.05%
61.10
+9.42%
55.84
+58.95%
35.13
Long Term Capital Lease Obligation
0.00
-100.00%
16.94
0.00
—
Other Non Current Liabilities
17.38
+3959.81%
0.43
—
0.74
Stockholders Equity
52.92
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Common Stock Equity
52.91
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Capital Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
-100.00%
0.00
+0.00%
0.00
+0.00%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
9.08
+2.71%
8.84
+1.72%
8.69
+6.29%
8.18
Ordinary Shares Number
9.08
+2.71%
8.84
+1.72%
8.69
+6.29%
8.18
Additional Paid In Capital
39.45
+0.71%
39.18
+0.67%
38.92
+10.58%
35.19
Retained Earnings
13.45
-35.68%
20.91
-22.40%
26.95
-8.25%
29.37
Gains Losses Not Affecting Retained Earnings
0.01
+275.00%
-0.00
0.00
—
Minority Interest
3.55
0.00
—
—
Other Equity Adjustments
0.01
+275.00%
-0.00
—
—
Total Equity Gross Minority Interest
56.47
-6.03%
60.09
-8.78%
65.87
+2.01%
64.57
Total Capitalization
86.49
-28.63%
121.19
-0.43%
121.71
+88.50%
64.57
Working Capital
-15.55
-72.15%
-9.03
+73.43%
-34.00
-198.28%
34.60
Invested Capital
100.82
-27.39%
138.84
+6.47%
130.40
+81.01%
72.04
Total Debt
64.84
-33.65%
97.72
+1.84%
95.95
+125.21%
42.61
Net Debt
33.74
-53.36%
72.34
+42.59%
50.73
—
Capital Lease Obligations
16.94
-10.71%
18.97
-39.62%
31.42
0.00
Net Tangible Assets
52.92
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Tangible Book Value
52.91
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Duefrom Related Parties Current
0.39
0.00
-100.00%
0.14
0.00
Dueto Related Parties Current
9.49
+30.46%
7.27
+1515.78%
0.45
-45.72%
0.83
Preferred Stock Equity
0.00
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2.21
-32.23%
3.26
+152.41%
-6.23
-179.09%
7.88
Cash Flow From Continuing Operating Activities
2.21
-32.23%
3.26
+152.41%
-6.23
-179.09%
7.88
Net Income From Continuing Operations
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Depreciation Amortization Depletion
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Depreciation
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Depreciation And Amortization
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Other Non Cash Items
3.70
-16.81%
4.44
+316.89%
1.07
+107.39%
0.51
Stock Based Compensation
0.48
-38.00%
0.78
-69.11%
2.52
-9.57%
2.79
Asset Impairment Charge
2.14
+158.70%
0.83
0.00
0.00
Operating Gains Losses
-2.64
-133.27%
-1.13
+90.35%
-11.74
+66.94%
-35.50
Gain Loss On Sale Of PPE
-1.77
-24.33%
-1.43
+87.92%
-11.80
+67.30%
-36.09
Change In Working Capital
-3.07
+61.50%
-7.98
-8.20%
-7.38
-1183.55%
0.68
Change In Receivables
0.02
+101.53%
-1.04
-370.91%
0.39
+158.33%
-0.66
Changes In Account Receivables
0.02
+101.35%
-1.19
-324.86%
0.53
+179.85%
-0.66
Change In Inventory
0.31
+481.71%
-0.08
+84.56%
-0.53
-710.34%
0.09
Change In Prepaid Assets
0.19
+441.82%
-0.06
-112.42%
0.44
+144.75%
-0.99
Change In Payables And Accrued Expense
-0.33
+92.28%
-4.27
-262.51%
-1.18
-125.56%
4.61
Change In Accrued Expense
-0.05
+99.00%
-4.98
-535.99%
1.14
-83.22%
6.80
Change In Payable
-0.28
-139.72%
0.70
+130.37%
-2.32
-5.89%
-2.19
Change In Account Payable
-1.69
+4.26%
-1.76
-12.52%
-1.57
+43.81%
-2.79
Change In Other Working Capital
-2.74
+51.98%
-5.71
+5.10%
-6.02
-721.16%
0.97
Change In Other Current Assets
-0.52
-116.28%
3.18
+765.69%
-0.48
+85.10%
-3.21
Change In Other Current Liabilities
—
0.00
0.00
+100.00%
-0.13
Investing Cash Flow
40.43
+408.63%
7.95
+113.44%
-59.14
-1011.50%
6.49
Cash Flow From Continuing Investing Activities
40.43
+408.63%
7.95
+113.44%
-59.14
-1011.50%
6.49
Net PPE Purchase And Sale
49.74
+149.08%
19.97
+145.13%
-44.25
-782.00%
6.49
Purchase Of PPE
-0.76
-204.02%
-0.25
+99.70%
-81.75
+12.59%
-93.52
Sale Of PPE
50.50
+149.75%
20.22
-46.08%
37.50
-62.50%
100.01
Capital Expenditure
-0.76
-204.02%
-0.25
+99.70%
-81.75
+12.59%
-93.52
Net Investment Purchase And Sale
-0.29
0.00
0.00
—
Purchase Of Investment
-0.29
0.00
0.00
—
Net Business Purchase And Sale
-9.02
-141.62%
-3.73
0.00
0.00
Purchase Of Business
-4.15
0.00
0.00
—
Gain Loss On Sale Of Business
-1.27
0.00
0.00
—
Net Other Investing Changes
—
-8.29
+44.34%
-14.89
—
Financing Cash Flow
-34.84
-83.84%
-18.95
-290.76%
9.94
-82.12%
55.57
Cash Flow From Continuing Financing Activities
-34.84
-83.84%
-18.95
-290.76%
9.94
-82.12%
55.57
Net Issuance Payments Of Debt
-33.74
-81.06%
-18.63
-193.69%
19.89
-48.00%
38.25
Issuance Of Debt
2.00
-95.76%
47.15
-13.50%
54.50
-25.34%
73.00
Repayment Of Debt
-35.74
+45.67%
-65.78
-90.06%
-34.61
+0.40%
-34.75
Long Term Debt Issuance
2.00
-95.76%
47.15
-13.50%
54.50
-25.34%
73.00
Long Term Debt Payments
-35.74
+45.67%
-65.78
-90.06%
-34.61
+0.40%
-34.75
Net Long Term Debt Issuance
-33.74
-81.06%
-18.63
-193.69%
19.89
-48.00%
38.25
Net Common Stock Issuance
-0.20
+56.50%
-0.47
-138.76%
1.21
-93.62%
18.97
Common Stock Payments
-0.20
+56.50%
-0.47
+30.31%
-0.67
+88.79%
-6.00
Common Stock Dividend Paid
-1.12
+57.66%
-2.64
+71.77%
-9.36
0.00
Cash Dividends Paid
-1.12
+57.66%
-2.64
+71.77%
-9.36
-3753.50%
-0.24
Repurchase Of Capital Stock
-0.20
+56.50%
-0.47
+30.31%
-0.67
+95.92%
-16.50
Net Other Financing Charges
0.22
-92.09%
2.79
+255.14%
-1.80
-98.13%
-0.91
Changes In Cash
7.80
+200.81%
-7.74
+86.04%
-55.43
-179.26%
69.93
Beginning Cash Position
6.76
-53.37%
14.50
-79.26%
69.93
0.00
End Cash Position
14.56
+115.38%
6.76
-53.37%
14.50
-79.26%
69.93
Free Cash Flow
1.46
-51.74%
3.02
+103.43%
-87.98
-2.72%
-85.64
Interest Paid Supplemental Data
5.95
-21.75%
7.60
+19.95%
6.33
+263.87%
1.74
Common Stock Issuance
0.00
0.00
-100.00%
1.88
-92.46%
24.97
Earnings Losses From Equity Investments
0.09
-39.44%
0.14
0.00
0.00
Issuance Of Capital Stock
0.00
0.00
-100.00%
1.88
-94.62%
34.97
Net Preferred Stock Issuance
—
0.00
0.00
+100.00%
-0.50
Preferred Stock Dividend Paid
—
0.00
0.00
+100.00%
-0.24
Preferred Stock Issuance
—
0.00
0.00
-100.00%
10.00
Preferred Stock Payments
—
0.00
0.00
+100.00%
-10.50
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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