Critical Analysis: United Maritime (NASDAQ:USEA) versus Britannia Bulk (OTCMKTS:BBLKF)

Britannia Bulk (OTCMKTS:BBLKF) and United Maritime (NASDAQ:USEA) are both transportation companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, analyst recommendations, risk, valuation, institutional ownership and earnings.

Earnings and Valuation

This table compares Britannia Bulk and United Maritime”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Britannia Bulk	N/A	N/A	N/A	N/A	N/A
United Maritime	$45.44 million	0.34	-$3.38 million	($0.72)	-2.30

Britannia Bulk has higher earnings, but lower revenue than United Maritime.

Analyst Recommendations

This is a breakdown of recent recommendations for Britannia Bulk and United Maritime, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Britannia Bulk	0	0	0	0	0.00
United Maritime	1	0	0	0	1.00

Given Britannia Bulk’s higher possible upside, equities research analysts clearly believe Britannia Bulk is more favorable than United Maritime.

Volatility & Risk

Britannia Bulk has a beta of 8.01, suggesting that its share price is 701% more volatile than the S&P 500. Comparatively, United Maritime has a beta of 0.91, suggesting that its share price is 9% less volatile than the S&P 500.

Insider & Institutional Ownership

1.6% of United Maritime shares are owned by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Britannia Bulk and United Maritime’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Britannia Bulk	N/A	N/A	N/A
United Maritime	-14.64%	-9.88%	-3.45%

Summary

Britannia Bulk beats United Maritime on 5 of the 8 factors compared between the two stocks.

About Britannia Bulk

Britannia Bulk Holdings Inc., together with its subsidiaries, provides drybulk shipping and maritime logistics services. It primarily transports coal, fertilizers, scrap metals, iron-ore, grain, and other bulk cargoes from the Baltic region to Northern and Western Europe. The company’s logistics services include port modification, fendering, lightening, dredging of berths, maximizing vessel throughput in ports, provision of floating cranes, and self-discharging equipment. The company serves power companies, coal producers, and commodity trading houses. Britannia Bulk Holdings Inc. was formerly known as Britannia Bulk PLC and changed its name to Britannia Bulk Holdings Inc. in June 2008. The company was founded in 1999 and is headquartered in London, the United Kingdom. As of 2010, Britannia Bulk Holdings Inc. is in liquidation.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.