Logo image of GLBS

GLOBUS MARITIME LIMITED (GLBS) Stock Fundamental Analysis

NASDAQ:GLBS - Nasdaq - MHY272651263 - Common Stock - Currency: USD

1.3348  -0.02 (-1.13%)

Fundamental Rating

3

GLBS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. The financial health of GLBS is average, but there are quite some concerns on its profitability. GLBS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

2

1. Profitability

1.1 Basic Checks

GLBS had positive earnings in the past year.
In the past year GLBS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: GLBS reported negative net income in multiple years.
In multiple years GLBS reported negative operating cash flow during the last 5 years.
GLBS Yearly Net Income VS EBIT VS OCF VS FCFGLBS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M

1.2 Ratios

With a Return On Assets value of 2.66%, GLBS is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
GLBS has a worse Return On Equity (3.82%) than 71.43% of its industry peers.
GLBS has a Return On Invested Capital of 0.68%. This is in the lower half of the industry: GLBS underperforms 71.43% of its industry peers.
Industry RankSector Rank
ROA 2.66%
ROE 3.82%
ROIC 0.68%
ROA(3y)7.03%
ROA(5y)-12.85%
ROE(3y)9.14%
ROE(5y)-76.2%
ROIC(3y)N/A
ROIC(5y)N/A
GLBS Yearly ROA, ROE, ROICGLBS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200 -300

1.3 Margins

Looking at the Profit Margin, with a value of 21.32%, GLBS is in line with its industry, outperforming 50.00% of the companies in the same industry.
GLBS has a worse Operating Margin (6.56%) than 82.14% of its industry peers.
GLBS has a Gross Margin of 53.72%. This is comparable to the rest of the industry: GLBS outperforms 53.57% of its industry peers.
GLBS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.56%
PM (TTM) 21.32%
GM 53.72%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.12%
GM growth 5Y-2.55%
GLBS Yearly Profit, Operating, Gross MarginsGLBS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200

More info and screens

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLBS is destroying value.
GLBS has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for GLBS has been increased compared to 5 years ago.
The debt/assets ratio for GLBS is higher compared to a year ago.
GLBS Yearly Shares OutstandingGLBS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
GLBS Yearly Total Debt VS Total AssetsGLBS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

Based on the Altman-Z score of 0.14, we must say that GLBS is in the distress zone and has some risk of bankruptcy.
GLBS's Altman-Z score of 0.14 is on the low side compared to the rest of the industry. GLBS is outperformed by 67.86% of its industry peers.
GLBS has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
GLBS has a better Debt to Equity ratio (0.35) than 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF N/A
Altman-Z 0.14
ROIC/WACC0.1
WACC6.73%
GLBS Yearly LT Debt VS Equity VS FCFGLBS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M

2.3 Liquidity

A Current Ratio of 7.33 indicates that GLBS has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 7.33, GLBS belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
GLBS has a Quick Ratio of 7.26. This indicates that GLBS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 7.26, GLBS belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 7.33
Quick Ratio 7.26
GLBS Yearly Current Assets VS Current LiabilitesGLBS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

More info and screens

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 55.56% over the past year.
The Revenue for GLBS has decreased by -49.47% in the past year. This is quite bad
Measured over the past years, GLBS shows a quite strong growth in Revenue. The Revenue has been growing by 12.46% on average per year.
EPS 1Y (TTM)55.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-117.65%
Revenue 1Y (TTM)-49.47%
Revenue growth 3Y38.48%
Revenue growth 5Y12.46%
Sales Q2Q%16.54%

3.2 Future

The Earnings Per Share is expected to decrease by -10.95% on average over the next years. This is quite bad
Based on estimates for the next years, GLBS will show a very strong growth in Revenue. The Revenue will grow by 25.43% on average per year.
EPS Next Y-88.23%
EPS Next 2Y-46.86%
EPS Next 3Y-10.95%
EPS Next 5YN/A
Revenue Next Year18.06%
Revenue Next 2Y30.09%
Revenue Next 3Y25.43%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GLBS Yearly Revenue VS EstimatesGLBS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
GLBS Yearly EPS VS EstimatesGLBS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 500 1K 1.5K

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 9.53, which indicates a very decent valuation of GLBS.
Compared to the rest of the industry, the Price/Earnings ratio of GLBS is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 29.62, GLBS is valued rather cheaply.
GLBS is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 9.53
Fwd PE N/A
GLBS Price Earnings VS Forward Price EarningsGLBS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GLBS is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.77
GLBS Per share dataGLBS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

GLBS's earnings are expected to decrease with -10.95% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-46.86%
EPS Next 3Y-10.95%

More info and screens

0

5. Dividend

5.1 Amount

GLBS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

GLOBUS MARITIME LIMITED

NASDAQ:GLBS (2/21/2025, 8:23:52 PM)

1.3348

-0.02 (-1.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)11-29 2024-11-29/amc
Earnings (Next)03-13 2025-03-13/amc
Inst Owners1.25%
Inst Owner Change-93.11%
Ins Owners1.63%
Ins Owner ChangeN/A
Market Cap27.47M
Analysts82.86
Price Target4.08 (205.66%)
Short Float %4.24%
Short Ratio13.02
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)171.57%
Min EPS beat(2)50.98%
Max EPS beat(2)292.16%
EPS beat(4)4
Avg EPS beat(4)120.45%
Min EPS beat(4)19.05%
Max EPS beat(4)292.16%
EPS beat(8)5
Avg EPS beat(8)45.16%
EPS beat(12)9
Avg EPS beat(12)86.23%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)7.06%
Min Revenue beat(2)-5.48%
Max Revenue beat(2)19.61%
Revenue beat(4)2
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-38.79%
Max Revenue beat(4)20.18%
Revenue beat(8)4
Avg Revenue beat(8)1.96%
Revenue beat(12)8
Avg Revenue beat(12)8.76%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-40%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.08%
Valuation
Industry RankSector Rank
PE 9.53
Fwd PE N/A
P/S 0.86
P/FCF N/A
P/OCF 3.67
P/B 0.15
P/tB 0.15
EV/EBITDA 3.77
EPS(TTM)0.14
EY10.49%
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)0.36
OCFY27.27%
SpS1.56
BVpS8.7
TBVpS8.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.66%
ROE 3.82%
ROCE 0.86%
ROIC 0.68%
ROICexc 0.96%
ROICexgc 0.96%
OM 6.56%
PM (TTM) 21.32%
GM 53.72%
FCFM N/A
ROA(3y)7.03%
ROA(5y)-12.85%
ROE(3y)9.14%
ROE(5y)-76.2%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.12%
GM growth 5Y-2.55%
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF N/A
Debt/EBITDA 8.98
Cap/Depr 407.67%
Cap/Sales 61.76%
Interest Coverage 0.62
Cash Conversion 107.77%
Profit Quality N/A
Current Ratio 7.33
Quick Ratio 7.26
Altman-Z 0.14
F-Score6
WACC6.73%
ROIC/WACC0.1
Cap/Depr(3y)622.15%
Cap/Depr(5y)528.26%
Cap/Sales(3y)56.17%
Cap/Sales(5y)65.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)55.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-117.65%
EPS Next Y-88.23%
EPS Next 2Y-46.86%
EPS Next 3Y-10.95%
EPS Next 5YN/A
Revenue 1Y (TTM)-49.47%
Revenue growth 3Y38.48%
Revenue growth 5Y12.46%
Sales Q2Q%16.54%
Revenue Next Year18.06%
Revenue Next 2Y30.09%
Revenue Next 3Y25.43%
Revenue Next 5YN/A
EBIT growth 1Y249.01%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year140.43%
EBIT Next 3Y81.07%
EBIT Next 5YN/A
FCF growth 1Y-460.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-82.52%
OCF growth 3YN/A
OCF growth 5YN/A