GREAT LAKES DREDGE & DOCK CO (GLDD)
US3906071093 - Common Stock
We assign a fundamental rating of 4 out of 10 to GLDD. GLDD was compared to 44 industry peers in the Construction & Engineering industry. While GLDD is still in line with the averages on profitability rating, there are concerns on its financial health. GLDD is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLDD was profitable.
GLDD had a positive operating cash flow in the past year.
Of the past 5 years GLDD 4 years were profitable.
GLDD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLDD has a Return On Assets of 5.16%. This is in the better half of the industry: GLDD outperforms 76.74% of its industry peers.
The Return On Equity of GLDD (13.89%) is better than 76.74% of its industry peers.
The Return On Invested Capital of GLDD (6.50%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.16% | ||
| ROE | 13.89% | ||
| ROIC | 6.5% |
ROA(3y)0.91%
ROA(5y)3.02%
ROE(3y)2.24%
ROE(5y)8.69%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GLDD has a Profit Margin of 7.97%. This is amongst the best in the industry. GLDD outperforms 93.02% of its industry peers.
In the last couple of years the Profit Margin of GLDD has declined.
With an excellent Operating Margin value of 11.17%, GLDD belongs to the best of the industry, outperforming 86.05% of the companies in the same industry.
GLDD's Operating Margin has declined in the last couple of years.
GLDD has a better Gross Margin (20.27%) than 65.12% of its industry peers.
GLDD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.17% | ||
| PM (TTM) | 7.97% | ||
| GM | 20.27% |
OM growth 3Y-38.11%
OM growth 5Y-17.31%
PM growth 3Y-36.03%
PM growth 5YN/A
GM growth 3Y-17.33%
GM growth 5Y-6%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLDD is destroying value.
GLDD has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GLDD has been increased compared to 5 years ago.
Compared to 1 year ago, GLDD has a worse debt to assets ratio.
2.2 Solvency
GLDD has an Altman-Z score of 1.75. This is a bad value and indicates that GLDD is not financially healthy and even has some risk of bankruptcy.
GLDD has a Altman-Z score of 1.75. This is in the lower half of the industry: GLDD underperforms 74.42% of its industry peers.
A Debt/Equity ratio of 0.97 indicates that GLDD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.97, GLDD is doing worse than 72.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.75 |
ROIC/WACC0.64
WACC10.21%
2.3 Liquidity
GLDD has a Current Ratio of 1.21. This is a normal value and indicates that GLDD is financially healthy and should not expect problems in meeting its short term obligations.
GLDD has a worse Current ratio (1.21) than 74.42% of its industry peers.
GLDD has a Quick Ratio of 1.01. This is a normal value and indicates that GLDD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.01, GLDD is doing worse than 79.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 250.00% over the past year.
The earnings per share for GLDD have been decreasing by -40.36% on average. This is quite bad
GLDD shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.73%.
GLDD shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.03% yearly.
EPS 1Y (TTM)250%
EPS 3Y-40.36%
EPS 5YN/A
EPS Q2Q%244.44%
Revenue 1Y (TTM)33.73%
Revenue growth 3Y-7.02%
Revenue growth 5Y-1.03%
Sales Q2Q%63.14%
3.2 Future
Based on estimates for the next years, GLDD will show a very strong growth in Earnings Per Share. The EPS will grow by 102.89% on average per year.
The Revenue is expected to grow by 17.52% on average over the next years. This is quite good.
EPS Next Y284.93%
EPS Next 2Y102.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year28.78%
Revenue Next 2Y17.52%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
GLDD is valuated correctly with a Price/Earnings ratio of 14.28.
Based on the Price/Earnings ratio, GLDD is valued cheaper than 95.35% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.29. GLDD is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 14.37, which indicates a correct valuation of GLDD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLDD indicates a rather cheap valuation: GLDD is cheaper than 86.05% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GLDD to the average of the S&P500 Index (24.01), we can say GLDD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 14.37 |
4.2 Price Multiples
GLDD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GLDD is cheaper than 90.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.83 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GLDD's earnings are expected to grow with 102.89% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y102.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for GLDD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
GREAT LAKES DREDGE & DOCK CO
NASDAQ:GLDD (11/25/2024, 12:27:17 PM)
12.42
+0.09 (+0.73%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap835.49M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 14.37 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.16% | ||
| ROE | 13.89% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.17% | ||
| PM (TTM) | 7.97% | ||
| GM | 20.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)250%
EPS 3Y-40.36%
EPS 5Y
EPS Q2Q%
EPS Next Y284.93%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)33.73%
Revenue growth 3Y-7.02%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
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FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y