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GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Fundamental Analysis

NASDAQ:GLDD - Nasdaq - US3906071093 - Common Stock - Currency: USD

10.76  -0.39 (-3.5%)

After market: 10.76 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GLDD. GLDD was compared to 45 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.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year GLDD was profitable.
GLDD had a positive operating cash flow in the past year.
GLDD had positive earnings in 4 of the past 5 years.
GLDD had a positive operating cash flow in each of the past 5 years.
GLDD Yearly Net Income VS EBIT VS OCF VS FCFGLDD 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 100M -100M

1.2 Ratios

GLDD has a Return On Assets of 5.16%. This is in the better half of the industry: GLDD outperforms 75.00% of its industry peers.
GLDD has a better Return On Equity (13.89%) than 72.73% of its industry peers.
With a Return On Invested Capital value of 6.50%, GLDD perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
Industry RankSector 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
GLDD Yearly ROA, ROE, ROICGLDD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

1.3 Margins

Looking at the Profit Margin, with a value of 7.97%, GLDD belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
In the last couple of years the Profit Margin of GLDD has declined.
Looking at the Operating Margin, with a value of 11.17%, GLDD belongs to the top of the industry, outperforming 88.64% of the companies in the same industry.
GLDD's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 20.27%, GLDD is doing good in the industry, outperforming 63.64% of the companies in the same industry.
In the last couple of years the Gross Margin of GLDD has declined.
Industry RankSector 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%
GLDD Yearly Profit, Operating, Gross MarginsGLDD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 15 20

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
GLDD has a worse debt/assets ratio than last year.
GLDD Yearly Shares OutstandingGLDD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
GLDD Yearly Total Debt VS Total AssetsGLDD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

GLDD has an Altman-Z score of 1.68. 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 1.68. This is in the lower half of the industry: GLDD underperforms 65.91% of its industry peers.
GLDD has a Debt/Equity ratio of 0.97. This is a neutral value indicating GLDD is somewhat dependend on debt financing.
GLDD's Debt to Equity ratio of 0.97 is on the low side compared to the rest of the industry. GLDD is outperformed by 65.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.57
WACC11.42%
GLDD Yearly LT Debt VS Equity VS FCFGLDD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M

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.
With a Current ratio value of 1.21, GLDD is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
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.
GLDD has a worse Quick ratio (1.01) than 77.27% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 1.01
GLDD Yearly Current Assets VS Current LiabilitesGLDD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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6

3. Growth

3.1 Past

GLDD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 250.00%, which is quite impressive.
Measured over the past years, GLDD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -40.36% on average per year.
The Revenue has grown by 33.73% in the past year. This is a very strong growth!
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 67.64% on average per year.
Based on estimates for the next years, GLDD will show a quite strong growth in Revenue. The Revenue will grow by 15.86% on average per year.
EPS Next Y280.07%
EPS Next 2Y101.99%
EPS Next 3Y67.64%
EPS Next 5YN/A
Revenue Next Year30.02%
Revenue Next 2Y17.88%
Revenue Next 3Y15.86%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GLDD Yearly Revenue VS EstimatesGLDD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
GLDD Yearly EPS VS EstimatesGLDD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 1

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6

4. Valuation

4.1 Price/Earnings Ratio

GLDD is valuated correctly with a Price/Earnings ratio of 12.37.
GLDD's Price/Earnings ratio is rather cheap when compared to the industry. GLDD is cheaper than 95.45% of the companies in the same industry.
When comparing the Price/Earnings ratio of GLDD to the average of the S&P500 Index (28.39), we can say GLDD is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 12.56, the valuation of GLDD can be described as correct.
GLDD's Price/Forward Earnings ratio is rather cheap when compared to the industry. GLDD is cheaper than 93.18% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GLDD to the average of the S&P500 Index (24.37), we can say GLDD is valued slightly cheaper.
Industry RankSector Rank
PE 12.37
Fwd PE 12.56
GLDD Price Earnings VS Forward Price EarningsGLDD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

GLDD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GLDD is cheaper than 93.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.2
GLDD Per share dataGLDD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

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 67.64% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y101.99%
EPS Next 3Y67.64%

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0

5. Dividend

5.1 Amount

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

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GREAT LAKES DREDGE & DOCK CO

NASDAQ:GLDD (1/28/2025, 5:19:57 PM)

After market: 10.76 0 (0%)

10.76

-0.39 (-3.5%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-05 2024-11-05/bmo
Earnings (Next)02-12 2025-02-12/amc
Inst Owners83.23%
Inst Owner Change0.06%
Ins Owners2.05%
Ins Owner Change-5.97%
Market Cap723.83M
Analysts84.44
Price Target15.05 (39.87%)
Short Float %0.88%
Short Ratio1.32
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)205.01%
Min EPS beat(2)-29.19%
Max EPS beat(2)439.22%
EPS beat(4)3
Avg EPS beat(4)234.26%
Min EPS beat(4)-29.19%
Max EPS beat(4)439.22%
EPS beat(8)6
Avg EPS beat(8)117%
EPS beat(12)8
Avg EPS beat(12)23.34%
EPS beat(16)8
Avg EPS beat(16)7.27%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)1%
Max Revenue beat(2)1.81%
Revenue beat(4)3
Avg Revenue beat(4)3.04%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)12.26%
Revenue beat(8)4
Avg Revenue beat(8)-2.4%
Revenue beat(12)5
Avg Revenue beat(12)-3.19%
Revenue beat(16)5
Avg Revenue beat(16)-4.98%
PT rev (1m)0%
PT rev (3m)5.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.51%
Valuation
Industry RankSector Rank
PE 12.37
Fwd PE 12.56
P/S 0.98
P/FCF N/A
P/OCF 8.89
P/B 1.7
P/tB 2.07
EV/EBITDA 9.2
EPS(TTM)0.87
EY8.09%
EPS(NY)0.86
Fwd EY7.96%
FCF(TTM)-1.1
FCFYN/A
OCF(TTM)1.21
OCFY11.25%
SpS11.02
BVpS6.32
TBVpS5.19
PEG (NY)0.04
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.16%
ROE 13.89%
ROCE 8.56%
ROIC 6.5%
ROICexc 6.58%
ROICexgc 7.16%
OM 11.17%
PM (TTM) 7.97%
GM 20.27%
FCFM N/A
ROA(3y)0.91%
ROA(5y)3.02%
ROE(3y)2.24%
ROE(5y)8.69%
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 3Y-51.81%
ROICexcg growth 5Y-27.43%
ROICexc growth 3Y-50.88%
ROICexc growth 5Y-26.44%
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%
F-Score8
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF N/A
Debt/EBITDA 3.29
Cap/Depr 365.61%
Cap/Sales 20.92%
Interest Coverage 3.01
Cash Conversion 64.98%
Profit Quality N/A
Current Ratio 1.21
Quick Ratio 1.01
Altman-Z 1.68
F-Score8
WACC11.42%
ROIC/WACC0.57
Cap/Depr(3y)311.65%
Cap/Depr(5y)238.54%
Cap/Sales(3y)21.23%
Cap/Sales(5y)15.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)250%
EPS 3Y-40.36%
EPS 5YN/A
EPS Q2Q%244.44%
EPS Next Y280.07%
EPS Next 2Y101.99%
EPS Next 3Y67.64%
EPS Next 5YN/A
Revenue 1Y (TTM)33.73%
Revenue growth 3Y-7.02%
Revenue growth 5Y-1.03%
Sales Q2Q%63.14%
Revenue Next Year30.02%
Revenue Next 2Y17.88%
Revenue Next 3Y15.86%
Revenue Next 5YN/A
EBIT growth 1Y367.22%
EBIT growth 3Y-42.45%
EBIT growth 5Y-18.16%
EBIT Next Year1163.01%
EBIT Next 3Y150.52%
EBIT Next 5YN/A
FCF growth 1Y46.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16381.2%
OCF growth 3Y-15.61%
OCF growth 5Y-19.2%