Gulf Navigation Holding PJSC Past Earnings Performance
Past criteria checks 2/6
Gulf Navigation Holding PJSC has been growing earnings at an average annual rate of 39.3%, while the Shipping industry saw earnings growing at 29% annually. Revenues have been declining at an average rate of 6.3% per year. Gulf Navigation Holding PJSC's return on equity is 3.6%, and it has net margins of 20.2%.
Key information
39.3%
Earnings growth rate
38.8%
EPS growth rate
| Shipping Industry Growth | 41.6% |
| Revenue growth rate | -6.3% |
| Return on equity | 3.6% |
| Net Margin | 20.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Gulf Navigation Holding PJSC's (DFM:GULFNAV) Earnings Are Built On Soft Foundations
Apr 07
Why Investors Shouldn't Be Surprised By Gulf Navigation Holding PJSC's (DFM:GULFNAV) 33% Share Price Surge
Apr 18Gulf Navigation Holding PJSC (DFM:GULFNAV) Hasn't Managed To Accelerate Its Returns
Apr 12Gulf Navigation Holding PJSC's (DFM:GULFNAV) Solid Earnings May Rest On Weak Foundations
Apr 08How Much Did Gulf Navigation Holding PJSC's(DFM:GULFNAV) Shareholders Earn From Share Price Movements Over The Last Three Years?
Feb 23Revenue & Expenses BreakdownBeta
How Gulf Navigation Holding PJSC makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 106 | 21 | 26 | 0 |
| 30 Sep 23 | 116 | 38 | 17 | 0 |
| 30 Jun 23 | 130 | 35 | 18 | 0 |
| 31 Mar 23 | 141 | 17 | 13 | 0 |
| 31 Dec 22 | 137 | -7 | 13 | 0 |
| 30 Sep 22 | 134 | -6 | 14 | 0 |
| 30 Jun 22 | 129 | -25 | 18 | 0 |
| 31 Mar 22 | 123 | -20 | 17 | 0 |
| 31 Dec 21 | 119 | 58 | 16 | 0 |
| 30 Sep 21 | 124 | -153 | 14 | 0 |
| 30 Jun 21 | 137 | -153 | 12 | 0 |
| 31 Mar 21 | 140 | -186 | 16 | 0 |
| 31 Dec 20 | 143 | -284 | 16 | 0 |
| 30 Sep 20 | 144 | -344 | 22 | 0 |
| 30 Jun 20 | 148 | -348 | 25 | 0 |
| 31 Mar 20 | 155 | -332 | 26 | 0 |
| 31 Dec 19 | 166 | -325 | 30 | 0 |
| 30 Sep 19 | 167 | -68 | 36 | 0 |
| 30 Jun 19 | 162 | -53 | 39 | 0 |
| 31 Mar 19 | 154 | -56 | 40 | 0 |
| 31 Dec 18 | 147 | -40 | 40 | 0 |
| 30 Sep 18 | 149 | -9 | 33 | 0 |
| 30 Jun 18 | 149 | 6 | 28 | 0 |
| 31 Mar 18 | 146 | 36 | 26 | 0 |
| 31 Dec 17 | 138 | 40 | 26 | 0 |
| 30 Sep 17 | 130 | 36 | 26 | 0 |
| 30 Jun 17 | 123 | 141 | 26 | 0 |
| 31 Mar 17 | 125 | 139 | 28 | 0 |
| 31 Dec 16 | 130 | 137 | 27 | 0 |
| 30 Sep 16 | 134 | 136 | 20 | 0 |
| 30 Jun 16 | 136 | 24 | 20 | 0 |
| 31 Mar 16 | 137 | 22 | 18 | 0 |
| 31 Dec 15 | 135 | 20 | 18 | 0 |
| 30 Sep 15 | 133 | 19 | 20 | 0 |
| 30 Jun 15 | 132 | 16 | 20 | 0 |
| 31 Mar 15 | 129 | 14 | 21 | 0 |
| 31 Dec 14 | 128 | 10 | 19 | 0 |
| 30 Sep 14 | 113 | -277 | 32 | 0 |
| 30 Jun 14 | 120 | -894 | 32 | 0 |
| 31 Mar 14 | 129 | -908 | 31 | 0 |
| 31 Dec 13 | 137 | -928 | 31 | 0 |
| 30 Sep 13 | 166 | -763 | 33 | 0 |
| 30 Jun 13 | 172 | -165 | 33 | 0 |
Quality Earnings: GULFNAV has a large one-off gain of AED56.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: GULFNAV became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GULFNAV has become profitable over the past 5 years, growing earnings by 39.3% per year.
Accelerating Growth: GULFNAV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GULFNAV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (-21.8%).
Return on Equity
High ROE: GULFNAV's Return on Equity (3.6%) is considered low.