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Great Lakes Dredge & Dock

Executive Summary

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally.


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

How has Great Lakes Dredge & Dock's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5GL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

13.6%

5GL

3.0%

DE Construction

1.5%

DE Market


1 Year Return

-11.7%

5GL

-27.4%

DE Construction

6.4%

DE Market

Return vs Industry: 5GL exceeded the German Construction industry which returned -25.3% over the past year.

Return vs Market: 5GL underperformed the German Market which returned 8% over the past year.


Shareholder returns

5GLIndustryMarket
7 Day13.6%3.0%1.5%
30 Day2.6%-10.6%-0.6%
90 Day-3.0%2.3%11.0%
1 Year-11.7%-11.7%-21.6%-27.4%8.7%6.4%
3 Year157.1%157.1%-43.8%-51.1%5.7%-2.7%
5 Year60.5%60.5%8.1%-8.8%14.8%-0.7%

Price Volatility Vs. Market

How volatile is Great Lakes Dredge & Dock's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Great Lakes Dredge & Dock undervalued compared to its fair value and its price relative to the market?

9.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5GL (€7.95) is trading above our estimate of fair value (€6.29)

Significantly Below Fair Value: 5GL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 5GL is good value based on its PE Ratio (9.1x) compared to the XE Construction industry average (11.5x).

PE vs Market: 5GL is good value based on its PE Ratio (9.1x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: 5GL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 5GL is overvalued based on its PB Ratio (1.9x) compared to the XE Construction industry average (1.2x).


Next Steps

Future Growth

How is Great Lakes Dredge & Dock forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5GL's earnings are forecast to decline over the next 3 years (-10.6% per year).

Earnings vs Market: 5GL's earnings are forecast to decline over the next 3 years (-10.6% per year).

High Growth Earnings: 5GL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 5GL's revenue (1.3% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: 5GL's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 5GL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Great Lakes Dredge & Dock performed over the past 5 years?

57.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5GL has high quality earnings.

Growing Profit Margin: 5GL's current net profit margins (9.2%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: 5GL's earnings have grown significantly by 57.2% per year over the past 5 years.

Accelerating Growth: 5GL's earnings growth over the past year (36.3%) is below its 5-year average (57.2% per year).

Earnings vs Industry: 5GL earnings growth over the past year (36.3%) exceeded the Construction industry 6.6%.


Return on Equity

High ROE: Whilst 5GL's Return on Equity (20.74%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Great Lakes Dredge & Dock's financial position?


Financial Position Analysis

Short Term Liabilities: 5GL's short term assets ($347.8M) exceed its short term liabilities ($196.5M).

Long Term Liabilities: 5GL's short term assets ($347.8M) do not cover its long term liabilities ($430.6M).


Debt to Equity History and Analysis

Debt Level: 5GL's debt to equity ratio (100.7%) is considered high.

Reducing Debt: 5GL's debt to equity ratio has reduced from 139.9% to 100.7% over the past 5 years.

Debt Coverage: 5GL's debt is well covered by operating cash flow (47.6%).

Interest Coverage: 5GL's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Great Lakes Dredge & Dock current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 5GL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 5GL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 5GL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 5GL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 5GL is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 5GL's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Lasse Petterson (64 yo)

3.25yrs

Tenure

US$3,799,891

Compensation

Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017 and has been its President since March 2020. Mr. Petterson served as the President and ...


CEO Compensation Analysis

Compensation vs Market: Lasse's total compensation ($USD3.80M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Lasse's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lasse Petterson
CEO, President & Director3.25yrsUS$3.80m0.88%
$ 4.6m
Mark Marinko
Senior VP & CFO6.17yrsUS$1.09m0.21%
$ 1.1m
David Simonelli
Chief Operating Officer0.42yrUS$1.30m0.45%
$ 2.3m
Kathleen LaVoy
Senior VP1.25yrsUS$975.20k0.11%
$ 572.0k
Tina Baginskis
Director of Investor Relationsno datano datano data
Annette Cyr
Vice President of Human Resources2.58yrsno data0.036%
$ 191.2k
J. Gillespie
Senior Vice President of Operationsno datano datano data
John Karas
Senior Vice President of Estimatingno dataUS$453.60kno data
Steven O'Hara
Senior Vice President of Corporate IIF & Northern Area Managerno datano datano data
Steven Becker
Senior Vice President of Plant & Equipment14.58yrsno datano data
Katherine M. O'Halloran
VP, Controller & Treasurer6.75yrsUS$440.10kno data
Richard Walsh
SVP - Ops - Great Lakes Environmental & Infrastructure & President of Terra Contracting Svcs3.58yrsno datano data

3.4yrs

Average Tenure

59yo

Average Age

Experienced Management: 5GL's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lasse Petterson
CEO, President & Director3.25yrsUS$3.80m0.88%
$ 4.6m
Douglas Steuert
Independent Director3.58yrsUS$179.21k0.072%
$ 379.1k
Lawrence Dickerson
Independent Chairman2.5yrsUS$268.15k0.11%
$ 602.3k
Kathleen Shanahan
Independent Director2.25yrsUS$161.00k0.068%
$ 353.8k
Ryan Levenson
Independent Director3.67yrsUS$168.90k0.055%
$ 289.8k
Elaine Dorward-King
Independent Director0.58yrno data0.0081%
$ 42.4k
Ronald Steger
Independent Director2.25yrsUS$168.90k0.042%
$ 219.4k

2.5yrs

Average Tenure

64yo

Average Age

Experienced Board: 5GL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Great Lakes Dredge & Dock Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Great Lakes Dredge & Dock Corporation
  • Ticker: 5GL
  • Exchange: DB
  • Founded: 1890
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: US$620.893m
  • Listing Market Cap: US$524.158m
  • Shares outstanding: 64.95m
  • Website: https://www.gldd.com

Number of Employees


Location

  • Great Lakes Dredge & Dock Corporation
  • 2122 York Road
  • Oak Brook
  • Illinois
  • 60523
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLDDNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 2006
5GLDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2006

Biography

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company engages in capital dredging that consists of port expansion projects, coastal restorat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 21:27
End of Day Share Price2020/08/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.