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Gulf Island Fabrication

DB:GU2
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GU2
DB
$106M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
  • Gulf Island Fabrication has significant price volatility in the past 3 months.
GU2 Share Price and Events
7 Day Returns
-1.2%
DB:GU2
-4.5%
Europe Energy Services
-1.1%
DE Market
1 Year Returns
-23.3%
DB:GU2
-24.2%
Europe Energy Services
-8.5%
DE Market
GU2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gulf Island Fabrication (GU2) -1.2% -6.5% -18.1% -23.3% -4% -60.3%
Europe Energy Services -4.5% 1.4% -11% -24.2% -31% -84.2%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • GU2 matched the Energy Services industry (-24.2%) over the past year.
  • GU2 underperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
GU2
Industry
5yr Volatility vs Market

Value

 Is Gulf Island Fabrication undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gulf Island Fabrication to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gulf Island Fabrication.

DB:GU2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GU2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.069 (1 + (1- 21%) (4.92%))
1.074
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.074 * 5.96%)
6.63%

Discounted Cash Flow Calculation for DB:GU2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gulf Island Fabrication is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:GU2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.63%)
2020 12.72 Analyst x1 11.92
2021 21.82 Est @ 71.6% 19.19
2022 32.77 Est @ 50.19% 27.03
2023 44.30 Est @ 35.2% 34.27
2024 55.25 Est @ 24.71% 40.08
2025 64.84 Est @ 17.36% 44.11
2026 72.77 Est @ 12.22% 46.42
2027 79.04 Est @ 8.62% 47.29
2028 83.87 Est @ 6.11% 47.06
2029 87.51 Est @ 4.34% 46.05
Present value of next 10 years cash flows $363.43
DB:GU2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $87.51 × (1 + 0.23%) ÷ (6.63% – 0.23%)
$1,369.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,369.82 ÷ (1 + 6.63%)10
$720.82
DB:GU2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $363.43 + $720.82
$1,084.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,084.24 / 15.24
$71.16
DB:GU2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GU2 represents 0.87565x of NasdaqGS:GIFI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87565x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 71.16 x 0.87565
€62.31
Value per share (EUR) From above. €62.31
Current discount Discount to share price of €6.08
= -1 x (€6.08 - €62.31) / €62.31
90.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gulf Island Fabrication is available for.
Intrinsic value
>50%
Share price is €6.08 vs Future cash flow value of €62.31
Current Discount Checks
For Gulf Island Fabrication to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gulf Island Fabrication's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gulf Island Fabrication's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gulf Island Fabrication's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gulf Island Fabrication's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GU2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.20
NasdaqGS:GIFI Share Price ** NasdaqGS (2019-07-19) in USD $6.94
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 19.35x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gulf Island Fabrication.

DB:GU2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GIFI Share Price ÷ EPS (both in USD)

= 6.94 ÷ -1.20

-5.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gulf Island Fabrication is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Gulf Island Fabrication is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Gulf Island Fabrication's expected growth come at a high price?
Raw Data
DB:GU2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
151.2%per year
Europe Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 0.95x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gulf Island Fabrication, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gulf Island Fabrication's assets?
Raw Data
DB:GU2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.99
NasdaqGS:GIFI Share Price * NasdaqGS (2019-07-19) in USD $6.94
Europe Energy Services Industry PB Ratio Median Figure of 63 Publicly-Listed Energy Services Companies 0.84x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:GU2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GIFI Share Price ÷ Book Value per Share (both in USD)

= 6.94 ÷ 12.99

0.53x

* Primary Listing of Gulf Island Fabrication.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gulf Island Fabrication is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Gulf Island Fabrication's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Gulf Island Fabrication has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gulf Island Fabrication expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
151.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gulf Island Fabrication expected to grow at an attractive rate?
  • Gulf Island Fabrication's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Gulf Island Fabrication's earnings growth is expected to exceed the Germany market average.
  • Gulf Island Fabrication's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GU2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GU2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 151.2%
DB:GU2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13.9%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GU2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GU2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 299 17 12 1
2019-12-31 276 -1 -4 1
DB:GU2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 232 -15 -18
2018-12-31 221 -20 -20
2018-09-30 198 -28 -40
2018-06-30 198 -38 -32
2018-03-31 190 -38 -44
2017-12-31 171 -39 -45
2017-09-30 189 -34 -24
2017-06-30 205 -25 -20
2017-03-31 240 1 -4
2016-12-31 286 15 3
2016-09-30 286 11 -8
2016-06-30 288 -1 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gulf Island Fabrication's earnings are expected to grow significantly at over 20% yearly.
  • Gulf Island Fabrication's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GU2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Gulf Island Fabrication Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GU2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.80 0.80 0.80 1.00
2019-12-31 -0.25 -0.25 -0.25 1.00
DB:GU2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.20
2018-12-31 -1.36
2018-09-30 -2.67
2018-06-30 -2.16
2018-03-31 -2.93
2017-12-31 -3.02
2017-09-30 -1.62
2017-06-30 -1.38
2017-03-31 -0.27
2016-12-31 0.24
2016-09-30 -0.53
2016-06-30 -1.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gulf Island Fabrication will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gulf Island Fabrication's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gulf Island Fabrication has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gulf Island Fabrication performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gulf Island Fabrication's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gulf Island Fabrication does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gulf Island Fabrication's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gulf Island Fabrication's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Gulf Island Fabrication's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gulf Island Fabrication Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GU2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 231.56 -18.12 18.14
2018-12-31 221.25 -20.38 19.02
2018-09-30 198.29 -40.08 22.33
2018-06-30 198.47 -32.23 19.03
2018-03-31 190.32 -43.65 18.58
2017-12-31 171.02 -44.77 17.80
2017-09-30 189.21 -23.90 17.98
2017-06-30 204.71 -20.27 18.69
2017-03-31 240.34 -3.92 19.12
2016-12-31 286.33 3.49 19.67
2016-09-30 285.88 -7.68 18.35
2016-06-30 288.03 -20.38 17.06
2016-03-31 290.87 -24.53 15.73
2015-12-31 306.12 -25.45 16.26
2015-09-30 375.86 -10.83 18.67
2015-06-30 426.35 8.84 18.18
2015-03-31 471.18 11.78 18.33
2014-12-31 506.64 15.22 17.41
2014-09-30 517.02 12.18 13.15
2014-06-30 567.19 7.92 13.59
2014-03-31 592.59 7.89 12.57
2013-12-31 608.33 7.16 11.56
2013-09-30 602.43 2.15 11.59
2013-06-30 576.03 -11.37 9.82
2013-03-31 558.68 -8.08 9.55
2012-12-31 521.34 -4.14 9.81
2012-09-30 480.51 5.69 9.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Gulf Island Fabrication has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gulf Island Fabrication has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gulf Island Fabrication improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Gulf Island Fabrication's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gulf Island Fabrication has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gulf Island Fabrication's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gulf Island Fabrication's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gulf Island Fabrication is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gulf Island Fabrication's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gulf Island Fabrication's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Gulf Island Fabrication has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gulf Island Fabrication Company Filings, last reported 3 months ago.

DB:GU2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 197.90 0.00 70.24
2018-12-31 201.10 0.00 79.18
2018-09-30 205.14 0.00 54.51
2018-06-30 215.39 0.00 39.49
2018-03-31 214.09 10.00 6.49
2017-12-31 219.49 0.00 8.98
2017-09-30 243.85 0.00 17.79
2017-06-30 246.05 0.00 22.28
2017-03-31 256.00 0.00 34.66
2016-12-31 263.03 0.00 51.17
2016-09-30 266.12 0.00 55.64
2016-06-30 264.90 0.00 50.07
2016-03-31 258.62 0.00 39.20
2015-12-31 257.20 0.00 34.83
2015-09-30 272.56 0.00 45.30
2015-06-30 285.45 0.00 53.38
2015-03-31 284.85 0.00 50.12
2014-12-31 285.80 0.00 36.09
2014-09-30 287.42 0.00 26.71
2014-06-30 281.03 0.00 31.37
2014-03-31 277.92 0.00 23.18
2013-12-31 275.56 0.00 36.57
2013-09-30 279.82 0.00 21.79
2013-06-30 277.93 0.00 29.72
2013-03-31 274.97 10.00 12.25
2012-12-31 273.50 0.00 24.89
2012-09-30 282.67 0.00 26.37
  • Gulf Island Fabrication has no debt.
  • Gulf Island Fabrication had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Gulf Island Fabrication has sufficient cash runway for more than 3 years based on current free cash flow.
  • Gulf Island Fabrication has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 45.6% each year.
X
Financial health checks
We assess Gulf Island Fabrication's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gulf Island Fabrication has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gulf Island Fabrication's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Gulf Island Fabrication dividends.
If you bought €2,000 of Gulf Island Fabrication shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Gulf Island Fabrication's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gulf Island Fabrication's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GU2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GU2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
DB:GU2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.000 0.000
2019-05-06 0.000 0.000
2019-03-01 0.000 0.000
2019-02-28 0.000 0.000
2018-11-09 0.000 0.000
2018-11-08 0.000 0.000
2018-08-09 0.000 0.000
2018-02-26 0.000 0.000
2017-07-27 0.040 0.325
2017-04-26 0.040 0.391
2017-02-23 0.040 0.368
2016-10-27 0.040 0.334
2016-07-28 0.040 0.440
2016-04-28 0.040 0.578
2016-02-25 0.040 0.492
2015-10-29 0.400 4.235
2015-07-31 0.400 3.337
2015-04-23 0.400 3.566
2015-02-27 0.400 2.686
2014-10-24 0.400 2.118
2014-07-24 0.400 2.117
2014-04-25 0.400 1.978
2014-02-28 0.400 1.829
2013-10-25 0.400 1.752
2013-07-25 0.400 1.650
2013-04-25 0.400 1.913
2013-03-12 0.400 1.927
2012-10-26 0.400 1.732
2012-07-27 0.400 1.461
2012-04-26 0.400 1.471
2012-02-27 0.400 1.406
2011-10-27 0.240 0.809
2011-07-29 0.240 0.985
2011-04-28 0.240 0.775
2011-02-24 0.240 0.755
2010-10-28 0.040 0.147
2010-08-02 0.040 0.226
2010-04-22 0.040 0.218
2010-03-01 0.040 0.193
2009-10-26 0.040 0.199
2009-07-27 0.040 0.241
2009-05-11 0.040 0.260
2009-03-05 0.400 4.543
2008-10-27 0.400 3.196
2008-07-28 0.400 1.267

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Gulf Island Fabrication has not reported any payouts.
  • Unable to verify if Gulf Island Fabrication's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gulf Island Fabrication's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gulf Island Fabrication has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gulf Island Fabrication's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gulf Island Fabrication afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gulf Island Fabrication has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gulf Island Fabrication's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kirk Meche
COMPENSATION $2,119,510
AGE 56
TENURE AS CEO 6.5 years
CEO Bio

Mr. Kirk J. Meche has been the Chief Executive Officer and President of Gulf Island Fabrication, Inc. since January 1, 2013 and January 2009 respectively. He serves as Director of Gulf Island Fabrication, Inc. Mr. Meche served as the Chief Operating Officer of Gulf Island Fabrication, Inc. since January 2009 until December 2012. Mr. Meche had been an Interim Chief Financial Officer of Gulf Island Fabrication, Inc. since August 14, 2018 until 2018 and served as a Secretary and Treasurer since August 14, 2018 until 2018. He served as Secretary of Gulf Island Fabrication, Inc. Mr. Meche served as Interim Chief Financial Officer and Treasurer of Gulf Island Fabrication since September 9, 2016 until January 3, 2017. Mr. Meche served as the Chief Operating Officer of Gulf Island Fabrication Inc. since January 2009 until December 2012 and as its Interim Chief Financial Officer from April 1, 2013 to May 13, 2013. He served as an Executive Vice President of Operations of Gulf Island Fabrication Inc. from February 2001 to January 2009 and served as its Treasurer since April 1, 2013. He served as the President of Gulf Island, L.L.C., wholly-owned fabrication subsidiary, of Gulf Island Fabrication Inc. since February 2001 until January 2006. Mr. Meche served as President and Chief Executive Officer of Southport, Inc., a former wholly owned subsidiary of Gulf Island Fabrication Inc. from December 1999 to February 2001 and as Vice President of Operations of Southport, Inc. from February 1999 to December 1999. He served as Chief Executive Officer and President and Chief Executive Officer of Gulf Marine Fabricators from February 2006 to October 2006. He served as Project Manager for Gulf Island Fabrication Inc. from 1996 to 1999. He served in various capacities with McDermott Fabrication and Shipyard from 1985 to 1996 including Structural Engineer, Hull Engineering Supervisor and Project Manager. He has been a Director at Gulf Island Fabrication Inc. since July 2012. Mr. Meche held various engineering positions for J. Ray McDermott, Inc. from 1985 to 1996.He has been a Director of National Ocean Industries Association since April 21, 2016. Mr. Meche received his B.S. degree in Engineering Design from Louisiana State University in 1985.

CEO Compensation
  • Kirk's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kirk's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gulf Island Fabrication management team in years:

2.3
Average Tenure
64
Average Age
  • The tenure for the Gulf Island Fabrication management team is about average.
Management Team

Kirk Meche

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
6.5 yrs

Westley Stockton

TITLE
Executive VP & CFO
COMPENSATION
$656K
AGE
48
TENURE
0.8 yrs

Roy Francis

TITLE
Executive Vice President

Christian Vaccari

TITLE
Executive Vice President of Shipyard Division
AGE
64

Donald Mackay

TITLE
Executive Vice President of Fabrication & Services Divisions
TENURE
1.5 yrs

Francis Smith

TITLE
Chief Executive Officer of Gulf Marine Fabricators and President of Gulf Marine Fabricators
COMPENSATION
$290K
AGE
69
TENURE
10.3 yrs

Bill Fromenthal

TITLE
Vice President of Gulf Island Services
AGE
65
TENURE
2.3 yrs

Cindi Cook

TITLE
Executive Assistant to CEO
Board of Directors Tenure

Average tenure and age of the Gulf Island Fabrication board of directors in years:

5.9
Average Tenure
68
Average Age
  • The tenure for the Gulf Island Fabrication board of directors is about average.
Board of Directors

Jack Laborde

TITLE
Chairman
COMPENSATION
$205K
AGE
69
TENURE
6.5 yrs

Kirk Meche

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
7 yrs

Gregory Cotter

TITLE
Independent Director
COMPENSATION
$148K
AGE
70
TENURE
34.5 yrs

Michael Flick

TITLE
Independent Director
COMPENSATION
$148K
AGE
70
TENURE
12 yrs

Bill Chiles

TITLE
Independent Director
COMPENSATION
$148K
AGE
70
TENURE
5.3 yrs

Christopher Harding

TITLE
Independent Director
COMPENSATION
$136K
AGE
67
TENURE
12 yrs

Murray Burns

TITLE
Independent Director
COMPENSATION
$136K
AGE
73
TENURE
5.3 yrs

Michael Keeffe

TITLE
Independent Director
COMPENSATION
$148K
AGE
67
TENURE
5.3 yrs

Sherry Richard

TITLE
Director
COMPENSATION
$35K
AGE
62
TENURE
0.8 yrs

Rob Averick

TITLE
Director
COMPENSATION
$31K
AGE
53
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Dec 18 Sell Starboard Enterprises, L.L.C. Company 03. Dec 18 04. Dec 18 -7,796 €7.08 €-55,173
30. Nov 18 Sell Starboard Enterprises, L.L.C. Company 28. Nov 18 30. Nov 18 -31,244 €7.12 €-221,776
28. Nov 18 Sell Starboard Enterprises, L.L.C. Company 23. Nov 18 23. Nov 18 -200 €7.06 €-1,411
21. Nov 18 Sell Starboard Enterprises, L.L.C. Company 19. Nov 18 20. Nov 18 -4,720 €7.04 €-33,156
19. Nov 18 Sell Starboard Enterprises, L.L.C. Company 15. Nov 18 16. Nov 18 -23,108 €7.03 €-162,446
X
Management checks
We assess Gulf Island Fabrication's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gulf Island Fabrication has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through in segments: Fabrication, Shipyard, Services, and EPC. The Fabrication segment fabricates modules for petrochemical and industrial facilities, foundations for alternative energy developments, and other steel structures. It also fabricates offshore drilling and production platforms, and other offshore structures for customers in the oil and gas industry, including jackets and deck sections of fixed production platforms, hull, tendon, and/or deck sections of floating production platforms, piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules with pressure vessels. The Shipyard segment fabricates newbuild vessels, such as offshore support and multi-purpose service vessels, research and salvage vessels, tug boats, towboats, barges, drydocks, anchor handling vessels, lift boats, and other marine vessels. It also performs steel repair, blasting, painting, electrical systems repair, and machinery and piping system repairs; and propeller, shaft, and rudder reconditioning services. In addition, this segment performs conversion projects that include lengthening vessels, modifying vessels to permit their use for various activities, and other modifications to vessels. The Services segment provides interconnect piping and related services for offshore platforms and inland structures; contracts services for various on-site construction and maintenance activities to the oil and gas companies; and fabricates packaged skid units and performs various civil and drainage projects, such as pump stations, levee reinforcement, bulkheads, and other work for state and local governments. The EPC segment offers pricing, planning and scheduling for the SeaOne project. The company was founded in 1985 and is headquartered in Houston, Texas.

Details
Name: Gulf Island Fabrication, Inc.
GU2
Exchange: DB
Founded: 1985
$94,235,894
15,236,377
Website: http://www.gulfisland.com
Address: Gulf Island Fabrication, Inc.
16225 Park Ten Place,
Suite 300,
Houston,
Texas, 77084,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GIFI Common Stock Nasdaq Global Select US USD 04. Apr 1997
DB GU2 Common Stock Deutsche Boerse AG DE EUR 04. Apr 1997
Number of employees
Current staff
Staff numbers
875
Gulf Island Fabrication employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:45
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.