GMS Stock Overview
Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, Saudi Arabia, Qatar, the United Kingdom, and rest of Europe.
Gulf Marine Services Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.058|
|52 Week High||UK£0.087|
|52 Week Low||UK£0.037|
|1 Month Change||-10.92%|
|3 Month Change||-0.17%|
|1 Year Change||56.49%|
|3 Year Change||-1.03%|
|5 Year Change||-87.48%|
|Change since IPO||-95.55%|
Recent News & Updates
Is Gulf Marine Services (LON:GMS) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Gulf Marine Services (LON:GMS) Will Be Hoping To Turn Its Returns On Capital Around
When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...
|GMS||GB Energy Services||GB Market|
Return vs Industry: GMS exceeded the UK Energy Services industry which returned -33.3% over the past year.
Return vs Market: GMS exceeded the UK Market which returned -13% over the past year.
|GMS Average Weekly Movement||8.2%|
|Energy Services Industry Average Movement||7.2%|
|Market Average Movement||5.5%|
|10% most volatile stocks in GB Market||10.7%|
|10% least volatile stocks in GB Market||2.9%|
Stable Share Price: GMS is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: GMS's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
|1977||545||Mansour Al Alami||https://www.gmsplc.com|
Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, Saudi Arabia, Qatar, the United Kingdom, and rest of Europe. It operates through K-Class Vessels, S-Class Vessels, E-Class Vessels, and Other Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.
Gulf Marine Services Fundamentals Summary
|GMS fundamental statistics|
Is GMS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GMS income statement (TTM)|
|Cost of Revenue||US$73.47m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.042|
|Net Profit Margin||32.44%|
How did GMS perform over the long term?See historical performance and comparison
Is GMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GMS?
Other financial metrics that can be useful for relative valuation.
|What is GMS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GMS's PE Ratio compare to its peers?
|GMS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
IGAS IGas Energy
TRIN Trinity Exploration & Production
PHAR Pharos Energy
ENW Enwell Energy
GMS Gulf Marine Services
Price-To-Earnings vs Peers: GMS is good value based on its Price-To-Earnings Ratio (1.6x) compared to the peer average (4.2x).
Price to Earnings Ratio vs Industry
How does GMS's PE Ratio compare vs other companies in the European Energy Services Industry?
Price-To-Earnings vs Industry: GMS is good value based on its Price-To-Earnings Ratio (1.6x) compared to the European Energy Services industry average (8.9x)
Price to Earnings Ratio vs Fair Ratio
What is GMS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||1.6x|
|Fair PE Ratio||7.9x|
Price-To-Earnings vs Fair Ratio: GMS is good value based on its Price-To-Earnings Ratio (1.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.9x).
Share Price vs Fair Value
What is the Fair Price of GMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GMS (£0.06) is trading below our estimate of fair value (£0.63)
Significantly Below Fair Value: GMS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Gulf Marine Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMS's forecast earnings growth (5.4% per year) is above the savings rate (0.9%).
Earnings vs Market: GMS's earnings (5.4% per year) are forecast to grow slower than the UK market (8.8% per year).
High Growth Earnings: GMS's earnings are forecast to grow, but not significantly.
Revenue vs Market: GMS's revenue (3% per year) is forecast to grow slower than the UK market (4.4% per year).
High Growth Revenue: GMS's revenue (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 GMS's Return on Equity is forecast to be high in 3 years time
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How has Gulf Marine Services performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMS has a large one-off gain of $15.0M impacting its June 30 2022 financial results.
Growing Profit Margin: GMS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GMS has become profitable over the past 5 years, growing earnings by -7.9% per year.
Accelerating Growth: GMS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GMS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (20.4%).
Return on Equity
High ROE: GMS's Return on Equity (15.4%) is considered low.
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How is Gulf Marine Services's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GMS's short term assets ($53.6M) do not cover its short term liabilities ($59.3M).
Long Term Liabilities: GMS's short term assets ($53.6M) do not cover its long term liabilities ($326.4M).
Debt to Equity History and Analysis
Debt Level: GMS's net debt to equity ratio (124%) is considered high.
Reducing Debt: GMS's debt to equity ratio has increased from 88.7% to 127.8% over the past 5 years.
Debt Coverage: GMS's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: GMS's interest payments on its debt are well covered by EBIT (3.6x coverage).
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What is Gulf Marine Services's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Gulf Marine Services Dividend Yield vs Market|
|Company (Gulf Marine Services)||0%|
|Market Bottom 25% (GB)||2.1%|
|Market Top 25% (GB)||5.9%|
|Industry Average (Energy Services)||4.0%|
|Analyst forecast in 3 Years (Gulf Marine Services)||0%|
Notable Dividend: Unable to evaluate GMS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GMS'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 GMS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GMS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: GMS is not paying a notable dividend for the UK market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GMS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mansour Al Alami
Mr. Mansour Al Alami has been Executive Chairman of the Board at Gulf Marine Services PLC since November 23, 2020 and has been its Non-Executive Director since November 10, 2020. He serves as Chief Executi...
CEO Compensation Analysis
|Mansour Al Alami's Compensation vs Gulf Marine Services Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$659k||US$419k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$420k||US$44k|
Compensation vs Market: Mansour's total compensation ($USD659.00K) is above average for companies of similar size in the UK market ($USD342.14K).
Compensation vs Earnings: Mansour's compensation has been consistent with company performance over the past year.
Experienced Board: GMS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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
|31 Jan 22||BuyUK£10,680||Mansour Al Alami||Individual||178,000||UK£0.06|
|24 Jan 22||BuyUK£11,456||Mansour Al Alami||Individual||191,000||UK£0.061|
|13 Oct 21||BuyUK£22,987||Mansour Al Alami||Individual||529,800||UK£0.043|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Gulf Marine Services PLC's employee growth, exchange listings and data sources
- Name: Gulf Marine Services PLC
- Ticker: GMS
- Exchange: LSE
- Founded: 1977
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: UK£58.850m
- Shares outstanding: 1.02b
- Website: https://www.gmsplc.com
Number of Employees
- Gulf Marine Services PLC
- PO Box 46046
- Abu Dhabi
- United Arab Emirates
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GMS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Mar 2014|
|GMSL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Mar 2014|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
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.