LSE:BMS

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Braemar Shipping Services

Executive Summary

Braemar Shipping Services Plc provides shipbroking, financial advisory, logistics, and engineering services to the shipping and energy industries. More Details


Snowflake Analysis

Good value with imperfect balance sheet.

Share Price & News

How has Braemar Shipping Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.7%

BMS

-3.3%

GB Infrastructure

-1.9%

GB Market


1 Year Return

-36.8%

BMS

-33.7%

GB Infrastructure

-14.5%

GB Market

Return vs Industry: BMS underperformed the UK Infrastructure industry which returned -33.7% over the past year.

Return vs Market: BMS underperformed the UK Market which returned -14.5% over the past year.


Shareholder returns

BMSIndustryMarket
7 Day1.7%-3.3%-1.9%
30 Day2.4%-6.0%-1.7%
90 Day21.9%0.4%-4.4%
1 Year-35.2%-36.8%-24.1%-33.7%-11.3%-14.5%
3 Year-41.8%-50.0%-24.5%-38.1%-9.0%-20.3%
5 Year-55.9%-65.9%13.2%-10.5%15.3%-10.6%

Price Volatility Vs. Market

How volatile is Braemar Shipping Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Braemar Shipping Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BMS (£1.48) is trading below our estimate of fair value (£7.92)

Significantly Below Fair Value: BMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BMS is good value based on its PE Ratio (9.4x) compared to the XE Infrastructure industry average (18.3x).

PE vs Market: BMS is good value based on its PE Ratio (9.4x) compared to the UK market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BMS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BMS's PB Ratio (0.8x) is in line with the GB Infrastructure industry average.


Next Steps

Future Growth

How is Braemar Shipping Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

0.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BMS's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if BMS's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BMS's revenue (0.9% per year) is forecast to grow slower than the UK market (6% per year).

High Growth Revenue: BMS's revenue (0.9% 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 BMS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Braemar Shipping Services performed over the past 5 years?

-46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMS has a large one-off loss of £3.3M impacting its February 29 2020 financial results.

Growing Profit Margin: BMS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BMS's earnings have declined by 46.5% per year over the past 5 years.

Accelerating Growth: BMS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BMS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (-47.7%).


Return on Equity

High ROE: BMS's Return on Equity (8.5%) is considered low.


Next Steps

Financial Health

How is Braemar Shipping Services's financial position?


Financial Position Analysis

Short Term Liabilities: BMS's short term assets (£68.3M) do not cover its short term liabilities (£103.8M).

Long Term Liabilities: BMS's short term assets (£68.3M) exceed its long term liabilities (£21.7M).


Debt to Equity History and Analysis

Debt Level: BMS's debt to equity ratio (96.5%) is considered high.

Reducing Debt: BMS's debt to equity ratio has increased from 8.8% to 96.5% over the past 5 years.

Debt Coverage: BMS's debt is not well covered by operating cash flow (18.5%).

Interest Coverage: BMS's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Braemar Shipping Services's current dividend yield, its reliability and sustainability?

4.24%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BMS'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 BMS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: BMS is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Braemar Shipping Services has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Ronald Series
Executive Chairman1.5yrsUK£174.88k0.029%
£ 13.3k
Nicholas Stone
Group COO1.5yrsUK£379.00kno data
Peter Mason
General Counsel & Company Secretaryno datano data0.028%
£ 12.7k
Sebastian Davenport-Thomas
Managing Director of the Shipbroking Division13.75yrsno datano data
Grant Smith
Managing Director of Technical Services Division4.42yrsno datano data
Geoff Jones
Global Head of Adjusting & Marineno datano datano data
Peter Wilson
Head of the for Agency divisionno datano data0.014%
£ 6.3k
Alex Field
Head of the Freight Forwarding divisionno datano datano data
Alexander Vane
Financial Controllerno datano datano data

4.4yrs

Average Tenure

Experienced Management: BMS's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronald Series
Executive Chairman1.5yrsUK£174.88k0.029%
£ 13.3k
Nicholas Stone
Group COO1.5yrsUK£379.00kno data
Jurgen Breuer
Independent Non Executive Director6.25yrsUK£50.00k0.26%
£ 119.9k
Lesley Watkins
Senior Independent Directorno dataUK£52.50k0.0096%
£ 4.4k
Stephen Kunzer
Independent Non-Executive Director1.67yrsUK£42.50k0.032%
£ 14.7k

1.6yrs

Average Tenure

57yo

Average Age

Experienced Board: BMS's board of directors are not considered experienced ( 1.6 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

Braemar Shipping Services Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Braemar Shipping Services Plc
  • Ticker: BMS
  • Exchange: LSE
  • Founded: 1842
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: UK£46.290m
  • Shares outstanding: 31.38m
  • Website: https://www.braemar.com

Number of Employees


Location

  • Braemar Shipping Services Plc
  • One Strand
  • Trafalgar Square
  • London
  • Greater London
  • WC2N 5HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMSLSE (London Stock Exchange)YesOrdinary SharesGBGBPNov 1997
BSEA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1997
BMSlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPNov 1997
5K9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1997

Biography

Braemar Shipping Services Plc provides shipbroking, financial advisory, logistics, and engineering services to the shipping and energy industries. Its Shipbroking segment is involved in the tanker charteri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 20:40
End of Day Share Price2020/10/20 00:00
Earnings2020/02/29
Annual Earnings2020/02/29


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.