company background image
BMS

Braemar Shipping Services LSE:BMS Stock Report

Last Price

UK£2.51

Market Cap

UK£79.3m

7D

-3.7%

1Y

-19.2%

Updated

03 Jul, 2022

Data

Company Financials +
BMS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends1/6

BMS Stock Overview

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

Braemar Shipping Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Braemar Shipping Services
Historical stock prices
Current Share PriceUK£2.51
52 Week HighUK£3.13
52 Week LowUK£1.98
Beta1.42
1 Month Change-9.73%
3 Month Change10.35%
1 Year Change-19.19%
3 Year Change39.17%
5 Year Change-11.09%
Change since IPO-1.77%

Recent News & Updates

Shareholder Returns

BMSGB InfrastructureGB Market
7D-3.7%-2.4%-1.1%
1Y-19.2%-52.9%-9.7%

Return vs Industry: BMS exceeded the UK Infrastructure industry which returned -52.9% over the past year.

Return vs Market: BMS underperformed the UK Market which returned -9.7% over the past year.

Price Volatility

Is BMS's price volatile compared to industry and market?
BMS volatility
BMS Average Weekly Movement3.3%
Infrastructure Industry Average Movement4.8%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: BMS is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BMS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1842540James Christopher Gundyhttps://www.braemar.com

Braemar Shipping Services Plc provides shipbroking, financial advisory, and logistics services to the shipping, marine, and energy industries. Its Shipbroking segment is involved in the tanker chartering for crude oil, liquefied petrochemical gas, and liquefied natural gas; specialized tankers; purchase and sale of second-hand vessels; chartering of dry cargo and offshore vessels; and provision of research, valuation, consulting, and derivatives brokerage services. The company’s Financial segment provides transaction advisory, financing advisory and capital raising, asset and loan management, and restructuring and insolvency advisory services.

Braemar Shipping Services Fundamentals Summary

How do Braemar Shipping Services's earnings and revenue compare to its market cap?
BMS fundamental statistics
Market CapUK£79.34m
Earnings (TTM)UK£11.47m
Revenue (TTM)UK£116.40m

6.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMS income statement (TTM)
RevenueUK£116.40m
Cost of RevenueUK£16.49m
Gross ProfitUK£99.92m
Other ExpensesUK£88.45m
EarningsUK£11.47m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

Jul 04, 2022

Earnings per share (EPS)0.36
Gross Margin85.84%
Net Profit Margin9.85%
Debt/Equity Ratio41.4%

How did BMS perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

19%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BMS?

Other financial metrics that can be useful for relative valuation.

BMS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.9x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does BMS's PE Ratio compare to its peers?

BMS PE Ratio vs Peers
The above table shows the PE ratio for BMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.9x
OCN Ocean Wilsons Holdings
6.3x0.9%UK£334.2m
XPD Xpediator
113.1x45.0%UK£47.1m
GLTR Globaltrans Investment
0.7x14.1%US$156.9m
MNZS John Menzies
43.5x34.5%UK£549.9m
BMS Braemar Shipping Services
6.9x-21.7%UK£79.3m

Price-To-Earnings vs Peers: BMS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (40.9x).


Price to Earnings Ratio vs Industry

How does BMS's PE Ratio compare vs other companies in the European Infrastructure Industry?

Price-To-Earnings vs Industry: BMS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Infrastructure industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is BMS'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.

BMS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio3.7x

Price-To-Earnings vs Fair Ratio: BMS is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (3.7x).


Share Price vs Fair Value

What is the Fair Price of BMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BMS (£2.51) is trading below our estimate of fair value (£7.17)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Braemar Shipping Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-21.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMS's earnings are forecast to decline over the next 3 years (-21.7% per year).

Earnings vs Market: BMS's earnings are forecast to decline over the next 3 years (-21.7% per year).

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

Revenue vs Market: BMS's revenue (0.7% per year) is forecast to grow slower than the UK market (4.1% per year).

High Growth Revenue: BMS's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BMS's Return on Equity is forecast to be low in 3 years time (10.2%).


Discover growth companies

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


50.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BMS has a large one-off gain of £5.6M impacting its August 31 2021 financial results.

Growing Profit Margin: BMS's current net profit margins (9.9%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: BMS's earnings have grown significantly by 50.5% per year over the past 5 years.

Accelerating Growth: BMS's earnings growth over the past year (14.5%) is below its 5-year average (50.5% per year).

Earnings vs Industry: BMS earnings growth over the past year (14.5%) underperformed the Infrastructure industry 26.9%.


Return on Equity

High ROE: BMS's Return on Equity (16.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Braemar Shipping Services's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BMS's short term assets (£67.1M) do not cover its short term liabilities (£78.2M).

Long Term Liabilities: BMS's short term assets (£67.1M) exceed its long term liabilities (£17.1M).


Debt to Equity History and Analysis

Debt Level: BMS's net debt to equity ratio (28.1%) is considered satisfactory.

Reducing Debt: BMS's debt to equity ratio has increased from 7.2% to 41.4% over the past 5 years.

Debt Coverage: BMS's debt is well covered by operating cash flow (29.6%).

Interest Coverage: BMS's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BMS's dividend (1.6%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.89%).

High Dividend: BMS's dividend (1.6%) is low compared to the top 25% of dividend payers in the UK market (5.29%).


Stability and Growth of Payments

Stable Dividend: BMS's dividend payments have been volatile in the past 10 years.

Growing Dividend: BMS's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.1%), BMS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

1.5yrs

Average management tenure


CEO

James Christopher Gundy (57 yo)

1.5yrs

Tenure

UK£738,800

Compensation

Mr. James Christopher Duchar Gundy serves as Group Chief Executive Officer at Braemar Shipping Services Plc since January 1, 2021 and serves its Executive Director since January 1, 2021. He has been the Ch...


CEO Compensation Analysis

Compensation vs Market: James Christopher's total compensation ($USD888.78K) is above average for companies of similar size in the UK market ($USD344.95K).

Compensation vs Earnings: Insufficient data to compare James Christopher's compensation with company performance.


Leadership Team

Experienced Management: BMS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: BMS's board of directors are not considered experienced ( 1.2 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 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
  • Implied Market Cap: UK£79.344m
  • Shares outstanding: 31.67m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.