LSE:GPH

Stock Analysis Report

Executive Summary

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy.

Snowflake

Fundamentals

Reasonable growth potential second-rate dividend payer.

Share Price & News

How has Global Ports Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

GPH

1.0%

GB Infrastructure

1.1%

GB Market


1 Year Return

-40.2%

GPH

7.5%

GB Infrastructure

2.7%

GB Market

Return vs Industry: GPH underperformed the UK Infrastructure industry which returned 7.5% over the past year.

Return vs Market: GPH underperformed the UK Market which returned 2.7% over the past year.


Shareholder returns

GPHIndustryMarket
7 Day0.8%1.0%1.1%
30 Day0%-1.6%-1.7%
90 Day-21.7%3.2%-2.7%
1 Year-36.7%-40.2%11.4%7.5%7.8%2.7%
3 Yearn/a23.9%13.5%19.3%4.7%
5 Yearn/a27.5%-8.4%38.0%8.1%

Price Volatility Vs. Market

How volatile is Global Ports Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Global Ports Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GPH (£2.98) is trading below our estimate of fair value (£9.3)

Significantly Undervalued: GPH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GPH is unprofitable, so we can't compare its PE Ratio to the Infrastructure industry average.

PE vs Market: GPH is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GPH is overvalued based on its PB Ratio (2.6x) compared to the GB Infrastructure industry average (1.9x).


Next Steps

Future Growth

How is Global Ports Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

52.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: GPH is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: GPH's loss is forecast to worsen by 0% next year.

Revenue vs Market: GPH's revenue (11.4% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: GPH's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Global Ports Holding performed over the past 5 years?

-75.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GPH is unprofitable, and losses have increased over the past 5 years at a rate of -75% per year.

Accelerating Growth: Unable to compare GPH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GPH is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (9.8%).


Return on Equity

High ROE: GPH has a negative Return on Equity (-2.76%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GPH is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GPH is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Global Ports Holding's financial position?


Financial Position Analysis

Short Term Liabilities: GPH's short term assets ($108.6M) exceeds its short term liabilities ($98.3M)

Long Term Liabilities: GPH's short term assets (108.6M) do not cover its long term liabilities (452.2M)


Debt to Equity History and Analysis

Debt Level: GPH's debt to equity ratio (192%) is considered high

Reducing Debt: GPH's debt to equity ratio has increased from 117% to 192% over the past 5 years.

Debt Coverage: GPH's debt is not well covered by operating cash flow (10.2%).

Interest Coverage: GPH is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: GPH has a high level of physical assets or inventory.

Debt Coverage by Assets: GPH's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

  • Explore more healthy companies in the Transportation industry.

Dividend

What is Global Ports Holding's current dividend yield, its reliability and sustainability?

12.54%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Global Ports Holding before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company12.5%marketbottom25%2.0%markettop25%5.4%industryaverage3.8%forecastin3Years11.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GPH's dividend (12.54%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: GPH's dividend (12.54%) is in the top 25% of dividend payers in the UK market (5.44%)

Stable Dividend: GPH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GPH has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: GPH is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: GPH's dividends in 3 years are forecast to be covered by earnings (55.2% payout ratio).


Next Steps

Management

What is the CEO of Global Ports Holding's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Emre Sayin (52yo)

2.5yrs

Tenure

0

Mr. Emre Sayin has been the Chief Executive Officer at Global Ports Holding Plc (alternative name Global Liman Isletmeleri A.S.) since April 12, 2017. Mr. Sayin has worked as the Chief Business Development ...


Management Age and Tenure

2.1yrs

Average Tenure

52.5yo

Average Age

Experienced Management: GPH's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

2.5yrs

Average Tenure

58yo

Average Age

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


Insider Trading

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


Ownership Breakdown


Management Team

  • Mehmet Kutman (58yo)

    Co-Founder & Chairman

    • Tenure: 0yrs
    • Compensation: US$378.00k
  • Emre Sayin (52yo)

    Chief Executive Officer

    • Tenure: 2.5yrs
  • Mark Robinson

    Chief Commercial Officer

    • Tenure: 1.7yrs
  • Ferdag Ildir (53yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
  • Jan Fomferra

    Head of Corporate Finance

    • Tenure: 3.8yrs
  • Colin Murphy

    Head of Business Development – Americas

    • Tenure: 0yrs
  • Stephen Xuereb (47yo)

    Chief Operating Officer

    • Tenure: 3.8yrs
  • Ece Gürsoy

    Chief Legal Officer

    • Tenure: 1.8yrs
  • Mark Brown

    Investor Relations Director

    • Tenure: 1.5yrs
  • Hande Dogu

    Human Resources Director

    • Tenure: 1.3yrs

Board Members

  • Mehmet Kutman (58yo)

    Co-Founder & Chairman

    • Tenure: 0yrs
    • Compensation: US$378.00k
  • Ercan Ergül (51yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: US$125.50k
  • Aysegül Bensel (55yo)

    Vice Chairperson

    • Tenure: 0yrs
    • Compensation: US$183.56k
  • Thomas Maier (60yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: US$120.00k
  • Thierry Déau (50yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: US$120.00k
  • Jérôme Bernard Jean Bayle (70yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: US$120.00k
  • Peter Mandelson (66yo)

    Senior Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$156.20k

Company Information

Global Ports Holding Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Ports Holding Plc
  • Ticker: GPH
  • Exchange: LSE
  • Founded: 2004
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: UK£188.481m
  • Shares outstanding: 62.83m
  • Website: https://www.globalportsholding.com

Number of Employees


Location

  • Global Ports Holding Plc
  • Rihtim Caddesi No: 51
  • Karaköy
  • Istanbul
  • 34425
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6P9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2017
GPHLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 2017
GPHLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 2017

Biography

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy. It operates cruise ports for cruise liners, ferries, yachts, and mega-yachts. The company also engages in t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:53
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.