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GSPE

Global Spectrum Energy ServicesNGSE:GSPECPLC Stock Report

Market Cap

₦3.4b

7D

0%

1Y

-9.9%

Updated

17 Oct, 2021

Data

Company Financials
GSPECPLC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

GSPECPLC Overview

Global Spectrum Energy Services Plc operates as an oil and gas offshore support vessel servicing company in West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Global Spectrum Energy Services
Historical stock prices
Current Share Price₦4.19
52 Week High₦4.19
52 Week Low₦4.19
Beta-0.073
1 Month Change0%
3 Month Change0%
1 Year Change-9.89%
3 Year Change-27.13%
5 Year Changen/a
Change since IPO-33.81%

Recent News & Updates

Shareholder Returns

GSPECPLCNG Oil and GasNG Market
7D0%0.05%1.6%
1Y-9.9%74.7%40.0%

Return vs Industry: GSPECPLC underperformed the NG Oil and Gas industry which returned 74.7% over the past year.

Return vs Market: GSPECPLC underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is GSPECPLC's price volatile compared to industry and market?
GSPECPLC volatility
GSPECPLC Beta-0.073
Industry Beta0.55
Market Beta1

Stable Share Price: GSPECPLC is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: GSPECPLC's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200651n/ahttps://www.globalspectrumltd.com

Global Spectrum Energy Services Plc operates as an oil and gas offshore support vessel servicing company in West Africa. The company offers offshore marine support and port services, ROV services, maritime secure security and protection services, integrated logistics management, and marine salvage wreck removal and emergency response, as well as marine crew management, recruitment, training, and consulting services; and environmental services, towage and pilotage services, maritime security and security audit services, maritime survey, ocean towing, barge conveyance, and other marine transportation services. It is also involved in subsea construction and installation; supply of vessels, patrol boats, and anchor handling tugs, as well as maritime machinery equipment, spare parts, and consumables; and supply and distribution of refined petroleum products.

Global Spectrum Energy Services Fundamentals Summary

How do Global Spectrum Energy Services's earnings and revenue compare to its market cap?
GSPECPLC fundamental statistics
Market Cap₦3.35b
Earnings (TTM)₦120.65m
Revenue (TTM)₦1.56b

27.8x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GSPECPLC income statement (TTM)
Revenue₦1.56b
Cost of Revenue₦1.22b
Gross Profit₦337.25m
Expenses₦216.59m
Earnings₦120.65m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin21.60%
Net Profit Margin7.73%
Debt/Equity Ratio0.0%

How did GSPECPLC perform over the long term?

See historical performance and comparison

Valuation

Is Global Spectrum Energy 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: GSPECPLC (NGN4.19) is trading below our estimate of fair value (NGN10.54)

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


Price To Earnings Ratio

PE vs Industry: GSPECPLC is poor value based on its PE Ratio (27.8x) compared to the African Oil and Gas industry average (7.1x).

PE vs Market: GSPECPLC is poor value based on its PE Ratio (27.8x) compared to the NG market (7.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GSPECPLC is good value based on its PB Ratio (0.7x) compared to the NG Oil and Gas industry average (0.8x).


Future Growth

How is Global Spectrum Energy Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Global Spectrum Energy Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Global Spectrum Energy Services performed over the past 5 years?

-33.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GSPECPLC has high quality earnings.

Growing Profit Margin: GSPECPLC's current net profit margins (7.7%) are higher than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GSPECPLC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: GSPECPLC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GSPECPLC had negative earnings growth (-33.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (50.7%).


Return on Equity

High ROE: GSPECPLC's Return on Equity (2.4%) is considered low.


Financial Health

How is Global Spectrum Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: GSPECPLC's short term assets (NGN1.7B) exceed its short term liabilities (NGN466.0M).

Long Term Liabilities: GSPECPLC's short term assets (NGN1.7B) exceed its long term liabilities (NGN98.3M).


Debt to Equity History and Analysis

Debt Level: GSPECPLC is debt free.

Reducing Debt: GSPECPLC has not had any debt for past 5 years.

Debt Coverage: GSPECPLC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GSPECPLC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Global Spectrum Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: GSPECPLC is not paying a notable dividend for the NG market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.1yrs

Average board tenure


CEO

Global Spectrum Energy Services has no CEO, or we have no data on them.


Board Members

Experienced Board: GSPECPLC's board of directors are considered experienced (3.1 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Global Spectrum Energy Services Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Global Spectrum Energy Services Plc
  • Ticker: GSPECPLC
  • Exchange: NGSE
  • Founded: 2006
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: ₦3.352b
  • Shares outstanding: 800.00m
  • Website: https://www.globalspectrumltd.com

Number of Employees


Location

  • Global Spectrum Energy Services Plc
  • 49a Chris Madueke Drive
  • Lekki Phase 1
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:21
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.