Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally.
Solid track record and good value.
Share Price & News
How has Great Lakes Dredge & Dock's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLDD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GLDD exceeded the US Construction industry which returned 13.3% over the past year.
Return vs Market: GLDD exceeded the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is Great Lakes Dredge & Dock's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Great Lakes Dredge & Dock (NASDAQ:GLDD) Using Too Much Debt?
3 weeks ago | Simply Wall StA Close Look At Great Lakes Dredge & Dock Corporation’s (NASDAQ:GLDD) 14% ROCE
1 month ago | Simply Wall StA Closer Look At Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Impressive ROE
Is Great Lakes Dredge & Dock undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GLDD ($10.25) is trading below our estimate of fair value ($16.22)
Significantly Below Fair Value: GLDD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GLDD is good value based on its PE Ratio (11.7x) compared to the Construction industry average (17.8x).
PE vs Market: GLDD is good value based on its PE Ratio (11.7x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: GLDD is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: GLDD is overvalued based on its PB Ratio (2.3x) compared to the US Construction industry average (1.8x).
How is Great Lakes Dredge & Dock forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLDD's forecast earnings growth (4.8% per year) is above the savings rate (1.7%).
Earnings vs Market: GLDD's earnings (4.8% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: GLDD's earnings are forecast to grow, but not significantly.
Revenue vs Market: GLDD's revenue (3.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GLDD's revenue (3.1% 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 GLDD's Return on Equity is forecast to be high in 3 years time
How has Great Lakes Dredge & Dock performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLDD has high quality earnings.
Growing Profit Margin: GLDD's current net profit margins (7.8%) are higher than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: GLDD's earnings have grown significantly by 32.2% per year over the past 5 years.
Accelerating Growth: GLDD's earnings growth over the past year (405.3%) exceeds its 5-year average (32.2% per year).
Earnings vs Industry: GLDD earnings growth over the past year (405.3%) exceeded the Construction industry 2.4%.
Return on Equity
High ROE: GLDD's Return on Equity (19.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Great Lakes Dredge & Dock's financial position?
Financial Position Analysis
Short Term Liabilities: GLDD's short term assets ($300.7M) exceed its short term liabilities ($203.9M).
Long Term Liabilities: GLDD's short term assets ($300.7M) do not cover its long term liabilities ($414.2M).
Debt to Equity History and Analysis
Debt Level: GLDD's debt to equity ratio (89.8%) is considered high.
Reducing Debt: GLDD's debt to equity ratio has reduced from 130% to 89.8% over the past 5 years.
Debt Coverage: GLDD's debt is well covered by operating cash flow (88.4%).
Interest Coverage: GLDD's interest payments on its debt are well covered by EBIT (3.4x coverage).
Inventory Level: GLDD has a high level of physical assets or inventory.
Debt Coverage by Assets: GLDD's debt is covered by short term assets (assets are 1.2x debt).
What is Great Lakes Dredge & Dock's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate GLDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GLDD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GLDD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GLDD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GLDD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GLDD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lasse Petterson (63yo)
Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017. Mr. Petterson served as the President and Chief Operating Officer of AMEC Inc. USA fr ...
CEO Compensation Analysis
Compensation vs Market: Lasse's total compensation ($USD3.25M) is above average for companies of similar size in the US market ($USD2.50M).
Compensation vs Earnings: Lasse's compensation has increased by more than 20% in the past year.
|CEO & Director||2.8yrs||US$3.25m||0.65% $4.3m|
|Senior VP & CFO||5.7yrs||US$977.15k||0.16% $1.1m|
|Senior VP||2.1yrs||US$801.60k||0.037% $241.1k|
|President of Dredging Division||24.1yrs||US$1.16m||0.36% $2.4m|
|Executive VP & COO||6.2yrs||US$661.46k||no data|
|Director of Investor Relations||0yrs||no data||no data|
|Vice President of Human Resources||2.1yrs||no data||no data|
|Senior Vice President of Operations||0yrs||no data||no data|
|Senior Vice President of Estimating||0yrs||US$453.60k||no data|
|Senior Vice President of Corporate IIF & Northern Area Manager||0yrs||no data||no data|
Experienced Management: GLDD's management team is considered experienced (4.2 years average tenure).
|CEO & Director||2.8yrs||US$3.25m||0.65% $4.3m|
|Independent Director||3.1yrs||US$183.00k||0.066% $430.9k|
|Independent Chairman||2yrs||US$256.56k||0.10% $656.2k|
|Independent Director||1.8yrs||US$105.71k||0.054% $353.3k|
|Independent Director||3.2yrs||US$169.31k||0.056% $367.1k|
|Independent Director||0.08yrs||no data||no data|
|Independent Director||5.5yrs||US$162.00k||0.14% $912.5k|
|Independent Director||1.8yrs||US$106.38k||0.034% $224.5k|
Experienced Board: GLDD's board of directors are not considered experienced ( 2.5 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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Great Lakes Dredge & Dock Corporation's company bio, employee growth, exchange listings and data sources
- Name: Great Lakes Dredge & Dock Corporation
- Ticker: GLDD
- Exchange: NasdaqGS
- Founded: 1890
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$655.180m
- Shares outstanding: 63.92m
- Website: https://www.gldd.com
Number of Employees
- Great Lakes Dredge & Dock Corporation
- 2122 York Road
- Oak Brook
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLDD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 2006|
|5GL||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2006|
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company is involved in capital dredging that consists of port expansion projects, coastal restoration and land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It also engages in channel deepening and port infrastructure development; coastal protection projects; re-dredging previously deepened waterways and harbors; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates a fleet of 23 dredges, 16 material transportation barges, 1 drillboat, and various other support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Oak Brook, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:56|
|End of Day Share Price||2020/02/21 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.