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Great Lakes Dredge & Dock

Nasdaq:GLDD
Snowflake Description

Reasonable growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLDD
Nasdaq
$571M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The last earnings update was 24 days ago. More info.


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  • Great Lakes Dredge & Dock has significant price volatility in the past 3 months.
GLDD Share Price and Events
7 Day Returns
8.2%
NasdaqGS:GLDD
-0.1%
US Construction
0.4%
US Market
1 Year Returns
108.7%
NasdaqGS:GLDD
-8.5%
US Construction
3.5%
US Market
GLDD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Great Lakes Dredge & Dock (GLDD) 8.2% 17.3% 43.9% 108.7% 105.4% 1.1%
US Construction -0.1% 2% 22.7% -8.5% 24% -3.5%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • GLDD outperformed the Construction industry which returned -8.5% over the past year.
  • GLDD outperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
GLDD
Industry
5yr Volatility vs Market

Value

 Is Great Lakes Dredge & Dock undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Great Lakes Dredge & Dock to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Great Lakes Dredge & Dock.

NasdaqGS:GLDD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GLDD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 21%) (58.38%))
1.403
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.403 * 5.96%)
11.09%

Discounted Cash Flow Calculation for NasdaqGS:GLDD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Great Lakes Dredge & Dock is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:GLDD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.09%)
2019 46.65 Analyst x1 41.99
2020 33.44 Est @ -28.31% 27.10
2021 27.09 Est @ -19% 19.76
2022 23.71 Est @ -12.48% 15.57
2023 21.83 Est @ -7.92% 12.90
2024 20.80 Est @ -4.72% 11.06
2025 20.28 Est @ -2.49% 9.71
2026 20.10 Est @ -0.92% 8.66
2027 20.13 Est @ 0.17% 7.81
2028 20.32 Est @ 0.94% 7.10
Present value of next 10 years cash flows $161.66
NasdaqGS:GLDD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $20.32 × (1 + 2.73%) ÷ (11.09% – 2.73%)
$249.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $249.58 ÷ (1 + 11.09%)10
$87.15
NasdaqGS:GLDD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $161.66 + $87.15
$248.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $248.81 / 62.90
$3.96
NasdaqGS:GLDD Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.96
Current discount Discount to share price of $9.08
= -1 x ($9.08 - $3.96) / $3.96
-129.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Great Lakes Dredge & Dock is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Great Lakes Dredge & Dock's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Great Lakes Dredge & Dock's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GLDD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.18
NasdaqGS:GLDD Share Price ** NasdaqGS (2019-03-22) in USD $9.08
United States of America Construction Industry PE Ratio Median Figure of 29 Publicly-Listed Construction Companies 17.15x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Great Lakes Dredge & Dock.

NasdaqGS:GLDD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GLDD Share Price ÷ EPS (both in USD)

= 9.08 ÷ 0.18

51.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Great Lakes Dredge & Dock is overvalued based on earnings compared to the US Construction industry average.
  • Great Lakes Dredge & Dock is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Great Lakes Dredge & Dock's expected growth come at a high price?
Raw Data
NasdaqGS:GLDD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
46%per year
United States of America Construction Industry PEG Ratio Median Figure of 25 Publicly-Listed Construction Companies 1.13x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:GLDD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.3x ÷ 46%

1.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Great Lakes Dredge & Dock is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Great Lakes Dredge & Dock's assets?
Raw Data
NasdaqGS:GLDD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.44
NasdaqGS:GLDD Share Price * NasdaqGS (2019-03-22) in USD $9.08
United States of America Construction Industry PB Ratio Median Figure of 34 Publicly-Listed Construction Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NasdaqGS:GLDD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GLDD Share Price ÷ Book Value per Share (both in USD)

= 9.08 ÷ 3.44

2.64x

* Primary Listing of Great Lakes Dredge & Dock.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Great Lakes Dredge & Dock is overvalued based on assets compared to the US Construction industry average.
X
Value checks
We assess Great Lakes Dredge & Dock's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Great Lakes Dredge & Dock has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Great Lakes Dredge & Dock expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Great Lakes Dredge & Dock expected to grow at an attractive rate?
  • Great Lakes Dredge & Dock's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Great Lakes Dredge & Dock's earnings growth is expected to exceed the United States of America market average.
  • Great Lakes Dredge & Dock's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GLDD Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GLDD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 46%
NasdaqGS:GLDD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.8%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GLDD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GLDD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 710 30 1
2019-12-31 729 76 28 2
NasdaqGS:GLDD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 621 138 11
2018-09-30 693 108 -5
2018-06-30 652 45 -20
2018-03-31 679 31 -23
2017-12-31 592 22 -15
2017-09-30 724 28 -19
2017-06-30 760 33 -11
2017-03-31 775 31 -9
2016-12-31 637 39 1
2016-09-30 777 46 -2
2016-06-30 799 43 -6
2016-03-31 845 43 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Great Lakes Dredge & Dock's earnings are expected to grow significantly at over 20% yearly.
  • Great Lakes Dredge & Dock's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GLDD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Great Lakes Dredge & Dock Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GLDD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.47 0.47 0.47 1.00
2019-12-31 0.44 0.46 0.42 2.00
NasdaqGS:GLDD Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.18
2018-09-30 -0.08
2018-06-30 -0.32
2018-03-31 -0.38
2017-12-31 -0.25
2017-09-30 -0.31
2017-06-30 -0.18
2017-03-31 -0.14
2016-12-31 0.01
2016-09-30 -0.03
2016-06-30 -0.10
2016-03-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Great Lakes Dredge & Dock will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Great Lakes Dredge & Dock's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Great Lakes Dredge & Dock has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Great Lakes Dredge & Dock performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Great Lakes Dredge & Dock's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Great Lakes Dredge & Dock's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Great Lakes Dredge & Dock has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Great Lakes Dredge & Dock has become profitable in the last year making it difficult to compare the US Construction industry average.
Earnings and Revenue History
Great Lakes Dredge & Dock's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Great Lakes Dredge & Dock Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GLDD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 620.80 11.02 54.92
2018-09-30 693.25 -5.13 63.63
2018-06-30 652.24 -20.06 62.83
2018-03-31 678.51 -23.31 64.89
2017-12-31 592.16 -15.37 55.44
2017-09-30 724.17 -19.01 67.04
2017-06-30 759.72 -11.22 66.43
2017-03-31 775.05 -8.72 68.91
2016-12-31 637.47 0.54 55.27
2016-09-30 776.82 -2.03 70.79
2016-06-30 798.76 -6.28 70.90
2016-03-31 845.44 -1.83 73.69
2015-12-31 856.88 -6.19 71.53
2015-09-30 879.78 14.96 72.28
2015-06-30 861.17 13.63 73.05
2015-03-31 807.01 14.78 66.43
2014-12-31 806.83 20.72 66.35
2014-09-30 777.57 5.63 68.10
2014-06-30 763.23 13.42 69.16
2014-03-31 725.65 13.26 68.58
2013-12-31 731.42 20.49 66.95
2013-09-30 623.07 25.20 57.85
2013-06-30 597.69 13.10 52.40
2013-03-31 613.68 10.65 48.51
2012-12-31 588.43 6.94 45.54
2012-09-30 639.07 3.83 44.79
2012-06-30 635.05 14.77 46.98
2012-03-31 626.90 15.20 49.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Great Lakes Dredge & Dock has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Great Lakes Dredge & Dock used its assets more efficiently than the US Construction industry average last year based on Return on Assets.
  • Great Lakes Dredge & Dock has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Great Lakes Dredge & Dock's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Great Lakes Dredge & Dock has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Great Lakes Dredge & Dock's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Great Lakes Dredge & Dock's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Great Lakes Dredge & Dock is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Great Lakes Dredge & Dock's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Great Lakes Dredge & Dock's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Great Lakes Dredge & Dock Company Filings, last reported 2 months ago.

NasdaqGS:GLDD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 214.93 333.45 34.46
2018-09-30 224.44 353.52 23.13
2018-06-30 211.51 393.55 13.54
2018-03-31 211.50 413.66 12.74
2017-12-31 221.30 429.35 15.85
2017-09-30 228.72 426.05 10.47
2017-06-30 230.80 422.16 12.64
2017-03-31 231.53 404.18 6.90
2016-12-31 247.89 394.23 11.17
2016-09-30 254.58 389.51 13.60
2016-06-30 249.24 375.79 21.24
2016-03-31 249.89 367.04 15.89
2015-12-31 252.17 355.98 14.18
2015-09-30 252.08 363.38 9.42
2015-06-30 252.17 355.05 14.70
2015-03-31 248.55 365.10 30.62
2014-12-31 255.96 332.36 42.39
2014-09-30 235.55 285.86 21.09
2014-06-30 236.51 285.28 38.07
2014-03-31 237.70 287.00 58.70
2013-12-31 242.10 285.00 75.34
2013-09-30 252.52 297.51 41.32
2013-06-30 249.80 293.52 21.62
2013-03-31 274.59 274.03 6.64
2012-12-31 273.43 263.05 24.44
2012-09-30 287.38 255.09 38.75
2012-06-30 292.44 255.16 71.21
2012-03-31 293.80 255.31 86.46
  • Great Lakes Dredge & Dock's level of debt (155.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (117.8% vs 155.1% today).
  • Debt is well covered by operating cash flow (41.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Great Lakes Dredge & Dock's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Great Lakes Dredge & Dock has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Great Lakes Dredge & Dock's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Great Lakes Dredge & Dock dividends.
If you bought $2,000 of Great Lakes Dredge & Dock shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Great Lakes Dredge & Dock's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Great Lakes Dredge & Dock's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GLDD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GLDD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqGS:GLDD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-11-05 0.000 0.000
2014-08-06 0.000 0.000
2014-08-05 0.000 0.000
2014-05-07 0.000 0.000
2014-05-06 0.000 0.000
2014-03-11 0.000 0.000
2014-02-25 0.000 0.000
2013-11-05 0.000 0.000
2013-08-09 0.000 0.000
2013-08-08 0.000 0.000
2013-05-08 0.000 0.000
2013-05-07 0.000 0.000
2013-03-14 0.000 0.000
2012-12-12 1.000 10.664
2012-08-28 0.084 1.072
2012-05-29 0.084 1.201
2012-02-28 0.084 1.201
2011-11-29 0.084 1.371
2011-08-30 0.084 1.702
2011-05-31 0.084 1.557
2011-03-01 0.068 0.953
2010-11-30 0.068 0.853
2010-08-31 0.068 1.133
2010-06-01 0.068 1.211
2010-03-01 0.068 1.311
2009-12-01 0.068 1.141
2009-09-01 0.068 1.018
2009-06-01 0.068 1.238
2009-03-23 0.068 1.800

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Great Lakes Dredge & Dock has not reported any payouts.
  • Unable to verify if Great Lakes Dredge & Dock's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Great Lakes Dredge & Dock's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Great Lakes Dredge & Dock has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Great Lakes Dredge & Dock's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Great Lakes Dredge & Dock afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Great Lakes Dredge & Dock has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Great Lakes Dredge & Dock's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lasse Petterson
COMPENSATION $2,524,563
AGE 62
TENURE AS CEO 1.8 years
CEO Bio

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 from 2002 to 2006. Mr. Petterson served as a private consultant to clients in the Oil & Gas sector. He has 35 years of extensive career experience in the engineering, construction and maritime industries. He served as Chief Operating Officer and Executive Vice President of Engineering, Construction & Maintenance Operating Group at Chicago Bridge & Iron Company N.V. from February 2009 to December 5, 2013. He served as the Chief Executive Officer and President of AMEC Construction Management, Inc. Prior to joining AMEC, Mr. Petterson served in various executive and operational positions for Aker Maritime, Inc., the deepwater division of Aker Maritime ASA of Norway over the course of 20 years. He spent the first nine years of his career in various positions at Norwegian Contractors, an offshore oil & gas platform contractor. From 1980 to 2002, he worked in various international executive and operations assignments for Aker Kvaerner, serving as President of both the Oil & Gas division and the Maritime division. Mr. Petterson served as the President and Chief Executive of Gearbulk (UK) Limited. Mr. Petterson has been a Director of Great Lakes Dredge & Dock Corporation since December 27, 2016. He holds M.Sc. in Engineering from Norwegian University of Technology and also B.S. from Norwegian University of Technology. Mr. Petterson is a National Association of Corporate Directors (NACD) Board Leadership Fellow.

CEO Compensation
  • Lasse's compensation has increased in line with Great Lakes Dredge & Dock recently becoming profitable.
  • Lasse's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Great Lakes Dredge & Dock management team in years:

4
Average Tenure
57
Average Age
  • The tenure for the Great Lakes Dredge & Dock management team is about average.
Management Team

Lasse Petterson

TITLE
CEO & Director
COMPENSATION
$3M
AGE
62
TENURE
1.8 yrs

Mark Marinko

TITLE
Senior VP & CFO
COMPENSATION
$799K
AGE
56
TENURE
4.8 yrs

Kyle Johnson

TITLE
Executive VP & COO
COMPENSATION
$661K
AGE
57
TENURE
5.3 yrs

Kathleen LaVoy

TITLE
Senior VP
COMPENSATION
$595K
AGE
38
TENURE
1.2 yrs

David Simonelli

TITLE
President of Dredging Division
COMPENSATION
$852K
AGE
61
TENURE
23.2 yrs

Chris Shea

TITLE
President of Environmental & Infrastructure Division
COMPENSATION
$583K
AGE
55
TENURE
3.3 yrs

Abigail Sullivan

TITLE
Manager of Investor Relations

Bob Bisal

TITLE
Chief Compliance Officer & VP
TENURE
6.2 yrs

Annette Cyr

TITLE
Vice President of Human Resources
TENURE
1.2 yrs

J. Gillespie

TITLE
Senior Vice President of Operations
AGE
57
Board of Directors Tenure

Average tenure and age of the Great Lakes Dredge & Dock board of directors in years:

2.2
Average Tenure
63.5
Average Age
  • The average tenure for the Great Lakes Dredge & Dock board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larry Dickerson

TITLE
Chairman
COMPENSATION
$152K
AGE
66
TENURE
1.1 yrs

Lasse Petterson

TITLE
CEO & Director
COMPENSATION
$3M
AGE
62
TENURE
2.3 yrs

Ryan Levenson

TITLE
Independent Director
COMPENSATION
$165K
AGE
43
TENURE
2.3 yrs

Mike Steuert

TITLE
Independent Director
COMPENSATION
$164K
AGE
70
TENURE
2.2 yrs

Carl Albert

TITLE
Independent Director
COMPENSATION
$184K
AGE
76
TENURE
8.7 yrs

Michael Walsh

TITLE
Independent Director
COMPENSATION
$162K
AGE
63
TENURE
4.6 yrs

Kathleen Shanahan

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs

Ron Steger

TITLE
Independent Director
AGE
64
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Great Lakes Dredge & Dock insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Mar 19 Sell David Simonelli Individual 13. Mar 19 14. Mar 19 -22,500 $8.23 $-184,175
07. Mar 19 Sell Privet Fund Management, LLC Company 04. Mar 19 06. Mar 19 -500,000 $8.56 $-4,184,873
06. Mar 19 Sell Privet Fund Management, LLC Company 04. Mar 19 05. Mar 19 -204,626 $8.56 $-1,467,776
01. Mar 19 Sell Privet Fund Management, LLC Company 27. Feb 19 27. Feb 19 -500,000 $8.50 $-4,251,500
27. Feb 19 Sell Privet Fund Management, LLC Company 22. Feb 19 26. Feb 19 -1,000,000 $8.42 $-8,388,507
14. Dec 18 Sell Privet Fund Management, LLC Company 13. Dec 18 14. Dec 18 -125,000 $7.54 $-941,495
15. Aug 18 Buy Lasse Petterson Individual 14. Aug 18 14. Aug 18 50,000 $5.30 $264,845
29. May 18 Buy Ronald Steger Individual 25. May 18 25. May 18 5,000 $4.92 $24,615
14. May 18 Buy Kathleen Shanahan Individual 10. May 18 10. May 18 1,500 $5.08 $7,620
X
Management checks
We assess Great Lakes Dredge & Dock's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Great Lakes Dredge & Dock has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Great Lakes Dredge & Dock (NASDAQ:GLDD) Shareholders Have Enjoyed An Impressive 101% Share Price Gain

For instance the Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) share price is 101% higher than it was three years ago. … Check out our latest analysis for Great Lakes Dredge & Dock. … Great Lakes Dredge & Dock became profitable within the last three years.

Simply Wall St -

A Look At The Intrinsic Value Of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)

Help shape the future of investing tools and receive a $20 prize! … by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF)

Simply Wall St -

Have Insiders Been Buying Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Great Lakes Dredge & Dock Insider Transactions Over The Last Year

Simply Wall St -

Do Institutions Own Shares In Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)?

If you want to know who really controls Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of US$394m, Great Lakes Dredge & Dock is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

What Should Investors Know About Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Return On Capital?

and want to begin learning the link between Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)’s return fundamentals and stock market performance. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in Great Lakes Dredge & Dock, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Expensive For A Reason? A Look At The Intrinsic Value

by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Be Concerned About Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Investors?

I am going to take a deep dive into Great Lakes Dredge & Dock Corporation’s (NASDAQ:GLDD) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine GLDD's ownership structure in more detail.

Simply Wall St -

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Is Trading At A 26.71% Discount

Does the share price for Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) reflect it's really worth? … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Great Lakes Dredge & Dock by following the link below.

Simply Wall St -

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD): Does The Earnings Decline Make It An Underperformer?

Examining Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) past track record of performance is a useful exercise for investors. … See our latest analysis for Great Lakes Dredge & Dock Was GLDD's recent earnings decline indicative of a tough track record? … For Great Lakes Dredge & Dock, its most recent earnings (trailing twelve month) is -US$18.56M, which, against last year’s level, has become more negative.

Simply Wall St -

Should You Buy Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Now?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), a construction company based in United States, saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $5.2 and falling to the lows of $4.25. … I find that Great Lakes Dredge & Dock’s ratio of 1.24x is trading slightly below its industry peers’ ratio of 1.68x, which means if you buy Great Lakes Dredge & Dock today, you’d be paying a relatively reasonable price for it. … And if you believe Great Lakes Dredge & Dock should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading.

Simply Wall St -

Company Info

Description

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.

Details
Name: Great Lakes Dredge & Dock Corporation
GLDD
Exchange: NasdaqGS
Founded: 1890
$571,176,119
62,904,859
Website: http://www.gldd.com
Address: Great Lakes Dredge & Dock Corporation
2122 York Road,
Oak Brook,
Illinois, 60523,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GLDD Common Stock Nasdaq Global Select US USD 27. Dec 2006
DB 5GL Common Stock Deutsche Boerse AG DE EUR 27. Dec 2006
Number of employees
Current staff
Staff numbers
463
Great Lakes Dredge & Dock employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:57
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.