GLDD Stock Overview
Great Lakes Dredge & Dock Corporation provides dredging services in the United States.
Great Lakes Dredge & Dock Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.75|
|52 Week High||US$16.27|
|52 Week Low||US$13.24|
|1 Month Change||7.27%|
|3 Month Change||4.39%|
|1 Year Change||0.068%|
|3 Year Change||36.96%|
|5 Year Change||251.19%|
|Change since IPO||128.68%|
Recent News & Updates
Great Lakes Dredge & Dock: 'Quality, Comfort, And Price... That's Nice'
Great Lakes Dredge & Dock offers a unique and essential service, is supported by strong US Corps of Engineers investments in its services, and is valued priced. In early 2020, management laid out their corporate priorities, and they have been executing well on these 4 corporate goals. Trading at a forward PE of 14, most investors should agree GLDD is not overly valued in a stock market filled with extremely high valuation alternatives. Great Lakes Dredge & Dock is mainly a harbor, ocean-going waterways and passageways, and beach restoration firm with a 37% market share.
Returns On Capital Are Showing Encouraging Signs At Great Lakes Dredge & Dock (NASDAQ:GLDD)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
|GLDD||US Construction||US Market|
Return vs Industry: GLDD exceeded the US Construction industry which returned -1.1% over the past year.
Return vs Market: GLDD exceeded the US Market which returned -15.1% over the past year.
|GLDD Average Weekly Movement||3.3%|
|Construction Industry Average Movement||5.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: GLDD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GLDD's weekly volatility (3%) has been stable over the past year.
About the Company
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages 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 is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.
Great Lakes Dredge & Dock Fundamentals Summary
|GLDD fundamental statistics|
Is GLDD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GLDD income statement (TTM)|
|Cost of Revenue||US$597.62m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.78|
|Net Profit Margin||6.96%|
How did GLDD perform over the long term?See historical performance and comparison
Is Great Lakes Dredge & Dock undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GLDD ($14.75) is trading above our estimate of fair value ($0.29)
Significantly Below Fair Value: GLDD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GLDD is good value based on its Price-To-Earnings Ratio (18.9x) compared to the US Construction industry average (25.7x).
PE vs Market: GLDD is poor value based on its Price-To-Earnings Ratio (18.9x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: GLDD is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: GLDD is overvalued based on its Price-To-Book 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?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLDD's forecast earnings growth (21.7% per year) is above the savings rate (1.9%).
Earnings vs Market: GLDD's earnings (21.7% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GLDD's revenue (7.4% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: GLDD's revenue (7.4% 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?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
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%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: GLDD has become profitable over the past 5 years, growing earnings by 45% per year.
Accelerating Growth: GLDD's earnings growth over the past year (26.3%) is below its 5-year average (45% per year).
Earnings vs Industry: GLDD earnings growth over the past year (26.3%) underperformed the Construction industry 26.3%.
Return on Equity
High ROE: GLDD's Return on Equity (12.4%) is considered low.
How is Great Lakes Dredge & Dock's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GLDD's short term assets ($328.0M) exceed its short term liabilities ($151.9M).
Long Term Liabilities: GLDD's short term assets ($328.0M) do not cover its long term liabilities ($451.6M).
Debt to Equity History and Analysis
Debt Level: GLDD's net debt to equity ratio (43%) is considered high.
Reducing Debt: GLDD's debt to equity ratio has reduced from 171.5% to 77.3% over the past 5 years.
Debt Coverage: GLDD's debt is well covered by operating cash flow (26.3%).
Interest Coverage: GLDD's interest payments on its debt are well covered by EBIT (4.7x coverage).
What is Great Lakes Dredge & Dock current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GLDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GLDD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GLDD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GLDD's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: GLDD is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GLDD has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lasse Petterson (65 yo)
Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017 and has been its President since March 2020. Mr. Petterson served as the President and...
CEO Compensation Analysis
Compensation vs Market: Lasse's total compensation ($USD3.10M) is about average for companies of similar size in the US market ($USD3.84M).
Compensation vs Earnings: Lasse's compensation has been consistent with company performance over the past year.
Experienced Management: GLDD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: GLDD's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GLDD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Great Lakes Dredge & Dock Corporation's 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
- Implied Market Cap: US$974.465m
- Shares outstanding: 66.07m
- Website: https://www.gldd.com
Number of Employees
- Great Lakes Dredge & Dock Corporation
- 9811 Katy Freeway
- Suite 1200
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/26 00:00|
|End of Day Share Price||2022/05/26 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.