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GLDD

Great Lakes Dredge & Dock NasdaqGS:GLDD Stock Report

Last Price

US$14.75

Market Cap

US$974.5m

7D

2.1%

1Y

0.07%

Updated

26 May, 2022

Data

Company Financials +
GLDD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends0/6

GLDD Stock Overview

Great Lakes Dredge & Dock Corporation provides dredging services in the United States.

Great Lakes Dredge & Dock Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Great Lakes Dredge & Dock
Historical stock prices
Current Share PriceUS$14.75
52 Week HighUS$16.27
52 Week LowUS$13.24
Beta0.70
1 Month Change7.27%
3 Month Change4.39%
1 Year Change0.068%
3 Year Change36.96%
5 Year Change251.19%
Change since IPO128.68%

Recent News & Updates

Mar 15

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.

Feb 17
Returns On Capital Are Showing Encouraging Signs At Great Lakes Dredge & Dock (NASDAQ:GLDD)

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...

Shareholder Returns

GLDDUS ConstructionUS Market
7D2.1%4.2%1.0%
1Y0.07%-1.1%-15.1%

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.

Price Volatility

Is GLDD's price volatile compared to industry and market?
GLDD volatility
GLDD Average Weekly Movement3.3%
Construction Industry Average Movement5.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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

FoundedEmployeesCEOWebsite
1890421Lasse Pettersonhttps://www.gldd.com

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

How do Great Lakes Dredge & Dock's earnings and revenue compare to its market cap?
GLDD fundamental statistics
Market CapUS$974.46m
Earnings (TTM)US$51.68m
Revenue (TTM)US$742.87m

18.9x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLDD income statement (TTM)
RevenueUS$742.87m
Cost of RevenueUS$597.62m
Gross ProfitUS$145.25m
Other ExpensesUS$93.57m
EarningsUS$51.68m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.78
Gross Margin19.55%
Net Profit Margin6.96%
Debt/Equity Ratio77.3%

How did GLDD perform over the long term?

See historical performance and comparison

Valuation

Is Great Lakes Dredge & Dock undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


18.86x

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).


Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.7%

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


Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.0%

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.


Financial Health

How is Great Lakes Dredge & Dock's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • 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

Management

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

1.9yrs

Average management tenure


CEO

Lasse Petterson (65 yo)

5yrs

Tenure

US$3,103,804

Compensation

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.


Leadership Team

Experienced Management: GLDD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: GLDD's board of directors are considered experienced (4.7 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Great Lakes Dredge & Dock Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Great Lakes Dredge & Dock Corporation
  • 9811 Katy Freeway
  • Suite 1200
  • Houston
  • Texas
  • 77024
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.