Great Lakes Dredge & Dock Corporation provides dredging services in the United States. More Details
Moderate growth potential and slightly overvalued.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GLDD's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: GLDD underperformed the US Construction industry which returned 85.2% over the past year.
Return vs Market: GLDD exceeded the US Market which returned 38.2% over the past year.
Long-Term 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
5 days ago | Simply Wall StThis Insider Has Just Sold Shares In Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)
3 weeks ago | Simply Wall StGreat Lakes Dredge & Dock (NASDAQ:GLDD) Might Have The Makings Of A Multi-Bagger
Is Great Lakes Dredge & Dock undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GLDD's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GLDD's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GLDD is good value based on its PE Ratio (22x) compared to the US Construction industry average (23.1x).
PE vs Market: GLDD is poor value based on its PE Ratio (22x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: GLDD is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: GLDD's PB Ratio (2.6x) is in line with the US Construction industry average.
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 (28.5% per year) is above the savings rate (2%).
Earnings vs Market: GLDD's earnings (28.5% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GLDD's revenue (5.6% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: GLDD's revenue (5.6% 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 (5.9%) are lower than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: GLDD has become profitable over the past 5 years, growing earnings by 62.7% per year.
Accelerating Growth: GLDD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GLDD had negative earnings growth (-40.8%) over the past year, making it difficult to compare to the Construction industry average (20.7%).
Return on Equity
High ROE: GLDD's Return on Equity (11.5%) is considered low.
How is Great Lakes Dredge & Dock's financial position?
Financial Position Analysis
Short Term Liabilities: GLDD's short term assets ($349.7M) exceed its short term liabilities ($169.3M).
Long Term Liabilities: GLDD's short term assets ($349.7M) do not cover its long term liabilities ($434.1M).
Debt to Equity History and Analysis
Debt Level: GLDD's debt to equity ratio (90.8%) is considered high.
Reducing Debt: GLDD's debt to equity ratio has reduced from 146% to 90.8% over the past 5 years.
Debt Coverage: GLDD's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: GLDD's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Great Lakes Dredge & Dock current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GLDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GLDD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GLDD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GLDD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GLDD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GLDD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lasse Petterson (64 yo)
Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017 and has been its President since March 2020. Mr. Petterson served as the President and...
CEO Compensation Analysis
Compensation vs Market: Lasse's total compensation ($USD3.30M) is above average for companies of similar size in the US market ($USD2.41M).
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 ( 1.3 years average tenure), which suggests a new team.
Experienced Board: GLDD's board of directors are considered experienced (3.3 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 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$931.461m
- Shares outstanding: 65.64m
- Website: https://www.gldd.com
Number of Employees
- Great Lakes Dredge & Dock Corporation
- 9811 Katy Freeway
- Suite 1200
- United States
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 reclama...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/22 03:26|
|End of Day Share Price||2021/06/21 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.