NasdaqGS:GLDD

Stock Analysis Report

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Market Cap

US$934.1m

Last Updated

2021/06/23 04:43 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Moderate growth potential with questionable track record.


Similar Companies

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.


Market Performance


7 Day Return

-2.3%

GLDD

-4.1%

US Construction

-0.1%

US Market


1 Year Return

60.1%

GLDD

88.6%

US Construction

39.0%

US Market

Return vs Industry: GLDD underperformed the US Construction industry which returned 88.2% over the past year.

Return vs Market: GLDD exceeded the US Market which returned 39% over the past year.


Shareholder returns

GLDDIndustryMarket
7 Day-2.3%-4.1%-0.1%
30 Day-2.0%-2.7%2.6%
90 Day1.7%7.3%8.0%
1 Year60.1%60.1%89.4%88.6%41.2%39.0%
3 Year166.0%166.0%52.4%49.8%62.4%52.3%
5 Year229.4%229.4%99.9%93.1%132.3%106.2%

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

Valuation

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

22.58x

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's PE Ratio (22.5x) is in line with the US Construction industry average.

PE vs Market: GLDD is poor value based on its PE Ratio (22.5x) compared to the US market (19.2x).


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.


Future Growth

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

28.5%

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 (9.4% 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


Past Performance

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

62.7%

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.


Financial Health

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).


Balance Sheet


Dividend

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.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Lasse Petterson (64 yo)

4.08yrs

Tenure

US$3,300,791

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 ($USD3.30M) is above average for companies of similar size in the US market ($USD2.34M).

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 ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: GLDD's board of directors are considered experienced (3.3 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 company bio, 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
  • Market Cap: US$934.086m
  • Shares outstanding: 65.64m
  • 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


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 04:43
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.