NasdaqGS:GIFI

Stock Analysis Report

Gulf Island Fabrication

Executive Summary

Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Share Price & News

How has Gulf Island Fabrication's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

GIFI

0.4%

US Energy Services

1.8%

US Market


1 Year Return

-40.8%

GIFI

-46.0%

US Energy Services

7.3%

US Market

Return vs Industry: GIFI exceeded the US Energy Services industry which returned -46% over the past year.

Return vs Market: GIFI underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

GIFIIndustryMarket
7 Day-0.4%0.4%1.8%
30 Day-12.8%-13.3%-0.7%
90 Day-23.5%-16.2%0.06%
1 Year-40.8%-40.8%-44.5%-46.0%9.7%7.3%
3 Year-47.5%-47.7%-55.2%-60.6%46.3%36.9%
5 Year-68.3%-69.7%-66.3%-71.2%64.5%46.5%

Price Volatility Vs. Market

How volatile is Gulf Island Fabrication's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gulf Island Fabrication undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GIFI ($5.39) is trading below our estimate of fair value ($110.34)

Significantly Undervalued: GIFI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GIFI is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: GIFI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GIFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GIFI is good value based on its PB Ratio (0.4x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Gulf Island Fabrication forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

171.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIFI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GIFI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GIFI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GIFI's revenue (9.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: GIFI's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if GIFI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gulf Island Fabrication performed over the past 5 years?

-44.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GIFI is unprofitable, and losses have increased over the past 5 years at a rate of -44.8% per year.

Accelerating Growth: Unable to compare GIFI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GIFI is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-13.1%).


Return on Equity

High ROE: GIFI has a negative Return on Equity (-12.37%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GIFI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GIFI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Gulf Island Fabrication's financial position?


Financial Position Analysis

Short Term Liabilities: GIFI's short term assets ($177.9M) exceeds its short term liabilities ($78.8M)

Long Term Liabilities: GIFI's short term assets (177.9M) exceeds its long term liabilities (5.4M)


Debt to Equity History and Analysis

Debt Level: GIFI is debt free.

Reducing Debt: GIFI had no debt 5 years ago.


Balance Sheet

Inventory Level: GIFI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GIFI's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GIFI has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GIFI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Gulf Island Fabrication's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate GIFI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GIFI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GIFI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GIFI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GIFI is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GIFI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Gulf Island Fabrication's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average management tenure


CEO

Kirk Meche (56yo)

6.8yrs

Tenure

US$2,119,510

Compensation

Mr. Kirk J. Meche has been the Chief Executive Officer and President of Gulf Island Fabrication, Inc. since January 1, 2013 and January 2009 respectively. He serves as Director of Gulf Island Fabrication,  ...


CEO Compensation Analysis

Compensation vs. Market: Kirk's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: Kirk's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.6yrs

Average Tenure

64yo

Average Age

Experienced Management: GIFI's management team is considered experienced (4.6 years average tenure).


Board Age and Tenure

6.2yrs

Average Tenure

68yo

Average Age

Experienced Board: GIFI's board of directors are considered experienced (6.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,504,03904 Oct 19
Wax Asset Management, LLC
EntityCompany
Shares270,783
Max PriceUS$6.62
SellUS$62,64606 Dec 18
Starboard Enterprises, L.L.C.
EntityCompany
Shares7,796
Max PriceUS$8.04
SellUS$251,10530 Nov 18
Starboard Enterprises, L.L.C.
EntityCompany
Shares31,244
Max PriceUS$8.06
SellUS$1,60028 Nov 18
Starboard Enterprises, L.L.C.
EntityCompany
Shares200
Max PriceUS$8.00
SellUS$37,78421 Nov 18
Starboard Enterprises, L.L.C.
EntityCompany
Shares4,720
Max PriceUS$8.02
SellUS$185,25119 Nov 18
Starboard Enterprises, L.L.C.
EntityCompany
Shares23,108
Max PriceUS$8.02

Ownership Breakdown


Management Team

  • Kirk Meche (56yo)

    President

    • Tenure: 6.8yrs
    • Compensation: US$2.12m
  • Christian Vaccari (64yo)

    Executive Vice President of Shipyard Division

    • Tenure: 0yrs
  • Westley Stockton (48yo)

    Executive VP & CFO

    • Tenure: 1.1yrs
    • Compensation: US$656.21k
  • Francis Smith (69yo)

    Chief Executive Officer of Gulf Marine Fabricators and President of Gulf Marine Fabricators

    • Tenure: 10.6yrs
    • Compensation: US$289.59k
  • Bill Fromenthal (65yo)

    Vice President of Gulf Island Services

    • Tenure: 2.5yrs
  • Roy Francis

    Executive Vice President

    • Tenure: 0yrs
  • Cindi Cook

    Executive Assistant to CEO

    • Tenure: 0yrs

Board Members

  • Bill Chiles (70yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$148.05k
  • Kirk Meche (56yo)

    President

    • Tenure: 6.8yrs
    • Compensation: US$2.12m
  • Gregory Cotter (70yo)

    Independent Director

    • Tenure: 34.8yrs
    • Compensation: US$148.05k
  • Murray Burns (73yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$136.05k
  • Sherry Richard (62yo)

    Independent Director

    • Tenure: 1yrs
    • Compensation: US$34.67k
  • Michael Flick (70yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$148.05k
  • Rob Averick (53yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$31.35k
  • Christopher Harding (67yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$136.05k
  • Jack Laborde (69yo)

    Independent Chairman

    • Tenure: 6.8yrs
    • Compensation: US$204.50k
  • Michael Keeffe (67yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$148.05k

Company Information

Gulf Island Fabrication, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gulf Island Fabrication, Inc.
  • Ticker: GIFI
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$82.130m
  • Shares outstanding: 15.24m
  • Website: https://www.gulfisland.com

Number of Employees


Location

  • Gulf Island Fabrication, Inc.
  • 16225 Park Ten Place
  • Suite 300
  • Houston
  • Texas
  • 77084
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIFINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1997
GU2DB (Deutsche Boerse AG)YesCommon StockDEEURApr 1997

Biography

Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through in segments: Fabrication,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:40
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.