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GLBS

Globus MaritimeNasdaqCM:GLBS Stock Report

Market Cap

US$63.2m

7D

1.3%

1Y

-70.3%

Updated

23 Sep, 2021

Data

Company Financials +
GLBS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

GLBS Overview

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide.

Globus Maritime Competitors

Costamare

NYSE:CMRE

US$1.9b

Danaos

NYSE:DAC

US$1.6b

Eneti

NYSE:NETI

US$295.2m

EuroDry

NasdaqCM:EDRY

US$72.5m

Price History & Performance

Summary of all time highs, changes and price drops for Globus Maritime
Historical stock prices
Current Share PriceUS$3.11
52 Week HighUS$2.55
52 Week LowUS$15.60
Beta0.82
1 Month Change4.36%
3 Month Change-23.59%
1 Year Change-70.30%
3 Year Change-99.35%
5 Year Change-99.89%
Change since IPO-99.99%

Recent News & Updates

Aug 27
Is Globus Maritime (NASDAQ:GLBS) Using Debt In A Risky Way?

Is Globus Maritime (NASDAQ:GLBS) Using Debt In A Risky Way?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 15

Globus Maritime takes delivery of Kamsarmax dry bulk carrier

Dry bulk shipping company Globus Maritime ([[GLBS]] -1.6%) has taken delivery of a 2018-built 'Eco' Kamsarmax dry bulk carrier.Built at the Jiangsu New Yangzi Shipbuilding yard in China, the new M/V "Diamond Globe" has a carrying capacity of 82,027 DWT and was acquired for $27M.The vessel will be chartered to an unrelated third party at a daily rate of $27,250, effective today.The charter will have a minimum duration of four months and a maximum duration of six months, generating gross revenue

Shareholder Returns

GLBSUS ShippingUS Market
7D1.3%-5.1%-0.5%
1Y-70.3%136.5%37.5%

Return vs Industry: GLBS underperformed the US Shipping industry which returned 134.9% over the past year.

Return vs Market: GLBS underperformed the US Market which returned 36.2% over the past year.

Price Volatility

Is GLBS's price volatile compared to industry and market?
GLBS volatility
GLBS Beta0.82
Industry Beta1.37
Market Beta1

Stable Share Price: GLBS is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GLBS's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
200614Thanos Feidakishttps://www.globusmaritime.gr

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of June 15, 2021, the company owned and operated seven vessels with a total carrying capacity of 463,765 deadweight tonnage.

Globus Maritime Fundamentals Summary

How do Globus Maritime's earnings and revenue compare to its market cap?
GLBS fundamental statistics
Market CapUS$63.16m
Earnings (TTM)-US$9.14m
Revenue (TTM)US$14.63m

4.4x

P/S Ratio

-7.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLBS income statement (TTM)
RevenueUS$14.63m
Cost of RevenueUS$12.11m
Gross ProfitUS$2.52m
ExpensesUS$11.66m
Earnings-US$9.14m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.33
Gross Margin17.22%
Net Profit Margin-62.45%
Debt/Equity Ratio36.4%

How did GLBS perform over the long term?

See historical performance and comparison

Valuation

Is Globus Maritime undervalued compared to its fair value and its price relative to the market?

0.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GLBS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GLBS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GLBS is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLBS is good value based on its PB Ratio (0.8x) compared to the US Shipping industry average (1.1x).


Future Growth

How is Globus Maritime forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

51.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GLBS's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if GLBS's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GLBS's revenue (51.3% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: GLBS's revenue (51.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Globus Maritime performed over the past 5 years?

-14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLBS is currently unprofitable.

Growing Profit Margin: GLBS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLBS is unprofitable, and losses have increased over the past 5 years at a rate of 14.6% per year.

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

Earnings vs Industry: GLBS is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (359.5%).


Return on Equity

High ROE: GLBS has a negative Return on Equity (-10.85%), as it is currently unprofitable.


Financial Health

How is Globus Maritime's financial position?


Financial Position Analysis

Short Term Liabilities: GLBS's short term assets ($53.6M) exceed its short term liabilities ($12.4M).

Long Term Liabilities: GLBS's short term assets ($53.6M) exceed its long term liabilities ($25.4M).


Debt to Equity History and Analysis

Debt Level: GLBS's debt to equity ratio (36.4%) is considered satisfactory.

Reducing Debt: GLBS's debt to equity ratio has reduced from 256.1% to 36.4% over the past 5 years.


Balance Sheet


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: GLBS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: GLBS has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 60% each year


Dividend

What is Globus Maritime current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GLBS'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 GLBS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GLBS'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?

8.8yrs

Average management tenure


CEO

Thanos Feidakis (34 yo)

5.75yrs

Tenure

Mr. Athanasios Feidakis, also known as Thanos, has been the Chief Executive Officer, President and Chief Financial Officer of Globus Maritime Limited since December 28, 2015. Mr. Feidakis had been the Pres...


Leadership Team

Experienced Management: GLBS's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: GLBS's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1052%.


Top Shareholders

Company Information

Globus Maritime Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Globus Maritime Limited
  • Ticker: GLBS
  • Exchange: NasdaqCM
  • Founded: 2006
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$63.163m
  • Shares outstanding: 20.57m
  • Website: https://www.globusmaritime.gr

Number of Employees


Location

  • Globus Maritime Limited
  • 128 Vouliagmenis Avenue
  • 3rd Floor
  • Athens
  • 166 74
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:04
End of Day Share Price2021/09/23 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.