Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide.
Globus Maritime Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.11|
|52 Week High||US$2.55|
|52 Week Low||US$15.60|
|1 Month Change||4.36%|
|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
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...
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
|GLBS||US Shipping||US Market|
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.
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
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
|GLBS fundamental statistics|
Is GLBS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GLBS income statement (TTM)|
|Cost of Revenue||US$12.11m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-3.33|
|Net Profit Margin||-62.45%|
How did GLBS perform over the long term?See historical performance and comparison
Is Globus Maritime undervalued compared to its fair value and its price relative to the market?
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).
How is Globus Maritime forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has Globus Maritime performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thanos Feidakis (34 yo)
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...
Experienced Management: GLBS's management team is seasoned and experienced (8.8 years average tenure).
Experienced Board: GLBS's board of directors are considered experienced (9.7 years average tenure).
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1052%.
Globus Maritime Limited's employee growth, exchange listings and data sources
- 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
- Globus Maritime Limited
- 128 Vouliagmenis Avenue
- 3rd Floor
- 166 74
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 23:04|
|End of Day Share Price||2021/09/23 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.