GLOBUS MARITIME LIMITED (GLBS)
MHY272651263 - Common Stock
We assign a fundamental rating of 3 out of 10 to GLBS. GLBS was compared to 29 industry peers in the Marine Transportation industry. The financial health of GLBS is average, but there are quite some concerns on its profitability. GLBS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLBS was profitable.
GLBS had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GLBS reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: GLBS reported negative operating cash flow in multiple years.
1.2 Ratios
GLBS has a worse Return On Assets (2.28%) than 62.07% of its industry peers.
The Return On Equity of GLBS (3.00%) is worse than 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.28% | ||
| ROE | 3% | ||
| ROIC | N/A |
ROA(3y)7.03%
ROA(5y)-12.85%
ROE(3y)9.14%
ROE(5y)-76.2%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GLBS's Profit Margin of 16.91% is in line compared to the rest of the industry. GLBS outperforms 55.17% of its industry peers.
GLBS has a worse Gross Margin (35.84%) than 62.07% of its industry peers.
GLBS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 16.91% | ||
| GM | 35.84% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.12%
GM growth 5Y-2.55%
2. Health
2.1 Basic Checks
GLBS does not have a ROIC to compare to the WACC, probably because it is not profitable.
GLBS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLBS has more shares outstanding
GLBS has a worse debt/assets ratio than last year.
2.2 Solvency
GLBS has an Altman-Z score of 0.23. This is a bad value and indicates that GLBS is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.23, GLBS is doing worse than 68.97% of the companies in the same industry.
GLBS has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
GLBS has a better Debt to Equity ratio (0.26) than 68.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.23 |
ROIC/WACCN/A
WACC5.82%
2.3 Liquidity
GLBS has a Current Ratio of 8.35. This indicates that GLBS is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of GLBS (8.35) is better than 89.66% of its industry peers.
A Quick Ratio of 8.21 indicates that GLBS has no problem at all paying its short term obligations.
GLBS has a better Quick ratio (8.21) than 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.35 | ||
| Quick Ratio | 8.21 |
3. Growth
3.1 Past
GLBS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -75.70%.
Looking at the last year, GLBS shows a very negative growth in Revenue. The Revenue has decreased by -49.47% in the last year.
Measured over the past years, GLBS shows a quite strong growth in Revenue. The Revenue has been growing by 12.46% on average per year.
EPS 1Y (TTM)-75.7%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q113.33%
Revenue 1Y (TTM)-49.47%
Revenue growth 3Y38.48%
Revenue growth 5Y12.46%
Revenue growth Q2Q-14.44%
3.2 Future
GLBS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -26.81% yearly.
GLBS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.38% yearly.
EPS Next Y49.08%
EPS Next 2Y-62.1%
EPS Next 3Y-26.81%
EPS Next 5YN/A
Revenue Next Year56.19%
Revenue Next 2Y22.41%
Revenue Next 3Y22.38%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.27, the valuation of GLBS can be described as very cheap.
Based on the Price/Earnings ratio, GLBS is valued a bit cheaper than the industry average as 72.41% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of GLBS to the average of the S&P500 Index (24.55), we can say GLBS is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.88, the valuation of GLBS can be described as very cheap.
Based on the Price/Forward Earnings ratio, GLBS is valued a bit cheaper than the industry average as 75.86% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of GLBS to the average of the S&P500 Index (20.92), we can say GLBS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 4.88 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLBS is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.31 |
4.3 Compensation for Growth
GLBS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A cheap valuation may be justified as GLBS's earnings are expected to decrease with -26.81% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y-62.1%
EPS Next 3Y-26.81%
5. Dividend
5.1 Amount
No dividends for GLBS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
GLOBUS MARITIME LIMITED
NASDAQ:GLBS (5/1/2024, 7:00:01 PM)
1.89
+0 (+0.27%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap38.90M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 4.88 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.15
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.28% | ||
| ROE | 3% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 16.91% | ||
| GM | 35.84% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 8.35 | ||
| Quick Ratio | 8.21 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-75.7%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y49.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-49.47%
Revenue growth 3Y38.48%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y