GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Fundamental Analysis
NASDAQ:GLDD - Nasdaq - US3906071093 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to GLDD. GLDD was compared to 49 industry peers in the Construction & Engineering industry. While GLDD is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GLDD.
1. Profitability
1.1 Basic Checks
In the past year GLDD was profitable.
In the past year GLDD had a positive cash flow from operations.
Of the past 5 years GLDD 4 years were profitable.
Each year in the past 5 years GLDD had a positive operating cash flow.
1.2 Ratios
GLDD has a Return On Assets of 5.65%. This is in the better half of the industry: GLDD outperforms 69.39% of its industry peers.
With a decent Return On Equity value of 14.51%, GLDD is doing good in the industry, outperforming 67.35% of the companies in the same industry.
GLDD has a Return On Invested Capital of 8.02%. This is in the better half of the industry: GLDD outperforms 63.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 14.51% | ||
| ROIC | 8.02% |
ROA(3y)0.78%
ROA(5y)2.84%
ROE(3y)2.37%
ROE(5y)7.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GLDD has a Profit Margin of 8.63%. This is amongst the best in the industry. GLDD outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of GLDD has grown nicely.
With an excellent Operating Margin value of 13.61%, GLDD belongs to the best of the industry, outperforming 93.88% of the companies in the same industry.
In the last couple of years the Operating Margin of GLDD has declined.
With a decent Gross Margin value of 22.87%, GLDD is doing good in the industry, outperforming 73.47% of the companies in the same industry.
In the last couple of years the Gross Margin of GLDD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.61% | ||
| PM (TTM) | 8.63% | ||
| GM | 22.87% |
OM growth 3Y0.95%
OM growth 5Y-2.4%
PM growth 3Y3.34%
PM growth 5Y1.62%
GM growth 3Y1.71%
GM growth 5Y-0.53%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLDD is destroying value.
The number of shares outstanding for GLDD has been increased compared to 1 year ago.
The number of shares outstanding for GLDD has been increased compared to 5 years ago.
Compared to 1 year ago, GLDD has an improved debt to assets ratio.
2.2 Solvency
GLDD has an Altman-Z score of 1.81. This is not the best score and indicates that GLDD is in the grey zone with still only limited risk for bankruptcy at the moment.
GLDD's Altman-Z score of 1.81 is in line compared to the rest of the industry. GLDD outperforms 40.82% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that GLDD is somewhat dependend on debt financing.
GLDD has a Debt to Equity ratio (0.86) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.81 |
ROIC/WACC0.74
WACC10.78%
2.3 Liquidity
A Current Ratio of 1.33 indicates that GLDD should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.33, GLDD is doing good in the industry, outperforming 61.22% of the companies in the same industry.
GLDD has a Quick Ratio of 1.20. This is a normal value and indicates that GLDD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.20, GLDD is in line with its industry, outperforming 48.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
GLDD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 78.95%, which is quite impressive.
Measured over the past 5 years, GLDD shows a small growth in Earnings Per Share. The EPS has been growing by 3.42% on average per year.
GLDD shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.02%.
Measured over the past years, GLDD shows a small growth in Revenue. The Revenue has been growing by 1.40% on average per year.
EPS 1Y (TTM)78.95%
EPS 3Y4.32%
EPS 5Y3.42%
EPS Q2Q%58.06%
Revenue 1Y (TTM)28.02%
Revenue growth 3Y1.65%
Revenue growth 5Y1.4%
Sales Q2Q%22.25%
3.2 Future
GLDD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.97% yearly.
The Revenue is expected to grow by 6.21% on average over the next years.
EPS Next Y15.05%
EPS Next 2Y7.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.6%
Revenue Next 2Y6.21%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 11.18, the valuation of GLDD can be described as reasonable.
Based on the Price/Earnings ratio, GLDD is valued cheaply inside the industry as 97.96% of the companies are valued more expensively.
GLDD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.91.
Based on the Price/Forward Earnings ratio of 11.64, the valuation of GLDD can be described as reasonable.
GLDD's Price/Forward Earnings ratio is rather cheap when compared to the industry. GLDD is cheaper than 91.84% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.11, GLDD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
GLDD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GLDD is cheaper than 93.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.76 |
4.3 Compensation for Growth
GLDD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of GLDD may justify a higher PE ratio.
PEG (NY)0.74
PEG (5Y)3.27
EPS Next 2Y7.97%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GLDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.4
-0.02 (-0.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners84.17%
Inst Owner Change0.2%
Ins Owners2.54%
Ins Owner Change9.68%
Market Cap774.40M
Analysts84.44
Price Target15.3 (34.21%)
Short Float %1.41%
Short Ratio1.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)53.99%
Min EPS beat(2)24.97%
Max EPS beat(2)83.01%
EPS beat(4)3
Avg EPS beat(4)129.5%
Min EPS beat(4)-29.19%
Max EPS beat(4)439.22%
EPS beat(8)7
Avg EPS beat(8)150.24%
EPS beat(12)8
Avg EPS beat(12)30.68%
EPS beat(16)10
Avg EPS beat(16)17.78%
Revenue beat(2)1
Avg Revenue beat(2)5.15%
Min Revenue beat(2)-4.89%
Max Revenue beat(2)15.19%
Revenue beat(4)3
Avg Revenue beat(4)3.28%
Min Revenue beat(4)-4.89%
Max Revenue beat(4)15.19%
Revenue beat(8)4
Avg Revenue beat(8)-0.4%
Revenue beat(12)5
Avg Revenue beat(12)-2.6%
Revenue beat(16)6
Avg Revenue beat(16)-3.35%
PT rev (1m)0%
PT rev (3m)3.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.63%
EPS NY rev (1m)0%
EPS NY rev (3m)26.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 11.64 | ||
| P/S | 0.96 | ||
| P/FCF | N/A | ||
| P/OCF | 8.37 | ||
| P/B | 1.61 | ||
| P/tB | 1.92 | ||
| EV/EBITDA | 7.76 |
EPS(TTM)1.02
EY8.95%
EPS(NY)0.98
Fwd EY8.59%
FCF(TTM)-0.62
FCFYN/A
OCF(TTM)1.36
OCFY11.94%
SpS11.88
BVpS7.07
TBVpS5.94
PEG (NY)0.74
PEG (5Y)3.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 14.51% | ||
| ROCE | 10.56% | ||
| ROIC | 8.02% | ||
| ROICexc | 8.11% | ||
| ROICexgc | 8.76% | ||
| OM | 13.61% | ||
| PM (TTM) | 8.63% | ||
| GM | 22.87% | ||
| FCFM | N/A |
ROA(3y)0.78%
ROA(5y)2.84%
ROE(3y)2.37%
ROE(5y)7.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-11.01%
ROICexcg growth 5Y-15.58%
ROICexc growth 3Y-9.85%
ROICexc growth 5Y-14.11%
OM growth 3Y0.95%
OM growth 5Y-2.4%
PM growth 3Y3.34%
PM growth 5Y1.62%
GM growth 3Y1.71%
GM growth 5Y-0.53%
F-Score9
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.72 | ||
| Cap/Depr | 318.61% | ||
| Cap/Sales | 16.67% | ||
| Interest Coverage | 3.51 | ||
| Cash Conversion | 60.82% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 1.81 |
F-Score9
WACC10.78%
ROIC/WACC0.74
Cap/Depr(3y)318.88%
Cap/Depr(5y)270.53%
Cap/Sales(3y)21.34%
Cap/Sales(5y)17.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)78.95%
EPS 3Y4.32%
EPS 5Y3.42%
EPS Q2Q%58.06%
EPS Next Y15.05%
EPS Next 2Y7.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)28.02%
Revenue growth 3Y1.65%
Revenue growth 5Y1.4%
Sales Q2Q%22.25%
Revenue Next Year6.6%
Revenue Next 2Y6.21%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y114.75%
EBIT growth 3Y2.62%
EBIT growth 5Y-1.03%
EBIT Next Year73.47%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y74.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y704.41%
OCF growth 3Y12.66%
OCF growth 5Y-18.3%