GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Fundamental Analysis
NASDAQ:GLDD - Nasdaq - US3906071093 - Common Stock - Currency: USD
Overall GLDD gets a fundamental rating of 4 out of 10. We evaluated GLDD against 51 industry peers in the Construction & Engineering industry. There are concerns on the financial health of GLDD while its profitability can be described as average. GLDD has a decent growth rate and is not valued too expensively.
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.
GLDD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.56%, GLDD is doing good in the industry, outperforming 64.71% of the companies in the same industry.
GLDD has a Return On Equity of 12.76%. This is in the better half of the industry: GLDD outperforms 66.67% of its industry peers.
With a decent Return On Invested Capital value of 6.56%, GLDD is doing good in the industry, outperforming 60.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.56% | ||
| ROE | 12.76% | ||
| ROIC | 6.56% |
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's Profit Margin of 7.51% is amongst the best of the industry. GLDD outperforms 80.39% of its industry peers.
GLDD's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 11.77%, GLDD belongs to the top of the industry, outperforming 90.20% of the companies in the same industry.
GLDD's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 21.05%, GLDD is doing good in the industry, outperforming 64.71% 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 | 11.77% | ||
| PM (TTM) | 7.51% | ||
| GM | 21.05% |
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
GLDD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, GLDD has more shares outstanding
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
Based on the Altman-Z score of 1.58, we must say that GLDD is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.58, GLDD is doing worse than 60.78% of the companies in the same industry.
GLDD has a Debt/Equity ratio of 1.00. This is a neutral value indicating GLDD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.00, GLDD is doing worse than 60.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.58 |
ROIC/WACC0.64
WACC10.27%
2.3 Liquidity
GLDD has a Current Ratio of 1.22. This is a normal value and indicates that GLDD is financially healthy and should not expect problems in meeting its short term obligations.
GLDD's Current ratio of 1.22 is in line compared to the rest of the industry. GLDD outperforms 43.14% of its industry peers.
GLDD has a Quick Ratio of 1.08. This is a normal value and indicates that GLDD is financially healthy and should not expect problems in meeting its short term obligations.
GLDD has a worse Quick ratio (1.08) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 78.95% over the past year.
GLDD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.42% yearly.
GLDD shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.35%.
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)29.35%
Revenue growth 3Y1.65%
Revenue growth 5Y1.4%
Sales Q2Q%22.25%
3.2 Future
The Earnings Per Share is expected to grow by 7.59% on average over the next years.
Based on estimates for the next years, GLDD will show a small growth in Revenue. The Revenue will grow by 5.35% on average per year.
EPS Next Y16.17%
EPS Next 2Y7.59%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.13%
Revenue Next 2Y5.35%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.48, the valuation of GLDD can be described as reasonable.
98.04% of the companies in the same industry are more expensive than GLDD, based on the Price/Earnings ratio.
GLDD is valuated cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.99, the valuation of GLDD can be described as very reasonable.
90.20% of the companies in the same industry are more expensive than GLDD, based on the Price/Forward Earnings ratio.
GLDD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.48 | ||
| Fwd PE | 10.99 |
4.2 Price Multiples
96.08% of the companies in the same industry are more expensive than GLDD, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.84 |
4.3 Compensation for Growth
The 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)0.65
PEG (5Y)3.06
EPS Next 2Y7.59%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GLDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
10.69
-0.17 (-1.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners85.36%
Inst Owner Change-6.93%
Ins Owners1.98%
Ins Owner Change9.9%
Market Cap720.08M
Analysts84.44
Price Target14.79 (38.35%)
Short Float %1.48%
Short Ratio1.89
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)1
Avg EPS beat(2)-2.11%
Min EPS beat(2)-29.19%
Max EPS beat(2)24.97%
EPS beat(4)3
Avg EPS beat(4)185.06%
Min EPS beat(4)-29.19%
Max EPS beat(4)439.22%
EPS beat(8)7
Avg EPS beat(8)148.76%
EPS beat(12)8
Avg EPS beat(12)24.11%
EPS beat(16)9
Avg EPS beat(16)10.05%
Revenue beat(2)1
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-4.89%
Max Revenue beat(2)1.81%
Revenue beat(4)3
Avg Revenue beat(4)2.54%
Min Revenue beat(4)-4.89%
Max Revenue beat(4)12.26%
Revenue beat(8)4
Avg Revenue beat(8)-1.69%
Revenue beat(12)5
Avg Revenue beat(12)-2.89%
Revenue beat(16)5
Avg Revenue beat(16)-4.72%
PT rev (1m)0%
PT rev (3m)-1.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)33.47%
EPS NY rev (1m)27.98%
EPS NY rev (3m)13.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.13%
Revenue NY rev (1m)5.13%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.48 | ||
| Fwd PE | 10.99 | ||
| P/S | 0.94 | ||
| P/FCF | N/A | ||
| P/OCF | 10.28 | ||
| P/B | 1.6 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 8.84 |
EPS(TTM)1.02
EY9.54%
EPS(NY)0.97
Fwd EY9.1%
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)1.04
OCFY9.73%
SpS11.32
BVpS6.66
TBVpS5.53
PEG (NY)0.65
PEG (5Y)3.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.56% | ||
| ROE | 12.76% | ||
| ROCE | 8.64% | ||
| ROIC | 6.56% | ||
| ROICexc | 6.63% | ||
| ROICexgc | 7.16% | ||
| OM | 11.77% | ||
| PM (TTM) | 7.51% | ||
| GM | 21.05% | ||
| 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-Score7
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.38 | ||
| Cap/Depr | 293.09% | ||
| Cap/Sales | 16.41% | ||
| Interest Coverage | 3.02 | ||
| Cash Conversion | 52.87% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 1.58 |
F-Score7
WACC10.27%
ROIC/WACC0.64
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 Y16.17%
EPS Next 2Y7.59%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)29.35%
Revenue growth 3Y1.65%
Revenue growth 5Y1.4%
Sales Q2Q%22.25%
Revenue Next Year6.13%
Revenue Next 2Y5.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y332.2%
EBIT growth 3Y2.62%
EBIT growth 5Y-1.03%
EBIT Next Year55.11%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y46.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.73%
OCF growth 3Y12.66%
OCF growth 5Y-18.3%