-7.04%
8.20%
-21.43%
-22.35%
-41.07%
-30.53%
-98.09%
AI Spotlight on GLBS
Company Description
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 March 31, 2022, the company's fleet included nine vessels with a total carrying capacity of 626,257 deadweight tonnage.
It charters its vessels to operators, trading houses, shipping companies and producers, and government-owned entities.The company was incorporated in 2006 and is based in Athens, Greece.Globus Maritime Limited is a subsidiary of Firment Trading Limited.
Market Data
| Last Price | 1.32 |
| Change Percentage | -7.04% |
| Open | 1.42 |
| Previous Close | 1.42 |
| Market Cap ( Millions) | 27 |
| Volume | 18162 |
| Year High | 2.4 |
| Year Low | 1.06 |
| M A 50 | 1.32 |
| M A 200 | 1.7 |
Financial Ratios
| FCF Yield | -258.94% |
| Dividend Yield | 0.00% |
| ROE | 1.58% |
| Debt / Equity | 53.93% |
| Net Debt / EBIDTA | 216.71% |
| Price To Book | 0.15 |
| Price Earnings Ratio | 9.68 |
| Price To FCF | -0.39 |
| Price To sales | 0.82 |
| EV / EBITDA | 3.78 |
News
- Dec -30 - Globus Maritime Announces a Sale and Bareboat Back Transaction for its Vessel GLBS Magic
- Nov -29 - Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-month period ended September 30, 2024
- Nov -27 - Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2024 Results
- Oct -24 - Globus Maritime Limited Announces Agreements to Purchase Two Vessels
- Oct -02 - Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel “Glbs Magic,” Expanding Fleet to Eight Vessels
- Sep -12 - Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2024
- Sep -12 - Globus Maritime Announces Results of Annual Meeting of Shareholders
- Sep -10 - Globus Maritime Sets Date for the Release of Second Quarter and First Half 2024 Results
- Aug -15 - Globus Maritime Announces Annual Meeting of Shareholders
- Jun -07 - Globus Maritime Limited Reports Financial Results for the Quarter Ended March 31, 2024
- Jun -05 - Globus Maritime Sets Date For the Release of First Quarter 2024 Results
- Mar -15 - Globus Maritime Announces Filing of its 2023 Annual Report on Form 20–F
- Jan -25 - Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel “Glbs Hero,” Expanding Fleet to Seven Vessels
- Nov -16 - Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-month period ended September 30, 2023
- Nov -13 - Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2023 Results
- Oct -03 - Globus Maritime Limited Regains Compliance with NASDAQ's Minimum Closing Bid Price
- Oct -02 - Globus Maritime: Upgrading To Buy On Massive Insider Buying
- Sep -22 - Top 4 Industrials Stocks That Could Blast Off This Quarter - Alaska Air Gr (NYSE:ALK), Asure Software (NASDAQ:ASUR)
- Sep -21 - Globus Maritime Announces Results of Annual Meeting of Shareholders
- Sep -14 - The 3 Most Undervalued Under-$1 Stocks to Buy in September 2023
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Voyage
Expected Growth : 14.0 %
What the company do ?
Voyage from Globus Maritime Limited refers to the transportation of goods or cargo by sea, typically involving a series of ports of call, managed and operated by Globus Maritime Limited.
Why we expect these perspectives ?
Strong demand for dry bulk commodities, particularly iron ore and coal, driven by China's infrastructure development and global economic growth. Increased vessel utilization and higher charter rates, supported by a favorable supply and demand balance. Effective cost management and operational efficiency initiatives by Globus Maritime Limited, contributing to improved profitability.
Segment n°2 -> Management & Consulting Fee Income
Expected Growth : 18.0 %
What the company do ?
Management and Consulting Fee Income from Globus Maritime Limited refers to the revenue generated from providing management and consulting services to related parties.
Why we expect these perspectives ?
Globus Maritime's 18.0% growth in Management & Consulting Fee Income is driven by increased vessel management agreements, expansion of consulting services to new clients, and improved operational efficiency. Additionally, the company's strategic partnerships and joint ventures have contributed to the growth, along with a favorable shipping market and rising demand for maritime services.
Globus Maritime Limited Products
| Product Range | What is it ? |
|---|---|
| Dry Bulk Vessels | Globus Maritime Limited owns and operates a fleet of dry bulk vessels that transport a variety of dry bulk cargoes such as iron ore, coal, grains, and other commodities. |
| Time Charter Services | The company offers time charter services to customers who require vessels for a specific period of time, providing flexibility and reliability in cargo transportation. |
| Voyage Charter Services | Globus Maritime Limited offers voyage charter services, where the company provides a vessel for a single voyage, allowing customers to transport cargo on a one-time basis. |
| Ship Management Services | The company provides ship management services, including technical management, crew management, and commercial management, to vessel owners and operators. |
Globus Maritime Limited's Porter Forces
Threat Of Substitutes
The threat of substitutes is moderate for Globus Maritime Limited, as there are alternative modes of transportation available, but the company's specialized services and long-term contracts reduce the likelihood of customers switching to substitutes.
Bargaining Power Of Customers
The bargaining power of customers is low for Globus Maritime Limited, as the company has a diverse customer base and long-term contracts, reducing the dependence on individual customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate for Globus Maritime Limited, as the company relies on a few large suppliers for fuel and equipment, but has some flexibility to negotiate prices.
Threat Of New Entrants
The threat of new entrants is low for Globus Maritime Limited, as the company operates in a capital-intensive industry with high barriers to entry, making it difficult for new companies to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high for Globus Maritime Limited, as the company operates in a competitive industry with many established players, and the company needs to continuously improve its services and costs to remain competitive.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 22.96% |
| Debt Cost | 4.92% |
| Equity Weight | 77.04% |
| Equity Cost | 4.92% |
| WACC | 4.92% |
| Leverage | 29.80% |
Globus Maritime Limited : Quality Control
Globus Maritime Limited passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CADLR.OL | Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry. … |
| KNOP | KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil … |
| SHIP | Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of … |
| TOPS | Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it … |
| SOFF.OL | Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. It provides platform supply vessel, anchor handling vessel, subsea construction, and renewable energy services. … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Seanergy Maritime Holdings
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1-Year Total Return ->
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Cadeler
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1-Year Total Return ->
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KNOT Offshore Partners
A-Score
1-Year Total Return ->
4
Solstad Offshore
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1-Year Total Return ->
5
Top Ships
A-Score
1-Year Total Return ->
6
