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1. Company Snapshot

1.a. 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.

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1.b. Last Insights on GLBS

Globus Maritime Limited's recent performance was driven by the release of its financial results for the second quarter and six-month period ended June 30, 2025. The company's unaudited consolidated financial results provided investors with insight into its current business condition. Additionally, the announcement of the annual meeting of shareholders, scheduled for September 25, 2025, may have contributed to investor confidence. According to recent news, no information on share buyback or rating changes was disclosed. The company's decision to release its financial results on September 19, 2025, kept investors informed.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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MongoDB, Vestis And 3 Stocks To Watch Heading Into Monday

Dec -01

Source: feeds.benzinga.com

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Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-Month Period Ended September 30, 2025

Nov -28

Source: globenewswire.com

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Dow Surges Over 300 Points: Fear & Greed Index Remains In 'Extreme Fear' Zone

Nov -28

Source: feeds.benzinga.com

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Chagee Holdings, Tilray Brands And 3 Stocks To Watch Heading Into Friday

Nov -28

Source: feeds.benzinga.com

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Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2025 Results

Nov -26

Source: globenewswire.com

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Globus Maritime (NASDAQ:GLBS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Nov -20

Source: defenseworld.net

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Globus Maritime Announces Results of Annual Meeting of Shareholders

Sep -25

Source: globenewswire.com

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Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2025

Sep -19

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (14.00%)

6. Segments

Voyage

Expected Growth: 14.0%

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.

Management & Consulting Fee Income

Expected Growth: 18.0%

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.

7. Detailed Products

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.

8. Globus Maritime Limited's Porter Forces

Forces Ranking

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.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 22.96%
Debt Cost 4.92%
Equity Weight 77.04%
Equity Cost 4.92%
WACC 4.92%
Leverage 29.80%

11. Quality Control: Globus Maritime Limited passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Solstad Offshore

A-Score: 5.0/10

Value: 7.5

Growth: 2.2

Quality: 9.1

Yield: 0.6

Momentum: 8.0

Volatility: 2.7

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KNOT Offshore Partners

A-Score: 4.6/10

Value: 8.9

Growth: 2.3

Quality: 4.9

Yield: 5.6

Momentum: 4.0

Volatility: 1.7

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Seanergy Maritime Holdings

A-Score: 4.5/10

Value: 7.8

Growth: 2.2

Quality: 3.8

Yield: 9.4

Momentum: 1.5

Volatility: 2.3

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Cadeler

A-Score: 4.0/10

Value: 7.3

Growth: 5.8

Quality: 5.9

Yield: 0.0

Momentum: 0.5

Volatility: 4.3

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Top Ships

A-Score: 2.8/10

Value: 9.6

Growth: 2.0

Quality: 4.4

Yield: 0.0

Momentum: 1.0

Volatility: 0.0

1-Year Total Return ->

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Globus Maritime

A-Score: 1.9/10

Value: 9.2

Growth: 1.3

Quality: 1.0

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.8$

Current Price

1.8$

Potential

-0.00%

Expected Cash-Flows