5.13%
-25.07%
-31.20%
-16.23%
-4.49%
-43.78%
10.34%
AI Spotlight on GLDD
Company Description
Great Lakes Dredge & Dock Corporation provides dredging services in the United States.The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.
The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies.It operates a fleet of 18 dredges, 17 material transportation barges, 1 drillboat, and various other support vessels.The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905.
Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.
Market Data
| Last Price | 8.24 |
| Change Percentage | 5.13% |
| Open | 8.24 |
| Previous Close | 7.84 |
| Market Cap ( Millions) | 555 |
| Volume | 41918 |
| Year High | 12.89 |
| Year Low | 6.55 |
| M A 50 | 10.27 |
| M A 200 | 10.33 |
Financial Ratios
| FCF Yield | -11.94% |
| Dividend Yield | 0.00% |
| ROE | 13.46% |
| Debt / Equity | 122.02% |
| Net Debt / EBIDTA | 395.78% |
| Price To Book | 1.24 |
| Price Earnings Ratio | 9.7 |
| Price To FCF | -8.38 |
| Price To sales | 0.73 |
| EV / EBITDA | 8.05 |
News
- Feb -18 - Great Lakes Dredge & Dock (GLDD) Q4 Earnings Beat Estimates
- Feb -18 - Great Lakes Reports Fourth Quarter and Full Year 2024 Results
- Feb -12 - Here's Why Great Lakes Dredge & Dock (GLDD) Fell More Than Broader Market
- Feb -11 - Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 Fourth Quarter Results
- Feb -06 - Great Lakes Dredge & Dock (GLDD) Rises Higher Than Market: Key Facts
- Jan -31 - Great Lakes Dredge & Dock (GLDD) Beats Stock Market Upswing: What Investors Need to Know
- Jan -24 - Great Lakes Dredge & Dock (GLDD) Stock Declines While Market Improves: Some Information for Investors
- Jan -16 - Great Lakes Dredge & Dock (GLDD) Advances But Underperforms Market: Key Facts
- Jan -10 - Great Lakes Dredge & Dock (GLDD) Flat As Market Gains: What You Should Know
- Jan -08 - Great Lakes Announces Election of New Director
- Jan -04 - Great Lakes Dredge & Dock (GLDD) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- Dec -27 - Great Lakes Dredge & Dock (GLDD) Ascends While Market Falls: Some Facts to Note
- Dec -20 - Great Lakes Secures Four New Dredging Awards Worth $182 Million
- Dec -19 - Great Lakes Announces Receipt of $182 Million in Awarded Work
- Dec -03 - Great Lakes Dredge & Dock Is A Steal With Crystal Clear Visibility And Massive Growth Ahead
- Nov -26 - Great Lakes Dredge & Dock to Present at NobleCon20 - Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference on Tuesday, December 3, 2024
- Nov -18 - Great Lakes Dredge & Dock's Cape Hatteras and Cape Canaveral Multi Cat Vessels Win Prestigious WorkBoat's Significant Boat of the Year Award
- Nov -05 - Great Lakes Dredge & Dock Corporation (GLDD) Q3 2024 Earnings Call Transcript
- Nov -05 - Great Lakes Dredge & Dock (GLDD) Misses Q3 Earnings Estimates
- Nov -04 - Great Lakes to Report Q3 Earnings: Here's What You Should Know
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Coastal Protection
Expected Growth : 12 %
What the company do ?
Coastal Protection from Great Lakes Dredge & Dock Corporation involves protecting shorelines from erosion and damage through beach nourishment, dune restoration, and coastal engineering solutions.
Why we expect these perspectives ?
Coastal Protection from Great Lakes Dredge & Dock Corporation is driven by increasing government investments in coastal resilience and infrastructure, rising sea levels, and growing demand for beach nourishment and coastal restoration services, resulting in 12% growth.
Segment nΒ°2 -> Maintenance
Expected Growth : 11 %
What the company do ?
Great Lakes Dredge & Dock Corporation's maintenance involves regular upkeep of dredging equipment and vessels to ensure efficient and safe operations.
Why we expect these perspectives ?
Great Lakes Dredge & Dock Corporation's 11% growth in Maintenance is driven by increasing demand for dredging services from government agencies and private companies, expansion into new markets, and a growing focus on environmental remediation and coastal protection projects.
Segment nΒ°3 -> Capital - United States
Expected Growth : 14 %
What the company do ?
The capital of the United States is not a segment, but Great Lakes Dredge & Dock Corporation is a leading provider of dredging services, with a strong presence in the US market.
Why we expect these perspectives ?
Great Lakes Dredge & Dock Corporation's 14% growth in the United States is driven by increasing infrastructure spending, rising demand for coastal protection and restoration, and growing investments in renewable energy projects, particularly offshore wind farms. Additionally, the company's strategic expansion into new markets and its focus on environmental dredging services also contribute to its growth.
Segment nΒ°4 -> Rivers and Lakes
Expected Growth : 10 %
What the company do ?
Rivers and Lakes is a segment of Great Lakes Dredge & Dock Corporation that provides dredging services for rivers, lakes, and wetlands, maintaining waterways and ecosystems.
Why we expect these perspectives ?
Rivers and Lakes segment growth driven by increasing demand for dredging services, government investments in waterway infrastructure, and rising need for coastal protection and restoration projects. Additionally, growing focus on environmental sustainability and climate change mitigation efforts contribute to the 10% growth rate.
Great Lakes Dredge & Dock Corporation Products
| Product Range | What is it ? |
|---|---|
| Dredging | Great Lakes Dredge & Dock Corporation provides dredging services for navigation, coastal protection, and beach nourishment projects. |
| Environmental Remediation | The company offers environmental remediation services for contaminated soil and groundwater, including dredging and disposal of contaminated materials. |
| Coastal Protection | Great Lakes Dredge & Dock Corporation provides coastal protection services, including beach nourishment, dune restoration, and storm damage repair. |
| Marine Construction | The company offers marine construction services, including pier construction, dock building, and seawall installation. |
| Rivers and Lakes | Great Lakes Dredge & Dock Corporation provides dredging and construction services for rivers and lakes, including dam construction and repair. |
Great Lakes Dredge & Dock Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for Great Lakes Dredge & Dock Corporation is medium, as there are some alternatives available for dredging services, but they are not highly attractive to customers.
Bargaining Power Of Customers
The bargaining power of customers for Great Lakes Dredge & Dock Corporation is low, as customers have limited options for dredging services and the company has a strong market presence.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Great Lakes Dredge & Dock Corporation is medium, as the company relies on a few key suppliers for equipment and materials, but has some flexibility to negotiate prices.
Threat Of New Entrants
The threat of new entrants for Great Lakes Dredge & Dock Corporation is low, as the industry has high barriers to entry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry for Great Lakes Dredge & Dock Corporation is high, as the company operates in a highly competitive industry with several established players, and pricing pressure is significant.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 53.40% |
| Debt Cost | 3.95% |
| Equity Weight | 46.60% |
| Equity Cost | 8.97% |
| WACC | 6.29% |
| Leverage | 114.59% |
Great Lakes Dredge & Dock Corporation : Quality Control
Great Lakes Dredge & Dock Corporation passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ORN | Orion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates β¦ |
| NVEE | NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United β¦ |
| BBCP | Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete β¦ |
| TPC | Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and β¦ |
| MTRX | Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Concrete Pumping Holdings
A-Score
1-Year Total Return ->
π₯
Great Lakes Dredge & Dock
A-Score
1-Year Total Return ->
π₯
Tutor Perini
A-Score
1-Year Total Return ->
4
Matrix Service
A-Score
1-Year Total Return ->
5
Orion Holdings
A-Score
1-Year Total Return ->
6
