Globus Maritime (GLBS) AI Stock Analysis

• Market Cap: $24.90M
• Dividend Yield: N/A
• Average Volume (3M): 32.32K
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.20
• Revenue Growth: 2.74%
• EPS Growth: 61.23%
• Country: US
• Employees: 24
• Sector: Industrials
• Sector Strength: 72
• Industry: Transportation
• EPS (TTM): 0.14
• Shares Outstanding: 20,582,300
• 10 Day Avg. Volume: 33,853
• 30 Day Avg. Volume: 32,319
• PEG Ratio: 0.14
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.82
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.00
• Price Target Upside: 230.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Globus Maritime's overall stock score reflects a challenging financial outlook with moderate income efficiency and cash flow issues. Technical indicators show weak momentum, while the valuation appears reasonable. The lack of clear guidance or notable corporate events further reinforces a cautious stance towards the stock.

Positive Factors

Business Expansion

GLBS announced the acquisition of two dry bulk ships, which is expected to offset the decline in shipping rates with additional revenue.

Earnings

GLBS reported a narrower per-share loss than expected, indicating better financial management.

Negative Factors

Market Conditions

The Baltic Supramax Index declined significantly due to lower dry bulk import demand from China.

Globus Maritime Business Overview & Revenue Model

Company Description

Globus Maritime Limited (GLBS) is an international dry bulk shipping company focused on the seaborne transportation of commodities such as coal, grain, and iron ore. Operating within the maritime industry, the company owns and manages a modern fleet of bulk carriers, strategically deployed worldwide to service the needs of global trade. Headquartered in Greece, Globus Maritime is committed to providing efficient and reliable shipping solutions to its clients.

How the Company Makes Money

Globus Maritime makes money primarily through the operation and chartering of its dry bulk vessels. The company's revenue model is based on securing freight contracts with charterers, who pay for the transportation of bulk commodities. These contracts can be time charters, where vessels are hired for a specific period, or voyage charters, where vessels are hired for a single journey. The rates and duration of these charters significantly impact the company's earnings. Globus Maritime's ability to maintain a modern and efficient fleet, optimize operational costs, and navigate the fluctuations in the shipping market plays a crucial role in its profitability. Additionally, strategic partnerships and relationships with major charterers and other stakeholders in the maritime industry contribute to its revenue generation.

Globus Maritime Financial Statement Overview

Summary

Globus Maritime shows moderate financial performance with mixed results. The income statement reflects decent gross profit margins but low net profit margins, indicating high operational costs. The balance sheet is stable with moderate leverage but a low ROE. Cash flow challenges are significant, with negative free cash flow growth.

Income Statement

The income statement shows moderate performance with mixed results. The TTM Gross Profit Margin is approximately 32.04%, indicating a decent profit from core operations. However, the Net Profit Margin for TTM is around 8.43%, which is relatively low, reflecting higher operational costs or other expenses. Revenue growth has been inconsistent, with a decline from 2022 to 2023 and a slight increase in the TTM period. The EBIT margin stands at 15.03% for TTM, and the EBITDA margin at 50.59%, showing efficient earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The balance sheet reflects a stable financial position with some concerns. The Debt-to-Equity Ratio for TTM is approximately 0.54, indicating a moderate level of leverage. Return on Equity (ROE) for TTM is 1.57%, which is quite low, suggesting inefficient use of equity capital. However, the Equity Ratio is around 63.71%, showing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals challenges in free cash flow generation. The Free Cash Flow Growth Rate is negative, indicating issues in maintaining positive cash flow after capital expenditures. The Operating Cash Flow to Net Income Ratio is 4.09 for TTM, which suggests strong cash flow generation relative to net income. However, the Free Cash Flow to Net Income Ratio is negative due to high capital expenditure.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
33.29M	31.20M	61.76M	43.38M	11.75M	15.62M
	Gross Profit
10.67M	298.00K	28.12M	21.78M	-3.05M	-1.78M
	EBIT
5.00M	-1.99M	23.63M	17.94M	-11.42M	-4.37M
	EBITDA
16.84M	18.48M	36.89M	24.87M	-9.48M	-25.22M
	Net Income Common Stockholders
2.81M	5.27M	24.28M	14.95M	-21.43M	-40.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
46.00K	74.20M	52.83M	45.21M	19.04M	2.37M
	Total Assets
86.67M	231.40M	225.46M	185.65M	86.44M	55.66M
	Total Debt
36.87M	52.45M	44.83M	32.21M	37.11M	38.42M
	Net Debt
36.82M	-21.75M	-8.00M	-13.01M	18.08M	36.06M
	Total Liabilities
45.62M	55.43M	54.76M	39.23M	44.35M	45.78M
	Stockholders Equity
41.05M	175.97M	170.70M	146.42M	42.09M	9.88M
Cash Flow		Free Cash Flow
-70.35M	-23.73M	-2.48M	-51.22M	-24.80M	146.00K
	Operating Cash Flow
11.48M	-4.46M	26.91M	20.75M	-6.24M	213.00K
	Investing Cash Flow
-69.64M	18.46M	-29.01M	-71.96M	-18.54M	-20.00K
	Financing Cash Flow
39.01M	10.27M	9.72M	77.39M	41.46M	2.13M

Globus Maritime Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBS, the sentiment is Negative. The current price of 1.21 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.31, and below the 200-day MA of 1.62, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.91 is Neutral, neither overbought nor oversold. The STOCH value of 36.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLBS.

Globus Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SBLK	77 Outperform	$1.88B	5.63	14.71%	15.87%	33.31%	62.94%
DAC	74 Outperform	$1.50B	3.07	15.68%	4.13%	6.00%	-9.89%
GOGL	73 Outperform	$1.65B	7.86	11.68%	14.58%	14.81%	96.97%
GNK	70 Outperform	$590.91M	8.16	8.30%	11.36%	10.21%	―
CMRE	64 Neutral	$1.22B	4.17	13.07%	4.53%	37.10%	-17.36%
Sector *	62 Neutral	$8.16B	12.85	0.64%	3.04%	3.83%	-15.83%
GLBS	48 Neutral	$24.90M	8.87	1.59%	―	2.74%	61.23%