Braemar Shipping Services (BMS) AI Stock Analysis

• Market Cap: £75.11M
• Dividend Yield: 2.25%
• Average Volume (3M): 38.70K
• Price to Earnings (P/E): 85.6
• Beta (1Y): 0.18
• Revenue Growth: -15.64%
• EPS Growth: -22.46%
• Country: UK
• Employees: 400
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.08
• Shares Outstanding: 33,067,604
• 10 Day Avg. Volume: 34,874
• 30 Day Avg. Volume: 38,696
• PEG Ratio: 0.73
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 15.70
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.26
• Revenue Forecast (FY): £139.10M

• Rating: 64 Neutral
• Price Target: 250.00 p ▲(10.86% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Braemar Shipping Services' strong financial performance and positive corporate events are offset by weak technical indicators. The stock is reasonably valued with a decent dividend yield, but bearish momentum and oversold conditions suggest caution. The company's strategic initiatives and resilient performance in a challenging market add a positive outlook for the future.

Positive Factors

Diversified business model & strategic progress

A diversified mix of broking, S&P, advisory and research reduces reliance on any single shipping cycle, while senior hires and new offices expand client reach. Together these structural moves increase revenue resilience and long-term client coverage across markets for 2–6+ months.

Strong operating cash generation

Consistent, robust operating cash flow and improving free cash flow provide durable funding for working capital, dividends and strategic investments. Reliable cash conversion strengthens financial flexibility and cushions the firm through shipping-cycle volatility over medium term horizons.

Healthy profitability and margins

Sustained gross, EBIT and EBITDA margins point to operational efficiency and pricing power in brokerage and advisory services. Margin strength supports reinvestment and cash generation, making earnings less sensitive to short-term volume swings and improving long-term earnings durability.

Negative Factors

Recent revenue and EPS decline

Material declines in revenue and EPS reflect weakening transactional volumes or timing of fixtures and sale activity. A shrinking fee base can erode sustainable cash flows and margins if volumes do not recover, posing medium-term risk to earnings stability and growth plans.

Rising total liabilities trend

An upward trend in liabilities increases leverage risk and reduces financial flexibility. If shipping conditions soften, higher liabilities magnify downside pressure on cash flows and may constrain capital allocation, limiting the company's ability to invest or absorb shocks over the next several quarters.

Cash flow volatility from investing activity

Volatile investing cash flows and capex create unpredictability in free cash generation. This impairs medium-term planning for dividends, hires or expansion and increases reliance on operating performance to fund strategic initiatives, raising execution and liquidity risk over 2–6 months.

Braemar Shipping Services Business Overview & Revenue Model

Company Description

Braemar Plc provides shipbroking, financial advisory, and logistics services to the shipping, marine, and energy industries. Its Shipbroking segment is involved in the tanker chartering for crude oil, liquefied petrochemical gas, and liquefied natural gas; specialized tankers; purchase and sale of second-hand vessels; chartering of dry cargo and offshore vessels; and provision of research, valuation, consulting, and derivatives brokerage services. The company's Financial segment provides transaction advisory, financing advisory and capital raising, asset and loan management, and restructuring and insolvency advisory services. Its Logistics segment offers port and liner agency, hub agency, freight forwarding, ship to ship transfer, ship track, and customs clearance services. It operates in the United Kingdom, Singapore, the United States, Australia, Germany, and internationally. The company was formerly known as Braemar Seascope Group plc and changed its name to Braemar Shipping Services plc in June 2007. Braemar Shipping Services Plc was founded in 1842 and is headquartered in London, the United Kingdom.

How the Company Makes Money

BMS primarily makes money by earning fees and commissions for broking and advisory work. Key revenue streams commonly include: (1) Chartering brokerage: commission income for arranging time charters, voyage charters, and other freight contracts between shipowners/operators and cargo interests; commissions are generally calculated as a percentage of the freight or hire and are recognized when fixtures are concluded under the brokerage agreement. (2) Sale & Purchase (S&P) brokerage: success-based commissions for introducing and negotiating vessel sales or acquisitions; revenue is typically recognized upon completion of the transaction. (3) Advisory and consulting-type services: fees for market analysis, valuations, strategic advisory, or other specialist support (where offered); these are commonly billed as retainers, project fees, or time-based professional fees depending on contract terms. (4) Research/data products and subscriptions (where offered): recurring revenue from providing market intelligence, reports, or data access to clients. (5) Ancillary marine services (where offered): additional fee income tied to specialist services adjacent to broking. Specific segment mix, pricing, and major partnerships are null because detailed, current breakdowns and named counterparties are not provided here.

Braemar Shipping Services Financial Statement Overview

Summary

Braemar Shipping Services exhibits strong financial health with consistent revenue growth and efficient operations. The income statement, balance sheet, and cash flow statement reflect robust financial management, though increasing liabilities and some cash flow volatility warrant attention.

Income Statement

Braemar Shipping Services shows a consistent revenue growth trajectory, with a notable increase from 2022 to 2025. Gross and net profit margins indicate healthy profitability, although there was a decline in revenue in 2024. The recent EBIT and EBITDA margins are strong, reflecting efficient operations. Overall, the income statement metrics portray positive trends with some minor dips in certain years.

Balance Sheet

The company's balance sheet reveals a stable financial position with a consistent equity base. The debt-to-equity ratio is moderate, suggesting manageable leverage. The equity ratio indicates a solid asset base supported by equity. However, the total liabilities have shown an increasing trend, which could pose a risk if not managed properly.

Cash Flow

Operating cash flows have been robust, with a positive trajectory in free cash flow growth. The operating cash flow to net income ratio suggests efficient cash management. However, fluctuations in capital expenditures and investing cash flows indicate some volatility. Overall, the cash flow metrics reflect solid cash generation capabilities, albeit with potential areas for improvement.

Breakdown	TTM	Feb 2025	Feb 2024	Aug 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	129.76M	141.86M	152.75M	152.91M	101.31M	83.69M
Gross Profit	13.74M	17.86M	18.60M	18.35M	9.63M	6.92M
EBITDA	14.13M	15.75M	14.14M	14.24M	13.05M	9.98M
Net Income	4.17M	6.10M	4.62M	4.60M	5.82M	2.77M
Balance Sheet
Total Assets	153.64M	157.42M	161.57M	177.94M	149.64M	158.30M
Cash, Cash Equivalents and Short-Term Investments	20.67M	20.48M	27.95M	34.73M	13.96M	14.11M
Total Debt	34.30M	34.58M	34.72M	36.39M	35.93M	51.33M
Total Liabilities	69.89M	73.26M	81.95M	101.26M	78.15M	91.79M
Stockholders Equity	83.75M	84.16M	79.62M	76.68M	71.49M	66.51M
Cash Flow
Free Cash Flow	1.95M	5.33M	4.65M	21.28M	19.30M	12.20M
Operating Cash Flow	2.76M	5.94M	5.18M	22.06M	20.47M	13.35M
Investing Cash Flow	877.00K	1.29M	1.49M	6.67M	-5.87M	5.22M
Financing Cash Flow	-9.17M	-15.05M	-12.08M	-10.60M	-15.08M	-32.45M

Braemar Shipping Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 225.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BMS, the sentiment is Positive. The current price of 225.5 is above the 20-day moving average (MA) of 223.50, above the 50-day MA of 220.56, and below the 200-day MA of 228.67, indicating a bullish trend. The MACD of 4.72 indicates Negative momentum. The RSI at 68.03 is Neutral, neither overbought nor oversold. The STOCH value of 79.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BMS.

Braemar Shipping Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRP	79 Outperform	£3.14B	19.41	16.69%	1.27%	0.84%	-62.73%
CKN	75 Outperform	£1.44B	17.83	12.93%	2.89%	3.29%	-8.76%
BMS	64 Neutral	£75.11M	85.60	4.94%	2.25%	-15.64%	-22.46%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FSJ	56 Neutral	£270.50M	-42.97	-2.37%	―	-12.37%	―
AVAP	42 Neutral	£82.32M	-6.24	-5.70%	0.90%	15.95%	-136.18%
MPL	40 Underperform	£1.60M	-0.05	-52.46%	―	11.78%	-39.58%

Braemar Shipping Services Corporate Events

Braemar Confirms Total Voting Rights and Share Capital Structure

Braemar Plc has confirmed that as of 28 February 2026 it has 33,067,603 ordinary shares of 10 pence each in issue, with each share carrying one voting right. The company holds no shares in treasury, meaning all issued shares currently carry voting rights.

The disclosed share count provides the official denominator shareholders must use when calculating whether they need to notify the market of holdings or changes under UK disclosure and transparency rules. This update helps maintain regulatory compliance and gives investors clarity on Braemar’s capital and voting structure.

The most recent analyst rating on (GB:BMS) stock is a Hold with a £214.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.

Braemar Names CFOO Grant Foley as Next CEO in Planned Leadership Transition

Braemar Plc has announced a planned CEO succession, with current Group Chief Executive Officer James Gundy set to step down from the board at the July 2026 AGM and then concentrate on his shipbroking activities within the business. The board has selected current Chief Financial and Operating Officer Grant Foley, who joined in 2023 and has played a key role in the company’s recent growth, to take over as Group CEO, while the search for a new CFO is under way and trading remains in line with market expectations.

Chairman Nigel Payne credited Gundy with reshaping Braemar by disposing of non-core assets, reducing debt and building a more diversified, resilient shipbroking operation, and said the board is confident Foley can execute its strategic plan to reach £200m in revenues by FY2030. The orderly transition, continued involvement of Gundy, and reaffirmed trading outlook underscore management’s focus on growth and shareholder value, signalling stability for investors as the Group pursues its medium-term targets.

The most recent analyst rating on (GB:BMS) stock is a Hold with a £214.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.

Braemar Confirms Total Voting Rights at Just Over 33 Million Shares

Braemar Plc has confirmed that as of 31 January 2026 it has 33,067,603 ordinary shares of 10 pence each in issue, all of which carry one voting right and none of which are held in treasury. This clarification of the company’s total voting rights provides the reference figure shareholders must use when assessing and disclosing their holdings under UK transparency rules, helping to support accurate regulatory reporting and market transparency around Braemar’s ownership structure.

The most recent analyst rating on (GB:BMS) stock is a Hold with a £227.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.

Braemar Issues New Shares Linked to Southport Maritime Acquisition

Braemar Plc has applied for the admission of 606,416 new ordinary shares to the FCA’s Official List and to trading on the London Stock Exchange’s Main Market, with trading expected to commence on 9 January 2026. The new shares, issued as part of the contractual consideration for the acquisition of US shipbroker Southport Maritime Inc., will rank pari passu with existing shares and increase Braemar’s issued share capital to 33,067,603 ordinary shares, a change that may affect shareholder disclosure thresholds under FCA rules and underscores the group’s ongoing expansion in the shipbroking market.

The most recent analyst rating on (GB:BMS) stock is a Hold with a £227.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.

Braemar Confirms Total Voting Rights at Year-End 2025

Braemar Plc has confirmed that as of 31 December 2025 it has 32,461,187 ordinary shares of 10 pence in issue, each carrying one voting right, with no shares held in treasury. This disclosure sets the official share capital and voting rights baseline that investors must use when calculating and reporting changes in their shareholdings under UK transparency rules.

The most recent analyst rating on (GB:BMS) stock is a Hold with a £227.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.