Top Page
Gem Diamonds
(LSE:GEMD)
Gem Diamonds (GEMD) vs. S&P 500 (SPY)
Gem Diamonds Business Overview & Revenue Model
Gem Diamonds Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 146.56M | 140.29M | 188.94M | 201.86M | 189.65M | 182.05M | Gross Profit |
| 22.66M | 31.18M | 44.50M | 58.35M | 56.00M | 35.66M | EBIT |
| 17.62M | 10.38M | 31.97M | 44.24M | 46.57M | 24.59M | EBITDA |
| 21.20M | 57.51M | 38.56M | 51.17M | 53.60M | 37.14M | Net Income Common Stockholders |
| 922.00K | -2.13M | 10.18M | 14.77M | 13.64M | 7.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 50.71M | 16.50M | 8.74M | 30.93M | 49.82M | 11.28M | Total Assets |
| 399.19M | 384.71M | 366.24M | 384.62M | 414.20M | 416.12M | Total Debt |
| 34.17M | 44.52M | 13.84M | 15.87M | 22.82M | 32.82M | Net Debt |
| 18.27M | 28.01M | 7.83M | -11.81M | -12.63M | 21.96M | Total Liabilities |
| 170.91M | 166.59M | 133.19M | 137.97M | 166.71M | 171.96M | Stockholders Equity |
| 156.18M | 138.87M | 152.62M | 159.81M | 163.07M | 158.73M |
| Cash Flow | Free Cash Flow | ||||
| -2.73M | -22.13M | 3.16M | 2.60M | 47.49M | -27.36M | Operating Cash Flow |
| 43.71M | 35.02M | 63.03M | 71.31M | 96.23M | 55.49M | Investing Cash Flow |
| -46.35M | -57.15M | -59.67M | -68.69M | -48.72M | -80.77M | Financing Cash Flow |
| 23.98M | 28.02M | -24.91M | -19.02M | -12.99M | -14.08M |
Gem Diamonds Technical Analysis
Gem Diamonds Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £74.16B | 7.80 | 20.80% | 7.11% | -3.39% | 11.60% | |
77 Outperform | £1.54B | 20.35 | 15.70% | ― | 31.84% | ― | |
74 Outperform | $7.52B | 68.14 | 3.70% | 0.82% | 25.76% | -41.10% | |
71 Outperform | £10.66M | 4.94 | 2.04% | ― | 6.94% | ― | |
47 Neutral | $2.53B | -3.19 | -22.23% | 3.49% | 4.01% | -27.90% |
Gem Diamonds Corporate Events
Gem Diamonds Limited has announced the granting of options over ordinary shares to its Directors and PDMRs, Clifford Elphick and Michael Michael, under the company’s Employee Share Option Plan 2017. This move is part of the Gem Diamonds Incentive Plan, aligning with the company’s 2024 remuneration policy, and aims to integrate annual bonus awards with the Employee Share Option Plan, potentially impacting the company’s operational incentives and stakeholder interests.
Spark’s Take on GB:GEMD Stock
According to Spark, TipRanks’ AI Analyst, GB:GEMD is a Outperform.
Gem Diamonds presents a balanced investment opportunity with a solid financial performance and strategic initiatives to enhance market positioning. Despite current bearish technical indicators, the company’s low P/E ratio suggests potential undervaluation. The company’s focus on operational efficiency and strategic growth initiatives provides a positive long-term outlook.
To see Spark’s full report on GB:GEMD stock, click here.
Gem Diamonds has applied for a block listing of 1,325,000 ordinary shares on the London Stock Exchange to fulfill obligations under its Employee Share Plan 2017. This move is expected to enhance the company’s stock liquidity and align with its strategic goals, potentially impacting its market position positively.
Gem Diamonds reported a strong financial performance for 2024, with a 10% increase in revenue to US$154.2 million and a 95% rise in underlying EBITDA, despite challenges in the diamond market due to global economic uncertainties. The company achieved significant operational improvements at the Letšeng mine, including enhanced plant stability and a 27% reduction in carbon emissions, while also focusing on a new long-term mine plan to optimize operations and reduce waste volumes.
Gem Diamonds Limited has announced that as of 28 February 2025, the company has 141,252,668 Ordinary Shares in issue, with 1,520,170 held in treasury, resulting in 139,732,498 total voting rights. This update is crucial for shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.
Gem Diamonds has announced significant changes to its board of directors, with the appointment of Janet Blas as an independent Non-Executive Director and Audit Committee Chair, effective April 1, 2025. Janet brings extensive experience in the gemstone and mining industries, having held key financial roles in various mining companies. This change follows the retirement of Michael Lynch-Bell, the current Senior Independent Non-Executive Director, and reflects the company’s commitment to strengthening its governance and strategic oversight in the resource sector.
Gem Diamonds Limited announced it will release its Full Year 2024 Results on March 13, 2025, accompanied by a live audio presentation available on its website. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future outlook, which could influence its market position and investor confidence.
Sustainable Capital Ltd, a shareholder in Gem Diamonds Limited, has recently crossed a significant voting rights threshold, reducing its stake from 12.97% to 0%. This change, effective as of January 29, 2025, indicates a complete disposal of their voting rights in the company, potentially impacting Gem Diamonds’ shareholder dynamics and future strategic decisions.
Gem Diamonds reported strong operational and sales performance in Q4 2024, with key metrics meeting or exceeding revised guidance. The company recovered 105,012 carats in 2024 and sold 109,967 carats, achieving an average price of US$1,390 per carat. Notably, the company sold six diamonds for more than US$1.0 million each, highlighting its continued production of high-value stones. The performance reflects operational efficiency and robust market demand, positioning Gem Diamonds favorably in the diamond industry. The company’s operational costs were slightly above guidance due to non-cash adjustments, but overall financial performance was strong, with total sales value increasing by 10% from the previous year.
Gem Diamonds Limited announced a significant change in its shareholder structure as Sustainable Capital Ltd, registered in Mauritius, has reduced its voting rights from 15.36% to 12.97%. This change reflects an acquisition or disposal of voting rights, which could impact the company’s decision-making process and influence from major stakeholders.