Globus Maritime (GLBS) AI Stock Analysis

• Market Cap: $25.11M
• Dividend Yield: N/A
• Average Volume (3M): 211.13K
• Price to Earnings (P/E): 61.2
• Beta (1Y): 0.10
• Revenue Growth: 11.80%
• EPS Growth: -186.40%
• Country: US
• Employees: 25
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -0.09
• Shares Outstanding: 20,582,300
• 10 Day Avg. Volume: 561,616
• 30 Day Avg. Volume: 211,126
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.48
• Enterprise Value/Revenue: 2.45
• Enterprise Value/Gross Profit: 20.45
• Enterprise Value/Ebitda: 5.08
• 1Y Price Target: $1.50
• Price Target Upside: 28.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: $1.50 ▲(28.21% Upside)

Globus Maritime's overall stock score is primarily impacted by its financial performance, which shows moderate revenue growth but significant challenges in profitability and cash flow generation. Technical analysis indicates short-term bullish momentum, but overbought conditions may lead to a pullback. Valuation is weak due to negative earnings and lack of dividend yield.

Positive Factors

Revenue Growth

Moderate revenue growth indicates a slight improvement in sales, suggesting potential for market expansion and increased demand for services.

Fleet Expansion

The increase in fleet size enhances capacity and operational scale, positioning the company to capture more market opportunities and improve service offerings.

Stable Balance Sheet

A manageable debt level ensures financial stability and flexibility, allowing the company to invest in growth opportunities without excessive financial risk.

Negative Factors

Profitability Challenges

Negative net profit margins highlight ongoing challenges in achieving profitability, which could hinder long-term financial health and investor confidence.

Cash Flow Issues

Negative cash flow ratios indicate difficulties in converting income into cash, potentially limiting the company's ability to fund operations and growth initiatives.

Decline in Charter Rates

A significant decline in charter rates can reduce revenue potential and profitability, impacting the company's ability to maintain competitive pricing and market share.

Globus Maritime Business Overview & Revenue Model

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.

How the Company Makes Money

Globus Maritime generates revenue primarily through the chartering of its vessels to customers in the shipping industry. The company operates on a spot market basis, where it enters into time charters or voyage charters, allowing it to earn revenue based on the duration of the charter or the specific voyages undertaken. Key revenue streams include time charters, which provide a steady income over a set period, and voyage charters, which can offer higher rates depending on market conditions. Additionally, the company may benefit from long-term contracts with major commodities producers, providing a stable revenue base. Any fluctuations in shipping rates, operational efficiency, and the global demand for dry bulk commodities are significant factors influencing its earnings.

Globus Maritime Financial Statement Overview

Summary

Globus Maritime shows moderate revenue growth and a stable balance sheet, with a healthy equity ratio and manageable debt levels. However, profitability and cash flow generation remain critical challenges, with negative net income and free cash flows.

Income Statement

The TTM Gross Profit Margin is 11.96%, indicating low profitability relative to revenue. Net Profit Margin is negative at -2.10%, highlighting challenges in achieving net profitability. Revenue shows a moderate growth rate of 2.60% from the previous year, suggesting a slight improvement in sales. However, the EBIT Margin is 0.53% and EBITDA Margin is 48.15%, indicating operational efficiency issues but better performance before interest, taxes, depreciation, and amortization.

Balance Sheet

Debt-to-Equity Ratio is 0.77, representing a manageable level of leverage. Return on Equity (ROE) is negative at -0.43%, suggesting poor returns on shareholder investments. The Equity Ratio is 55.35%, indicating a strong equity base relative to total assets, providing financial stability.

Cash Flow

Operating Cash Flow to Net Income Ratio is negative, reflecting issues in converting income into cash flows. Free Cash Flow is negative, indicating challenges in generating excess cash after capital expenditures. The Free Cash Flow to Net Income Ratio is not meaningful due to negative values, highlighting cash flow management concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.78M	34.87M	31.20M	61.76M	43.38M	11.75M
Gross Profit	4.28M	6.61M	298.00K	28.12M	21.78M	-3.05M
EBITDA	17.23M	16.30M	18.48M	36.89M	24.87M	-9.48M
Net Income	-752.00K	431.00K	5.27M	24.28M	14.95M	-21.43M
Balance Sheet
Total Assets	315.99M	320.99M	231.40M	225.46M	185.65M	86.44M
Cash, Cash Equivalents and Short-Term Investments	51.09M	46.84M	74.20M	52.83M	45.21M	19.04M
Total Debt	133.91M	137.95M	52.45M	44.83M	32.21M	37.11M
Total Liabilities	141.07M	144.59M	55.43M	54.76M	39.23M	44.35M
Stockholders Equity	174.92M	176.40M	175.97M	170.70M	146.42M	42.09M
Cash Flow
Free Cash Flow	-82.66M	-101.90M	-23.73M	-2.48M	-51.22M	-24.80M
Operating Cash Flow	10.70M	11.29M	-4.46M	26.91M	20.75M	-6.24M
Investing Cash Flow	-71.09M	-98.92M	18.46M	-29.01M	-71.96M	-18.54M
Financing Cash Flow	54.80M	60.27M	10.27M	9.72M	77.39M	41.46M

Globus Maritime Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBS, the sentiment is Positive. The current price of 1.17 is above the 20-day moving average (MA) of 1.08, above the 50-day MA of 1.07, and below the 200-day MA of 1.18, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.36 is Neutral, neither overbought nor oversold. The STOCH value of 63.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLBS.

Globus Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSHG	73 Outperform	25.49M	1.03	15.89%	―	-7.48%	3.08%
PXS	62 Neutral	30.41M	-83.33	13.78%	―	-10.94%	-100.28%
TOPS	60 Neutral	26.32M	5.23	3.49%	―	3.83%	―
CTRM	54 Neutral	21.35M	-0.95	2.56%	―	-29.15%	-118.42%
EDRY	50 Neutral	35.28M	-2.40	-9.69%	―	-13.96%	-498.96%
GLBS	47 Neutral	$25.11M	61.24	-3.35%	―	11.80%	-186.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Globus Maritime Corporate Events

Globus Maritime Schedules Annual Shareholders Meeting for September 2025

Globus Maritime Limited announced that its annual meeting of shareholders will be held on September 25, 2025, at its offices in Glyfada, Greece. Shareholders of record as of July 31, 2025, are eligible to participate and vote at the meeting. This announcement is part of the company’s regular governance activities, ensuring shareholder engagement and compliance with corporate regulations.

Globus Maritime Reports Q1 2025 Financials and Biofuel Milestone

On June 16, 2025, Globus Maritime Limited reported its financial results for the first quarter ended March 31, 2025. The company saw a 13% increase in revenue to $8.6 million compared to the same period in 2024, attributed to an increase in the average number of vessels. However, the net loss widened to $1.5 million from $0.3 million in the previous year, primarily due to a decrease in the daily Time Charter Equivalent rate. The company also completed its first test voyage using biofuel, marking a significant step towards reducing carbon emissions and preparing for future environmental regulations. This initiative aligns with Globus Maritime’s commitment to operational efficiency and innovation in the maritime sector.