Globus Maritime (GLBS) AI Stock Analysis

• Market Cap: $21.41M
• Dividend Yield: N/A
• Average Volume (3M): 31.93K
• Price to Earnings (P/E): 61.2
• Beta (1Y): 0.05
• Revenue Growth: 17.92%
• EPS Growth: -131.47%
• Country: US
• Employees: 25
• Sector: Industrials
• Sector Strength: 77
• Industry: Marine Shipping
• EPS (TTM): -0.07
• Shares Outstanding: 20,582,300
• 10 Day Avg. Volume: 39,120
• 30 Day Avg. Volume: 31,929
• 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: 1.79
• Enterprise Value/Revenue: 1.07
• Enterprise Value/Gross Profit: 8.97
• Enterprise Value/Ebitda: 2.23
• 1Y Price Target: $1.00
• Price Target Upside: -1.96% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: $1.00 ▼(-1.96% Downside)

The most significant factors affecting the score are the financial performance, which shows challenges in profitability and cash flow, and poor technical indicators indicating bearish momentum. The valuation is also concerning due to the negative P/E ratio. The absence of earnings call data and corporate events limits additional insights into potential positives or risks.

Positive Factors

Company Strategy

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

Financial Performance

GLBS is forecasted to generate free cash flow in 2H24, 2025, and 2026, indicating financial stability and growth potential.

Fleet Expansion

The company plans to have 12 ships by the end of 2026, expanding its fleet and potentially increasing its revenue-generating capacity.

Negative Factors

Debt Management

GLBS added more debt than expected in 3Q24, leading to increased interest expenses.

Market Conditions

The Baltic Supramax Index declined 16.8% due to lower dry bulk import demand from China.

Revenue Forecast

A recent decline in dry bulk shipping rates has led to a reduction in the 4Q24 time charter equivalent forecast.

Globus Maritime Business Overview & Revenue Model

Company Description

Globus Maritime Ltd. is a shipping company that specializes in the transportation of dry bulk commodities. The company operates a fleet of modern vessels, primarily engaged in the transportation of iron ore, coal, and grains. With a focus on operational efficiency and environmental sustainability, Globus Maritime aims to provide reliable shipping services to clients across the globe, contributing to the global supply chain of essential goods.

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: Negative
• Last Price: 1.02
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.09, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.82 is Neutral, neither overbought nor oversold. The STOCH value of 29.37 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
PSHG	74 Outperform	$23.50M	0.92	21.39%	―	-7.48%	3.08%
Sector *	64 Neutral	$10.74B	15.62	8.14%	2.00%	2.79%	-14.82%
TOPS	59 Neutral	$25.95M	5.06	3.07%	―	3.83%	―
PXS	56 Neutral	$29.26M	5.24	2.93%	―	-10.94%	-100.28%
CTRM	54 Neutral	$20.58M	2.34	-5.58%	―	-29.15%	-118.42%
EDRY	50 Neutral	$30.81M	―	-14.42%	―	-13.96%	-498.96%
GLBS	42 Neutral	$21.41M	61.24	-0.43%	―	17.92%	-131.47%