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Globus Maritime Limited (GLBS)
NASDAQ:GLBS

Globus Maritime (GLBS) AI Stock Analysis

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Globus Maritime

(NASDAQ:GLBS)

Rating:47Neutral
Price Target:
$1.00
▼(-13.79%Downside)
The overall score for GLBS is primarily impacted by its financial performance, which is hampered by significant challenges in profitability and cash flow generation. The technical analysis provides mixed signals, with some potential for upward momentum. However, valuation concerns due to a negative P/E ratio and lack of dividend yield adversely affect the stock's attractiveness.
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 (GLBS) vs. SPDR S&P 500 ETF (SPY)

Globus Maritime Business Overview & Revenue Model

Company DescriptionGlobus 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 MoneyGlobus Maritime generates revenue through the chartering of its dry bulk vessels to third-party operators. The company operates under two primary charter agreements: time charters and voyage charters. In time charters, vessels are hired for a set period, and the charterer pays a daily hire rate, covering operational costs such as crew and maintenance. In voyage charters, the vessel is contracted for a single voyage, and the charterer pays a freight rate based on cargo volume and distance traveled. Globus Maritime's earnings are influenced by factors such as charter rates, fleet utilization, and market demand for dry bulk shipping. Additionally, strategic partnerships with charterers and a focus on maintaining a modern and efficient fleet contribute to its financial performance.

Globus Maritime Financial Statement Overview

Summary
Globus Maritime demonstrates moderate revenue growth and a stable balance sheet with a healthy equity ratio and manageable debt levels. However, profitability and cash flow generation are critical challenges, with negative net income and free cash flows, indicating a need for improved operational efficiency and cash conversion.
Income Statement
45
Neutral
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
60
Neutral
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
35
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue35.78M34.87M31.20M61.76M43.38M11.75M
Gross Profit4.28M6.61M298.00K28.12M21.78M-3.05M
EBITDA17.23M16.30M18.48M36.89M24.87M-9.48M
Net Income-752.00K431.00K5.27M24.28M14.95M-21.43M
Balance Sheet
Total Assets315.99M320.99M231.40M225.46M185.65M86.44M
Cash, Cash Equivalents and Short-Term Investments51.09M46.84M74.20M52.83M45.21M19.04M
Total Debt133.91M137.95M52.45M44.83M32.21M37.11M
Total Liabilities141.07M144.59M55.43M54.76M39.23M44.35M
Stockholders Equity174.92M176.40M175.97M170.70M146.42M42.09M
Cash Flow
Free Cash Flow-82.66M-101.90M-23.73M-2.48M-51.22M-24.80M
Operating Cash Flow10.70M11.29M-4.46M26.91M20.75M-6.24M
Investing Cash Flow-71.09M-98.92M18.46M-29.01M-71.96M-18.54M
Financing Cash Flow54.80M60.27M10.27M9.72M77.39M41.46M

Globus Maritime Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.16
Price Trends
50DMA
1.14
Positive
100DMA
1.19
Negative
200DMA
1.36
Negative
Market Momentum
MACD
<0.01
Positive
RSI
48.87
Neutral
STOCH
11.52
Positive
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 1.16 is below the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.14, and below the 200-day MA of 1.36, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLBS.

Globus Maritime Risk Analysis

Globus Maritime disclosed 74 risk factors in its most recent earnings report. Globus Maritime reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We are a "foreign private issuer," which could make our common stock less attractive to some investors or otherwise harm our stock price. Q4, 2024
2.
Our Chief Executive Officer beneficially owns all our Series B Preferred Shares and has significant voting control over us. Q4, 2024
3.
Significant tariffs or other restrictions imposed on imports by the U.S. and related countermeasures taken by impacted foreign countries could have a material adverse effect on our operations and financial results. Q4, 2024

Globus Maritime Peers Comparison

Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
¥254.81B12.928.49%3.09%6.34%12.88%
71
Outperform
$21.13M1.1222.49%-15.10%-9.38%
PXPXS
65
Neutral
$29.99M5.0110.31%8.07%-77.30%
61
Neutral
$20.58M2.433.07%-32.07%-9.50%
59
Neutral
$26.83M5.333.07%3.83%
47
Neutral
$23.88M61.24-0.43%17.92%-131.47%
45
Neutral
$27.53M-11.54%10.25%-269.52%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GLBS
Globus Maritime
1.16
-0.72
-38.30%
PSHG
Performance Shipping
1.72
-0.29
-14.43%
TOPS
Top Ships
5.80
-4.16
-41.77%
PXS
Pyxis Tankers
2.87
-2.11
-42.37%
EDRY
EuroDry
9.74
-14.46
-59.75%
CTRM
Castor Maritime
2.20
-2.32
-51.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 28, 2025