Globus Maritime Limited (GLBS)
NASDAQ:GLBS
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Globus Maritime
(NASDAQ:GLBS)
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Rating:51Neutral
Price Target:
$2.50
▲(14.16% Upside)
Action:ReiteratedDate:04/02/26
The score is constrained primarily by weakening profitability and persistently negative free cash flow alongside rising leverage. Technicals are supportive due to a strong uptrend, but overbought signals add near-term risk. Valuation is weakened by negative earnings and the absence of a dividend yield.
Positive Factors
Revenue recovery trend
Sustained top-line recovery through 2024–2025 indicates improving demand or utilization for the fleet. A growing revenue base helps absorb high fixed vessel costs, supports charter pricing leverage, and underpins longer-term cash generation capacity if the trend persists.
Negative Factors
Rising leverage and debt load
A doubling of debt in two years materially increases interest and refinancing risk. Higher leverage reduces financial flexibility during shipping downturns, can strain covenant headroom, and increases reliance on external funding to support fleet capex and working capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery trend
Sustained top-line recovery through 2024–2025 indicates improving demand or utilization for the fleet. A growing revenue base helps absorb high fixed vessel costs, supports charter pricing leverage, and underpins longer-term cash generation capacity if the trend persists.
Read all positive factors
Globus Maritime (GLBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$47.27M
Dividend YieldN/A
Average Volume (3M)230.85K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth18.49%
EPS Growth-264.74%
CountryUS
Employees25
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.04
Shares Outstanding21,582,300
10 Day Avg. Volume76,818
30 Day Avg. Volume230,854
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.21
Price to Sales (P/S)0.82
P/FCF Ratio-15.98
Enterprise Value/Market Cap2.75
Enterprise Value/Revenue2.94
Enterprise Value/Gross Profit11.08
Enterprise Value/Ebitda6.78
Forecast
1Y Price Target
$3.00Price Target Upside36.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.13
Revenue Forecast (FY)$49.04M
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, ...
How the Company Makes Money
Globus Maritime makes money primarily by earning charter revenues from its dry bulk vessels. Its key revenue stream is the hire or freight it receives when its ships are contracted to transport cargo or made available to charterers under shipping ...
Globus Maritime Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.21M | 34.87M | 31.20M | 61.76M | 43.38M |
| Gross Profit | 9.23M | 6.61M | 2.27M | 28.12M | 21.78M |
| EBITDA | 16.92M | 16.30M | 18.48M | 36.89M | 24.87M |
| Net Income | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
Balance Sheet | |||||
| Total Assets | 288.82M | 320.99M | 231.40M | 225.46M | 185.65M |
| Cash, Cash Equivalents and Short-Term Investments | 26.70M | 46.84M | 74.20M | 52.83M | 45.21M |
| Total Debt | 109.25M | 137.95M | 52.45M | 44.83M | 32.39M |
| Total Liabilities | 112.83M | 144.59M | 55.43M | 54.76M | 39.23M |
| Stockholders Equity | 175.99M | 176.40M | 175.97M | 170.70M | 146.42M |
Cash Flow | |||||
| Free Cash Flow | -2.27M | -101.90M | -23.73M | -2.48M | -51.22M |
| Operating Cash Flow | 5.58M | 11.29M | -4.46M | 26.91M | 20.75M |
| Investing Cash Flow | -18.49M | -98.92M | 18.46M | -29.01M | -71.96M |
| Financing Cash Flow | -7.68M | 60.27M | 7.37M | 9.72M | 77.39M |
Globus Maritime Technical Analysis
Positive
2.19
Price Trends
1.85
Positive
1.70
Positive
1.41
Positive
Market Momentum
0.11
Negative
59.94
Neutral
61.12
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 2.19 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.85, and above the 200-day MA of 1.41, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 59.94 is Neutral, neither overbought nor oversold. The STOCH value of 61.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLBS.
Globus Maritime Risk Analysis
Globus Maritime disclosed 75 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 0 New Risks
Globus Maritime Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $23.75M | 0.53 | 16.53% | ― | -11.07% | -13.39% | |
65 Neutral | $14.34M | 4.65 | 7.94% | ― | 4.77% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $46.34M | 29.46 | 2.13% | ― | -23.25% | -107.24% | |
59 Neutral | $55.35M | -8.29 | -11.12% | ― | -20.95% | -77.49% | |
52 Neutral | $16.91M | 0.26 | -5.54% | ― | -1.35% | -118.25% | |
51 Neutral | $47.27M | -20.72 | -2.65% | ― | 18.49% | -264.74% |
* Industrials Sector Average
GLBS
Globus Maritime
2.19
1.10
100.92%
PSHG
Performance Shipping
1.91
0.50
35.46%
TOPS
Top Ships
3.10
-2.20
-41.52%
PXS
Pyxis Tankers
4.51
1.69
59.93%
EDRY
EuroDry
19.58
10.46
114.69%
CTRM
Castor Maritime
1.75
-0.39
-18.22%
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.