Globus Maritime (GLBS) AI Stock Analysis

• Market Cap: $30.05M
• Dividend Yield: N/A
• Average Volume (3M): 230.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: 18.49%
• EPS Growth: -264.74%
• Country: US
• Employees: 25
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.04
• Shares Outstanding: 20,582,300
• 10 Day Avg. Volume: 76,818
• 30 Day Avg. Volume: 230,854
• PEG Ratio: -0.61
• Price to Book (P/B): 0.14
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -0.24
• Enterprise Value/Market Cap: 2.91
• Enterprise Value/Revenue: 2.22
• Enterprise Value/Gross Profit: 22.45
• Enterprise Value/Ebitda: 5.67
• 1Y Price Target: $3.00
• Price Target Upside: 104.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $1.50 ▲(2.04% Upside)

Globus Maritime's overall score is primarily impacted by financial performance challenges, including negative profitability and cash flow constraints. Technical analysis provides some positive momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.

Positive Factors

Fleet Expansion

The addition of new vessels enhances Globus Maritime's capacity and operational efficiency, potentially increasing market share and revenue.

Improved Leverage Management

Better leverage management indicates improved financial stability, providing more flexibility for strategic investments and growth initiatives.

Strategic Governance Changes

New leadership can bring fresh perspectives and strategies, potentially enhancing governance and aligning with long-term shareholder interests.

Negative Factors

Profitability Challenges

Persistent profitability issues can hinder reinvestment and growth, impacting long-term financial health and competitive positioning.

Cash Flow Constraints

Limited cash generation restricts operational flexibility and the ability to fund new projects or weather market downturns.

Declining Charter Rates

Falling charter rates reduce revenue potential and profitability, challenging the company's ability to maintain margins in a competitive market.

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 third-party customers. The company typically enters into time charters, where it leases its ships for a specified period, earning revenue based on the daily charter rate agreed upon. Additionally, Globus Maritime may engage in spot charters, which are more flexible and based on current market rates for immediate shipping needs. Key revenue streams include contracts with shipping companies, traders, and commodity producers, along with potential revenue from freight derivatives. The company's earnings can be influenced by factors such as shipping rates in the dry bulk market, operational efficiency, fleet utilization, and the overall demand for bulk commodities. Strategic partnerships with other shipping firms and commodity traders can also enhance revenue opportunities.

Globus Maritime Financial Statement Overview

Summary

Globus Maritime faces several financial challenges. Despite some revenue growth, profitability and cash flow metrics are concerning, with negative net income and free cash flow. The balance sheet shows moderate leverage, but the negative return on equity indicates profitability issues.

Income Statement

Globus Maritime's income statement shows a mixed performance. The company has experienced a slight revenue growth of 6.1% in the TTM period, but profitability metrics have deteriorated. The gross profit margin is low at 9.78%, and the net profit margin is negative, indicating losses. The EBIT margin is also negative, reflecting operational challenges. Despite these issues, the EBITDA margin remains relatively healthy at 34.91%, suggesting some operational efficiency.

Balance Sheet

The balance sheet of Globus Maritime reveals moderate financial stability. The debt-to-equity ratio is 0.65, indicating a manageable level of leverage. However, the return on equity is negative, highlighting profitability challenges. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

The cash flow statement indicates significant challenges for Globus Maritime. The free cash flow is negative, with a substantial decline in the TTM period. The operating cash flow to net income ratio is low at 0.15, suggesting limited cash generation from operations. The free cash flow to net income ratio is also negative, reflecting cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.44M	34.87M	31.20M	61.76M	43.38M	11.75M
Gross Profit	3.90M	6.61M	2.27M	28.12M	21.78M	-3.05M
EBITDA	15.42M	16.30M	18.48M	36.89M	24.87M	-9.48M
Net Income	-4.62M	431.00K	5.27M	24.28M	14.95M	-17.37M
Balance Sheet
Total Assets	289.79M	320.99M	231.40M	225.46M	185.65M	86.44M
Cash, Cash Equivalents and Short-Term Investments	25.76M	46.84M	74.20M	52.83M	45.21M	19.04M
Total Debt	110.42M	137.95M	52.45M	44.83M	32.39M	37.11M
Total Liabilities	116.02M	144.59M	55.43M	54.76M	39.23M	44.35M
Stockholders Equity	173.78M	176.40M	175.97M	170.70M	146.42M	42.09M
Cash Flow
Free Cash Flow	-33.65M	-101.90M	-23.73M	-2.48M	-51.22M	-24.80M
Operating Cash Flow	5.26M	11.29M	-4.46M	26.91M	20.75M	-6.24M
Investing Cash Flow	-47.82M	-98.92M	18.46M	-29.01M	-71.96M	-18.54M
Financing Cash Flow	8.61M	60.27M	7.37M	9.72M	77.39M	41.46M

Globus Maritime Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1.47 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.29, and above the 200-day MA of 1.17, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 25.03 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	74 Outperform	$28.47M	1.29	17.90%	―	-11.07%	-13.39%
TOPS	65 Neutral	$26.28M	2.43	7.94%	―	4.77%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EDRY	56 Neutral	$37.65M	-3.35	-11.12%	―	-20.95%	-77.49%
GLBS	54 Neutral	$30.05M	-6.90	-2.63%	―	18.49%	-264.74%
PXS	52 Neutral	$30.83M	-12.92	0.28%	―	-23.25%	-107.24%
CTRM	49 Neutral	$21.35M	-0.69	-5.54%	―	-1.35%	-118.25%

Globus Maritime Corporate Events

Globus Maritime Reports Q3 2025 Financial Results and Strategic Developments

Globus Maritime Limited reported its financial results for the third quarter and nine-month period ending September 30, 2025, showing a revenue of $12.6 million for Q3 and $30.8 million for the nine months. The company achieved a net income of $0.7 million in Q3 but faced a net loss of $2.6 million for the nine-month period. The company has secured financing for two new building vessels scheduled for delivery in 2026 and amended an existing credit facility to reduce the margin and extend maturity. The company is optimistic about market conditions and aims to generate sustainable cash flows and returns for shareholders.

Globus Maritime Announces Shareholder Meeting Results and Strategic Decisions

On September 25, 2025, Globus Maritime Limited announced the results of its annual shareholders meeting held in Glyfada, Greece. The meeting approved the election of Mr. Georgios ‘George’ Feidakis as a Class III director, the appointment of Ernst & Young (Hellas) as independent auditors for the fiscal year ending December 31, 2025, and amendments to the company’s Articles of Incorporation to allow reverse stock splits. These decisions are expected to impact the company’s governance and financial structuring, potentially affecting its market positioning and shareholder value.

Globus Maritime Reports Q2 2025 Financial Results Amid Market Challenges

Globus Maritime Limited reported its financial results for the second quarter and first half of 2025, highlighting a net loss of $1.9 million in Q2 and $3.35 million for the first half, compared to net incomes in the same periods last year. Despite a 5% increase in revenue due to a larger fleet, the company faced a 22% decline in Time Charter Equivalent rates due to unfavorable market conditions. The company remains optimistic about future market dynamics and is focused on fleet renewal and securing competitive financing.