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Globus Maritime
(NASDAQ:GLBS)
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Rating:55Neutral
Price Target:
$3.00
▲(44.93% Upside)
Action:Reiterated
Date:06/23/26
The score is driven primarily by improving financial momentum (revenue growth, return to profitability, and stronger operating/free cash flow), tempered by higher leverage and historically volatile results. Technicals are supportive due to the strong uptrend, but overbought indicators raise near-term pullback risk. Valuation is a key drag given the very high P/E and lack of dividend yield data.
Positive Factors
Fleet modernization (Ultramax additions)
Scheduled delivery of two fuel-efficient Ultramax vessels materially modernizes the fleet, lowering fuel and operating costs per voyage and improving emissions performance. This structural upgrade should enhance competitiveness on time-charters, sustain utilization and reduce unit costs across shipping cycles.
Negative Factors
Rising leverage reduces flexibility
Debt-to-equity roughly doubling versus prior years materially increases leverage. In a cyclical shipping sector this elevates refinancing and interest-rate sensitivity, constrains the ability to absorb prolonged rate downturns and limits financial flexibility for opportunistic investments or cushioning volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Fleet modernization (Ultramax additions)
Scheduled delivery of two fuel-efficient Ultramax vessels materially modernizes the fleet, lowering fuel and operating costs per voyage and improving emissions performance. This structural upgrade should enhance competitiveness on time-charters, sustain utilization and reduce unit costs across shipping cycles.
Read all positive factors
Globus Maritime (GLBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.69M
Dividend YieldN/A
Average Volume (3M)230.85K
Price to Earnings (P/E)86.8
Beta (1Y)0.57
Revenue Growth33.71%
EPS GrowthN/A
CountryUS
Employees25
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
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 Cap2.05
Enterprise Value/Revenue2.85
Enterprise Value/Gross Profit9.92
Enterprise Value/Ebitda6.53
Forecast
1Y Price Target
$5.00Price Target Upside141.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Globus Maritime Business Overview & Revenue Model
Company Description
Globus Maritime Limited (GML) is an international dry bulk shipping firm that specializes in providing worldwide marine transportation services. The company owns, manages, and operates a fleet of dry bulk carriers, which are essential for shipping...
How the Company Makes Money
Globus Maritime makes money primarily by earning charter revenue from leasing its dry bulk vessels to customers to transport cargo. Its core revenue stream is freight/charter hire, generally structured through (1) time charters, where a customer h...
Globus Maritime Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.84M | 44.21M | 34.87M | 31.20M | 61.76M | 43.38M |
| Gross Profit | 13.74M | 9.23M | 6.61M | 2.27M | 28.12M | 21.78M |
| EBITDA | 20.87M | 16.92M | 16.30M | 18.48M | 36.89M | 24.87M |
| Net Income | 824.00K | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
Balance Sheet | ||||||
| Total Assets | 290.65M | 288.82M | 320.99M | 231.40M | 225.46M | 185.65M |
| Cash, Cash Equivalents and Short-Term Investments | 28.04M | 26.70M | 46.84M | 74.20M | 52.83M | 45.21M |
| Total Debt | 108.31M | 109.25M | 137.95M | 52.45M | 44.83M | 32.39M |
| Total Liabilities | 113.57M | 112.83M | 144.59M | 55.43M | 54.76M | 39.23M |
| Stockholders Equity | 177.08M | 175.99M | 176.40M | 175.97M | 170.70M | 146.42M |
Cash Flow | ||||||
| Free Cash Flow | 4.82M | -2.27M | -101.90M | -23.73M | -2.48M | -51.22M |
| Operating Cash Flow | 12.42M | 5.58M | 11.29M | -4.46M | 26.91M | 20.75M |
| Investing Cash Flow | -25.65M | -18.49M | -98.92M | 18.46M | -29.01M | -71.96M |
| Financing Cash Flow | -9.90M | -7.68M | 60.27M | 7.37M | 9.72M | 77.39M |
Globus Maritime Technical Analysis
Positive
2.07
Price Trends
2.32
Positive
2.12
Positive
1.76
Positive
Market Momentum
0.25
Negative
66.99
Neutral
78.29
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 2.07 is below the 20-day moving average (MA) of 2.67, below the 50-day MA of 2.32, and above the 200-day MA of 1.76, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 66.99 is Neutral, neither overbought nor oversold. The STOCH value of 78.29 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $42.97M | 12.00 | 3.87% | ― | -20.22% | -47.01% | |
67 Neutral | $21.84M | 0.28 | -5.54% | ― | 24.97% | ― | |
64 Neutral | $20.39M | 0.70 | 9.79% | ― | 11.81% | -51.76% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $63.32M | -172.17 | -0.33% | ― | -0.04% | 96.94% | |
55 Neutral | $66.69M | 86.80 | 0.47% | ― | 33.71% | ― | |
45 Neutral | $5.79M | 1.18 | 7.94% | ― | -6.63% | -38.69% |
* Industrials Sector Average
GLBS
Globus Maritime
3.09
1.97
175.89%
PSHG
Performance Shipping
1.64
-0.11
-6.29%
TOPS
Top Ships
0.78
-5.11
-86.83%
PXS
Pyxis Tankers
4.20
1.37
48.41%
EDRY
EuroDry
22.09
12.69
135.00%
CTRM
Castor Maritime
2.26
0.08
3.67%
Globus Maritime Corporate Events
Globus Maritime Swings to Profit on Stronger Q1 2026 Dry Bulk Market
Jun 10, 2026
On June 10, 2026, Globus Maritime reported unaudited results for the quarter ended March 31, 2026, showing a sharp year-on-year improvement in performance. Revenue rose to $12.2 million from $8.6 million in the same period of 2025, adjusted EBITDA...
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.