Globus Maritime Financials

GLBS Stock  USD 1.50  0.19  14.50%   
Based on the measurements of operating efficiency obtained from Globus Maritime's historical financial statements, Globus Maritime is performing exceptionally good at this time. It has a great risk to report excellent financial results in December. At this time, Globus Maritime's Total Current Assets are comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 206.1 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 9 M in 2024. Key indicators impacting Globus Maritime's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.280.297
Notably Down
Slightly volatile
Current Ratio8.768.3461
Sufficiently Up
Slightly volatile
The financial analysis of Globus Maritime is a critical element in measuring its lifeblood. Investors should not minimize Globus Maritime's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

5.54 Million

  
Understanding current and past Globus Maritime Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Globus Maritime's financial statements are interrelated, with each one affecting the others. For example, an increase in Globus Maritime's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Globus Maritime's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Globus Maritime. Check Globus Maritime's Beneish M Score to see the likelihood of Globus Maritime's management manipulating its earnings.

Globus Maritime Stock Summary

Globus Maritime competes with Seanergy Maritime, United Maritime, Performance Shipping, Castor Maritime, and TOP Ships. Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. Globus Maritime Limited is a subsidiary of Firment Trading Limited. Globus Maritime operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. It employs 22 people.
Specialization
Industrials, Marine Shipping
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINMHY272651263
CUSIPY27265126 Y27265407 Y27265209 Y27265308
LocationGreece
Business Address128 Vouliagmenis Avenue,
SectorMarine Transportation
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.globusmaritime.gr
Phone30 210 96 08 300
CurrencyUSD - US Dollar

Globus Maritime Key Financial Ratios

Globus Maritime Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets55.7M86.4M185.7M225.5M231.4M129.6M
Other Current Liab622K2.2M3.6M5.2M1.8M2.4M
Other Liab26K31K114K148K170.2K137.5K
Net Debt36.1M18.1M(13.0M)(8.0M)(21.8M)(20.7M)
Retained Earnings(135.6M)(153.0M)(138.1M)(113.8M)(108.5M)(103.1M)
Accounts Payable4.7M4.8M1.1M3.5M362K343.9K
Cash2.4M19.0M45.2M52.8M74.2M77.9M
Long Term Debt36.6M30.9M26.4M37.5M45.8M38.8M
Net Receivables240K153K1.0M109K1.2M1.2M
Inventory1.5M1.2M852K3.0M1.3M954.4K
Other Current Assets153K1.8M2.9M6.4M2.7M2.6M
Total Liab45.8M44.3M39.2M54.8M55.4M61.9M
Total Current Assets5.5M22.3M49.9M62.3M79.3M83.3M
Short Term Debt1.4M5.9M5.4M7.4M6.7M6.4M
Common Stock13K21K12K82K94.3K49.4K
Net Tangible Assets9.9M42.1M146.4M170.7M196.3M206.1M
Short Long Term Debt1.2M5.7M4.9M6.8M6.5M6.2M
Net Invested Capital47.6M78.6M177.7M215.0M228.2M143.1M

Globus Maritime Key Income Statement Accounts

The reason investors look at the income statement is to determine what Globus Maritime's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense4.0M4.1M2.6M2.3M4.3M2.6M
Total Revenue15.6M11.8M43.4M61.8M31.2M26.1M
Gross Profit(1.8M)(3.1M)21.8M28.1M298K283.1K
Operating Income(4.4M)(11.4M)17.9M23.6M(2.0M)(1.9M)
Ebit(4.4M)(13.2M)18.2M26.6M9.6M7.1M
Ebitda2.1M(9.5M)24.9M36.9M18.5M14.1M
Cost Of Revenue17.4M14.8M21.6M33.6M30.9M21.3M
Income Before Tax(36.4M)(17.4M)15.0M24.3M5.3M5.5M
Net Income(40.4M)(21.4M)15.0M24.3M5.3M5.5M
Income Tax Expense4.0M4.1M2.6M(648K)8.7M9.2M
Interest Income47K16K8K375K2.0M2.1M
Net Interest Income(4.7M)(4.1M)(3.3M)(2.0M)(1.9M)(2.0M)

Globus Maritime Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(895K)297K396K(2.2M)1.8M1.9M
Change In Cash2.3M16.7M26.2M7.6M19.1M20.0M
Free Cash Flow146K(24.8M)(51.2M)(2.5M)(24M)(22.8M)
Depreciation6.4M3.7M6.7M10.2M8.9M6.9M
Other Non Cash Items3.8M1.5M(410K)(3.6M)(18.0M)(17.1M)
Capital Expenditures67K18.6M72.0M29.4M19.3M15.4M
Net Income(36.4M)(17.4M)15.0M24.3M5.3M5.5M
End Period Cash Flow2.4M19.0M45.2M52.8M74.3M78.0M
Investments(20K)(18.5M)(72.0M)(29.0M)14.7M15.5M
Net Borrowings8.0M(3.2M)(5.5M)12.3M14.2M14.9M
Change To Netincome31.3M7.6M(1.1M)(3.7M)(3.4M)(3.2M)

Globus Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Globus Maritime's current stock value. Our valuation model uses many indicators to compare Globus Maritime value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Globus Maritime competition to find correlations between indicators driving Globus Maritime's intrinsic value. More Info.
Globus Maritime is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.14  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Globus Maritime is roughly  6.95 . At this time, Globus Maritime's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Globus Maritime by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Globus Maritime Systematic Risk

Globus Maritime's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Globus Maritime volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Globus Maritime correlated with the market. If Beta is less than 0 Globus Maritime generally moves in the opposite direction as compared to the market. If Globus Maritime Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Globus Maritime is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Globus Maritime is generally in the same direction as the market. If Beta > 1 Globus Maritime moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Globus Maritime Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Globus Maritime's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Globus Maritime growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.14)

At this time, Globus Maritime's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Globus Maritime November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Globus Maritime help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Globus Maritime. We use our internally-developed statistical techniques to arrive at the intrinsic value of Globus Maritime based on widely used predictive technical indicators. In general, we focus on analyzing Globus Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Globus Maritime's daily price indicators and compare them against related drivers.

Additional Tools for Globus Stock Analysis

When running Globus Maritime's price analysis, check to measure Globus Maritime's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globus Maritime is operating at the current time. Most of Globus Maritime's value examination focuses on studying past and present price action to predict the probability of Globus Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Maritime's price. Additionally, you may evaluate how the addition of Globus Maritime to your portfolios can decrease your overall portfolio volatility.