Industrials -
Marine Shipping - NASDAQ - GR
$ 1.08
-1.79 %
$ 22.2 M
Market Cap
55.0
P/E
1. INTRINSIC VALUE
Balance Sheet
Globus Maritime Limited
| Current Assets | 53 M |
| Cash & Short-Term Investments | 46.8 M |
| Receivables | 1.11 M |
| Other Current Assets | 5.09 M |
| Non-Current Assets | 268 M |
| Long-Term Investments | 0 |
| PP&E | 265 M |
| Other Non-Current Assets | 2.96 M |
| Current Liabilities | 34.6 M |
| Accounts Payable | 3.59 M |
| Short-Term Debt | 28.1 M |
| Other Current Liabilities | 2.85 M |
| Non-Current Liabilities | 110 M |
| Long-Term Debt | 110 M |
| Other Non-Current Liabilities | 191 K |
EFFICIENCY
Earnings Waterfall
Globus Maritime Limited
| Revenue | 34.9 M |
| Cost Of Revenue | 28.3 M |
| Gross Profit | 6.61 M |
| Operating Expenses | 3.21 M |
| Operating Income | 3.4 M |
| Other Expenses | 2.97 M |
| Net Income | 431 K |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Globus Maritime Limited
| Net Income | 431 K |
| Depreciation & Amortization | 9.74 M |
| Capital Expenditures | -113 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 2.34 M |
| Others | -1.89 M |
| Free Cash Flow | -102 M |
Wall Street Analysts Price Targets
Globus Maritime Limited
Wall Street analysts predict an average 1-year price target for GLBS of $4 , with forecasts ranging from
a
low of
$4 to a high of $4 .
GLBS Lowest Price Target
Wall Street Target
4 USD
270.37%
GLBS Average Price Target
Wall Street Target
4 USD
270.37%
GLBS Highest Price Target
Wall Street Target
4 USD
270.37%
4. DIVIDEND
ANALYSIS
GLBS does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Globus Maritime Limited
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Globus Maritime Announces Filing of its 2024 Annual Report on Form 20–F
GLYFADA, Greece, March 14, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited ("Globus," the “Company," “we,” or “our”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that the Company's annual report on Form 20-F that contains the Company's audited financial statements for the fiscal year ended December 31, 2024, was filed today with the Securities and Exchange Commission, and may be found on the Company's website at www.globusmaritime.gr under Investor Relations.
globenewswire.com
- 1 month ago
Globus Maritime Announces Agreement to Sell the River Globe, a Supramax Vessel
GLYFADA, Greece, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that through a wholly owned subsidiary, it has entered into an agreement to sell to an unaffiliated third party its 2007-built supramax vessel of approximately 53,627 dwt, the m/v River Globe, for a gross price of US$ 8.55 million before commissions and expenses. The vessel is expected to be delivered to its new owner between March 1, 2025, and April 15, 2025. The sale of the vessel is subject to customary closing conditions and requirements.
globenewswire.com
- 2 months ago
Globus Maritime Announces a Sale and Bareboat Back Transaction for its Vessel GLBS Magic
GLYFADA, Greece, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has closed a $25 million sale and bareboat agreement through its wholly owned subsidiary, Paralus Shipholding S.A., with an unrelated Japanese third party, with respect to the approximately 64,000 dwt bulk carrier “GLBS Magic” which was delivered from its builder, the Nantong Cosco Khi Ship Engineering Co., Ltd. shipyard in China on September 20, 2024. The Company has sold the GLBS Magic to an unrelated third party for $25 million and has bareboat chartered back the vessel for (i) a fixed amount equal to $2,250 per day for the first three years from the delivery date, $2,550 per day for the next two years, $2,850 per day for the three years following, and $2,950 per day for the final two years plus (ii) a variable amount priced at Term SOFR plus a 2.1% margin of the outstanding lease obligation. As part of this transaction, the Company has continuous options to buy back the vessel following the third anniversary of its delivery to the purchaser, at purchase prices stipulated in the bareboat charter depending on when the option is exercised. At the end of the ten-year period, the Company has an obligation to buy back the vessel at a purchase price of $15,400,500, if not purchased earlier. The sale and bareboat charter back transaction closed on December 23, 2024. The bareboat charter contains certain covenants and agreements customary for financing agreements of this type.
globenewswire.com
- 3 months ago
Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-month period ended September 30, 2024
GLYFADA, Greece, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the third quarter and nine-month period ended September 30, 2024.
globenewswire.com
- 4 months ago
Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2024 Results
GLYFADA, Greece, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the three- and nine-months period ended September 30, 2024, after the market closes in New York on Friday, November 29, 2024.
globenewswire.com
- 4 months ago
Globus Maritime Limited Announces Agreements to Purchase Two Vessels
GLYFADA, Greece, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS) announced today that it has signed, through two separate wholly owned subsidiaries, memoranda of agreement to acquire two Kamsarmax scrubber outfitted dry bulk vessels (the “Vessels”). One of the Vessels is a 2016-built dry bulk vessel with a carrying capacity of approximately 81,119 dwt and has a purchase price of $27.5 million, and the other Vessel is a 2014-built dry bulk vessel with a carrying capacity of approximately 81,817 dwt and has a purchase price of $26.5 million, in each case subject to standard adjustments. An aggregate of $18.0 million of the purchase price for the 2016-built Vessel will be paid upon its delivery (including the deposit), and the remaining balance is to be paid in one lump sum without interest no later than one year after the date of the relevant memorandum of agreement. An aggregate of $17.0 million of the purchase price for the 2014-built Vessel will be paid upon its delivery (including the deposit), and the remaining balance is to be paid in one lump sum without interest no later than one year after the date of the relevant memorandum of agreement.
globenewswire.com
- 6 months ago
Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel “Glbs Magic,” Expanding Fleet to Eight Vessels
GLYFADA, Greece, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it took delivery of the M/V “Glbs Magic,” a 2024 new built Ultramax dry bulk carrier, on September 20, 2024.
globenewswire.com
- 6 months ago
Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2024
GLYFADA, Greece, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30, 2024.
globenewswire.com
- 7 months ago
Globus Maritime Announces Results of Annual Meeting of Shareholders
GLYFADA, Greece, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced the results of its annual meeting of shareholders, held earlier today in Glyfada, Greece. The following proposals were approved and adopted at the meeting:
globenewswire.com
- 7 months ago
Globus Maritime Sets Date for the Release of Second Quarter and First Half 2024 Results
GLYFADA, Greece, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the quarter and six-month period ended June 30, 2024, after the market closes in New York on Thursday, September 12, 2024.
globenewswire.com
- 7 months ago
Top 3 Industrials Stocks That May Rocket Higher This Quarter
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
benzinga.com
- 7 months ago
Globus Maritime Announces Annual Meeting of Shareholders
GLYFADA, Greece, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that the annual meeting of shareholders will be held at the offices of Globus Shipmanagement Corp. at 128 Vouliagmenis Avenue in Glyfada, Attica Greece, on September 12, 2024, at 11:00 a.m. local time.
globenewswire.com
- 8 months ago
8. Profile
Summary
Globus Maritime Limited GLBS
COUNTRY
GR
INDUSTRY
Marine Shipping
MARKET CAP
$ 22.2 M
Dividend Yield
0.00%
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.
Contact
128 Vouliagmenis Avenue, Athens, 166 74
https://www.globusmaritime.gr
IPO
Date
March 11, 2008
Employees
25
Officers
Mr. Athanasios Feidakis
Chief Executive Officer, President, Chief Financial Officer & Director
Ms. Olga Lambrianidou
Corporate Secretary
Mr. Georgios Feidakis
Founder & Non-Executive Chairman