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Globus Maritime

DB:0G92
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0G92
DB
$11M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The last earnings update was 15 days ago. More info.


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  • Globus Maritime has significant price volatility in the past 3 months.
0G92 Share Price and Events
7 Day Returns
9.1%
DB:0G92
4.1%
Europe Shipping
2.5%
DE Market
1 Year Returns
-32.7%
DB:0G92
6.2%
Europe Shipping
2.6%
DE Market
0G92 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Globus Maritime (0G92) 9.1% 3.9% 2.5% -32.7% -92.5% -
Europe Shipping 4.1% -1.8% 9.8% 6.2% 6.6% -14.6%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • 0G92 underperformed the Shipping industry which returned 6.2% over the past year.
  • 0G92 underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
0G92
Industry
5yr Volatility vs Market

Value

 Is Globus Maritime undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Globus Maritime to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Globus Maritime.

DB:0G92 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 30.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0G92
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 29%) (361.5%))
2.082
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 14.99%)
30.21%

Discounted Cash Flow Calculation for DB:0G92 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Globus Maritime is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0G92 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 30.21%)
2020 0.14 Est @ -76.82% 0.11
2021 0.06 Est @ -53.7% 0.04
2022 0.04 Est @ -37.52% 0.02
2023 0.03 Est @ -26.2% 0.01
2024 0.02 Est @ -18.27% 0.01
2025 0.02 Est @ -12.72% 0.00
2026 0.02 Est @ -8.84% 0.00
2027 0.02 Est @ -6.12% 0.00
2028 0.02 Est @ -4.21% 0.00
2029 0.02 Est @ -2.88% 0.00
Present value of next 10 years cash flows $0.00
DB:0G92 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $0.02 × (1 + 0.23%) ÷ (30.21% – 0.23%)
$0.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.06 ÷ (1 + 30.21%)10
$0.00
DB:0G92 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.00 + $0.00
$0.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.00 / 4.42
$0
DB:0G92 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0G92 represents 0.85x of NasdaqCM:GLBS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.00 x 0.85
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €2.04
= -1 x (€2.04 - €0.00) / €0.00
-264941.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Globus Maritime is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Globus Maritime's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Globus Maritime's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0G92 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-1.33
NasdaqCM:GLBS Share Price ** NasdaqCM (2019-10-11) in USD $2.4
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Globus Maritime.

DB:0G92 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:GLBS Share Price ÷ EPS (both in USD)

= 2.4 ÷ -1.33

-1.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globus Maritime is loss making, we can't compare its value to the Europe Shipping industry average.
  • Globus Maritime is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Globus Maritime's expected growth come at a high price?
Raw Data
DB:0G92 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Globus Maritime, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Globus Maritime's assets?
Raw Data
DB:0G92 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $9.37
NasdaqCM:GLBS Share Price * NasdaqCM (2019-10-11) in USD $2.4
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:0G92 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:GLBS Share Price ÷ Book Value per Share (both in USD)

= 2.4 ÷ 9.37

0.26x

* Primary Listing of Globus Maritime.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globus Maritime is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Globus Maritime's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Globus Maritime has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Globus Maritime expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Globus Maritime has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.3%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Globus Maritime expected to grow at an attractive rate?
  • Unable to compare Globus Maritime's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Globus Maritime's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Globus Maritime's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:0G92 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0G92 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0G92 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 16 1 -5
2019-03-31 17 -3
2018-12-31 17 4 -4
2018-09-30 17 -3
2018-06-30 16 3 -5
2018-03-31 16 -6
2017-12-31 14 1 -6
2017-09-30 13 1 -8
2017-06-30 11 -7
2017-03-31 10 -10
2016-12-31 9 -4 -10
2016-09-30 9 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Globus Maritime is high growth as no earnings estimate data is available.
  • Unable to determine if Globus Maritime is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0G92 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Globus Maritime Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0G92 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -1.33
2019-03-31 -0.78
2018-12-31 -1.11
2018-09-30 -1.11
2018-06-30 -1.71
2018-03-31 -1.92
2017-12-31 -2.51
2017-09-30 -4.08
2017-06-30 -5.32
2017-03-31 -16.90
2016-12-31 -37.73
2016-09-30 -93.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Globus Maritime will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Globus Maritime's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  2. Globus Maritime's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Globus Maritime's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Globus Maritime has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Globus Maritime performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Globus Maritime's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Globus Maritime does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Globus Maritime's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Globus Maritime's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Globus Maritime's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Globus Maritime Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0G92 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 16.16 -4.57 2.00
2019-03-31 16.96 -2.51 1.98
2018-12-31 17.35 -3.57 1.92
2018-09-30 17.49 -3.50 1.71
2018-06-30 15.92 -5.22 1.71
2018-03-31 15.77 -5.67 1.74
2017-12-31 13.88 -6.48 1.78
2017-09-30 12.93 -7.65 2.03
2017-06-30 11.24 -6.64 2.45
2017-03-31 9.95 -10.50 2.56
2016-12-31 8.70 -9.83 2.50
2016-09-30 9.04 -24.11 2.53
2016-06-30 9.69 -26.13 2.20
2016-03-31 10.84 -31.21 2.20
2015-12-31 12.72 -32.84 2.28
2015-09-30 15.53 -13.23 2.30
2015-06-30 18.67 -10.55 2.37
2015-03-31 22.61 -1.47 2.46
2014-12-31 26.38 2.92 2.48
2014-09-30 28.45 4.01 2.30
2014-06-30 29.79 5.00 2.35
2014-03-31 29.44 5.11 2.42
2013-12-31 29.43 5.35 2.52
2013-09-30 29.59 -80.55 3.32
2013-06-30 29.34 -82.38 3.29
2013-03-31 29.82 -83.67 3.27
2012-12-31 32.20 -83.33 3.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Globus Maritime has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Globus Maritime has efficiently used its assets last year compared to the Europe Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Globus Maritime improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Globus Maritime's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Globus Maritime has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Globus Maritime's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Globus Maritime's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Globus Maritime's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Globus Maritime's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Globus Maritime's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Globus Maritime Company Filings, last reported 3 months ago.

DB:0G92 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 40.73 37.68 2.71
2019-03-31 40.59 41.07 2.96
2018-12-31 41.05 36.87 0.05
2018-09-30 42.39 37.80 0.77
2018-06-30 42.13 39.33 1.59
2018-03-31 43.05 40.86 2.07
2017-12-31 43.97 41.54 2.76
2017-09-30 41.40 41.80 0.22
2017-06-30 42.06 44.21 0.83
2017-03-31 43.43 44.19 1.28
2016-12-31 20.76 65.57 0.16
2016-09-30 23.21 64.90 0.29
2016-06-30 25.98 63.50 0.19
2016-03-31 30.54 78.25 2.01
2015-12-31 30.54 78.25 2.01
2015-09-30 47.06 77.67 2.87
2015-06-30 49.52 82.48 3.07
2015-03-31 59.83 82.40 3.79
2014-12-31 63.32 84.39 5.08
2014-09-30 60.20 84.02 5.96
2014-06-30 59.99 85.25 5.69
2014-03-31 61.44 90.38 7.10
2013-12-31 60.34 85.06 4.89
2013-09-30 56.59 94.54 6.77
2013-06-30 55.33 95.37 6.14
2013-03-31 56.56 104.19 10.82
2012-12-31 55.18 99.55 9.65
  • Globus Maritime's level of debt (92.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (142.1% vs 92.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Globus Maritime has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Globus Maritime has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -112.2% per year.
X
Financial health checks
We assess Globus Maritime's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Globus Maritime has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Globus Maritime's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Globus Maritime dividends.
If you bought €2,000 of Globus Maritime shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Globus Maritime's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Globus Maritime's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0G92 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0G92 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-04-29 0.000 0.000
2014-04-10 0.000 0.000
2013-11-20 0.000 0.000
2013-09-03 0.000 0.000
2013-05-29 0.000 0.000
2013-04-30 0.000 0.000
2013-04-29 0.000 0.000
2012-11-27 0.000 0.000
2012-09-10 0.000 0.000
2012-05-14 13.600 11.235
2012-02-28 25.600 12.619
2011-10-20 25.600 15.740
2011-06-06 25.600 10.151
2011-05-09 25.600 7.145
2011-02-24 25.600 7.371
2010-12-02 25.600 6.357
2010-11-26 9.032 1.822
2010-01-25 0.000 0.000
2009-09-15 0.000 0.000
2009-08-13 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Globus Maritime has not reported any payouts.
  • Unable to verify if Globus Maritime's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Globus Maritime's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Globus Maritime has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Globus Maritime's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Globus Maritime afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Globus Maritime has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Globus Maritime's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thanos Feidakis
AGE 32
TENURE AS CEO 3.8 years
CEO Bio

Mr. Athanasios Feidakis, also known as Thanos, has been the Chief Executive Officer, President and Chief Financial Officer of Globus Maritime Limited since December 28, 2015. Mr. Feidakis has been the President of Cyberonica S.A since December 2008. From October 2011 to June 2013, Mr. Feidakis worked for operations and chartering department as an operator. From September 2010 to May 2011, Mr. Feidakis worked for ACM, as a S&P broker and from October 2007 to April 2008, Mr. Feidakis worked for Clarksons, as a chartering trainee where Mr. Feidakis worked on dry cargo commodities chartering and the sale and purchase of vessels. Since July 01, 2013, he has been Director of Globus Maritime Limited. Since April 2011, Mr. Feidakis has been a Director of F.G. Europe S.A., Mr. Feidakis holds a B.Sc. in Business Studies and an M.Sc. in Shipping Trade and Finance from the Cass Business School (City University London). In addition, Mr. Feidakis has professional qualifications in dry cargo chartering and operations from the Institute of Chartered Shipbrokers.

CEO Compensation
  • Insufficient data for Thanos to compare compensation growth.
  • Insufficient data for Thanos to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Globus Maritime management team in years:

6.8
Average Tenure
63
Average Age
  • The average tenure for the Globus Maritime management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Feidakis

TITLE
Founder & Non-Executive Chairman
COMPENSATION
$40K
AGE
68
TENURE
13.3 yrs

Thanos Feidakis

TITLE
CEO, President
AGE
32
TENURE
3.8 yrs

Olga Lambrianidou

TITLE
Corporate Secretary
AGE
63
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the Globus Maritime board of directors in years:

7.8
Average Tenure
63.5
Average Age
  • The tenure for the Globus Maritime board of directors is about average.
Board of Directors

George Feidakis

TITLE
Founder & Non-Executive Chairman
COMPENSATION
$40K
AGE
68
TENURE
13.3 yrs

Thanos Feidakis

TITLE
CEO, President
AGE
32
TENURE
6.3 yrs

Jeff Parry

TITLE
Non-Executive Director
AGE
59
TENURE
9.3 yrs

Ioannis Kazantzidis

TITLE
Independent Non-Executive Director
AGE
68
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Jul 19 Sell Firment Shipping Inc. Company 21. Jun 19 28. Jun 19 -295,863 €2.11 €-603,952
05. Apr 19 Sell Firment Shipping Inc. Company 20. Mar 19 29. Mar 19 -1,004,233 €3.61 €-3,621,230
11. Dec 18 Sell Firment Shipping Inc. Company 15. Nov 18 07. Dec 18 -433,765 €5.31 €-2,302,275
X
Management checks
We assess Globus Maritime's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Globus Maritime has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The company 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, 2019, it owned and operated five vessels with a total carrying capacity of 300,571 deadweight tonnage. The company charters its vessels to operators, trading houses, shipping companies and producers, and government-owned entities. Globus Maritime Limited was founded in 2006 and is based in Athens, Greece.

Details
Name: Globus Maritime Limited
0G92
Exchange: DB
Founded: 2006
$9,591,104
4,415,794
Website: http://www.globusmaritime.gr
Address: Globus Maritime Limited
128 Vouliagmenis Avenue,
3rd Floor,
Athens,
166 74,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM GLBS Ordinary Shares Nasdaq Capital Market US USD 06. Jun 2007
DB 0G92 Ordinary Shares Deutsche Boerse AG DE EUR 06. Jun 2007
Number of employees
Current staff
Staff numbers
14
Globus Maritime employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:41
End of day share price update: 2019/10/11 00:00
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.