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Global Ports Holding

DB:6P9
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6P9
DB
£40M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy. The last earnings update was 115 days ago. More info.


Add to Portfolio Compare Print
  • Global Ports Holding has significant price volatility in the past 3 months.
6P9 Share Price and Events
7 Day Returns
-9.7%
DB:6P9
-2.6%
DE Infrastructure
-0.6%
DE Market
1 Year Returns
-86.3%
DB:6P9
-45.8%
DE Infrastructure
-20.9%
DE Market
6P9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Ports Holding (6P9) -9.7% -71.3% -78.3% -86.3% - -
DE Infrastructure -2.6% -30.7% -47.9% -45.8% -44.3% -19.9%
DE Market -0.6% -20% -26.3% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 6P9 underperformed the Infrastructure industry which returned -45.8% over the past year.
  • 6P9 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
6P9
Industry
5yr Volatility vs Market

6P9 Value

 Is Global Ports Holding 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 Global Ports Holding 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 Global Ports Holding.

DB:6P9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:6P9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 10%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 22%) (838.88%))
3.712
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)
= -0.39% + (2 * 10%)
19.61%

Discounted Cash Flow Calculation for DB:6P9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Global Ports Holding 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:6P9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 19.61%)
2020 -70.00 Analyst x1 -58.52
2021 -37.00 Analyst x1 -25.86
2022 66.00 Analyst x1 38.57
2023 76.20 Analyst x1 37.23
2024 85.60 Analyst x1 34.97
2025 91.89 Est @ 7.35% 31.38
2026 96.51 Est @ 5.03% 27.56
2027 99.80 Est @ 3.4% 23.82
2028 102.06 Est @ 2.26% 20.37
2029 103.55 Est @ 1.47% 17.28
Present value of next 10 years cash flows $146.00
DB:6P9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $103.55 × (1 + -0.39%) ÷ (19.61% – -0.39%)
$515.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $515.75 ÷ (1 + 19.61%)10
$86.05
DB:6P9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $146.00 + $86.05
$232.05
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $232.05 / 74.31
$3.12
DB:6P9 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:GPH)
0.817
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $3.12 x 0.817
£2.55
Non-primary Listing Adjustment Factor 1 share in DB:6P9 represents 1.10741x of LSE:GPH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.10741x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.55 x 1.10741
€2.82
Value per share (EUR) From above. €2.82
Current discount Discount to share price of €0.60
= -1 x (€0.60 - €2.82) / €2.82
78.8%

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

Current Discount
Amount off the current price Global Ports Holding is available for.
Intrinsic value
>50%
Share price is €0.6 vs Future cash flow value of €2.82
Current Discount Checks
For Global Ports Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Global Ports Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Global Ports Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Global Ports Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Ports Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6P9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.22
LSE:GPH Share Price ** LSE (2020-04-03) in GBP £0.54
LSE:GPH Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.224 $0.66
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 9.88x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Global Ports Holding.

DB:6P9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:GPH Share Price ÷ EPS (both in USD)

= 0.66 ÷ -0.22

-3.01x

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

  • Global Ports Holding is loss making, we can't compare its value to the Europe Infrastructure industry average.
  • Global Ports Holding is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Global Ports Holding's expected growth come at a high price?
Raw Data
DB:6P9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.2x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*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 Global Ports Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Global Ports Holding's assets?
Raw Data
DB:6P9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $1.22
LSE:GPH Share Price * LSE (2020-04-03) in GBP £0.54
LSE:GPH Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.224 $0.66
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.89x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:6P9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:GPH Share Price ÷ Book Value per Share (both in USD)

= 0.66 ÷ 1.22

0.54x

* Primary Listing of Global Ports Holding.

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

  • Global Ports Holding is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Global Ports Holding'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Global Ports Holding has a total score of 3/6, 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.

6P9 Future Performance

 How is Global Ports Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
48.4%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Global Ports Holding expected to grow at an attractive rate?
  • Global Ports Holding's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Global Ports Holding's earnings growth is expected to exceed the Germany market average.
  • Global Ports Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6P9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6P9 Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 48.4%
DB:6P9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.6%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.8%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:6P9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6P9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 192 1
2021-12-31 178 101 2
2020-12-31 166 79 2
2020-04-05
2019-12-31 130 61 1
DB:6P9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 122 19 -14
2019-06-30 123 35 -12
2019-03-31 125 -3
2018-12-31 125 61 1
2018-09-30 123 69 -14
2018-06-30 123 49 -13
2018-03-31 119 50 -19
2017-12-31 116 46 -16
2017-09-30 112 54 -1
2017-06-30 112 51 -4
2017-03-31 115 58 3
2016-12-31 115 61 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Ports Holding's earnings are expected to grow significantly at over 20% yearly.
  • Global Ports Holding's revenue is expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
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:6P9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Global Ports Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.47 0.47 0.47 1.00
2021-12-31 0.35 0.35 0.35 1.00
2020-12-31 0.32 0.32 0.32 1.00
2020-04-05
2019-12-31
DB:6P9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.22
2019-06-30 -0.19
2019-03-31
2018-12-31 0.01
2018-09-30 -0.20
2018-06-30 -0.21
2018-03-31
2017-12-31 -0.26
2017-09-30 -0.01
2017-06-30 -0.09
2017-03-31 0.06
2016-12-31 0.04

*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 Global Ports Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global Ports Holding'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.
Global Ports Holding has a total score of 4/6, 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.

6P9 Past Performance

  How has Global Ports Holding 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 Global Ports Holding's growth in the last year to its industry (Infrastructure).
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.
  • Global Ports Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Global Ports Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Global Ports Holding's 1-year growth to the Europe Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
Global Ports Holding'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 Global Ports Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 121.85 -13.80 18.32
2019-06-30 122.87 -11.76 16.60
2019-03-31 124.91 -3.43 17.29
2018-12-31 124.81 0.77 17.29
2018-09-30 122.94 -13.51 17.00
2018-06-30 123.18 -12.96 21.56
2018-03-31 118.75 -18.87 17.76
2017-12-31 116.37 -15.58 17.67
2017-09-30 112.48 -0.55 15.88
2017-06-30 111.87 -3.98 15.15
2017-03-31 114.58 3.42 15.42
2016-12-31 114.87 2.34 16.23
2016-09-30 123.51 11.13 14.49
2016-06-30 116.35 14.53 13.26
2016-03-31 108.95 9.15 11.54
2015-12-31 105.48 14.16 10.82
2015-09-30 91.53 2.48 8.77
2015-06-30 87.20 16.24 9.37
2015-03-31 78.64 19.23 8.84
2014-12-31 84.84 20.90 9.42
2014-09-30 65.71 56.54 13.48
2013-12-31 66.86 40.73 6.19

*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 Global Ports Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Global Ports Holding used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • It is difficult to establish if Global Ports Holding 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 Global Ports Holding'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 Infrastructure 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.
Global Ports Holding 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.

6P9 Health

 How is Global Ports Holding'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 Global Ports Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Ports Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Global Ports Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Global Ports Holding'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 0.4x 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 Global Ports Holding Company Filings, last reported 6 months ago.

DB:6P9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 176.47 352.38 66.24
2019-06-30 180.56 346.64 58.87
2019-03-31 215.72 347.98 79.90
2018-12-31 215.72 346.07 79.90
2018-09-30
2018-06-30 231.70 353.14 101.70
2018-03-31 209.54 333.43 52.95
2017-12-31 264.73 339.42 114.18
2017-09-30 219.35 356.49 77.85
2017-06-30 204.21 350.73 69.38
2017-03-31 201.41 342.27 53.14
2016-12-31 223.28 336.34 58.91
2016-09-30 255.19 349.58 65.52
2016-06-30 248.36 344.87 59.24
2016-03-31 247.96 356.41 64.77
2015-12-31 277.82 346.28 94.33
2015-09-30 192.70 322.07 45.02
2015-06-30 190.13 321.25 54.44
2015-03-31 185.94 329.35 44.06
2014-12-31 238.37 328.26 59.70
2014-09-30
2013-12-31 210.90 197.57 35.27
  • Global Ports Holding's level of debt (199.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (127.7% vs 199.7% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Global Ports Holding is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Global Ports Holding'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. Global Ports Holding has a total score of 1/6, 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.

6P9 Dividends

 What is Global Ports Holding'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
70.96%
Current annual income from Global Ports Holding dividends. Estimated to be 66.89% next year.
If you bought €2,000 of Global Ports Holding shares you are expected to receive €1,419 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?
  • Global Ports Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.71%).
  • Global Ports Holding's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
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:6P9 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 2 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:6P9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.39 1.00
2021-12-31 0.45 3.00
2020-12-31 0.45 3.00
2020-04-05
2019-12-31 0.39 1.00
DB:6P9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-20 0.469 18.897
2019-04-01 0.515 11.649
2018-08-21 0.544 9.755
2018-04-03 0.510 8.094
2018-03-12 0.558 9.132
2017-11-09 0.566 9.840
2017-10-10 0.564 7.839

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

  • Global Ports Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Global Ports Holding has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Global Ports Holding's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Global Ports Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Global Ports Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global Ports Holding has a total score of 3/6, see the detailed checks below.


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

6P9 Management

 What is the CEO of Global Ports Holding'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
H. Sayin
AGE 52
TENURE AS CEO 3 years
CEO Bio

Mr. H. Emre Sayin has been the Chief Executive Officer at Global Ports Holding Plc (alternative name Global Liman Isletmeleri A.S.) since April 12, 2017. Mr. Sayin has worked as the Chief Business Development Officer of VEON (formerly Vimple Com), Amsterdam and Senior Advisor at Verizon, New York for 3 years. He served as the Chief Officer of Consumer Business Group at Turkcell Iletisim Hizmetleri A.S. from April 19, 2011 to May 2013 and also served as its Chief Consumer Strategic Projects from March 2011 to April 19, 2011, Chief Corporate Business Officer from December 10, 2009 to March 2011, Chief Consumer Sales Officer since July 1, 2008 and Chief Corporate Business Officer until July 2008. He was with Turkcell since 2007 and was responsible for the Corporate Solution Centers. He worked in high-level positions such as Chief Commercial Officer, Consumer and Chief Marketing Officer at Turkcell for seven years. He began his career as Management Expert at Merrill Lynch, Princeton in 1992. In 1993, he joined Unilever and worked in high level positions for eight years in various departments including Marketing and Management of chain stores. Following Unilever, he moved to Microsoft, where he served as the Marketing Deputy General Manager for the subsequent three years. He served as the Marketing and Category Manager of Unilever Turkey from 1992 to 1999. He served as the Chief Marketing Officer of Microsoft Turkey from 1999 to 2002. He served as General Manager of Kodak A.Åž. from 2002 to 2005. He served for Evyap Pazarlama ve Tic A.Åž. as the Deputy Manager in charge of Marketing from 2005 to 2006. He also served as the Chief Marketing Officer at Evyap. He serves as a Director of Mobile Marketing Association, Creuers del Port de Barcelona, VallettaCruise Port PLC, Travel Shopping, Lisbon Cruise, Venezia Investimenti and Finpax. Mr. Sayin is a graduate of Bosphorus University's Department of Industrial Engineering and holds a Master's degree in Systems and Industrial Engineering from Rutgers University and postgraduate degree in Systems Engineering from Princeton University.

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

Average tenure and age of the Global Ports Holding management team in years:

2.6
Average Tenure
52.5
Average Age
  • The tenure for the Global Ports Holding management team is about average.
Management Team

Mehmet Kutman

TITLE
Co-Founder & Chairman
COMPENSATION
$378K
AGE
58

H. Sayin

TITLE
Chief Executive Officer
AGE
52
TENURE
3 yrs

Ferdag Ildir

TITLE
Chief Financial Officer
AGE
53
TENURE
10.3 yrs

Stephen Xuereb

TITLE
Chief Operating Officer
AGE
47
TENURE
4.3 yrs

Jan Fomferra

TITLE
Head of Corporate Finance
TENURE
4.3 yrs

Mark Brown

TITLE
Investor Relations Director
TENURE
2 yrs

Ece Gürsoy

TITLE
Chief Legal Officer
TENURE
2.3 yrs

Hande Dogu

TITLE
Human Resources Director
TENURE
1.8 yrs

Colin Murphy

TITLE
Head of Business Development – Americas

Mert Basar

TITLE
Chief Commercial Officer
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Global Ports Holding board of directors in years:

3
Average Tenure
57
Average Age
  • The tenure for the Global Ports Holding board of directors is about average.
Board of Directors

Mehmet Kutman

TITLE
Co-Founder & Chairman
COMPENSATION
$378K
AGE
58

Aysegül Bensel

TITLE
Vice Chairperson
COMPENSATION
$184K
AGE
55

Jérôme Bernard Jean Bayle

TITLE
Director
COMPENSATION
$120K
AGE
70
TENURE
3 yrs

Peter Mandelson

TITLE
Senior Independent Director
COMPENSATION
$156K
AGE
66
TENURE
3 yrs

Ercan Ergül

TITLE
Non-Executive Director
COMPENSATION
$126K
AGE
51
TENURE
3 yrs

Andy Stuart

TITLE
Non-Executive Director
AGE
56
TENURE
0.1 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 (€)
X
Management checks
We assess Global Ports Holding'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. Global Ports Holding 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.

6P9 News

Simply Wall St News

6P9 Company Info

Description

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy. It operates cruise ports for cruise liners, ferries, yachts, and mega-yachts. The company also engages in the commercial port operations that specialize in container, bulk, and general cargo handling activities; and storage and marine vehicle trade businesses. It operates 16 ports. The company was founded in 2004 and is based in Istanbul, Turkey. Global Ports Holding PLC is a subsidiary of Global Ports Holding B.V.

Details
Name: Global Ports Holding Plc
6P9
Exchange: DB
Founded: 2004
£45,539,211
74,307,399
Website: http://www.globalportsholding.com
Address: Global Ports Holding Plc
Rihtim Caddesi No: 51,
Karaköy,
Istanbul,
34425,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE GPH Ordinary Shares London Stock Exchange GB GBP 12. May 2017
DB 6P9 Ordinary Shares Deutsche Boerse AG DE EUR 12. May 2017
BATS-CHIXE GPHL Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. May 2017
Number of employees
Current staff
Staff numbers
651
Global Ports Holding employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 02:39
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/22
Last earnings filing: 2019/12/12
Last earnings reported: 2019/09/30
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.