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Globus Maritime Limited GLBS

Industrials — Marine Shipping
Insider Buys (last 12m)
Insider Buys alert about insiders buying in the last 12 month

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Insider Decisions

Total buys
1.60
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 4 — — 1 — — —
Sell — — — — — — — — — — — —
Insider Ownership
36.71%

Capital & Financial Ratios

Market Cap
84.82
Revenue
52.91
Net Income
6.73
Free Cash Flow
12.35
Net Debt
75.68
Current Ratio
2.77
Debt/Equity
0.58
P/E ratio
11.88
P/S ratio
1.60
P/B ratio
0.47
Past 5Y EPS Growth
—
This Y EPS Growth
787.50%
Next Y EPS Growth
(69.09%)
Next 5Y EPS Growth
(11.54%)
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
—
Annual Dividend Yield
—
total individual payouts
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2018 ‡‡‡
2017 ‡‡‡
2016 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 74.29 47.89 26.70 29.77
Receivables 1.15 1.11 0.65 3.80
Inventory 1.26 1.23 2.22 1.33
Other 0.81 0.44 0.11 —
79.30 53.04 30.97 40.69
2023 2024 2025 Q'26
Payables 0.36 3.59 1.97 2.16
ST’ Debt 6.50 8.81 7.98 7.97
Other — 19.00 — —
9.50 34.58 11.31 14.67
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡ ‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 12.25 14.61 — —
—
’25 8.62 9.54 12.60 13.45
44.21
’24 7.71 9.52 8.95 8.69
34.87
’23 8.58 7.84 7.68 7.11
31.21
’22 18.44 19.14 15.87 8.31
61.76
’21 5.17 6.83 12.76 18.63
43.38
’20 2.29 2.30 3.18 3.98
11.75
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 4.86 5.48 — —
—
’25 0.91 0.26 3.56 6.64
11.37
’24 1.49 6.23 3.03 0.53
11.29
’23 (2.55) (1.67) (1.24) 1.01
(4.45)
’22 10.33 13.86 3.70 (0.98)
26.91
’21 0.44 1.65 5.85 12.82
20.75
’20 (1.98) (1.99) (2.30) (2.78)
(6.24)
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 4.86 5.10 — —
—
’25 9.23 0.26 (0.39) 2.78
11.88
’24 (18.33) (4.60) (32.99) (34.48)
(90.40)
’23 (6.36) 11.92 8.93 (3.11)
11.37
’22 10.31 (7.52) 2.96 (8.22)
(2.48)
’21 (3.89) (22.75) (8.86) (15.71)
(51.22)
’20 (1.98) (1.99) (2.35) (2.78)
(24.80)
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.05 0.19 — —
—
’25 (0.07) (0.09) 0.04 0.05
(0.08)
’24 (0.01) 0.16 (0.03) (0.10)
0.02
’23 0.13 (0.06) 0.17 0.02
0.26
’22 0.59 0.54 0.21 (0.15)
1.18
’21 (0.11) 0.00 0.27 0.64
1.01
’20 (155.00) (39.00) (0.80) (0.96)
(18.11)

Target Price Range

High
‡‡‡‡‡
‡‡‡
Average
‡‡‡‡‡
‡‡‡
Low
‡‡‡‡‡
‡‡‡

Recommendation Rating

1
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 1.03 0.68 1.06 0.99 — — —
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 2.66 3.15 2.72 1.99 — — —
High Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 22 24 25 25 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.81 1.30 1.39 1.77 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 61.76 31.21 34.87 44.21 ‡‡‡‡‡ ‡‡‡‡‡ —
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 62.13% 35.82% 53.69% 53.73% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 24.28 5.27 0.43 (1.75) — — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 39.32% 16.89% 1.24% (3.95%) ‡‡‡ ‡‡‡ —
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 24.28 5.27 0.43 (1.75) ‡‡‡‡‡ ‡‡‡‡‡ —
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.25 8.91 9.74 14.53 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.00 1.52 1.69 2.14 ‡‡‡‡‡ ‡‡‡‡‡ —
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 1.18 0.26 0.02 (0.08) ‡‡‡‡ ‡‡‡‡ —
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.31 (0.22) 0.55 0.55 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.43) 0.77 (4.94) 0.02 ‡‡‡ ‡‡‡ —
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.12) 0.55 (4.39) 0.57 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.29 8.55 8.57 8.51 ‡‡‡‡ — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 20.58 20.58 20.58 20.68 ‡‡‡‡‡ ‡‡‡‡‡ —
Shares
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡‡‡ 0.92 10.15 58.50 0.00 ‡‡‡‡‡ ‡‡‡‡‡ —
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.37 1.74 0.69 0.82 ‡‡‡ ‡‡‡ —
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.13 0.31 0.14 0.21 ‡‡‡ ‡‡‡ —
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.19 1.04 2.70 2.69 ‡‡‡‡ ‡‡‡‡ —
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (4.75) 2.84 (1.04) 9.99 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 26.91 (4.45) 11.29 11.37 ‡‡‡ ‡‡‡ —
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (29.38) 15.83 (101.69) 0.51 — — —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.48) 11.37 (90.40) 11.88 ‡‡‡‡‡ — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 45.43 69.80 18.46 19.66 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 44.33 52.26 118.09 109.25 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (10.89) (22.03) 70.20 82.54 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 170.70 175.97 176.40 175.99 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11.81% 2.31% 0.16% (0.57%) — — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.24% (0.81%) 0.38% 0.57% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 15.31% 3.04% 0.24% (0.99%) — — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Globus Maritime Limited (GLBS), a dry bulk shipping specialist with a modern fleet of Handymax and Supramax vessels, has ridden the industry’s wild cycles—booming in 2021-2022 on sky-high freight rates from supply disruptions and geopolitical tensions, only to face normalization with softening rates, shrinking profits, and rising debt. Revenues exploded to $61.8 million in 2022 before dropping 49% in 2023, rebounding modestly to $34.9 million in 2024 with impressive efficiency (revenue per employee at $1.4 million). Yet, massive equity dilution has crushed EPS from $1.18 to $0.02, while leverage spiked with $118 million in debt amid heavy capex.

Valuation metrics scream bargain: trading at a 0.14x PB ratio against a stable $8.57 book value per share, deep discounts to peers like Genco, and a forward PS of 0.83x. Cash flows turned negative on fleet investments, ROE plummeted to 0.2%, and analysts forecast 2025 losses, but revenue could climb 22% to $42.4 million on potential China demand recovery.

With consensus price targets implying 75% upside, GLBS looks like speculative value for cycle-watchers—resilient efficiency and equity base versus dilution scars and oversupply risks. A BDI rebound could unlock multiples expansion, but monitor debt management and Q1 2026 earnings for the real turnaround signal.

Read full commentary →

Globus Maritime Limited (GLBS) Latest News

News by impact score

Fine-tune

14 Sep

4 Simply Wall St., 10:48 AM
Globus Maritime (NASDAQ:GLBS) shows encouraging signs of improving return on capital employed, breaking into profitability and increasing capital employed. The article highlights significant positive developments in Globus Maritime's financial performance and growth potential.

4 InvestorPlace, 12:58 PM
Globus Maritime Limited (GLBS) is highlighted as an undervalued under-$1 stock to buy in September 2023 along with two other companies. The article discusses potential macroeconomic factors that could significantly impact Globus Maritime's future performance and market sentiment.

3 , 4:05 PM
Globus Maritime Limited receives delivery of 2026-built Ultramax dry bulk vessel Glbs Olympia, expanding fleet to ten vessels. Single vessel addition incrementally boosts fleet capacity and operations without altering company trajectory.

7 Aug

3 , 4:05 PM
Globus Maritime Limited reported financial results for the second quarter and six-month period ended June 30, 2026. Quarterly financial results release supplies performance data that can shift near-term investor views without guaranteeing structural change.

30 Nov

4 Simply Wall St., 8:46 AM
Globus Maritime Limited (GLBS) is showing promising return trends, indicating potential growth in its market performance. The company has been focusing on improving operational efficiency and expanding its fleet, which may enhance its competitive positioning. Analysts are optimistic about the company's strategic initiatives and their impact on future profitability. Significant strategic moves and operational improvements are expected to alter the company's trajectory positively.

19 Sep

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited reported its financial results for the second quarter and six-month period ending June 30, 2025. The company highlighted key metrics including revenue, net income, and operational performance, showcasing its financial health and strategic initiatives during this period. Management provided insights into market conditions and future outlook, emphasizing ongoing efforts to enhance operational efficiency and capitalize on market opportunities. Financial results indicate moderate performance, which may influence investor sentiment and operational strategies.

18 Jun

3 Simply Wall St., 6:06 AM
Globus Maritime Limited (NASDAQ:GLBS) reported a first quarter 2025 revenue of US$8.62 million, a 12% increase from the previous year, but a net loss of US$1.48 million, widening by 396%. The loss per share was US$0.07, deteriorating from US$0.015 in 1Q 2024. Revenue missed analyst estimates by 19%, while EPS exceeded expectations by 22%. Looking ahead, revenue is forecasted to grow 25% annually over the next two years, despite the US shipping industry remaining flat. The company's shares have risen 16% in the past week, but there are two warning signs for potential investors. Revenue growth forecasts contrast with the broader industry's stagnation, indicating a moderately noticeable influence on future performance.

16 Jun

3 , 4:05 PM
Globus Maritime Limited reported its financial results for the quarter ended March 31, 2025, highlighting key metrics such as revenue, net income, and operational performance. The company experienced fluctuations in earnings compared to previous quarters, influenced by market conditions and operational efficiencies. Management provided insights into strategic initiatives aimed at enhancing fleet performance and addressing industry challenges. Overall, the report reflects the company's ongoing efforts to navigate a competitive maritime landscape. Fluctuations in earnings and strategic initiatives may moderately influence financial performance and market positioning.

16 Mar

3 , 9:14 AM
Globus Maritime Limited reported its full year 2024 earnings, which fell short of market expectations. The company's financial performance was impacted by various factors, leading to concerns about its future profitability and operational efficiency. Analysts had anticipated stronger results, but the actual figures revealed challenges that could affect investor sentiment and market positioning. Earnings miss indicates potential challenges in financial performance and market sentiment.

21 Feb

4 , 10:44 AM
Globus Maritime Limited (GLBS) is experiencing an upward trend in its returns on capital, indicating improved efficiency and profitability. The company's strategic initiatives and operational adjustments are contributing to this positive trajectory, which may enhance investor confidence and market performance. Improved returns on capital suggest significant operational enhancements that could positively influence future performance.

30 Dec

3 , 4:05 PM
Globus Maritime Limited (GLBS) announces a sale and bareboat back transaction for its vessel GLBS Magic. The transaction may moderately influence the company's financial performance and competitive positioning.

27 Nov

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited will release financial results for the third and nine months of 2024 on November 29, 2024. The release of financial results may moderately influence key areas such as financial performance and market sentiment.

24 Oct

4 GlobeNewswire, 4:05 PM
Globus Maritime Limited announced agreements to purchase two Kamsarmax scrubber outfitted dry bulk vessels, with a total purchase price of $54 million. The acquisition of two vessels is a significant move that will expand the company's fleet and potentially impact its future performance.

2 Oct

4 GlobeNewswire, 4:05 PM
Globus Maritime Limited announced the delivery of a new Ultramax dry bulk vessel 'Glbs Magic,' expanding their fleet to eight vessels. The acquisition of a new vessel and charter agreement at a favorable rate is a significant move that can impact the company's future performance.

17 Sep

4 Simply Wall St., 6:40 AM
Globus Maritime reported strong second quarter 2024 earnings, with revenue up 22% and net income turning positive. The article highlights significant financial improvements and positive growth forecasts for the company.

12 Sep

4 GlobeNewswire, 4:05 PM
Globus Maritime Limited reported positive financial results for the second quarter and six-month period ended June 30, 2024, with increased revenue, net income, and adjusted EBITDA. The company also provided details on its current fleet profile, recent developments, and financial data. The article discusses significant financial results, fleet expansion, new vessel deliveries, debt financing, and strategic moves that could have a major impact on Globus Maritime Limited's future performance.

4 GlobeNewswire, 4:05 PM
Globus Maritime Limited reports financial results for the second quarter and six-month period ended June 30, 2023. The article discusses significant financial results, new building contracts, debt financing, vessel sales, and Nasdaq compliance issues which could have a profound impact on the company's future and performance.

10 Sep

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited will release financial results for the quarter and six-month period ended June 30, 2024 on September 12, 2024. The financial results release may moderately influence the company's financial performance and market sentiment.

15 Aug

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited announced annual meeting of shareholders to be held on September 12, 2024 in Greece. The annual meeting may have a moderately noticeable influence on the company's operations and financial performance.

9 Jun

3 Simply Wall St., 9:54 AM
Globus Maritime reported a loss of US$0.01 per share in the first quarter of 2024, down from a profit of US$0.035 in 1Q 2023. The financial results and forecasted revenue growth could moderately influence the company's future performance.

7 Jun

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited reported financial results for Q1 2024, including revenue decrease and new vessel delivery. The financial results and new vessel delivery are expected to moderately influence the company's future performance.

5 Jun

3 GlobeNewswire, 4:08 PM
Globus Maritime Limited to release first quarter 2024 financial results on June 7th. The release of financial results may moderately influence market sentiment and financial performance.

25 Jan

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited acquires a new Ultramax dry bulk vessel 'Glbs Hero' for $37.5 million, expanding fleet to seven vessels. The acquisition of a new vessel may moderately influence the company's financial performance and competitive positioning.

4 Dec

4 Simply Wall St., 5:52 AM
Globus Maritime Limited (GLBS) shareholders saw a 109% return over 1 year despite shrinking earnings. The significant impact on future and performance due to the recent stock price increase and financial results.

16 Nov

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited reported financial results for Q3 and 9M 2023, showing a decrease in revenue and net income compared to the same periods in 2022. The financial results may moderately impact the company's future performance and market sentiment.

13 Nov

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited to release Q3 and 9M 2023 financial results on November 16, 2023. The financial results release may moderately influence the company's financial performance and market sentiment.

21 Sep

3 GlobeNewswire, 4:05 PM
Globus Maritime Limited announced results of annual meeting of shareholders. Approval of key proposals may moderately influence company's future operations and market performance.

11 Sep

3 GlobeNewswire, 9:00 AM
Globus Maritime Limited to release Q2 and first half 2023 financial results on September 12, 2023. The financial results release may moderately influence the company's financial performance and market sentiment.

30 Aug

4 Simply Wall St., 6:01 AM
Analyst downgrades revenue forecasts for Globus Maritime Limited, predicting a 46% decline in sales and a shift to loss-making territory in 2023. The significant revenue decline and shift to loss-making territory are expected to have a major impact on the company's future performance.

23 Aug

4 GlobeNewswire, 4:05 PM
Globus Maritime Limited signs agreements for two fuel-efficient bulk carriers. The acquisition of new vessels is a significant strategic move that can impact the company's future performance and competitive positioning.
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