Globus Maritime Limited (GLBS) vs United Maritime Corporation (USEA)

Globus Maritime Limited and United Maritime Corporation are both Marine Shipping companies. Globus Maritime Limited is the larger, with a market value of $75.1M against $28.9M — 2.6× the size. United Maritime Corporation has negative trailing earnings, so its P/E is not meaningful; Globus Maritime Limited trades at 10.4×. Globus Maritime Limited grew revenue faster over the last twelve months: 47.8% against −16.7%. Globus Maritime Limited has the higher net margin (12.7% vs −4.95%) and the higher return on invested capital (3.11% vs 1.72%). Across the 20 metrics below, Globus Maritime Limited leads on 13 and United Maritime Corporation on 7.

Valuation

Metric GLBS USEA Marine Shipping median
P/E 10.42 n/m 6.89
P/S 1.40 0.70 1.92
P/B 0.41 0.47 0.90
Price to free cash flow 6.01 0.43 4.62
EV/EBITDA 5.55 28.53 6.57
EV/Sales 2.83 2.94 2.73
Earnings yield 9.59% (7.56%) 9.59%
Free cash flow yield 16.63% 230.52% 16.76%

Profitability

Metric GLBS USEA Marine Shipping median
Gross margin 63.31% 62.79% 60.61%
Operating margin 24.15% 10.30% 27.74%
Net margin 12.72% (4.95%) 25.21%
Free cash flow margin 23.33% 162.13% 17.29%
Return on equity 3.80% (3.10%) 8.62%
Return on assets 2.23% (1.08%) 5.35%
Return on invested capital 3.11% 1.72% 5.32%

Growth

Metric GLBS USEA Marine Shipping median
Revenue growth (TTM) 47.79% (16.73%) 13.26%
EPS growth (last fiscal year) (500.00%) (84.21%) —
Revenue growth, 5-year CAGR 30.34% 55.74% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GLBS USEA Marine Shipping median
Debt to equity 0.58 1.72 0.52
Current ratio 2.77 0.96 1.63
Net debt to EBITDA 4.88 3.05 2.34

Dividend

Metric GLBS USEA Marine Shipping median
Dividend yield — 11.07% 5.54%
Payout ratio 0.00 — 0.13

Size

Metric GLBS USEA Marine Shipping median
Market cap 75.11m 28.90m 420.73m

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