Added to YB: 2025-06-02
Pitch date: 2025-05-30
GMS.L [neutral]
Gulf Marine Services PLC
-21.83%
current return
Author Info
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Company Info
Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.
Market Cap
GBP 252.9M
Pitch Price
GBP 0.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.53
P/E
7.14
EV/Sales
2.53
Sector
Energy Equipment and Services
Category
value
GMS - I vish to see the nuclear wessels
GMS.L pass: Offshore vessel operator facing limited upside at 19.38p. 14 self-elevating vessels (avg 9yr age) servicing O&G/renewables. 80% utilization forecast yields just 3.8% annual return over 26yr remaining life. Vulnerable to triple threat: falling utilization, reduced day rates, vessel impairments - as seen in 2019-20. Oil price/wind growth uncertainty.
Read full article (4 min)