Added to YB: 2025-09-18
Pitch date: 2025-09-17
GMS.L [neutral]
Gulf Marine Services PLC
-6.44%
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 0.16
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
N/A
Zee mystery of zee GMS Wessels
GMS.L: Pass. Despite day rates up 19-29% and 90% 2H25 backlog, concerned about expansion plan adding 1 vessel/year for 5yrs. $6.34M 'new' vessel purchase & strategy to double EBITDA (not EBIT) spooks given O&G floaters down 15% since Jan'24. Utilization dropped, warrants diluted 3%.
Read full article (6 min)