Added to YB: 2025-10-23
Pitch date: 2025-10-21
GMS.L [bullish]
Gulf Marine Services PLC
-3.75%
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
0.60 (+290%)
Dividend
N/A
EV/EBITDA
4.53
P/E
7.14
EV/Sales
2.53
Sector
Energy Equipment and Services
Category
value
Gulf Marine: Idea #11 of the OB Picks for 26
GMS.L: Advanced self-elevating support vessels, 87% utilization in 1H25 due to one-offs. Adjusting for $9.2M tax charge & lease costs reveals $40.2M annualized profit (5.7x P/E). 105% 2025 backlog coverage, 18.5% operating yield on S-Class vessels. Hidden $79M vessel value uplift. Target 30-60p vs 14.8p current.
Read full article (10 min)