Added to YB: 2026-01-05
Pitch date: 2025-12-28
GMS.L [bullish]
Gulf Marine Services PLC
+0.64%
current return
Author Info
No bio for this author
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 302.4M
Pitch Price
GBP 0.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.04
P/E
8.54
EV/Sales
2.81
Sector
Energy Equipment and Services
Category
growth
Going Offshore (Again)? - Gulf Marine Services
GMS.L: SESV operator w/ 14 vessels (13yr avg age) in Middle East oil/gas markets. 88% utilization, $36k/day rates, $540m backlog (2.9x revenue). 4.5x EV/EBITDA, 57% EBITDA margins, deleveraged from 8.1x to 1.6x net debt. Plans 20-30% payout starting 2026. Benefits from Saudi/Qatar/UAE gas expansion.
Read full article (4 min)