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Gulf Marine Services PLC

Company price
18.32 GBX 0.10 ( 0.55%)
Last update at 2026-10-27T16:35:00Z
VOLUME
2897024
Market Cap
230.43M
P/E
10.00

Momentum Score

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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. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry. It is also involved in the marine contracting and general investment activities; operation of offshore barges; and ownership of barges. Gulf Marine Services PLC was founded in 1977 and is based in Abu Dhabi, the United Arab Emirates.

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Day Price Range
18.02
Low
18.92
High
52 Week Price Range
14.66
Low
24.30
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
18.22
Dividend Yield
-
Revenue TTM
173.84M
Revenue Per Share
0.16
Gross Profit TTM
78.88M
Debt / Equity
0.63
ROE
9.19%
Net Debt
200.38M
ROCE
11.20%
Diluted EPS TTM
0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax 43.18M 44.93M 27.13M 32.93M -123.02M
Minority interest -0.28M -0.73M -0.08M -0.22M 1.69M
Net income 37.98M 41.34M 25.33M 31.00M -124.30M
Selling general administrative 17.03M 14.64M 13.21M 12.27M 12.63M
Selling and marketing expenses - 0.21M - - -
Gross profit 89.64M 69.62M 60.53M 60.63M -55.53M
Reconciled depreciation 36.16M 32.17M 31.94M 30.73M 31.45M
Ebit 65.25M 74.63M 47.32M 48.35M -73.74M
Ebitda 101.41M 106.80M 78.15M 78.12M -37.43M
Depreciation and amortization 36.16M 32.17M 30.83M 29.77M 36.32M
Operating income 72.61M 88.19M 47.32M 48.35M -73.74M
Other operating expenses 94.89M 63.41M 85.83M 66.77M 170.65M
Interest expense 22.07M 29.82M 17.40M 14.46M 46.74M
Tax provision 4.92M 2.86M 1.72M 1.71M 1.28M
Interest income 0.09M 0.22M 0.01M 0.01M 0.01M
Net interest income -23.43M -30.87M -18.44M -14.45M -46.73M
Income tax expense 4.92M 2.86M 1.72M 1.71M 1.28M
Total revenue 167.49M 151.60M 133.16M 115.13M 102.49M
Total operating expenses 17.03M -18.58M 13.21M 12.27M 12.63M
Cost of revenue 77.86M 81.99M 72.62M 54.50M 158.02M
Total other income expense net -29.43M -43.26M -20.20M -15.43M -49.27M
Net income from continuing ops 38.26M 42.07M 25.40M 31.22M -124.30M
Net income applicable to common shares - - 25.33M 31.00M -124.34M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 683.14M 668.33M 658.82M 674.40M 654.44M
Other current assets 4.99M 5.35M 0.39M 48.92M 31.83M
Total liab 300.44M 338.05M 371.25M 411.69M 447.58M
Total stockholder equity 379.70M 327.57M 285.59M 260.80M 205.17M
Deferred long term liab - - 8.93M 8.80M 10.39M
Other current liab 27.93M 35.72M 24.88M 5.67M 4.81M
Common stock 31.47M 30.12M 30.12M 30.12M 58.06M
Capital stock 31.47M 30.12M 30.12M 30.12M 58.06M
Retained earnings 232.68M 194.70M 149.71M 124.39M 93.39M
Other liab - - 2.14M 2.32M 2.19M
Other assets - - 8.93M 8.80M 10.39M
Cash 40.01M 8.67M 12.28M 8.27M 3.80M
Total current liabilities 100.52M 99.48M 69.34M 53.04M 60.97M
Current deferred revenue - -1.62M - - -
Net debt 200.38M 270.63M 319.33M 374.18M 409.57M
Short term debt 43.10M 43.12M 31.84M 27.91M 32.79M
Short long term debt 39.60M 41.50M 30.00M 26.10M 31.05M
Short long term debt total 240.38M 279.30M 331.61M 382.45M 413.37M
Other stockholder equity 115.55M 108.28M 105.76M 106.29M 53.73M
Property plant equipment - - 596.33M 608.41M 608.42M
Total current assets 74.81M 47.37M 53.56M 57.19M 35.63M
Net tangible assets - - 285.59M 260.80M 205.17M
Short term investments 0.06M 0.05M - - -
Net receivables 29.81M 33.30M 33.18M 48.92M 31.83M
Long term debt 196.43M 234.44M 298.08M 353.43M 379.01M
Inventory - 0.05M - - -
Accounts payable 18.77M 13.21M 12.62M 19.45M 23.37M
Accumulated other comprehensive income -5.90M -5.81M - - -350.73M
Common stock total equity - - - - 58.06M
Non currrent assets other - 11.20M - - -
Non current assets total 608.33M 620.96M 605.26M 617.21M 618.81M
Capital lease obligations 4.36M 3.36M 3.52M 2.92M 3.31M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -8.77M -12.79M -6.30M -11.50M -12.35M
Change to liabilities - - 5.00M -4.85M -3.77M
Total cashflows from investing activities -8.77M -12.79M -6.30M -11.50M -12.35M
Net borrowings -34.75M -54.17M -53.97M -31.32M 7.55M
Total cash from financing activities -63.45M -85.22M -72.26M -24.54M -36.52M
Net income 38.26M 42.07M 25.40M 31.22M -124.30M
Change in cash 31.34M -3.61M 4.00M 4.47M -4.61M
Begin period cash flow 8.67M 12.28M 8.27M 3.80M 8.40M
End period cash flow 40.01M 8.67M 12.28M 8.27M 3.80M
Total cash from operating activities 103.56M 94.40M 82.56M 40.51M 44.27M
Issuance of capital stock 3.90M 0.00M 0.06M 27.76M -
Depreciation 36.16M 32.17M 31.94M 30.73M 31.45M
Other cashflows from investing activities -5.98M -9.33M -2.96M -3.60M -7.58M
Dividends paid - - - - 0.65M
Change to account receivables 1.89M 2.00M 5.61M -17.09M 4.87M
Other cashflows from financing activities -32.60M -25.72M -20.75M -21.32M -4.55M
Change to netincome - - 14.68M 0.72M 136.06M
Capital expenditures 8.86M 13.01M 6.32M 11.51M 13.22M
Change in working capital 4.84M 10.14M 10.62M -21.94M 1.10M
Stock based compensation - 0.02M 0.04M -0.02M 0.17M
Other non cash items 24.30M 10.00M 14.56M 14.43M 46.47M
Free cash flow 94.70M 81.39M 76.25M 29.00M 31.05M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Equipment & Services

Stock Name
Change
(GBX)
Price
(GBX)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
GMS
Gulf Marine Services PLC
0.10
0.55%
18.32 10.00 5.70 1.33 0.71 2.71 4.37
HTG
Hunting PLC
11.50
2.78%
425.50 27.72 15.43 0.72 1.09 0.91 7.65
AT
Ashtead Technology Holdings PLC
-
-%
607.00 11.32 9.11 1.79 2.21 2.25 5.69
TAND
Tan Delta Systems PLC
-2.50
11.11%
20.00 - - 21.28 7.67 19.46 -
CSC
Chesterfield Special Cylinders Holdings Plc
-0.50
1.39%
35.50 - 10.11 1.08 1.66 0.98 265.77

Profile*

Gulf Marine Services PLC

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. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry. It is also involved in the marine contracting and general investment activities; operation of offshore barges; and ownership of barges. Gulf Marine Services PLC was founded in 1977 and is based in Abu Dhabi, the United Arab Emirates.

P.O. Box 46046, Abu Dhabi, United Arab Emirates

971 2 5028 888

727

Name Title Year Born
Mr. Mansour Al Alami Exec. Chairman & CEO NA
Mr. Alex Aclimandos Chief Financial Officer NA
Mr. Mark Harvey Chief Operating Officer NA
Ms. Anne Toomey Investor Relations Mang. NA
Tony Hunter Company Sec. NA
Mr. Mansour Al Alami Executive Chairman of the Board & CEO NA
Mr. Chris Wild Operations Director NA
Mr. Gilberto Andara Head of HSE & Quality NA
Ms. Shradha Ah-Ahuja Chief Shared Services Officer NA
Mr. Jamie Taylor Chief Commercial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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