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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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| 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 |
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 |
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.
| 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 |
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