Gulf Marine Services (GMS)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE Small Cap

16.80p
   
  • Change Today:
    -0.25p
  • 52 Week High: 24.60
  • 52 Week Low: 12.05
  • Currency: UK Pounds
  • Shares Issued: 1,069.95m
  • Volume: 1,215,453
  • Market Cap: £179.75m
  • Beta: 0.80

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Total Dividendn/an/an/an/a1.61p
For more dividend details, click here

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 151.60 133.16 115.13 102.49 108.72
Operating Profit/(Loss) 88.19 47.32 48.35 (73.74) (49.72)
Net Interest (31.21) (17.65) (14.45) (46.72) (32.05)
Profit Before Tax 44.93 27.13 32.93 (125.02) (81.77)
Profit After Tax 42.07 25.40 31.22 (124.30) (85.47)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 42.07 25.40 31.22 (124.30) (85.47)
Attributable to:          
Equity Holders of Parent Company 41.34 25.33 31.00 (124.34) (85.78)
Minority Interests 0.73 0.08 0.22 0.04 0.31
           
Continuing EPS          
Earnings per Share - Basic 4.07¢ 2.49¢ 4.48¢ (23.48¢) (15.16¢)
Earnings per Share - Diluted 3.92¢ 2.47¢ 4.46¢ (23.48¢) (15.16¢)
Earnings per Share - Adjusted 0.89¢ 1.73¢ 4.48¢ (2.90¢) (15.16¢)
Continuing and Discontinued EPS          
Earnings per Share - Basic 4.07¢ 2.49¢ 4.48¢ (23.48¢) (15.16¢)
Earnings per Share - Diluted 3.92¢ 2.47¢ 4.46¢ (23.48¢) (15.16¢)
Earnings per Share - Adjusted 0.89¢ 1.73¢ 4.48¢ (2.90¢) (15.16¢)
           
Dividend per Share n/a n/a n/a n/a n/a
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 609.76 596.33 608.41 608.42 716.88
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 11.20 8.93 8.80 10.39 5.45
  620.96 605.26 617.21 618.81 722.33
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 38.70 40.90 48.92 31.83 39.19
Cash at Bank & in Hand 8.67 12.27 8.27 3.80 8.40
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a 0.39 n/a n/a 0.30
  47.37 53.56 57.19 35.63 47.89
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 668.33 658.82 674.40 654.44 770.22
           
Liabilities          
Current Liabilities          
Borrowings 43.12 31.84 27.91 32.79 400.46
Other Current Liabilities 56.36 37.50 25.12 28.18 37.81
  99.48 69.34 53.04 60.97 438.27
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 236.17 299.76 354.54 380.58 n/a
Provisions 2.39 2.14 2.32 2.19 2.28
Other Non-Current Liabilities n/a n/a 1.79 3.84 n/a
  238.57 301.90 358.65 386.61 2.28
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 338.05 371.24 411.69 447.58 440.55
           
Net Assets 330.28 287.57 262.71 206.86 329.67
           
Capital & Reserves          
Share Capital 30.12 30.12 76.56 58.06 58.06
Share Premium Account 99.11 99.11 99.11 93.08 93.08
Other Reserves 3.64 6.65 (39.26) (39.35) (40.85)
Retained Earnings 194.70 149.71 124.39 93.39 217.72
Shareholders Funds 327.57 285.59 260.80 205.17 328.00
           
Minority Interests/Other Equity 2.71 1.99 1.91 1.69 1.66
Total Equity 330.28 287.57 262.71 206.86 329.67
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 94.40 82.57 40.51 44.27 51.34
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (12.79) (6.30) (11.50) (12.35) (9.42)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (85.22) (72.26) (24.54) (36.52) (44.56)
Net Increase/Decrease In Cash (3.61) 4.00 4.47 (4.61) (2.64)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 20.5 3.4 1.6 n/a n/a
PEG - Adjusted n/a n/a n/a n/a n/a
Earnings per Share Growth - Adjusted -49% -61% n/a n/a n/a
Dividend Cover n/a n/a n/a n/a n/a
Revenue per Share 14.17¢ 12.45¢ 0.11¢ 9.58¢ 10.16¢
Pre-Tax Profit per Share 4.20¢ 2.54¢ 0.031¢ (11.69¢) (7.64¢)
Operating Margin 58.17% 35.54% 42.00% (71.95%) (45.73%)
Return on Capital Employed 12.44% 7.21% 0.07% n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 20.5 3.4 160.3 n/a n/a
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted -49% 3,726% n/a n/a n/a
Dividend Cover n/a n/a n/a n/a n/a
           
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Dividend per Share Growth n/a n/a n/a n/a n/a
Operating Cash Flow per Share 8.82¢ 7.72¢ 3.79¢ 4.14¢ 4.80¢
Cash Incr/Decr per Share (0.34¢) 0.37¢ n/a (0.43¢) (0.25¢)
Net Asset Value per Share (exc. Intangibles) 30.87¢ 26.88¢ 24.55¢ 19.33¢ 30.81¢
Net Gearing 82.62% 111.82% 143.48% 199.63% 119.53%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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