Globus Maritime Ltd. (GLBS) intrinsic value & 10-year financials
Globus Maritime Ltd. (GLBS) has a Graham intrinsic value of $0.66 per share. Over the last 10 fiscal years revenue grew 19.3% a year to $44.2M, with an average return on invested capital of -8.1%.
- Graham intrinsic value
- $0.66
- Revenue (FY2025)
- $44.2M
- Revenue growth (10-yr CAGR)
- 19.3%
- ROIC (10-yr avg)
- -8.1%
- Free cash flow (FY2025)
- —
GLBS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $44.2M | -$1.7M | -$0.08 | — | 10.2% | -0.9% |
| FY2024 | $34.9M | $431.0K | $0.02 | -$93.8M | 9.7% | 0.2% |
| FY2023 | $31.2M | $5.3M | $0.26 | — | 20.1% | 3.3% |
| FY2022 | $61.8M | $24.3M | $1.18 | — | 38.3% | 16.5% |
| FY2021 | $43.4M | $14.9M | $1.01 | $20.4M | 41.4% | 15.5% |
| FY2020 | $11.8M | -$17.4M | -$0.00 | -$6.3M | -97.2% | -33.1% |
| FY2019 | $15.6M | -$36.4M | -$0.06 | $159.0K | -215.4% | -59.0% |
| FY2018 | $17.4M | -$3.6M | — | $3.8M | -8.3% | -4.4% |
| FY2017 | $14.4M | -$6.5M | — | $386.0K | -27.8% | -7.7% |
| FY2016 | $9.0M | -$9.8M | — | — | -80.2% | -11.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GLOBUS MARITIME LTD is a consistent compounder, expanding top-line revenue at 19.3% annually over the past decade.
GLOBUS MARITIME LTD has historically struggled to out-earn its cost of capital, averaging just -8.1% ROIC.
Over the decade, GLOBUS MARITIME LTD shows that management has aggressively returned capital to shareholders by retiring 94.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GLOBUS MARITIME LTD is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.66 per share.