Great Lakes Dredge & Dock Corp
NASDAQ:GLDD
Intrinsic Value
Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. [ Read More ]
The intrinsic value of one GLDD stock under the Base Case scenario is 8.9 USD. Compared to the current market price of 8.75 USD, Great Lakes Dredge & Dock Corp is Undervalued by 2%.
Valuation Backtest
Great Lakes Dredge & Dock Corp
Run backtest to discover the historical profit from buying and selling GLDD stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Strong Q4 Caps Year of Positive Transition
2023-Q4 Earnings Call
In 2023, after a year of positive change and a backdrop of robust bidding activity in port deepening and coastal protection markets, the company notched a record backlog of $1.04 billion. The implemented cost-reduction initiatives and modernized fleet contributed to substantial improvements in financial results—$181.7 million in Q4 revenue with a 21.3% gross profit margin. Despite a decrease in annual revenue, net income and adjusted EBITDA significantly rose due to better project performance and operational efficiencies. Looking ahead to 2024, about 60% of the backlog is expected to translate into revenue, with capital expenditures forecasted between $170 million and $195 million. The company is well-positioned in the thriving U.S. dredging market and the offshore wind sector, optimistic about continued growth due to strong market demand and bipartisan government support for infrastructure development.
Balance Sheet Decomposition
Great Lakes Dredge & Dock Corp
Current Assets | 226.3m |
Cash & Short-Term Investments | 22.8m |
Receivables | 123.5m |
Other Current Assets | 79.9m |
Non-Current Assets | 884.5m |
PP&E | 703m |
Intangibles | 76.6m |
Other Non-Current Assets | 104.9m |
Current Liabilities | 179.4m |
Accounts Payable | 83.8m |
Accrued Liabilities | 61.2m |
Other Current Liabilities | 34.4m |
Non-Current Liabilities | 545.8m |
Long-Term Debt | 412.1m |
Other Non-Current Liabilities | 133.8m |
Earnings Waterfall
Great Lakes Dredge & Dock Corp
Revenue
|
589.6m
USD
|
Cost of Revenue
|
-511.9m
USD
|
Gross Profit
|
77.7m
USD
|
Operating Expenses
|
-57.1m
USD
|
Operating Income
|
20.7m
USD
|
Other Expenses
|
-6.8m
USD
|
Net Income
|
13.9m
USD
|
Free Cash Flow Analysis
Great Lakes Dredge & Dock Corp
What is Free Cash Flow?
GLDD Profitability Score
Profitability Due Diligence
Great Lakes Dredge & Dock Corp's profitability score is 35/100. The higher the profitability score, the more profitable the company is.
Score
Great Lakes Dredge & Dock Corp's profitability score is 35/100. The higher the profitability score, the more profitable the company is.
GLDD Solvency Score
Solvency Due Diligence
Great Lakes Dredge & Dock Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Score
Great Lakes Dredge & Dock Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
GLDD Price Targets Summary
Great Lakes Dredge & Dock Corp
According to Wall Street analysts, the average 1-year price target for GLDD is 13.26 USD with a low forecast of 11.11 USD and a high forecast of 14.7 USD.
Ownership
GLDD Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
GLDD Price
Great Lakes Dredge & Dock Corp
Average Annual Return | 0.46% |
Standard Deviation of Annual Returns | 43.85% |
Max Drawdown | -70% |
Market Capitalization | 583m USD |
Shares Outstanding | 66 623 200 |
Percentage of Shares Shorted | 2.13% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. The company is headquartered in Houston, Texas and currently employs 413 full-time employees. The company went IPO on 2006-12-27. The firm provides dredging services in the East and Gulf Coasts of the United States and around the world. Its dredging generally involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Domestically, its work generally is performed in coastal waterways and deep-water ports. Its United States dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers and lakes. The company operates three principal types of dredging equipment: hopper dredges, hydraulic dredges and mechanical dredges. Its domestic dredging fleet is positioned on the East and Gulf Coasts, with a smaller number of vessels positioned on the West Coast, and with many of the rivers and lakes dredges on inland rivers and lakes.
Contact
IPO
Employees
Officers
The intrinsic value of one GLDD stock under the Base Case scenario is 8.9 USD.
Compared to the current market price of 8.75 USD, Great Lakes Dredge & Dock Corp is Undervalued by 2%.