Dashboard
1
Poor Management Efficiency with a low ROCE of 7.08%
- The company has been able to generate a Return on Capital Employed (avg) of 7.08% signifying low profitability per unit of total capital (equity and debt)
2
High Debt Company with a Debt to Equity ratio (avg) at times
3
The company has declared Positive results for the last 3 consecutive quarters
4
With ROE of 8.90%, it has a attractive valuation with a 0.59 Price to Book Value
5
Underperformed the market in the last 1 year
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-3.27%
0%
-3.27%
6 Months
3.64%
0%
3.64%
1 Year
-14.88%
0%
-14.88%
2 Years
208.7%
0%
208.7%
3 Years
135.4%
0%
135.4%
4 Years
368.04%
0%
368.04%
5 Years
74.81%
0%
74.81%
Gulf Marine Services PLC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
10.32%
EBIT Growth (5y)
20.67%
EBIT to Interest (avg)
1.74
Debt to EBITDA (avg)
4.82
Net Debt to Equity (avg)
0.53
Sales to Capital Employed (avg)
0.23
Tax Ratio
11.46%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
7.08%
ROE (avg)
5.65%
Valuation key factors
Factor
Value
P/E Ratio
7
Industry P/E
Price to Book Value
0.59
EV to EBIT
5.58
EV to EBITDA
3.55
EV to Capital Employed
0.72
EV to Sales
2.29
PEG Ratio
0.23
Dividend Yield
NA
ROCE (Latest)
12.86%
ROE (Latest)
8.90%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
122.00
108.10
12.86%
Operating Profit (PBDIT) excl Other Income
69.90
58.00
20.52%
Interest
25.00
15.00
66.67%
Exceptional Items
17.70
5.00
254.00%
Consolidate Net Profit
33.80
20.60
64.08%
Operating Profit Margin (Excl OI)
361.20%
296.90%
6.43%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 12.86% vs 29.15% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is 64.08% vs -9.25% in Dec 2022
About Gulf Marine Services PLC 
Gulf Marine Services PLC
Oil
Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. The Company constructs and maintains its vessels in Abu Dhabi. The vessels are capable of operations in the Middle East, South East Asia, West Africa and Europe. It operates through three segments: Small Class vessels, which include the Naashi, Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, Kinoa and Pepper vessels; Mid-Size Class vessels, which include the Shamal and Scirocco vessels; Large Class vessels, which include the Endeavour, Endurance and Enterprise vessels, and Other vessels, which include over two legacy non-SESV vessels and an accommodation barge (Khawla), which do not form part of the Small, Mid-Size or Large Class vessels segments.
Company Coordinates 
Company Details
Mussafah Base, P.O.Box 46046 ABU DHABI None : None
Registrar Details






