# Gulf Marine Services PLC (GMS.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Energy / Energy Equipment & Services. Price 18p, market value 210 millionp.

## Valuation
- **P/E (trailing): 18.2×** (5-yr avg 458.7×, 3-yr avg 658.7×). Gulf Marine Services PLC trades at 18.2× trailing earnings, well below its own five-year average of 458.7×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×. Forward P/E is 5.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.4×**. Enterprise value is 2.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 55.3%** (5-yr avg 0.7%). Free cash flow equals 55.3% of the market value, above its five-year average of 0.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Gross margin: 44.5%**. Gulf Marine Services PLC keeps 44.5% of revenue after the direct cost of what it sells.
- **Operating margin: 35.8%**. 35.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 10.0%**. 10.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.6%**. 4.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 15.4%**. Return on all capital, debt included, is 15.4%: comfortably above what that capital costs.
- **Return on assets: 8.1%**. Each dollar of assets produces 8.1% of profit.

## Growth
- **Revenue growth (1 yr): 14.7%** (3-yr 13.0%/yr, 5-yr 13.4%/yr). Revenue grew 14.7% over the last year, against 13.4% a year compounded over five years.
- **EPS growth (1 yr): -50.4%** (3-yr -12.1%/yr). Earnings per share fell 50.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -12.6%/yr**. Free cash flow has compounded at -12.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.51**. Debt is 0.51 times equity, moderate leverage.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.5×**. Operating profit covers interest 3.5× over, a safe margin.
- **Current ratio: 0.69** (quick 0.69). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.82**. A Z-score of 1.82 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Gulf Marine Services PLC does not currently pay a dividend, but it returned -1.3% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover Gulf Marine Services PLC; the consensus is strong_buy, with an average price target of 31p (+70% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -1.2%** (YTD -8.3%, 3-mo -3.6%). The shares are down 1.2% over twelve months including dividends.
- **From 52-week high: -25.1%** (24.1% above the low). Trading 25% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 0.80** (volatility 44%). Beta of 0.80 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GMS.L · Page: https://foliofundamentals.com/stocks/gms.l

Not investment advice.