Great Lakes Dredge & Dock Corp
NASDAQ:GLDD

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Great Lakes Dredge & Dock Corp
NASDAQ:GLDD
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Price: 11.61 USD -0.68%
Market Cap: 780.1m USD
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Intrinsic Value

The intrinsic value of one GLDD stock under the Base Case scenario is 12.75 USD. Compared to the current market price of 11.61 USD, Great Lakes Dredge & Dock Corp is Undervalued by 9%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

GLDD Intrinsic Value
12.75 USD
Undervaluation 9%
Intrinsic Value
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Great Lakes Dredge & Dock Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Great Lakes Dredge & Dock Corp

Current Assets 219.3m
Cash & Short-Term Investments 23.1m
Receivables 126.8m
Other Current Assets 69.3m
Non-Current Assets 908.4m
PP&E 728m
Intangibles 76.6m
Other Non-Current Assets 103.9m
Current Liabilities 165.8m
Accounts Payable 90.4m
Accrued Liabilities 51.9m
Other Current Liabilities 23.4m
Non-Current Liabilities 543.9m
Long-Term Debt 411.5m
Other Non-Current Liabilities 132.4m
Efficiency

Earnings Waterfall
Great Lakes Dredge & Dock Corp

Revenue
667.7m USD
Cost of Revenue
-544.6m USD
Gross Profit
123.1m USD
Operating Expenses
-61.8m USD
Operating Income
61.3m USD
Other Expenses
-17.3m USD
Net Income
44.1m USD

Free Cash Flow Analysis
Great Lakes Dredge & Dock Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Great Lakes Dredge & Dock reported strong second quarter results with net income of $7.7 million and adjusted EBITDA of $25.8 million, supported by robust project performance and disciplined cost control. Revenues increased to $170.1 million, driven by higher capital and coastal protection projects. The company's dredging backlog stands firm at $807.9 million, with a significant portion in capital projects. Looking ahead, the company expects increased utilization and revenue in the third quarter as LNG projects commence. Full-year CapEx guidance has been revised to $130-150 million due to timing shifts in payments.

What is Earnings Call?
Fundamental Scores

GLDD Profitability Score
Profitability Due Diligence

Great Lakes Dredge & Dock Corp's profitability score is 40/100. The higher the profitability score, the more profitable the company is.

Positive 1-Year Revenue Growth
Positive Gross Profit
ROE is Increasing
Positive ROE
40/100
Profitability
Score

Great Lakes Dredge & Dock Corp's profitability score is 40/100. 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 32/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Low D/E
Low Altman Z-Score
32/100
Solvency
Score

Great Lakes Dredge & Dock Corp's solvency score is 32/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

GLDD Price Targets Summary
Great Lakes Dredge & Dock Corp

Wall Street analysts forecast GLDD stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GLDD is 14.28 USD with a low forecast of 13.13 USD and a high forecast of 15.75 USD.

Lowest
Price Target
13.13 USD
13% Upside
Average
Price Target
14.28 USD
23% Upside
Highest
Price Target
15.75 USD
36% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
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Safe
0
25
50
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100
Shareholder Yield

Current shareholder yield for GLDD is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
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Ownership

GLDD Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Great Lakes Dredge & Dock Corp Logo
Great Lakes Dredge & Dock Corp

Country

United States of America

Industry

Construction

Market Cap

780.1m USD

Dividend Yield

0%

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

TEXAS
Houston
9811 Katy Freeway, Suite 1200
+13463591010.0
www.gldd.com

IPO

2006-12-27

Employees

413

Officers

CEO, President & Director
Mr. Lasse J. Petterson
Senior VP & Chief Financial Officer
Mr. Scott Lee Kornblau
Senior Vice President of Project Acquisition & Operations
Mr. David J. Johanson
Senior VP, Chief Legal Officer, Chief Compliance Officer & Corporate Secretary
Ms. Vivienne R. Schiffer
Senior Vice President of Offshore Wind
Ms. Eleni Beyko Ph.D.
Senior Vice President of Project Services & Fleet Engineering
Mr. Christopher G. Gunsten P.E.
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VP & Chief Accounting Officer
Mr. Ryan M. Bayer
VP and CTO of Technology & Innovation
Mr. Trond Ellefsen
Director of Investor Relations
Tina A. Baginskis
Senior Vice President of Fleet Engineering
Mr. Steven W. Becker
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See Also

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What is the Intrinsic Value of one GLDD stock?

The intrinsic value of one GLDD stock under the Base Case scenario is 12.75 USD.

Is GLDD stock undervalued or overvalued?

Compared to the current market price of 11.61 USD, Great Lakes Dredge & Dock Corp is Undervalued by 9%.

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