Gulf Marine Services PLC

LSE:GMS UK Oil & Gas Equipment & Services
Market Cap
$2.48 Million
GBX20.35 Billion GBX
Market Cap Rank
#43207 Global
#705 in UK
Share Price
GBX17.66
Change (1 day)
-3.18%
52-Week Range
GBX14.70 - GBX24.15
All Time High
GBX78.05
Categories
Companies in UK Oil & Gas Equipment & Services
About

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over … Read more

Gulf Marine Services PLC (GMS) - Net Assets

Latest net assets as of June 2025: GBX406.62 Million GBX

Based on the latest financial reports, Gulf Marine Services PLC (GMS) has net assets worth GBX406.62 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX670.00 Million) and total liabilities (GBX263.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX406.62 Million
% of Total Assets 60.69%
Annual Growth Rate 8.08%
5-Year Change 85.0%
10-Year Change -9.72%
Growth Volatility 30.21

Gulf Marine Services PLC - Net Assets Trend (2011–2024)

This chart illustrates how Gulf Marine Services PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Gulf Marine Services PLC (2011–2024)

The table below shows the annual net assets of Gulf Marine Services PLC from 2011 to 2024.

Year Net Assets Change
2024-12-31 GBX382.70 Million +15.87%
2023-12-31 GBX330.28 Million +14.85%
2022-12-31 GBX287.57 Million +9.47%
2021-12-31 GBX262.71 Million +27.00%
2020-12-31 GBX206.86 Million -37.25%
2019-12-31 GBX329.67 Million -20.76%
2018-12-31 GBX416.06 Million -1.25%
2017-12-31 GBX421.31 Million -5.16%
2016-12-31 GBX444.25 Million +4.80%
2015-12-31 GBX423.90 Million +18.02%
2014-12-31 GBX359.17 Million +94.95%
2013-12-31 GBX184.24 Million -1.46%
2012-12-31 GBX186.96 Million +34.18%
2011-12-31 GBX139.34 Million --

Equity Component Analysis

This analysis shows how different components contribute to Gulf Marine Services PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 247.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX232.68 Million 61.28%
Common Stock GBX31.47 Million 8.29%
Other Comprehensive Income GBX-5.90 Million -1.55%
Other Components GBX121.44 Million 31.98%
Total Equity GBX379.70 Million 100.00%

Gulf Marine Services PLC Competitors by Market Cap

The table below lists competitors of Gulf Marine Services PLC ranked by their market capitalization.

Company Market Cap
Platinum International Fund (Quoted Managed Hedge Fund)
AU:PIXX
 		$29.37K
ORANGE PL (TPA1.SG)
STU:TPA1
 		$29.40K
PORTUCEL
BE:PO9
 		$29.40K
FEMALE HEALTH
BE:FMW
 		$29.41K
RENN Fund Inc
NYSE MKT:RCG
 		$29.35K
Randgold Exploration
JSE:RNG
 		$29.29K
ALTAIR RES INC.
F:90AA
 		$29.27K
AlphaTime Acquisition Corp Warrant
NASDAQ:ATMCW
 		$29.26K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gulf Marine Services PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 327,567,000 to 379,698,000, a change of 52,131,000 (15.9%).
  • Net income of 37,976,000 contributed positively to equity growth.
  • New share issuances of 3,897,000 increased equity.
  • Other comprehensive income decreased equity by 89,999.
  • Other factors increased equity by 10,347,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX37.98 Million +10.0%
Share Issuances GBX3.90 Million +1.03%
Other Comprehensive Income GBX-90.00K -0.02%
Other Changes GBX10.35 Million +2.73%
Total Change GBX- 15.91%

Book Value vs Market Value Analysis

This analysis compares Gulf Marine Services PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 52.13x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 67.46x to 52.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2011-12-31 GBX0.26 GBX17.66 x
2012-12-31 GBX0.35 GBX17.66 x
2013-12-31 GBX0.35 GBX17.66 x
2014-12-31 GBX0.70 GBX17.66 x
2015-12-31 GBX0.80 GBX17.66 x
2016-12-31 GBX0.83 GBX17.66 x
2017-12-31 GBX0.80 GBX17.66 x
2018-12-31 GBX0.78 GBX17.66 x
2019-12-31 GBX0.62 GBX17.66 x
2020-12-31 GBX0.39 GBX17.66 x
2021-12-31 GBX0.37 GBX17.66 x
2022-12-31 GBX0.28 GBX17.66 x
2023-12-31 GBX0.31 GBX17.66 x
2024-12-31 GBX0.34 GBX17.66 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gulf Marine Services PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.00%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 22.67%
  • • Asset Turnover: 0.25x
  • • Equity Multiplier: 1.80x
  • Recent ROE (10.00%) is above the historical average (5.37%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 16.05% 20.74% 0.24x 3.18x GBX8.36 Million
2012 25.80% 33.71% 0.29x 2.68x GBX29.44 Million
2013 37.29% 37.01% 0.31x 3.20x GBX49.91 Million
2014 20.94% 38.19% 0.27x 2.04x GBX39.21 Million
2015 17.67% 34.03% 0.24x 2.18x GBX32.45 Million
2016 6.65% 16.45% 0.19x 2.12x GBX-14.86 Million
2017 -4.41% -16.45% 0.13x 2.06x GBX-60.64 Million
2018 -1.48% -4.97% 0.14x 2.06x GBX-47.60 Million
2019 -26.06% -78.61% 0.14x 2.35x GBX-118.27 Million
2020 -60.59% -121.28% 0.16x 3.19x GBX-144.82 Million
2021 11.89% 26.93% 0.17x 2.59x GBX4.92 Million
2022 8.87% 19.02% 0.20x 2.31x GBX-3.23 Million
2023 12.62% 27.27% 0.23x 2.04x GBX8.59 Million
2024 10.00% 22.67% 0.25x 1.80x GBX6.20K

Industry Comparison

This section compares Gulf Marine Services PLC's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

  • Industry: Oil & Gas Equipment & Services
  • Average net assets among peers: $11,072,685
  • Average return on equity (ROE) among peers: -6.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Gulf Marine Services PLC (GMS) GBX406.62 Million 16.05% 0.65x $29.37K
Ashtead Technology Holdings PLC (AT) $27.66 Million 0.00% 1.14x $43.41K
Chesterfield Special Cylinders Holdings Plc (CSC) $14.11 Million 25.78% 0.40x $2.35K
Getech Group (GTC) $462.00K 38.96% 2.34x $405.88
Enteq Upstream (NTQ) $11.08 Million -19.12% 0.16x $61.89
Pressure Technologies Plc (PRES) $13.31 Million -141.78% 1.64x $1.60K
Tan Delta Systems PLC (TAND) $496.00K 56.95% 1.12x $3.30K
Thalassa Holdings Ltd (THAL) $10.39 Million -9.76% 0.06x $455.97