Great Lakes Financials

GLDD Stock  USD 12.63  0.11  0.88%   
Based on the key indicators related to Great Lakes' liquidity, profitability, solvency, and operating efficiency, Great Lakes Dredge may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. At present, Great Lakes' Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 86.7 M, whereas Total Current Liabilities is forecasted to decline to about 146.3 M. Key indicators impacting Great Lakes' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.311.0688
Fairly Up
Slightly volatile
Current Ratio1.21.2613
Notably Down
Slightly volatile
The financial analysis of Great Lakes is a critical element in measuring its lifeblood. Investors should not minimize Great Lakes' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

7.99 Million

  
Understanding current and past Great Lakes Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Great Lakes' financial statements are interrelated, with each one affecting the others. For example, an increase in Great Lakes' assets may result in an increase in income on the income statement.

Great Lakes Earnings Geography

Please note, the presentation of Great Lakes' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Great Lakes' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Great Lakes' management manipulating its earnings.

Great Lakes Stock Summary

Great Lakes competes with Primoris Services, Granite Construction, MYR, Southland Holdings, and Construction Partners. Great Lakes Dredge Dock Corporation provides dredging services in the United States. Great Lakes Dredge Dock Corporation was founded in 1890 and is headquartered in Houston, Texas. Great Lakes operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 421 people.
Specialization
Industrials, Engineering & Construction
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3906071093
CUSIP390607109
LocationIllinois; U.S.A
Business Address9811 Katy Freeway,
SectorConstruction & Engineering
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.gldd.com
Phone346 359 1010
CurrencyUSD - US Dollar

Great Lakes Key Financial Ratios

Great Lakes Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets897.6M958.0M997.7M981.8M1.1B743.3M
Other Current Liab51.2M50.7M18.0M1.2M34.4M52.9M
Other Liab40.2M111.3M123.0M66.7M76.7M80.5M
Accounts Payable76.1M71.3M85.6M94.1M83.8M86.7M
Cash187.0M216.5M145.5M6.5M22.8M45.5M
Other Assets73.1M595.3M670.2M88.7M1.00.95
Long Term Debt322.8M323.7M321.0M321.5M412.1M299.2M
Inventory30.2M34.7M30.8M29.2M33.9M34.2M
Other Current Assets39.7M40.4M28.4M36.3M46.0M58.4M
Total Liab618.2M611.4M598.7M613.6M725.3M519.9M
Net Debt208.3M172.6M238.2M406.9M480.4M504.4M
Total Current Assets300.7M362.7M327.4M182.8M226.3M235.1M
Retained Earnings(23.1M)40.9M90.4M56.3M70.2M73.7M
Short Term Debt21.4M19.5M33.5M53.7M29.7M31.2M
Net Receivables42.3M71.1M122.8M110.8M123.5M108.6M
Net Tangible Assets202.8M270.1M399.0M291.6M335.4M224.8M
Long Term Debt Total322.8M323.7M321.0M321.5M369.7M357.7M
Capital Surpluse302.2M304.8M308.5M312.1M358.9M318.5M

Great Lakes Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense27.5M26.6M21.6M14.1M12.1M14.8M
Total Revenue711.5M733.6M726.1M648.8M589.6M652.8M
Gross Profit153.8M171.2M145.3M31.2M75.3M60.5M
Operating Income57.8M71.4M41.1M(19.9M)28.2M33.0M
Cost Of Revenue557.8M562.4M580.9M617.6M514.3M557.4M
Income Before Tax70.9M86.3M62.8M(43.4M)18.3M16.6M
Net Income49.3M66.1M49.4M(34.1M)13.9M8.0M
Income Tax Expense15.3M20.2M13.4M(9.4M)4.4M2.4M
Ebit57.8M112.9M84.4M(29.3M)30.5M32.0M
Ebitda95.0M151.1M127.4M17.0M73.0M76.6M
Tax Provision15.3M20.2M13.4M(9.4M)(10.2M)(9.7M)
Net Interest Income(27.5M)(26.6M)(21.6M)(14.1M)(12.4M)(13.1M)

Great Lakes Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(1.9M)(2.4M)(2.7M)(14.3M)(11M)(10.5M)
Capital Expenditures49.4M47.6M116.7M143.0M150.8M158.4M
Net Income55.7M66.1M49.4M(34.1M)13.9M12.5M
Change In Cash152.5M29.5M(69.1M)(140.9M)17.2M18.1M
Free Cash Flow143.1M31.3M(67.7M)(141.4M)(103.4M)(98.2M)
Depreciation37.1M38.2M43.0M46.3M42.5M43.3M
Other Non Cash Items(5.4M)40K2.1M9.1M480K504K
End Period Cash Flow187.0M216.5M147.5M6.5M23.8M47.3M
Change Receivables45.0M(19.2M)(44.0M)38.1M43.8M46.0M
Net Borrowings(83.8M)(13.9M)(4.4M)(981K)(882.9K)(838.8K)
Change To Netincome7.6M25.7M17.2M2.8M3.2M3.4M
Investments(25.8M)(43.2M)(112.2M)(140.9M)(137.4M)(130.5M)

Great Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Great Lakes's current stock value. Our valuation model uses many indicators to compare Great Lakes value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Great Lakes competition to find correlations between indicators driving Great Lakes's intrinsic value. More Info.
Great Lakes Dredge is rated # 4 in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.32  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Great Lakes Dredge is roughly  3.11 . At present, Great Lakes' Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Great Lakes by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Great Lakes Dredge Systematic Risk

Great Lakes' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Great Lakes volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Great Lakes Dredge correlated with the market. If Beta is less than 0 Great Lakes generally moves in the opposite direction as compared to the market. If Great Lakes Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Great Lakes Dredge is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Great Lakes is generally in the same direction as the market. If Beta > 1 Great Lakes moves generally in the same direction as, but more than the movement of the benchmark.

Great Lakes Thematic Clasifications

Great Lakes Dredge is part of several thematic ideas from Construction to Military Industrial. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Great Lakes Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Great Lakes' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Great Lakes growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.25)

At present, Great Lakes' Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Great Lakes December 1, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Great Lakes help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Great Lakes Dredge. We use our internally-developed statistical techniques to arrive at the intrinsic value of Great Lakes Dredge based on widely used predictive technical indicators. In general, we focus on analyzing Great Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Great Lakes's daily price indicators and compare them against related drivers.

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When running Great Lakes' price analysis, check to measure Great Lakes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Great Lakes is operating at the current time. Most of Great Lakes' value examination focuses on studying past and present price action to predict the probability of Great Lakes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Lakes' price. Additionally, you may evaluate how the addition of Great Lakes to your portfolios can decrease your overall portfolio volatility.
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