Braemar Shipping Services (BMS)

Business description

Braemar Shipping Services is a leading global shipping services group with interests ranging from shipbroking to the supply of specialist technical and logistics support to various parties involved in the transport of goods by sea and in the energy sector.

Stock data

Market cap.£91.9m
Last close300.00p
High / Low (52 weeks)324.8p / 234.8p
Stock market listingLN
Forecast net cash (£m)5.9
Forecast gearing ratio (%)N/A
SectorIndustrial Support Services

Price performance

Relative *0.5(1.3)(12.9)

* % Relative to local index

Other companies in sector Show

Company news

Braemar Shipping Services PLC reiterated as Hold By Cantor Fitzgerald

Thu, 08 Sep 2016 12:56:15 GMT

This is what analysts have to say about Braemar Shipping Services plc (LON:BMS ...

Tue, 14 Nov 2017 14:48:45 GMT

Clarkson to buy RS Platou for $440 million

Tue, 25 Nov 2014 11:26:15 GMT

Braemar Shipping Services plc (BMS) Is Yet to See Trading Action on Nov 19

Sun, 19 Nov 2017 09:11:15 GMT

Braemar Shipping Services plc (BMS) to Issue Dividend of GBX 5 on December 15th

Wed, 01 Nov 2017 13:30:00 GMT

Y/E Feb Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 159.1 15.9 13.4 34.7 8.6 6.5
2017A 139.8 5.1 3.2 8.7 34.5 13.4
2018E 137.9 9.4 7.8 21.2 14.2 16.0
2019E 142.5 9.9 8.5 23.2 12.9 9.9

Last updated on 19/10/2017

Investment summary

Acquisitions established a more balanced group of shipbroking and other services, where demand relates to the volume of seaborne trade and the oil & gas market. FY17 was challenging, although both Shipbroking and Logistics proved resilient. The issues in Technical have been decisively addressed and it should return to profit in FY18. The Q1 trading statement supported this view, with improving shipbroking returns. With mid-term potential for markets to recover, Braemar appears reset and rebased, with the acquisition of NAVES in line with strategy.

Last updated on 02/11/2017

Industry outlook

The growth of the shipping industry in the last decade reflected the shift in global manufacturing capacity and its supply chain. Global recession in 2008/09 upset the supply/demand balance, leading to sharply reduced charter rates. Volume growth of seaborne trade recovered, but only to around half of previous levels. The accelerated scrapping of ageing vessels has yet to materialise, so overcapacity remains an issue in many segments.

Last updated on 02/11/2017

Key management

James Kidwell, CEO
Louise Evans, CFO
James Kidwell, CEO

Company address

One Strand
Trafalgar Square
United Kingdom
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