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.£93.5m
Last close310.00p
High / Low (52 weeks)345.0p / 234.8p
Stock market listingLN
Forecast net cash (£m)5.9
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual2.28.2(12)
Relative *3.49.7(17.4)

* % Relative to local index

Other companies in sector Show

Company news

Braemar Shipping Services PLC (BMS.L) Signals in the Spotlight

Mon, 25 Sep 2017 05:48:45 GMT

Braemar Shipping Services PLC reiterated as Hold By Cantor Fitzgerald

Thu, 08 Sep 2016 12:56:15 GMT

Braemar Shipping Services PLC (BMS.L) Showing Signs of Potential Bullish Momentum

Mon, 25 Sep 2017 14:42:00 GMT

How Fairly Is Braemar Shipping Services plc (LSE:BMS) Valued According to the Data

Mon, 25 Sep 2017 05:48:45 GMT

Braemar Shipping Services PLC (BMS.L) Shares Move 3.25%

Mon, 25 Sep 2017 01:52:30 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 8.9 6.7
2017A 139.8 5.1 3.2 8.7 35.6 13.9
2018E 137.9 9.4 7.8 21.2 14.6 16.6
2019E 142.5 9.9 8.5 23.2 13.4 10.2

Last updated on 23/08/2017

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 very 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, and the balance sheet enables M&A to augment growth.

Last updated on 06/09/2017

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 06/09/2017

Key management

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

Company address

One Strand
Trafalgar Square
London
WC2N 5HR
United Kingdom
02031424100
View website