GLOBUS MARITIME LTD
GLBS · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $2.14 — last insider purchase, 2026-03-31 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D52Tiny dry-bulk shipper with strong cash conversion but a net loss year and a long history of dilutive financings and reverse splits.
Strengths
- Top-decile FCF margin (~26%, 92nd pct) and healthy current ratio (2.74, 68th pct)
- Above-average revenue growth (+27%, 78th pct)
Risks
- Net loss with negative ROE/ROA (~10th–15th pct) and interest coverage of 0.6 (12.5th pct)
- Serial reverse splits (1-100 in 2020) and heavy warrant overhang signal chronic equity dilution and micro-cap fragility
Notable findings
- No interest coverageInterest coverage 0.60 (cannot cover interest)
- Net lossNet loss (net margin -4.0%)
- Insider buyingInsider buying — 7 open-market buy(s) by 1 insider(s) (~$992,811, last 6mo) Form 4 ↗
Key metrics
Operating margin
10.2%
Net margin
-4.0%
Return on equity
-1.0%
Return on assets
-0.6%
Revenue growth (QoQ)
26.8%
Net-income growth
-505.3%
Interest coverage
0.6×
Current ratio
2.7×
Free cash flow
$11M
Tangible book value
$176M
Cash & investments
$26M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-31 | Feidakis Georgios | Buy | 375K | $2.14 |
| 2026-03-30 | Feidakis Georgios | Buy | 15K | $1.93 |
| 2026-03-25 | Feidakis Georgios | Buy | 11K | $1.80 |
| 2026-03-24 | Feidakis Georgios | Buy | 39K | $1.79 |
| 2026-03-23 | Feidakis Georgios | Buy | 7.5K | $1.75 |
| 2026-03-20 | Feidakis Georgios | Buy | 23K | $1.74 |
| 2026-03-19 | Feidakis Georgios | Buy | 11K | $1.75 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-16 | 2025-12-31 | 0001104659-26-028476 ↗ |
| 20-F | 2025-03-14 | 2024-12-31 | 0001104659-25-023948 ↗ |
| 20-F | 2024-03-15 | 2023-12-31 | 0001104659-24-034994 ↗ |
| 20-F | 2023-03-20 | 2022-12-31 | 0001104659-23-034445 ↗ |
| 20-F | 2022-04-11 | 2021-12-31 | 0001104659-22-044646 ↗ |
| 20-F | 2021-03-29 | 2020-12-31 | 0001104659-21-043172 ↗ |
| 20-F | 2020-04-01 | 2019-12-31 | 0001104659-20-041302 ↗ |
| 20-F | 2019-03-28 | 2018-12-31 | 0001144204-19-016636 ↗ |
| 20-F | 2018-03-09 | 2017-12-31 | 0001144204-18-013849 ↗ |
| 20-F | 2017-04-11 | 2016-12-31 | 0001144204-17-019941 ↗ |
| 20-F | 2016-04-29 | 2015-12-31 | 0001144204-16-097396 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001144204-15-026283 ↗ |