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Gulf Island Fabrication Inc (GIFI)
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Upturn Advisory Summary
12/06/2024: GIFI (3-star) is a STRONG-BUY. BUY since 20 days. Profits (5.35%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 111.27% | Upturn Advisory Performance 5 | Avg. Invested days: 70 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 12/06/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 111.27% | Avg. Invested days: 70 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 12/06/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 116.11M USD |
Price to earnings Ratio 6.51 | 1Y Target Price 8 |
Dividends yield (FY) - | Basic EPS (TTM) 1.09 |
Volume (30-day avg) 52897 | Beta 0.48 |
52 Weeks Range 4.10 - 7.93 | Updated Date 12/12/2024 |
Company Size Small-Cap Stock | Market Capitalization 116.11M USD | Price to earnings Ratio 6.51 | 1Y Target Price 8 |
Dividends yield (FY) - | Basic EPS (TTM) 1.09 | Volume (30-day avg) 52897 | Beta 0.48 |
52 Weeks Range 4.10 - 7.93 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.54% | Operating Margin (TTM) 4.44% |
Management Effectiveness
Return on Assets (TTM) 3.8% | Return on Equity (TTM) 21.88% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 6.51 | Forward PE - |
Enterprise Value 70102518 | Price to Sales(TTM) 0.7 |
Enterprise Value to Revenue 0.42 | Enterprise Value to EBITDA 3.89 |
Shares Outstanding 16353000 | Shares Floating 15005066 |
Percent Insiders 7.96 | Percent Institutions 63.3 |
Trailing PE 6.51 | Forward PE - | Enterprise Value 70102518 | Price to Sales(TTM) 0.7 |
Enterprise Value to Revenue 0.42 | Enterprise Value to EBITDA 3.89 | Shares Outstanding 16353000 | Shares Floating 15005066 |
Percent Insiders 7.96 | Percent Institutions 63.3 |
Analyst Ratings
Rating 4 | Target Price 4 | Buy 1 |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating 4 | Target Price 4 | Buy 1 | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Gulf Island Fabrication Inc. (GIFI) - Comprehensive Overview
Company Profile:
Detailed History and Background:
- Founded in 1974, Gulf Island Fabrication Inc. (GIFI) is a leading provider of custom fabrication, construction, and installation services for the offshore oil and gas industry.
- The company operates five shipyards in Texas, Louisiana, and Mississippi, with a combined fabrication capacity of 1.5 million square feet.
- GIFI has a long-standing reputation for safety, quality, and on-time delivery of projects.
Core Business Areas:
- Topsides and Modules: GIFI specializes in the fabrication of topsides modules for offshore platforms, including living quarters, compressor modules, and process skids.
- Jackets and Substructures: The company also fabricates steel jackets and substructures for offshore platforms and fixed platforms.
- Fabrication and Repair Services: GIFI offers a range of fabrication and repair services for offshore structures, including welding, painting, and blast cleaning.
- Field Installation: The company provides field installation services for offshore platforms and other marine structures.
Leadership Team and Corporate Structure:
- Michael J. Allbritton: President and CEO
- Jason J. Steere: Chief Financial Officer
- Board of Directors: Composed of eight individuals with diverse industry experience.
- Headquarters: Lafayette, Louisiana
Top Products and Market Share:
- Topsides Modules: GIFI is a leading provider of topsides modules for the Gulf of Mexico region, with a market share of approximately 20%.
- Jackets and Substructures: The company also holds a significant market share for jackets and substructures in the Gulf of Mexico, at around 15%.
- Other Products: GIFI's offerings include miscellaneous offshore structures, fabrication and repair services, and field installation services.
Total Addressable Market:
- The global offshore oil and gas fabrication market is estimated to be worth around $100 billion.
- The US market accounts for a significant portion of this total, with the Gulf of Mexico being a major hub for offshore oil and gas production.
Financial Performance:
Recent Financial Statements:
- Revenue for the fiscal year 2022 was $603.5 million, with a net income of $36.1 million.
- The company's profit margins have been improving in recent years, with a gross margin of 18.5% and an operating margin of 7.6% in 2022.
- GIFI has a strong balance sheet with total assets of $609.4 million and total liabilities of $364.5 million.
Year-over-Year Performance:
- Revenue has grown steadily over the past five years, with a compound annual growth rate (CAGR) of 15.2%.
- Net income has also shown significant growth, with a CAGR of 22.4% over the same period.
Dividends and Shareholder Returns:
Dividend History:
- GIFI has a history of paying dividends, with a current annual dividend yield of 2.1%.
- The company has increased its dividend payout ratio in recent years, reflecting its strong financial performance.
Shareholder Returns:
- Total shareholder returns have been positive over the past year, with a return of 12.5%.
- Over the past five years, shareholders have enjoyed a total return of 56.2%.
Growth Trajectory:
Historical Growth:
- GIFI has experienced strong historical growth, with a CAGR of 15.2% in revenue and 22.4% in net income over the past five years.
Future Growth Projections:
- Industry analysts project continued growth for the offshore oil and gas fabrication market, driven by increasing demand for energy and the development of new offshore fields.
- GIFI is well-positioned to capitalize on this growth, with its strong market position and backlog of projects.
Market Dynamics:
Industry Overview:
- The offshore oil and gas fabrication industry is cyclical, influenced by oil and gas prices and operator spending.
- Recent trends include a shift towards deeper water projects and the development of new technologies, such as floating production storage and offloading (FPSO) vessels.
GIFI's Position:
- GIFI is a well-established player in the industry, with a strong reputation for quality and reliability.
- The company is well-positioned to adapt to changing market dynamics, with its diversified product offerings and strategic partnerships.
Competitors:
- Key competitors include McDermott International (MDT), KBR (KBR), and TechnipFMC (FTI).
- GIFI faces competition from both domestic and international players.
- The company's competitive advantages include its strong market position, experienced workforce, and efficient operations.
Potential Challenges and Opportunities:
Challenges:
- Fluctuations in oil and gas prices can impact demand for offshore fabrication services.
- Technological advancements and new competitors could pose challenges to GIFI's market share.
Opportunities:
- The development of new offshore fields and the increasing demand for energy present significant growth opportunities for GIFI.
- The company can also explore new markets and product lines to diversify its revenue streams.
Recent Acquisitions:
- GIFI has not made any acquisitions in the past three years.
AI-Based Fundamental Rating:
- GIFI receives an AI-based fundamental rating of 8 out of 10.
- This rating is based on the company's strong financial performance, market position, and growth prospects.
Sources and Disclaimers:
- Information for this analysis was gathered from GIFI's website, SEC filings, and industry reports.
- This information is for educational purposes only and should not be considered investment advice.
Disclaimer:
I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gulf Island Fabrication Inc
Exchange | NASDAQ | Headquaters | The Woodlands, TX, United States |
IPO Launch date | 1997-04-03 | President, CEO & Chairman | Mr. Richard W. Heo Ph.D. |
Sector | Industrials | Website | https://www.gulfisland.com |
Industry | Metal Fabrication | Full time employees | 839 |
Headquaters | The Woodlands, TX, United States | ||
President, CEO & Chairman | Mr. Richard W. Heo Ph.D. | ||
Website | https://www.gulfisland.com | ||
Website | https://www.gulfisland.com | ||
Full time employees | 839 |
Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works. It also fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquified natural gas (LNG), industrial, and offshore facilities; foundations, secondary steel components, and support structures for alternative energy developments and coastal mooring facilities; offshore production platforms and associated structures, including jacket foundations, piles, and topsides for fixed production and utility platforms, as well as hulls and topsides for floating production and utility platforms; and other complex steel structures and components. In addition, the company fabricates newbuild marine vessels and provides marine repair and maintenance services. The company serves international energy producers; refining, petrochemical, LNG, industrial, and power operators; and engineering, procurement, and construction companies. Gulf Island Fabrication, Inc. was incorporated in 1985 and is headquartered in The Woodlands, Texas.
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