MMA Offshore Limited provides vessels, and marine and subsea services to the offshore energy, renewables, and wider maritime industries in Australia and internationally.
MMA Offshore Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.42|
|52 Week High||AU$0.28|
|52 Week Low||AU$0.69|
|1 Month Change||11.84%|
|3 Month Change||14.87%|
|1 Year Change||-30.33%|
|3 Year Change||-81.52%|
|5 Year Change||-86.72%|
|Change since IPO||-91.83%|
Recent News & Updates
There Are Some Reasons To Suggest That MMA Offshore's (ASX:MRM) Earnings A Poor Reflection Of Profitability
Shareholders didn't seem to be thrilled with MMA Offshore Limited's ( ASX:MRM ) recent earnings report, despite healthy...
Is MMA Offshore (ASX:MRM) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|MRM||AU Energy Services||AU Market|
Return vs Industry: MRM underperformed the Australian Energy Services industry which returned -1.3% over the past year.
Return vs Market: MRM underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: MRM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MRM's weekly volatility (6%) has been stable over the past year.
About the Company
MMA Offshore Limited provides vessels, and marine and subsea services to the offshore energy, renewables, and wider maritime industries in Australia and internationally. It operates through Vessel Services, Subsea Services, and Project Logistics segments. The company offers vessel services, including offtake support; supply operations; construction support; seismic and survey support; tug and barge operations; anchor handling and towing; dive and ROV support; installation support; and accommodation support services, as well as inspection, maintenance, and repair services.
MMA Offshore Fundamentals Summary
|MRM fundamental statistics|
Is MRM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MRM income statement (TTM)|
|Cost of Revenue||AU$215.18m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0067|
|Net Profit Margin||1.02%|
How did MRM perform over the long term?See historical performance and comparison
Is MMA Offshore undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRM (A$0.43) is trading below our estimate of fair value (A$0.58)
Significantly Below Fair Value: MRM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRM is poor value based on its PE Ratio (63.1x) compared to the Global Energy Services industry average (16.3x).
PE vs Market: MRM is poor value based on its PE Ratio (63.1x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: MRM is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: MRM is good value based on its PB Ratio (0.5x) compared to the AU Energy Services industry average (1.4x).
How is MMA Offshore forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRM's forecast earnings growth (14.9% per year) is above the savings rate (1.9%).
Earnings vs Market: MRM's earnings (14.9% per year) are forecast to grow faster than the Australian market (11.8% per year).
High Growth Earnings: MRM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MRM's revenue (8.4% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: MRM's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRM's Return on Equity is forecast to be low in 3 years time (1.4%).
How has MMA Offshore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRM has a large one-off gain of A$24.1M impacting its June 30 2021 financial results.
Growing Profit Margin: MRM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MRM has become profitable over the past 5 years, growing earnings by 47.9% per year.
Accelerating Growth: MRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (1.3%).
Return on Equity
High ROE: MRM's Return on Equity (0.8%) is considered low.
How is MMA Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: MRM's short term assets (A$183.1M) exceed its short term liabilities (A$82.9M).
Long Term Liabilities: MRM's short term assets (A$183.1M) exceed its long term liabilities (A$154.7M).
Debt to Equity History and Analysis
Debt Level: MRM's debt to equity ratio (56.5%) is considered high.
Reducing Debt: MRM's debt to equity ratio has reduced from 62% to 56.5% over the past 5 years.
Debt Coverage: MRM's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: Insufficient data to determine if MRM's interest payments on its debt are well covered by EBIT.
What is MMA Offshore current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MRM is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. David Colin Ross has been Managing Director and Director of MMA Offshore Ltd. since January 13, 2020 and has been its Chief Executive Officer since July 1, 2019. He was Deputy Chief Executive Officer o...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD674.09K) is above average for companies of similar size in the Australian market ($USD302.45K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: MRM's management team is seasoned and experienced (6.4 years average tenure).
Experienced Board: MRM's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MRM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 288.2%.
MMA Offshore Limited's employee growth, exchange listings and data sources
- Name: MMA Offshore Limited
- Ticker: MRM
- Exchange: ASX
- Founded: 1989
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: AU$152.715m
- Shares outstanding: 359.33m
- Website: https://www.mmaoffshore.com
Number of Employees
- MMA Offshore Limited
- 12-14 The Esplanade
- EQ12, Level 10
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 07:04|
|End of Day Share Price||2021/10/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.