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MRM

MMA Offshore CHIA:MRM Stock Report

Last Price

AU$0.61

Market Cap

AU$219.2m

7D

0.8%

1Y

87.7%

Updated

20 Apr, 2022

Data

Company Financials +
MRM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MRM Stock Overview

MMA Offshore Limited provides vessels, and marine and subsea services to the offshore energy, renewables, and wider maritime industries in Australia and internationally.

Rewards

Earnings are forecast to grow 115.53% per year

Earnings have grown 60.2% per year over the past 5 years

Risk Analysis

No risks detected for MRM from our risk checks.

MMA Offshore Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MMA Offshore
Historical stock prices
Current Share PriceAU$0.61
52 Week HighAU$0.67
52 Week LowAU$0.30
Beta0.059
1 Month Change9.91%
3 Month Change48.78%
1 Year Change87.69%
3 Year Change-63.03%
5 Year Change-72.89%
Change since IPO-97.24%

Recent News & Updates

Shareholder Returns

MRMAU Energy ServicesAU Market
7D0.8%1.3%1.2%
1Y87.7%44.0%8.3%

Return vs Industry: MRM exceeded the Australian Energy Services industry which returned 44% over the past year.

Return vs Market: MRM exceeded the Australian Market which returned 8.3% over the past year.

Price Volatility

Is MRM's price volatile compared to industry and market?
MRM volatility
MRM Average Weekly Movement6.3%
Energy Services Industry Average Movement7.9%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.4%

Stable Share Price: MRM is less volatile than 75% 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

FoundedEmployeesCEOWebsite
19891,103David Rosshttps://www.mmaoffshore.com

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

How do MMA Offshore's earnings and revenue compare to its market cap?
MRM fundamental statistics
Market CapAU$219.19m
Earnings (TTM)-AU$18.45m
Revenue (TTM)AU$254.89m

0.9x

P/S Ratio

-11.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRM income statement (TTM)
RevenueAU$254.89m
Cost of RevenueAU$217.22m
Gross ProfitAU$37.67m
Other ExpensesAU$56.12m
Earnings-AU$18.45m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.051
Gross Margin14.78%
Net Profit Margin-7.24%
Debt/Equity Ratio50.9%

How did MRM perform over the long term?

See historical performance and comparison

Valuation

Is MMA Offshore undervalued compared to its fair value and its price relative to the market?

0.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MRM (A$0.61) is trading above our estimate of fair value (A$0.54)

Significantly Below Fair Value: MRM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MRM is unprofitable, so we can't compare its PE Ratio to the Global Energy Services industry average.

PE vs Market: MRM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRM is good value based on its PB Ratio (0.8x) compared to the AU Energy Services industry average (1x).


Future Growth

How is MMA Offshore forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

115.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: MRM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MRM's is expected to become profitable in the next 3 years.

Revenue vs Market: MRM's revenue (9.1% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: MRM's revenue (9.1% 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 (2.1%).


Past Performance

How has MMA Offshore performed over the past 5 years?

60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRM is currently unprofitable.

Growing Profit Margin: MRM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRM is unprofitable, but has reduced losses over the past 5 years at a rate of 60.2% per year.

Accelerating Growth: Unable to compare MRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRM is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (2.3%).


Return on Equity

High ROE: MRM has a negative Return on Equity (-6.34%), as it is currently unprofitable.


Financial Health

How is MMA Offshore's financial position?


Financial Position Analysis

Short Term Liabilities: MRM's short term assets (A$178.8M) exceed its short term liabilities (A$80.2M).

Long Term Liabilities: MRM's short term assets (A$178.8M) exceed its long term liabilities (A$148.4M).


Debt to Equity History and Analysis

Debt Level: MRM's net debt to equity ratio (28.4%) is considered satisfactory.

Reducing Debt: MRM's debt to equity ratio has reduced from 120.5% to 50.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MRM has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MRM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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.


Earnings Payout to Shareholders

Earnings Coverage: MRM is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MRM has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

David Ross

2.75yrs

Tenure

AU$908,206

Compensation

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 ($USD669.03K) is about average for companies of similar size in the Australian market ($USD544.34K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MRM's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: MRM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MMA Offshore Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MMA Offshore Limited
  • Ticker: MRM
  • Exchange: CHIA
  • Founded: 1989
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: AU$219.190m
  • Shares outstanding: 359.33m
  • Website: https://www.mmaoffshore.com

Number of Employees


Location

  • MMA Offshore Limited
  • 12-14 The Esplanade
  • EQ12, Level 10
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/20 00:00
End of Day Share Price2022/04/19 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.