| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
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
Risk Analysis
No risks detected for MRM from our risk checks.
MMA Offshore Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.61 |
| 52 Week High | AU$0.67 |
| 52 Week Low | AU$0.30 |
| Beta | 0.059 |
| 1 Month Change | 9.91% |
| 3 Month Change | 48.78% |
| 1 Year Change | 87.69% |
| 3 Year Change | -63.03% |
| 5 Year Change | -72.89% |
| Change since IPO | -97.24% |
Recent News & Updates
Shareholder Returns
| MRM | AU Energy Services | AU Market | |
|---|---|---|---|
| 7D | 0.8% | 1.3% | 1.2% |
| 1Y | 87.7% | 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
| MRM volatility | |
|---|---|
| MRM Average Weekly Movement | 6.3% |
| Energy Services Industry Average Movement | 7.9% |
| Market Average Movement | 9.6% |
| 10% most volatile stocks in AU Market | 16.5% |
| 10% least volatile stocks in AU Market | 4.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 1,103 | David Ross | https://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
| MRM fundamental statistics | |
|---|---|
| Market Cap | AU$219.19m |
| Earnings (TTM) | -AU$18.45m |
| Revenue (TTM) | AU$254.89m |
0.9x
P/S Ratio-11.9x
P/E RatioIs MRM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRM income statement (TTM) | |
|---|---|
| Revenue | AU$254.89m |
| Cost of Revenue | AU$217.22m |
| Gross Profit | AU$37.67m |
| Other Expenses | AU$56.12m |
| Earnings | -AU$18.45m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.051 |
| Gross Margin | 14.78% |
| Net Profit Margin | -7.24% |
| Debt/Equity Ratio | 50.9% |
How did MRM perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/04/20 00:00 |
| End of Day Share Price | 2022/04/19 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/06/30 |
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.