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Mermaid Maritime SGX:DU4 Stock Report

Last Price

S$0.13

Market Cap

S$178.1m

7D

-3.8%

1Y

29.9%

Updated

21 Dec, 2024

Data

Company Financials +

Mermaid Maritime Public Company Limited

SGX:DU4 Stock Report

Market Cap: S$178.1m

DU4 Stock Overview

Provides subsea and offshore drilling services to the offshore oil and gas industries primarily in Saudi Arabia, Thailand, the United Arab Emirates, the United Kingdom, Qatar, Vietnam, Myanmar, and internationally. More details

DU4 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 89% below our estimate of its fair value

Earnings are forecast to grow 43.98% per year

Earnings grew by 9.8% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Volatile share price over the past 3 months compared to the SG market

Profit margins (1.8%) are lower than last year (3.1%)


My Notes

Capture your thoughts, links and company narrative

Mermaid Maritime Public Company Limited Competitors

Baker Technology

SGX:BTP

S$122.7m

Pacific Radiance

SGX:RXS

S$68.1m

Dyna-Mac Holdings

SGX:NO4

S$839.3m

Vallianz Holdings

Catalist:WPC

S$42.4m

Price History & Performance

Summary of share price highs, lows and changes for Mermaid Maritime
Historical stock prices
Current Share PriceS$0.13
52 Week HighS$0.23
52 Week LowS$0.09
Beta1.17
1 Month Change-5.97%
3 Month Change-10.00%
1 Year Change29.90%
3 Year Change72.60%
5 Year Change9.57%
Change since IPO-93.54%

Recent News & Updates

Mermaid Maritime Public Company Limited's (SGX:DU4) 27% Cheaper Price Remains In Tune With Earnings

Nov 18
Mermaid Maritime Public Company Limited's (SGX:DU4) 27% Cheaper Price Remains In Tune With Earnings

Do Mermaid Maritime's (SGX:DU4) Earnings Warrant Your Attention?

Oct 30
Do Mermaid Maritime's (SGX:DU4) Earnings Warrant Your Attention?

These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

Sep 11
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

Recent updates

Mermaid Maritime Public Company Limited's (SGX:DU4) 27% Cheaper Price Remains In Tune With Earnings

Nov 18
Mermaid Maritime Public Company Limited's (SGX:DU4) 27% Cheaper Price Remains In Tune With Earnings

Do Mermaid Maritime's (SGX:DU4) Earnings Warrant Your Attention?

Oct 30
Do Mermaid Maritime's (SGX:DU4) Earnings Warrant Your Attention?

These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

Sep 11
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

The Market Doesn't Like What It Sees From Mermaid Maritime Public Company Limited's (SGX:DU4) Earnings Yet As Shares Tumble 27%

Sep 11
The Market Doesn't Like What It Sees From Mermaid Maritime Public Company Limited's (SGX:DU4) Earnings Yet As Shares Tumble 27%

Earnings Not Telling The Story For Mermaid Maritime Public Company Limited (SGX:DU4) After Shares Rise 26%

May 28
Earnings Not Telling The Story For Mermaid Maritime Public Company Limited (SGX:DU4) After Shares Rise 26%

These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

May 21
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well

Many Still Looking Away From Mermaid Maritime Public Company Limited (SGX:DU4)

Apr 01
Many Still Looking Away From Mermaid Maritime Public Company Limited (SGX:DU4)

These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Extensively

Jan 23
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Extensively

Mermaid Maritime (SGX:DU4) Takes On Some Risk With Its Use Of Debt

Aug 18
Mermaid Maritime (SGX:DU4) Takes On Some Risk With Its Use Of Debt

We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt

Jul 25
We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt

Does Mermaid Maritime (SGX:DU4) Have A Healthy Balance Sheet?

Mar 03
Does Mermaid Maritime (SGX:DU4) Have A Healthy Balance Sheet?

We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt

Aug 19
We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt

Is Mermaid Maritime (SGX:DU4) Using Too Much Debt?

Apr 06
Is Mermaid Maritime (SGX:DU4) Using Too Much Debt?

A Look At Mermaid Maritime's (SGX:DU4) Share Price Returns

Feb 12
A Look At Mermaid Maritime's (SGX:DU4) Share Price Returns

Mermaid Maritime (SGX:DU4) Is Carrying A Fair Bit Of Debt

Dec 21
Mermaid Maritime (SGX:DU4) Is Carrying A Fair Bit Of Debt

Shareholder Returns

DU4SG Energy ServicesSG Market
7D-3.8%0.4%-2.1%
1Y29.9%23.0%12.3%

Return vs Industry: DU4 exceeded the SG Energy Services industry which returned 23% over the past year.

Return vs Market: DU4 exceeded the SG Market which returned 12.3% over the past year.

Price Volatility

Is DU4's price volatile compared to industry and market?
DU4 volatility
DU4 Average Weekly Movement7.7%
Energy Services Industry Average Movement8.3%
Market Average Movement4.5%
10% most volatile stocks in SG Market13.5%
10% least volatile stocks in SG Market1.9%

Stable Share Price: DU4's share price has been volatile over the past 3 months compared to the SG market.

Volatility Over Time: DU4's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
1983n/aChalermchai Mahagitsiriwww.mermaid-group.com/home

Mermaid Maritime Public Company Limited, together with its subsidiaries, provides subsea and offshore drilling services to the offshore oil and gas industries primarily in Saudi Arabia, Thailand, the United Arab Emirates, the United Kingdom, Qatar, Vietnam, Myanmar, and internationally. The company provides subsea services, including inspection, repair and maintenance, infrastructure installation support, remotely operated vehicle (ROV) support, and cable and flexible pipe laying services through subsea vessels, saturation diving systems, air diving systems, and ROV systems. It is involved in the provision of hydrographic survey and positioning, diving, and ROV services.

Mermaid Maritime Public Company Limited Fundamentals Summary

How do Mermaid Maritime's earnings and revenue compare to its market cap?
DU4 fundamental statistics
Market capS$178.08m
Earnings (TTM)S$12.16m
Revenue (TTM)S$683.67m

14.6x

P/E Ratio

0.3x

P/S Ratio

Is DU4 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DU4 income statement (TTM)
Revenue฿17.25b
Cost of Revenue฿14.47b
Gross Profit฿2.78b
Other Expenses฿2.48b
Earnings฿306.89m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin16.13%
Net Profit Margin1.78%
Debt/Equity Ratio56.1%

How did DU4 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 00:27
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mermaid Maritime Public Company Limited is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Meghana KandeCGS International
Suvro SarkarDBS Vickers Research
Amirah YusoffKGI Securities Co. Ltd.