Mermaid Maritime Past Earnings Performance

Past criteria checks 5/6

Mermaid Maritime has been growing earnings at an average annual rate of 47.6%, while the Energy Services industry saw earnings growing at 58.7% annually. Revenues have been growing at an average rate of 34.6% per year. Mermaid Maritime's return on equity is 8.2%, and it has net margins of 3.4%.

Key information

47.6%

Earnings growth rate

47.6%

EPS growth rate

Energy Services Industry Growth	44.2%
Revenue growth rate	34.6%
Return on equity	8.2%
Net Margin	3.4%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

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

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%

Sep 11

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

May 28

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

May 21

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

Apr 01

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

Jan 23

Revenue & Expenses Breakdown

How Mermaid Maritime makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SGX:DU4 Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	15,012	512	2,040
31 Mar 24	11,349	520	1,998
31 Dec 23	9,698	343	1,985
30 Sep 23	8,959	279	2,348
30 Jun 23	8,360	142	2,295
31 Mar 23	8,107	111	2,259
31 Dec 22	7,950	15	2,211
30 Sep 22	7,119	-217	1,066
30 Jun 22	5,576	-461	1,052
31 Mar 22	4,443	-639	1,021
31 Dec 21	3,690	-504	992
30 Sep 21	2,954	-545	747
30 Jun 21	2,771	-3,051	971
31 Mar 21	2,520	-3,245	967
31 Dec 20	2,626	-3,436	995
30 Sep 20	2,774	-3,506	834
30 Jun 20	2,918	-1,054	661
31 Mar 20	3,191	-936	728
31 Dec 19	3,313	-751	753
30 Sep 19	3,283	-874	868
30 Jun 19	3,437	-744	872
31 Mar 19	3,339	-813	894
31 Dec 18	3,155	-878	898
30 Sep 18	3,412	-441	777
30 Jun 18	3,441	-447	787
31 Mar 18	4,283	-77	802
31 Dec 17	4,974	145	849
30 Sep 17	5,472	103	1,300
30 Jun 17	6,271	432	1,340
31 Mar 17	6,494	581	1,369
31 Dec 16	6,584	601	1,325
30 Sep 16	7,560	-8,098	3,273
30 Jun 16	9,157	-7,777	3,435
31 Mar 16	10,965	-7,542	3,589
31 Dec 15	11,535	-8,103	3,789
30 Sep 15	12,193	715	2,275
30 Jun 15	11,605	579	2,224
31 Mar 15	10,567	492	2,128
31 Dec 14	10,673	1,180	2,054
30 Sep 14	10,088	1,456	2,247
30 Jun 14	10,048	1,335	970
31 Mar 14	9,937	1,237	952
31 Dec 13	9,246	900	882

Quality Earnings: DU4 has high quality earnings.

Growing Profit Margin: DU4's current net profit margins (3.4%) are higher than last year (1.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DU4 has become profitable over the past 5 years, growing earnings by 47.6% per year.

Accelerating Growth: DU4's earnings growth over the past year (259.9%) exceeds its 5-year average (47.6% per year).

Earnings vs Industry: DU4 earnings growth over the past year (259.9%) exceeded the Energy Services industry 114.8%.

Mermaid Maritime Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0 (vs US$0.003 loss in 1Q 2023)

Third quarter 2023 earnings released: EPS: US$0.005 (vs US$0.002 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.078 (vs ฿0.055 in 2Q 2022)

First quarter 2023 earnings released: ฿0.012 loss per share (vs ฿0.18 loss in 1Q 2022)

Full year 2022 earnings released: EPS: ฿0.01 (vs ฿0.36 loss in FY 2021)

Third quarter 2022 earnings released: EPS: ฿0.075 (vs ฿0.097 loss in 3Q 2021)

Recent updates

New major risk - Financial position

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%

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

Jan Jozef Skorupa an Independent Director Do Not Seek for Re-Election for Mermaid Maritime Public Company Limited

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

First quarter 2024 earnings released: EPS: US$0 (vs US$0.003 loss in 1Q 2023)

Mermaid Maritime Public Company Limited Announces Cessation of Jan Jozef Skorupa as Non-Executive and Independent Director, Chairman of Nomination Committee, and Member of Audit Committee and Remuneration Committee, Effective 25 April 2024

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

Mermaid Maritime Public Company Limited, Annual General Meeting, Apr 25, 2024

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

Third quarter 2023 earnings released: EPS: US$0.005 (vs US$0.002 in 3Q 2022)

New minor risk - Share price stability

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

Second quarter 2023 earnings released: EPS: ฿0.078 (vs ฿0.055 in 2Q 2022)

First quarter 2023 earnings released: ฿0.012 loss per share (vs ฿0.18 loss in 1Q 2022)

Full year 2022 earnings released: EPS: ฿0.01 (vs ฿0.36 loss in FY 2021)

Third quarter 2022 earnings released: EPS: ฿0.075 (vs ฿0.097 loss in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: US$0.002 (vs US$0.002 loss in 2Q 2021)

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

Mermaid Maritime Public Company Limited Announces Cessation of Kanes Supyaboonrod as Company Secretary

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

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

Mermaid Maritime Public Company Limited Announces Management Changes

Third quarter 2021 earnings released: ฿0.097 loss per share (vs ฿1.87 loss in 3Q 2020)

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

Non-Executive Director Jitender Verma has left the company

First quarter 2021 earnings released: ฿0.088 loss per share (vs ฿0.22 loss in 1Q 2020)

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

Full year 2020 earnings released: ฿2.43 loss per share (vs ฿0.53 loss in FY 2019)

Mermaid Maritime Public Company Limited, Annual General Meeting, Apr 07, 2021

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

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

Third quarter 2020 earnings released: ฿1.87 loss per share

Seadrill Rig Holding Company Limited completed the acquisition of remaining 33.7% stake in Asia Offshore Drilling Limited from Mermaid Maritime Public Company Limited (SGX:DU4).

First half earnings released

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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