MMMP.F 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

MMMP.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 88.5% below our estimate of its fair value

Earnings are forecast to grow 43.98% per year

Earnings have grown 55.3% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

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

Energy Services of America

NasdaqCM:ESOA

US$209.8m

Profire Energy

NasdaqCM:PFIE

US$117.3m

Gulf Island Fabrication

NasdaqGS:GIFI

US$111.4m

Drilling Tools International

NasdaqCM:DTI

US$113.5m

Price History & Performance

Summary of share price highs, lows and changes for Mermaid Maritime
Historical stock prices
Current Share Price	S$0.18
52 Week High	S$0.18
52 Week Low	S$0.15
Beta	1.17
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-48.57%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	MMMP.F	US Energy Services	US Market
7D	n/a	3.4%	-2.8%
1Y	n/a	-7.0%	24.1%

Return vs Industry: Insufficient data to determine how MMMP.F performed against the US Energy Services industry.

Return vs Market: Insufficient data to determine how MMMP.F performed against the US Market.

Price Volatility

Is MMMP.F's price volatile compared to industry and market?
MMMP.F volatility
MMMP.F Average Weekly Movement	n/a
Energy Services Industry Average Movement	6.5%
Market Average Movement	6.3%
10% most volatile stocks in US Market	18.0%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: Insufficient data to determine MMMP.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1983	n/a	Chalermchai Mahagitsiri	www.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?
MMMP.F fundamental statistics
Market cap	US$135.09m
Earnings (TTM)	US$8.92m
Revenue (TTM)	US$501.23m

15.2x

P/E Ratio

0.3x

P/S Ratio

Is MMMP.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MMMP.F 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 Margin	16.13%
Net Profit Margin	1.78%
Debt/Equity Ratio	56.1%

How did MMMP.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 17:04
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Meghana Kande	CGS International
Suvro Sarkar	DBS Vickers Research
Amirah Yusoff	KGI Securities Co. Ltd.