Mermaid Maritime Past Earnings Performance

Past criteria checks 2/6

Mermaid Maritime has been growing earnings at an average annual rate of 55.3%, while the Energy Services industry saw earnings growing at 51.8% annually. Revenues have been growing at an average rate of 38.9% per year. Mermaid Maritime's return on equity is 5.6%, and it has net margins of 1.8%.

Key information

55.3%

Earnings growth rate

55.3%

EPS growth rate

Energy Services Industry Growth	23.7%
Revenue growth rate	38.9%
Return on equity	5.6%
Net Margin	1.8%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

OTCPK:MMMP.F Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	17,251	307	2,084
30 Jun 24	15,012	512	2,040
31 Mar 24	12,680	565	2,015
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

Quality Earnings: MMMP.F has high quality earnings.

Growing Profit Margin: MMMP.F's current net profit margins (1.8%) are lower than last year (3.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MMMP.F has become profitable over the past 5 years, growing earnings by 55.3% per year.

Accelerating Growth: MMMP.F's earnings growth over the past year (9.8%) is below its 5-year average (55.3% per year).

Earnings vs Industry: MMMP.F earnings growth over the past year (9.8%) did not outperform the Energy Services industry 24.1%.

Return on Equity

High ROE: MMMP.F's Return on Equity (5.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 14:52
End of Day Share Price	2025/01/03 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.