Mermaid Maritime PCL
SGX:DU4
Intrinsic Value
Mermaid Maritime Public Co., Ltd. engages in the provision of subsea engineering and drilling services. [ Read More ]
The intrinsic value of one
DU4
stock under the Base Case scenario is
0.385
SGD.
Compared to the current market price of 0.136 SGD,
Mermaid Maritime PCL
is
Undervalued by 65%.
Mermaid Maritime PCL's market capitalization is 192.2m SGD.
DU4 stock price is 0.136 SGD.
DU4 stock price (0.136 SGD) is 65% less than its Intrinsic Value (0.385 SGD).
DU4 stock price (0.136 SGD) is 32% less than its Relative Value (0.201 SGD). Open Relative Valuation
DU4 has downside potential of 49% compared to the average analyst price target.
Open Wall St Estimates
DU4's short-term assets (146m USD) exceed its short-term liabilties (139m USD).
DU4 has positive Net Debt. This means that the company has more debt (44m USD) than cash and short-term investments (30m USD).
DU4's ROE (Return on Equity) for the past 12 months is positive and is equal to 6%.
DU4's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 5%.
DU4's Revenue has grown by an exceptional 23% over the past 12 months.
DU4 has positive Gross Profit for the last twelve months.
DU4's ROE (Return on Equity) has significantly increased in the last 3 years from -51% to 6%.
DU4's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from -16% to 5%.
DU4's long-term assets (357m USD) exceed its long-term liabilties (186m USD).
DU4 has negative Free Cash Flow for the last twelve months.
DU4 has positive Operating Income for the last twelve months.
DU4 has positive Net Income for the last twelve months.
DU4 has negative three-year average ROIC (Return on Invested Capital): -4%. The company is not efficient at using invested capital to generate operating income.
DU4's Revenue has been growing by an exceptional 49% per year for the last 3 years.
DU4's D/E (Debt to Equity) is very low and is equal to 0.26.
DU4 has negative three-year average ROE (Return on Equity): -13%. The company is not efficient at transforming stockholders' equity into net income.
DU4's Altman Z-Score is very low and is equal to 0.39.
DU4 generates enough operating income (14m USD) to cover interest payments on its debt (4m USD).
Valuation Backtest
Mermaid Maritime PCL
Run backtest to discover the historical profit from buying and selling
DU4
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Mermaid Maritime PCL
Balance Sheet Decomposition
Mermaid Maritime PCL
| Current Assets | 145.9m |
| Cash & Short-Term Investments | 30.3m |
| Receivables | 113.8m |
| Other Current Assets | 1.7m |
| Non-Current Assets | 210.7m |
| Long-Term Investments | 29m |
| PP&E | 149.9m |
| Intangibles | 35k |
| Other Non-Current Assets | 31.8m |
| Current Liabilities | 138.6m |
| Accounts Payable | 77.8m |
| Other Current Liabilities | 60.8m |
| Non-Current Liabilities | 47.7m |
| Long-Term Debt | 44.1m |
| Other Non-Current Liabilities | 3.6m |
Earnings Waterfall
Mermaid Maritime PCL
|
Revenue
|
275.4m
USD
|
|
Cost of Revenue
|
-242.7m
USD
|
|
Gross Profit
|
32.7m
USD
|
|
Operating Expenses
|
-19m
USD
|
|
Operating Income
|
13.7m
USD
|
|
Other Expenses
|
-4.1m
USD
|
|
Net Income
|
9.6m
USD
|
Free Cash Flow Analysis
Mermaid Maritime PCL
What is Free Cash Flow?
DU4 Profitability Score
Profitability Due Diligence
Mermaid Maritime PCL's profitability score is 40/100. The higher the profitability score, the more profitable the company is.
Score
Mermaid Maritime PCL's profitability score is 40/100. The higher the profitability score, the more profitable the company is.
DU4 Solvency Score
Solvency Due Diligence
Mermaid Maritime PCL's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Score
Mermaid Maritime PCL's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
DU4 Price Targets Summary
Mermaid Maritime PCL
According to Wall Street analysts, the average 1-year price target for
DU4
is 0.07 SGD
.
Shareholder Return
DU4 Price
Mermaid Maritime PCL
| Average Annual Return | 9.29% |
| Standard Deviation of Annual Returns | 53.53% |
| Max Drawdown | -100% |
| Market Capitalization | 192.2m SGD |
| Shares Outstanding | 1 413 329 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Mermaid Maritime PCL
Country
Industry
Market Cap
Dividend Yield
Description
Mermaid Maritime Public Co., Ltd. engages in the provision of subsea engineering and drilling services. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2007-10-16. The firm provides Inspection, Repair and Maintenance service (IRM) and cable and flex lay services. The firm operates through two segments: Subsea group and Holding. The firm offers subsea services through a fleet, which includes Mermaid Endurer, Mermaid Asiana, Mermaid Commander, Mermaid Sapphire, Mermaid Challenger, Barge Resiliant and Millennium 3. The firm operates approximately eight subsea vessels, four of which are specialized dive support vessels (DSVs), six saturation diving systems, 17 air diving systems and 15 remotely operated vehicles (ROV) systems. The firm serves customers across South East Asia, India, China, the Mediterranean, West Africa, the Middle East and the North Sea. The company also offers offshore survey, positioning and subsea inspection solutions.
Contact
IPO
Employees
Officers
The intrinsic value of one
DU4
stock under the Base Case scenario is
0.385
SGD.
Compared to the current market price of 0.136 SGD,
Mermaid Maritime PCL
is
Undervalued by 65%.
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