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MMA Offshore Limited (MRM.AX)
Key financial summary
Financials in AUD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | AUD m | 200 | 239 | 273 | 238 | 284 | 308 | 353 |
| Operating profit | AUD m | 30 | 58 | |||||
| Net profit | AUD m | -28 | -37 | -94 | 2 | 33 | 128 | 109 |
| EPS reported | AUD | 0.33 | 0.28 | |||||
| Operating cashflow per share | AUD | 0.14 | 0.14 | |||||
| Capex per share | AUD | 0.05 | 0.05 | |||||
| FCF per share | AUD | 0.09 | 0.09 | |||||
| Free cash flow | AUD m | 32 | 58 | |||||
| Net debt | AUD m | -15 | -57 | |||||
| Book value equity | AUD m | 486 | 543 | |||||
| Book value per share | AUD | 1.25 | 1.39 | |||||
| Number of shares | m | 389.88 | 389.88 | |||||
| DPS (TTM paid) | AUD | 0.00 | 0.00 |
Financial summary
Financials in AUD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 3.48 | - | |||||
| P/B LTM | x | 0.89 | 1.96 | |||||
| P/S LTM | x | 1.40 | 3.02 | |||||
| P/FCF LTM | x | 13.40 | 18.22 | |||||
| EV/EBITDA LTM | x | 2.33 | 6.28 | |||||
| EV/Sales LTM | x | 1.35 | 2.86 | |||||
| Earnings Yield LTM | % | 28.74% | 12.68% | |||||
| FCF Yield | % | 7.46% | 5.49% | |||||
| Quality | ||||||||
| ROE | % | 26.32% | 30.95% | |||||
| ROIC | % | 4.73% | 4.73% | |||||
| Operating margin | % | 9.83% | 9.83% | |||||
| Gross margin | % | 43.16% | 43.16% | |||||
| FCF/Sales | % | 10.41% | 10.41% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +270.37% | -9.68% | |||||
| Sales Growth YoY | % | +8.63% | +15.03% | |||||
| Net Income Growth YoY | % | +282.76% | -9.80% | |||||
| FCF Growth | % | +1209.3% | +82.52% | |||||
| Operating Profit Growth | % | +2518.5% | +257.13% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.00% | 0.00% | |||||
| Dividend Growth | % | 0.00% | 0.00% | |||||
| Payout Ratio | % | 0.00% | 0.00% | |||||
| FCF/Debt | x | 0.35 | 3.38 | |||||
| Net Debt/EBITDA | x | -0.08 | -0.08 | |||||
| EBIT/Net interest | x | 4.49 | 4.49 | |||||
| Net debt/market cap | % | -3.47% | -5.33% | |||||
| Net debt/Equity | x | -0.03 | -0.10 | |||||
| Gross debt/equity | x | 0.19 | 0.03 | |||||
Company overview
Operating both within Australia and globally, MMA Offshore Limited delivers specialized vessels, maritime solutions, and underwater services to sectors including offshore energy, renewable energy, and the broader shipping industry. Its business is structured into three main divisions: Vessel Services, Subsea Services, and Project Logistics. Under Vessel Services, the company provides a comprehensive suite of support functions such as cargo offloading, supply chain management, construction assistance, seismic data collection and surveying, tugboat and barge operations, anchor handling and towing, diving and remotely operated vehicle (ROV) support, installation aid, and crew accommodation. Additionally, it undertakes inspection, maintenance, and repair (IMR) activities. Its Subsea Services encompass engineering design and project execution, various survey types (inspection, geophysical, and geotechnical), environmental management and stabilization efforts, underwater construction and upkeep, along with manufacturing, assembly, and testing capabilities. Furthermore, MMA Offshore offers onshore support, including engineering and technical oversight, marine personnel provisioning, and integrated project logistics, which includes marine project coordination and the management of its onshore facilities. The company maintains a fleet of 18 offshore vessels. Established in 1989 and headquartered in Perth, Australia, the company operated as Mermaid Marine Australia Limited until its rebranding to MMA Offshore Limited in December 2014.
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MMA Offshore Limited (MRM.AX)
Operating both within Australia and globally, MMA Offshore Limited delivers specialized vessels, maritime solutions, and underwater services to sectors including offshore energy, renewable energy, and the broader shipping industry. Its business is structured into three main divisions: Vessel Services, Subsea Services, and Project Logistics. Under Vessel Services, the company provides a comprehensive suite of support functions such as cargo offloading, supply chain management, construction assistance, seismic data collection and surveying, tugboat and barge operations, anchor handling and towing, diving and remotely operated vehicle (ROV) support, installation aid, and crew accommodation. Additionally, it undertakes inspection, maintenance, and repair (IMR) activities. Its Subsea Services encompass engineering design and project execution, various survey types (inspection, geophysical, and geotechnical), environmental management and stabilization efforts, underwater construction and upkeep, along with manufacturing, assembly, and testing capabilities. Furthermore, MMA Offshore offers onshore support, including engineering and technical oversight, marine personnel provisioning, and integrated project logistics, which includes marine project coordination and the management of its onshore facilities. The company maintains a fleet of 18 offshore vessels. Established in 1989 and headquartered in Perth, Australia, the company operated as Mermaid Marine Australia Limited until its rebranding to MMA Offshore Limited in December 2014.
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