MMA OFFSHORE LIMITED (MRM)
Share Price Analysis and Chart

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MRM - MMA OFFSHORE LIMITED

FNArena Sector : Energy Sector Contracting
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.31
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.69

22 Jul
2024

0.000

OPEN

$2.69

0.000

HIGH

$2.69

0

LOW

$2.69

TARGET
$2.767 2.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
DCG . EOL . MND . MSV . PRN . WOR .
FNARENA'S MARKET CONSENSUS FORECASTS
MRM: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 34.8 22.1 xxx
DPS (cps) xxx 0.0 4.7 xxx
EPS Growth xxx 100.0% - 36.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.2 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx N/A 21.1% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/09 - (franking Ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx34.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx308.3 M
Book Value Per Share xxxxxxxxxxxxxxx131.9
Net Operating Cash Flow xxxxxxxxxxxxxxx50.5 M
Net Profit Margin xxxxxxxxxxxxxxx41.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx30.95 %
Return on Invested Capital xxxxxxxxxxxxxxx25.15 %
Return on Assets xxxxxxxxxxxxxxx20.12 %
Return on Equity xxxxxxxxxxxxxxx30.95 %
Return on Total Capital xxxxxxxxxxxxxxx5.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx32.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx81 M
Total Debt xxxxxxxxxxxxxxx91 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx106 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx18.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx266 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

14/06/2024

1

Buy

$3.00

11.52%

Citi views the trading update from MMA Offshore as better than expected with management upgrading FY24 EBITDA guidance to $146-$149m from $136-142m due to favourable market conditions.

The improvement is also based on cost sharing with a customer and improved project execution, the broker highlights.

Citi believes investors should push for a higher bid price with more leverage around an improved earnings outlook.

The analyst lifts earnings estimates by 6% for FY24 and adjust FY25 higher.

Buy rating and $3 target price are unchanged.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 23.90 cents.
Citi forecasts a full year FY25 dividend of 5.00 cents and EPS of 25.50 cents.

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

24/06/2024

3

Hold

$2.70

0.37%

MMA Offshore reported a 2H24 earnings update and upgraded expectations for the second half, Moelis observes.

Management increased FY24 earnings guidance, with EBITDA of $146-149m and earnings before interest and tax of $96-99m, up 6% and 10% respectively from prior guidance, the analysis highlights.

Moelis points to positive project completions and negotiated payments as key drivers for improved performance and revises forecasts with FY24 EPS estimate up 26.5% and FY25 up 27.8%

The target price is raised to $2.70 from $2.60, in line with the revised bid price from Cyan MMA Holdings. Hold rating unchanged.

FORECAST
Moelis forecasts a full year FY24 dividend of 2.80 cents and EPS of 23.90 cents.
Moelis forecasts a full year FY25 dividend of 5.80 cents and EPS of 27.60 cents.
Access Stockbroker Research History >

MRM STOCK CHART

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