Mermaid Maritime Public Company Limited
Mermaid Maritime Public Company Limited, together with its subsidiaries, operates as a subsea and offshore services company in Thailand, Qatar, the United Arab Emirates, the United Kingdom, and Saudi Arabia. The company offers various subsea services, including inspection, repair and maintenance, infrastructure installation support, remotely operated vehicle support, and cable and flexible pipe l… Read more
Mermaid Maritime Public Company Limited (MMMPF) - Net Assets
Latest net assets as of September 2025: $229.18 Million USD
Based on the latest financial reports, Mermaid Maritime Public Company Limited (MMMPF) has net assets worth $229.18 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($450.87 Million) and total liabilities ($221.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $229.18 Million |
| % of Total Assets | 50.83% |
| Annual Growth Rate | 1.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.83 |
Mermaid Maritime Public Company Limited - Net Assets Trend (2020–2024)
This chart illustrates how Mermaid Maritime Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mermaid Maritime Public Company Limited (2020–2024)
The table below shows the annual net assets of Mermaid Maritime Public Company Limited from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $184.80 Million | +8.32% |
| 2023-12-31 | $170.60 Million | +6.00% |
| 2022-12-31 | $160.94 Million | +0.16% |
| 2021-12-31 | $160.68 Million | -9.38% |
| 2020-12-31 | $177.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mermaid Maritime Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 770200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $387.47 Million | 210.48% |
| Total Equity | $184.09 Million | 100.00% |
Mermaid Maritime Public Company Limited Competitors by Market Cap
The table below lists competitors of Mermaid Maritime Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gulshan Polyols Limited
NSE:GULPOLY
|
$34.64 Million |
|
Advice It Infinite Pcl
BK:ADVICE
|
$34.64 Million |
|
King Gen PCL
BK:KGEN
|
$34.64 Million |
|
MiniLuxe Holding Corp
OTCQB:MNLXF
|
$34.64 Million |
|
Actinium Pharmaceuticals Inc
NYSE MKT:ATNM
|
$34.63 Million |
|
Turk Ilac ve Serum Sanayi AS
IS:TRILC
|
$34.61 Million |
|
Madison County Financial Inc
PINK:MCBK
|
$34.61 Million |
|
Connect Biopharma Holdings Ltd
NASDAQ:CNTB
|
$34.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mermaid Maritime Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 170,286,000 to 184,086,000, a change of 13,800,000 (8.1%).
- Net income of 13,776,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.78 Million | +7.48% |
| Other Changes | $24.00K | +0.01% |
| Total Change | $- | 8.10% |
Book Value vs Market Value Analysis
This analysis compares Mermaid Maritime Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.13 | $0.13 | x |
| 2021-12-31 | $0.11 | $0.13 | x |
| 2022-12-31 | $0.11 | $0.13 | x |
| 2023-12-31 | $0.12 | $0.13 | x |
| 2024-12-31 | $0.13 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mermaid Maritime Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.68%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 2.26x
- Recent ROE (7.48%) is above the historical average (-11.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -61.75% | -130.88% | 0.32x | 1.47x | $-127.41 Million |
| 2021 | -9.77% | -14.09% | 0.43x | 1.61x | $-31.82 Million |
| 2022 | -0.12% | -0.09% | 0.77x | 1.81x | $-16.26 Million |
| 2023 | 5.63% | 3.48% | 0.77x | 2.09x | $-7.44 Million |
| 2024 | 7.48% | 2.68% | 1.23x | 2.26x | $-4.63 Million |
Industry Comparison
This section compares Mermaid Maritime Public Company Limited's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mermaid Maritime Public Company Limited (MMMPF) | $229.18 Million | -61.75% | 0.97x | $34.63 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |