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Mermaid Maritime PCL (SGX:DU4) Intrinsic Value: Projected FCF : S$0.05 (As of Apr. 25, 2025)


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What is Mermaid Maritime PCL Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2025-04-25), Mermaid Maritime PCL's Intrinsic Value: Projected FCF is S$0.05. The stock price of Mermaid Maritime PCL is S$0.109. Therefore, Mermaid Maritime PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 2.2.

The historical rank and industry rank for Mermaid Maritime PCL's Intrinsic Value: Projected FCF or its related term are showing as below:

SGX:DU4' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.42   Med: 0.63   Max: 2.62
Current: 2.18

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Mermaid Maritime PCL was 2.62. The lowest was 0.42. And the median was 0.63.

SGX:DU4's Price-to-Projected-FCF is ranked worse than
85.76% of 653 companies
in the Oil & Gas industry
Industry Median: 0.69 vs SGX:DU4: 2.18

Mermaid Maritime PCL Intrinsic Value: Projected FCF Historical Data

The historical data trend for Mermaid Maritime PCL's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mermaid Maritime PCL Intrinsic Value: Projected FCF Chart

Mermaid Maritime PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.15 0.10 0.06 0.05

Mermaid Maritime PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.03 -0.04 0.03 0.05

Competitive Comparison of Mermaid Maritime PCL's Intrinsic Value: Projected FCF

For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mermaid Maritime PCL's Price-to-Projected-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Mermaid Maritime PCL's Price-to-Projected-FCF falls into.


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Mermaid Maritime PCL Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Mermaid Maritime PCL's Free Cash Flow(6 year avg) = S$-8.94.

Mermaid Maritime PCL's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-8.94144+248.59*0.8)/1440.838
=0.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mermaid Maritime PCL  (SGX:DU4) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Mermaid Maritime PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.109/0.045791738685111
=2.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mermaid Maritime PCL Intrinsic Value: Projected FCF Related Terms

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Mermaid Maritime PCL Business Description

Industry
Traded in Other Exchanges
Address
Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

Mermaid Maritime PCL Headlines

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