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Mermaid Maritime Public Company Limited (DU4.SI)
Bangkok, TH
Mermaid Maritime Public Company Limited, with its subsidiaries, delivers specialized subsea and offshore services across Thailand, Qatar, the United Arab Emirates, the United Kingdom, and Saudi Arabia. The company's core subsea activities include inspection, repair, and maintenance, support for infrastructure installation, remotely operated vehicle (ROV) assistance, and the laying of cables and flexible pipes. Additionally, Mermaid Maritime operates subsea vessels, provides diving and ROV services, and offers comprehensive submarine product installation, encompassing engineering, cable transportation, surveys, actual cable placement with accessories, shore and platform pull-ins, and ongoing inspection, repair, and maintenance of these subsea cables. Further services extend to offshore construction support, detailed offshore surveys, precise surface and subsea positioning, provision of specialized equipment and software, and skilled personnel. These offerings primarily cater to the offshore oil and gas industries. Established in 1983 and headquartered in Bangkok, Thailand, Mermaid Maritime Public Company Limited operates as a subsidiary of Thoresen Thai Agencies Public Company Limited.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.89% | -4.31% | -8.26% | -10.48% | -8.26% | -13.95% | +9.90% | +60.87% | +63.24% | +7.77% | -94.31% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-02 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Oil & Gas Equipment & Services: +6.7%-3.3% Q1'26: -30.0% (vs Q1'25)
-
EPS growth Oil & Gas Equipment & Services: +14.3%-58.8% Q1'26: +74.5% (vs Q1'25)
-
FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%+5.3% Q1'26: +13.6% (vs Q1'25)
-
EBIT margin Oil & Gas Equipment & Services: +10.9%+1.4% Q1'26: -3.4% (vs Q1'25)
-
ROIC Oil & Gas Equipment & Services: +6.7%+2.3% Q1'26: -2.7% (vs Q1'25)
-
Share dilution Oil & Gas Equipment & Services: +0.3%+16.2% Q1'26: +33.8% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×3.13× Q1'26: 14.63× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|
| Revenue |
275.40M
est: 693.99M (-60.3%)
|
513.34M
est: 615.16M (-16.6%)
|
496.50M
est: 398.42M (+24.6%)
|
463.33M
463.33M – 463.33M
+16.3% YoY
|
| EBITDA |
41.88M
est: 15.48M (+170.5%)
|
55.70M
est: 55.15M (+1.0%)
|
33.38M
est: 35.72M (-6.5%)
|
41.54M
41.54M – 41.54M
+16.3% YoY
|
| EBIT |
16.83M
est: -54.30M (+131.0%)
|
25.11M
est: 3.52M (+614.0%)
|
7.09M
est: 2.28M (+211.4%)
|
2.65M
2.65M – 2.65M
+16.3% YoY
|
| Net Income |
9.59M
est: 11.64M (-17.6%)
|
13.78M
est: 6.58M (+109.3%)
|
6.57M
est: 6.96M (-5.5%)
|
8.43M
8.43M – 8.43M
+21.2% YoY
|
| SGA |
5.26M
est: 63.13M (-91.7%)
|
7.31M
est: 15.03M (-51.4%)
|
23.07M
est: 9.73M (+137.0%)
|
11.32M
11.32M – 11.32M
+16.3% YoY
|
| EPS |
0.01
est: 0.01 (-17.0%)
|
0.01
est: 0.00 (+143.2%)
|
0.00
est: 0.00 (-5.1%)
|
0.01
0.01 – 0.01
+21.2% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-28 | B | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-26 | B+ | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 5/5 |
| 2026-05-25 | B | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-22 | B | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-21 | B | 3/5 | 1/5 | 3/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-20 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-19 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-18 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-15 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-14 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-13 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-12 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-11 | B- | 3/5 | 1/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-06 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-30 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-29 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-28 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-27 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-23 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-22 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional - International Small Cap ETF DFIS | 0.00% | 68.3K | 0.39% |
| 2 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 46.2K | 0.28% |
| 3 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 53.5K | 0.22% |
| 4 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 96.85 | 0.53% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Chalermchai Mahagitsiri | Executive Vice Chairman & Chief Executive Officer | — | male |
| Pattarapol Wannarat | Deputy Chief Operating Officer | — | male |
| Paul Burger Whiley | Chief Operating Officer & Executive Director | — | male |
| Phiboon Buakhunngamcharoen | Chief Financial Officer | — | male |
| Pimpattra Sirinandana | Government Relations Officer & Company Secretary | — | — |
| Saleela Boontrakulsuk | Company Secretary | — | female |
| Thanyada Apichottanachai | Head of Human Resources | — | female |
| Warangkana Tewapunkul | Legal Corporate Manager & Company Secretary | — | female |
| Zlatan Cehic | Head of Projects & Operations - Zone 2 | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for DU4.SI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
