minichart

minichart | Joined since 2024-09-14

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4 days ago | Report Abuse

https://www.minichart.com.sg/2024/09/30/mermaid-maritime-charting-new-waters-with-record-orderbook-and-profit-growth/

Net Profit Growth: The company is projected to achieve impressive net profit growth of 22% in FY2024 and 70% in FY2025. This growth is attributed to the execution of larger-scale decommissioning projects and high-margin cable-lay orders.
Valuation: Mermaid Maritime trades at a 33% discount to its global peers’ 2025 forward Price-to-Earnings (P/E) ratio.

Thank you