MARINE & GENERAL BERHAD

KLSE (MYR): M&G (5078)

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Last Price

0.35

Today's Change

-0.005 (1.41%)

Day's Change

0.35 - 0.37

Trading Volume

1,719,000

Financial

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Last 10 FY Result
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
Revenue 364,768 354,484 347,920 307,183 219,637 183,395 213,554 232,753 0 152,061 303,424 0 -
PBT 69,908 75,399 69,294 68,269 -34,157 32,539 -65,527 -109,495 0 -368,000 -128,909 0 -
Tax -516 -465 -405 -598 -326 -6,750 -836 -957 0 420,007 25,537 0 -
NP 69,392 74,934 68,889 67,671 -34,483 25,789 -66,363 -110,452 0 52,007 -103,372 0 -
-
NP to SH 51,980 53,960 48,377 46,476 -28,341 10,156 -49,622 -76,348 0 153,521 -74,384 0 -
-
Tax Rate 0.74% 0.62% 0.58% 0.88% - 20.74% - - - - - - -
Total Cost 295,376 279,550 279,031 239,512 254,120 157,606 279,917 343,205 0 100,054 406,796 0 -
-
Net Worth 430,542 430,542 415,865 236,398 84,285 51,757 41,840 89,181 167,071 166,492 112,277 124,968 15.51%
Dividend
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
Div - - - - - - - - - 709,980,523 - - -
Div Payout % - - - - - - - - - 462,464.75% - - -
Equity
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
Net Worth 430,542 430,542 415,865 236,398 84,285 51,757 41,840 89,181 167,071 166,492 112,277 124,968 15.51%
NOSH 2,223,879 2,223,879 2,223,879 2,223,879 723,878 723,878 723,878 723,878 723,879 723,878 701,735 462,844 20.71%
Ratio Analysis
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
NP Margin 19.02% 21.14% 19.80% 22.03% -15.70% 14.06% -31.08% -47.45% 0.00% 34.20% -34.07% 0.00% -
ROE 12.07% 12.53% 11.63% 19.66% -33.63% 19.62% -118.60% -85.61% 0.00% 92.21% -66.25% 0.00% -
Per Share
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
RPS 16.40 15.94 15.64 13.81 9.88 25.34 29.50 32.15 0.00 21.01 43.24 0.00 -
EPS 2.32 2.43 2.18 2.09 -1.89 1.40 -6.86 -10.55 0.00 21.21 -10.60 0.00 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 98,080.00 0.00 0.00 -
NAPS 0.1936 0.1936 0.187 0.1063 0.0379 0.0715 0.0578 0.1232 0.2308 0.23 0.16 0.27 -4.31%
Adjusted Per Share Value based on latest NOSH - 2,223,879
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
RPS 46.71 45.40 44.55 39.34 28.13 23.49 27.35 29.81 0.00 19.47 38.86 0.00 -
EPS 6.66 6.91 6.20 5.95 -3.63 1.30 -6.35 -9.78 0.00 19.66 -9.53 0.00 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90,920.72 0.00 0.00 -
NAPS 0.5514 0.5514 0.5326 0.3027 0.1079 0.0663 0.0536 0.1142 0.214 0.2132 0.1438 0.16 15.51%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
Date 31/07/24 31/07/24 30/04/24 28/04/23 29/04/22 30/04/21 30/04/20 30/04/19 30/04/18 29/12/17 30/12/16 31/12/15 -
Price 0.355 0.355 0.285 0.17 0.07 0.14 0.06 0.085 0.105 0.19 0.34 0.385 -
P/RPS 2.16 2.23 1.82 1.23 0.71 0.55 0.20 0.26 0.00 0.90 0.79 0.00 -
P/EPS 15.19 14.63 13.10 8.13 -5.49 9.98 -0.88 -0.81 0.00 0.90 -3.21 0.00 -
EY 6.58 6.83 7.63 12.29 -18.21 10.02 -114.25 -124.08 0.00 111.62 -31.18 0.00 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 516,210.56 0.00 0.00 -
P/NAPS 1.83 1.83 1.52 1.60 1.85 1.96 1.04 0.69 0.45 0.83 2.13 1.43 0.73%
Price Multiplier on Announcement Date
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 31/12/17 31/12/16 31/12/15 CAGR
Date 27/09/24 27/09/24 21/06/24 28/06/23 30/06/22 30/07/21 30/07/20 26/06/19 - 28/02/18 28/02/17 - -
Price 0.33 0.33 0.36 0.155 0.07 0.125 0.065 0.085 0.00 0.17 0.44 0.00 -
P/RPS 2.01 2.07 2.30 1.12 0.71 0.49 0.22 0.26 0.00 0.81 1.02 0.00 -
P/EPS 14.12 13.60 16.55 7.42 -5.49 8.91 -0.95 -0.81 0.00 0.80 -4.15 0.00 -
EY 7.08 7.35 6.04 13.48 -18.21 11.22 -105.46 -124.08 0.00 124.75 -24.09 0.00 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 576,941.20 0.00 0.00 -
P/NAPS 1.70 1.70 1.93 1.46 1.85 1.75 1.12 0.69 0.00 0.74 2.75 0.00 -

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
10 people like this. Showing 50 of 3,695 comments

Lee Chee Wee

Where to find PE only 3.17 ? cheapest in the market. If we value PE 6 price should double from here.

2024-03-25 22:11

curiousq

Lee Chee Wee
Where to find PE only 3.17 ? cheapest in the market. If we value PE 6 price should double from here.
15 minutes ago

Really? How you calculate PE?

2024-03-25 22:32

Lee Chee Wee

Current price divided earnings per share. EPS 8.37

2024-03-26 23:35

khooowen

Lee Chee Wee So, the price should be how much now?

2024-03-26 23:54

curiousq

Lee Chee Wee
Current price divided earnings per share. EPS 8.37
19 hours ago

EPS 8.37sen, how you get this?

2024-03-27 19:28

soffone85

get out and find support at 21-23 cents

2024-03-29 16:55

Whiteevoque

Very undervalued stock. With current bullish in oil and gas sector, m&g and its peers will keep showing profitable results. Fair price should be at least 65-70 sen

2024-03-30 02:31

curiousq

Lee Chee Wee
Current price divided earnings per share. EPS 8.37
5 days ago

EPS= 8.37 is your prediction for this year earning?

2024-04-01 15:52

Miguel_Felix

its coming

2024-04-02 08:59

Whiteevoque

Looking good to reach 31/34 soon

2024-04-03 01:18

Bull13

OSV players: Icon Offshore, Perdana, M&G. All already moved due to bright business prospect except M&G. Very undervalued counter. Anytime now...💰💰

2024-04-04 09:50

Miguel_Felix

after raya show start

2024-04-05 10:21

BanyakZhun

Uptrend from now..?

2024-04-08 19:26

Lee Chee Wee

EPS till Jan 31, 2024 this year 8.34 for financial year Apr 30, 2024..meaning the latest announced profit.

2024-04-22 13:22

goldmanbull

Can someone show me how to get EPS 8.37? Try to sum up the last 4 quarters individually...
1.42 + 0.33 + 0.37 + 0.60 = 1.43 only. Huge difference. Please check!

2024-04-26 14:18

goldmanbull

Lee Chee Wee, please check. If not the case, this counter is overvalued!

2024-04-26 14:31

goldmanbull

Please sell! It is tremendously overvalued! Wrong EPS calculation in i3 investor and KLSE platform. Try adding EPS for last 4 quarters to get the real EPS.

2024-04-26 16:30

newbietrader9

buy on dip

2024-05-08 11:51

Semplicita

Wanna take off soon 😅

2024-05-09 22:05

dlyc85

goldmanbull! you are correct. EPS for M&G look not correct. EPS 8.37 look wong info.

2024-05-15 16:38

dlyc85

but if this company still can earn money then still ok. correct EPS should be 2.72, PE9

2024-05-15 16:40

cicakman

Anyone knoe when approx .next FYR announcement?

2024-05-30 10:34

cicakman

Waaa... here nobody except ghost🤣🤣🤣

2024-05-31 09:55

cicakman

M&G oso ok bah!

2024-06-04 09:14

cicakman

Still ghost town 🤣

2024-06-14 18:53

Lee Chee Wee

Congratulations to all who stay invested in this stock. Uptrend continues. Broke out from 0.30 bullish. Next level will be 0.50.

2024-06-15 10:18

Miguel_Felix

start your engine!

2024-07-23 17:22

Willy888

Miguel excellent!

2024-07-24 15:47

cicakman

Back to square one🤣🤣🤣.

2024-07-25 12:45

cicakman

Here got ghost only.🤣🤣🤣
Midterm 0.60 ¢ +

2024-07-26 10:06

Willy888

Mr Miguel your TP please.

2024-07-26 10:31

cicakman

Tomolo is 31st July.

2024-07-30 11:37

Joe

Was there a devident declared from this company

2024-07-30 23:08

Superb99

Nice profit but lousy price

2024-07-30 23:45

Miguel_Felix

accumulate now, uptrending soon

2024-07-31 11:48

damansaraeagle

Failed

2024-08-05 12:24

elcarle

Marine & General (M&G) - Cheapest OSV Player on Bursa: The Markings & pathway of a Gem Growth stock

A closed door meeting was held with M&G Senior Management recently along with a follow up Meeting with Investors and its all system go and smooth sailing ahead. Some key takeaways from the meeting:

- ⁠Beneficiary of Petronas Ramp up in Spending and Severe Lack of Vessels in the Market: Charter rates has been trending upwards due to sustained oil prices and ramp up in O&G activities, where demand for Vessels far outstrip the supply available in the market currently. Even ship builders are enjoying brisk business with yard capacities are beyond ordinary times and unable to cope with the demand for new builts. Refer to Keyfield latest announcements on contract wins to get a feel of latest charter rates.

- New orders are forthcoming with at least 8-9 New POV Contracts (In excess of RM500mil worth) expected to be announced soon. Management is cautiously optimistic of its fortune over the next 6 years the least with orders in hand and upcoming orders expected to keep them busy.

- Expansion into the tanker market in Middle East set to come to fruition within the next year with more contracts to be secured in this segment serving from Dubai to markets in India.

Assuming M&G achieves a revenue of RM450-500 million in FY25 with net margins of at least 15-18% (conservative given the higher charter rates the market commands currently) this would result in a net profit of at least RM70-90 million, implying that M&G is trading at an ultra low and extremely undemanding valuation of 3x PE (even on a fully diluted basis, its forward PE is still well below OSV Industry averages of 10-12x, players of which has rallied tremendously over the course of the year with Market Cap exceeding half a billion (M&G is at mere RM239 million) Currently the stock is under-researched with no research coverage.

M&G deserves to be pegged at a PER of 10-12x, given its robust order book and upcoming replenishments along with its expansion plans overseas in the tanker market. With the above PE, it is reasonable to arrive at a fair value range of RM1.10-1.33 (Management and Major shareholder has assured that there wont be immediate dilution from the potential conversion of Preference Shares which will be maturing in the year 2030). From current levels, the upside is easily 3-4x, giving the stock ample room to run and narrow the gap to its implied fair value.

2 months ago

Luka77

Cheapest OSV player not M&G la dik

2 months ago

cicakman

Possible RM500 million contract from Petronas.👍

2 months ago

cicakman

Cheapest OGSE M&G then Sealink.

2 months ago

cicakman

Where's everybody ?😃.

1 month ago

DragonLim

Last 2 hours increased 4 cents.

1 month ago

mudaBubu

One day show only

1 month ago

cicakman

Stay sideline .
Up or down are daily affair for
investors .
Contra are not encourage.

1 month ago

DragonLim

Today is still going up.

1 month ago

Miguel_Felix

Brent went up, got show today?

1 month ago

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