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
Market Cap
Market Cap
273 Million
NOSH
781 Million
Latest Quarter
Latest Quarter
31-Jul-2024 [#1]
Announcement Date
27-Sep-2024
Next Quarter
31-Oct-2024
Est. Ann. Date
15-Dec-2024
Est. Ann. Due Date
30-Dec-2024
QoQ | YoY
-33.23% | 75.35%
T4Q Result
Revenue | NP to SH
354,484.000 | 53,960.000
RPS | P/RPS
45.40 Cent | 0.77
EPS | P/E | EY
6.91 Cent | 5.07 | 19.74%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.55 | 0.63
QoQ | YoY
11.54% | -1.6%
NP Margin | ROE
21.14% | 12.53%
F.Y. | Ann. Date
31-Jul-2024 | 27-Sep-2024
Latest Audited Result
Latest Audited Result
30-Apr-2024
Announcement Date
30-Aug-2024
Next Audited Result
30-Apr-2025
Est. Ann. Date
30-Aug-2025
Est. Ann. Due Date
27-Oct-2025
Annual (Unaudited)
Revenue | NP to SH
347,920.000 | 48,377.000
RPS | P/RPS
44.55 Cent | 0.79
EPS | P/E | EY
6.20 Cent | 5.65 | 17.70%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.53 | 0.66
YoY
4.09%
NP Margin | ROE
19.80% | 11.63%
F.Y. | Ann. Date
30-Apr-2024 | 21-Jun-2024
Annualized Result
Revenue | NP to SH
364,768.000 | 51,980.000
RPS | P/RPS
46.71 Cent | 0.75
EPS | P/E | EY
6.66 Cent | 5.26 | 19.02%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
7.45% | 75.35%
NP Margin | ROE
19.02% | 12.07%
F.Y. | Ann. Date
31-Jul-2024 | 27-Sep-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 7 / 8 | 87.50% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 6 / 8 | 75.00% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Average ROE | 3.52% | 4.91% | ||
| Average Net Profit Margin | 21.42% | 23.39% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Total Positive Profit Years | 3 / 5 | 60.00% | 4 / 10 | 40.00% |
| Continuous Quarters Of Positive Profit | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Continuous Quarters Of Profit Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Continuous Quarters Of Adjusted EPS Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Dividend Years | 0 / 5 | 0.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Dividend | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | -20.26% | -16.10% | ||
| Average Net Profit Margin | 1.82% | -3.82% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 354,484 | 364,768 | 347,920 | 195,992 | 254,337 |
| NP to SH | 53,960 | 51,980 | 48,377 | 2,983 | 5,409 |
| Dividend | 0 | 0 | 0 | 70,998,052 | 0 |
| Adjusted EPS | 6.91 | 6.66 | 6.20 | 0.39 | 0.72 |
| Adjusted DPS | 0.00 | 0.00 | 0.00 | 9,392.78 | 0.00 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 9.79% | 7.76% | 7.76% | 2.90% | 8.73% |
| NP to Owner | -33.23% | 75.35% | 75.35% | -3.67% | -4.45% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | -33.23% | 75.35% | 75.35% | -3.67% | -4.45% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.89% | 39.38% | 80.87% | 4.84% | 43.42% | 86.11% | 13.26% | 36.79% | 77.52% |
| NP to Owner | 11.54% | 897.56% | 1,708.61% | 7.45% | 860.96% | 1,642.25% | 4.09% | 794.35% | 1,521.48% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | 11.54% | 897.56% | 1,708.61% | 7.45% | 860.96% | 1,642.25% | 4.09% | 794.35% | 1,521.48% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
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.
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
19 hours ago
EPS 8.37sen, how you get this?
2024-03-27 19:28
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
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
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
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
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
Lee Chee Wee, please check. If not the case, this counter is overvalued!
2024-04-26 14:31
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
goldmanbull! you are correct. EPS for M&G look not correct. EPS 8.37 look wong info.
2024-05-15 16:38
but if this company still can earn money then still ok. correct EPS should be 2.72, PE9
2024-05-15 16:40
https://klse.i3investor.com/web/blog/detail/targetinvest/2024-05-23-story-h-161456242-MALAYSIA_HYDROGEN_ECOSYSTEM_LCTITAN_MISC_M_G
misc up
m&g up
dialog up
2024-05-23 15:49
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
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
Stay sideline .
Up or down are daily affair for
investors .
Contra are not encourage.
1 month ago
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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