Mermaid Maritime PCL (SGX:DU4) EBIT: S$28.2 Mil (TTM As of Jun. 2026)

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SGX:DU4 Mermaid Maritime PCL SGX:DU4
47 GF Score
Price S$0.10
GF Value S$0.09
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Mermaid Maritime PCL EBIT?

Mermaid Maritime PCL SGX:DU4 47 EBIT is S$28.2 Mil as of Jun. 2026. GuruFocus rates SGX:DU4 with a GF Score™ of 47/100 and a GF Value™ of S$0.09 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Mermaid Maritime PCL's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was S$-4.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was S$28.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mermaid Maritime PCL's annualized ROC % for the quarter that ended in Jun. 2026 was -7.07%. Mermaid Maritime PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -7.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mermaid Maritime PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 12.42%.


Mermaid Maritime PCL  (SGX:DU4) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mermaid Maritime PCL's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-29.556 * ( 1 - 19.63% )/( (340.234 + 331.728)/ 2 )
=-23.7541572/335.981
=-7.07 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=573.783 - 144.385 - ( 89.164 - max(0, 170.247 - 295.563+89.164))
=340.234

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=558.019 - 140.78 - ( 85.511 - max(0, 165.561 - 280.279+85.511))
=331.728

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mermaid Maritime PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.224/( ( (200.472 + max(55.936, 0)) + (196.31 + max(47.871, 0)) )/ 2 )
=-18.224/( ( 256.408 + 244.181 )/ 2 )
=-18.224/250.2945
=-7.28 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(199.81 + 0.512 + -0.0010000000000332) - (144.385 + 0 + 2.8421709430404E-14)
=55.936

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.511 + 0.599 + 1.5410000000001) - (140.78 + 0 + 0)
=47.871

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mermaid Maritime PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=28.204/227.136
=12.42 %

* 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 EBIT Related Terms


Mermaid Maritime PCL EBIT Historical Data

* Premium members only.

The historical data trend for Mermaid Maritime PCL's EBIT 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.

Mermaid Maritime PCL EBIT Chart

Mermaid Maritime PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.12 7.08 22.42 33.90 21.98

Mermaid Maritime PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT 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 -6.93 25.40 10.90 -3.53 -4.56

SGX:DU4 vs SLB, BKR, FTI: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

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

* The bar in red indicates where Mermaid Maritime PCL's EV-to-EBIT falls into.


SGX:DU4
47GF Score
Mermaid Maritime PCL SGX:DU4
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mermaid Maritime PCL EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was S$28.2 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of S$28.2 Mil mean?
Mermaid Maritime PCL (SGX:DU4) has a EBIT of S$28.2 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mermaid Maritime PCL.
Is Mermaid Maritime PCL's EBIT too high?
Mermaid Maritime PCL's current EBIT is S$28.2 Mil. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's EBIT compare to SLB and BKR?
Mermaid Maritime PCL's EBIT of S$28.2 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mermaid Maritime PCL. Mermaid Maritime PCL's current EBIT is S$28.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (SGX:DU4) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.10 — trading 13.3% above its estimated fair value. The current EBIT is S$28.2 Mil. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Mermaid Maritime PCL (SGX:DU4), the current EBIT is S$28.2 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mermaid Maritime PCL (SGX:DU4) Overvalued in 2026?

Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued. The current stock price of S$0.10 is trading 13.3% above its estimated GF Value™ of S$0.09. GuruFocus considers Mermaid Maritime PCL to be Modestly Overvalued.

Key valuation signals for SGX:DU4:

  • EBIT: S$28.2 Mil
  • GF Value™: S$0.09 vs. price of S$0.10 (13.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs

No single metric tells the full story. See the SGX:DU4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mermaid Maritime PCL Business Description

Industry EnergyOil & Gas
Other Exchanges MMMPF:USA
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.
47GF Score

Get the complete analysis for SGX:DU4

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.10
Price
S$0.09
GF Value