Added to YB: 2026-04-07
Pitch date: 2026-04-03
MRPMF [bullish]
Marco Polo Marine Ltd.
+5.11%
current return
Author Info
No bio for this author
Company Info
Marco Polo Marine Ltd., together with its subsidiaries, operates as an integrated marine logistic company in Singapore, Indonesia, Taiwan, Thailand, Malaysia, and internationally.
Market Cap
SGD 535.2M
Pitch Price
SGD 0.14
Price Target
N/A
Dividend
1.09%
EV/EBITDA
10.69
P/E
8.79
EV/Sales
4.53
Sector
Marine Transportation
Category
growth
Marco Polo Marine - Upcycle Incoming?
MRPMF: Asian marine logistics co w/ 65% rev from OSV chartering, 35% shipyard. Q1/FY26 rev +27% to $33m, ship chartering +53% on fleet expansion & utilization recovery to 76%. FY25 EBITDA $50m (+17%), gross margin 44%. 10x EV/EBITDA (FY25), 7.7x if 30% growth holds FY26. MP Wind Archer (CSOV) deployed w/ SGRE, 3-yr Vestas charter. Secured $198m ORV build, $118m 15-yr Taiwan towage contract. 40% Asia OSV fleet to exit 5yrs, tight market. Taiwan/S.Korea offshore wind expansion tailwind. Recent $21m equity raise (4% dilution) for fleet growth.
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