Marco Polo Marine Ltd. (5LY) AI Stock Analysis

• Market Cap: S$623.08M
• Dividend Yield: 0.6%
• Average Volume (3M): 43.38M
• Price to Earnings (P/E): 10.6
• Beta (1Y): 1.28
• Revenue Growth: -0.58%
• EPS Growth: 23.33%
• Country: SG
• Employees: 404
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): <0.01
• Shares Outstanding: 3,757,717,000
• 10 Day Avg. Volume: 51,792,140
• 30 Day Avg. Volume: 43,382,630
• PEG Ratio: 0.03
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 2.32
• P/FCF Ratio: -9.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.09
• Price Target Upside: 12.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: S$0.17 ▲(110.00% Upside)

Marco Polo Marine Ltd. has a strong financial foundation with impressive profitability and a stable balance sheet. However, liquidity concerns from negative free cash flow and overbought technical indicators suggest caution. The stock's reasonable valuation offers some upside potential, but investors should monitor cash flow management closely.

Positive Factors

Profitability

Strong profitability metrics indicate efficient cost management and robust bottom-line performance, supporting long-term financial health.

Balance Sheet Health

A conservative leverage and high return on equity showcase effective use of funds and financial stability, enhancing resilience against economic fluctuations.

Operational Efficiency

High operational efficiency reflects the company's ability to convert revenue into profit effectively, ensuring sustainable growth and competitive advantage.

Negative Factors

Free Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, which could impact the company's ability to invest in growth opportunities or weather financial downturns.

Revenue Growth Concerns

Declining revenue growth may signal challenges in market expansion or competitive pressures, potentially affecting long-term business prospects.

Debt Increase

Rising debt levels, despite low leverage, could strain financial resources, limiting strategic flexibility and increasing vulnerability to interest rate changes.

Marco Polo Marine Ltd. Business Overview & Revenue Model

Company Description

Marco Polo Marine Ltd. (5LY) is a Singapore-based company that specializes in the marine and offshore industry, focusing primarily on marine logistics and support services. The company operates in various sectors, including shipbuilding, repair and maintenance, and offshore support services, catering to the needs of the oil and gas industry as well as the broader maritime sector. Marco Polo Marine is known for its fleet of vessels, which includes tugboats, barges, and offshore support vessels, enabling it to provide comprehensive marine solutions to its clients.

How the Company Makes Money

Marco Polo Marine generates revenue through several key streams, primarily from the provision of marine logistics services, which includes the chartering of vessels to oil and gas companies and other maritime operators. The company also earns income from shipbuilding and repair services, where it constructs and maintains various types of vessels for its clients. Additionally, Marco Polo Marine engages in the sale of marine equipment and supplies, contributing to its earnings. Strategic partnerships with oil and gas firms and other maritime service providers enhance its market reach and stability, while favorable contracts and long-term charters help secure consistent revenue.

Marco Polo Marine Ltd. Financial Statement Overview

Summary

Marco Polo Marine Ltd. shows strong financial performance with robust revenue growth and profitability, supported by a stable balance sheet with low leverage. However, cash flow challenges, particularly in free cash flow, suggest potential liquidity risks.

Income Statement

Marco Polo Marine Ltd. has demonstrated strong revenue growth with a 7.12% increase in the latest year, alongside impressive profitability metrics. The company boasts a high gross profit margin of 44.15% and a net profit margin of 47.65%, indicating efficient cost management and strong bottom-line performance. The EBIT and EBITDA margins are also robust at 59.07% and 71.59%, respectively, reflecting solid operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Marco Polo Marine Ltd. is characterized by a low debt-to-equity ratio of 0.20, indicating conservative leverage and financial stability. The return on equity is strong at 24.50%, showcasing effective use of shareholder funds to generate profits. The equity ratio stands at 68.35%, suggesting a solid capital structure with a significant portion of assets financed by equity. While the company maintains a healthy balance sheet, the increase in total debt over the years warrants monitoring.

Cash Flow

The cash flow statement reveals some challenges, with a negative free cash flow growth rate of -10.44% and a free cash flow to net income ratio of -0.72, indicating cash flow issues relative to net income. However, the operating cash flow to net income ratio is 0.92, suggesting that operating activities are generating cash close to net income levels. While operating cash flow remains strong, the negative free cash flow highlights potential liquidity concerns that need addressing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	114.65M	122.81M	123.53M	127.13M	86.09M	46.11M
Gross Profit	47.92M	54.22M	48.52M	45.74M	27.48M	12.01M
EBITDA	28.56M	87.92M	39.74M	42.67M	32.19M	22.21M
Net Income	21.32M	58.52M	21.70M	22.58M	21.34M	14.78M
Balance Sheet
Total Assets	287.16M	349.29M	276.94M	229.08M	188.11M	139.58M
Cash, Cash Equivalents and Short-Term Investments	45.62M	52.25M	68.77M	63.10M	53.51M	20.35M
Total Debt	34.62M	48.06M	40.32M	8.54M	3.76M	4.47M
Total Liabilities	77.42M	85.02M	75.86M	45.19M	36.45M	24.70M
Stockholders Equity	193.93M	238.86M	183.63M	167.84M	138.88M	114.88M
Cash Flow
Free Cash Flow	-32.95M	-29.51M	-24.17M	-4.27M	24.06M	6.60M
Operating Cash Flow	41.33M	40.77M	37.63M	28.11M	28.66M	8.83M
Investing Cash Flow	-62.33M	-56.49M	-55.98M	-22.82M	3.43M	-2.23M
Financing Cash Flow	15.00M	-936.00K	25.22M	6.05M	-755.00K	-322.00K

Marco Polo Marine Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5LY, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.12, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 85.94 is Negative, neither overbought nor oversold. The STOCH value of 94.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5LY.

Marco Polo Marine Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5UL	76 Outperform	S$54.45M	1.14	5.32%	341.83%	-86.29%	20.88%
RXS	72 Outperform	S$142.61M	3.87	―	0.51%	―	―
5LY	65 Neutral	S$623.08M	10.64	27.61%	0.60%	-0.58%	23.33%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
A04	61 Neutral	S$252.11M	16.55	―	0.82%	―	―
F83	53 Neutral	S$541.90M	46.54	1.18%	―	6.34%	160.00%

Marco Polo Marine Ltd. Corporate Events

Marco Polo Marine Expands Fleet with New AHTS Vessels

Marco Polo Marine Ltd. has announced the strategic expansion of its fleet with the addition of two new Anchor Handling Tug Supply (AHTS) vessels valued at approximately US$34 million. These vessels, expected to join the fleet in 2026, are designed to enhance the company’s capabilities in the offshore oil & gas and renewable energy sectors, particularly in Southeast Asia. This move aligns with the company’s diversification strategy and is expected to bolster its industry positioning.

Marco Polo Marine Secures S$100 Million in Ship Chartering Contracts

Marco Polo Marine Ltd. has secured ship chartering contracts worth approximately S$100 million, reflecting a robust order book that extends over the next three years. This development underscores the company’s strong market position and growth trajectory in the offshore oil & gas and renewable energy sectors, providing revenue visibility and confidence to investors.

Marco Polo Marine Partners with Salt Ship Design for Innovative CSOV Plus

Marco Polo Marine Ltd. has announced a collaboration with Salt Ship Design to construct a pioneering Commissioning Service Operation Vessel Plus (CSOV Plus) in Batam. This vessel, designed for exceptional versatility, marks a significant advancement in the offshore wind and subsea industries, potentially strengthening Marco Polo Marine’s market position and offering enhanced capabilities to stakeholders.

Marco Polo Marine’s Subsidiary PKRO Plans Taiwan Listing to Expand Wind Vessel Fleet

Marco Polo Marine Ltd. announced a strategic initiative to list its 49%-owned subsidiary, PKR Offshore Co. Ltd., in Taiwan by the third quarter of 2026. This move aims to raise capital for expanding PKRO’s fleet of specialized offshore wind vessels, enhancing the company’s presence in the renewable energy sector and accessing new capital markets.

Marco Polo Marine Secures Major Contracts Boosting Ship Repair Operations

Marco Polo Marine Ltd. has achieved a significant milestone by securing its first ship repair contract for its newly launched fourth dry dock, valued at approximately S$5 million. Additionally, the company has entered into a three-year master service agreement with Cyan Renewables for ship repairs and maintenance. These developments underscore the strong demand for Marco Polo Marine’s services and are expected to positively impact the company’s revenue and growth for the remainder of FY2025 and into FY2026.

Marco Polo Marine Announces Change in Joint Company Secretary

Marco Polo Marine Ltd., a company incorporated in Singapore, has announced a change in its joint company secretary. Ms. Lim Yoke Jing will take over as the new Joint Secretary, replacing Mr. Kwan Hon Kay @ Lawrence Kwan, who has resigned effective August 18, 2025. The company expressed its gratitude for Mr. Kwan’s contributions during his tenure.

Marco Polo Marine’s Strategic Deployment of First CSOV Boosts Growth Prospects

Marco Polo Marine Ltd. has successfully deployed its first Commissioning Service Operation Vessel (CSOV), which is expected to drive growth in the second half of FY2025 and beyond. Despite a decline in revenue due to lower shipyard operations and rechartering income, the company maintained stable ship repair earnings and improved its gross profit margin to 44%, signaling positive momentum for future operations.

Marco Polo Marine Ltd Strikes Off Dormant Joint Venture

Marco Polo Marine Ltd announced the striking off of M Renewables Co., Ltd, a dormant indirect joint venture in which it held a 49% stake, from the Companies Register of the Cayman Islands. This move is not expected to impact the company’s financial metrics, such as earnings per share or net tangible assets, for the fiscal year ending September 2025, and no directors or substantial shareholders have a direct or indirect interest in the transaction.