Marco Polo Marine Ltd. (SG:5LY)
SGX:5LY
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Marco Polo Marine Ltd.
(SGX:5LY)
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Rating:75Outperform
Price Target:
S$0.16
▲(103.75% Upside)
Action:ReiteratedDate:03/04/26
The score is driven primarily by strong profitability and a conservative balance sheet, partially offset by weak free cash flow trends. Technicals are supportive with the price above major moving averages and positive MACD, but momentum indicators suggest the stock is becoming extended. Valuation also helps, with a moderate P/E and a positive dividend yield.
Positive Factors
High profitability and margins
Sustained ultra-high margins indicate durable pricing power and tight cost control across chartering and shipyard services. Such structural profitability supports reinvestment, resilience through shipping cycles, and capacity to fund operations and dividends without relying solely on external financing.
Negative Factors
Weak free cash flow conversion
Negative FCF growth and poor conversion of earnings to free cash flow point to persistent liquidity stress despite accounting profitability. Over months this limits self-funding for capex, repairs, or dividend sustainability and may necessitate external financing in downturns, raising structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
Sustained ultra-high margins indicate durable pricing power and tight cost control across chartering and shipyard services. Such structural profitability supports reinvestment, resilience through shipping cycles, and capacity to fund operations and dividends without relying solely on external financing.
Read all positive factors
Marco Polo Marine Ltd. (5LY) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$581.49M
Dividend Yield0.6%
Average Volume (3M)46.57M
Price to Earnings (P/E)4.9
Beta (1Y)1.29
Revenue Growth-0.58%
EPS Growth23.33%
CountrySG
Employees404
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
Shares Outstanding3,906,819,000
10 Day Avg. Volume59,332,750
30 Day Avg. Volume46,569,856
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.19
Price to Sales (P/S)2.32
P/FCF Ratio-9.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.20Price Target Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)<0.01
Revenue Forecast (FY)S$194.15M
Marco Polo Marine Ltd. Business Overview & Revenue Model
Company Description
Marco Polo Marine Ltd., an investment holding company, operates as an integrated marine logistic company primarily in Singapore, Indonesia, Australia, Myanmar, Taiwan, and Malaysia. The company operates through Ship Chartering Services; and Ship B...
How the Company Makes Money
Marco Polo Marine makes money primarily by (1) earning charter income from providing vessels for hire to customers and (2) generating shipyard/service income from marine engineering work such as vessel repair and maintenance. Chartering revenue ty...
Marco Polo Marine Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 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
Positive
0.08
Price Trends
0.15
Positive
0.15
Positive
0.11
Positive
Market Momentum
>-0.01
Negative
57.06
Neutral
74.31
Neutral
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 0.15, and below the 200-day MA of 0.11, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.06 is Neutral, neither overbought nor oversold. The STOCH value of 74.31 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$581.49M | 4.87 | 7.89% | 0.60% | -0.58% | 23.33% | |
75 Outperform | S$581.15M | 4.53 | 39.11% | ― | ― | ― | |
71 Outperform | S$126.61M | ― | 43.88% | 0.49% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | S$61.25M | 6.43 | 23.71% | 348.53% | -86.29% | 20.88% | |
60 Neutral | S$519.50M | 68.26 | 1.18% | ― | 6.34% | 160.00% | |
53 Neutral | S$324.15M | ― | 12.68% | 0.78% | ― | ― |
* Industrials Sector Average
SG:5LY
Marco Polo Marine Ltd.
0.15
0.11
302.70%
SG:5UL
Atlantic Navigation Holdings (Singapore) Ltd.
0.12
0.08
192.50%
SG:A04
ASL Marine Holdings Ltd.
0.32
0.26
452.63%
SG:F83
COSCO Shipping International Singapore Co Ltd
0.12
>-0.01
-0.85%
SG:1MZ
Nam Cheong Limited
1.48
0.95
179.25%
SG:RXS
Pacific Radiance Ltd.
0.09
0.06
190.00%
Marco Polo Marine Ltd. Corporate Events
Marine Veteran Michael Kum Becomes Substantial Shareholder in Marco Polo Marine
Mar 6, 2026
Marine logistics provider Marco Polo Marine has drawn increased backing from veteran maritime executive Michael Kum, who has raised his stake to about 225 million shares, or 5.77% of the company, becoming a substantial shareholder. The move, execu...
Marco Polo Marine Raises S$21 Million in Oversubscribed Private Placement
Mar 4, 2026
Marco Polo Marine has completed a private placement raising approximately S$21 million through the issuance of 144,865,920 new ordinary shares at S$0.145 each. The funds were secured via a transaction arranged by Maybank Securities, targeting sele...
Marco Polo Marine Lifts Revenue 27% on Offshore Wind Chartering Surge
Feb 16, 2026
Marco Polo Marine reported a strong start to FY2026, with first-quarter revenue rising 27% year-on-year to S$32.8 million, driven mainly by a 53% surge in ship chartering operations. Gross profit climbed 32% to S$14.0 million and margins improved ...
Marco Polo Marine Details Procedures at Twentieth Annual General Meeting
Feb 13, 2026
Marco Polo Marine Ltd. held its twentieth annual general meeting in Singapore on 23 January 2026, with the board of directors, company secretaries and external auditors in attendance and a valid quorum established. The meeting followed formal proc...
Marco Polo Marine’s MP Wind Archer Named Offshore Energy Vessel of the Year
Feb 4, 2026
The company’s CSOV MP Wind Archer, built through its Batam yard and operated via subsidiary PKR Offshore, won Offshore Energy Vessel of the Year at the OSJ 2026 awards, affirming its design and operational standards. The accolade underscores...
Marco Polo Marine Reshuffles Board Committee Line-Up to Strengthen Governance
Jan 23, 2026
Marco Polo Marine has reconstituted its board committees, announcing a refreshed structure for its Audit, Nominating and Remuneration Committees with immediate effect. Independent director Koh Chun Yuan now chairs both the Audit and Remuneration C...
Veteran Marine Investor Michael Kum’s Halom Investments Buys 150 Million Marco Polo Marine Shares
Jan 22, 2026
Halom Investments Pte. Ltd., an entity controlled by veteran marine industry figure Michael Kum, has acquired 150 million shares of Marco Polo Marine Ltd. from existing shareholder Apricot Capital Pte. Ltd. in a secondary market transaction on 22 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.