Neptune Marine Services Limited (NMS)

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General Information
Company Name: Neptune Marine Services Limited
Stock Code: NMS
GICS Sub-Industry: Oil & Gas Equipment & Services
Market Cap ($M): 83
Equiv. Shares (M): 62

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.350 $ 0.000 $ 0.000 $ 0.000 $ 1.350 0 0%

Company Overview

Business Description:
Neptune Marine Services Limited (NMS) is a provider of services and integrated engineered solutions to international oil and gas, marine and renewable energy industries. NMS’s primary focus is offshore oil and gas sector with operations in the key regions of Australia, Asia and the UK.

Strategy Analysis:
NMS's strategy is to establish itself as a whole-of-life-cycle oilfield services company with a global capability. This is to be achieved through a combination of acquisition, organic growth, integration of services and resources and the attraction and retention of quality staff. Acquisitions have been the primary growth driver and include; Allied Diving, Territory Diving, Subsea Developments, Link Weld Engineering, US Underwater Services, Subsea Engineering Services and Sea-Struct Pty Ltd. New JV partnerships and alliances have also been entered in order to strengthen its NEPSYS division. NMS's strategy going forward includes: expanding NMS's global capabilities and global client base with a focus on Asia and developing its deepwater expertise. Neptune Marine Services reported NPAT of $20.97m for the year ended 30 June 2009. Revenue from ordinary activities were $188.96m. Diluted EPS was 6.85 cents compared to 2.95 cents last year. Net operating cash flow was $35.42m compared to $10.92m last year. No dividend was declared.

Financial Summary
Year to Mar NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 4.8 7.7 -- 15.4 0.0 0.0 --
2013  A -0.8 -1.4 -135.0 0.0 0.0 0.0 --
2012  A 1.2 4.0 -- 21.2 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Neptune Marine (NMS) $83 M -- -- -- 17.5325 -- -- 0.00 -- --
WorleyParsons (WOR) $3,943 M -0.1835 0.1343 0.1460 15.2649 13.4580 11.7438 5.25 5.33 5.71

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NMS -- 17.5 1.06 -- 0.61
Market 0.93 15.6 1.29 1.75 1.55
Sector 1.22 11.5 0.78 0.65 6.09

Name Position Start Date
Mr Robin King Chief Executive Officer,Executive Director 25 June 2013
Mr Boon Wee Kuah Non-Executive Chairman 16 March 2011
Mr Peter Wallace Non-Executive Director 08 July 2011
Mr Dominic Siu Non-Executive Director 25 June 2013

Name Position
Ashley Robertson Chief Financial Officer
Vincent Allegre Chief Operating Officer
John Louden Company Secretary

Substantial Shareholders
Holding Name
1,605,524,729 (86.81%) Blossomvale Investments Pte Ltd

Calendar of Events
Date Event
29 May 2015 Report (Annual)
29 May 2015 Report (Prelim)
21 November 2014 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


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