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Marine Petroleum Trust

Nasdaq:MARP.S
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MARP.S
Nasdaq
$4M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Marine Petroleum Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Marine Petroleum Trust has significant price volatility in the past 3 months.
MARP.S Share Price and Events
7 Day Returns
-7.5%
NasdaqCM:MARP.S
-2.9%
US Oil and Gas
0.9%
US Market
1 Year Returns
-27.5%
NasdaqCM:MARP.S
-13.7%
US Oil and Gas
16.8%
US Market
MARP.S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marine Petroleum Trust (MARP.S) -7.5% -0.5% -13.2% -27.5% -36.7% -84.9%
US Oil and Gas -2.9% 0.9% -0.2% -13.7% -19% -35.8%
US Market 0.9% 4.5% 6.2% 16.8% 38% 44.1%
1 Year Return vs Industry and Market
  • MARP.S underperformed the Oil and Gas industry which returned -13.7% over the past year.
  • MARP.S underperformed the Market in United States of America which returned 16.8% over the past year.
Price Volatility
MARP.S
Industry
5yr Volatility vs Market

Value

 Is Marine Petroleum Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marine Petroleum Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marine Petroleum Trust.

NasdaqCM:MARP.S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in USD $ .325830
Payout Ratio Company Filings (2019-09-30) 0%
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:MARP.S
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.901 (1 + (1- 21%) (0%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.184 * 5.96%)
9.78%

Discounted Cash Flow Calculation for NasdaqCM:MARP.S using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Marine Petroleum Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NasdaqCM:MARP.S Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.33 / (9.78% - 2.73%)
$4.62
NasdaqCM:MARP.S Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.62
Current discount Discount to share price of $2.10
= -1 x ($2.10 - $4.62) / $4.62
54.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Marine Petroleum Trust is available for.
Intrinsic value
>50%
Share price is $2.1 vs Future cash flow value of $4.62
Current Discount Checks
For Marine Petroleum Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marine Petroleum Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Marine Petroleum Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marine Petroleum Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marine Petroleum Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MARP.S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.27
NasdaqCM:MARP.S Share Price ** NasdaqCM (2019-11-20) in USD $2.1
United States of America Oil and Gas Industry PE Ratio Median Figure of 99 Publicly-Listed Oil and Gas Companies 9.91x
United States of America Market PE Ratio Median Figure of 2,923 Publicly-Listed Companies 18.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marine Petroleum Trust.

NasdaqCM:MARP.S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MARP.S Share Price ÷ EPS (both in USD)

= 2.1 ÷ 0.27

7.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marine Petroleum Trust is good value based on earnings compared to the US Oil and Gas industry average.
  • Marine Petroleum Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Marine Petroleum Trust's expected growth come at a high price?
Raw Data
NasdaqCM:MARP.S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 84 Publicly-Listed Oil and Gas Companies 0.23x
United States of America Market PEG Ratio Median Figure of 2,042 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Marine Petroleum Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Marine Petroleum Trust's assets?
Raw Data
NasdaqCM:MARP.S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.47
NasdaqCM:MARP.S Share Price * NasdaqCM (2019-11-20) in USD $2.1
United States of America Oil and Gas Industry PB Ratio Median Figure of 187 Publicly-Listed Oil and Gas Companies 0.83x
United States of America Market PB Ratio Median Figure of 5,094 Publicly-Listed Companies 1.76x
NasdaqCM:MARP.S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MARP.S Share Price ÷ Book Value per Share (both in USD)

= 2.1 ÷ 0.47

4.5x

* Primary Listing of Marine Petroleum Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marine Petroleum Trust is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Marine Petroleum Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Marine Petroleum Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Marine Petroleum Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marine Petroleum Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marine Petroleum Trust expected to grow at an attractive rate?
  • Unable to compare Marine Petroleum Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Marine Petroleum Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Marine Petroleum Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MARP.S Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:MARP.S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MARP.S Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1 1
2019-06-30 1 1
2019-03-31 1 1
2018-12-31 1 1
2018-09-30 1 1
2018-06-30 1 1
2018-03-31 1 1
2017-12-31 1 1
2017-09-30 1 1
2017-06-30 1 1
2017-03-31 1 1
2016-12-31 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Marine Petroleum Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Marine Petroleum Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:MARP.S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Marine Petroleum Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MARP.S Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.27
2019-06-30 0.32
2019-03-31 0.33
2018-12-31 0.37
2018-09-30 0.35
2018-06-30 0.33
2018-03-31 0.38
2017-12-31 0.36
2017-09-30 0.38
2017-06-30 0.38
2017-03-31 0.30
2016-12-31 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Marine Petroleum Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Marine Petroleum Trust is trading at Marine Petroleum Trust'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Marine Petroleum Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Marine Petroleum Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Marine Petroleum Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marine Petroleum Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Marine Petroleum Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marine Petroleum Trust's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marine Petroleum Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Marine Petroleum Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Marine Petroleum Trust's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Marine Petroleum Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marine Petroleum Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MARP.S Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 0.82 0.55 0.27
2019-06-30 0.86 0.63 0.23
2019-03-31 0.91 0.67 0.24
2018-12-31 0.97 0.75 0.22
2018-09-30 0.91 0.70 0.21
2018-06-30 0.87 0.66 0.21
2018-03-31 0.96 0.76 0.19
2017-12-31 0.93 0.73 0.21
2017-09-30 0.97 0.77 0.20
2017-06-30 0.95 0.75 0.20
2017-03-31 0.80 0.59 0.21
2016-12-31 0.82 0.63 0.19
2016-09-30 0.80 0.61 0.19
2016-06-30 0.91 0.71 0.20
2016-03-31 1.01 0.81 0.19
2015-12-31 1.18 0.98 0.20
2015-09-30 1.68 1.48 0.20
2015-06-30 2.12 1.89 0.23
2015-03-31 2.64 2.35 0.28
2014-12-31 2.80 2.49 0.30
2014-09-30 3.08 2.78 0.30
2014-06-30 3.13 2.82 0.31
2014-03-31 3.10 2.83 0.27
2013-12-31 3.34 3.08 0.27
2013-09-30 3.08 2.78 0.30
2013-06-30 3.00 2.72 0.27
2013-03-31 3.05 2.77 0.28
2012-12-31 3.30 3.01 0.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Marine Petroleum Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Marine Petroleum Trust used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if Marine Petroleum Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Marine Petroleum Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marine Petroleum Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Marine Petroleum Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marine Petroleum Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Marine Petroleum Trust has not reported sufficient balance sheet data.
  • Marine Petroleum Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marine Petroleum Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Marine Petroleum Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marine Petroleum Trust Company Filings, last reported 1 month ago.

NasdaqCM:MARP.S Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 0.93 0.00 0.93
2019-06-30 0.97 0.00 0.97
2019-03-31 0.93 0.00 0.92
2018-12-31 0.98 0.00 0.98
2018-09-30 1.03 0.00 1.03
2018-06-30 0.99 0.00 0.98
2018-03-31 0.98 0.00 0.97
2017-12-31 0.94 0.00 0.94
2017-09-30 0.95 0.00 0.95
2017-06-30 1.02 0.00 1.02
2017-03-31 0.91 0.00 0.91
2016-12-31 0.86 0.00 0.85
2016-09-30 0.90 0.00 0.90
2016-06-30 0.82 0.00 0.82
2016-03-31 0.83 0.00 0.82
2015-12-31 0.83 0.00 0.82
2015-09-30 0.84 0.00 0.84
2015-06-30 0.80 0.00 0.79
2015-03-31 0.84 0.00 0.84
2014-12-31 1.11 0.00 1.11
2014-09-30 1.08 0.00 1.08
2014-06-30 1.13 0.00 1.13
2014-03-31 1.02 0.00 1.02
2013-12-31 1.25 0.00 1.25
2013-09-30 1.11 0.00 1.11
2013-06-30 1.10 0.00 1.09
2013-03-31 1.16 0.00 1.16
2012-12-31 1.10 0.00 1.09
  • Marine Petroleum Trust has no debt.
  • Marine Petroleum Trust has not taken on any debt in the past 5 years.
  • Marine Petroleum Trust has no debt, it does not need to be covered by operating cash flow.
  • Marine Petroleum Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Marine Petroleum Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marine Petroleum Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Marine Petroleum Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
15.52%
Current annual income from Marine Petroleum Trust dividends.
If you bought $2,000 of Marine Petroleum Trust shares you are expected to receive $310 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Marine Petroleum Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Marine Petroleum Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:MARP.S Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:MARP.S Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.326 14.778
2018-05-18 0.347 12.518
2017-05-19 0.276 7.495
2016-09-23 0.342 8.429
2015-09-25 1.114 24.553
2014-09-29 1.388 13.912
2013-09-26 1.407 8.630
2012-11-20 1.173 7.554
2012-08-21 1.535 7.181
2012-05-18 1.724 7.247
2012-02-17 2.009 7.908
2011-11-18 2.086 8.463
2011-08-19 2.160 10.168
2011-05-20 1.659 8.237
2011-02-17 1.435 6.779
2010-11-19 1.377 5.947
2010-08-20 1.499 8.094
2010-05-18 1.504 9.537
2010-02-16 1.293 7.300
2009-11-19 1.291 8.360
2009-08-21 0.984 6.590
2009-05-18 1.046 6.252
2009-02-17 1.206 6.979

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Marine Petroleum Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Marine Petroleum Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marine Petroleum Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marine Petroleum Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Marine Petroleum Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Marine Petroleum Trust has no CEO, or we have no data on them.
Management Team

Ron Hooper

TITLE
Senior Vice President of Simmons Bank
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Marine Petroleum Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marine Petroleum Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Marine Petroleum Trust's (NASDAQ:MARP.S) 78.3% ROE Strong Compared To Its Industry?

If MARP.S borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … View our latest analysis for Marine Petroleum Trust

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Is Marine Petroleum Trust (NASDAQ:MARP.S) Potentially Underrated?

Marine Petroleum Trust (NASDAQ:MARP.S) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level

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Should Marine Petroleum Trust (NASDAQ:MARP.S) Be Part Of Your Dividend Portfolio?

In the past 10 years Marine Petroleum Trust (NASDAQ:MARP.S) has returned an average of 9.00% per year to investors in the form of dividend payouts. … Check out our latest analysis for Marine Petroleum Trust How I analyze a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … Relative to peers, Marine Petroleum Trust produces a yield of 7.76%, which is high for Oil and Gas stocks.Next Steps: Whilst there are few things you may like about Marine Petroleum Trust from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

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Is Marine Petroleum Trust's (NASDAQ:MARP.S) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MARP.S Price per share = $3.57 Earnings per share = $0.363 ∴ Price-Earnings Ratio = $3.57 ÷ $0.363 = 9.8x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared lower risk firms with MARP.S, then investors would naturally value MARP.S at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with MARP.S, investors would also value MARP.S at a lower price since it is a lower growth investment.

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What You Must Know About Marine Petroleum Trust's (NASDAQ:MARP.S) ROE

View our latest analysis for Marine Petroleum Trust What you must know about ROE Return on Equity (ROE) weighs Marine Petroleum Trust’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Marine Petroleum Trust, which is 10.09%. … Since Marine Petroleum Trust’s return covers its cost in excess of 67.04%, its use of equity capital is efficient and likely to be sustainable.

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Marine Petroleum Trust (NASDAQ:MARP.S): Has Recent Earnings Growth Beaten Long-Term Trend?

Assessing Marine Petroleum Trust's (NASDAQ:MARP.S) past track record of performance is a valuable exercise for investors. … Check out our latest analysis for Marine Petroleum Trust How MARP.S fared against its long-term earnings performance and its industry I like to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Although revenue growth over the past few years, has been negative, earnings growth has been deteriorating by even more, implying that Marine Petroleum Trust has been ramping up its expenses.

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Marine Petroleum Trust (NASDAQ:MARP.S): How Does It Impact Your Portfolio?

With a market cap of US$7.68M, MARP.S falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … Thus, we can expect MARP.S to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books. … However, this is the opposite to what MARP.S’s actual beta value suggests, which is higher stock volatility relative to the market.

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Read This Before Buying Marine Petroleum Trust (NASDAQ:MARP.S) For Its Upcoming $0.07 Dividend

See our latest analysis for Marine Petroleum Trust 5 checks you should do on a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it the top 25% annual dividend yield payer? … NasdaqCM:MARP.S Historical Dividend Yield Feb 23rd 18 Does Marine Petroleum Trust pass our checks? … Next Steps: Taking all the above into account, Marine Petroleum Trust is a complicated pick for dividend investors given that there are a couple of positive things about it as well as negative.

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Should Your Next Investment In The Energy Industry Be In Marine Petroleum Trust (NASDAQ:MARP.S)?

In this article, I’ll take you through the energy sector growth expectations, and also determine whether Marine Petroleum Trust is a laggard or leader relative to its energy sector peers. … Marine Petroleum Trust lags the pack with its lower growth rate of 15.88% over the past year, which indicates the company has been growing at a slower pace than its energy peers. … In terms of returns, Marine Petroleum Trust generated 77.13% in the past year, which is 67.01% over the oil and gas sector.

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What Is Marine Petroleum Trust's (NASDAQ:MARP.S) Financial Position?

Marine Petroleum Trust (NASDAQ:MARP.S), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … View our latest analysis for Marine Petroleum Trust Is MARP.S growing fast enough to value financial flexibility over lower cost of capital? … Since Marine Petroleum Trust doesn’t have any debt on its balance sheet, it doesn’t have any solvency issues, which is a term used to describe the company’s ability to meet its long-term obligations.

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Company Info

Description

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of August 30, 2019, it had overriding royalty interests in 59 oil and natural gas leases covering an aggregate of 217,056 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. The company was founded in 1956 and is based in Dallas, Texas.

Details
Name: Marine Petroleum Trust
MARP.S
Exchange: NasdaqCM
Founded: 1956
$4,200,000
2,000,000
Website: http://www.marps-marine.com
Address: Marine Petroleum Trust
Simmons Bank,
Suite 850,
Dallas,
Texas, 75219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MARP.S Beneficial Interest Units Nasdaq Capital Market US USD 13. Dec 1972
Number of employees
Current staff
Staff numbers
0
Marine Petroleum Trust employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 23:42
End of day share price update: 2019/11/20 00:00
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.