The 3 Numbers That Oil MISC Berhad

MISC Berhad (KLSE: 3816.KL), which is listed on Bursa Malaysia (Malaysia’s stock exchange), is currently one of the largest energy shipping companies in the world.

The company happens to be a listed subsidiary of PETRONAS, the national oil and gas conglomerate of Malaysia.

Here are three numbers you need to know about MISC.

Number 1: 33 billion

MISC has a market capitalization of RM33 billion (around S$11 billion) at the moment. That would make it over three times larger than Sembcorp Marine Ltd (SGX: S51), which is already one of the world’s largest oil rig builders.

MISC also generated revenue of RM10.9 billion (around S$3.7 billion) in 2015 and earned more than RM2.46 billion (S$0.82 billion) in profit. This equates to a net profit margin of 22.5% – not bad at all for a company that’s operating in a difficult environment of low oil prices.

Number 2: 117

MISC controls a fleet of 117 transport vessels. That includes 27 LNG (liquefied natural gas) carriers, 76 petroleum tankers, and 14 chemical tankers. The company also has orders for five more LNG carriers. Apart from operating transport vessels, the company also owns 16 offshore floating facilities.

Number 3: 4.0

MISC has a dividend yield of around 4.0% at the moment, based on its 2015 dividend of RM0.30 per share and current share price of RM7.45. The company also has a strong balance sheet. As at 31 March 2016, MISC has a net debt to equity ratio of only 0.8%.

Foolish Summary

MISC is one of the world’s leading energy shipping companies. What the three numbers above show us is that MISC has a huge fleet of vessels transporting energy and chemical products around the world; it is highly profitable; and it has a decent dividend yield.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore writer Stanley Lim doesn’t own shares in any companies mentioned.