Kim Heng Ltd (5G2) AI Stock Analysis

• Market Cap: S$68.48M
• Dividend Yield: 2.5%
• Average Volume (3M): 895.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: 18.61%
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.01
• Shares Outstanding: 710,000,000
• 10 Day Avg. Volume: 1,129,930
• 30 Day Avg. Volume: 895,776
• PEG Ratio: <0.01
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.51
• P/FCF Ratio: -20.12
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: S$0.09 ▲(4.44% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held back primarily by weakened financial performance—margin compression, a 2025 net loss, and rising leverage—despite positive operating cash flow. Technicals provide some support with the price trading above major moving averages, but momentum indicators are mixed. Valuation provides limited support because the reported P/E is not meaningful and dividend yield is unavailable.

Positive Factors

Diversified service mix & renewables exposure

Kim Heng's multi-line offshore services (chartering, maintenance, fabrication) and exposure to offshore wind projects create durable revenue diversification. This reduces single-market cyclicality, supports contract continuity and positions the company to capture structural demand from renewable offshore infrastructure over the medium term.

Negative Factors

Rising leverage and weaker equity

Leverage rising to ~1.8x and declining equity materially reduce financial flexibility. Higher debt amplifies refinancing and interest-rate risk, constrains the ability to fund capex or absorb shocks, and leaves the company vulnerable if operating margins or cash flow deteriorate further over the medium term.

Kim Heng Ltd Business Overview & Revenue Model

Company Description

Kim Heng Limited, an investment holding company, provides integrated offshore and marine value chain services in Southeast Asia, Australasia, the Middle East, and Europe. The company operates in two segments, Offshore Rig Services and Supply Chain...

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Kim Heng Limited, an investment holding company, provides integrated offshore and marine value chain services in Southeast Asia, Australasia, the Middle East, and Europe. The company operates in two segments, Offshore Rig Services and Supply Chain...

Kim Heng Ltd Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	113.23M	120.99M	122.73M	101.19M	79.84M	63.22M
Gross Profit	33.70M	22.62M	30.99M	32.76M	27.73M	16.05M
EBITDA	16.87M	13.14M	17.93M	17.90M	21.74M	5.43M
Net Income	-1.22M	-8.82M	270.00K	1.56M	7.37M	-5.89M
Balance Sheet
Total Assets	175.39M	169.88M	181.53M	167.23M	153.47M	131.56M
Cash, Cash Equivalents and Short-Term Investments	5.57M	5.37M	3.36M	10.97M	12.52M	7.63M
Total Debt	63.73M	74.96M	72.71M	61.30M	50.53M	59.24M
Total Liabilities	111.21M	121.13M	123.23M	103.96M	89.91M	76.17M
Stockholders Equity	55.25M	41.58M	50.71M	55.98M	56.84M	49.80M
Cash Flow
Free Cash Flow	-4.95M	-3.05M	1.15M	-8.90M	6.61M	-5.13M
Operating Cash Flow	2.81M	14.20M	12.73M	2.55M	19.05M	3.69M
Investing Cash Flow	-5.29M	-12.13M	-11.04M	-3.85M	-320.00K	3.34M
Financing Cash Flow	2.19M	-129.00K	-11.16M	-628.00K	-14.13M	-5.66M

Kim Heng Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5G2, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 136.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5G2.

Kim Heng Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DU4	55 Neutral	S$219.33M	25.17	3.59%	―	2.00%	-28.40%
5G2	48 Neutral	S$68.48M	―	-19.12%	2.50%	18.61%	―
BTP	46 Neutral	S$100.42M	-4.01	-5.60%	4.00%	-40.02%	-176.13%