ASL Marine Holdings Ltd. (A04) AI Stock Analysis

• Market Cap: S$60.26M
• Dividend Yield: N/A
• Average Volume (3M): 534.37K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.53
• Revenue Growth: -9.28%
• EPS Growth: -86.86%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 90
• Industry: Aerospace & Defense
• EPS (TTM): <0.01
• Shares Outstanding: 990,440,550
• 10 Day Avg. Volume: 138,270
• 30 Day Avg. Volume: 534,373
• PEG Ratio: -0.08
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.49
• 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

• Rating: 62 Neutral
• Price Target: ―

ASL Marine Holdings Ltd. earns a stock score of 62, reflecting a solid financial foundation with improving revenue and profitability, although high leverage remains a concern. Technical analysis shows a stable price with no clear momentum, while valuation suggests a fair price point relative to earnings. The lack of recent earnings call data or significant corporate events tempers the score, highlighting the need for investors to watch for future updates.

ASL Marine Holdings Ltd. Business Overview & Revenue Model

Company Description

ASL Marine Holdings Ltd. (A04) is a Singapore-based integrated marine company that operates in the marine and offshore services sector. The company specializes in providing a comprehensive range of services including shipbuilding, ship repair and conversion, marine engineering, and other related services. It caters to a diverse clientele including shipping companies, offshore oil and gas companies, and other marine-related industries.

How the Company Makes Money

ASL Marine Holdings Ltd. generates revenue through multiple key streams. Firstly, the company earns income from its shipbuilding operations by constructing and selling various types of vessels, including offshore support vessels and tugs. Secondly, it generates revenue from ship repair and conversion services, where it undertakes the maintenance, upgrading, and modification of vessels to meet clients' needs. Additionally, the company provides marine engineering services, which include the fabrication and installation of marine equipment and structures. ASL Marine also engages in chartering services, offering its fleet of vessels for hire to various industries. Significant partnerships with shipping and offshore companies, as well as its strategic location in Singapore, contribute to its earnings by attracting a steady flow of business from regional and international clients.

ASL Marine Holdings Ltd. Financial Statement Overview

Summary

ASL Marine Holdings Ltd. demonstrates improving financial health with positive revenue growth and enhanced profitability margins. While leverage remains a concern, improved cash flow metrics provide a solid foundation for future growth. Continued focus on managing debt levels and enhancing operational efficiency will be crucial for sustaining this positive trajectory.

Income Statement

ASL Marine Holdings Ltd. shows a positive trend in revenue growth, with a notable increase from 2022 to 2023 and a continued rise into the TTM period. Gross and net profit margins have improved, reflecting better operational efficiency. However, the EBIT and EBITDA margins indicate room for further improvement in core profitability, suggesting some operational challenges remain.

Balance Sheet

The company's debt-to-equity ratio is high, indicating significant leverage, which poses a risk if not managed properly. However, the return on equity has improved, suggesting better utilization of shareholder funds. The equity ratio is relatively low, highlighting a dependency on debt financing.

Cash Flow

ASL Marine Holdings Ltd. has a strong operating cash flow, which exceeds net income, indicating effective cash management. The free cash flow has grown, contributing positively to financial flexibility. However, fluctuations in investing and financing cash flows suggest some volatility in capital allocation strategies.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
342.77M	349.33M	335.81M	235.56M	192.96M	243.64M
	Gross Profit
47.08M	45.66M	29.45M	-125.00K	-1.21M	12.67M
	EBIT
16.86M	27.52M	14.06M	-13.45M	-19.07M	2.14M
	EBITDA
76.18M	88.67M	84.07M	39.65M	44.66M	65.68M
	Net Income Common Stockholders
3.88M	3.92M	3.54M	-32.27M	-35.02M	-23.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.56M	17.22M	12.89M	7.44M	26.53M	35.16M
	Total Assets
518.42M	543.46M	559.78M	583.96M	608.48M	681.09M
	Total Debt
210.21M	239.24M	272.55M	314.21M	336.08M	367.59M
	Net Debt
190.65M	222.01M	259.65M	306.77M	309.55M	332.43M
	Total Liabilities
418.99M	450.61M	486.91M	516.21M	511.11M	547.71M
	Stockholders Equity
99.59M	93.66M	73.55M	68.58M	98.17M	132.43M
Cash Flow		Free Cash Flow
19.96M	16.42M	67.27M	37.17M	26.93M	30.69M
	Operating Cash Flow
42.83M	40.39M	83.37M	55.40M	45.83M	41.04M
	Investing Cash Flow
10.90M	15.86M	-2.56M	-12.13M	-1.44M	-3.01M
	Financing Cash Flow
-45.03M	-51.74M	-75.11M	-50.32M	-47.82M	-27.57M

ASL Marine Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:A04, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:A04.

ASL Marine Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5UL	67 Neutral	S$31.41M	0.44	33.94%	263.33%	-35.90%	196.98%
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%
A04	62 Neutral	S$60.26M	11.30	4.42%	―	-9.28%	-86.86%

ASL Marine Holdings Ltd. Corporate Events

ASL Marine Holdings Ltd. Announces Final Redemption of Fixed Rate Notes

ASL Marine Holdings Ltd. announced the final redemption of its Series 006 Fixed Rate Notes, amounting to S$86.5 million, under its S$500 million Multicurrency Debt Issuance Programme. The redemption, set for March 2025, includes a total interest of 4.50% per annum, reflecting the company’s commitment to managing its debt obligations effectively, which could positively impact its financial stability and investor confidence.

ASL Marine Holdings Redeems and Cancels S$100 Million Series 006 Notes

ASL Marine Holdings Ltd. has announced the redemption and cancellation of its Series 006 Notes, valued at S$100,000,000, which were due in 2025. This action reflects the company’s commitment to managing its debt obligations and could positively impact its financial stability and stakeholder confidence.

ASL Marine Announces Additional Interest Payment on Series 006 Notes

ASL Marine Holdings Ltd. announced the payment of additional interest on its Series 006 Notes, part of its S$500 million multicurrency debt issuance program. The additional interest rate of 1.5% per annum is based on the company’s Adjusted Core EBITDA for FY2024, which exceeded the threshold by S$10 million. This financial maneuver reflects the company’s robust financial performance and its commitment to fulfilling obligations to noteholders, potentially enhancing its reputation in the financial markets.