ASL Marine Holdings Ltd. (A04) AI Stock Analysis

• Market Cap: S$150.17M
• Dividend Yield: N/A
• Average Volume (3M): 2.81M
• Price to Earnings (P/E): 28.1
• Beta (1Y): 0.56
• Revenue Growth: -9.28%
• EPS Growth: -86.86%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 73
• Industry: Aerospace & Defense
• EPS (TTM): 0.01
• Shares Outstanding: 990,440,550
• 10 Day Avg. Volume: 6,809,560
• 30 Day Avg. Volume: 2,811,856
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

ASL Marine Holdings Ltd. exhibits improving financial performance with robust revenue growth and enhanced profitability margins. The technical analysis indicates strong bullish momentum, making the stock attractive in the short term. However, the valuation is moderate with a lack of dividend yield, which may deter income-focused investors. Overall, the stock shows potential for growth, but careful monitoring of leverage and operational efficiency is advised.

ASL Marine Holdings Ltd. Business Overview & Revenue Model

Company Description

ASL Marine Holdings Ltd., an investment holding company, provides marine services in the Singapore, Indonesia, Rest of Asia, Europe, Australia, and internationally. The company operates through Shipbuilding; Shiprepair, Conversion, and Engineering; and Shipchartering segments. It constructs vessels, such as offshore support vessels, dredgers, tugs, barges, and tankers; and provides ship repair and conversion services, including retrofitting and conversion, steel renewal, blasting and painting, electrical and electronic works, and mechanical works for the repair and life extension of various types of vessels. The company also owns, operates, and charters a fleet of vessels consisting of tugs, cargo barges, crane barges, split hopper barges, workboats, grab dredgers, landing crafts, tankers, anchor handling tugs, and anchor handling towing/supply vessels for marine contractors in the marine infrastructure and construction, cargoes and equipment transportation, and land reclamation industries; and provides transportation services. In addition, it offers cutting systems, pumping systems, dragheads, dredge line components, and other components, as well as dredge automation products; and market research and public opinion polling services. Further, the company engages in the provision of agency, handling, and consultancy services; and leasing of intellectual property. ASL Marine Holdings Ltd. owns and operates shipyards in Singapore and Indonesia. As of June 30, 2022, it had a fleet of 229 vessels. ASL Marine Holdings Ltd. was founded in 1974 and is based in Singapore.

How the Company Makes Money

ASL Marine Holdings Ltd. generates revenue primarily through its four main business segments: shipbuilding, shiprepair and conversion, shipchartering, and engineering services. In the shipbuilding segment, the company earns money by constructing a wide variety of vessels tailored to its clients' specifications. For shiprepair and conversion, ASL Marine offers maintenance, repair, and conversion services for existing vessels, which is an essential service for maintaining vessel operability and compliance with regulations. The shipchartering segment provides vessels on a charter basis, generating income from short-term and long-term contracts, primarily supporting marine transportation and offshore operations. Additionally, the company's engineering services offer specialized products and services, such as components for dredging and offshore equipment. Key factors contributing to ASL Marine's earnings include its strategic location near major shipping routes, longstanding relationships with clients in the maritime industry, and its ability to offer integrated solutions across the marine value chain.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	349.33M	335.81M	235.56M	192.96M	243.64M
Gross Profit	45.66M	29.45M	-125.00K	-1.21M	12.67M
EBITDA	88.67M	84.07M	39.65M	44.66M	65.68M
Net Income	3.92M	3.54M	-32.27M	-35.02M	-23.63M
Balance Sheet
Total Assets	543.46M	559.78M	583.96M	608.48M	681.09M
Cash, Cash Equivalents and Short-Term Investments	17.22M	12.89M	7.44M	26.53M	35.16M
Total Debt	239.24M	272.55M	314.21M	336.08M	367.59M
Total Liabilities	450.61M	486.91M	516.21M	511.11M	547.71M
Stockholders Equity	93.66M	73.55M	68.58M	98.17M	132.43M
Cash Flow
Free Cash Flow	16.42M	67.27M	37.17M	26.93M	30.69M
Operating Cash Flow	40.39M	83.37M	55.40M	45.83M	41.04M
Investing Cash Flow	15.86M	-2.56M	-12.13M	-1.44M	-3.01M
Financing Cash Flow	-51.74M	-75.11M	-50.32M	-47.82M	-27.57M

ASL Marine Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 0.15 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 83.52 is Negative, neither overbought nor oversold. The STOCH value of 87.85 is Negative, 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	79 Outperform	S$44.50M	0.94	5.32%	263.33%	-86.29%	20.88%
A04	66 Neutral	S$150.17M	28.15	4.42%	―	-9.28%	-86.86%
Sector *	64 Neutral	$10.75B	15.69	7.62%	2.01%	2.75%	-15.14%
BEZ	―	S$73.60M	12.03	28.37%	―	―	―
BIP	―	S$116.34M	14.87	3.42%	―	―	―
RXS	―	S$118.74M	3.24		―	―	―
WPC	―	S$52.10M	1.83	31.65%	―	―	―

ASL Marine Holdings Ltd. Corporate Events

Tragic Fire Incident at ASL Marine’s Indonesian Shipyard

ASL Marine Holdings Ltd. reported a tragic incident at its subsidiary’s shipyard in Batam, Indonesia, where a fire broke out on a Floating Storage and Offloading Vessel undergoing repair. The incident resulted in the deaths of four subcontractor employees and injuries to five others. The company is working with authorities and stakeholders to assist the affected families and has suspended work on the vessel pending investigation.