Riverstone Holdings (AP4) AI Stock Analysis

• Market Cap: S$1.31B
• Dividend Yield: 8.7%
• Average Volume (3M): 4.77M
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.40
• Revenue Growth: 4.74%
• EPS Growth: -17.18%
• Country: SG
• Employees: 3,000
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.01
• Shares Outstanding: 1,484,904,000
• 10 Day Avg. Volume: 8,088,999
• 30 Day Avg. Volume: 4,774,049
• PEG Ratio: 0.69
• Price to Book (P/B): 3.35
• Price to Sales (P/S): 4.93
• P/FCF Ratio: 23.28
• 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: 75 Outperform
• Price Target: S$0.94 ▲(4.44% Upside)

Riverstone Holdings' overall stock score is driven by its strong valuation, particularly the high dividend yield, which is attractive to investors. The technical analysis supports a stable outlook with balanced momentum indicators. However, financial performance is slightly hindered by declining revenue and free cash flow growth, which are areas to watch for potential risks.

Positive Factors

Balance Sheet Health

A strong balance sheet with minimal leverage enhances financial stability and provides flexibility for future investments and growth.

Cash Generation Ability

Strong cash generation relative to net income indicates efficient operations and the ability to fund growth and dividends without relying on external financing.

Profitability

High profitability margins reflect effective cost management and strong pricing power, supporting sustainable earnings over the long term.

Negative Factors

Revenue Decline

Declining revenue growth can signal weakening demand or competitive pressures, potentially impacting future profitability and market position.

Free Cash Flow Decline

A decline in free cash flow growth may limit the company's ability to invest in new opportunities or return capital to shareholders, affecting long-term growth prospects.

EPS Growth Decline

A decline in EPS growth can indicate challenges in maintaining profitability, which may affect investor confidence and the company's ability to attract capital.

Riverstone Holdings Business Overview & Revenue Model

Company Description

Riverstone Holdings Limited, an investment holding company, manufactures and distributes cleanroom and healthcare gloves in Malaysia. The company offers cleanroom finger cots, static shielding and packaging bags, face masks, and wipers; and other consumables, such as hairnets, antistatic gloves, conductive latex finger cots, static dissipative shoes, safety booties, shoe covers, cleanroom coveralls, ESD rubber bands, sticky mats and rollers, swab-polyester and microfibers, and cleanroom papers. It also provides healthcare products, including blue, white, black, and accelerator free nitrile exam gloves. In addition, the company trades in latex products; and distributes cleanroom products. It sells its products under the RS brand for use in the hard disk drive, semiconductor, and healthcare industries. The company also exports its products to Asia, Europe, and the Americas. Riverstone Holdings Limited was founded in 1989 and is based in Singapore. Riverstone Holdings Limited operates as a subsidiary of Raffles Nominees (PTE.) Limited.

How the Company Makes Money

Riverstone Holdings generates revenue primarily through its private equity investments, which involve acquiring stakes in companies within the energy and infrastructure sectors. The firm earns management fees from the funds it manages, typically a percentage of the total assets under management (AUM). Additionally, it collects performance fees, known as carried interest, which are earned when the investments exceed predetermined return thresholds. Strategic partnerships with industry leaders and other investment firms enhance Riverstone's deal flow and co-investment opportunities, further driving its revenue growth. The company's focus on sustainable investments and renewable energy projects also positions it well to capitalize on growing market trends and regulatory incentives.

Riverstone Holdings Financial Statement Overview

Summary

Riverstone Holdings demonstrates strong profitability and a solid balance sheet with minimal leverage. However, the decline in revenue and free cash flow growth are areas of concern that could impact future financial performance. The company needs to address these growth challenges to maintain its financial health.

Income Statement

Riverstone Holdings has experienced a decline in revenue growth, with a negative growth rate of -4.75% in the TTM period. Despite this, the company maintains strong profitability metrics with a net profit margin of 22.73% and an EBIT margin of 28.52%. However, the declining revenue trend is a concern that could impact future profitability.

Balance Sheet

The company's balance sheet is strong with a very low debt-to-equity ratio of 0.00016, indicating minimal leverage. The return on equity is healthy at 15.54%, reflecting efficient use of equity to generate profits. The equity ratio stands at 89.95%, showcasing a solid equity base relative to total assets.

Cash Flow

Riverstone Holdings has seen a decline in free cash flow growth by -11.53% in the TTM period, which is concerning. However, the operating cash flow to net income ratio is robust at 2.94, indicating strong cash generation relative to net income. The free cash flow to net income ratio is also healthy at 0.69.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.02B	1.07B	914.78M	1.26B	3.08B	1.83B
Gross Profit	314.23M	390.09M	295.51M	450.32M	1.91B	897.61M
EBITDA	353.74M	423.63M	339.81M	479.91M	1.91B	896.45M
Net Income	223.86M	286.93M	220.38M	314.40M	1.42B	647.25M
Balance Sheet
Total Assets	1.67B	1.78B	1.83B	2.02B	2.70B	1.69B
Cash, Cash Equivalents and Short-Term Investments	660.88M	716.29M	863.18M	1.04B	1.57B	648.94M
Total Debt	120.00K	494.00K	1.02M	0.00	1.58M	8.06M
Total Liabilities	167.42M	202.29M	143.62M	166.84M	367.15M	329.67M
Stockholders Equity	1.50B	1.58B	1.68B	1.85B	2.33B	1.36B
Cash Flow
Free Cash Flow	194.90M	227.16M	197.36M	282.63M	1.41B	601.73M
Operating Cash Flow	263.53M	306.99M	249.07M	416.04M	1.57B	702.71M
Investing Cash Flow	-65.90M	-79.61M	-51.46M	-133.15M	-155.91M	-99.13M
Financing Cash Flow	-341.39M	-363.62M	-415.53M	-801.95M	-451.19M	-79.52M

Riverstone Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AP4, the sentiment is Positive. The current price of 0.9 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.86, and above the 200-day MA of 0.77, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.21 is Neutral, neither overbought nor oversold. The STOCH value of 50.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AP4.

Riverstone Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AP4	75 Outperform	S$1.31B	19.43	14.10%	8.70%	4.74%	-17.18%
C9Q	55 Neutral	S$99.84M	9.82	2.82%	―	-17.82%	-75.83%
DU4	55 Neutral	S$240.12M	22.24	5.18%	―	2.00%	-28.40%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
8K7	48 Neutral	S$57.39M	-15.41	-2.33%	―	25.06%	37.11%
BTP	48 Neutral	S$109.55M	-9.24	-5.60%	4.00%	-40.02%	-176.13%