Riverstone Holdings (AP4) AI Stock Analysis

• Market Cap: S$1.07B
• Dividend Yield: 20.44%
• Average Volume (3M): 4.10M
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.35
• Revenue Growth: 18.55%
• EPS Growth: -5.89%
• 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: 3,012,350
• 30 Day Avg. Volume: 4,096,453
• 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: S$0.93
• Price Target Upside: 29.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: S$1.00 ▲(38.89% Upside)

Riverstone Holdings' strong profitability and solid balance sheet are significant strengths, despite challenges in revenue and cash flow growth. The stock's valuation is attractive with a high dividend yield, although technical indicators show mixed signals.

Riverstone Holdings Business Overview & Revenue Model

Company Description

Riverstone Holdings (AP4) is a private equity firm specializing in investments within the energy, power, and infrastructure sectors. The company focuses on leveraging its deep industry knowledge and operational expertise to support growth and value creation in its portfolio companies. Riverstone Holdings operates with a commitment to sustainable and responsible investment practices, targeting businesses that drive innovation and efficiency in the evolving energy landscape.

How the Company Makes Money

Riverstone Holdings makes money primarily through its private equity investments. The company raises capital from institutional investors, such as pension funds, endowments, and high-net-worth individuals, to create investment funds. These funds are then used to acquire or invest in companies within the energy, power, and infrastructure sectors. Riverstone Holdings generates revenue by improving the operational efficiency and profitability of these companies, ultimately seeking to exit these investments at a higher value through sales or public offerings. The firm earns management fees for managing the funds and also benefits from a share of the profits, known as carried interest, upon successfully exiting its investments. Strategic partnerships with industry leaders and leveraging its extensive sector expertise further enhance its ability to generate returns.

Riverstone Holdings Financial Statement Overview

Summary

Riverstone Holdings demonstrates strong profitability with a net profit margin of 25.21% and a robust balance sheet with minimal leverage. However, challenges in revenue growth and a significant decline in free cash flow generation are concerns.

Income Statement

Riverstone Holdings has shown a decline in revenue growth with a negative rate of -19.2% in the TTM period. However, the company maintains strong profitability with a net profit margin of 25.21% and an EBIT margin of 31.64%. The gross profit margin is also healthy at 34.84%. Despite the revenue decline, the company has managed to sustain its profitability, which is a positive indicator.

Balance Sheet

The balance sheet of Riverstone Holdings is robust with a very low debt-to-equity ratio of 0.00023, indicating minimal leverage and financial risk. The return on equity (ROE) is strong at 16.94%, showcasing efficient use of equity to generate profits. The equity ratio is also solid, reflecting a stable financial structure.

Cash Flow

The cash flow statement reveals a decrease in free cash flow growth at -210.4% in the TTM period, which is concerning. However, the operating cash flow to net income ratio is healthy at 2.99, indicating good cash generation relative to net income. The free cash flow to net income ratio is 71.16%, showing that a significant portion of net income is converted into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.07B	1.07B	914.78M	1.26B	3.08B	1.83B
Gross Profit	341.27M	390.09M	295.51M	450.32M	1.91B	897.61M
EBITDA	375.38M	423.63M	339.81M	457.11M	1.88B	896.45M
Net Income	244.04M	286.93M	220.38M	314.40M	1.42B	647.25M
Balance Sheet
Total Assets	1.63B	1.78B	1.83B	2.02B	2.70B	1.69B
Cash, Cash Equivalents and Short-Term Investments	602.26M	716.29M	863.18M	1.04B	1.57B	648.94M
Total Debt	240.00K	494.00K	1.02M	0.00	1.58M	8.06M
Total Liabilities	175.24M	202.29M	143.62M	166.84M	367.15M	329.67M
Stockholders Equity	1.46B	1.58B	1.68B	1.85B	2.33B	1.36B
Cash Flow
Free Cash Flow	220.30M	227.16M	197.36M	282.63M	1.41B	601.73M
Operating Cash Flow	317.72M	306.99M	249.07M	416.04M	1.57B	702.71M
Investing Cash Flow	-94.72M	-79.61M	-51.46M	-133.15M	-155.91M	-99.13M
Financing Cash Flow	-341.38M	-363.62M	-415.53M	-801.95M	-451.19M	-79.52M

Riverstone Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.72
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AP4, the sentiment is Negative. The current price of 0.72 is below the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.72, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.33 is Neutral, neither overbought nor oversold. The STOCH value of 5.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:AP4.

Riverstone Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AP4	68 Neutral	S$1.07B	14.65	16.42%	20.44%	18.55%	-5.89%
BTP	61 Neutral	S$109.55M	-8.91	7.72%	3.70%	-40.02%	-176.13%
8K7	47 Neutral	S$63.01M	-16.56	-2.39%	―	25.06%	37.11%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Riverstone Holdings Corporate Events

Riverstone Holdings Appoints New Non-Executive Director

Riverstone Holdings Limited, a company incorporated in Singapore, has announced the appointment of Mr. Dumrongsak Aroonprasertkul as a Non-Independent Non-Executive Director, effective from July 16, 2025. This appointment follows Mr. Aroonprasertkul’s resignation as General Manager of operations in Thailand, and it reflects the company’s strategic move to enhance its board’s expertise and governance structure.

The most recent analyst rating on (SG:AP4) stock is a Buy with a S$1.25 price target. To see the full list of analyst forecasts on Riverstone Holdings stock, see the SG:AP4 Stock Forecast page.

Riverstone Holdings Limited Conducts Annual General Meeting

Riverstone Holdings Limited, a company incorporated in Singapore, held its Annual General Meeting (AGM) at the Raffles City Convention Centre. The meeting was chaired by Mr. Wong Teek Son, the Executive Chairman and CEO, and attended by the company’s directors, CFO, and company secretary, along with shareholders. During the AGM, all resolutions were voted on by poll, in compliance with the Singapore Exchange’s Listing Manual requirements.

The most recent analyst rating on (SG:AP4) stock is a Buy with a S$1.25 price target. To see the full list of analyst forecasts on Riverstone Holdings stock, see the SG:AP4 Stock Forecast page.