Yongmao Holdings Limited (BKX) AI Stock Analysis

• Market Cap: S$19.52M
• Dividend Yield: 1.57%
• Average Volume (3M): 226.00
• Price to Earnings (P/E): 8.2
• Beta (1Y): -0.49
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): >-0.01
• Shares Outstanding: 88,750,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 226
• PEG Ratio: -0.36
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.31
• P/FCF Ratio: -3.18
• 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: 67 Neutral
• Price Target: S$0.24 ▼(-62.66% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is driven primarily by mixed financial quality: exceptional revenue growth and a stable, moderately leveraged balance sheet are offset by thin profitability and negative operating/free cash flow. Technicals are supportive (positive MACD, RSI 66) but look stretched (stochastic 99). Valuation is a relative positive due to the low P/E and a modest dividend yield.

Positive Factors

Exceptional revenue growth

A near 473% revenue jump signals durable expansion or recovery in core markets, increasing scale and competitive presence. Sustained high top-line growth over months can improve fixed-cost absorption, support longer-term investment and create a runway for margin improvement if maintained.

Moderate leverage and solid equity base

A debt-to-equity around 0.54 reflects a balanced capital structure that limits refinancing strain and preserves financial flexibility. This leverage profile supports capacity for targeted capex or working-capital needs without over-reliance on equity dilution or excessive interest burden.

Decent gross margin

A gross margin near 29% indicates the business retains a healthy portion of revenue after direct costs, implying pricing power or efficient production. This provides a structural cushion to absorb SG&A or R&D investments and is a foundation for sustainable operating profitability if overheads are controlled.

Negative Factors

Thin net profitability

A net margin under 4% shows limited ability to convert revenue into shareholder returns. Persistently thin bottom-line profitability reduces reinvestment capacity, leaves less buffer against cost inflation or pricing pressure, and constrains long-term return generation for investors.

Negative operating and free cash flow

Negative operating and free cash flows indicate the business is not generating sufficient cash from operations to fund growth or obligations. Over time this raises funding risk, may increase reliance on external financing, and limits capacity for dividends, capex or debt reduction.

Low ROE and declining operating efficiency

ROE around 3.4% with falling EBIT/EBITDA margins signals weak capital returns and deteriorating operational leverage. This combination hampers long-term shareholder value creation, suggesting management faces challenges improving efficiency and delivering sustainable profitability from invested capital.

Yongmao Holdings Limited Business Overview & Revenue Model

Company Description

Yongmao Holdings Limited, an investment holding company, designs, develops, manufactures, sells, rents, and services construction machineries, tower cranes, and related components and accessories. The company offers Topless STT, ST, Luffing STL/STF, and Derrick Q series tower cranes under the Yongmao brand. It also maintains, installs, erects, and dismantles tower cranes. The company serves construction sites, infrastructure projects, and shipbuilding industry; and construction equipment distributors and equipment rental companies. It operates in the People's Republic of China, Hong Kong, Macau, Europe, Singapore, other Asian countries, the Middle East, the United States, and internationally. The company was founded in 1992 and is based in Singapore. Yongmao Holdings Limited is a subsidiary of Sun & Tian Investment Pte. Ltd.

How the Company Makes Money

Yongmao Holdings Limited generates revenue through several key streams, primarily from the sale of tower cranes and construction equipment. This includes both direct sales to construction companies and sales through distributors. The company also earns income from equipment rentals, which allows clients to utilize the cranes without the need for outright purchase, providing a steady stream of revenue. Additionally, Yongmao offers after-sales services, including maintenance and repair, which further contributes to its earnings. The company's partnerships with construction firms and involvement in large infrastructure projects also play a significant role in driving sales and expanding its market presence.

Yongmao Holdings Limited Financial Statement Overview

Summary

Very strong revenue growth (472.99%) supports the outlook, but profitability is thin (net margin 3.77%) and operating efficiency has weakened (declining EBIT/EBITDA margins). Balance sheet leverage is moderate (debt-to-equity 0.54) with a solid equity base, yet cash flow is a key risk due to negative operating and free cash flows.

Income Statement

Yongmao Holdings Limited has shown a strong revenue growth rate of 472.99% in the latest year, indicating a significant recovery or expansion. However, the net profit margin is relatively low at 3.77%, suggesting limited profitability. The gross profit margin of 28.78% is decent, but the declining EBIT and EBITDA margins over the years indicate potential challenges in operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.54, reflecting a balanced approach to leveraging. The return on equity is low at 3.43%, indicating limited returns for shareholders. The equity ratio is strong, suggesting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Yongmao Holdings Limited faces challenges with negative operating and free cash flows, which could impact liquidity. The free cash flow to net income ratio is high at 1.40, indicating that free cash flow exceeds net income, but the negative growth in free cash flow is concerning.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	880.30M	790.85M	915.72M	1.11B	211.03M
Gross Profit	253.37M	228.93M	254.02M	307.46M	52.34M
EBITDA	155.76M	166.51M	168.05M	164.42M	30.03M
Net Income	33.22M	42.97M	51.31M	55.30M	11.26M
Balance Sheet
Total Assets	2.25B	2.06B	2.03B	1.86B	369.98M
Cash, Cash Equivalents and Short-Term Investments	205.85M	174.58M	249.79M	198.49M	23.49M
Total Debt	526.56M	321.56M	343.10M	310.63M	58.73M
Total Liabilities	1.23B	1.08B	1.05B	967.44M	193.49M
Stockholders Equity	967.38M	927.61M	911.18M	825.97M	164.75M
Cash Flow
Free Cash Flow	-85.23M	-25.01M	24.25M	62.95M	-7.70M
Operating Cash Flow	-60.76M	7.44M	34.79M	81.63M	-4.99M
Investing Cash Flow	-20.84M	-26.99M	-7.00M	-15.78M	-1.87M
Financing Cash Flow	71.47M	-38.98M	23.61M	23.11M	-1.16M

Yongmao Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BKX, the sentiment is Negative. The current price of 0.64 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.60, and above the 200-day MA of 0.62, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 6.52 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BKX.

Yongmao Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RXS	71 Outperform	S$117.88M	―	43.88%	0.49%	―	―
BKX	67 Neutral	S$19.52M	8.15	―	1.57%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
A04	61 Neutral	S$329.29M	―	12.80%	0.78%	―	―

Yongmao Holdings Limited Corporate Events

Yongmao Tower Crane Accident Cases in Hong Kong Adjourned to July 2026

Yongmao Holdings Limited has provided a further update on legal proceedings arising from a tower crane accident in Hong Kong, stating that cases related to Labour Department summonses have been adjourned to 30 July 2026. The company is continuing to work with its legal advisers and has indicated it will issue additional updates when there are material developments, underscoring ongoing regulatory and legal overhang from the incident that remains a key point of attention for stakeholders.

The most recent analyst rating on (SG:BKX) stock is a Hold with a S$0.78 price target. To see the full list of analyst forecasts on Yongmao Holdings Limited stock, see the SG:BKX Stock Forecast page.

Yongmao Holdings Appoints New Company Secretary

Yongmao Holdings Limited has announced a change in its corporate secretariat, appointing Ms Siau Kuei Lian as Company Secretary with effect from 8 January 2026, replacing Ms Cheok Hui Yee. Following this appointment, the company’s secretarial responsibilities will be jointly held by Mr Yap Soon Yong and Ms Siau Kuei Lian, with the board formally recording its appreciation for Ms Cheok’s service, signalling a routine leadership transition in its corporate governance function.

The most recent analyst rating on (SG:BKX) stock is a Hold with a S$0.66 price target. To see the full list of analyst forecasts on Yongmao Holdings Limited stock, see the SG:BKX Stock Forecast page.

Yongmao Raises S$3.87 Million in 3‑Month Digital Commercial Paper on SDAX

Yongmao Holdings Limited has successfully closed its 3‑month Series 006 digital securities commercial paper issuance on the SDAX platform, raising S$3.87 million in gross proceeds after strong investor demand. The 3‑month Series 006 SDAX Tokens are scheduled to be issued to subscribers on 9 January 2026, underscoring Yongmao’s growing use of tokenised commercial paper to diversify its funding sources and deepen its presence in Singapore’s evolving digital capital markets.

The most recent analyst rating on (SG:BKX) stock is a Hold with a S$0.66 price target. To see the full list of analyst forecasts on Yongmao Holdings Limited stock, see the SG:BKX Stock Forecast page.

Yongmao Launches Sixth 3-Month Digital Commercial Paper on SDAX

Yongmao Holdings Limited has launched its sixth series of 3‑month commercial paper as digital securities on the SDAX platform, offering an annual interest rate of 3.6% and a tenor of approximately three months. The issuance seeks to raise up to S$4 million from accredited and institutional investors under the company’s SDAX multicurrency commercial paper programme, underscoring Yongmao’s continued use of digital capital markets to secure short-term funding and potentially enhance its financial flexibility and investor reach.

The most recent analyst rating on (SG:BKX) stock is a Hold with a S$0.66 price target. To see the full list of analyst forecasts on Yongmao Holdings Limited stock, see the SG:BKX Stock Forecast page.