Yangzijiang Shipbuilding (Holdings) Ltd. (SG:BS6)
SGX:BS6
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Yangzijiang Shipbuilding (Holdings)
(SGX:BS6)
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Rating:74Outperform
Price Target:
S$4.50
▲(10.02% Upside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by strong profitability and a conservative balance sheet, offset by notably volatile cash flow in 2025. Technicals show a clear uptrend but are overextended (high RSI/Stoch), while valuation looks supportive with a modest P/E and a mid-single-digit dividend yield.
Positive Factors
High and improving profitability
Margins near 30% and sustained EBIT around 31% reflect durable operational efficiency and pricing power in shipbuilding. High margins create a persistent earnings buffer against input swings, support reinvestment and dividends, and strengthen competitiveness when bidding for new contracts.
Negative Factors
Volatile cash generation
A steep FCF decline and weaker cash conversion in 2025 reveal persistent working-capital and milestone-timing volatility inherent in shipbuilding. This unpredictability can constrain consistent capex funding, dividends or reserve builds, and raises the need for stronger liquidity planning across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High and improving profitability
Margins near 30% and sustained EBIT around 31% reflect durable operational efficiency and pricing power in shipbuilding. High margins create a persistent earnings buffer against input swings, support reinvestment and dividends, and strengthen competitiveness when bidding for new contracts.
Read all positive factors
Yangzijiang Shipbuilding (Holdings) (BS6) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$15.80B
Dividend Yield3.46%
Average Volume (3M)24.36M
Price to Earnings (P/E)4.2
Beta (1Y)1.14
Revenue Growth5.09%
EPS Growth27.85%
CountrySG
Employees7,306
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.20
Shares Outstanding3,974,076,700
10 Day Avg. Volume23,542,280
30 Day Avg. Volume24,361,880
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.32
Price to Sales (P/S)2.65
P/FCF Ratio28.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$4.83Price Target Upside18.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.42
Revenue Forecast (FY)S$32.57B
Yangzijiang Shipbuilding (Holdings) Business Overview & Revenue Model
Company Description
Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, engages in the shipbuilding activities in the People's Republic of China, Taiwan, Germany, Africa, North America, the United States, Malta, the Netherlands, Japan, Greece, No...
How the Company Makes Money
Yangzijiang Shipbuilding primarily makes money by contracting with shipowners to build new vessels and delivering those vessels under agreed specifications, timelines, and prices. Revenue is mainly generated from (1) shipbuilding contract revenue:...
Yangzijiang Shipbuilding (Holdings) Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.17B | 26.54B | 24.11B | 20.71B | 15.14B |
| Gross Profit | 9.65B | 7.61B | 5.41B | 3.20B | 2.08B |
| EBITDA | 9.35B | 8.76B | 5.31B | 3.87B | 3.23B |
| Net Income | 8.54B | 6.63B | 4.10B | 2.81B | 3.70B |
Balance Sheet | |||||
| Total Assets | 58.37B | 54.56B | 40.86B | 32.97B | 51.61B |
| Cash, Cash Equivalents and Short-Term Investments | 26.17B | 28.14B | 16.58B | 12.47B | 28.58B |
| Total Debt | 5.50B | 6.80B | 5.59B | 4.57B | 4.46B |
| Total Liabilities | 26.09B | 28.18B | 19.72B | 15.26B | 15.55B |
| Stockholders Equity | 32.16B | 26.28B | 20.94B | 17.57B | 35.92B |
Cash Flow | |||||
| Free Cash Flow | 2.63B | 11.90B | 7.14B | 3.73B | 5.47B |
| Operating Cash Flow | 4.56B | 12.96B | 7.97B | 4.63B | 6.14B |
| Investing Cash Flow | -2.53B | -1.17B | -2.29B | -1.14B | 315.39M |
| Financing Cash Flow | -4.00B | -233.29M | 99.08M | -5.08B | -728.21M |
Yangzijiang Shipbuilding (Holdings) Technical Analysis
Positive
4.09
Price Trends
3.88
Positive
3.67
Positive
3.35
Positive
Market Momentum
0.04
Negative
58.76
Neutral
68.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BS6, the sentiment is Positive. The current price of 4.09 is above the 20-day moving average (MA) of 3.94, above the 50-day MA of 3.88, and above the 200-day MA of 3.35, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.76 is Neutral, neither overbought nor oversold. The STOCH value of 68.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BS6.
Yangzijiang Shipbuilding (Holdings) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$651.77M | ― | 5.09% | 0.60% | -0.58% | 160.00% | |
75 Outperform | S$589.51M | 2.09 | 39.11% | ― | -5.60% | -82.25% | |
74 Outperform | S$15.80B | 4.24 | 28.61% | 3.46% | 5.09% | 27.85% | |
65 Neutral | S$401.32M | ― | 12.68% | 0.78% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | S$7.79B | ― | 3.11% | 0.70% | 24.28% | 107.38% | |
57 Neutral | S$19.17B | ― | 3.58% | 3.29% | -3.52% | -16.41% |
* Industrials Sector Average
SG:BS6
Yangzijiang Shipbuilding (Holdings)
4.00
1.98
97.92%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.