Yangzijiang Shipbuilding (Holdings) Ltd. (SG:BS6)
SGX:BS6
Want to see SG:BS6 full AI Analyst Report?
Top Page
Yangzijiang Shipbuilding (Holdings)
(SGX:BS6)
Select Model
Select Model
Rating:74Outperform
Price Target:
S$4.00
▼(-2.20% Downside)
Action:Reiterated
Date: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 Profitability & Margins
Sustained margin expansion to ~30% indicates strong pricing power, efficient yard operations and favourable contract mix. High operating margins create durable cash earnings potential, provide cushion in down cycles, and support reinvestment or shareholder returns even if revenue growth slows.
Negative Factors
Volatile Cash Generation
Large swings in free cash flow undermine the convertibility of strong reported profits into liquidity. Persistent volatility in operating cash raises funding uncertainty for capex, dividend policy or working-capital needs and may force reliance on external financing in tight periods.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained margin expansion to ~30% indicates strong pricing power, efficient yard operations and favourable contract mix. High operating margins create durable cash earnings potential, provide cushion in down cycles, and support reinvestment or shareholder returns even if revenue growth slows.
Read all positive factors
Yangzijiang Shipbuilding (Holdings) (BS6) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$14.38B
Dividend Yield3.46%
Average Volume (3M)24.36M
Price to Earnings (P/E)8.9
Beta (1Y)1.13
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$4.75Price Target Upside16.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.42
Revenue Forecast (FY)S$32.51B
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
The company primarily makes money by building ships under contract for customers and recognizing revenue as it progresses through construction milestones and/or upon delivery, depending on contract terms. Its key revenue stream is shipbuilding con...
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
Negative
4.09
Price Trends
3.87
Negative
3.69
Negative
3.41
Positive
Market Momentum
-0.07
Positive
34.57
Neutral
12.41
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BS6, the sentiment is Negative. The current price of 4.09 is above the 20-day moving average (MA) of 3.92, above the 50-day MA of 3.87, and above the 200-day MA of 3.41, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.57 is Neutral, neither overbought nor oversold. The STOCH value of 12.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$526.21M | 5.21 | 41.48% | ― | -6.04% | 33.67% | |
74 Outperform | S$14.38B | 8.86 | 28.61% | 3.46% | 5.09% | 27.85% | |
72 Outperform | S$680.33M | 62.14 | 5.09% | 0.60% | 25.71% | 175.44% | |
65 Neutral | S$349.87M | 23.25 | 12.68% | 0.78% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | S$7.18B | 35.33 | 3.11% | 0.70% | 24.28% | 107.38% | |
55 Neutral | S$18.85B | 52.23 | 3.58% | 3.29% | -3.52% | -16.41% |
* Industrials Sector Average
SG:BS6
Yangzijiang Shipbuilding (Holdings)
3.64
1.62
80.11%
SG:5E2
Seatrium Limited
2.12
0.15
7.40%
SG:5LY
Marco Polo Marine Ltd.
0.17
0.13
314.29%
SG:A04
ASL Marine Holdings Ltd.
0.34
0.28
496.49%
SG:BN4
Keppel Corporation Limited
10.76
4.24
65.01%
SG:1MZ
Nam Cheong Limited
1.33
0.84
168.69%
Yangzijiang Shipbuilding (Holdings) Corporate Events
Yangzijiang Shipbuilding Lifts Payout as Record FY2025 Results Underpin Long-Term Expansion Drive
May 25, 2026
Yangzijiang Shipbuilding reported that despite a challenging FY2025 operating environment marked by geopolitical tensions and shifting trade flows in global shipping, it achieved record revenue and net profit and delivered 56 vessels on schedule. ...
Yangzijiang Eyes Strategic Seaspan Deal as It Manages Shipbuilding Downcycle
Apr 26, 2026
Yangzijiang Shipbuilding’s management believes the current shipbuilding cycle is past its peak but on a more gradual downswing, with an order book that secures yard utilisation through 2029 and provides strong production visibility. The comp...
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.