Yangzijiang Shipbuilding (Holdings) (BS6) AI Stock Analysis

• Market Cap: S$8.14B
• Dividend Yield: 3.04%
• Average Volume (3M): 21.80M
• Price to Earnings (P/E): 6.6
• Beta (1Y): 0.90
• Revenue Growth: 7.88%
• EPS Growth: 58.71%
• Country: SG
• Employees: 7,306
• Sector: Industrials
• Sector Strength: 92
• Industry: Aerospace & Defense
• EPS (TTM): 0.31
• Shares Outstanding: 3,974,076,700
• 10 Day Avg. Volume: 19,612,040
• 30 Day Avg. Volume: 21,797,393
• PEG Ratio: -2.31
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 0.00
• 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: S$2.87
• Price Target Upside: 40.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 80 Outperform
• Price Target: S$2.50 ▲( 22.55% Upside)

Yangzijiang Shipbuilding's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's solid balance sheet, robust cash flows, and low P/E ratio contribute positively. Technical analysis suggests a neutral market sentiment, limiting further upward score potential.

Positive Factors

ESG and Corporate Governance

Yangzijiang's improving corporate governance and pivot towards cleaner vessels could draw more interest from ESG funds.

Financial Performance

Strong results were reported with revenue of Rmb26.5b and PATMI of Rmb6.6b, driven by strong performance in both its shipbuilding and shipping segments.

Order Book

Yangzijiang Shipbuilding is on track to achieve its delivery target of 56 vessels, with no delays or cancellations despite market challenges.

Negative Factors

Currency Risk

Revenue is mainly denominated in US dollars, and any depreciation of the USD could negatively impact earnings.

Material Costs

Every 1% rise in steel cost could result in a 0.7% drop in earnings.

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, Norway, Canada, British Virgin Islands, Korea, other Asian and European countries, and internationally. It operates through Shipbuilding, Shipping, and Others segments. The company produces a range of commercial vessels, such as containerships, dry bulk carriers, and liquefied natural gas carriers. It also engages in the production and processing of steel structures; offshore marine equipment construction and ship design; and vessel owning activities. In addition, the company facilitates the sale and export of ships for the ship builder; and trading in ship related equipment and shipbuilding related materials/supplies, as well as provides ship repairing services. Further, it engages in the architecture and marine engineering field, as well as owns and operates a tank terminal. The company was founded in 1956 and is based in Jingjiang, China.

How the Company Makes Money

Yangzijiang Shipbuilding generates revenue through various streams primarily centered around its shipbuilding operations. The company earns income from constructing and selling a diverse array of vessels tailored to the specifications of its global clientele. These vessels include containerships, bulk carriers, and LNG carriers, which cater to different segments of the maritime industry. Yangzijiang Shipbuilding also benefits from its shipbreaking services, wherein it dismantles and recycles older ships, extracting valuable materials such as steel. Additionally, the company operates in the shipping logistics and vessel chartering sectors, providing shipping services and leasing vessels to clients. These activities allow Yangzijiang Shipbuilding to capitalize on the growing demand for maritime transportation and logistics solutions. Partnerships with international shipping companies and strategic investments in advanced shipbuilding technologies further enhance its revenue potential.

Yangzijiang Shipbuilding (Holdings) Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
32.33B	26.54B	24.11B	20.71B	16.77B	14.84B
	Gross Profit
8.52B	7.61B	5.41B	3.20B	3.63B	4.22B
	EBIT
7.79B	0.00	4.84B	3.34B	4.40B	3.45B
	EBITDA
20.08B	8.76B	5.31B	3.80B	4.90B	3.97B
	Net Income Common Stockholders
5.43B	6.63B	4.10B	2.81B	3.70B	2.52B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
18.62B	28.14B	16.58B	12.47B	28.58B	21.91B
	Total Assets
44.91B	54.56B	40.86B	32.97B	51.61B	44.91B
	Total Debt
4.04B	6.80B	5.59B	4.57B	4.46B	4.24B
	Net Debt
-2.55B	-21.32B	-10.97B	-6.21B	-7.91B	-2.39B
	Total Liabilities
15.33B	28.18B	19.72B	15.26B	15.55B	11.53B
	Stockholders Equity
28.88B	26.28B	20.94B	17.57B	35.92B	32.34B
Cash Flow		Free Cash Flow
16.55B	11.90B	7.18B	3.73B	5.47B	-905.76M
	Operating Cash Flow
18.52B	12.96B	7.97B	4.63B	6.14B	-611.54M
	Investing Cash Flow
-1.67B	-1.17B	-2.29B	-876.52M	315.39M	-1.04B
	Financing Cash Flow
-871.38M	-233.29M	99.08M	-5.34B	-728.21M	-1.90B

Yangzijiang Shipbuilding (Holdings) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.04
• 50DMA: Negative
• 100DMA: Negative
• 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:BS6, the sentiment is Negative. The current price of 2.04 is below the 20-day moving average (MA) of 2.13, below the 50-day MA of 2.12, and below the 200-day MA of 2.44, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.00 is Neutral, neither overbought nor oversold. The STOCH value of 19.19 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BS6	80 Outperform	S$8.14B	6.61	28.14%	3.04%	7.88%	58.71%
Sector *	64 Neutral	$4.39B	11.80	5.20%	249.39%	3.95%	-12.36%
GIGNF		$6.69B	15.32	7.03%	5.39%	―	―
JCYCF		$7.98B	7.48	11.58%	6.55%	―	―
SCRPF		$9.11B	12.93	20.60%	3.12%	―	―
BN4	72 Outperform	S$11.84B	13.10	7.90%	5.03%	-5.24%	-77.23%

Yangzijiang Shipbuilding (Holdings) Corporate Events

Yangzijiang Shipbuilding Reviews 2024 Performance at AGM

Yangzijiang Shipbuilding (Holdings) Ltd. held its nineteenth Annual General Meeting, where the Executive Chairman and CEO, Mr. Ren Letian, presented the company’s business outlook and performance review for the financial year 2024. The meeting underscored the company’s appreciation for shareholder support and provided insights into its strategic direction and operational performance.

The most recent analyst rating on (SG:BS6) stock is a Buy with a S$2.86 price target. To see the full list of analyst forecasts on Yangzijiang Shipbuilding (Holdings) stock, see the SG:BS6 Stock Forecast page.

Yangzijiang Shipbuilding Receives Partial Arbitration Awards

Yangzijiang Shipbuilding (Holdings) Ltd. announced that an arbitration tribunal in London has issued ten Partial Arbitration Awards related to ten shipbuilding contracts. The tribunal did not uphold the majority of the claims against Yangzijiang’s subsidiaries, except for a potential refund claim of USD3.32 million. The arbitration is not expected to have a significant adverse effect on the company’s financial position for the year ending December 2025. The company is working with legal advisors to determine the next steps and will keep shareholders informed of any material updates.