KSH Holdings Limited (ER0) AI Stock Analysis

• Market Cap: €214.09M
• Dividend Yield: 3.13%
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: -14.63%
• EPS Growth: 80.86%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 569,735,660
• 10 Day Avg. Volume: 2,162,490
• 30 Day Avg. Volume: 1,736,596
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• Price Target: S$0.50 ▲(25.00% Upside)

The overall stock score is primarily influenced by the company's financial performance challenges, including declining revenues and profitability. Technical analysis provides a positive outlook with strong price trends, while valuation is hindered by a negative P/E ratio despite a decent dividend yield.

KSH Holdings Limited Business Overview & Revenue Model

Company Description

KSH Holdings Limited (ER0) is a diversified investment holding company primarily engaged in the construction and property development sectors. The company operates through various subsidiaries and is involved in a wide range of activities, including general construction, project management, and real estate development. KSH Holdings also has interests in the manufacturing of precast concrete products and operates in sectors such as logistics and engineering services, contributing to its comprehensive portfolio of offerings.

How the Company Makes Money

KSH Holdings generates revenue through multiple streams, primarily from its construction and property development projects. The company undertakes a variety of construction contracts, including public infrastructure projects and private developments, which provide substantial income. Additionally, revenue is derived from the sale and leasing of developed properties, particularly in the residential and commercial segments. The manufacturing division contributes further by producing precast concrete products for internal use and external sales. Strategic partnerships with government agencies and private developers enhance project opportunities, while a focus on quality and timely delivery helps secure repeat business and long-term contracts, bolstering the company's financial performance.

KSH Holdings Limited Financial Statement Overview

Summary

KSH Holdings Limited faces significant challenges with declining revenues and profitability, as reflected in its income statement. The balance sheet shows some stability with manageable leverage, but the decreasing asset base is concerning. While cash flows have been volatile, there are recent improvements.

Income Statement

The income statement shows a troubling trend with declining revenues and persistent net losses over the past few years. The gross profit margin and other profitability metrics have deteriorated significantly, indicating challenges in cost management and revenue generation. However, there was a slight improvement in 2025 compared to 2024, albeit still negative, which may suggest potential stabilization efforts.

Balance Sheet

The balance sheet reflects a moderate level of stability with a reasonable equity base. The debt-to-equity ratio indicates manageable leverage, although the equity ratio has declined, reflecting a reduced asset base. Stockholders' equity has been relatively stable, but the decrease in total assets over recent years is a concern.

Cash Flow

Cash flow performance is mixed, with improvements in operating cash flows in the latest year. The company has shown an ability to generate positive free cash flow after a period of negative results, though this is inconsistent over the years. The operating cash flow to net income ratio is promising but needs consistent improvement.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	182.76M	214.07M	297.99M	240.32M	153.09M
Gross Profit	19.10M	-16.48M	19.92M	15.98M	3.90M
EBITDA	-2.06M	-28.52M	10.94M	715.00K	-211.00K
Net Income	-5.94M	-31.04M	22.11M	24.16M	-3.79M
Balance Sheet
Total Assets	513.66M	577.41M	709.17M	622.61M	603.69M
Cash, Cash Equivalents and Short-Term Investments	127.63M	93.15M	80.50M	94.15M	69.03M
Total Debt	70.06M	151.92M	209.80M	124.52M	148.50M
Total Liabilities	215.77M	259.96M	345.44M	262.38M	260.14M
Stockholders Equity	278.05M	293.83M	338.16M	336.32M	320.36M
Cash Flow
Free Cash Flow	27.92M	-14.43M	-38.80M	45.49M	18.61M
Operating Cash Flow	29.04M	-14.31M	-38.16M	45.91M	20.07M
Investing Cash Flow	40.73M	99.18M	-52.20M	16.54M	-10.27M
Financing Cash Flow	-76.75M	-63.55M	68.32M	-37.49M	-6.92M

KSH Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:ER0, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.37, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.76 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:ER0.

KSH Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BQM	75 Outperform	S$178.82M	9.29	6.08%	0.75%	14.25%	5.61%
E3B	65 Neutral	S$620.49M	23.28	4.06%	11.86%	5.49%	-86.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ER0	56 Neutral	€214.09M	―	-2.08%	3.13%	-14.63%	80.86%
C06	54 Neutral	S$64.22M	36.00	2.33%	1.84%	10.64%	―

KSH Holdings Limited Corporate Events

KSH Holdings Enters Joint Venture to Boost Real Estate Development

KSH Holdings Limited has announced a joint venture agreement through its subsidiary, KSH Blazar Pte. Ltd., with several partners to form Thomson Gem Pte. Ltd., a real estate development company. This strategic move involves KSHB acquiring a significant share in the joint venture, highlighting the company’s commitment to expanding its footprint in the real estate sector and potentially enhancing its market position.

The most recent analyst rating on (SG:ER0) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on KSH Holdings Limited stock, see the SG:ER0 Stock Forecast page.

KSH Holdings Utilizes Funds from Treasury Share Placement

KSH Holdings Limited has successfully completed the placement of 28,900,400 treasury shares, raising net proceeds of S$8,670,120. These funds have been fully utilized for general working capital, specifically for payments to subcontractors and suppliers, aligning with the company’s strategic financial plans.

The most recent analyst rating on (SG:ER0) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on KSH Holdings Limited stock, see the SG:ER0 Stock Forecast page.

KSH Holdings Limited Conducts Annual General Meeting

KSH Holdings Limited held its Annual General Meeting at Furama City Centre in Singapore, where shareholders and proxies gathered to discuss company matters. The meeting was chaired by Mr. Choo Chee Onn, who was appointed as proxy by shareholders to vote on various resolutions, reflecting the company’s ongoing governance and shareholder engagement practices.

The most recent analyst rating on (SG:ER0) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on KSH Holdings Limited stock, see the SG:ER0 Stock Forecast page.

KSH Holdings Expands Construction Order Book to S$315 Million

KSH Holdings Limited has announced that its subsidiary, Kim Seng Heng Engineering Construction, has accepted a Letter of Acceptance for a new construction project, raising its order book in Singapore to approximately S$315 million. This increase in the order book is expected to positively impact the company’s financial results up to the financial year ending March 31, 2027, as the group continues to work on additional tenders to further boost its order book.

The most recent analyst rating on (SG:ER0) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on KSH Holdings Limited stock, see the SG:ER0 Stock Forecast page.

KSH Holdings Boosts Share Liquidity with Treasury Share Sale

KSH Holdings Limited has announced the sale of all its 28,900,400 treasury shares through Evolve Capital Advisory and Maybank Securities, raising S$8,814,622. This move aims to increase the liquidity of the company’s shares, reducing the percentage of treasury shares from 5.34% to 0%, potentially enhancing market confidence and shareholder value.

The most recent analyst rating on (SG:ER0) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on KSH Holdings Limited stock, see the SG:ER0 Stock Forecast page.

KSH Holdings Prepares for AGM with Shareholder Engagement

KSH Holdings Limited has addressed shareholder inquiries ahead of its Annual General Meeting scheduled for July 31, 2025. The company expressed gratitude to shareholders for their questions and provided responses from management and the board, indicating a commitment to transparency and stakeholder engagement.