KSH Holdings Limited (SG:ER0)
SGX:ER0
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KSH Holdings Limited
(SGX:ER0)
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Rating:50Neutral
Price Target:
S$0.50
▲(38.89% Upside)
Action:ReiteratedDate:11/19/25
The overall stock score is primarily influenced by the company's mixed financial performance and bearish technical indicators. While there is strong cash flow generation, profitability issues and negative market momentum weigh heavily on the score. The valuation suggests potential overvaluation, but the dividend yield offers some investor appeal.
Positive Factors
Strong free cash flow growth
Very large free cash flow growth signals durable cash generation capacity. Over 2–6 months this supports debt reduction, working-capital needs, contract bonding and targeted reinvestment into higher-margin work, improving financial flexibility and resilience versus peers.
Negative Factors
Negative operating and net margins
Persistent negative EBIT and net margins indicate the business fails to convert revenue into sustainable profits. Structural cost or pricing issues reduce retained earnings, limit reinvestment potential and require operational fixes to restore long-term shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow growth
Very large free cash flow growth signals durable cash generation capacity. Over 2–6 months this supports debt reduction, working-capital needs, contract bonding and targeted reinvestment into higher-margin work, improving financial flexibility and resilience versus peers.
Read all positive factors
KSH Holdings Limited (ER0) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$197.19M
Dividend Yield3.47%
Average Volume (3M)1.74M
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth62.31%
EPS GrowthN/A
CountrySG
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding569,735,660
10 Day Avg. Volume2,162,490
30 Day Avg. Volume1,736,596
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.43
Price to Sales (P/S)0.65
P/FCF Ratio4.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.51Price Target Upside41.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
KSH Holdings Limited Business Overview & Revenue Model
Company Description
KSH Holdings Limited, an investment holding company, operates as a construction builder and contractor for public and private sectors. The company operates through Construction, and Property Development and Investment segments. It constructs resid...
How the Company Makes Money
KSH Holdings Limited generates revenue through multiple streams, primarily from its core construction and property development activities. The company earns money by securing contracts for civil engineering and building projects, which often invol...
KSH Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| 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
Positive
0.36
Price Trends
0.35
Negative
0.36
Negative
0.34
Positive
Market Momentum
>-0.01
Negative
50.15
Neutral
83.33
Negative
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 0.36 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.35, and above the 200-day MA of 0.34, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.15 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$225.27M | 3.27 | 6.36% | 2.24% | 14.25% | 5.61% | |
70 Outperform | S$606.70M | 10.01 | 4.12% | 11.07% | 5.49% | -86.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | S$197.19M | ― | -0.96% | 3.47% | 62.31% | ― | |
48 Neutral | S$49.95M | ― | 0.99% | 2.50% | 20.81% | ― |
* Industrials Sector Average
SG:ER0
KSH Holdings Limited
0.35
0.14
69.08%
SG:BQM
Tiong Woon Corporation Holding Ltd
0.97
0.38
64.41%
SG:C06
CSC Holdings Limited
0.01
<0.01
40.00%
SG:E3B
Wee Hur Holdings Ltd.
0.66
0.22
50.68%
SG:L19
Lum Chang Holdings Limited
0.52
0.25
92.88%
KSH Holdings Limited Corporate Events
KSH Holdings Boosts Order Book to S$1 Billion with New Contract Win
Mar 12, 2026
KSH Holdings’ wholly owned unit Kim Seng Heng Engineering Construction has secured a new construction project in Singapore worth more than S$32 million, reinforcing the group’s presence in the local construction sector. With this lates...
KSH Holdings Lifts Order Book to S$970 Million With New Project Win
Feb 25, 2026
KSH Holdings Limited has announced that its wholly owned subsidiary Kim Seng Heng Engineering Construction (Pte) Ltd has secured a new construction project valued at more than S$503 million. With this latest win, the Group’s Singapore constr...
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.