COSCO Shipping International Singapore Co Ltd (F83) AI Stock Analysis

• Market Cap: S$532.94M
• Dividend Yield: N/A
• Average Volume (3M): 5.28M
• Price to Earnings (P/E): 49.6
• Beta (1Y): 0.74
• Revenue Growth: 6.34%
• EPS Growth: 160.00%
• Country: SG
• Employees: 879
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): <0.01
• Shares Outstanding: 4,478,489,700
• 10 Day Avg. Volume: 2,828,320
• 30 Day Avg. Volume: 5,282,206
• PEG Ratio: -2.73
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 2.79
• P/FCF Ratio: 16.75
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: S$0.13 ▲(7.50% Upside)
• Action: Reiterated Date: 03/02/26
• Date: Action: Reiterated 03/02/26

The score is supported primarily by improving 2025 fundamentals (revenue growth, better margins, stronger balance sheet, and positive free cash flow). It is held back by a high P/E valuation and muted technical momentum, alongside the longer-term risk of earnings volatility and low ROE.

Positive Factors

Leverage Reduction

A materially lower debt-to-equity ratio gives COSCO Shipping International greater balance-sheet flexibility for the cyclical logistics sector. Sustained lower leverage reduces refinancing risk, enables opportunistic investment or deleveraging, and improves resilience across downturns.

Consistent Free Cash Flow

Consistent positive free cash flow and recent YoY growth support durable internal funding for capex, debt reduction, or shareholder returns. Reliable cash generation enhances liquidity and strategic optionality, reducing dependence on external financing over the medium term.

Revenue and Margin Recovery

A return to revenue growth accompanied by improved operating and net margins signals operational recovery and improved pricing or cost control. If sustained, this supports higher recurring profitability and strengthens the firm's ability to withstand cyclical headwinds.

Negative Factors

Earnings Volatility

Sharp swings in profitability reduce predictability of cash flows and complicate capital planning. Material past losses indicate earnings are cyclical and exposed to external shocks, which can raise the firm's cost of capital and impair long-term investor confidence.

Low Return on Equity

A very low ROE signals limited effectiveness in converting equity into profitable returns. Over time, this constrains shareholder value creation and suggests either heavy capital base, low asset productivity, or subpar margins that may be structural without meaningful strategic shifts.

Inconsistent Cash Conversion

Variability between operating cash flow and reported earnings points to working-capital swings or non-cash items affecting earnings quality. Persistent inconsistency can lead to unpredictable free cash flow timing, complicating reinvestment, dividend policy, and stress-testing under downturns.

COSCO Shipping International Singapore Co Ltd Business Overview & Revenue Model

Company Description

COSCO SHIPPING International (Singapore) Co., Ltd., an investment holding company, provides integrated logistics services in South and Southeast Asia. It operates through Shipping, Ship Repair and Marine Engineering Activities, Logistics, and Property Management segments. The company's logistics services include warehousing management, ISO tank and container depot management, automotive logistics, and transport management to SMEs and multinational companies. It also offers forwarding and shipping; property investment, trading, and management services; and dry bulk cargo transportation services comprising grains, iron ore, coal, steel, cement, and fertilizers through 3 vessels, as well as ship repair and marine engineering services. In addition, the company provides export processing, transportation, and storage of motor vehicles, as well as hostel management services; and engages in ship owning and chartering activities. Further, it offers container repair, fabrication work, freight management, and warehouse rental services; and produces marine outfitting components. The company was formerly known as COSCO Corporation (Singapore) Limited and changed its name to COSCO SHIPPING International (Singapore) Co., Ltd. in April 2017. The company was incorporated in 1961 and is based in Singapore. COSCO SHIPPING International (Singapore) Co., Ltd. is a subsidiary of China Ocean Shipping Company Limited.

How the Company Makes Money

COSCO Shipping International generates revenue through multiple streams, primarily focusing on providing shipping and logistics services. Key revenue sources include ship management services, where the company charges fees for managing the operations and maintenance of vessels for clients. Additionally, the company earns income from freight forwarding services, which involves organizing the shipment of goods on behalf of clients and charging for logistics solutions. Significant partnerships with global shipping lines and logistics firms enhance its service offerings and expand its market reach, contributing to stable revenue growth. Furthermore, COSCO Shipping International capitalizes on its strategic location in Singapore, a major shipping hub, to attract international clients seeking reliable and efficient maritime solutions.

COSCO Shipping International Singapore Co Ltd Financial Statement Overview

Summary

Financials improved in 2025 with a return to revenue growth (+6.8% YoY), higher net/operating profitability, substantially lower leverage (debt-to-equity ~0.22), and consistently positive free cash flow. Offsetting this are pronounced earnings volatility (including a large 2022 loss) and persistently low ROE (~1.0% in 2025), which reduces overall quality and consistency.

Income Statement

Revenue returned to growth in 2025 (+6.8% YoY) after declines in 2022–2024, and profitability improved meaningfully with net margin rising to ~4.1% (vs ~3.2% in 2024 and ~1.1% in 2023). Operating profitability also strengthened in 2025 with higher operating and EBITDA margins versus 2024. The key weakness is earnings volatility over the cycle, highlighted by the large loss in 2022 (deeply negative net margin), indicating results can swing materially despite relatively steady gross margins.

Balance Sheet

Leverage improved substantially in 2025, with debt-to-equity declining to ~0.22 from ~0.53 in 2024, alongside a higher equity base. This lower leverage position provides balance-sheet flexibility for a cyclical logistics business. The main drawback is low return on equity (about 1.0% in 2025) and a history of weak/negative returns (notably 2022), suggesting the company is not consistently generating strong profitability on its capital base.

Cash Flow

Cash generation was solid in 2025, with operating cash flow of ~56.9m and free cash flow of ~32.4m, and free cash flow growth rebounding strongly (+15.6% YoY) after a soft 2024. Free cash flow has remained positive across all provided years, supporting financial resilience. Offsetting this, cash conversion versus accounting earnings appears inconsistent (e.g., operating cash flow relative to net income and free cash flow relative to net income are not especially strong), pointing to variability in working capital or non-cash items.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	181.62M	194.00M	172.92M	178.71M	185.64M	198.46M
Gross Profit	45.54M	46.54M	42.48M	40.35M	41.24M	47.18M
EBITDA	49.48M	53.44M	46.53M	60.57M	56.02M	86.74M
Net Income	5.82M	7.94M	5.47M	1.90M	-88.60M	30.11M
Balance Sheet
Total Assets	836.04M	980.31M	846.20M	856.34M	926.03M	1.07B
Cash, Cash Equivalents and Short-Term Investments	47.74M	179.03M	47.59M	66.68M	106.68M	108.01M
Total Debt	242.71M	173.50M	265.16M	261.80M	328.92M	358.21M
Total Liabilities	333.69M	199.23M	344.82M	365.32M	433.27M	488.32M
Stockholders Equity	497.39M	776.05M	496.49M	487.09M	489.02M	574.16M
Cash Flow
Free Cash Flow	27.99M	32.36M	19.80M	30.15M	32.91M	32.43M
Operating Cash Flow	41.45M	56.93M	34.30M	44.31M	48.94M	58.50M
Investing Cash Flow	-6.76M	-24.18M	-14.79M	-10.26M	-6.54M	-2.85M
Financing Cash Flow	-43.28M	98.90M	-38.82M	-73.31M	-43.01M	-24.00M

COSCO Shipping International Singapore Co Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:F83, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.43 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:F83.

COSCO Shipping International Singapore Co Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S19	73 Outperform	S$124.97M	7.16	10.22%	3.33%	-0.41%	5.10%
S56	72 Outperform	S$570.32M	5.85	16.35%	7.98%	16.82%	62.71%
RXS	71 Outperform	S$136.80M	8.62	―	0.49%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5UL	63 Neutral	S$68.58M	8.34	5.32%	348.53%	-86.29%	20.88%
A04	61 Neutral	S$319.00M	10.70	―	0.78%	―	―
F83	60 Neutral	S$532.94M	49.58	1.18%	―	6.34%	160.00%

COSCO Shipping International Singapore Co Ltd Corporate Events

COSCO Shipping International Singapore Details Deployment of S$272 Million Rights Issue Proceeds

COSCO Shipping International (Singapore) Co., Ltd. has completed a renounceable non-underwritten rights issue, raising net proceeds of approximately S$272.2 million after costs. The capital raise is intended to strengthen the group’s logistics platform through asset development while also improving its balance sheet via debt reduction.

According to the company, about S$149.91 million of the net proceeds has been fully used to repay bank borrowings, reducing leverage and interest obligations. A further S$19.01 million has been drawn to partially fund logistics infrastructure and investment opportunities, including the JILH Phase II project, leaving a remaining balance of S$103.28 million earmarked for future logistics-related expansion.

The most recent analyst rating on (SG:F83) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on COSCO Shipping International Singapore Co Ltd stock, see the SG:F83 Stock Forecast page.

COSCO Shipping International (Singapore) Details Use of S$272m Rights Issue Proceeds

COSCO Shipping International (Singapore) Co., Ltd. has raised net proceeds of approximately S$272.2 million from its renounceable non-underwritten rights issue of over 2.23 billion new ordinary shares, after deducting about S$1 million in costs and expenses. The company has used S$149.91 million of the proceeds to fully repay bank borrowings, strengthening its balance sheet, and has deployed S$15.07 million towards logistics infrastructure projects and investment opportunities, including the development of JILH Phase II, leaving a remaining balance of S$107.22 million earmarked primarily for further logistics infrastructure construction or acquisitions and related investments.

The most recent analyst rating on (SG:F83) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on COSCO Shipping International Singapore Co Ltd stock, see the SG:F83 Stock Forecast page.

COSCO Shipping Singapore Raises S$272.2 Million in Rights Issue

COSCO Shipping International Singapore Co Ltd has announced the successful raising of approximately S$272.2 million through a rights issue, after deducting associated costs. The funds will be used to partially finance logistics infrastructure projects, including the development of JILH Phase II, and to repay bank borrowings, which has implications for strengthening the company’s financial position and expanding its operational capabilities.

The most recent analyst rating on (SG:F83) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on COSCO Shipping International Singapore Co Ltd stock, see the SG:F83 Stock Forecast page.

COSCO Shipping Advances Jurong Island Logistics Hub Phase II

COSCO Shipping International Singapore Co Ltd has announced a significant milestone in the development of its Jurong Island Logistics Hub Phase II, with the completion of piling work and the construction of a retention tank basin. This progress paves the way for the next construction phase, which includes ground slab casting and the installation of a Lightning Protection System. The advancement of these projects is expected to strengthen the company’s logistics capabilities and industry positioning.

The most recent analyst rating on (SG:F83) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on COSCO Shipping International Singapore Co Ltd stock, see the SG:F83 Stock Forecast page.