Grand Banks Yachts (G50) AI Stock Analysis

• Market Cap: S$126.88M
• Dividend Yield: 1.89%
• Average Volume (3M): 40.55K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.94
• Revenue Growth: 21.45%
• EPS Growth: -15.72%
• Country: SG
• Employees: 983
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 0.02
• Shares Outstanding: 186,584,660
• 10 Day Avg. Volume: 38,090
• 30 Day Avg. Volume: 40,550
• PEG Ratio: -0.29
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 7.60
• 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: 74 Outperform
• Price Target: S$0.76 ▼(-5.00% Downside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

Grand Banks Yachts demonstrates strong financial performance with solid revenue growth and profitability. The stock is technically strong but shows overbought signals, suggesting caution. Its attractive valuation with a low P/E ratio and reasonable dividend yield further supports its investment potential.

Positive Factors

Strong revenue growth

Sustained top-line expansion (22.55% revenue growth) signals durable demand and successful order-to-delivery execution. Over a 2–6 month horizon this underpins backlog conversion, supports pricing power and provides a firmer base for reinvesting in product lines and after-sales services.

Conservative leverage and robust equity

A low debt-to-equity ratio (0.28) and strong equity ratio provide financial flexibility to fund capex, support working capital and withstand cyclical demand. Robust ROE (~17.8%) indicates efficient capital use, durable advantages for strategic investments and shareholder returns.

Improving cash generation

Very strong free cash flow growth (163.8%) and operating cash flow exceeding net income (1.71x) show improved conversion of earnings into cash. This strengthens ability to fund service operations, modest dividends and reinvestment, enhancing long-term business sustainability.

Negative Factors

Sharp EPS decline

A nearly 39% EPS contraction is a material deterioration in profitability metrics. If persistent, it can limit retained earnings available for reinvestment, compress strategic flexibility and signal operational or margin issues that may take multiple quarters to resolve.

Margin pressure and deterioration

Reported declines in gross and net margins indicate rising input costs or pricing pressure. Sustained margin erosion would reduce free cash flow conversion and ROE, straining the company’s ability to maintain profitable growth and finance after-sales investments over the medium term.

Cyclical, discretionary demand and supply sensitivity

Business relies on discretionary luxury purchases and is sensitive to order timing, production constraints and supply-chain volatility. These structural exposures reduce revenue visibility, magnify cycle-driven swings in backlog and can pressure margins if disruptions persist.

Grand Banks Yachts Business Overview & Revenue Model

Company Description

Grand Banks Yachts Limited, together with its subsidiaries, manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia. The company offers its yachts under the Grand Banks, Eastbay, and Palm Beach brand names. It also engages in the boat brokerage and servicing activities; sells stock boats, trade-in boats, and parts; and owns properties and marinas. In addition, the company involved in investment holding and employment activities. Grand Banks Yachts Limited was founded in 1956 and is headquartered in Singapore.

How the Company Makes Money

Grand Banks Yachts primarily makes money by selling newly built yachts to customers, with revenue recognized from the delivery of completed vessels under its Grand Banks and Eastbay product lines. A secondary source of revenue is after-sales support tied to yacht ownership (e.g., service, maintenance-related activities, and support provided to owners); however, the specific breakdown of revenue between new yacht sales and after-sales activities is null. The company’s earnings are influenced by factors typical to luxury yacht builders—order intake and backlog, production capacity and delivery timing, input costs and supply-chain availability for marine components, and demand conditions for discretionary luxury purchases. Any specific, named partnerships or their direct contribution to revenue are null.

Grand Banks Yachts Financial Statement Overview

Summary

Grand Banks Yachts is performing well with strong revenue growth and profitability. The balance sheet is solid with low leverage and high return on equity. Cash flow generation has improved significantly, although there is room for improvement in converting earnings to free cash flow. The company should monitor cost management to maintain margins.

Income Statement

Grand Banks Yachts has demonstrated strong revenue growth with an 8.88% increase in the most recent year, following a significant 17.06% growth the previous year. The company maintains healthy profitability with a gross profit margin of 29.86% and a net profit margin of 11.23%. However, there is a noticeable decline in margins compared to the previous year, indicating potential cost pressures or pricing challenges.

Balance Sheet

The company exhibits a solid financial position with a low debt-to-equity ratio of 0.28, indicating conservative leverage. Return on equity is robust at 17.84%, reflecting efficient use of equity to generate profits. The equity ratio stands at 56.88%, showcasing a strong equity base relative to total assets.

Cash Flow

Grand Banks Yachts has shown impressive free cash flow growth of 163.79%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 1.71, suggesting strong cash flow relative to earnings. However, the free cash flow to net income ratio of 0.40 indicates that a significant portion of earnings is not translating into free cash flow.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	162.32M	133.65M	114.17M	75.18M	96.06M
Gross Profit	48.47M	50.73M	36.78M	19.96M	20.69M
EBITDA	31.96M	35.24M	19.68M	8.18M	10.01M
Net Income	18.22M	21.38M	10.11M	4.01M	4.23M
Balance Sheet
Total Assets	179.63M	144.42M	129.48M	112.99M	107.43M
Cash, Cash Equivalents and Short-Term Investments	51.52M	42.08M	41.07M	36.34M	45.21M
Total Debt	28.75M	4.42M	2.48M	3.85M	5.04M
Total Liabilities	77.48M	57.18M	60.36M	49.51M	46.56M
Stockholders Equity	102.15M	87.24M	69.12M	63.48M	60.87M
Cash Flow
Free Cash Flow	12.61M	4.28M	8.36M	-8.16M	36.73M
Operating Cash Flow	31.25M	9.02M	15.16M	-977.00K	41.55M
Investing Cash Flow	-17.31M	-881.00K	-11.86M	-7.14M	-4.75M
Financing Cash Flow	-3.81M	-4.29M	-3.05M	-1.35M	-2.43M

Grand Banks Yachts Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.80
• 50DMA: Negative
• 100DMA: Negative
• 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:G50, the sentiment is Neutral. The current price of 0.8 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.75, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 40.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:G50.

Grand Banks Yachts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BHU	79 Outperform	S$76.36M	8.54	11.74%	5.12%	-1.49%	2.89%
42L	75 Outperform	S$111.32M	5.08	9.26%	1.99%	21.59%	21.74%
G50	74 Outperform	S$126.88M	5.26	18.46%	1.89%	21.45%	-15.72%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
533	59 Neutral	S$80.40M	23.95	3.98%	3.75%	13.16%	-0.52%