China Aviation Oil (Singapore) (G92) AI Stock Analysis

• Market Cap: S$1.26B
• Dividend Yield: 2.51%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.78
• Revenue Growth: 3.60%
• EPS Growth: 3.60%
• Country: SG
• Employees: 150
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.07
• Shares Outstanding: 866,183,650
• 10 Day Avg. Volume: 888,290
• 30 Day Avg. Volume: 1,087,333
• PEG Ratio: 0.22
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.04
• P/FCF Ratio: 4.78
• 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$1.64
• Price Target Upside: 10.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: S$1.50 ▲(1.35% Upside)

China Aviation Oil (Singapore) presents a solid investment opportunity with a strong balance sheet and reasonable valuation. The technical indicators show bullish momentum, although caution is advised due to overbought signals. Financial performance is stable but faces challenges in revenue growth and cash flow stability.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to navigate market fluctuations and invest in growth opportunities.

Improved Profitability Metrics

Enhanced profitability metrics indicate effective cost management and operational efficiency, which can support sustainable earnings growth over time.

Strategic Partnerships

Strategic partnerships ensure a stable supply chain and competitive pricing, enhancing the company's market position and revenue stability in the aviation fuel sector.

Negative Factors

Declining Revenue Trend

A declining revenue trend can limit growth potential and affect the company's ability to invest in new opportunities, potentially impacting long-term competitiveness.

Cash Flow Challenges

Challenges in converting profits into cash can strain liquidity and limit the company's ability to fund operations and growth initiatives, affecting financial health.

Low Gross Profit Margin

A low gross profit margin indicates challenges in maintaining profitability, which could hinder the company's ability to withstand cost pressures and sustain long-term growth.

China Aviation Oil (Singapore) Business Overview & Revenue Model

Company Description

China Aviation Oil (Singapore) Corporation Ltd engages in trading jet fuel and other petroleum products to civil aviation industry worldwide. It operates through three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The company engages in trading and supply of aviation fuel and gas, jet fuel, gas oil, fuel oil/gasoline, and crude oil. It also invests in oil-related assets. The company was incorporated in 1993 and is headquartered in Singapore. China Aviation Oil (Singapore) Corporation Ltd is a subsidiary of China National Aviation Fuel Group Limited.

How the Company Makes Money

China Aviation Oil generates revenue primarily through the procurement and sale of aviation fuel, which constitutes its core business. The company operates on a wholesale basis, purchasing jet fuel from refineries and suppliers, and then selling it to airlines and other customers at competitive prices. Additionally, it engages in trading activities that include the import and export of fuel products, allowing it to capitalize on price fluctuations in the global market. The company also earns revenue through storage and logistics services, providing fuel supply chain solutions that enhance operational efficiency for its clients. Strategic partnerships with major oil companies and airlines further bolster its revenue streams by ensuring a stable supply and competitive pricing. Market factors such as demand for air travel, global oil prices, and regulatory environments also significantly influence its earnings.

China Aviation Oil (Singapore) Financial Statement Overview

Summary

The company shows a stable financial position with low leverage and improving profitability metrics. However, challenges in revenue growth and cash flow stability persist. The income statement indicates declining revenue but improved net profit margin. The balance sheet is strong with low debt, while cash flow performance is mixed.

Income Statement

The company has shown a declining revenue trend over the past few years, with a significant drop in 2024. Despite this, the net profit margin has improved slightly, indicating better cost management. However, the gross profit margin remains low, reflecting challenges in maintaining profitability. The EBIT and EBITDA margins have shown slight improvements, suggesting operational efficiencies.

Balance Sheet

The balance sheet is strong with a very low debt-to-equity ratio, indicating minimal leverage and financial stability. The return on equity has improved over the years, reflecting efficient use of equity to generate profits. The equity ratio is healthy, showcasing a solid financial foundation.

Cash Flow

Cash flow performance is mixed, with significant fluctuations in free cash flow growth. The operating cash flow to net income ratio is low, suggesting challenges in converting profits into cash. However, the free cash flow to net income ratio is close to 1, indicating that most of the net income is being converted into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.54B	15.52B	14.43B	16.46B	17.64B	10.52B
Gross Profit	48.07M	41.87M	50.60M	35.39M	30.70M	45.87M
EBITDA	31.98M	95.48M	74.79M	47.78M	54.15M	72.65M
Net Income	85.98M	78.36M	58.86M	33.53M	40.35M	56.19M
Balance Sheet
Total Assets	2.21B	1.99B	1.79B	1.50B	1.54B	1.89B
Cash, Cash Equivalents and Short-Term Investments	515.33M	500.33M	373.04M	308.19M	400.84M	269.11M
Total Debt	2.35M	3.32M	6.29M	12.56M	14.35M	4.74M
Total Liabilities	1.19B	1.00B	835.17M	592.21M	634.29M	1.01B
Stockholders Equity	1.02B	986.27M	948.40M	902.98M	901.37M	876.88M
Cash Flow
Free Cash Flow	159.48M	120.44M	43.00M	-89.09M	112.70M	-166.48M
Operating Cash Flow	160.24M	121.36M	54.56M	-88.77M	113.00M	-166.19M
Investing Cash Flow	46.60M	44.64M	26.25M	24.45M	44.19M	96.71M
Financing Cash Flow	-44.98M	-38.34M	-16.57M	-26.67M	-25.38M	-40.31M

China Aviation Oil (Singapore) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:G92, the sentiment is Neutral. The current price of 1.48 is below the 20-day moving average (MA) of 1.49, above the 50-day MA of 1.44, and above the 200-day MA of 1.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.32 is Neutral, neither overbought nor oversold. The STOCH value of 37.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:G92.

China Aviation Oil (Singapore) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
G92	70 Outperform	S$1.26B	11.03	8.73%	2.51%	3.60%	3.60%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RE4	54 Neutral	S$609.57M	17.28	5.10%	2.00%	43.96%	-54.78%
C9Q	53 Neutral	S$105.60M	10.09	2.82%	―	-17.82%	-75.83%
5WH	47 Neutral	S$170.60M	-2.36	-85.62%	―	11.94%	26.44%

China Aviation Oil (Singapore) Corporate Events

China Aviation Oil’s Controlling Shareholder Undergoes Restructuring

China Aviation Oil (Singapore) has announced that its controlling shareholder, China National Aviation Fuel Group Limited, is undergoing a corporate restructuring with another conglomerate. This restructuring is not expected to affect the company’s normal business operations, but it is still in the planning stage and subject to change, which may introduce uncertainties for investors.