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

• Market Cap: S$1.86B
• Dividend Yield: 2.35%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: 3.60%
• EPS Growth: 3.60%
• Country: SG
• Employees: 150
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.09
• Shares Outstanding: 866,183,650
• 10 Day Avg. Volume: 888,290
• 30 Day Avg. Volume: 1,087,333
• PEG Ratio: 0.23
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.07
• P/FCF Ratio: 5.13
• 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$2.45
• Price Target Upside: 13.20% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): S$20.02B

• Rating: 73 Outperform
• Price Target: S$2.50 ▲(15.74% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is driven primarily by improved financial performance (stronger earnings and free cash flow with very low leverage) and supportive technical momentum (price above key moving averages with positive MACD). Offsetting this is higher business sensitivity due to very thin margins and limited valuation insight because the provided P/E is not usable, with only a modest dividend yield.

Positive Factors

Balance sheet strength

Very low leverage and rising equity provide durable financial flexibility for a trading-heavy business. Conservative funding lowers refinancing and counterparty risk, supports larger working-capital swings, and gives management capacity to honor supply contracts and invest in logistics when markets require.

Negative Factors

Structurally thin margins

Margins under 1% leave virtually no buffer for adverse moves in procurement or transport costs. For a trading and supply business, small margin compression or minor increases in costs can quickly erase profits, making long-term earnings stability fragile absent scale or structural margin expansion.

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-Relate...

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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-Relate...

How the Company Makes Money

CAO makes money mainly through the sale and trading of jet fuel and other petroleum products. Its core revenue model is based on earning trading margins: it sources fuel from refineries and suppliers, sells to customers (including airlines and avi...

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CAO makes money mainly through the sale and trading of jet fuel and other petroleum products. Its core revenue model is based on earning trading margins: it sources fuel from refineries and suppliers, sells to customers (including airlines and avi...

China Aviation Oil (Singapore) Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.54B	16.69B	15.52B	14.43B	16.46B	17.64B
Gross Profit	48.07M	73.95M	41.87M	50.60M	35.39M	30.70M
EBITDA	31.98M	59.03M	95.48M	74.79M	47.78M	54.15M
Net Income	85.98M	112.24M	78.36M	58.86M	33.53M	40.35M
Balance Sheet
Total Assets	2.21B	2.27B	1.99B	1.79B	1.50B	1.54B
Cash, Cash Equivalents and Short-Term Investments	515.33M	686.64M	500.33M	373.04M	308.19M	400.84M
Total Debt	2.35M	5.33M	3.32M	6.29M	12.56M	14.35M
Total Liabilities	1.19B	1.19B	1.00B	835.17M	592.21M	634.29M
Stockholders Equity	1.02B	1.08B	986.27M	948.40M	902.98M	901.37M
Cash Flow
Free Cash Flow	159.48M	216.46M	120.44M	43.00M	-89.09M	112.70M
Operating Cash Flow	160.24M	216.71M	121.36M	54.56M	-88.77M	113.00M
Investing Cash Flow	46.60M	-357.45K	44.64M	26.25M	24.45M	44.19M
Financing Cash Flow	-44.98M	-26.81M	-38.34M	-16.57M	-26.67M	-25.38M

China Aviation Oil (Singapore) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.16
• 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 Positive. The current price of 2.16 is above the 20-day moving average (MA) of 2.08, above the 50-day MA of 1.93, and above the 200-day MA of 1.50, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 58.50 is Neutral, neither overbought nor oversold. The STOCH value of 61.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	73 Outperform	S$1.86B	―	8.73%	2.35%	3.60%	3.60%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
5AU	63 Neutral	S$23.03M	14.18	3.53%	3.62%	2.58%	63.16%
C9Q	55 Neutral	S$99.84M	16.86	6.68%	―	-17.82%	-75.83%

China Aviation Oil (Singapore) Corporate Events