Pacific Radiance Ltd. (RXS) AI Stock Analysis

• Market Cap: S$119.34M
• Dividend Yield: 0.49%
• Average Volume (3M): 3.73M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): <0.01
• Shares Outstanding: 1,456,362,900
• 10 Day Avg. Volume: 5,127,589
• 30 Day Avg. Volume: 3,732,763
• PEG Ratio: -0.05
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 1.09
• P/FCF Ratio: -10.71
• 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): 0.01
• Revenue Forecast (FY): S$53.47M

• Rating: 71 Outperform
• Price Target: S$0.11 ▲(25.56% Upside)
• Action: Reiterated Date: 12/31/25
• Date: Action: Reiterated 12/31/25

The score is driven most by attractive valuation (low P/E and very high dividend yield). Financial performance is solid due to strong profitability and improved leverage, but it is held back by negative free cash flow. Technicals are supportive with price above key averages and positive MACD, though RSI near overbought limits the technical score.

Positive Factors

Revenue Growth

39.6% revenue growth in the latest year reflects accelerating demand for offshore support services and successful contract wins. Sustained top-line expansion improves fleet utilization, strengthens scale economics, and provides a durable base to fund reinvestment and long-term service capabilities.

High Profitability

Very high net, EBIT and EBITDA margins indicate strong pricing power, efficient operations, and low operating leverage in core marine services. Structurally robust margins create a buffer against industry cycles, support reinvestment, and help sustain returns to stakeholders over multiple quarters.

Improved Leverage & ROE

A debt-to-equity of 0.09 signals materially reduced leverage while ROE at 32.33% shows efficient use of equity. Low leverage increases financial flexibility to pursue contracts or absorb shocks, and high ROE supports durable shareholder returns and capacity for strategic investments without stressed financing.

Negative Factors

Negative Free Cash Flow

Negative free cash flow and falling FCF growth indicate the business is not converting profits into excess cash. Over a multi‑month horizon this constrains internal funding for capex, contracts or dividends, increasing reliance on external financing and elevating liquidity risk despite high reported margins.

Weak Cash Conversion

Operating cash flow covering only 59% of net income suggests sizable non-cash gains or timing differences in earnings. Persistent weak cash conversion undermines the practical value of reported profitability, limiting free cash available for debt reduction, maintenance capex and sustainable investment.

Declining Gross Margin

A falling gross profit margin signals rising direct costs or pricing pressure in core services. If sustained, this trend can erode the high downstream margins and compress long-term profitability, making future returns dependent on cost control, pricing power or higher utilization to restore margins.

Pacific Radiance Ltd. Business Overview & Revenue Model

Company Description

Pacific Radiance Ltd. (RXS) is a leading provider of integrated marine and offshore support services, specializing in the oil and gas industry. The company operates a fleet of vessels that offer a range of services including offshore support, subsea services, and marine logistics. With a strong focus on safety and efficiency, Pacific Radiance serves clients across various sectors, ensuring reliable and innovative solutions tailored to the demands of the energy market.

How the Company Makes Money

Pacific Radiance Ltd. generates revenue primarily through the provision of marine support services to the offshore oil and gas industry. The company's revenue model is multifaceted, with key revenue streams including chartering of specialized vessels, providing subsea services, and offering logistical support for offshore operations. Additionally, Pacific Radiance engages in long-term contracts with major oil and gas companies, ensuring a steady income flow. Partnerships with industry leaders and participation in joint ventures further enhance their service offerings and market reach, contributing significantly to their earnings. The company also explores opportunities in emerging markets and diversifies its service portfolio to adapt to changing industry demands.

Pacific Radiance Ltd. Financial Statement Overview

Summary

Income statement strength (revenue growth 39.6%, high net/EBIT/EBITDA margins) is tempered by weaker cash flow quality (negative free cash flow and negative FCF growth) and a noted decline in gross margin.

Income Statement

Pacific Radiance Ltd. has shown a strong revenue growth rate of 39.6% in the latest year, with a solid net profit margin of 58.97%. The EBIT and EBITDA margins are also robust at 56.05% and 66.78%, respectively, indicating efficient operations. However, the gross profit margin has decreased compared to previous years, suggesting potential cost management issues.

Balance Sheet

The company has significantly improved its debt-to-equity ratio to 0.09, indicating reduced leverage and improved financial stability. The return on equity is strong at 32.33%, reflecting effective use of equity to generate profits. However, the equity ratio is not provided, limiting a full assessment of asset financing.

Cash Flow

The operating cash flow to net income ratio is moderate at 0.59, showing decent cash generation relative to net income. However, the free cash flow is negative, and the free cash flow to net income ratio is -0.29, indicating challenges in generating free cash flow. The free cash flow growth rate is also negative, pointing to potential liquidity issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	43.84M	31.41M	29.88M	9.85M
Gross Profit	14.31M	12.54M	13.81M	145.00K
EBITDA	29.28M	19.70M	341.57M	16.26M
Net Income	25.85M	14.52M	331.19M	-44.16M
Balance Sheet
Total Assets	115.76M	108.13M	110.54M	292.38M
Cash, Cash Equivalents and Short-Term Investments	17.83M	26.72M	25.62M	21.60M
Total Debt	7.01M	38.28M	38.01M	469.01M
Total Liabilities	35.96M	70.42M	86.81M	637.45M
Stockholders Equity	79.96M	37.87M	23.83M	-333.26M
Cash Flow
Free Cash Flow	-4.47M	4.09M	489.00K	3.70M
Operating Cash Flow	15.56M	8.92M	1.89M	5.60M
Investing Cash Flow	-19.87M	-4.83M	2.40M	-951.00K
Financing Cash Flow	-2.32M	-3.15M	-2.31M	-703.00K

Pacific Radiance Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:RXS, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.63 is Positive, neither overbought nor oversold. The STOCH value of 13.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:RXS.

Pacific Radiance Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RXS	71 Outperform	S$119.34M	―	43.88%	0.49%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5UL	63 Neutral	S$58.63M	6.43	23.71%	348.53%	-86.29%	20.88%
BEZ	63 Neutral	S$88.73M	6.30	26.43%	2.11%	-4.17%	-54.26%
A04	61 Neutral	S$324.15M	―	12.80%	0.78%	―	―
1V3	57 Neutral	S$30.56M	10.63	11.84%	―	30.68%	―

Pacific Radiance Ltd. Corporate Events

Leadership Transition at Pacific Radiance Ltd.

Pacific Radiance Ltd. has announced the resignation of its Chief Strategy and Business Development Officer, Mr. Pang Wei Kuan, James, effective from November 10, 2025. The company acknowledges his significant contributions, particularly in fostering new business opportunities. The responsibilities of the role will be assumed by the Chief Commercial Officer, Mr. Pang Wei Meng, to ensure continuity in strategic and business development initiatives. The Board remains confident that these changes will support the company’s strategic objectives and facilitate continued growth, with a smooth transition to maintain business momentum.