Pacific Radiance Ltd. (RXS) AI Stock Analysis

• Market Cap: S$152.81M
• Dividend Yield: 0.49%
• Average Volume (3M): 3.73M
• Price to Earnings (P/E): 4.2
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 1,456,335,400
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: S$0.12 ▲(28.89% Upside)

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

Strong revenue growth

A 39.6% revenue jump signals durable demand expansion and contract wins in offshore services. Sustained top-line growth supports scale benefits, improves unit economics and funds reinvestment into fleet and services, strengthening competitive position over the medium term.

High operating and profitability margins

Exceptionally high EBIT/EBITDA and net margins indicate structural operating efficiency and pricing power in niche marine/offshore services. Such margins provide buffer against cyclical revenue swings and enable internal funding for maintenance, dividends or selective growth over coming quarters.

Low leverage and strong ROE

A very low debt-to-equity ratio combined with 32% ROE implies prudent capital structure and effective use of equity to generate returns. This reduces refinancing risk and preserves strategic optionality for fleet investment or contract-backed expansion over the medium term.

Negative Factors

Negative free cash flow

Negative free cash flow despite strong reported earnings weakens financial flexibility: it restricts the company’s ability to self-fund capex, service unexpected costs or sustain distributions without external financing, creating a persistent liquidity vulnerability.

Decline in gross profit margin

A falling gross margin signals rising direct costs or pricing pressure at the service level. If persistent, this erodes the foundation of high operating margins and could require structural changes—cost control, pricing renegotiation or mix shifts—to preserve long-term profitability.

Weak cash conversion quality

OCF-to-net-income of 0.59 and negative FCF growth imply reported profits are not fully converting to cash. This raises concerns about earnings quality and the sustainability of investments or payouts, increasing the chance of reliance on external funding or asset sales.

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 2024	Dec 2023	Dec 2023	Dec 2022
Income Statement
Total Revenue	―	43.84M	―	31.41M	―
Gross Profit	―	14.31M	―	12.54M	―
EBITDA	―	29.28M	―	19.70M	―
Net Income	―	25.85M	―	14.52M	―
Balance Sheet
Total Assets	―	115.76M	―	108.13M	―
Cash, Cash Equivalents and Short-Term Investments	―	17.83M	―	26.72M	―
Total Debt	―	7.01M	―	38.28M	―
Total Liabilities	―	35.96M	―	70.42M	―
Stockholders Equity	―	79.96M	―	37.87M	―
Cash Flow
Free Cash Flow	―	-4.47M	―	4.09M	―
Operating Cash Flow	―	15.56M	―	8.92M	―
Investing Cash Flow	―	-19.87M	―	-4.83M	―
Financing Cash Flow	―	-2.32M	―	-3.15M	―

Pacific Radiance Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.69 is Neutral, neither overbought nor oversold. The STOCH value of -12.82 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
5UL	74 Outperform	S$70.67M	1.49	5.32%	348.53%	-86.29%	20.88%
RXS	71 Outperform	S$152.81M	4.15	―	0.49%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BEZ	63 Neutral	S$59.56M	9.66	28.37%	2.11%	-4.17%	-54.26%
A04	61 Neutral	S$319.00M	20.95	―	0.78%	―	―
1V3	48 Neutral	S$34.71M	13.81	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.