Singapore Shipping Corporation Limited (S19) AI Stock Analysis

• Market Cap: S$120.94M
• Dividend Yield: 3.33%
• Average Volume (3M): 130.77K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.62
• Revenue Growth: -0.41%
• EPS Growth: 5.10%
• Country: SG
• Employees: 110
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.03
• Shares Outstanding: 410,627,170
• 10 Day Avg. Volume: 126,290
• 30 Day Avg. Volume: 130,773
• PEG Ratio: 0.33
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 4.55
• 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: 73 Outperform
• Price Target: S$0.50 ▲(66.67% Upside)

The overall stock score of 72.5 reflects a combination of strong valuation and positive technical indicators, despite challenges in financial performance due to declining revenue and negative free cash flow growth. The stock's low P/E ratio and solid dividend yield enhance its attractiveness, while technical analysis suggests a bullish trend. However, strategic adjustments may be necessary to address revenue growth concerns.

Positive Factors

Balance Sheet Health

A low debt-to-equity ratio indicates prudent financial management and low leverage, providing financial stability and flexibility for future investments.

Cash Generation Ability

Efficient cash conversion supports operational needs and potential growth initiatives, ensuring the company can sustain operations and invest in opportunities.

Board Restructuring

Enhancing governance structure with experienced leadership can improve strategic oversight and operational efficiency, boosting stakeholder confidence.

Negative Factors

Revenue Decline

A significant revenue decline poses challenges to growth and sustainability, requiring strategic adjustments to reverse the trend and maintain market position.

Negative Free Cash Flow Growth

Negative free cash flow growth can limit the company's ability to reinvest in its business, affecting long-term growth and operational flexibility.

Revenue Growth Concerns

Ongoing revenue growth concerns highlight the need for strategic initiatives to drive sales and market expansion, crucial for sustaining long-term profitability.

Singapore Shipping Corporation Limited Business Overview & Revenue Model

Company Description

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. It operates through two segments, Ship Owning, and Agency and Logistics. The company operates a fleet of five vessels; and provides ship management services, such as technical management, procurement, ISO1/ISM1 certification and audits, and crew procurement and management, as well as ship inspection and new construction consultancy. It also provides shipping agency and terminal operation services, including vessel, marketing, and documentation support, as well as vessel husbandry, stevedoring, and cargo management; and specialized services, such as supervision of loading/discharging operations by port captains, vessel pre-planning for stowage, and coordinating with masters and agents for vessel turn-around and dispatch. In addition, it offers logistics and warehousing services, such as international sea/airfreight forwarding, door-to-door delivery, vessel/aircraft chartering, customs clearance and documentation, certificate of origin arrangement, carnet and cross trade shipment, and project management services; spare parts packing and re-packing, and container stuffing; and distribution, warehousing, and storage services. Singapore Shipping Corporation Limited was founded in 1935 and is based in Singapore.

How the Company Makes Money

Singapore Shipping Corporation Limited generates revenue through multiple key streams, primarily from the operation and chartering of its fleet of vessels. The company earns income by providing shipping services to various industries, including oil and gas, chemicals, and dry bulk commodities. Additionally, it may engage in time and voyage charters, which provide flexibility in revenue generation based on market conditions. Significant partnerships with oil companies and trading firms enhance its customer base and contribute to its earnings. The company may also benefit from long-term contracts that provide stable cash flows, alongside spot market operations that capitalize on fluctuating shipping rates.

Singapore Shipping Corporation Limited Financial Statement Overview

Summary

Singapore Shipping Corporation Limited demonstrates strong profitability and a solid balance sheet with low leverage. However, declining revenue and negative free cash flow growth present challenges. The company maintains operational efficiency and strong cash conversion, but future growth may require strategic adjustments to reverse the revenue decline.

Income Statement

The company shows strong profitability with a consistent net profit margin above 20% over the years. However, revenue has been declining, with a significant drop of 24.77% in the latest year, indicating challenges in revenue growth. Despite this, the company maintains healthy EBIT and EBITDA margins, reflecting operational efficiency.

Balance Sheet

The balance sheet is stable with a low debt-to-equity ratio of 0.19, indicating prudent financial management and low leverage. Return on equity is moderate at 8.70%, suggesting decent profitability relative to shareholder equity. The equity ratio is strong, indicating a solid capital structure.

Cash Flow

Cash flow generation is robust, with a high operating cash flow to net income ratio of 1.79, indicating efficient cash conversion. However, free cash flow growth has been negative, reflecting potential challenges in maintaining cash flow levels. The free cash flow to net income ratio remains healthy, suggesting good cash profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	64.91M	48.55M	45.49M	47.37M	45.81M	56.72M
Gross Profit	25.79M	11.10M	9.59M	11.60M	11.24M	26.65M
EBITDA	21.07M	20.49M	18.37M	21.05M	19.25M	23.22M
Net Income	15.16M	11.38M	9.14M	11.51M	9.83M	13.82M
Balance Sheet
Total Assets	192.90M	192.90M	189.10M	187.28M	178.84M	235.92M
Cash, Cash Equivalents and Short-Term Investments	80.01M	80.01M	68.55M	61.31M	50.15M	55.26M
Total Debt	24.80M	24.80M	29.29M	34.91M	39.83M	65.46M
Total Liabilities	62.07M	62.07M	65.78M	69.47M	72.94M	105.97M
Stockholders Equity	130.83M	130.83M	123.32M	117.81M	105.90M	129.95M
Cash Flow
Free Cash Flow	27.18M	17.70M	15.20M	18.05M	20.17M	28.71M
Operating Cash Flow	27.36M	20.49M	17.34M	20.03M	21.14M	29.15M
Investing Cash Flow	54.34M	40.25M	-21.23M	140.00K	-3.85M	-1.14M
Financing Cash Flow	-12.94M	-9.71M	-10.11M	-7.99M	-11.38M	-17.22M

Singapore Shipping Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:S19, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.30, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.13 is Neutral, neither overbought nor oversold. The STOCH value of 80.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:S19.

Singapore Shipping Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S19	73 Outperform	S$120.94M	6.93	10.22%	3.33%	-0.41%	5.10%
S56	72 Outperform	S$618.74M	5.09	16.35%	7.98%	16.82%	62.71%
RXS	71 Outperform	S$168.81M	4.58	―	0.49%	―	―
5LY	65 Neutral	S$585.90M	10.00	27.61%	0.60%	-0.58%	23.33%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
A04	61 Neutral	S$272.69M	17.91	―	0.78%	―	―