Samudera Shipping Line Ltd (S56) AI Stock Analysis

• Market Cap: S$570.32M
• Dividend Yield: 7.98%
• Average Volume (3M): 710.12K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.74
• Revenue Growth: 16.82%
• EPS Growth: 62.71%
• Country: SG
• Employees: 156
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.08
• Shares Outstanding: 539,131,200
• 10 Day Avg. Volume: 894,050
• 30 Day Avg. Volume: 710,120
• PEG Ratio: 0.42
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 5.66
• 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: 66 Neutral
• Price Target: S$1.00 ▼(-13.79% Downside)
• Action: Downgraded Date: 03/03/26
• Date: Action: Downgraded 03/03/26

The score is driven primarily by solid but cyclical financial performance (normalized earnings and some higher leverage in 2025) balanced by strong valuation (low P/E and high dividend yield). Technical indicators are a near-term headwind, with the price below key short-term averages and weak momentum readings.

Positive Factors

Stronger equity base

Equity growth to ~623m and a larger asset base bolster financial resilience, improving the company's ability to absorb cyclical shocks, fund maintenance capex and working capital, and access financing. This strengthens long-term solvency and supports strategic choices over the next 2–6 months.

Free cash flow rebound

A sharp FCF recovery and higher operating cash flow in 2025 increase internal funding for dividends, fleet upkeep or debt reduction, reducing near-term reliance on external capital. Sustained positive FCF, even if variable, materially improves strategic flexibility and balance sheet repair options.

Focused intra-Asia container logistics model

A concentrated intra-Asia container and logistics offering creates repeat revenue from scheduled services and ancillary fees, fostering customer stickiness and route expertise. Structural demand for regional container connectivity supports steadier utilization and long-term contract/opportunity capture.

Negative Factors

Cyclical, volatile earnings

Marked normalization from the 2022 earnings peak and volatile revenue indicate the business is sensitive to freight rates and trade volumes. This cyclical profile undermines predictability of profits and cash, complicating capital allocation, dividend coverage and multi-quarter planning.

Higher debt level in 2025

Rising debt raises leverage and interest obligations at a time when earnings have normalized. Elevated indebtedness reduces financial flexibility, increases exposure to rate or charter-cost shifts, and increases the risk that a cyclical downturn could force asset sales or constrained investments.

Inconsistent cash conversion

Periods where operating cash flow lagged net income and wide year-to-year swings increase liquidity risk. Weak cash conversion can force reliance on short-term financing or charters, weakening margins and making financing of fleet or working capital more costly during adverse cycles.

Samudera Shipping Line Ltd Business Overview & Revenue Model

Company Description

Samudera Shipping Line Ltd engages in the transportation of containerized and non-containerized cargo to various ports in Southeast Asia, the Indian Sub-continent, the Far East, and the Middle East. It operates through three segments: Container Shipping, Bulk and Tanker, and Agencies & Logistics. The company provides feeder services between its hub port in Singapore and other spoke ports in Asia to main line operators; liner services to traders and freight forwarders; and inter-regional container shipping services to manufacturers, exporters, and importers. It also offers shipping services for oil, chemical, gas, and liquefied products, as well as dry bulk transportation, warehousing, freight forwarding, and cargo handling services. In addition, the company provides shipping agency services; and owns, operates, and charters vessels. It operates a fleet of 32 vessels, including 29 container vessels, 2 chemical tankers, and 1 gas tanker. The company was incorporated in 1993 and is headquartered in Singapore. Samudera Shipping Line Ltd is a subsidiary of PT Samudera Indonesia Tbk.

How the Company Makes Money

Samudera Shipping Line generates revenue primarily through the transportation of containerized cargo. The company charges freight rates based on the volume and type of cargo being transported, which can vary depending on route, demand, and shipping conditions. Key revenue streams include shipping services, logistics and supply chain management, and port operations. Additionally, the company may engage in long-term contracts and partnerships with major importers and exporters, which provide stable income through recurring business. Fluctuations in global trade, fuel prices, and shipping regulations also significantly influence its earnings.

Samudera Shipping Line Ltd Financial Statement Overview

Summary

Profitable but clearly cyclical: earnings have normalized well below the 2022 peak and revenue has been volatile. Balance sheet is generally healthy with a stronger equity base over time, but debt stepped up in 2025, adding risk if conditions weaken. Cash flow improved in 2025 with a sharp free-cash-flow rebound, though cash generation has been inconsistent year to year.

Income Statement

Profitability remains solid on an absolute basis (2025 revenue of ~615m and net income of ~78m), but the earnings profile has clearly normalized from the 2022 peak (net income fell from ~322m in 2022 to ~71–78m in 2024–2025). Revenue has been volatile—sharp decline in 2023, another decline in 2024, then a modest rebound in 2025 (+3.4%). Overall, the business is profitable but operating performance is more cyclical and less consistent than in prior years.

Balance Sheet

The balance sheet looks generally healthy with equity rising from ~195m (2020) to ~623m (2025) and assets growing to ~1.07b. Leverage is moderate: debt-to-equity was ~0.34–0.50 in 2020–2024, but total debt increased meaningfully in 2025 (~337m vs ~277m in 2024), which adds financial risk if the cycle weakens. Returns on equity have come down materially from the 2022 high, consistent with lower profitability.

Cash Flow

Cash generation is positive, with operating cash flow improving to ~150m in 2025 from ~100m in 2024 and free cash flow rebounding sharply to ~89m from ~26m in 2024. However, cash flow has been highly variable (very strong in 2022–2023, weak in 2024), and in 2024 operating cash flow was below net income, pointing to less favorable cash conversion that year. Overall cash flow is supportive, but volatility is a key watch item.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	594.54M	615.04M	532.01M	582.93M	990.59M	526.97M
Gross Profit	126.53M	105.35M	102.27M	108.94M	355.69M	146.95M
EBITDA	116.51M	160.21M	145.61M	215.45M	440.11M	166.74M
Net Income	91.79M	77.89M	70.85M	101.23M	322.04M	128.58M
Balance Sheet
Total Assets	976.77M	1.07B	958.40M	910.19M	888.34M	571.48M
Cash, Cash Equivalents and Short-Term Investments	382.60M	350.00M	374.53M	358.71M	380.86M	187.19M
Total Debt	279.94M	337.28M	276.76M	251.39M	188.13M	158.19M
Total Liabilities	366.49M	434.02M	361.30M	342.73M	315.39M	249.03M
Stockholders Equity	595.97M	623.34M	582.73M	552.55M	559.90M	318.54M
Cash Flow
Free Cash Flow	87.26M	88.73M	26.29M	124.01M	388.79M	123.20M
Operating Cash Flow	136.65M	150.45M	100.17M	228.39M	434.17M	126.30M
Investing Cash Flow	-43.62M	-66.74M	-56.72M	-91.24M	-64.92M	23.58M
Financing Cash Flow	-22.81M	-107.78M	-27.20M	-160.41M	-173.41M	-40.99M

Samudera Shipping Line Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.16
• 50DMA: Negative
• 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:S56, the sentiment is Positive. The current price of 1.16 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.12, and above the 200-day MA of 0.98, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.19 is Neutral, neither overbought nor oversold. The STOCH value of 24.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:S56.

Samudera Shipping Line Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S19	73 Outperform	S$124.97M	7.16	10.22%	3.33%	-0.41%	5.10%
RXS	71 Outperform	S$136.80M	8.62	―	0.49%	―	―
S56	66 Neutral	S$570.32M	5.85	16.35%	7.98%	16.82%	62.71%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5UL	63 Neutral	S$68.58M	8.34	5.32%	348.53%	-86.29%	20.88%
F83	60 Neutral	S$532.94M	49.58	1.18%	―	6.34%	160.00%

Samudera Shipping Line Ltd Corporate Events

Samudera Shipping Boosts Capital in Japan Unit to Back Joint Ventures

Samudera Shipping Line Ltd has injected JPY230 million into its wholly owned Japanese subsidiary, Samudera Japan K.K., via a subscription for 115,000 new ordinary shares funded entirely from internal resources. Following this move, Samudera Japan K.K.’s stated capital rises sharply from JPY1 million to JPY116 million, while the parent’s ownership remains at 100 percent.

The capital increase is designed to strengthen Samudera Japan K.K.’s balance sheet and support the group’s participation in joint venture initiatives in Japan, signaling a deeper strategic commitment to that market. The company does not expect the transaction to have a material impact on its net tangible assets or earnings per share for the financial year ending 31 December 2026, suggesting the move is more about long-term positioning than near-term financial gain.

The most recent analyst rating on (SG:S56) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Samudera Shipping Line Ltd stock, see the SG:S56 Stock Forecast page.

Samudera Shipping Strengthens Dubai Property Unit With AED3.99 Million Debt-to-Equity Swap

Samudera Shipping Line Ltd has strengthened the capital base of its wholly owned subsidiary Samudera Property Limited by converting AED3.99 million (approximately US$1.10 million) of an intercompany loan into equity through a subscription for 39,990 new ordinary shares. This move, which raises SPL’s paid-up capital from AED10,000 to AED4,000,000 without changing Samudera’s 100% ownership, is aimed at improving SPL’s gearing and financial position but is not expected to have a material effect on the group’s earnings or net tangible assets for the financial year ended 31 December 2025, and involves no special interests from directors or major shareholders beyond their existing stakes.

The most recent analyst rating on (SG:S56) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Samudera Shipping Line Ltd stock, see the SG:S56 Stock Forecast page.

Samudera and Imoto Lines Launch Joint Venture for Japanese Shipping Market

Samudera Shipping Line Ltd and Imoto Corporation have formed a joint venture named Blue Ocean Shipping Co., Ltd, aimed at enhancing shipping activities in Japan. With Samudera holding a 51% stake, the venture will initially acquire two container vessels from Imoto Lines Group and plans to expand its fleet to capitalize on opportunities in Japan’s coastal and regional shipping services, commencing operations in the first half of 2026.

The most recent analyst rating on (SG:S56) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on Samudera Shipping Line Ltd stock, see the SG:S56 Stock Forecast page.