(BS6) YANGZIJIANG SHIPBLDG HLDGS - SG
Sector: Industrials | Industry: Aerospace & Defense | Exchange: SG (Singapore) | Market Cap: 14.168m SGD | Total Return: 66.4% in 12m
Avg Turnover: 69.2M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Yangzijiang Shipbuilding (Holdings) Ltd. is a China-based investment holding company specializing in the construction and repair of commercial vessels. The firm operates across three primary segments: Shipbuilding, Shipping, and Others, serving a global client base that includes major markets in Europe, North America, and Asia. Its portfolio encompasses a wide range of maritime assets, including containerships, bulk carriers, oil tankers, and liquefied natural gas (LNG) vessels.
The company operates within the cyclical shipbuilding industry, where demand is heavily influenced by global trade volumes and the replacement cycle of aging fleets. As a major private shipbuilder in China, Yangzijiang benefits from integrated facilities that allow for the production of large-scale steel structures and specialized ship design services. Further data on the companys valuation and historical performance can be explored on ValueRay.
Beyond its core construction activities, the firm maintains a diversified business model through ship ownership, tank terminal operations, and property development. Founded in 1956, the company has transitioned from a local shipyard into a large-cap industrial entity with a significant presence in the international maritime logistics supply chain.
- Order backlog reaches record highs driven by green vessel demand
- Expanding LNG carrier capacity improves high-margin segment revenue mix
- Steel price fluctuations and labor costs impact gross shipbuilding margins
- Global trade volume and container freight rates dictate newbuild orders
| Net Income: 8.64b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -17.51 > 1.0 |
| NWC/Revenue: 65.73% < 20% (prev 65.03%; Δ 0.69% < -1%) |
| CFO/TA 0.08 > 3% & CFO 4.46b > Net Income 8.64b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.94b) vs 12m ago -0.38% < -2% |
| Gross Margin: 34.24% > 18% (prev 28.66%; Δ 5.58% > 0.5%) |
| Asset Turnover: 50.50% > 50% (prev 48.65%; Δ 1.85% > 0%) |
| Interest Coverage Ratio: 31.41 > 6 (EBIT TTM 3.62b / Interest Expense TTM 115.4m) |
| A: 0.32 (Total Current Assets 43.3b - Total Current Liabilities 24.5b) / Total Assets 58.3b |
| B: 0.40 (Retained Earnings 23.3b / Total Assets 58.3b) |
| C: 0.06 (EBIT TTM 3.62b / Avg Total Assets 56.4b) |
| D: 1.23 (Book Value of Equity 32.1b / Total Liabilities 26.1b) |
| Altman-Z'' = 5.14 = AAA |
| DSRI: 1.77 (Receivables 470.6m/247.8m, Revenue 28.5b/26.5b) |
| GMI: 0.84 (GM 28.66% / 34.24%) |
| AQI: 1.18 (AQ_t 0.13 / AQ_t-1 0.11) |
| SGI: 1.07 (Revenue 28.5b / 26.5b) |
| TATA: 0.07 (NI 8.64b - CFO 4.46b) / TA 58.3b) |
| Beneish M = -2.37 (Cap -4..+1) = BBB |
As of June 19, 2026, the stock is trading at SGD 3.65 with a total of 9,260,800 shares traded.
Over the past week, the price has changed by +8.31%,
over one month by -6.89%,
over three months by -3.35% and
over the past year by +66.40%.
YANGZIJIANG SHIPBLDG HLDGS has no consensus analysts rating.
Market Cap CNY = 74.7b (14.2b SGD * 5.2694 SGD.CNY)
P/E Trailing = 8.5714
P/E Forward = 7.5131
P/S = 0.4763
P/B = 2.2209
P/EG = 0.7824
Revenue TTM = 28.5b CNY
EBIT TTM = 3.62b CNY
EBITDA TTM = 4.15b CNY
Long Term Debt = 625.0m CNY (from longTermDebt, two quarters ago)
Short Term Debt = 5.52b CNY (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 54.6b CNY (74.7b + (null Debt) - CCE 20.1b)
Interest Coverage Ratio = 31.41 (Ebit TTM 3.62b / Interest Expense TTM 115.4m)
EV/FCF = 21.77x (Enterprise Value 54.6b / FCF TTM 2.51b)
FCF Yield = 4.59% (FCF TTM 2.51b / Enterprise Value 54.6b)
FCF Margin = 8.80% (FCF TTM 2.51b / Revenue TTM 28.5b)
Net Margin = 30.30% (Net Income TTM 8.64b / Revenue TTM 28.5b)
Gross Margin = 34.24% ((Revenue TTM 28.5b - Cost of Revenue TTM 18.7b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.94 (Enterprise Value 54.6b / Total Assets 58.3b)
Interest Expense / Debt = unknown (Interest Expense 115.4m / Debt none)
Taxrate = 19.15% (2.04b / 10.7b)
NOPAT = 2.93b (EBIT 3.62b * (1 - 19.15%))
Current Ratio = 1.76 (Total Current Assets 43.3b / Total Current Liabilities 24.5b)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 4.15b)
Debt / FCF = unknown (Net Debt none / FCF TTM 2.51b)
Total Stockholder Equity = 27.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.30% (Net Income 8.64b / Total Assets 58.3b)
RoE = 31.76% (Net Income TTM 8.64b / Total Stockholder Equity 27.2b)
RoCE = 13.03% (EBIT 3.62b / Capital Employed (Equity 27.2b + L.T.Debt 625.0m))
RoIC = 9.05% (NOPAT 2.93b / Invested Capital 32.4b)
WACC = 9.57% (E(74.7b)/V(74.7b) * Re(9.57%) + (debt-free company))
Discount Rate = 9.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 9.43 | Cagr: 0.36%
[DCF] Terminal Value 68.67% ; FCFF base≈6.26b ; Y1≈5.49b ; Y5≈4.44b
[DCF] Fair Price = 15.08 (EV 59.3b - Net Debt 0.0 = Equity 59.3b / Shares 3.94b; r=9.57% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.64 | Revenue CAGR: 8.73% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=2.42 | Chg30d=-1.13% | Revisions=-33% | GrowthEPS=+10.6% | GrowthRev=+13.9%
EPS next Year (2027-12-31): EPS=2.73 | Chg30d=+2.14% | Revisions=+20% | GrowthEPS=+12.7% | GrowthRev=+16.7%
[Analyst] Revisions Ratio: -33%