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Nam Cheong Limited
(SGX:1MZ)
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Rating:69Neutral
Price Target:
S$0.88
▼(-11.90% Downside)
Action:Reiterated
Date:08/17/26
The score is driven mainly by strong reported profitability and improved balance-sheet health, supported by an inexpensive P/E valuation. These positives are tempered by weak cash-flow conversion/volatility in historical cash generation and a weaker technical setup (below key moving averages with negative MACD), which reduces near-term confidence.
Positive Factors
Revenue and profitability
Revenue has resumed growth while the company is reporting strong gross, net, and operating profitability. This combination indicates renewed operating momentum and provides a stronger base for earnings over the next several quarters, although continued consistency remains important.
Negative Factors
Weak cash conversion
Profit is not translating fully into cash, with operating cash flow materially below reported earnings and free cash flow representing only a modest share of net income. Persistent weak conversion could constrain internally funded investment and make reported earnings less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability
Revenue has resumed growth while the company is reporting strong gross, net, and operating profitability. This combination indicates renewed operating momentum and provides a stronger base for earnings over the next several quarters, although continued consistency remains important.
Read all positive factors
Nam Cheong Limited (1MZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$318.49M
Dividend YieldN/A
Average Volume (3M)662.73K
Price to Earnings (P/E)2.9
Beta (1Y)1.46
Revenue Growth10.82%
EPS Growth60.12%
CountrySG
Employees45
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.88
Shares Outstanding402,322,050
10 Day Avg. Volume571,690
30 Day Avg. Volume662,733
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.42
Price to Sales (P/S)1.97
P/FCF Ratio21.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.90Price Target Upside90.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.43
Revenue Forecast (FY)S$771.50M
Nam Cheong Limited Business Overview & Revenue Model
Company Description
Established in 1968 and headquartered in Singapore, Nam Cheong Limited operates as an investment holding company primarily focused on marine vessel construction and leasing. Its shipbuilding division manufactures a diverse array of specialized cra...
Nam Cheong Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 689.98M | 596.57M | 684.71M | 475.27M | 365.72M | 286.16M |
| Gross Profit | 295.42M | 288.11M | 363.29M | 168.60M | 100.69M | 63.71M |
| EBITDA | 403.73M | 319.86M | 901.92M | 257.85M | 138.58M | 152.81M |
| Net Income | 351.03M | 259.13M | 785.24M | 174.98M | 59.32M | 86.76M |
Balance Sheet | ||||||
| Total Assets | 1.53B | 1.45B | 1.28B | 919.54M | 697.08M | 606.27M |
| Cash, Cash Equivalents and Short-Term Investments | 234.99M | 202.54M | 121.86M | 53.38M | 62.87M | 26.70M |
| Total Debt | 341.44M | 426.93M | 458.37M | 299.58M | 301.64M | 321.05M |
| Total Liabilities | 516.05M | 607.03M | 704.31M | 1.40B | 1.32B | 1.27B |
| Stockholders Equity | 993.23M | 825.74M | 560.78M | -488.81M | -625.31M | -661.26M |
Cash Flow | ||||||
| Free Cash Flow | 17.94M | 54.76M | 92.83M | -53.47M | -29.30M | 36.00M |
| Operating Cash Flow | 80.46M | 135.45M | 191.06M | 24.79M | 64.24M | 59.17M |
| Investing Cash Flow | 178.44M | -22.14K | -103.93M | -19.76M | -15.12M | -118.18M |
| Financing Cash Flow | -105.18M | -73.86M | -20.84M | -8.47M | -17.71M | -6.19M |
Nam Cheong Limited Technical Analysis
Negative
1.00
Price Trends
0.95
Negative
1.04
Negative
1.20
Negative
Market Momentum
-0.05
Negative
30.92
Neutral
37.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:1MZ, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.95, and below the 200-day MA of 1.20, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 30.92 is Neutral, neither overbought nor oversold. The STOCH value of 37.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:1MZ.
Nam Cheong Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$426.18M | 6.75 | 23.60% | 1.38% | 25.71% | 175.44% | |
69 Neutral | S$318.49M | 2.90 | 41.27% | ― | 10.82% | 60.12% | |
66 Neutral | S$252.11M | 7.57 | 23.66% | 0.53% | 3.03% | 118.92% | |
66 Neutral | S$71.51M | 3.49 | 17.75% | 3.57% | ― | ― | |
64 Neutral | S$139.92M | 6.81 | 6.94% | 1.68% | -21.24% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | S$17.68B | 54.54 | 3.29% | 3.57% | 10.65% | -44.54% |
* Industrials Sector Average
SG:1MZ
Nam Cheong Limited
0.81
0.09
11.81%
SG:5LY
Marco Polo Marine Ltd.
0.11
<0.01
5.83%
SG:A04
ASL Marine Holdings Ltd.
0.25
0.02
7.93%
SG:BN4
Keppel Corporation Limited
10.09
0.31
3.13%
SG:DU4
Mermaid Maritime Public Co., Ltd.
0.07
-0.05
-39.84%
SG:RXS
Pacific Radiance Ltd.
0.05
-0.05
-48.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.