Want to see SG:BS6 full AI Analyst Report?
Top Page
Yangzijiang Shipbuilding (Holdings)
(SGX:BS6)
Select Model
Select Model
Rating:80Outperform
Price Target:
S$6.00
▲(24.74% Upside)
Action:Reiterated
Date:09/09/26
Overall score is driven primarily by strong financial performance (surging margins, healthy ROE, and conservative leverage), partially offset by volatile cash-flow conversion in 2025. Technicals are supportive with a clear uptrend and positive MACD, though near-overbought readings add short-term risk. Valuation is supportive with a moderate P/E and ~3.9% dividend yield.
Positive Factors
Expanding margins and profitability
The substantial expansion in net and EBIT margins indicates stronger profitability from the company’s operations. If maintained, this improvement can support internally funded growth, strengthen resilience against cost pressure, and provide greater flexibility for investment and shareholder returns over the next several quarters.
Negative Factors
Sharp 2025 free-cash-flow decline
The steep decline in free cash flow shows that reported earnings are not converting consistently into available cash. Persistent weakness in cash generation could constrain reinvestment, dividends, or debt reduction, and makes the quality and timing of earnings more dependent on project execution and working-capital movements.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding margins and profitability
The substantial expansion in net and EBIT margins indicates stronger profitability from the company’s operations. If maintained, this improvement can support internally funded growth, strengthen resilience against cost pressure, and provide greater flexibility for investment and shareholder returns over the next several quarters.
Read all positive factors
Yangzijiang Shipbuilding (Holdings) (BS6) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$19.71B
Dividend Yield3.98%
Average Volume (3M)13.85M
Price to Earnings (P/E)10.7
Beta (1Y)1.22
Revenue Growth25.85%
EPS Growth27.26%
CountrySG
Employees29,209
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.45
Shares Outstanding3,974,076,700
10 Day Avg. Volume15,148,130
30 Day Avg. Volume13,854,676
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.32
Price to Sales (P/S)2.65
P/FCF Ratio28.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$6.35Price Target Upside32.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.78
Revenue Forecast (FY)S$36.09B
Yangzijiang Shipbuilding (Holdings) Business Overview & Revenue Model
Company Description
Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, engages in shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, France, Bulgaria, United Kingdom, Singapore, Denmark, Switzerland, and internationally....
How the Company Makes Money
Yangzijiang Shipbuilding primarily makes money by contracting with shipowners to design and construct new vessels and then delivering those vessels under shipbuilding contracts. Revenue is typically recognized based on contract terms and construct...
Yangzijiang Shipbuilding (Holdings) Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.47B | 28.17B | 26.54B | 24.11B | 20.71B | 15.14B |
| Gross Profit | 11.42B | 9.65B | 7.61B | 5.41B | 3.20B | 2.08B |
| EBITDA | 11.01B | 9.35B | 8.76B | 5.34B | 3.87B | 3.23B |
| Net Income | 9.62B | 8.54B | 6.63B | 4.10B | 2.81B | 3.70B |
Balance Sheet | ||||||
| Total Assets | 56.04B | 58.37B | 54.56B | 40.86B | 32.97B | 51.61B |
| Cash, Cash Equivalents and Short-Term Investments | 16.63B | 26.17B | 28.14B | 16.58B | 12.47B | 28.58B |
| Total Debt | 4.11B | 5.50B | 6.80B | 5.59B | 4.57B | 4.46B |
| Total Liabilities | 22.80B | 26.09B | 28.18B | 19.72B | 15.26B | 15.55B |
| Stockholders Equity | 33.14B | 32.16B | 26.28B | 20.94B | 17.57B | 35.92B |
Cash Flow | ||||||
| Free Cash Flow | 3.07B | 2.63B | 11.90B | 7.14B | 3.73B | 5.47B |
| Operating Cash Flow | 5.40B | 4.56B | 12.96B | 7.97B | 4.63B | 6.14B |
| Investing Cash Flow | -6.89B | -2.53B | -1.17B | -2.29B | -1.14B | 315.39M |
| Financing Cash Flow | -5.96B | -4.00B | -233.29M | 99.08M | -5.08B | -728.21M |
Yangzijiang Shipbuilding (Holdings) Technical Analysis
Neutral
4.81
Price Trends
4.98
Positive
4.34
Positive
4.02
Positive
Market Momentum
0.03
Positive
49.30
Neutral
43.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BS6, the sentiment is Neutral. The current price of 4.81 is below the 20-day moving average (MA) of 5.09, below the 50-day MA of 4.98, and above the 200-day MA of 4.02, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 49.30 is Neutral, neither overbought nor oversold. The STOCH value of 43.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BS6.
Yangzijiang Shipbuilding (Holdings) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | S$19.71B | 10.73 | 29.45% | 3.98% | 25.85% | 27.26% | |
71 Outperform | S$434.00M | 6.87 | 23.60% | 1.35% | 25.71% | 175.44% | |
69 Neutral | S$330.36M | 3.03 | 41.27% | ― | 10.82% | 60.12% | |
66 Neutral | S$252.11M | 7.57 | 23.66% | 0.53% | 3.03% | 118.92% | |
65 Neutral | S$6.20B | 11.31 | 7.75% | 1.64% | 10.77% | 108.44% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | S$17.78B | 54.86 | 3.29% | 3.55% | 10.65% | -44.54% |
* Industrials Sector Average
SG:BS6
Yangzijiang Shipbuilding (Holdings)
4.96
1.78
55.73%
SG:5E2
Seatrium Limited
1.78
-0.34
-16.12%
SG:5LY
Marco Polo Marine Ltd.
0.11
0.02
17.39%
SG:A04
ASL Marine Holdings Ltd.
0.24
0.04
21.83%
SG:BN4
Keppel Corporation Limited
10.05
0.81
8.80%
SG:1MZ
Nam Cheong Limited
0.79
0.09
12.86%
Yangzijiang Shipbuilding (Holdings) Corporate Events
Yangzijiang Shipbuilding Strengthens Board with New Independent Director
Aug 13, 2026
Yangzijiang Shipbuilding has strengthened its corporate governance structure with the appointment of Heng Su-Ling Mae as an Independent Non-Executive Director, effective 13 August 2026. Her arrival expands the board to five members, comprising one...
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.