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Grand Banks Yachts
(SGX:G50)
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Rating:67Neutral
Price Target:
S$0.91
â–²(13.25% Upside)
Action:Downgraded
Date:09/06/26
The score is driven primarily by mixed financial quality: strong revenue momentum and a generally sound balance sheet are outweighed by a sharp 2026 deterioration in operating and free cash flow and weaker margins. Technicals are supportive but appear overextended, while valuation (low P/E and modest yield) provides a positive offset.
Positive Factors
Accelerating Revenue Growth
Accelerating revenue indicates stronger demand for the company’s yacht offerings and supports continued scale in its premium recreational marine business. If sustained, this growth can improve operating leverage, expand customer reach, and provide a stronger base for future earnings generation.
Negative Factors
Sharp Cash Flow Deterioration
The shift from positive free cash flow in 2023–2025 to substantial cash burn in 2026 weakens earnings conversion and raises liquidity risk. If the deterioration persists, Grand Banks may have less internal funding for production, investment, debt service, or shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Accelerating revenue indicates stronger demand for the company’s yacht offerings and supports continued scale in its premium recreational marine business. If sustained, this growth can improve operating leverage, expand customer reach, and provide a stronger base for future earnings generation.
Read all positive factors
Grand Banks Yachts (G50) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$156.73M
Dividend Yield1.79%
Average Volume (3M)20.19K
Price to Earnings (P/E)11.7
Beta (1Y)0.89
Revenue Growth6.70%
EPS Growth-26.43%
CountrySG
Employees1,055
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.07
Shares Outstanding186,584,660
10 Day Avg. Volume41,960
30 Day Avg. Volume20,190
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)1.15
Price to Sales (P/S)0.77
P/FCF Ratio-4.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Grand Banks Yachts Business Overview & Revenue Model
Company Description
Grand Banks Yachts Limited, headquartered in Singapore and established in 1956, is a global enterprise focused on the creation and sale of premium recreational motor yachts. The company markets its high-end vessels under prominent brand names incl...
How the Company Makes Money
Grand Banks Yachts makes money primarily by selling newly built motor yachts to end customers (typically through a mix of direct sales and dealer/broker networks, depending on market). Revenue is recognized based on contracted yacht orders and del...
Grand Banks Yachts Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 173.19M | 162.32M | 133.65M | 114.17M | 75.18M |
| Gross Profit | 48.09M | 48.47M | 50.73M | 36.78M | 19.96M |
| EBITDA | 27.77M | 31.96M | 35.24M | 19.68M | 8.18M |
| Net Income | 13.40M | 18.22M | 21.38M | 10.11M | 4.01M |
Balance Sheet | |||||
| Total Assets | 203.25M | 179.63M | 144.42M | 129.48M | 112.99M |
| Cash, Cash Equivalents and Short-Term Investments | 19.85M | 51.52M | 42.08M | 41.07M | 36.34M |
| Total Debt | 35.32M | 28.75M | 4.42M | 2.48M | 3.85M |
| Total Liabilities | 86.86M | 77.48M | 57.18M | 60.36M | 49.51M |
| Stockholders Equity | 116.39M | 102.15M | 87.24M | 69.12M | 63.48M |
Cash Flow | |||||
| Free Cash Flow | -30.11M | 12.61M | 4.28M | 8.36M | -8.16M |
| Operating Cash Flow | -488.00K | 31.25M | 9.02M | 15.16M | -977.00K |
| Investing Cash Flow | -29.48M | -17.31M | -881.00K | -11.86M | -7.14M |
| Financing Cash Flow | -2.76M | -3.81M | -4.29M | -3.05M | -1.35M |
Grand Banks Yachts Technical Analysis
Positive
0.80
Price Trends
0.74
Positive
0.74
Positive
0.72
Positive
Market Momentum
0.02
Negative
81.89
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:G50, the sentiment is Positive. The current price of 0.8 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.74, and above the 200-day MA of 0.72, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 81.89 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:G50.
Grand Banks Yachts Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | S$1.71B | 9.50 | 17.57% | 2.26% | 15.08% | 32.76% | |
70 Outperform | S$1.05B | 15.59 | 5.59% | 6.00% | 26.02% | -77.59% | |
67 Neutral | S$156.73M | 11.75 | 12.05% | 1.79% | 6.70% | -26.43% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | S$316.35M | 6.76 | 6.02% | 3.70% | 24.46% | 4.83% |
* Consumer Cyclical Sector Average
SG:G50
Grand Banks Yachts
0.84
0.05
5.93%
SG:B58
Banyan Tree Holdings
0.37
-0.26
-41.69%
SG:AGS
Hour Glass Ltd.
2.66
0.61
29.76%
SG:AVX
HL Global Enterprises Limited
0.33
0.01
3.13%
SG:H15
Hotel Properties Limited
5.07
0.17
3.53%
SG:OU8
Centurion Corporation Limited
1.25
-0.02
-1.81%
Grand Banks Yachts Corporate Events
Grand Banks Yachts Logs Near-Record Quarterly Orders on Brand and Infrastructure Push
Oct 20, 2026
Grand Banks Yachts recorded one of its highest-ever quarterly order intakes in the three months ended 30 September 2026, securing contracts for 11 new luxury boats and two trade-in boats worth a combined S$67.3 million. These orders lifted the net...
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.