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Singapore Shipping Corporation Limited (S19) AI Stock Analysis
Singapore Shipping Corporation Limited
(SGX:S19)
The score is driven primarily by sound financial fundamentals: a rapidly deleveraged balance sheet, record profitability margins and strong cash conversion give the company a solid cushion in a cyclical industry. An inexpensive 5.4x P/E and 3.5% dividend yield add further support. Offsetting these strengths are a 22.1% revenue decline in FY2026 and persistent lack of top-line growth, alongside weak technicals with the share price below all key moving averages. The result is a moderately above-average score for a well-managed, low-leverage but low-growth shipping operator.
Singapore Shipping Corporation Limited (S19) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 109.30M
- Dividend Yield
- 3.70%
- Average Volume (3M)
- 201.31K
- Price to Earnings (P/E)
- 5.2
- Beta (1Y)
- 0.52
- Revenue Growth
- 0.39%
- EPS Growth
- 39.21%
- Country
- Singapore
- Employees
- 110
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Marine Shipping
Singapore Shipping Corporation Limited Business Overview & Revenue Model
Company Description
Singapore Shipping Corporation Limited functions as an investment holding entity, engaging in both the ownership and management of maritime vessels. Operating globally with a significant presence in Singapore and Japan, the company structures its ope...
How the Company Makes Money
The company primarily makes money through its shipping operations. Key revenue streams typically include (1) freight or hire income earned from chartering vessels to customers (e.g., time charters where customers pay a daily hire rate for use of a ve...
Singapore Shipping Corporation Limited Financial Statement Overview
Summary
Singapore Shipping Corporation combines a solid balance sheet (score 75) with steady cash flows (70) and an adequate but mixed income statement (62). Debt has been cut over 70% since FY2021, pushing debt-to-equity to just 0.13, while ROE improved to 11.4%. Profitability is at multi-year highs, with net margin of 32.4% and EBITDA margin of 49.5%, and operating cash flow of S$23.2 million converts earnings to cash at above 1.4x. The clear offset is the top line: revenue fell 22.1% in FY2026 and has been flat to declining for years, leaving limited growth visibility in a cyclical industry.
Income Statement
62PositiveBalance Sheet
75PositiveCash Flow
70Positive| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.62M | 50.59M | 48.55M | 45.49M | 47.37M | 45.81M |
| Gross Profit | 15.53M | 14.45M | 11.10M | 9.59M | 11.60M | 11.24M |
| EBITDA | 24.36M | 25.06M | 20.49M | 18.37M | 21.05M | 19.25M |
| Net Income | 15.49M | 16.41M | 11.38M | 9.14M | 11.51M | 9.83M |
Balance Sheet | ||||||
| Total Assets | 203.52M | 203.52M | 192.90M | 189.10M | 187.28M | 178.84M |
| Cash, Cash Equivalents and Short-Term Investments | 98.82M | 98.82M | 80.01M | 68.55M | 61.31M | 50.15M |
| Total Debt | 19.08M | 19.08M | 24.80M | 29.29M | 34.91M | 39.83M |
| Total Liabilities | 59.37M | 59.37M | 62.07M | 65.78M | 69.47M | 72.94M |
| Stockholders Equity | 144.15M | 144.15M | 130.83M | 123.32M | 117.81M | 105.90M |
Cash Flow | ||||||
| Free Cash Flow | 23.38M | 21.95M | 17.70M | 15.20M | 18.05M | 20.17M |
| Operating Cash Flow | 23.45M | 23.18M | 20.49M | 17.34M | 20.03M | 21.14M |
| Investing Cash Flow | -13.48M | -69.70M | 40.25M | -21.23M | 140.00K | -3.85M |
| Financing Cash Flow | -10.21M | -9.62M | -9.71M | -10.11M | -7.99M | -11.38M |
Singapore Shipping Corporation Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:S19, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.29, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:S19.
Singapore Shipping Corporation Limited Peers Comparison
Overall Rating
SG:5LY69Neutral
SG:A0469Neutral
SG:S5668Neutral- SG:S1968Neutral
SG:F8356Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:5LY | 69Neutral | SGD 426.18M | 6.62 | 23.60% | 1.39% | 25.71% | 175.44% |
| SG:A04 | 69Neutral | SGD 252.11M | 7.42 | 23.66% | 0.54% | 3.03% | 118.92% |
| SG:S56 | 68Neutral | SGD 465.40M | 5.34 | 10.90% | 9.08% | 4.39% | -28.01% |
| SG:S19 | 68Neutral | SGD 109.30M | 5.15 | 11.66% | 3.70% | 0.39% | 39.21% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SG:F83 | 56Neutral | SGD 447.85M | 42.08 | 1.66% | 0.88% | 10.02% | 11.54% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:S19 | Singapore Shipping Corporation Limited | 0.27 | -0.02 | -6.90% | |
| SG:5LY | Marco Polo Marine Ltd. | 0.11 | 0.01 | 5.88% | |
| SG:A04 | ASL Marine Holdings Ltd. | 0.24 | -0.01 | -2.83% | |
| SG:CHJ | Uni-Asia Group Ltd. | 0.93 | 0.06 | 6.94% | |
| SG:F83 | COSCO Shipping International Singapore Co Ltd | 0.10 | -0.02 | -16.53% | |
| SG:S56 | Samudera Shipping Line Ltd | 0.87 | -0.02 | -2.03% |
Singapore Shipping Corporation Limited Corporate Events
Singapore Shipping Corp Shareholders Back Dividend, Board Mandates at AGM
Singapore Shipping Corporation Limited held its 38th annual general meeting in Singapore, where shareholders reviewed the group’s financial performance for the year ended 31 March 2026 and discussed key strategies and growth plans. The board em...
Singapore Shipping Corp Bolsters Board Independence With New Director Appointments
Singapore Shipping Corporation Limited has refreshed its governance structure with the appointment of Tan Zhengxian, Jordan as an independent non-executive director, who will chair the Nominating Committee and sit on both the Audit and Risk Managemen...
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.
Date of analysis: Oct 01, 2026