Are Investors Undervaluing Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) By 21%?
Jun 12
Singaporean (SGX) Machinery Industry Analysis
UpdatedJun 16, 2024
DataAggregated Company Financials
Companies28
- 7D0.3%
- 3M17.8%
- 1Y9.3%
- YTD7.2%
Over the last 7 days, the Machinery industry has remained flat. As for the the longer term, the industry is up 9.3% over the past 12 months. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Singaporean Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Jun 2024 | S$17.9b | S$18.9b | -S$896,183,496.96 | 9.1x | -20x | 0.9x |
| Wed, 15 May 2024 | S$9.5b | S$12.2b | S$964.4m | 9x | 9.8x | 0.8x |
| Fri, 12 Apr 2024 | S$15.5b | S$19.5b | -S$1,050,013,060.95 | 9.4x | -14.7x | 0.8x |
| Sun, 10 Mar 2024 | S$16.1b | S$15.9b | S$575.1m | 9.6x | 27.9x | 1x |
| Tue, 06 Feb 2024 | S$15.3b | S$15.5b | S$414.4m | 10.1x | 36.9x | 1x |
| Thu, 04 Jan 2024 | S$16.3b | S$15.4b | S$409.8m | 9.8x | 39.7x | 1.1x |
| Sat, 02 Dec 2023 | S$15.0b | S$15.4b | S$414.0m | 9.5x | 36.3x | 1x |
| Mon, 30 Oct 2023 | S$15.7b | S$15.5b | S$391.2m | 10.3x | 40.2x | 1x |
| Wed, 27 Sep 2023 | S$18.1b | S$15.5b | S$391.2m | 11.1x | 46.2x | 1.2x |
| Fri, 25 Aug 2023 | S$19.0b | S$15.4b | S$369.4m | 11.4x | 51.3x | 1.2x |
| Sun, 23 Jul 2023 | S$18.3b | S$13.4b | S$443.0m | 11.5x | 41.2x | 1.4x |
| Tue, 20 Jun 2023 | S$16.6b | S$13.4b | S$447.4m | 10.9x | 37.2x | 1.2x |
| Thu, 18 May 2023 | S$16.0b | S$13.6b | S$461.1m | 9.9x | 34.7x | 1.2x |
| Sat, 15 Apr 2023 | S$15.6b | S$13.6b | S$453.2m | 11x | 34.5x | 1.1x |
| Mon, 13 Mar 2023 | S$14.9b | S$13.7b | S$458.7m | 10.1x | 32.6x | 1.1x |
| Wed, 08 Feb 2023 | S$12.3b | S$14.1b | S$540.8m | 9x | 22.7x | 0.9x |
| Fri, 06 Jan 2023 | S$11.5b | S$14.1b | S$541.3m | 8.3x | 21.3x | 0.8x |
| Sun, 04 Dec 2022 | S$12.8b | S$14.0b | S$530.9m | 8.2x | 24x | 0.9x |
| Tue, 01 Nov 2022 | S$11.1b | S$14.1b | S$580.9m | 8x | 19.1x | 0.8x |
| Thu, 29 Sep 2022 | S$9.9b | S$14.2b | S$604.5m | 8.3x | 16.4x | 0.7x |
| Sat, 27 Aug 2022 | S$10.4b | S$14.3b | S$614.9m | 9.2x | 16.9x | 0.7x |
| Mon, 25 Jul 2022 | S$9.8b | S$13.8b | -S$40,741,016.00 | 9.2x | -240.6x | 0.7x |
| Wed, 22 Jun 2022 | S$10.3b | S$13.9b | -S$30,574,376.00 | 9.3x | -337.1x | 0.7x |
| Fri, 20 May 2022 | S$9.5b | S$13.8b | -S$26,100,357.00 | 9.8x | -362.3x | 0.7x |
| Sun, 17 Apr 2022 | S$13.6b | S$14.0b | S$46.3m | 10.1x | 293.6x | 1x |
| Tue, 15 Mar 2022 | S$11.4b | S$14.0b | -S$150,147,936.00 | 10.5x | -75.6x | 0.8x |
| Thu, 10 Feb 2022 | S$11.8b | S$13.3b | -S$240,313,492.00 | 11.5x | -49.1x | 0.9x |
| Sat, 08 Jan 2022 | S$11.5b | S$13.3b | -S$233,124,966.00 | 11.4x | -49.4x | 0.9x |
| Mon, 06 Dec 2021 | S$11.4b | S$13.4b | -S$227,597,481.00 | 11.6x | -50.1x | 0.9x |
| Wed, 03 Nov 2021 | S$12.0b | S$13.1b | -S$302,294,192.00 | 9.1x | -39.6x | 0.9x |
| Fri, 01 Oct 2021 | S$12.1b | S$13.1b | -S$428,047,425.00 | 12.3x | -28.2x | 0.9x |
| Sun, 29 Aug 2021 | S$11.7b | S$13.2b | -S$430,814,888.85 | 12.8x | -27x | 0.9x |
| Mon, 05 Jul 2021 | S$11.2b | S$13.2b | -S$430,814,888.85 | 13.7x | -25.9x | 0.8x |
Price to Earnings Ratio
-25.9x
Current Industry PE
- Investors are relatively neutral on the Singaporean Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Singaporean Industrials industry?
| SG Market | -0.92% | |
| Industrials | -1.16% | |
| Machinery | 0.27% | |
| Construction Machinery and Vehicles | 0.37% | |
| Agricultural Machinery | 0% | |
| Industrial Machinery | -0.80% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 7.1x.
- Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings decline of 47.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 33% over the next 5 years.
- However this is lower than its past earnings growth rate of 58% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 23% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BS6 Yangzijiang Shipbuilding (Holdings) | S$2.45 | 1.7% +S$158.0m | 88.5% | PE12.7x | |
| BKX Yongmao Holdings | S$0.65 | 8.3% +S$4.4m | n/a | PE7.2x | |
| JLB Grand Venture Technology | S$0.58 | 0.9% +S$1.7m | 13.6% | PE35.8x | |
| 1V3 Mooreast Holdings | S$0.11 | 5.7% +S$1.6m | -20.7% | PS1x | |
| 1MZ Nam Cheong | S$0.16 | 0.6% +S$392.3k | n/a | PE0.3x |
