Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, operates in the shipbuilding activities in the People’s Republic of China, Taiwan, Germany, Greece, Norway, Canada, Korea, Bahamas, other Asian and European countries, and internationally.
Flawless balance sheet established dividend payer.
Share Price & News
How has Yangzijiang Shipbuilding (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BS6 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BS6 exceeded the SG Machinery industry which returned -36.9% over the past year.
Return vs Market: BS6 underperformed the SG Market which returned -20.5% over the past year.
Price Volatility Vs. Market
How volatile is Yangzijiang Shipbuilding (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Do The Returns On Capital At Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Tell Us?
3 weeks ago | Simply Wall StHere's How We Evaluate Yangzijiang Shipbuilding (Holdings) Ltd.'s (SGX:BS6) Dividend
Is Yangzijiang Shipbuilding (Holdings) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BS6 (SGD0.96) is trading below our estimate of fair value (SGD1.02)
Significantly Below Fair Value: BS6 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BS6 is good value based on its PE Ratio (7.1x) compared to the Machinery industry average (10.1x).
PE vs Market: BS6 is good value based on its PE Ratio (7.1x) compared to the SG market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: BS6's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BS6 is overvalued based on its PB Ratio (0.6x) compared to the SG Machinery industry average (0.5x).
How is Yangzijiang Shipbuilding (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BS6's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: BS6's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: BS6's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BS6's revenue (0.09% per year) is forecast to grow slower than the SG market (4.2% per year).
High Growth Revenue: BS6's revenue (0.09% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BS6's Return on Equity is forecast to be low in 3 years time (7.9%).
How has Yangzijiang Shipbuilding (Holdings) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BS6 has high quality earnings.
Growing Profit Margin: BS6's current net profit margins (12.9%) are lower than last year (13.5%).
Past Earnings Growth Analysis
Earnings Trend: BS6's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: BS6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BS6 had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Machinery industry average (10.6%).
Return on Equity
High ROE: BS6's Return on Equity (8.8%) is considered low.
How is Yangzijiang Shipbuilding (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: BS6's short term assets (CN¥32.7B) exceed its short term liabilities (CN¥11.4B).
Long Term Liabilities: BS6's short term assets (CN¥32.7B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: BS6's debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: BS6's debt to equity ratio has reduced from 37.3% to 15.1% over the past 5 years.
Debt Coverage: BS6's debt is well covered by operating cash flow (94.2%).
Interest Coverage: BS6 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Yangzijiang Shipbuilding (Holdings) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BS6's dividend (4.62%) is higher than the bottom 25% of dividend payers in the SG market (2.64%).
High Dividend: BS6's dividend (4.62%) is low compared to the top 25% of dividend payers in the SG market (5.96%).
Stability and Growth of Payments
Stable Dividend: BS6's dividends per share have been stable in the past 10 years.
Growing Dividend: BS6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.1%), BS6's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BS6's dividends in 3 years are forecast to be well covered by earnings (29.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Letian Ren (38yo)
Mr. Letian Ren has been Chief Executive Officer at Yangzijiang Shipbuilding (Holdings) Ltd. since May 1, 2015. Mr. Ren serves as Executive Chairman at Yangzijiang Shipbuilding (Holdings) Ltd since April 30 ...
|Executive Chairman & CEO||5.17yrs||no data||4.18% CN¥160.4m|
|Deputy GM & Executive Director||0.25yr||no data||3.83% CN¥147.0m|
|Lead Independent Director||no data||CN¥45.50k||0.0038% CN¥147.1k|
|Independent Non-Executive Director||0.25yr||no data||no data|
|Independent Non-Executive Director||7.25yrs||CN¥45.50k||no data|
|Non-Independent Non-Executive Director||6.25yrs||CN¥45.50k||no data|
Experienced Board: BS6's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Yangzijiang Shipbuilding (Holdings) Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Yangzijiang Shipbuilding (Holdings) Ltd.
- Ticker: BS6
- Exchange: SGX
- Founded: 1956
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: S$3.840b
- Shares outstanding: 3.92b
- Website: https://www.yzjship.com
Number of Employees
- Yangzijiang Shipbuilding (Holdings) Ltd.
- Jiangyin-Jingjiang Industry Zone
- 1# Lianyi Road
- Jiangsu Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BS6||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Apr 2007|
|B8O||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 2007|
|YSHL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Apr 2007|
|SO7||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||CNY||Apr 2007|
Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, operates in the shipbuilding activities in the People’s Republic of China, Taiwan, Germany, Greece, Norway, Canada, Korea, Bahamas, other Asian and European countries, and internationally. The company operates through Shipbuilding, Investments, Trading, and Others segments. It produces a range of commercial vessels, such as containerships, dry bulk carriers, oil tankers, and liquefied natural gas (LNG) carriers. The company also engages in the production and processing of steel structures. In addition, it facilitates the sale and export of ships for the ship builder; trades in ship related equipment and shipbuilding related materials/supplies; provides microcredit to enterprises and individuals; and supplies marine equipment and materials, as well as engages in debt and other investment activities. Further, the company is involved in the ship demolition and vessel owning activities. The company was founded in 1956 and is based in Jingjiang, China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/07 12:40|
|End of Day Share Price||2020/07/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.