SGX:G50

Stock Analysis Report

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Executive Summary

Grand Banks Yachts Limited, an investment holding company, manufactures and sells luxury recreational motor yachts in Malaysia, Australia, the United States, and internationally.


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has Grand Banks Yachts's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: G50's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.9%

G50

5.4%

SG Machinery

3.2%

SG Market


1 Year Return

-36.0%

G50

-19.1%

SG Machinery

-17.9%

SG Market

Return vs Industry: G50 underperformed the SG Machinery industry which returned -29.5% over the past year.

Return vs Market: G50 underperformed the SG Market which returned -19.1% over the past year.


Shareholder returns

G50IndustryMarket
7 Day2.9%5.4%3.2%
30 Day-12.0%2.1%-0.005%
90 Day-21.8%2.0%-13.7%
1 Year-36.0%-36.0%-16.2%-19.1%-14.6%-17.9%
3 Year-39.3%-40.3%-22.0%-29.2%-13.8%-23.2%
5 Year-20.5%-21.8%-20.7%-32.9%-8.0%-23.7%

Price Volatility Vs. Market

How volatile is Grand Banks Yachts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Grand Banks Yachts undervalued compared to its fair value and its price relative to the market?

14.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate G50's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate G50's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: G50 is poor value based on its PE Ratio (14x) compared to the Machinery industry average (9.2x).

PE vs Market: G50 is poor value based on its PE Ratio (14x) compared to the SG market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate G50's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: G50 is overvalued based on its PB Ratio (0.6x) compared to the SG Machinery industry average (0.5x).


Next Steps

Future Growth

How is Grand Banks Yachts forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Grand Banks Yachts has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Grand Banks Yachts performed over the past 5 years?

54.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G50 has high quality earnings.

Growing Profit Margin: G50's current net profit margins (2.7%) are lower than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: G50's earnings have grown significantly by 54.9% per year over the past 5 years.

Accelerating Growth: G50's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: G50 had negative earnings growth (-70.5%) over the past year, making it difficult to compare to the Machinery industry average (10.6%).


Return on Equity

High ROE: G50's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Grand Banks Yachts's financial position?


Financial Position Analysis

Short Term Liabilities: G50's short term assets (SGD53.2M) exceed its short term liabilities (SGD34.1M).

Long Term Liabilities: G50's short term assets (SGD53.2M) exceed its long term liabilities (SGD7.0M).


Debt to Equity History and Analysis

Debt Level: G50's debt to equity ratio (28.6%) is considered satisfactory.

Reducing Debt: G50's debt to equity ratio has increased from 0% to 28.6% over the past 5 years.

Debt Coverage: G50's debt is not well covered by operating cash flow (11.6%).

Interest Coverage: G50's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Grand Banks Yachts's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate G50's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate G50's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if G50's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if G50's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: G50 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of G50's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average board tenure


CEO

Mark Jonathon Richards (53yo)

5.83yrs

Tenure

S$881,845

Compensation

Mr. Mark Jonathon Richards has been the Chief Executive Officer and Executive Director of Grand Banks Yachts Limited since August 1, 2014. Mr. Richards served as Managing Director of Palm Beach Motor Yacht ...


CEO Compensation Analysis

Compensation vs Market: Mark Jonathon's total compensation ($USD626.17K) is above average for companies of similar size in the SG market ($USD361.98K).

Compensation vs Earnings: Mark Jonathon's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Mark Jonathon Richards
Executive Director & CEO5.83yrsS$881.85k5.97% SGD1.9m
Basil Chan
Non-Executive & Independent Director8.58yrsS$69.50k0.16% SGD53.1k
Heine Askaer-Jensen
Independent Non-Executive Chairman of the Boardno dataS$76.00k0.38% SGD123.5k
Ewe Keng Lim
Non-Executive Non-Independent Director7.33yrsS$53.00k0.11% SGD37.3k
Gary James Weisman
Non-Executive Independent Director4.67yrsS$54.00k0.15% SGD48.4k

6.6yrs

Average Tenure

66yo

Average Age

Experienced Board: G50's board of directors are considered experienced (6.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grand Banks Yachts Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grand Banks Yachts Limited
  • Ticker: G50
  • Exchange: SGX
  • Founded: 1956
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: S$32.496m
  • Shares outstanding: 184.63m
  • Website: https://www.grandbanks.com

Number of Employees


Location

  • Grand Banks Yachts Limited
  • No. 03-16, 274 Upper Bukit Timah Road
  • Singapore
  • 588213
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
G50SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

Grand Banks Yachts Limited, an investment holding company, manufactures and sells luxury recreational motor yachts in Malaysia, Australia, the United States, and internationally. The company offers its yachts primarily under the Grand Banks and Palm Beach brand names. It also engages in the sale of new and previously-owned yachts, as well as boat brokerage activities. Grand Banks Yachts Limited was founded in 1956 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 12:50
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.