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G50

Grand Banks YachtsSGX:G50 Stock Report

Market Cap

S$56.3m

7D

1.7%

1Y

58.0%

Updated

22 Oct, 2021

Data

Company Financials
G50 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends1/6

G50 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Grand Banks Yachts
Historical stock prices
Current Share PriceS$0.30
52 Week HighS$0.17
52 Week LowS$0.35
Beta0.89
1 Month Change0%
3 Month Change10.91%
1 Year Change58.03%
3 Year Change1.67%
5 Year Change27.08%
Change since IPO-69.22%

Recent News & Updates

Shareholder Returns

G50SG MachinerySG Market
7D1.7%0.6%0.4%
1Y58.0%14.8%22.2%

Return vs Industry: G50 exceeded the SG Machinery industry which returned 14.8% over the past year.

Return vs Market: G50 exceeded the SG Market which returned 22.2% over the past year.

Price Volatility

Is G50's price volatile compared to industry and market?
G50 volatility
G50 Beta0.89
Industry Beta1.27
Market Beta1

Stable Share Price: G50 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: G50's weekly volatility has decreased from 14% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1956736Mark Jonathon Richardshttps://www.grandbanks.com

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

How do Grand Banks Yachts's earnings and revenue compare to its market cap?
G50 fundamental statistics
Market CapS$56.31m
Earnings (TTM)S$4.23m
Revenue (TTM)S$96.06m

13.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
G50 income statement (TTM)
RevenueS$96.06m
Cost of RevenueS$75.39m
Gross ProfitS$20.67m
ExpensesS$16.44m
EarningsS$4.23m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.023
Gross Margin21.51%
Net Profit Margin4.40%
Debt/Equity Ratio7.6%

How did G50 perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

22%

Payout Ratio

Does G50 pay a reliable dividends?

See G50 dividend history and benchmarks
When do you need to buy G50 by to receive an upcoming dividend?
Grand Banks Yachts dividend dates
Ex Dividend DateNov 09 2021
Dividend Pay DateNov 18 2021
Days until Ex dividend17 days
Days until Dividend pay date26 days

Does G50 pay a reliable dividends?

See G50 dividend history and benchmarks

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: G50 (SGD0.31) is trading below our estimate of fair value (SGD21.24)

Significantly Below Fair Value: G50 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: G50 is poor value based on its PE Ratio (13.3x) compared to the SG Machinery industry average (12.7x).

PE vs Market: G50 is good value based on its PE Ratio (13.3x) compared to the SG market (13.6x).


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 (0.9x) compared to the SG Machinery industry average (0.8x).


Future Growth

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

45.1%

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.


Past Performance

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

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G50 has high quality earnings.

Growing Profit Margin: G50's current net profit margins (4.4%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: G50's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: G50's earnings growth over the past year (300.6%) exceeds its 5-year average (8.8% per year).

Earnings vs Industry: G50 earnings growth over the past year (300.6%) exceeded the Machinery industry 39.4%.


Return on Equity

High ROE: G50's Return on Equity (6.9%) is considered low.


Financial Health

How is Grand Banks Yachts's financial position?


Financial Position Analysis

Short Term Liabilities: G50's short term assets (SGD64.7M) exceed its short term liabilities (SGD43.1M).

Long Term Liabilities: G50's short term assets (SGD64.7M) exceed its long term liabilities (SGD3.7M).


Debt to Equity History and Analysis

Debt Level: G50's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: G50's debt to equity ratio has reduced from 7.9% to 7.6% over the past 5 years.

Debt Coverage: G50's debt is well covered by operating cash flow (914.1%).

Interest Coverage: G50's interest payments on its debt are well covered by EBIT (31.2x coverage).


Balance Sheet


Dividend

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

1.64%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 22 2021Ex Dividend DateNov 09 2021Dividend Pay DateNov 18 20219 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: G50's dividend (1.64%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.94%).

High Dividend: G50's dividend (1.64%) is low compared to the top 25% of dividend payers in the SG market (5.22%).


Stability and Growth of Payments

Stable Dividend: G50 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: G50 has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.8%), G50's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Mark Jonathon Richards (55 yo)

7.17yrs

Tenure

S$994,894

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 ($USD739.02K) is above average for companies of similar size in the SG market ($USD397.69K).

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


Leadership Team

Experienced Management: G50's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: G50's board of directors are considered experienced (7.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Grand Banks Yachts Limited's 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$56.314m
  • Shares outstanding: 184.63m
  • Website: https://www.grandbanks.com

Number of Employees


Location

  • Grand Banks Yachts Limited
  • Wcega Tower
  • No. 06-74, 21 Bukit Batok Crescent
  • Singapore
  • 658065
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:32
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.