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Yangzijiang Shipbuilding (Holdings) Ltd. (YSHLF)

POSITIVE
IndustrialsAerospace & DefenseChina

Fondamental

68

Prix

$4.81

Capitalisation boursière

-

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

Yangzijiang Shipbuilding builds large commercial ships — container ships, bulk carriers, oil tankers and gas carriers — at four shipyards along the Yangtze River in Jiangsu, China. Shipowners from around the world, mostly in Europe and North America, place orders years in advance and pay in installments as the vessel is built; Yangzijiang delivers a physical, multi-million-dollar asset at the end rather than a recurring service. It is one of the largest privately owned shipbuilders in China.

Comment l'entreprise gagne de l'argent

Revenue is recognized as vessels progress through construction against a fixed orderbook price agreed years earlier, so today's results largely reflect ships priced and contracted long before delivery — 2025 revenue grew mainly because older contracts were signed at higher prices, not because more ships were sold this year. A smaller shipping arm charters bulk carriers, and a residual 'other' line covers terminal services, ship design and trading, adding modestly to the shipbuilding core.

Chiffre d'affaires par segment

Shipbuilding94%

Construction of containerships, bulk carriers, oil tankers and gas carriers under multi-year contracts with global shipowners.

Shipping3.9%

Charter revenue from a fleet of bulk carriers the Group owns and operates itself.

Others1.9%

Terminal services, ship design fees and trading activity, including raw-material sales to an affiliated shipyard.

Ce qui stimule la demande

Cyclique

Shipbuilding demand follows the global shipping cycle: newbuild orders and prices swing with world trade volumes, fleet age and replacement needs, and even regulatory shifts like new emissions rules that push owners to order cleaner vessels. Tariff announcements in early 2025 already delayed some ordering decisions before momentum picked back up later in the year.

Les arguments en faveur

Buyers argue that a record order backlog worth US$22.4 billion through 2030, expanding gross margins from higher newbuild pricing, and a new shipyard expansion project position Yangzijiang to keep converting its backlog into growing profit for years.

Les arguments contre

Sellers fear that shipbuilding is a boom-and-bust industry, that tariff disputes and trade tensions already delayed ordering in early 2025, and that today's high margins reflect a pricing peak that new capacity — including the company's own expansion — could erode over the coming years.

Données par segment de l'exercice 2025Sources: Yangzijiang Shipbuilding (Holdings) Ltd. — FY2025 media release (SGX)

Written by the editors, published on 18 août 2026

Direct competitors

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Bilan & Liquidités

Chiffre d'affaires

$28.51B

Résultat net

$8.64B

Flux de trésorerie libre

-

Capitaux propres totaux

$32.14B

Passif total

-

Ratio de liquidité général

1.66

Couverture des intérêts

-

Dette/EBITDA

0.37

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Sous-évalué

Juste valeur

$11.32

Prix actuel

$4.81

Marge de sécurité

+57.5%

Fourchette de juste valeur

$7.36 - $15.28

Méthodes d'estimation

Analyst Target:$5.13
DCF:-
PE-based:$3.30
Graham Growth:$24.20
EPV:$19.76
Consensus des analystes:Achat fort (13B / 3H / 0S)
Dernière surprise sur les résultats:+21.34%

Indicateurs de valorisation

Ratio P/E

10.09

ROE

28.8%

Ratio P/B

2.96

P/FCF

-

Marge brute

35.2%

ROIC

-

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

-

WACC

8.3%

ROIC − WACC

-

Critères d'analyse fondamentale

Réussi (10)

  • Price CAGR 26.77%
  • Gross Margin 35.2%
  • P/B Ratio 2.96
  • Current Ratio
  • Debt/EBITDA
  • ROE 28.8%
  • Revenue Growth 5Y 13.9%
  • Analyst Consensus 81% Buy
  • Earnings Surprise avg 10.2%
  • PEG Ratio 0.41

Échoué (2)

  • DCF valuation (Unknown)
  • Piotroski F-Score 0/9

Indisponible (15)

  • EPS data insufficient
  • ROIC NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (need 2+ years)
  • Net Margin Trend (invalid data)

Score F de Piotroski

0/9

Préoccupations financières sérieuses

score
criteria

Qualité des bénéfices

-

Qualité faible : examiner la comptabilité

Dilution du capital

-

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Letian RenExecutive Chairman & CEO43
Mr. Yu WeipingCo-Founder-
Ren JinhuaCo-Founder-
Jialu HuangCo-Founder-
Mr. Qiang GaoCo-Founder61
Zhengshun CaiCo-Founder-
Mr. Yi Fang LiuCo-Founder78
Lijun XieCo-Founder-
Wenzhen WangCo-Founder-
Pinhua SuCo-Founder-

Risque d'audit

5

Risque du conseil

10

Risque de rémunération

6

Risque droits des actionnaires

8

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for YSHLF, sourced from Markets Gazette.

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