Yangzijiang Shipbuilding (Holdings) Ltd. (YSHLF)
POSITIVEファンダメンタル
68
株価
$4.81
時価総額
-
パート1 · 企業の価値
概要
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.
収益の仕組み
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.
セグメント別売上高
Construction of containerships, bulk carriers, oil tankers and gas carriers under multi-year contracts with global shipowners.
Charter revenue from a fleet of bulk carriers the Group owns and operates itself.
Terminal services, ship design fees and trading activity, including raw-material sales to an affiliated shipyard.
需要を左右する要因
景気循環型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.
強気材料
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.
弱気材料
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.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
貸借対照表と流動性
売上高
$28.51B
純利益
$8.64B
フリーキャッシュフロー
-
自己資本合計
$32.14B
負債合計
-
流動比率
1.66
利払い倍率
-
負債/EBITDA
0.37
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$11.32
現在株価
$4.81
安全マージン
+57.5%
適正価値レンジ
$7.36 - $15.28
推定方法
バリュエーション指標
P/E レシオ
10.09
ROE
28.8%
P/B レシオ
2.96
P/FCF
-
粗利益率
35.2%
ROIC
-
収益性レーダー
Value Creation (Economic Moat)
ROIC
-
WACC
8.3%
ROIC − WACC
-
ファンダメンタル分析基準
合格（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
不合格（2）
- DCF valuation (Unknown)
- Piotroski F-Score 0/9
データなし（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)
Piotroski F-スコア
重大な財務上の懸念
利益の質
低品質：会計処理を調査してください
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Letian Ren | Executive Chairman & CEO | 43 |
| Mr. Yu Weiping | Co-Founder | - |
| Ren Jinhua | Co-Founder | - |
| Jialu Huang | Co-Founder | - |
| Mr. Qiang Gao | Co-Founder | 61 |
| Zhengshun Cai | Co-Founder | - |
| Mr. Yi Fang Liu | Co-Founder | 78 |
| Lijun Xie | Co-Founder | - |
| Wenzhen Wang | Co-Founder | - |
| Pinhua Su | Co-Founder | - |
監査リスク
5
取締役会リスク
10
報酬リスク
6
株主権利リスク
8
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for YSHLF, sourced from Markets Gazette.