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Yangzijiang Shipbuilding (Holdings) Ltd. (YSHLF)

POSITIVE
IndustrialsAerospace & DefenseChina

Fundamental

68

Preço

$4.81

Capitalização de Mercado

-

Parte 1 · Quanto vale a empresa

Visão Geral

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.

Como gera receita

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.

Receita por segmento

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.

O que impulsiona a procura

Cíclico

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.

Os argumentos a favor

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.

Os argumentos contra

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.

Dados por segmento do exercício fiscal 2025Fontes: Yangzijiang Shipbuilding (Holdings) Ltd. — FY2025 media release (SGX)

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

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Balanço & Liquidez

Receita

$28.51B

Resultado Líquido

$8.64B

Fluxo de Caixa Livre

-

Capital Próprio Total

$32.14B

Passivo Total

-

Rácio de Liquidez

1.66

Cobertura de Juros

-

Dívida/EBITDA

0.37

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Subvalorizada

Valor Justo

$11.32

Preço Atual

$4.81

Margem de Segurança

+57.5%

Intervalo de Valor Justo

$7.36 - $15.28

Métodos de Estimativa

Analyst Target:$5.13
DCF:-
PE-based:$3.30
Graham Growth:$24.20
EPV:$19.76
Consenso dos Analistas:Compra Forte (13B / 3H / 0S)
Última Surpresa de Resultados:+21.34%

Métricas de Avaliação

Rácio P/E

10.09

ROE

28.8%

Rácio P/B

2.96

P/FCF

-

Margem Bruta

35.2%

ROIC

-

Radar de Rentabilidade

Value Creation (Economic Moat)

ROIC

-

WACC

8.3%

ROIC − WACC

-

Critérios de Análise Fundamental

Aprovado (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

Reprovado (2)

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

Indisponível (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-Score

0/9

Preocupações financeiras graves

score
criteria

Qualidade dos Resultados

-

Baixa qualidade: investigar a contabilidade

Diluição de Ações

-

A recomprar ações. Favorável ao acionista

Governação

Equipa Executiva

NomeCargoIdade
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-

Risco de Auditoria

5

Risco do Conselho

10

Risco de Remuneração

6

Risco dos Direitos dos Acionistas

8

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Latest News

Recent headlines for YSHLF, sourced from Markets Gazette.

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