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YANGZIJIANG SHIPBLDG HLDGS LTD (BS6) Fair Value & Analysis

Industrials · SG · Market cap 14.0B SGD (≈ $11.1B) · ISIN SG1U76934819

What is YANGZIJIANG SHIPBLDG HLDGS LTD really worth?

YS YANGZIJIANG SHIPBLDG HLDGS LTD BS6 · SG
Price4.94 SGD
Fair Value5.69 SGD
Upside+15.2%
Quality63/100

A solid business, trading 13% below our fair value of 5.69 SGD.

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Strengths

Highly profitable · 30.3% net margin
Low debt · generates free cash flow
Ranks above peers (11/12)
Wide moat 86/100

Risks

!Expensive Growth (revenue 5y +13.9 %/yr)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range 3.55 SGD – 10.23 SGD

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 5.68 SGD to 5.69 SGD (+0.2%) since Aug 9, 2026. Share price +24.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (3.55 SGD to 10.23 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

4.94 SGD 0.5443 SGD Fair Value 5.69 SGD Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.5443 SGD – 4.94 SGD · fair‑value band 3.55 SGD – 10.23 SGD · the 4.94 SGD price screens below the 5.69 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

YANGZIJIANG SHIPBLDG HLDGS LTD (BS6) currently trades at 4.94 SGD, while our model-based Fair Value estimate is 5.69 SGD, implying the stock looks roughly 13.2% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of 36.75 SGD per share, and 24 of the 24 models we run sit above the 4.94 SGD price. Bear case: the Asset-Based group reads lowest at 5.47 SGD, and 0 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, YANGZIJIANG SHIPBLDG HLDGS LTD generated revenue of 28.5B SGD at a net margin of 30.3%. Revenue grew 15.8% year over year. It earns a return on equity of 29.4%. The stock trades on a trailing P/E of 11.8. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.55 SGD (bear case) to 10.23 SGD (bull case); at 4.94 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 138% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 15%, BS6 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.1489 SGD per share, which is 2.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence 12.65 SGD 17.45 SGD 25.11 SGD 81
Growth DCF 12.71 SGD 17.42 SGD 24.91 SGD 79
Owner Earnings 26.79 SGD 40.61 SGD 62.64 SGD 76
All 24 models by family
DCF Models
FCF DCF best evidence 12.65 SGD 17.45 SGD 25.11 SGD 81
Owner Earnings 26.79 SGD 40.61 SGD 62.64 SGD 76
5Y Revenue Exit 13.48 SGD 19.27 SGD 26.85 SGD 73
5Y EBITDA Exit 21.80 SGD 35.36 SGD 51.75 SGD 74
5Y P/E Exit 28.23 SGD 47.79 SGD 69.15 SGD 70
10Y Revenue Exit 12.82 SGD 18.11 SGD 25.59 SGD 67
10Y EBITDA Exit 18.49 SGD 29.48 SGD 45.19 SGD 67
10Y P/E Exit 22.64 SGD 38.27 SGD 58.89 SGD 63
Earnings-Based
Graham-Dodd 14.92 SGD 53.99 SGD 72.80 SGD 64
Lynch FV 12.80 SGD 18.28 SGD 23.77 SGD 61
PEG = 1.0 12.80 SGD 18.28 SGD 23.77 SGD 57
EPV 24.84 SGD 28.13 SGD 31.00 SGD 74
Multiples
P/E Multiple 34.57 SGD 46.09 SGD 57.61 SGD 63
P/S Multiple 10.86 SGD 14.49 SGD 18.11 SGD 58
P/B Multiple 27.56 SGD 36.75 SGD 45.94 SGD 55
EV/EBIT 34.46 SGD 44.24 SGD 54.03 SGD 66
EV/EBITDA 28.86 SGD 36.78 SGD 44.70 SGD 67
EV/Revenue 14.23 SGD 18.14 SGD 22.05 SGD 54
Asset-Based
NCAV (Graham) 4.08 SGD 5.47 SGD 8.17 SGD 54
Growth DCF
Growth DCF 12.71 SGD 17.42 SGD 24.91 SGD 79
Rev-Margin DCF 13.48 SGD 19.18 SGD 26.01 SGD 73
Economic Profit
Residual Income 14.88 SGD 20.28 SGD 126.12 SGD 64
ROIC Compounder 25.84 SGD 30.52 SGD 35.51 SGD 72
Growth Earnings
Growth-Adj P/E 24.27 SGD 34.67 SGD 45.07 SGD 67

Widest divergence: Multiples (36.75 SGD) versus Asset-Based (5.47 SGD). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 11.8
P/S ratio 3.56 P/E × margin
EPS (TTM) 0.4200 SGD price ÷ EPS = P/E 11.8
Dividend yield 4.0% payout 47.6%
Net margin 30.3% FY2025
Return on equity 29.4% TTM
More key figures
Profitability
Return on assets (EBIT) 11.1% avg 5y
Operating margin 31.0% TTM
Growth
Revenue (TTM) 28.5B SGD TTM
Revenue growth (YoY) +15.8% 3y avg +11.2%
EPS growth (YoY) +25.1%
Balance sheet & cash flow
Free cash flow 2.5B SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 82

Profitability 67
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, engages in shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, France, Bulgaria, United Kingdom, Singapore, Denmark, Switzerland, and internationally. It operates through Shipbuilding, Shipping, and Others segments.

Full company description

Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, engages in shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, France, Bulgaria, United Kingdom, Singapore, Denmark, Switzerland, and internationally. It operates through Shipbuilding, Shipping, and Others segments. The company offers commercial vessels, such as containerships, multipurpose vessels, oil tankers, bulk carriers, LNG vessels, and other gas carriers. It is also involved in the provision of ship repairing services; production and processing of large-scale steel structures; ship design services; owns and operates a tank terminal; tank related services; and property development. Yangzijiang Shipbuilding (Holdings) Ltd. was founded in 1956 and is based in Jingjiang, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

YANGZIJIANG SHIPBLDG HLDGS LTD reported revenue of 28.5B CNY in FY2025 versus 16.8B CNY in FY2021, a compound +14.2%/yr. Reported net income was 8.6B CNY in FY2025, compounding +23.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
28.5B SGD
Latest YoY
+7.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+26.6% (22.6 + 4.0)
Revenue +14.2%/yr
FY21 16.8B CNY
FY22 20.7B CNY
FY23 24.1B CNY
FY24 26.5B CNY
FY25 28.5B CNY
Net income +23.6%/yr
FY21 3.7B CNY
FY22 2.8B CNY
FY23 4.1B CNY
FY24 6.6B CNY
FY25 8.6B CNY

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Cite: Fair Value Calculator (2026). "YANGZIJIANG SHIPBLDG HLDGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/BS6

Peer Group

Aerospace & Defense · 229 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +15% · Top 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 16% · Above median
Dividend yield (TTM) 4.0% · Top 25%

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than 75% of peers
P/FCF 4.4× · Cheaper than median
PEG 1.83× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE54 · sector 0
FUTURE79 · sector 50
PAST100 · sector 38
HEALTH100 · sector 93
DIVIDEND81 · sector 16

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $335.71 $116.71 −65%
RTX Corporation RTX $212.08 $88.37 −58%
Airbus SE AIR €213.00 €117.01 −45%
Lockheed Martin Corporation LMT $565.89 $419.01 −26%
Howmet Aerospace Inc HWM $264.85 $50.43 −81%
General Dynamics Corporation GD $379.32 $274.32 −28%
Northrop Grumman Corporation NOC $545.57 $356.59 −35%
TransDigm Group TDG $1,235 $571.03 −54%
L3Harris Technologies, Inc LHX $262.82 $146.55 −44%
Thales S.A HO €243.70 €171.13 −30%

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Frequently asked questions

Is YANGZIJIANG SHIPBLDG HLDGS LTD (BS6) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 5.69 SGD versus a price of 4.94 SGD, about +15% upside (undervalued).
What is the fair value of BS6?
Our model-based fair value for YANGZIJIANG SHIPBLDG HLDGS LTD is 5.69 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price: 4.94 SGD.
What is the quality score of BS6?
YANGZIJIANG SHIPBLDG HLDGS LTD has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of YANGZIJIANG SHIPBLDG HLDGS LTD (BS6)?
YANGZIJIANG SHIPBLDG HLDGS LTD reported trailing-twelve-month revenue of about 28.5B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BS6?
The net profit margin of YANGZIJIANG SHIPBLDG HLDGS LTD is about 30.3%, meaning it keeps roughly 30.3% of revenue as net income. Based on the latest reported figures.
Does YANGZIJIANG SHIPBLDG HLDGS LTD pay a dividend?
YANGZIJIANG SHIPBLDG HLDGS LTD currently shows a dividend yield of about 4.05% relative to its recent price (as of Aug 13, 2026).
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