Yangzijiang Shipbuilding (Holdings) Ltd. (YSHLF)
UnterbewertetFundamental
72
Kurs
$5.07
Marktkapitalisierung
$20.62B
Teil 1 · Was das Unternehmen wert ist
Übersicht
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.
Wie das Geld verdient wird
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.
Umsatz nach Segment
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.
Was die Nachfrage antreibt
ZyklischShipbuilding 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.
Die Argumente dafür
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.
Die Argumente dagegen
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 18. August 2026
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Bilanz & Liquidität
Umsatz
$33.16B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Nettogewinn
$9.82B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Freier Cashflow
$-828M
Gesamtes Eigenkapital
$6.33B
Gesamtverbindlichkeiten
$4.13B
Current Ratio
1.66
Zinsdeckungsgrad
-
Schulden/EBITDA
0.37
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$13.52
Aktueller Kurs
$5.07
Sicherheitsmarge
+62.5%
Innerer-Wert-Spanne
$8.78 - $18.25
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
2.03
ROE
32.1%
P/B-Verhältnis
0.60
P/FCF
-
Bruttomarge
35.2%
ROIC
83.2%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC-AusreißerROIC
83.2%
WACC
8.0%
ROIC − WACC
+75.2 pp
Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.
Fundamentalanalyse-Kriterien
Bestanden (15)
- Price CAGR 28.04%
- ROIC 83.2%
- Gross Margin 35.2%
- P/B Ratio 0.60
- Debt/Equity ratio
- Operating Margin 34.2%
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- ROE 30.1%
- Revenue Growth 5Y 13.9%
- Analyst Consensus 88% Buy
- Earnings Surprise avg 10.2%
- PEG Ratio 0.39
- Net Margin Trend 30.3% vs 25.0%
Nicht bestanden (4)
- Positive Free Cash Flow
- DCF valuation (Unknown)
- Earnings Quality (OCF/NI) 0.60
- Piotroski F-Score 1/9
Nicht verfügbar (8)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Mittel: Gewisse Differenz zwischen Gewinn und Cashflow
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Für dieses Unternehmen liegen keine institutionellen Meldungen vor.
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| 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 | - |
Prüfungsrisiko
4
Vorstandsrisiko
10
Vergütungsrisiko
5
Aktionärsrechterisiko
8
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for YSHLF, sourced from Markets Gazette.