Yangzijiang Shipbuilding (Holdings) Ltd. (YSHLF)
Sous-évaluéFondamental
72
Prix
$5.07
Capitalisation boursière
$20.62B
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
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.
Ce qui stimule la demande
CycliqueShipbuilding 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.
Written by the editors, published on 18 août 2026
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.
Bilan & Liquidités
Chiffre d'affaires
$33.16B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$9.82B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$-828M
Capitaux propres totaux
$6.33B
Passif total
$4.13B
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
Juste valeur
$13.52
Prix actuel
$5.07
Marge de sécurité
+62.5%
Fourchette de juste valeur
$8.78 - $18.25
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
2.03
ROE
32.1%
Ratio P/B
0.60
P/FCF
-
Marge brute
35.2%
ROIC
83.2%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC atypiqueROIC
83.2%
WACC
8.0%
ROIC − WACC
+75.2 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (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%
Échoué (4)
- Positive Free Cash Flow
- DCF valuation (Unknown)
- Earnings Quality (OCF/NI) 0.60
- Piotroski F-Score 1/9
Indisponible (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)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Modérée : certain écart entre profits et trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Aucune déclaration institutionnelle pour cette entreprise.
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 | - |
Risque d'audit
4
Risque du conseil
10
Risque de rémunération
5
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.