ASL Marine Holdings Ltd

Chart & Performance

D1W1MN

P/E

—

P/S

—

EPS

0.00

Div Yield, %

Shrs. gr., 5y

1.34%

Rev. gr., 5y

2.23%

Revenues

349m

+4.02%

Net income

+10.59%

CFO

40m

-51.55%

Earnings

Feb 12, 2025

Profile

ASL Marine Holdings Ltd., an investment holding company, provides marine services in the Singapore, Indonesia, Rest of Asia, Europe, Australia, and internationally. The company operates through Shipbuilding; Shiprepair, Conversion, and Engineering; and Shipchartering segments. It constructs vessels, such as offshore support vessels, dredgers, tugs, barges, and tankers; and provides ship repair and conversion services, including retrofitting and conversion, steel renewal, blasting and painting, electrical and electronic works, and mechanical works for the repair and life extension of various types of vessels. The company also owns, operates, and charters a fleet of vessels consisting of tugs, cargo barges, crane barges, split hopper barges, workboats, grab dredgers, landing crafts, tankers, anchor handling tugs, and anchor handling towing/supply vessels for marine contractors in the marine infrastructure and construction, cargoes and equipment transportation, and land reclamation industries; and provides transportation services. In addition, it offers cutting systems, pumping systems, dragheads, dredge line components, and other components, as well as dredge automation products; and market research and public opinion polling services. Further, the company engages in the provision of agency, handling, and consultancy services; and leasing of intellectual property. ASL Marine Holdings Ltd. owns and operates shipyards in Singapore and Indonesia. As of June 30, 2022, it had a fleet of 229 vessels. ASL Marine Holdings Ltd. was founded in 1974 and is based in Singapore.

URL

https://www.aslmarine.com/

IPO date

Mar 17, 2003

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2024‑06	2023‑06	2022‑06	2021‑06	2020‑06	2019‑06	2018‑06	2017‑06	2016‑06	2015‑06
Income
Revenues	349,328 4.02%	335,814 42.56%	235,556 22.08%
Cost of revenue	325,450	324,486	252,816
Unusual Expense (Income)
NOPBT	23,878	11,328	(17,260)
NOPBT Margin	6.84%	3.37%
Operating Taxes	8,833	3,430	385
Tax Rate	36.99%	30.28%
NOPAT	15,045	7,898	(17,645)
Net income	3,916 10.59%	3,541 -110.97%	(32,273) -7.83%
Dividends
Dividend yield
Proceeds from repurchase of equity	13,520	1,428	7
BB yield	-33.51%	-4.34%	-0.02%
Debt
Debt current	132,428	44,344	47,789
Long-term debt	126,139	242,022	272,170
Deferred revenue		2,345	8,144
Other long-term liabilities	2,309	3,900	4,018
Net debt	236,075	269,187	305,825
Cash flow
Cash from operating activities	40,391	83,367	55,404
CAPEX	(23,969)	(16,099)	(18,229)
Cash from investing activities	15,859	(2,561)	(12,133)
Cash from financing activities	(51,741)	(75,110)	(50,319)
FCF	61,826	3,003	27,833
Balance
Cash	17,221	12,893	7,438
Long term investments	5,271	4,286	6,696
Excess cash	5,026	388	2,356
Stockholders' equity	93,773	73,797	68,678
Invested Capital	329,368	351,278	384,175
ROIC	4.42%	2.15%
ROCE	7.01%	3.17%
EV
Common stock shares outstanding	672,413	632,626	630,619
Price	0.06 15.38%	0.05 -14.75%	0.06 -20.78%
Market cap	40,345 22.64%	32,897 -14.48%	38,468 -20.61%
EV	275,613	301,413	343,465
EBITDA	74,424	61,760	30,166
EV/EBITDA	3.70	4.88	11.39
Interest	26,540	28,960	23,883
Interest/NOPBT	111.15%	255.65%