Added to YB: 2025-11-24
Pitch date: 2025-11-23
G50.SI [bullish]
Grand Banks Yachts Limited
Author Info
No bio for this author
Company Info
Grand Banks Yachts Limited, together with its subsidiaries, manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia.
Market Cap
SGD 126.9M
Pitch Price
N/A
Price Target
N/A
Dividend
2.21%
EV/EBITDA
5.59
P/E
9.51
EV/Sales
0.83
Sector
Machinery
Category
value
Grand Banks Yachts (G50.SI)
G50.SI: Yacht builder grew rev 4x since 2015 under CEO Mark Richards. FY25 orders +110% YoY (+175% H2) vs peers declining. Expanding US/EU sales presence via marinas. Shifted to larger 20m+ yachts for less cyclical demand. 25% factory expansion+robots boost efficiency. 30-35% gross margins, ~20% ROIC. Trading <6x cash-adj P/E. Est FY26 EPS 22mSGD on 22% rev growth. PT 1.35-1.58 SGD (10-12x fwd). Risks: margin pressure, macro downturn.
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