Professional
Added to YB: 2024-05-21
Pitch date: 2024-05-19
G50.SI [bullish]
Grand Banks Yachts Limited
+120.22%
current return
Author Info
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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 107.3M
Pitch Price
SGD 0.37
Price Target
N/A
Dividend
2.61%
EV/EBITDA
2.78
P/E
6.01
EV/Sales
0.52
Sector
Machinery
Category
value
Idea Brunch with Roger Fan of RF Capital - Grand Banks Yachts Limited
G50.SI: Luxury yacht maker trading at 0.55x P/S, 1.23x EV/EBITDA, 5.33x P/E. 9M FY24 net profit +92.8% YoY, revenue +20.7%, gross margin 38% vs 28.3%. $122.2M order book, Malaysian expansion +25% capacity. Risks: softer demand, rising costs, cyclical. Upside: strong financials, CEO owns 6%.
Read full article (3 min)