Latest news with #GrandBanksYachts
Yahoo
02-06-2025
- Business
- Yahoo
Is Now The Time To Put Grand Banks Yachts (SGX:G50) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Grand Banks Yachts (SGX:G50). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Grand Banks Yachts with the means to add long-term value to shareholders. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Over the last three years, Grand Banks Yachts has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. As a result, we'll zoom in on growth over the last year, instead. Grand Banks Yachts' EPS skyrocketed from S$0.073 to S$0.12, in just one year; a result that's bound to bring a smile to shareholders. That's a impressive gain of 62%. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. The good news is that Grand Banks Yachts is growing revenues, and EBIT margins improved by 5.1 percentage points to 21%, over the last year. Both of which are great metrics to check off for potential growth. You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart. View our latest analysis for Grand Banks Yachts Since Grand Banks Yachts is no giant, with a market capitalisation of S$90m, you should definitely check its cash and debt before getting too excited about its prospects. Seeing insiders owning a large portion of the shares on issue is often a good sign. Their incentives will be aligned with the investors and there's less of a probability in a sudden sell-off that would impact the share price. So we're pleased to report that Grand Banks Yachts insiders own a meaningful share of the business. Owning 38% of the company, insiders have plenty riding on the performance of the the share price. This should be a welcoming sign for investors because it suggests that the people making the decisions are also impacted by their choices. To give you an idea, the value of insiders' holdings in the business are valued at S$35m at the current share price. That's nothing to sneeze at! For growth investors, Grand Banks Yachts' raw rate of earnings growth is a beacon in the night. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in Grand Banks Yachts' continuing strength. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. We don't want to rain on the parade too much, but we did also find 4 warning signs for Grand Banks Yachts (1 doesn't sit too well with us!) that you need to be mindful of. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of Singaporean companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Is Now The Time To Put Grand Banks Yachts (SGX:G50) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Grand Banks Yachts (SGX:G50). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Grand Banks Yachts with the means to add long-term value to shareholders. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Over the last three years, Grand Banks Yachts has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. As a result, we'll zoom in on growth over the last year, instead. Grand Banks Yachts' EPS skyrocketed from S$0.073 to S$0.12, in just one year; a result that's bound to bring a smile to shareholders. That's a impressive gain of 62%. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. The good news is that Grand Banks Yachts is growing revenues, and EBIT margins improved by 5.1 percentage points to 21%, over the last year. Both of which are great metrics to check off for potential growth. You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart. View our latest analysis for Grand Banks Yachts Since Grand Banks Yachts is no giant, with a market capitalisation of S$90m, you should definitely check its cash and debt before getting too excited about its prospects. Seeing insiders owning a large portion of the shares on issue is often a good sign. Their incentives will be aligned with the investors and there's less of a probability in a sudden sell-off that would impact the share price. So we're pleased to report that Grand Banks Yachts insiders own a meaningful share of the business. Owning 38% of the company, insiders have plenty riding on the performance of the the share price. This should be a welcoming sign for investors because it suggests that the people making the decisions are also impacted by their choices. To give you an idea, the value of insiders' holdings in the business are valued at S$35m at the current share price. That's nothing to sneeze at! For growth investors, Grand Banks Yachts' raw rate of earnings growth is a beacon in the night. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in Grand Banks Yachts' continuing strength. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. We don't want to rain on the parade too much, but we did also find 4 warning signs for Grand Banks Yachts (1 doesn't sit too well with us!) that you need to be mindful of. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of Singaporean companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
19-05-2025
- Business
- Business Times
Grand Banks Yachts Q3 profit falls 42.4% to S$2.3 million on weaker margins, higher costs
[SINGAPORE] Grand Banks Yachts posted a 42.4 per cent drop in net profit to S$2.3 million for the third quarter ended Mar 31, from about S$4.0 million in the corresponding quarter in the year before. This decline came mainly from its having sold more lower-margin trade-in boats, along with higher costs from product enhancements, the mainboard-listed luxury recreational motor yacht manufacturer said in a regulatory filing on Monday (May 19). The company's net profit for the first nine months of FY2025 dropped 9.7 per cent to $9.9 million, from S$10.9 million in the same period last year. Revenue for the third quarter rose 37.8 per cent to S$40.1 million, from S$29.1 million the year before. For the first nine months of FY2025, revenue grew by 14 per cent to S$107.3 million, up from S$94.1 million recorded in the same period last year. Grand Banks attributed this growth to an increase in boat-building activity. Grand Banks secured 11 new boat orders in the latest quarter, comprising seven build-to-order units, two trade-ins, one pre-owned vessel, and one stock boat. This brings total orders for the first nine months of FY2025 to 26. Its net order book stood at S$119.5 million as at end-March, up 8.8 per cent from S$109.8 million at end-December 2024. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Grand Banks said its balance sheet remains healthy, with cash on hand rising 24.2 per cent to S$51.4 million as at Mar 31, up from S$41.4 million at end-December last year. Looking ahead, Grand Banks said it is monitoring the implications of the reciprocal tariffs from the US, and its potential impact on business. Notwithstanding the current geopolitical and economic challenges, Basil Chan, chairman of Grand Banks, said the company continues to implement growth initiatives and invest for the longer term; he expressed confidence that it can deliver long-term shareholder value. For instance, to capitalise on the growing demand for its boats, Grand Banks unveiled a new composite manufacturing facility in Pasir Gudang in Johor in March to support the construction of larger, sleeker, and more energy-efficient yachts, and to cut waiting time for its customers. Grand Banks has also proposed acquiring two properties in Newport, Rhode Island – a premier US boating destination and its largest market – to enhance customer experience and bolster the company's sales and after-sales capabilities in the US' north-east. An extraordinary general meeting will be held in June to seek shareholders' approval for these acquistions. Grand Bank's chief executive officer Mark Richards added that these investments 'will lay the groundwork to meet future demand'. Shares of Grand Bank Yachts closed 6.5 per cent or S$0.035 lower at S$0.50 on Monday.
