5173.KLSE Shin Yang Shipping Corporation Bhd
- Market cap
- MYR 835M
- P/E
- 5.5x
- P/B
- 0.53x
- ROE
- 9.5%
- Dividend yield
- 4.05%
- Fundamental score
- 3.9/5
Ratios use the latest price and the current fiscal year annualized from 4 quarters up to Jun 2026.
Is 5173.KLSE undervalued?
Graham number5173.KLSE trades 64.1% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Shin Yang Shipping Corporation Bhd fundamental analysis
19 of 22 checks passedROE 0/2
Low return on equity (9.5%), below 10%.
ROA 1/1
Return on assets (6.8%) is above the industry median (5.5%).
Profit Consistency 2/2
Profitable for 5 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (49.4%) is above the industry median (-20.6%).
Revenue Growth 2/2
Revenue grew 28.3% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (2.3%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 32.9x against interest expense, well covered.
PE vs Market 1/1
PE (5.5x) is below the market median (11.4x).
PE vs Industry 1/1
PE (5.5x) is below the industry median (10.5x).
PBV 1/1
Price to book (0.5x) is below the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 2.9, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (4.0%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 7 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 20.6%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
About Shin Yang Shipping Corporation Bhd
Shin Yang Group Berhad, an investment holding company, offers shipping, shipbuilding, and ship repair services in Malaysia and internationally. The company transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machineries, vehicles, metal plates, steel products, flour, spare parts, and other cargoes; general cargoes, including machineri…
Full company profileShin Yang Shipping Corporation Bhd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 4 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Shin Yang Shipping Corporation Bhd annual financial statements (MYR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 642M | 590M | 619M | 645M | 596M | 602M | 893M | 819M | 960M | 1.89B | 2.15B |
| Gross Profit | 80.3M | 40.8M | 46.4M | 1.11M | -52.9M | 35.9M | 191M | 87.6M | 135M | 256M | 209M |
| Operating Income | 42.3M | 35.1M | 43.8M | -66.3M | -140M | 30.1M | 160M | 40.0M | 84.9M | 161M | 161M |
| EBITDA | - | 130M | 131M | 33.7M | -36.8M | 121M | 251M | 283M | 224M | 320M | 289M |
| Net Income | 8.18M | 5.34M | 23.7M | -86.7M | -146M | 17.1M | 142M | 181M | 111M | 164M | 147M |
| EPS | 0.01 | 0.00 | 0.02 | -0.07 | -0.13 | 0.01 | 0.12 | 0.16 | 0.10 | 0.15 | 0.13 |
| Balance Sheet | |||||||||||
| Total Assets | 1.95B | 1.79B | 1.71B | 1.64B | 1.41B | 1.38B | 1.49B | 1.57B | 1.61B | 2.01B | 2.15B |
| Total Liabilities | 803M | 635M | 537M | 574M | 501M | 457M | 426M | 346M | 311M | 498M | 482M |
| Shareholders' Equity | 1.15B | 1.16B | 1.17B | 1.07B | 911M | 928M | 1.06B | 1.22B | 1.29B | 1.42B | 1.55B |
| Cash & Short-term Investments | 30.4M | 83.0M | 77.0M | 68.8M | 121M | 155M | 283M | 399M | 432M | 521M | 512M |
| Total Debt | 411M | 365M | 308M | 316M | 282M | 228M | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 115M | 215M | 195M | 79.2M | 82.1M | 132M | 218M | 273M | 139M | 225M | 199M |
| Capital Expenditure | 87.9M | 129M | 145M | 99.0M | 20.7M | 38.1M | 25.2M | 76.9M | 33.0M | 90.6M | 152M |
| Free Cash Flow | - | 86.4M | 49.9M | -19.8M | 61.3M | 94.1M | 193M | 207M | 106M | 135M | 47.5M |
| Ratios | |||||||||||
| ROE | 0.7% | 0.5% | 2.0% | -8.1% | -16.0% | 1.8% | 13.4% | 14.8% | 8.6% | 11.6% | 9.5% |
| ROA | 0.4% | 0.3% | 1.4% | -5.3% | -10.3% | 1.2% | 9.5% | 11.5% | 6.9% | 8.2% | 6.8% |
| Net Profit Margin | 1.3% | 0.9% | 3.8% | -13.4% | -24.5% | 2.8% | 15.9% | 22.1% | 11.5% | 8.7% | 6.8% |
| Debt to Equity | 0.36x | 0.32x | 0.26x | 0.30x | 0.31x | 0.25x | - | - | - | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Shin Yang Shipping Corporation Bhd dividends
- Dividend yield
- 4.05%
- Forward dividend
- 0.05 MYR
- Payout ratio
- 20.6%
- Ex-dividend date
- Dec 3, 2025
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 33.8M | 0.03 | 20.6% |
| 2024 | MYR 34.0M | 0.03 | 30.7% |
| 2023 | MYR 14.3M | 0.01 | 7.9% |
| 2022 | MYR 14.3M | 0.01 | 10.1% |
| 2021 | MYR 14.3M | 0.01 | 83.9% |
| 2020 | MYR 14.3M | 0.01 | - |
| 2019 | MYR 120K | 0.00 | - |
| 2018 | - | - | - |
| 2017 | - | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Shin Yang Shipping Corporation Bhd
- Insiders 85.43%
- Institutions 4.12%
- Public & others 10.45%
- Shares outstanding 1.18B
- Free float 146M
Shin Yang Shipping Corporation Bhd company profile
- Company name
- Shin Yang Shipping Corporation Bhd
- Ticker
- 5173.KLSE
- ISIN
- MYL5173OO009
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Marine Transportation
- Fiscal year end
- June
- Address
- Sublot 153 (Parent Lot 70), Miri, Malaysia, 98100
- Phone
- 60 8 542 8399
- Website
- shinyanggroup.com.my
About Shin Yang Shipping Corporation Bhd
Shin Yang Group Berhad, an investment holding company, offers shipping, shipbuilding, and ship repair services in Malaysia and internationally. The company transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machineries, vehicles, metal plates, steel products, flour, spare parts, and other cargoes; general cargoes, including machineries, timber and steel products, and others; and aggregates comprising limestone, quarry, armour rocks, core, gabbro, and clinker, as well as charters and ships. It also builds tugboats, cargo vessels, anchor handling tugs, navy training vessels, landing crafts, platform supply vessels, workboats, barges, seismic support vessels, floating docks, pneumatic cement carriers, and escort tugs. In addition, the company offers ship repair services, such as slipways and floating dock, berthing and lay up, and pilot tug and towing; general services; zinc anode renewal and supply; hydraulic testing; load test; steering gear and rudder assembly repair; propeller, shaft, and stern tube seal repair; anchor chain and anchor works; chain locker cleaning; aluminum/steel hull repair and renewal; tanks cleaning; sea chest and piping renewal; valve service and supply; schedule waste disposal; engine and generator overhaul; supply UV monitoring repair; electrical system test; and wiring, cleaning, and repair services. Further, it fabricates steel structures, frames, and parts for metal bridges, factories and warehouses, and jetties; metal buoy; and helideck, as well as engages in property holding business. The company was formerly known as Shin Yang Shipping Corporation Berhad and changed its name to Shin Yang Group Berhad in July 2023. The company was incorporated in 2004 and is headquartered in Miri, Malaysia. Shin Yang Group Berhad is a subsidiary of Shin Yang Holding Sendirian Berhad.
Shin Yang Shipping Corporation Bhd management
10- Mr. Chiong Ho LingGroup Executive Chairman · born 1952
- Mr. Lu Kiong LingGroup Executive Vice Chairman · born 1981
- Mr. Chiong Sing LingGroup MD & Director · born 1956
- Mr. Chiong Pin LingExecutive Director · born 1954
- Mr. Peng Liing LingCEO & Company Secretary · born 1966
- Ms. Jee Haw WongCFO & Joint Secretary · born 1983
- Mr. James Sadasivan JeremiahChief Operating Officer · born 1978
- Mr. Ee Seng LingAdministrative Manager · born 1980
- Ms. Mei Nah LauLegal Counsel · born 1965
- Mr. Teck Kwang ChooChief Procurement Officer · born 1969