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Grand Banks Yachts Limited (G50) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 134M SGD

GB Grand Banks Yachts Limited G50 · SG
Price0.7300 SGD
Fair Value1.93 SGD
Upside+164.4%
Quality55/100
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Healthy Growth
Thin margins · 8.2% net margin
Low debt · generates free cash flow
2.08% dividend yield
Ranks above peers (11/14)
Narrow moat 44/100
Evidence: High Range 1.16 SGD – 2.42 SGD Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

A solid business, screening 164% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.16 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.16 SGD to 2.42 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.8686 SGD 0.2338 SGD Fair Value 1.93 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range 0.2338 SGD – 0.8686 SGD · fair‑value band 1.16 SGD – 2.42 SGD · the 0.7300 SGD price screens below the 1.93 SGD fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Grand Banks Yachts Limited (G50) currently trades at 0.7300 SGD, while our model-based Fair Value estimate is 1.93 SGD, implying the stock looks roughly 164.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Grand Banks Yachts Limited generated revenue of 166M SGD at a net margin of 8.2%. Revenue grew 6.2% year over year. It earns a return on equity of 13.5%. Net debt stands at 5.0M SGD. Fundamentals as of Aug 9, 2026

Our scenario range runs from 1.16 SGD (bear case) to 2.42 SGD (bull case); at 0.7300 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 52% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 164%, G50 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 0.8100 SGD 1.26 SGD 1.85 SGD 80
Residual Income 0.5300 SGD 0.6700 SGD 1.56 SGD 76
Rev-Margin DCF 0.8600 SGD 1.43 SGD 2.22 SGD 74
All 24 models by family
DCF Models
FCF DCF 0.8300 SGD 1.27 SGD 2.17 SGD 38
Owner Earnings 0.4500 SGD 0.6700 SGD 1.02 SGD 31
5Y Revenue Exit 0.8600 SGD 1.45 SGD 2.29 SGD 39
5Y EBITDA Exit 1.24 SGD 2.30 SGD 3.70 SGD 41
5Y P/E Exit 1.33 SGD 2.48 SGD 3.89 SGD 38
10Y Revenue Exit 0.8100 SGD 1.33 SGD 2.19 SGD 36
10Y EBITDA Exit 1.06 SGD 1.89 SGD 3.27 SGD 37
10Y P/E Exit 1.11 SGD 2.00 SGD 3.41 SGD 35
Earnings-Based
Graham-Dodd 0.6600 SGD 3.81 SGD 5.30 SGD 54
Lynch FV 1.07 SGD 1.53 SGD 1.99 SGD 50
PEG = 1.0 1.07 SGD 1.53 SGD 1.99 SGD 46
EPV 0.9100 SGD 1.00 SGD 1.08 SGD 59
Multiples
P/E Multiple 1.61 SGD 2.15 SGD 2.69 SGD 63
P/S Multiple 0.7800 SGD 1.04 SGD 1.30 SGD 58
P/B Multiple 1.25 SGD 1.66 SGD 2.08 SGD 55
EV/EBIT 1.93 SGD 2.52 SGD 3.11 SGD 53
EV/EBITDA 1.62 SGD 2.11 SGD 2.59 SGD 54
EV/Revenue 0.8800 SGD 1.19 SGD 1.51 SGD 43
Asset-Based
NCAV (Graham) 0.2700 SGD 0.3700 SGD 0.5500 SGD 50
Growth DCF
Growth DCF 0.8100 SGD 1.26 SGD 1.85 SGD 80
Rev-Margin DCF 0.8600 SGD 1.43 SGD 2.22 SGD 74
Economic Profit
Residual Income 0.5300 SGD 0.6700 SGD 1.56 SGD 76
ROIC Compounder 1.01 SGD 1.25 SGD 1.53 SGD 72
Growth Earnings
Growth-Adj P/E 1.63 SGD 2.32 SGD 3.02 SGD 68

Widest divergence: Growth Earnings (2.32 SGD) versus Asset-Based (0.3700 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 166M SGD
Revenue growth (YoY) +6.2%
Net margin 8.2%
Return on equity 13.5%
Free cash flow 12.6M SGD FY2025
P/E ratio 10.3
More key figures
Operating margin 7.3%
EPS (TTM) 0.0700 SGD
Dividend yield 2.1%
EPS growth (YoY) -61.1%
Net debt 5.0M SGD FY2019

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 59 · Market factors (momentum, volatility) 66

Profitability 59
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Grand Banks Yachts Limited, together with its subsidiaries, manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia. The company offers its yachts under the Grand Banks, Eastbay, and Palm Beach brand names.

Full company description

Grand Banks Yachts Limited, together with its subsidiaries, manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia. The company offers its yachts under the Grand Banks, Eastbay, and Palm Beach brand names. It also engages in the boat brokerage and servicing activities; sells stock boats, trade-in boats, and parts; and owns properties and marinas. In addition, the company involved in investment holding and employment activities. Grand Banks Yachts Limited was founded in 1956 and is headquartered in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grand Banks Yachts Limited reported revenue of 162M SGD in FY2025 versus 96.1M SGD in FY2021, a compound +14.0%/yr. Reported net income was 18.2M SGD in FY2025, compounding +44.1%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
162M SGD
Latest YoY
+21.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.5%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.5%
Revenue +14.0%/yr
FY21 96.1M SGD
FY22 75.2M SGD
FY23 114M SGD
FY24 134M SGD
FY25 162M SGD
Net income +44.1%/yr
FY21 4.2M SGD
FY22 4.0M SGD
FY23 10.1M SGD
FY24 21.4M SGD
FY25 18.2M SGD

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Cite: Fair Value Calculator (2026). "Grand Banks Yachts Limited Fair Value". https://www.fairvalue-calculator.com/stock/G50

Peer Group

Leisure · 190 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +164% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than 75% of peers
P/B 1.03× · Cheaper than median
P/S (TTM) 0.63× · Cheaper than median
P/FCF 8.3× · Pricier than median
EV/EBITDA 3.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 14
FUTURE 31 · sector 18
PAST 54 · sector 19
HEALTH 88 · sector 94
DIVIDEND 42 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Grand Banks Yachts Limited (G50) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of 1.93 SGD versus a price of 0.7300 SGD, about +164% (undervalued).
What is the fair value of G50?
Our model-based fair value for Grand Banks Yachts Limited is 1.93 SGD (as of Aug 9, 2026), built from audited fundamentals. The current price is 0.7300 SGD.
What is the quality score of G50?
Grand Banks Yachts Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Grand Banks Yachts Limited (G50)?
Grand Banks Yachts Limited reported trailing-twelve-month revenue of about 166M SGD (latest available figure, as of Aug 9, 2026).
What is the net profit margin of G50?
The net profit margin of Grand Banks Yachts Limited is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.
Does Grand Banks Yachts Limited pay a dividend?
Grand Banks Yachts Limited currently shows a dividend yield of about 2.08% relative to its recent price (as of Aug 9, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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