Company Valuation: HIAP SENG

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 6.075 6.075 6.075 13.5 31.35 62.71
Change - 0% 0% 122.18% 132.31% 100%
Enterprise Value (EV) 1 19.92 5.636 2.718 -0.6688 7.464 38.02
Change - -71.71% -51.77% -124.61% 1,215.95% 409.34%
P/E -1.21x 1.05x -2.38x 1x 4.38x 23.3x
PBR -0.28x -0.39x -0.35x 0.68x 1x 1.92x
PEG - -0x 0x -0x -0.1x -0.4x
Capitalization / Revenue 0.21x 0.23x 0.33x 0.54x 1.37x 2.57x
EV / Revenue 0.68x 0.21x 0.15x -0.03x 0.33x 1.56x
EV / EBITDA -4.16x 1.3x 4.19x -0.18x 1.24x 11.7x
EV / EBIT -2.19x 2.8x -2.38x -0.32x 1.54x 16.4x
EV / FCF 11.3x 0.84x 0.61x 0.03x 7.16x -16.1x
FCF Yield 8.84% 119% 164% 3,785% 14% -6.2%
Dividend per Share 2 - - - - - 0.0003
Rate of return - - - - - 2.14%
EPS 2 -0.0165 0.019 -0.008395 0.004 0.0016 0.0006
Distribution rate - - - - - 50%
Net sales 1 29.39 26.75 18.6 24.94 22.86 24.42
EBITDA 1 -4.79 4.334 0.648 3.643 5.997 3.247
EBIT 1 -9.096 2.014 -1.143 2.073 4.86 2.321
Net income 1 -5.017 5.781 -2.55 20.06 6.196 2.838
Net Debt 1 13.85 -0.439 -3.357 -14.17 -23.89 -24.69
Reference price 2 0.0200 0.0200 0.0200 0.0040 0.0070 0.0140
Nbr of stocks (in thousands) 303,750 303,750 303,750 3,374,292 4,479,265 4,479,265
Announcement Date 16/11/22 15/08/23 15/08/23 16/07/24 14/07/25 15/07/26
1SGD in Million2SGD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
59.18x2.67x25.56x0.07% 101B
13.79x1.15x6.32x4.24% 80.3B
34.96x4.4x23.9x0.19% 59.54B
26.83x2.07x20.36x1.13% 58.47B
54.46x4.65x29.24x1.52% 47.82B
31.55x0.77x12.82x1.96% 39.35B
24.94x1.71x15.74x0.19% 36.03B
25.6x0.52x8.23x2.31% 34.92B
4.43x0.29x5.47x6.31% 27.68B
Average 30.64x 2.03x 16.40x 1.99% 53.9B
Weighted average by Cap. 34.00x 2.24x 17.75x 1.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA