Company Valuation: HIAP SENG

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 6.075 6.075 6.075 6.075 13.5 31.35
Change - 0% 0% 0% 122.18% 132.31%
Enterprise Value (EV) 1 35.04 19.92 5.636 2.718 -0.6688 7.464
Change - -43.13% -71.71% -51.77% -124.61% 1,215.95%
P/E -0.26x -1.21x 1.05x -2.38x 1x 4.38x
PBR -0.35x -0.28x -0.39x -0.35x 0.68x 1x
PEG - 0x -0x 0x -0x -0.1x
Capitalization / Revenue 0.04x 0.21x 0.23x 0.33x 0.54x 1.37x
EV / Revenue 0.23x 0.68x 0.21x 0.15x -0.03x 0.33x
EV / EBITDA -1.83x -4.16x 1.3x 4.19x -0.18x 1.24x
EV / EBIT -1.4x -2.19x 2.8x -2.38x -0.32x 1.54x
EV / FCF 22.4x 11.3x 0.84x 0.61x 0.03x 7.16x
FCF Yield 4.47% 8.84% 119% 164% 3,785% 14%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0784 -0.0165 0.019 -0.008395 0.004 0.0016
Distribution rate - - - - - -
Net sales 1 149.6 29.39 26.75 18.6 24.94 22.86
EBITDA 1 -19.15 -4.79 4.334 0.648 3.643 5.997
EBIT 1 -25.06 -9.096 2.014 -1.143 2.073 4.86
Net income 1 -23.81 -5.017 5.781 -2.55 20.06 6.196
Net Debt 1 28.96 13.85 -0.439 -3.357 -14.17 -23.89
Reference price 2 0.0200 0.0200 0.0200 0.0200 0.0040 0.0070
Nbr of stocks (in thousands) 303,750 303,750 303,750 303,750 3,374,292 4,479,265
Announcement Date 11/16/22 11/16/22 8/15/23 8/15/23 7/16/24 7/14/25
1SGD in Million2SGD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
65.05x2.81x27.51x0.07% 94.32B
13.09x1.06x5.81x4.48% 71.3B
38.8x4.75x26.33x0.17% 58.83B
25.27x1.93x18.78x1.23% 54.5B
55.39x4.6x29.44x1.64% 45.98B
33.09x0.78x13.13x1.92% 39.23B
27.88x0.54x8.68x2.14% 35.71B
25.4x1.65x15.86x0.19% 33.07B
4.66x0.29x6.25x6.11% 27.62B
Average 32.07x 2.05x 16.86x 2% 51.17B
Weighted average by Cap. 35.91x 2.28x 18.36x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA