Financials HRnetGroup Limited

Equities

Market Closed - Singapore S.E. Other stock markets 03:42:19 2024-04-30 EDT			5-day change	1st Jan Change
0.71 ^SGD	-.--%		+0.71%	-0.70%

05-01	HRnet Group Repurchases More Shares	MT
04-30	HRnetGroup Buys Back More Shares Under New Mandate	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	629.4	546.5	808	778.3	703.8	702.1	-	-
Enterprise Value (EV) ¹	354.7	207.3	481	493.8	432.2	412.7	396.7	379.7
P/E ratio	12.2 x	11.7 x	12.3 x	11.6 x	11.1 x	12.8 x	12.5 x	11.5 x
Yield	4.48%	4.59%	3.73%	5.1%	5.59%	5.59%	5.59%	5.59%
Capitalization / Revenue	1.49 x	1.26 x	1.37 x	1.27 x	1.22 x	1.2 x	1.16 x	1.13 x
EV / Revenue	0.84 x	0.48 x	0.81 x	0.81 x	0.75 x	0.7 x	0.66 x	0.61 x
EV / EBITDA	5.39 x	3.53 x	5.82 x	5.18 x	5 x	5.81 x	5.36 x	4.88 x
EV / FCF	6.11 x	1.99 x	9.37 x	6.7 x	-	6.23 x	5.81 x	5.41 x
FCF Yield	16.4%	50.2%	10.7%	14.9%	-	16%	17.2%	18.5%
Price to Book	1.9 x	1.65 x	2.18 x	2.15 x	1.87 x	1.79 x	1.68 x	1.59 x
Nbr of stocks (in thousands)	1,007,073	1,002,672	1,003,773	991,512	984,281	981,955	-	-
Reference price ²	0.6250	0.5450	0.8050	0.7850	0.7150	0.7150	0.7150	0.7150
Announcement Date	20-02-27	21-02-26	22-02-24	23-02-23	24-02-22	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	423.1	433	590.5	611.8	578.5	587.2	603.8	623.6
EBITDA ¹	65.76	58.74	82.67	95.41	86.39	71	74.03	77.73
EBIT ¹	64.39	57.27	81.47	87.18	78.47	63.93	66.93	70.57
Operating Margin	15.22%	13.23%	13.8%	14.25%	13.56%	10.89%	11.08%	11.32%
Earnings before Tax (EBT) ¹	68.37	59.04	84.78	86.76	78.02	71.8	74.43	77.7
Net income ¹	51.6	46.86	65.49	67.54	63.56	57.9	59.92	62.8
Net margin	12.2%	10.82%	11.09%	11.04%	10.99%	9.86%	9.92%	10.07%
EPS ²	0.0512	0.0467	0.0653	0.0675	0.0644	0.0557	0.0570	0.0620
Free Cash Flow ¹	58.02	104.1	51.3	73.7	-	66.22	68.26	70.22
FCF margin	13.71%	24.05%	8.69%	12.05%	-	11.28%	11.31%	11.26%
FCF Conversion (EBITDA)	88.23%	177.25%	62.06%	77.25%	-	93.26%	92.21%	90.33%
FCF Conversion (Net income)	112.43%	222.18%	78.34%	109.13%	-	114.37%	113.93%	111.81%
Dividend per Share ²	0.0280	0.0250	0.0300	0.0400	0.0400	0.0400	0.0400	0.0400
Announcement Date	20-02-27	21-02-26	22-02-24	23-02-23	24-02-22	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	275	339	327	285	272	289	305	322
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	58	104	51.3	73.7	-	66.2	68.3	70.2
ROE (net income / shareholders' equity)	15.5%	14.1%	18.7%	18.5%	17.2%	14.4%	14.2%	14.2%
ROA (Net income/ Total Assets)	12.5%	10.8%	13.3%	13.3%	13.2%	11.3%	11.2%	11.2%
Assets ¹	413.3	435.8	491.3	507.1	482	514.6	537.4	563.3
Book Value Per Share ²	0.3300	0.3300	0.3700	0.3700	0.3800	0.4000	0.4300	0.4500
Cash Flow per Share	0.0600	0.1000	-	0.0800	-	-	-	-
Capex ¹	1.28	1.23	1.38	1.54	2.2	1.48	1.47	1.48
Capex / Sales	0.3%	0.28%	0.23%	0.25%	0.38%	0.25%	0.24%	0.24%
Announcement Date	20-02-27	21-02-26	22-02-24	23-02-23	24-02-22	-	-	-

¹SGD in Million²SGD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.715 SGD

Average target price

0.83 SGD

Spread / Average Target

+16.08%

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