Company Valuation: HRnetGroup Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 808 778.3 703.8 666.5 741.8 733.7 - -
Change - -3.68% -9.58% -5.3% 11.31% -1.09% - -
Enterprise Value (EV) 481 493.8 432.2 408.1 741.8 733.7 733.7 733.7
Change - 2.66% -12.47% -5.58% 81.79% -1.09% 0% 0%
P/E 12.3x 11.6x 11.1x 15x 14.4x 14.3x 13.1x 12.3x
PBR 2.18x 2.15x 1.87x 1.76x 1.85x 1.76x 1.7x 1.63x
PEG - 3.44x -2.42x -0.5x 1x -15.52x 1.39x 1.81x
Capitalization / Revenue 1.37x 1.27x 1.22x 1.18x 1.27x 1.2x 1.12x 1.03x
EV / Revenue 0x 0x 0x 0x 0x 1.2x 1.12x 1.03x
EV / EBITDA 0x 0x 0x 0x 0x 11.6x 10.6x 9.62x
EV / EBIT 0x 0x 0x 0x 0x 12.8x 11.7x 10.8x
EV / FCF 0x 0x 0x 0x 0x 13.4x 12.7x 12x
FCF Yield 6.35% 9.47% 7.87% 7.42% 7.01% 7.44% 7.86% 8.31%
Dividend per Share 2 0.03 0.04 0.04 0.04 0.042 0.0424 0.043 0.0443
Rate of return 3.73% 5.1% 5.59% 5.88% 5.6% 5.73% 5.81% 5.99%
EPS 2 0.0653 0.0675 0.0644 0.0453 0.0521 0.0516 0.0565 0.0603
Distribution rate 45.9% 59.3% 62.1% 88.3% 80.6% 82.1% 76.1% 73.5%
Net sales 1 590.5 611.8 578.5 567 584 611.6 652.5 709
EBITDA 1 82.67 95.41 86.39 64.43 70.18 63.25 68.93 76.28
EBIT 1 81.47 87.18 78.47 56.63 63.31 57.22 62.56 68
Net income 1 65.49 67.54 63.56 44.52 51.19 50.37 54.68 60.96
Net Debt -327.1 -284.6 -271.6 -258.4 - - - -
Reference price 2 0.8050 0.7850 0.7150 0.6800 0.7500 0.7400 0.7400 0.7400
Nbr of stocks (in thousands) 1,003,773 991,512 984,281 980,083 989,099 991,494 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/26/25 2/25/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.24x - - 5.77% 565M
21.81x4.44x15.15x2.73% 96.7B
14.6x0.27x6.88x5.77% 5.73B
9.34x0.23x6.14x5.52% 3.73B
12.47x0.29x4.79x5.09% 3.53B
83.37x3.02x10.64x-.--% 3.35B
24.63x0.54x10.99x7.31% 3.26B
14.34x0.14x6.23x3.73% 1.8B
12.58x - - 4.1% 1.4B
7.28x - - 6.89% 1.05B
Average 21.47x 1.28x 8.69x 4.69% 12.11B
Weighted average by Cap. 22.21x 3.77x 13.77x 3.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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