Company Valuation: HRnetGroup Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 808 778.3 703.8 666.5 741.8 713.9 - -
Change - -3.68% -9.58% -5.3% 11.31% -3.77% - -
Enterprise Value (EV) 481 493.8 432.2 408.1 741.8 713.9 713.9 713.9
Change - 2.66% -12.47% -5.58% 81.79% -3.77% 0% 0%
P/E 12.3x 11.6x 11.1x 15x 14.4x 15x 13.4x 12x
PBR 2.18x 2.15x 1.87x 1.76x 1.85x 1.73x 1.69x 1.64x
PEG - 3.44x -2.42x -0.5x 1x -1.96x 1.1x 1x
Capitalization / Revenue 1.37x 1.27x 1.22x 1.18x 1.27x 1.19x 1.12x 1.04x
EV / Revenue 0x 0x 0x 0x 0x 1.19x 1.12x 1.04x
EV / EBITDA 0x 0x 0x 0x 0x 11.6x 10.7x 9.72x
EV / EBIT 0x 0x 0x 0x 0x 12.8x 11.7x 10.9x
EV / FCF 0x 0x 0x 0x 0x 13.2x 12.5x 11.8x
FCF Yield 6.35% 9.47% 7.87% 7.42% 7.01% 7.58% 8.01% 8.47%
Dividend per Share 2 0.03 0.04 0.04 0.04 0.042 0.0428 0.0438 0.0437
Rate of return 3.73% 5.1% 5.59% 5.88% 5.6% 5.94% 6.08% 6.07%
EPS 2 0.0653 0.0675 0.0644 0.0453 0.0521 0.0481 0.0538 0.06
Distribution rate 45.9% 59.3% 62.1% 88.3% 80.6% 88.8% 81.4% 72.8%
Net sales 1 590.5 611.8 578.5 567 584 602.4 639.5 685.3
EBITDA 1 82.67 95.41 86.39 64.43 70.18 61.72 66.84 73.43
EBIT 1 81.47 87.18 78.47 56.63 63.31 55.72 60.76 65.23
Net income 1 65.49 67.54 63.56 44.52 51.19 47.66 52.39 57.53
Net Debt -327.1 -284.6 -271.6 -258.4 - - - -
Reference price 2 0.8050 0.7850 0.7150 0.6800 0.7500 0.7200 0.7200 0.7200
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.07x - - 5.9% 565M
23.39x4.81x16.08x2.5% 114B
20.82x0.36x9.03x4.09% 8.24B
13.4x0.28x7.68x4.06% 5.16B
35.59x0.79x16.46x5.23% 4.56B
14.26x0.35x5.66x4.3% 4.21B
72.91x3.12x11x-.--% 3.61B
20.85x0.19x8.2x2.17% 2.93B
12.88x - - 4% 1.44B
26.22x3.47x17.01x-.--% 1.11B
Average 25.54x 1.67x 11.39x 3.22% 14.55B
Weighted average by Cap. 24.07x 3.98x 14.80x 2.72%

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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