Hiap Hoe Ltd. (5JK) AI Stock Analysis

• Market Cap: S$263.51M
• Dividend Yield: 1.34%
• Average Volume (3M): 55.98K
• Price to Earnings (P/E): 40.0
• Beta (1Y): -0.04
• Revenue Growth: 12.04%
• EPS Growth: 18.64%
• Country: SG
• Employees: 340
• Sector: Real Estate
• Sector Strength: 57
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 474,557,400
• 10 Day Avg. Volume: 69,860
• 30 Day Avg. Volume: 55,980
• PEG Ratio: 8.54
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 84.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.50
• Price Target Upside: -12.28% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: S$0.50 ▼(-12.28%Downside)

Hiap Hoe Ltd. shows strong operational efficiency with solid financial fundamentals and a stable technical outlook. However, high valuation metrics raise concerns about potential overvaluation, while fluctuations in profitability and free cash flow growth suggest room for improvement. The absence of earnings call insights limits the assessment of the company's future prospects.

Hiap Hoe Ltd. Business Overview & Revenue Model

Company Description

Hiap Hoe Ltd. (5JK) is a leading real estate company based in Singapore, primarily engaged in property development, investment, and management. The company operates across various sectors including residential, commercial, and hospitality. Hiap Hoe Ltd. is known for its distinctive and high-quality developments that contribute to the urban landscapes of the regions it operates in.

How the Company Makes Money

Hiap Hoe Ltd. generates revenue through a diversified model focusing on property development, property investment, and hospitality management. The company earns income from the sale of residential and commercial properties that it develops, which is a primary revenue stream. Additionally, Hiap Hoe Ltd. owns and manages a portfolio of investment properties that provide rental income and potential capital appreciation. The company is also involved in the hospitality sector, operating hotels that contribute to its revenue through room bookings, events, and associated services. Strategic partnerships with other developers and investment firms enhance its project delivery and financial outcomes, while market demand, property valuation trends, and occupancy rates are significant factors influencing its earnings.

Hiap Hoe Ltd. Financial Statement Overview

Summary

Hiap Hoe Ltd. demonstrates strong operational efficiency with robust gross and EBIT margins. The balance sheet reflects a stable financial position with moderate leverage. However, the company faces challenges in consistently translating operational success into net profitability and positive equity returns. Cash flow management is generally sound, but variability in free cash flow growth warrants careful attention. Overall, the company is on a stable financial trajectory with room for improvement in profitability and liquidity management.

Income Statement

The company has shown a strong gross profit margin with consistent gross profit growth over the years, indicating efficient core operations. The revenue growth rate has been positive, and EBIT margin improvements are notable, showcasing enhanced operational efficiency. However, net profit margins remain volatile, with occasional losses, suggesting challenges in cost management or non-operational expenses impacting net income.

Balance Sheet

Hiap Hoe Ltd. maintains a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging. The equity ratio is stable, indicating a solid asset base funded by equity, which is reassuring for long-term stability. However, the return on equity has been inconsistent, with some periods of negative returns, highlighting concerns over profitability and efficient use of equity.

Cash Flow

The company's cash flow from operations is healthy, with consistent positive free cash flow, suggesting good cash management. The operating cash flow to net income ratio is favorable, reflecting effective conversion of earnings to cash. However, free cash flow growth has been uneven, and capital expenditures sometimes exceed operating cash flow, indicating potential liquidity constraints.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	111.89M	111.89M	119.40M	93.69M	79.55M
Gross Profit	40.28M	77.86M	116.10M	89.88M	75.26M
EBITDA	77.05M	77.08M	31.09M	72.38M	10.07M
Net Income	6.57M	5.56M	-22.00M	21.20M	-36.71M
Balance Sheet
Total Assets	1.59B	1.59B	1.57B	1.63B	1.59B
Cash, Cash Equivalents and Short-Term Investments	468.16M	354.08M	316.05M	345.14M	302.06M
Total Debt	768.30M	759.27M	743.99M	772.17M	754.21M
Total Liabilities	871.94M	866.38M	848.31M	872.80M	852.36M
Stockholders Equity	715.12M	719.74M	718.45M	752.51M	737.45M
Cash Flow
Free Cash Flow	2.94M	5.59M	43.17M	28.32M	18.04M
Operating Cash Flow	37.70M	30.30M	45.52M	29.66M	19.55M
Investing Cash Flow	24.61M	-11.31M	17.36M	-29.32M	8.77M
Financing Cash Flow	-50.56M	-25.55M	-54.85M	3.93M	-29.53M

Hiap Hoe Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5JK, the sentiment is Positive. The current price of 0.57 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.53, and above the 200-day MA of 0.54, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.84 is Neutral, neither overbought nor oversold. The STOCH value of 84.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5JK.

Hiap Hoe Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B61	76 Outperform	€1.13B	9.92	7.43%	3.65%	-2.18%	61.33%
LJ3	69 Neutral	€789.49M	―	-8.35%	1.74%	3.76%	-480.94%
F1E	68 Neutral	S$321.38M	155.36	0.35%	3.37%	31.28%	―
O10	66 Neutral	€603.86M	10.19	4.28%	3.25%	4.49%	-10.72%
Sector *	65 Neutral	$2.04B	17.22	2.45%	5.04%	0.60%	-0.30%
5IC	64 Neutral	S$158.39M	16.19	3.08%	2.53%	102.45%	22.61%
5JK	61 Neutral	S$263.51M	40.00	0.92%	1.34%	12.04%	18.64%

Hiap Hoe Ltd. Corporate Events

Hiap Hoe Ltd. Cancels Treasury Shares to Boost Shareholder Value

Hiap Hoe Ltd. has announced the cancellation of 3,999,850 treasury shares, which were previously held as excess and unutilized. This move is aimed at enhancing shareholder value by reducing the number of issued ordinary shares, effectively increasing the value of remaining shares. The cancellation represents 0.843% of the total issued ordinary shares before the cancellation and brings the treasury shares to zero, indicating a strategic decision to optimize capital structure.

Hiap Hoe Limited Conducts Annual General Meeting

Hiap Hoe Limited held its Annual General Meeting on April 30, 2025, at Aloft Singapore Novena, with key company directors and shareholders in attendance. The meeting included a presentation by CEO Mr. Marc Teo on the company’s business and financial performance, followed by a Q&A session where shareholders raised questions about the company’s operations.