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HRnetGroup Ltd.
(SGX:CHZ)
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Rating:71Outperform
Price Target:
S$0.82
â–˛(10.54% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial stability (very low leverage) and generally good cash earnings conversion, along with supportive valuation from a moderate P/E and high dividend yield. These positives are tempered by weakening operating trends (margin compression and softer recent free cash flow) and largely neutral technical momentum.
Positive Factors
Conservative balance sheet, very low leverage
Very low debt-to-equity (~0.03–0.04) and a growing equity base provide structural financial resilience. This reduces refinancing risk, supports capital allocation flexibility for buybacks/dividends or M&A, and helps withstand cyclical downturns in hiring demand over the next 2–6 months.
Negative Factors
Choppy, uneven revenue trends
Volatile top-line reflects sensitivity to hiring cycles and client demand across sectors and countries. This instability complicates forecasting, limits predictable revenue pipelines, and makes it harder to sustainably scale fixed-cost investments or staffing capacity without risking margin dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet, very low leverage
Very low debt-to-equity (~0.03–0.04) and a growing equity base provide structural financial resilience. This reduces refinancing risk, supports capital allocation flexibility for buybacks/dividends or M&A, and helps withstand cyclical downturns in hiring demand over the next 2–6 months.
Read all positive factors
HRnetGroup Ltd. (CHZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$725.80M
Dividend Yield5.68%
Average Volume (3M)599.16K
Price to Earnings (P/E)14.2
Beta (1Y)0.28
Revenue Growth0.69%
EPS Growth-16.38%
CountrySG
Employees806
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding989,098,750
10 Day Avg. Volume549,260
30 Day Avg. Volume599,156
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)1.83
Price to Sales (P/S)1.26
P/FCF Ratio13.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$608.45M
HRnetGroup Ltd. Business Overview & Revenue Model
Company Description
HRnetGroup Limited, an investment holding entity, primarily focuses on delivering comprehensive recruitment and staffing solutions across Singapore, Hong Kong, Taiwan, mainland China, Japan, South Korea, Malaysia, Thailand, and Indonesia. The comp...
How the Company Makes Money
HRnetGroup primarily makes money by providing recruitment and staffing services to client companies. A key revenue stream is permanent placement recruitment, where the company earns a placement fee when it successfully sources and places a candida...
HRnetGroup Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 584.01M | 567.00M | 578.47M | 611.77M | 590.54M |
| Gross Profit | 50.93M | 122.21M | 138.97M | 174.15M | 174.90M |
| EBITDA | 47.87M | 64.43M | 86.39M | 95.76M | 94.37M |
| Net Income | 51.19M | 44.52M | 63.56M | 67.53M | 65.49M |
Balance Sheet | |||||
| Total Assets | 503.78M | 482.28M | 479.94M | 483.99M | 530.31M |
| Cash, Cash Equivalents and Short-Term Investments | 336.60M | 327.14M | 333.37M | 331.15M | 350.32M |
| Total Debt | 14.71M | 13.71M | 10.54M | 9.86M | 12.85M |
| Total Liabilities | 89.70M | 88.10M | 87.00M | 105.76M | 142.45M |
| Stockholders Equity | 402.12M | 378.84M | 376.61M | 361.82M | 370.24M |
Cash Flow | |||||
| Free Cash Flow | 52.70M | 49.43M | 55.40M | 73.70M | 51.30M |
| Operating Cash Flow | 57.17M | 51.60M | 57.59M | 75.24M | 52.68M |
| Investing Cash Flow | -11.34M | -12.76M | -17.66M | -29.53M | -24.57M |
| Financing Cash Flow | -40.46M | -51.47M | -51.38M | -83.23M | -34.85M |
HRnetGroup Ltd. Technical Analysis
Positive
0.74
Price Trends
0.74
Negative
0.74
Positive
0.73
Positive
Market Momentum
<0.01
Negative
50.26
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CHZ, the sentiment is Positive. The current price of 0.74 is above the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.74, and above the 200-day MA of 0.73, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:CHZ.
HRnetGroup Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$1.23B | 20.13 | 8.93% | 8.07% | 2.15% | -12.28% | |
71 Outperform | S$725.80M | 14.18 | 12.87% | 5.71% | 0.69% | -16.38% | |
70 Outperform | S$606.70M | 8.85 | 10.79% | 11.07% | 22.37% | 186.90% | |
66 Neutral | S$495.00M | 5.05 | 12.58% | 8.11% | 4.39% | -28.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | S$515.03M | 57.50 | 1.25% | 0.79% | 10.02% | 11.54% |
* Industrials Sector Average
SG:CHZ
HRnetGroup Ltd.
0.74
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HRnetGroup Ltd. Corporate Events
HRnetGroup’s Octomate Wins Mandai Wildlife Group Workforce Management Deal
Jul 21, 2026
HRnetGroup’s Octomate platform has secured a contract from Mandai Wildlife Group to implement an integrated cloud-based time attendance and approval system for full-time and part-time staff across the Mandai Wildlife Reserve. The deployment ...
HRnetGroup Deregisters Dormant China Subsidiary With No Material Financial Impact
May 21, 2026
HRnetGroup Limited has deregistered its dormant subsidiary, RecruitFast (Kunshan) Human Resources Co., Ltd., effective 15 May 2026, as part of a clean-up of its corporate structure. The move signals a rationalisation of non-active entities in its ...
HRnetGroup Sells Treasury Shares to Boost Trading Liquidity
May 8, 2026
HRnetGroup has sold 250,000 treasury shares on 8 May 2026, reducing its treasury stock from 20,302,606 to 20,052,606 shares, representing a marginal decrease from 2.05% to 2.02% of its issued share capital. The transaction, valued at S$183,250, is...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.