HRnetGroup Ltd. (SG:CHZ)
SGX:CHZ
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HRnetGroup Ltd.
(SGX:CHZ)
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Rating:72Outperform
Price Target:
S$0.82
▲(10.95% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by strong balance-sheet quality and generally solid cash generation, offset by margin compression and uneven revenue momentum. Technical indicators are neutral, while reasonable valuation and a high dividend yield provide support.
Positive Factors
Conservative balance sheet
Very low leverage and a growing equity base provide durable financial resilience. This conservatism reduces bankruptcy and refinancing risk, preserves capacity for opportunistic M&A or countercyclical investment, and supports steady dividend policy and operational continuity during downturns.
Negative Factors
Uneven revenue momentum
Volatile top-line growth reduces forecasting visibility and complicates capacity planning for a staffing business reliant on corporate hiring cycles. Persistent uneven demand can impair long-term client relationships and discourage investment in scaling higher-margin services.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a growing equity base provide durable financial resilience. This conservatism reduces bankruptcy and refinancing risk, preserves capacity for opportunistic M&A or countercyclical investment, and supports steady dividend policy and operational continuity during downturns.
Read all positive factors
HRnetGroup Ltd. (CHZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$725.80M
Dividend Yield5.58%
Average Volume (3M)599.16K
Price to Earnings (P/E)14.4
Beta (1Y)0.33
Revenue Growth1.23%
EPS Growth-10.36%
CountrySG
Employees1,056
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.02
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 Target
S$0.80Price Target Upside8.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$616.51M
HRnetGroup Ltd. Business Overview & Revenue Model
Company Description
HRnetGroup Limited, an investment holding company, engages in the recruitment and staffing business in Singapore, Hong Kong, Taiwan, the People's Republic of China, Japan, South Korea, Malaysia, Thailand, and Indonesia. The company operates throug...
How the Company Makes Money
HRnetGroup generates revenue primarily through its recruitment services, which include permanent placements, temporary staffing, and contract staffing solutions. The company charges clients a fee based on a percentage of the candidate's first-year...
HRnetGroup Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 576.63M | 584.01M | 567.00M | 578.47M | 611.77M | 590.54M |
| Gross Profit | 120.43M | 50.93M | 122.21M | 138.97M | 174.15M | 174.90M |
| EBITDA | 44.08M | 47.87M | 64.43M | 86.39M | 95.76M | 94.37M |
| Net Income | 50.85M | 51.19M | 44.52M | 63.56M | 67.53M | 65.49M |
Balance Sheet | ||||||
| Total Assets | 498.03M | 503.78M | 482.28M | 479.94M | 483.99M | 530.31M |
| Cash, Cash Equivalents and Short-Term Investments | 327.84M | 336.60M | 327.14M | 333.37M | 331.15M | 350.32M |
| Total Debt | 16.65M | 14.71M | 13.71M | 10.54M | 9.86M | 12.85M |
| Total Liabilities | 91.43M | 89.70M | 88.10M | 87.00M | 105.76M | 142.45M |
| Stockholders Equity | 393.64M | 402.12M | 378.84M | 376.61M | 361.82M | 370.24M |
Cash Flow | ||||||
| Free Cash Flow | 58.72M | 52.70M | 49.43M | 55.40M | 73.70M | 51.30M |
| Operating Cash Flow | 60.55M | 57.17M | 51.60M | 57.59M | 75.24M | 52.68M |
| Investing Cash Flow | -24.92M | -11.34M | -12.76M | -17.66M | -29.53M | -24.57M |
| Financing Cash Flow | -49.66M | -40.46M | -51.47M | -51.38M | -83.23M | -34.85M |
HRnetGroup Ltd. Technical Analysis
Positive
0.74
Price Trends
0.74
Positive
0.74
Positive
0.72
Positive
Market Momentum
<0.01
Negative
55.89
Neutral
75.00
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 0.73, above the 50-day MA of 0.74, and above the 200-day MA of 0.72, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.89 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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$725.80M | 14.40 | 13.17% | 5.58% | 1.23% | -10.36% | |
71 Outperform | S$1.24B | 16.33 | 7.03% | 8.85% | -2.55% | -0.55% | |
70 Outperform | S$602.11M | 10.01 | 4.12% | 11.07% | 5.49% | -86.00% | |
66 Neutral | S$548.80M | 6.44 | 15.57% | 7.98% | 16.82% | 62.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | S$510.55M | 68.26 | 1.18% | ― | 6.34% | 160.00% |
* Industrials Sector Average
SG:CHZ
HRnetGroup Ltd.
0.74
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12.12%
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0.66
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62.13%
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37.84%
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1.28
47.76%
HRnetGroup Ltd. Corporate Events
HRnetGroup Reshapes Subsidiary Portfolio With China Expansion and Taiwan Stake Hikes
Feb 25, 2026
HRnetGroup has reported a series of corporate changes for the half year ended 31 December 2025, including the incorporation of RecruitFast (Kunshan) Human Resources Co., Ltd. in China with a registered share capital of S$0.4 million, reflecting co...
HRnetGroup Discloses 19.96% Voting Stake in UK HR Firm Staffline
Jan 28, 2026
HRnetGroup Limited has disclosed that it holds 19.96% of the voting rights in UK-based Staffline Group PLC, triggering a mandatory notification of major holdings under the Financial Conduct Authority’s Disclosure Guidance and Transparency Ru...
HRnetGroup’s Octomate Secures ISO Data Security and Privacy Certifications
Jan 21, 2026
HRnetGroup’s HRtech arm Octomate has secured ISO/IEC 27001:2022 and ISO/IEC 27018:2025 certifications for its core HR technology platforms, systems and processes, following an independent audit by an accredited certification body. The dual c...
HRnetGroup’s Octomate Wins Major Sentosa HR Tech Contract
Jan 21, 2026
HRnetGroup’s HRtech brand Octomate has secured a substantial, multi-year contract from Sentosa Development Corporation to implement an integrated cloud-based HR system for around 750 staff on Sentosa Island. Starting in January 2026 for an i...
HRnetGroup’s Octomate Wins Workforce Management Contract with Outward Bound Singapore
Jan 21, 2026
HRnetGroup’s HRtech brand Octomate has secured a project with Outward Bound Singapore, an outdoor education institution under the National Youth Council that trains around 20,000 youth and corporate participants annually on Pulau Ubin. Under...
HRnetGroup to Dissolve Dormant Subsidiary SPV2 Pte Ltd
Dec 23, 2025
HRnetGroup Limited has announced that its dormant subsidiary, SPV2 Pte Ltd, has held a final meeting in respect of its liquidation and is expected to be formally dissolved by the end of February 2026. The company stated that the winding-up of this...
HRnetGroup’s EASEJobs Enhances Platform with Careers & Skills Passport Integration
Dec 12, 2025
HRnetGroup Ltd.’s EASEJobs has partnered with Singapore’s Ministry of Manpower and SkillsFuture Singapore to integrate the Careers Skills Passport into its platform. This initiative supports Singapore’s national skills-first age...
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.