Hong Fok Corporation Limited (H30) AI Stock Analysis

• Market Cap: S$674.75M
• Dividend Yield: 1.23%
• Average Volume (3M): 461.74K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.90
• Revenue Growth: -5.00%
• EPS Growth: -73.03%
• Country: SG
• Employees: 84
• Sector: Industrials
• Sector Strength: 94
• Industry: Real Estate - Services
• EPS (TTM): 0.03
• Shares Outstanding: 870,612,100
• 10 Day Avg. Volume: 725,710
• 30 Day Avg. Volume: 461,736
• PEG Ratio: -0.39
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.22
• 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$1.00
• Price Target Upside: 21.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: S$1.00 ▲(21.95%Upside)

Hong Fok Corporation Limited demonstrates financial stability with strong cash flow and profitability margins. However, declining revenue and moderate leverage present risks. Technically, the stock is overbought, which could lead to a price correction. Valuation is fair, but the low dividend yield limits its appeal to income investors.

Hong Fok Corporation Limited Business Overview & Revenue Model

Company Description

Hong Fok Corporation Limited, an investment holding company, engages in the investment, construction, development, and management of properties in Singapore and Hong Kong. The company develops residential and other properties; invests in office, shop, restaurant, hotel, residential, retail, and commercial properties; and provides property management services. It also offers investment trading, and investment holding and management services. The company was incorporated in 1967 and is based in Singapore.

How the Company Makes Money

Hong Fok Corporation Limited generates revenue through various segments associated with its core real estate operations. The primary revenue stream comes from the sale and lease of developed properties, which include residential, commercial, and retail spaces. The company earns rental income from its investment properties, consistently contributing to its revenue. Additionally, Hong Fok benefits from property management services offered to its tenants and third-party clients. The company's involvement in the construction segment also contributes to its financial performance, as it undertakes construction projects for its developments. Strategic partnerships and joint ventures in real estate projects further bolster its revenue streams, leveraging market opportunities to maximize earnings.

Hong Fok Corporation Limited Financial Statement Overview

Summary

Hong Fok Corporation Limited shows resilience in maintaining profitability margins and cash flow generation despite declining revenues. The balance sheet is stable, with adequate equity but moderate leverage. Continued focus on revenue growth and managing debt levels will be crucial for sustaining financial health.

Income Statement

The company's gross profit margin is strong, as it has been maintaining a significant proportion of revenue as profit. However, the revenue has been declining over the years, with a noticeable dip from 2022 to 2024. The EBIT margin is solid, showing effective cost management despite revenue fluctuations. Net profit margin has been volatile, particularly due to a sharp drop in net income in the latest year, which affects overall profitability.

Balance Sheet

Hong Fok Corporation Limited maintains a healthy equity ratio, suggesting a strong capital base. However, the debt-to-equity ratio indicates moderate leverage, which can pose risks in economic downturns. The return on equity has been inconsistent, reflecting fluctuations in profitability.

Cash Flow

The company demonstrates strong cash flow management, as seen in the consistent generation of free cash flow. The operating cash flow to net income ratio indicates efficient conversion of earnings to cash flow, although the free cash flow growth rate has been negative recently, pointing to a potential area of concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	104.32M	110.60M	153.92M	90.50M	80.40M
Gross Profit	82.45M	78.44M	98.47M	57.67M	57.13M
EBITDA	37.23M	48.08M	265.47M	67.58M	123.00K
Net Income	23.74M	88.07M	220.10M	38.91M	-8.70M
Balance Sheet
Total Assets	3.65B	3.67B	3.58B	3.47B	3.42B
Cash, Cash Equivalents and Short-Term Investments	45.08M	80.19M	51.71M	69.94M	67.71M
Total Debt	659.58M	712.88M	700.94M	766.09M	786.02M
Total Liabilities	719.72M	771.50M	761.37M	850.13M	848.17M
Stockholders Equity	2.32B	2.29B	2.21B	2.00B	1.97B
Cash Flow
Free Cash Flow	48.38M	53.57M	101.00M	48.65M	25.70M
Operating Cash Flow	50.07M	54.51M	101.51M	49.33M	26.32M
Investing Cash Flow	6.69M	6.22M	7.61M	-1.25M	7.34M
Financing Cash Flow	-89.00M	-28.74M	-125.09M	-41.57M	-32.15M

Hong Fok Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:H30, the sentiment is Positive. The current price of 0.82 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.76, and above the 200-day MA of 0.78, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 70.00 is Negative, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:H30.

Hong Fok Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E3B	73 Outperform	S$625.09M	10.77	8.58%	0.75%	-10.70%	-45.35%
H30	60 Neutral	S$674.75M	22.30	1.03%	1.23%	-5.00%	-73.03%
Sector *	58 Neutral	HK$14.94B	4.62	-2.78%	5.07%	3.80%	-54.55%
O5P	―	€392.23M	9.28	4.28%	3.42%	―	―
BTE	69 Neutral	S$288.33M	21.79	3.72%	3.68%	0.62%	22.60%
5IC	64 Neutral	S$152.38M	15.57	3.08%	2.63%	102.45%	22.61%
5JK	61 Neutral	S$258.81M	39.29	0.92%	1.36%	12.04%	18.64%

Hong Fok Corporation Limited Corporate Events

Hong Fok Corporation Limited Holds 57th Annual General Meeting

Hong Fok Corporation Limited held its fifty-seventh Annual General Meeting on April 30, 2025, at the Carlton Hotel in Singapore. The meeting was attended by key directors, executives, and auditors, with discussions likely centered around the company’s strategic direction and financial performance. This gathering is a routine part of corporate governance, allowing shareholders to engage with the company’s leadership and gain insights into its future plans.