Company Valuation: HRnetGroup Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 808 778.3 703.8 666.5 741.8 694 - -
Change - -3.68% -9.58% -5.3% 11.31% -6.44% - -
Enterprise Value (EV) 481 493.8 432.2 408.1 741.8 694 694 694
Change - 2.66% -12.47% -5.58% 81.79% -6.44% 0% 0%
P/E 12.3x 11.6x 11.1x 15x 14.4x 14.5x 13x 11.7x
PBR 2.18x 2.15x 1.87x 1.76x 1.85x 1.69x 1.65x 1.59x
PEG - 3.44x -2.42x -0.5x 1x -1.9x 1.1x 1x
Capitalization / Revenue 1.37x 1.27x 1.22x 1.18x 1.27x 1.15x 1.09x 1.01x
EV / Revenue 0x 0x 0x 0x 0x 1.15x 1.09x 1.01x
EV / EBITDA 0x 0x 0x 0x 0x 11.2x 10.4x 9.45x
EV / EBIT 0x 0x 0x 0x 0x 12.5x 11.4x 10.6x
EV / FCF 0x 0x 0x 0x 0x 12.8x 12.1x 11.5x
FCF Yield 6.35% 9.47% 7.87% 7.42% 7.01% 7.8% 8.24% 8.71%
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% 6.11% 6.25% 6.24%
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 0.7000 0.7000 0.7000
Nbr of stocks (in thousands) 1,003,773 991,512 984,281 980,083 989,099 991,494 - -
Announcement Date 24/2/22 23/2/23 22/2/24 26/2/25 25/2/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.55x - - 6.11% 543M
21.4x4.38x14.66x2.73% 104B
18.36x0.33x8.14x4.58% 7.17B
13.69x0.29x7.78x3.97% 5.2B
13.58x0.33x5.59x4.46% 4.11B
29.07x0.63x13.22x6.45% 3.7B
64.55x2.87x10.14x-.--% 3.2B
18.88x0.18x7.58x2.39% 2.65B
12.64x - - 4.08% 1.42B
7.25x - - 6.81% 1.06B
Average 21.40x 1.29x 9.59x 4.16% 13.28B
Weighted average by Cap. 21.66x 3.63x 13.44x 3.03%

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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