Hygieia Group Limited (1650) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Hygieia Group Limited HK$0.17, price HK$0.18, upside -4.5%, quality 76 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.0360 – HK$0.1810 · fair‑value band HK$0.1300 – HK$0.2100 · the HK$0.1780 price screens above the HK$0.1700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Hygieia Group Limited, an investment holding company, engages in the provision of general cleaning services in Singapore and Thailand.
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Hygieia Group Limited, an investment holding company, engages in the provision of general cleaning services in Singapore and Thailand. The company provides general cleaning works for various public and private venues, including shopping malls, commercial and industrial buildings, schools, hotels, and private condominiums, as well as public access areas in town council, public access areas in town councils, a sports stadium, medical centers, commercial buildings, and schools; and for private customers at private residences, offices, retail outlets, and industrial buildings. It is also involved in the collection of waste and recycling of metal waste and scraps. The company was founded in 1991 and is headquartered in Singapore. Hygieia Group Limited is a subsidiary of TEK Assets Management Limited.
Stock analysis
Hygieia Group Limited (1650) currently trades at HK$0.1780, while our model-based Fair Value estimate is HK$0.1700, so the stock looks roughly fairly valued today (gap 4.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.1900 per share, and 10 of the 25 models we run sit above the HK$0.1780 price.
Bear case: the Asset-Based group reads lowest at HK$0.0500, and 15 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.1300 (bear) to HK$0.2100 (bull), the price of HK$0.1780 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hygieia Group Limited reported revenue of 79.5M SGD in FY2025 versus 71.6M SGD in FY2021, a compound +2.7%/yr. Reported net income was 2.6M SGD in FY2025, compounding −15.5%/yr from FY2021.
Key figures
Market cap HK$356M (≈ $45.4M) · P/E ratio 14.0 · P/S ratio 0.46 · Dividend yield 0.6% · Net margin 3.3% · Return on equity 9.5% · Return on assets (EBIT) 4.4% · Operating margin −4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 121% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −4%, 1650 screens richer than that median.
Fair Value models
Bear HK$0.1300Fair Value HK$0.1700Bull HK$0.2100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+6.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−31.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.2%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−12.6% vs −9.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 4%
2025 sits 334% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+0.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in SGD, Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −1.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Business Services · 238 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−4.5% · Below median
Profitability
Return on equity (TTM)9.5% · Above median
Return on assets1.6% · Below median
Net margin (TTM)3.3% · Below median
Operating margin (TTM)−4.0% · Bottom 25%
Growth and dividend
Revenue growth9.5% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hygieia Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/1650
Frequently asked questions
Is Hygieia Group Limited (1650) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1700 versus a price of HK$0.1780, about −4% upside (fairly valued).
What is the fair value of 1650?
Our model-based fair value for Hygieia Group Limited is HK$0.1700 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.1780.
What is the quality score of 1650?
Hygieia Group Limited has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hygieia Group Limited (1650)?
Our model-based price target is the fair value of HK$0.1700 (as of Sep 27, 2026) from 25 valuation models. Cautious scenario HK$0.1300, optimistic scenario HK$0.2100. It is a calculation from audited fundamentals, not an analyst target.
What is the Hygieia Group Limited stock forecast for 2026?
Our models put fair value at HK$0.1700, about −4% upside versus a price of HK$0.1780 (fairly valued). Cautious scenario HK$0.1300, optimistic scenario HK$0.2100. The calculation is refreshed regularly with new filings.
What is the revenue of Hygieia Group Limited (1650)?
Hygieia Group Limited reported trailing-twelve-month revenue of about 80.7M SGD (latest available figure, as of Sep 27, 2026).
Does Hygieia Group Limited pay a dividend?
Hygieia Group Limited currently shows a dividend yield of about 0.56% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Hygieia Group Limited (1650)?
For today's price to be fair in a discounted-cash-flow model, Hygieia Group Limited would have to grow free cash flow by +0.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 1650 use?
Our models discount Hygieia Group Limited at 9.0 %: a base by market capitalisation (nano), damped by beta 0.19, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hygieia Group Limited that is +0.4 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Hygieia Group Limited (1650) delivered so far?
Over the past 5 years revenue at Hygieia Group Limited grew +1.8 % a year. The price currently implies +0.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hygieia Group Limited (1650) growing?
The median revenue growth in the sector is +5.5 % a year. That is the yardstick for the growth priced into Hygieia Group Limited (+0.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hygieia Group Limited (1650)?
The free-cash-flow yield on the price is 5.74 %: that much free cash flow Hygieia Group Limited produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hygieia Group Limited (1650)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hygieia Group Limited it is HK$0.1700 per share (as of Sep 27, 2026), against a price of HK$0.1780. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Hygieia Group Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1650 trades above its calculated fair value: price HK$0.1780, fair value HK$0.1700, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1650?
No. The price is what the market pays today (HK$0.1780); the fair value is what the company's own numbers justify (HK$0.1700). For Hygieia Group Limited the two are HK$0.0080 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hygieia Group Limited worth?
The market values Hygieia Group Limited at about HK$356M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.1780; our models calculate a fair value of HK$0.1700 per share.
What do the bullish and bearish scenarios say about 1650?
Our models span a range for Hygieia Group Limited: cautious scenario HK$0.1300, base HK$0.1700, optimistic HK$0.2100 per share (as of Sep 27, 2026, price HK$0.1780). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1650?
Hygieia Group Limited trades at a price-to-earnings ratio of 14.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.1700 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.6, EV/EBITDA 20.8.
How solid is the balance sheet of Hygieia Group Limited (1650)?
Balance-sheet figures for Hygieia Group Limited (as of Sep 27, 2026): return on equity 9.5%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 1650 from its 52-week high?
Hygieia Group Limited trades at HK$0.1780, about 2% below its 52-week high of HK$0.1810 and 121% above the low of HK$0.0806 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1700 is for.
Which stocks are comparable to Hygieia Group Limited?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hygieia Group Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.1780, calculated fair value HK$0.1700 (−4%), Quality Score 76/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1650 calculated?
We run Hygieia Group Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.1700, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Hygieia Group Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hygieia Group Limited (1650)?
The closing price on Sep 30, 2026 was HK$0.1780. Our model-based fair value is HK$0.1700, about −4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hygieia Group Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hygieia Group Limited
How large is the market capitalisation of Hygieia Group Limited (1650)?
The market capitalisation of Hygieia Group Limited is HK$356M (≈ $45.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hygieia Group Limited (1650)?
The price-to-sales ratio of Hygieia Group Limited is 0.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hygieia Group Limited (1650)?
The dividend yield of Hygieia Group Limited is 0.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hygieia Group Limited (1650)?
The net margin of Hygieia Group Limited is 3.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hygieia Group Limited (1650)?
The return on equity (ROE) of Hygieia Group Limited is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hygieia Group Limited (1650)?
On an EBIT basis the return on assets of Hygieia Group Limited is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hygieia Group Limited (1650)?
The operating margin of Hygieia Group Limited is −4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hygieia Group Limited (1650)?
Revenue at Hygieia Group Limited is growing +9.5% versus a year earlier (3y avg +7.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hygieia Group Limited (1650)?
Earnings per share at Hygieia Group Limited are growing +90.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hygieia Group Limited (1650) hold?
Hygieia Group Limited holds more cash than debt, 7.9M SGD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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