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HC SURGICAL SPECIALISTSLIMITED (1B1) Fair Value & Analysis

Healthcare · SG · Market cap 57.5M SGD

HS HC SURGICAL SPECIALISTSLIMITED 1B1 · SG
Price0.3400 SGD
Fair Value0.6100 SGD
Upside+79.4%
Quality80/100
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Healthy Growth
Highly profitable · 47.2% net margin
Low debt · generates free cash flow
5.60% dividend yield
Ranks above peers (11/14)
Wide moat 90/100
Evidence: High Range 0.4300 SGD – 1.01 SGD Share as image

Fair value as of: Aug 17, 2026

From 25 valuation models · updated yesterday

Share price −13.9% over the past month.

A strong business, screening 79% undervalued on our models.

What matters now

  • The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (0.4300 SGD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.4300 SGD to 1.01 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.4439 SGD 0.2149 SGD Fair Value 0.6100 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range 0.2149 SGD – 0.4439 SGD · fair‑value band 0.4300 SGD – 1.01 SGD · the 0.3400 SGD price screens below the 0.6100 SGD fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

HC SURGICAL SPECIALISTSLIMITED (1B1) currently trades at 0.3400 SGD, while our model-based Fair Value estimate is 0.6100 SGD, implying the stock looks roughly 79.4% undervalued today. The Quality Score stands at 80/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, HC SURGICAL SPECIALISTSLIMITED generated revenue of 19.1M SGD at a net margin of 47.2%. Revenue declined 1.7% year over year. It earns a return on equity of 46.1%. The stock trades on a trailing P/E of 5.7. Fundamentals as of Aug 17, 2026

Our scenario range runs from 0.4300 SGD (bear case) to 1.01 SGD (bull case); at 0.3400 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -50% fair-value upside, at 79%, 1B1 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF 0.3800 SGD 0.4800 SGD 0.5900 SGD 80
Residual Income 0.3100 SGD 0.4700 SGD 3.97 SGD 76
Rev-Margin DCF 0.3200 SGD 0.4500 SGD 0.5800 SGD 74
All 25 models by family
DCF Models
FCF DCF 0.3800 SGD 0.4900 SGD 0.6100 SGD 38
Owner Earnings 0.5400 SGD 0.7000 SGD 0.8800 SGD 31
5Y Revenue Exit 0.3200 SGD 0.4400 SGD 0.5900 SGD 39
5Y EBITDA Exit 0.4900 SGD 0.7300 SGD 1.00 SGD 41
5Y P/E Exit 0.6200 SGD 0.9800 SGD 1.33 SGD 38
10Y Revenue Exit 0.3400 SGD 0.4400 SGD 0.5600 SGD 36
10Y EBITDA Exit 0.4300 SGD 0.6100 SGD 0.8200 SGD 37
10Y P/E Exit 0.5100 SGD 0.7500 SGD 1.03 SGD 35
Earnings-Based
Graham-Dodd 0.3700 SGD 0.9100 SGD 1.17 SGD 54
PEG = 1.0 0.1600 SGD 0.2300 SGD 0.3000 SGD 46
EPV 0.3200 SGD 0.3500 SGD 0.3800 SGD 59
Dividend Discount
Gordon GGM 0.1000 SGD 0.1600 SGD 0.2100 SGD 70
DDM Multi-Stage 0.1000 SGD 0.1400 SGD 0.1800 SGD 61
Multiples
P/E Multiple 0.9100 SGD 1.21 SGD 1.51 SGD 63
P/S Multiple 0.3300 SGD 0.4400 SGD 0.5500 SGD 58
P/B Multiple 0.4600 SGD 0.6100 SGD 0.7700 SGD 55
EV/EBIT 0.6200 SGD 0.8200 SGD 1.01 SGD 53
EV/EBITDA 0.6500 SGD 0.8600 SGD 1.06 SGD 54
EV/Revenue 0.2900 SGD 0.4100 SGD 0.5200 SGD 43
Asset-Based
NCAV (Graham) 0.0700 SGD 0.0900 SGD 0.1400 SGD 50
Growth DCF
Growth DCF 0.3800 SGD 0.4800 SGD 0.5900 SGD 80
Rev-Margin DCF 0.3200 SGD 0.4500 SGD 0.5800 SGD 74
Economic Profit
Residual Income 0.3100 SGD 0.4700 SGD 3.97 SGD 76
ROIC Compounder 0.3300 SGD 0.3700 SGD 0.4100 SGD 72
Growth Earnings
Growth-Adj P/E 0.6900 SGD 0.9900 SGD 1.28 SGD 68

Widest divergence: Growth Earnings (0.9900 SGD) versus Asset-Based (0.0900 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 19.1M SGD
Revenue growth (YoY) -1.7%
Net margin 47.2%
Return on equity 46.1%
Free cash flow 6.7M SGD FY2025
P/E ratio 5.7
More key figures
Operating margin 26.3%
EPS (TTM) 0.0600 SGD
Dividend yield 5.6%
EPS growth (YoY) +17.8%

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 55

Profitability 90
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

HC Surgical Specialists Limited, an investment holding company, provides medical services primarily in Singapore. The company provides endoscopic procedures, including gastroscopies and colonoscopies; and general surgery services with a focus on colorectal procedures in a network of clinics.

Full company description

HC Surgical Specialists Limited, an investment holding company, provides medical services primarily in Singapore. The company provides endoscopic procedures, including gastroscopies and colonoscopies; and general surgery services with a focus on colorectal procedures in a network of clinics. It also offers treatment services for other conditions, such as haemorrhoids, anal fissure, hernia, anal abscess, cholecystitis, anal fistula, appendicitis, colorectal cancer, lipomas, cysts, and gastric cancer, vein laser vascular, laparoscopy, and other general and specialized medical services. In addition, the company provides orthopedic services comprising joint pain, sports injuries, osteoarthritis, rotator cuff tears, trigger finger, wounds/lumps, tenosynovitis, tunnel syndrome, bumps, joint replacement, arthroscopic surgery, knee osteotomy, realignment surgery, endoscopic spine surgery, disc replacements, spinal decompression, fractures, and orthobiologic injections. Further, it provides home care services, which include medical, nursing, physiotherapy, speech therapy, occupational therapy, and ambulance services; health screening, management of acute and chronic conditions, and pre-employment check-up; public health preparedness clinic scheme, swab and send home program, community health assist scheme, and COVID-19 swab test services. Additionally, the company offers diagnostic tests that comprise blood tests, X-Rays, ultrasound, CT scans, and MRIs. HC Surgical Specialists Limited was incorporated in 2015 and is based in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HC SURGICAL SPECIALISTSLIMITED reported revenue of 19.1M SGD in FY2025 versus 23.4M SGD in FY2021, a compound −4.9%/yr. Reported net income was 8.4M SGD in FY2025, compounding +1.3%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
19.1M SGD
Latest YoY
+1.6%
Avg. growth/yr (3Y) 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.
−0.4%
Avg. growth/yr (5Y) 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.
+2.7%
Avg. growth/yr (11Y) 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.
+9.7%
Revenue −4.9%/yr
FY21 23.4M SGD
FY22 19.3M SGD
FY23 19.1M SGD
FY24 18.8M SGD
FY25 19.1M SGD
Net income +1.3%/yr
FY21 8.0M SGD
FY22 6.4M SGD
FY23 2.9M SGD
FY24 3.8M SGD
FY25 8.4M SGD

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Cite: Fair Value Calculator (2026). "HC SURGICAL SPECIALISTSLIMITED Fair Value". https://www.fairvalue-calculator.com/stock/1B1

Peer Group

Diagnostics & Research · 136 stocks

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.

Quality Score 80 · Top 25%
Fair Value upside +79% · Top 25%
Return on equity (TTM) 46% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 47% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 5.6% · Top 25%

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 2.15× · Pricier than median
P/S (TTM) 2.35× · Pricier than median
P/FCF 6.7× · Cheaper than median
EV/EBITDA 7.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 24
PAST 100 · sector 10
HEALTH 100 · sector 96
DIVIDEND 100 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $603.01 $308.19 -49%
Danaher Corporation DHR $205.79 $103.88 -50%
WuXi AppTec Co 2359 HK$198.90 HK$157.39 -21%
Lonza Group LONN CHF 566.20 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $570.58 $255.77 -55%
Agilent Technologies, Inc A $148.24 $61.53 -58%
Waters Corporation WAT $416.15 $121.96 -71%
IQVIA Holdings IQV $236.66 $132.17 -44%
Illumina, Inc ILMN $192.91 $95.51 -50%
Mettler-Toledo International Inc MTD $1,419 $615.78 -57%

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Frequently asked questions

Is HC SURGICAL SPECIALISTSLIMITED (1B1) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of 0.6100 SGD versus a price of 0.3400 SGD, about +79% (undervalued).
What is the fair value of 1B1?
Our model-based fair value for HC SURGICAL SPECIALISTSLIMITED is 0.6100 SGD (as of Aug 17, 2026), built from audited fundamentals. The current price is 0.3400 SGD.
What is the quality score of 1B1?
HC SURGICAL SPECIALISTSLIMITED has a Quality Score of 80/100. 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 revenue of HC SURGICAL SPECIALISTSLIMITED (1B1)?
HC SURGICAL SPECIALISTSLIMITED reported trailing-twelve-month revenue of about 19.1M SGD (latest available figure, as of Aug 17, 2026).
What is the net profit margin of 1B1?
The net profit margin of HC SURGICAL SPECIALISTSLIMITED is about 47.2%, meaning it keeps roughly 47.2% of revenue as net income. Based on the latest reported figures.
Does HC SURGICAL SPECIALISTSLIMITED pay a dividend?
HC SURGICAL SPECIALISTSLIMITED currently shows a dividend yield of about 5.60% relative to its recent price (as of Aug 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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