Hiap Seng Industries Ltd (1L2) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Hiap Seng Industries Ltd S$0.01, price S$0.01, upside -15.7%, quality 34 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 0.0020 SGD – 0.0390 SGD · the 0.0140 SGD price screens above the 0.0118 SGD 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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Hiap Seng Industries Limited, an investment holding company, provides engineering, procurement, construction, and plant maintenance services for oil and gas, and energy sectors in Singapore.
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Hiap Seng Industries Limited, an investment holding company, provides engineering, procurement, construction, and plant maintenance services for oil and gas, and energy sectors in Singapore. The company offers building and plant construction, process piping, pressure vessels, process equipment installation, modular compression, and tanks and terminals services for oil and gas, petrochemical and chemical, power and utilities, and pharmaceutical industries. It also offers routine daily maintenance, total integrated plant maintenance, and turnaround maintenance services in the refineries, petrochemical/chemical complexes, pharmaceutical, and power/utilities plants. In addition, the company undertakes mechanical, electrical and instrumentation, civil/buildings, refractory, insulation, and blasting/painting works, as well as provides scaffolding services. Further, it offers mechanical engineering, plant fabrication, installation, and plant maintenance services for the oil and gas, pharmaceutical, and petrochemical industries, as well as process and industrial plant engineering, and consultancy services. Hiap Seng Industries Limited was founded in 1950 and is headquartered in Singapore.
Stock analysis
Hiap Seng Industries Ltd (1L2) currently trades at 0.0140 SGD, while our model-based Fair Value estimate is 0.0118 SGD, 15.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.0100 SGD per share, and 0 of the 12 models we run sit above the 0.0140 SGD price.
Bear case: the DCF Models group reads lowest at 0.0100 SGD, and 12 of the 12 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hiap Seng Industries Ltd reported revenue of 24.4M SGD in FY2026 versus 26.8M SGD in FY2022, a compound −2.3%/yr. Reported net income was 2.8M SGD in FY2026, compounding −16.3%/yr from FY2022.
Key figures
Market cap 67.9M SGD (≈ $53.0M) · P/S ratio 1.99 · Dividend yield 0.9% · Net margin 11.6% · Return on equity 8.5% · Return on assets (EBIT) 3.0% · Operating margin 7.5% · Revenue (TTM) 24.4M SGD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −16%, 1L2 screens cheaper than that median.
Fair Value models
Bear 0.0118 SGDFair Value 0.0118 SGDBull 0.0118 SGD
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.25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.8%
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.
+9.5%
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.
−3.6%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
+29.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.0%
Dividend (yield on the price)0.9%
Profit margin 2021 to 2026 ⓘ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.−34% → 10%
Compare Hiap Seng Industries Ltd with another stock
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.Engineering & Construction · 785 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−15.7% · Below median
Profitability
Return on equity (TTM)8.5% · Above median
Return on assets3.8% · Above median
Net margin (TTM)11.6% · Top 25%
Operating margin (TTM)7.5% · Above median
Growth and dividend
Revenue growth31.2% · Top 25%
Dividend yield (TTM)0.9% · Below median
Valuation Multiplesvs Engineering & Construction 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). "Hiap Seng Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1L2
Frequently asked questions
Is Hiap Seng Industries Ltd (1L2) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0118 SGD versus a price of 0.0140 SGD, about −16% upside (overvalued).
What is the fair value of 1L2?
Our model-based fair value for Hiap Seng Industries Ltd is 0.0118 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.0140 SGD.
What is the quality score of 1L2?
Hiap Seng Industries Ltd has a Quality Score of 34/100. 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 Hiap Seng Industries Ltd (1L2)?
Our model-based price target is the fair value of 0.0118 SGD (as of Sep 27, 2026) from 13 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Hiap Seng Industries Ltd stock forecast for 2026?
Our models put fair value at 0.0118 SGD, about −16% upside versus a price of 0.0140 SGD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Hiap Seng Industries Ltd (1L2)?
Hiap Seng Industries Ltd reported trailing-twelve-month revenue of about 24.4M SGD (latest available figure, as of Sep 27, 2026).
Does Hiap Seng Industries Ltd pay a dividend?
Hiap Seng Industries Ltd currently shows a dividend yield of about 0.92% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Hiap Seng Industries Ltd (1L2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hiap Seng Industries Ltd it is 0.0118 SGD per share (as of Sep 27, 2026), against a price of 0.0140 SGD. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Hiap Seng Industries Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1L2 trades above its calculated fair value: price 0.0140 SGD, fair value 0.0118 SGD, a gap of about −16% (overvalued). 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 1L2?
No. The price is what the market pays today (0.0140 SGD); the fair value is what the company's own numbers justify (0.0118 SGD). For Hiap Seng Industries Ltd the two are 0.0022 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hiap Seng Industries Ltd worth?
The market values Hiap Seng Industries Ltd at about 67.9M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0140 SGD; our models calculate a fair value of 0.0118 SGD per share.
How solid is the balance sheet of Hiap Seng Industries Ltd (1L2)?
Balance-sheet figures for Hiap Seng Industries Ltd (as of Sep 27, 2026): return on equity 8.5%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 1L2 from its 52-week high?
Hiap Seng Industries Ltd trades at 0.0140 SGD, about 59% below its 52-week high of 0.0340 SGD and 30% above the low of 0.0108 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0118 SGD is for.
Which stocks are comparable to Hiap Seng Industries Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Hiap Seng Industries Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0140 SGD, calculated fair value 0.0118 SGD (−16%), Quality Score 34/100, from 13 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 1L2 calculated?
We run Hiap Seng Industries Ltd through 13 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 0.0118 SGD, 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 14.5 % above its aggregate fair value. Hiap Seng Industries Ltd 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 Hiap Seng Industries Ltd (1L2)?
The closing price on Oct 1, 2026 was 0.0140 SGD. Our model-based fair value is 0.0118 SGD, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hiap Seng Industries Ltd right now?
The price sits above even our optimistic bull case (0.0118 SGD). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hiap Seng Industries Ltd
How large is the market capitalisation of Hiap Seng Industries Ltd (1L2)?
The market capitalisation of Hiap Seng Industries Ltd is 67.9M SGD (≈ $53.0M). 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 Hiap Seng Industries Ltd (1L2)?
The price-to-sales ratio of Hiap Seng Industries Ltd is 1.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hiap Seng Industries Ltd (1L2)?
The dividend yield of Hiap Seng Industries Ltd is 0.9%. 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 Hiap Seng Industries Ltd (1L2)?
The net margin of Hiap Seng Industries Ltd is 11.6% (fiscal year 2026). 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 Hiap Seng Industries Ltd (1L2)?
The return on equity (ROE) of Hiap Seng Industries Ltd is 8.5% (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 Hiap Seng Industries Ltd (1L2)?
On an EBIT basis the return on assets of Hiap Seng Industries Ltd is 3.0% (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 Hiap Seng Industries Ltd (1L2)?
The operating margin of Hiap Seng Industries Ltd is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hiap Seng Industries Ltd (1L2)?
Revenue at Hiap Seng Industries Ltd is growing +31.2% versus a year earlier (3y avg +9.5%). 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 Hiap Seng Industries Ltd (1L2)?
Earnings per share at Hiap Seng Industries Ltd are growing −38.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hiap Seng Industries Ltd (1L2) generate?
The free cash flow of Hiap Seng Industries Ltd is −1.5M SGD (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hiap Seng Industries Ltd (1L2) carry?
The net debt of Hiap Seng Industries Ltd is 12.8M SGD (fiscal year 2021). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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