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HUATIONG GLOBAL LIMITED (41B) Fair Value & Analysis

Industrials · SG · Market cap 129M SGD

HG HUATIONG GLOBAL LIMITED 41B · SG
Price0.6600 SGD
Fair Value1.97 SGD
Upside+198.5%
Quality54/100
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Mixed Growth
Thin margins · 6.4% net margin
Low debt · generates free cash flow
2.19% dividend yield
Ranks above peers (11/13)
Narrow moat 44/100
Evidence: High Range 1.44 SGD – 2.50 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price −5.7% over the past month.

A solid business, screening 198% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (1.44 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.9243 SGD 0.0644 SGD Fair Value 1.97 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0644 SGD – 0.9243 SGD · fair‑value band 1.44 SGD – 2.50 SGD · the 0.6600 SGD price screens below the 1.97 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HUATIONG GLOBAL LIMITED (41B) currently trades at 0.6600 SGD, while our model-based Fair Value estimate is 1.97 SGD, implying the stock looks roughly 198.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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, HUATIONG GLOBAL LIMITED generated revenue of 299M SGD at a net margin of 6.4%. Revenue grew 66.6% year over year. It earns a return on equity of 16.4%. Net debt stands at 24.6M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.44 SGD (bear case) to 2.50 SGD (bull case); at 0.6600 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 29% below its 52-week high and 141% 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 198%, 41B 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 1.08 SGD 1.38 SGD 1.80 SGD 80
Residual Income 0.6100 SGD 0.7200 SGD 1.27 SGD 76
Rev-Margin DCF 1.45 SGD 2.24 SGD 3.29 SGD 74
All 24 models by family
DCF Models
FCF DCF 1.10 SGD 1.45 SGD 2.01 SGD 38
Owner Earnings 1.47 SGD 2.09 SGD 3.05 SGD 31
5Y Revenue Exit 1.45 SGD 2.27 SGD 3.44 SGD 39
5Y EBITDA Exit 2.10 SGD 3.67 SGD 5.74 SGD 41
5Y P/E Exit 1.67 SGD 2.74 SGD 4.02 SGD 38
10Y Revenue Exit 1.26 SGD 1.92 SGD 3.02 SGD 36
10Y EBITDA Exit 1.67 SGD 2.82 SGD 4.74 SGD 37
10Y P/E Exit 1.42 SGD 2.22 SGD 3.45 SGD 35
Earnings-Based
Graham-Dodd 0.6900 SGD 3.71 SGD 5.14 SGD 54
Lynch FV 1.03 SGD 1.47 SGD 1.91 SGD 50
PEG = 1.0 1.03 SGD 1.47 SGD 1.91 SGD 46
EPV 1.38 SGD 1.47 SGD 1.55 SGD 59
Multiples
P/E Multiple 1.59 SGD 2.13 SGD 2.66 SGD 63
P/S Multiple 1.29 SGD 1.72 SGD 2.15 SGD 58
P/B Multiple 1.29 SGD 1.72 SGD 2.15 SGD 55
EV/EBIT 2.16 SGD 2.69 SGD 3.21 SGD 53
EV/EBITDA 2.95 SGD 3.75 SGD 4.54 SGD 54
EV/Revenue 1.71 SGD 2.19 SGD 2.67 SGD 43
Asset-Based
NCAV (Graham) 0.3400 SGD 0.4600 SGD 0.6900 SGD 50
Growth DCF
Growth DCF 1.08 SGD 1.38 SGD 1.80 SGD 80
Rev-Margin DCF 1.45 SGD 2.24 SGD 3.29 SGD 74
Economic Profit
Residual Income 0.6100 SGD 0.7200 SGD 1.27 SGD 76
ROIC Compounder 1.42 SGD 1.57 SGD 1.71 SGD 72
Growth Earnings
Growth-Adj P/E 1.51 SGD 2.15 SGD 2.80 SGD 68

Widest divergence: DCF Models (2.22 SGD) versus Asset-Based (0.4600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 299M SGD
Revenue growth (YoY) +66.6%
Net margin 6.4%
Return on equity 16.4%
Free cash flow 9.9M SGD FY2025
P/E ratio 6.0
More key figures
Operating margin 7.6%
EPS (TTM) 0.1100 SGD
Dividend yield 2.2%
EPS growth (YoY) +89.1%
Net debt 24.6M SGD FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 54

Profitability 44
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 82
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

Huationg Global Limited, an investment holding company, provides civil engineering services for infrastructure projects primarily in Singapore. It operates through four segments: Civil engineering contract works, Inland logistics support, Sales of construction materials, and Dormitory operations.

Full company description

Huationg Global Limited, an investment holding company, provides civil engineering services for infrastructure projects primarily in Singapore. It operates through four segments: Civil engineering contract works, Inland logistics support, Sales of construction materials, and Dormitory operations. The Civil Engineering Contract Works segment offers earthworks, infrastructure works, external works, demolition and excavation works, drainage works and road diversion, site clearance, reinforcing bar installation, formwork, concrete installation, backfill and compaction, and final handover, as well as operates and manages stockpile sites. The Inland Logistics Support segment leases construction equipment, including articulated dump trucks, rollers, bulldozers, wheel loaders, telescopic clamshells, breakers, tipper trucks, compactors, excavators, and concrete pumps. The Sales of Construction Materials segment offers recycled concrete aggregates, sand, and granite aggregates, as well as manufactures and supplies liquefied soil stabilizers, which are used as non-structural fills for buildings and other structures, and for backfill in utility and road construction. The Dormitory operation segment engages in the maintenance and operation of the dormitory. The company was founded in 1983 and is headquartered in Singapore. Huationg Global Limited operates as a subsidiary of Dandelion Capital Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HUATIONG GLOBAL LIMITED reported revenue of 299M SGD in FY2025 versus 170M SGD in FY2021, a compound +15.1%/yr. Reported net income was 19.1M SGD in FY2025, compounding +37.7%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
299M SGD
Latest YoY
+32.0%
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.
+25.4%
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.
+20.8%
Avg. growth/yr (10Y) 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.
+8.7%
Revenue +15.1%/yr
FY21 170M SGD
FY22 152M SGD
FY23 175M SGD
FY24 226M SGD
FY25 299M SGD
Net income +37.7%/yr
FY21 5.3M SGD
FY22 10.2M SGD
FY23 14.3M SGD
FY24 16.4M SGD
FY25 19.1M SGD

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Cite: Fair Value Calculator (2026). "HUATIONG GLOBAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/41B

Peer Group

Engineering & Construction · 838 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 54 · Above median
Fair Value upside +199% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 67% · Top 25%
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 6.0× · Cheaper than 75% of peers
P/B 0.77× · Cheaper than median
P/S (TTM) 0.34× · Cheaper than median
P/FCF 10.2× · Pricier 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 15
FUTURE 100 · sector 14
PAST 66 · sector 26
HEALTH 94 · sector 94
DIVIDEND 44 · sector 43

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is HUATIONG GLOBAL LIMITED (41B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.97 SGD versus a price of 0.6600 SGD, about +198% (undervalued).
What is the fair value of 41B?
Our model-based fair value for HUATIONG GLOBAL LIMITED is 1.97 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.6600 SGD.
What is the quality score of 41B?
HUATIONG GLOBAL LIMITED has a Quality Score of 54/100. 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 HUATIONG GLOBAL LIMITED (41B)?
HUATIONG GLOBAL LIMITED reported trailing-twelve-month revenue of about 299M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 41B?
The net profit margin of HUATIONG GLOBAL LIMITED is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does HUATIONG GLOBAL LIMITED pay a dividend?
HUATIONG GLOBAL LIMITED currently shows a dividend yield of about 2.19% relative to its recent price (as of Aug 13, 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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