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HIAP TONG CORPORATION LTD. (5PO) Fair Value & Analysis

Industrials · SG · Market cap 34.3M SGD

HT HIAP TONG CORPORATION LTD. 5PO · SG
Price0.0990 SGD
Fair Value0.2000 SGD
Upside+102.0%
Quality61/100
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Mixed Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
0.93% dividend yield
Mixed vs. peers (8/14)
Narrow moat 20/100
Evidence: High Range 0.1500 SGD – 0.2500 SGD Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 4 days ago

Share price −7.5% over the past month.

A solid business, screening 102% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.1500 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) 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)

0.1453 SGD 0.0472 SGD Fair Value 0.2000 SGD Apr 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 0.0472 SGD – 0.1453 SGD · fair‑value band 0.1500 SGD – 0.2500 SGD · the 0.0990 SGD price screens below the 0.2000 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HIAP TONG CORPORATION LTD. (5PO) currently trades at 0.0990 SGD, while our model-based Fair Value estimate is 0.2000 SGD, implying the stock looks roughly 102.0% undervalued today. The Quality Score stands at 61/100 (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, HIAP TONG CORPORATION LTD. generated revenue of 89.2M SGD at a net margin of 3.4%. Revenue declined 7.6% year over year. It earns a return on equity of 3.0%. Net debt stands at 1.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.1500 SGD (bear case) to 0.2500 SGD (bull case); at 0.0990 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 30% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at 102%, 5PO 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 0.5400 SGD 0.6900 SGD 0.8600 SGD 80
Residual Income 0.2100 SGD 0.1900 SGD 0.1400 SGD 76
Rev-Margin DCF 0.3200 SGD 0.4000 SGD 0.4900 SGD 74
All 23 models by family
DCF Models
FCF DCF 0.5400 SGD 0.7000 SGD 0.9100 SGD 38
Owner Earnings 0.5000 SGD 0.6500 SGD 0.8400 SGD 31
5Y Revenue Exit 0.3200 SGD 0.3900 SGD 0.4700 SGD 39
5Y EBITDA Exit 0.5700 SGD 0.8400 SGD 1.14 SGD 41
5Y P/E Exit 0.3300 SGD 0.4100 SGD 0.4900 SGD 38
10Y Revenue Exit 0.4100 SGD 0.4900 SGD 0.5800 SGD 36
10Y EBITDA Exit 0.5500 SGD 0.7500 SGD 1.00 SGD 37
10Y P/E Exit 0.4200 SGD 0.5000 SGD 0.5900 SGD 35
Earnings-Based
Graham-Dodd 0.0600 SGD 0.1700 SGD 0.2200 SGD 54
PEG = 1.0 0.0300 SGD 0.0500 SGD 0.0600 SGD 46
EPV 0.0800 SGD 0.0800 SGD 0.0900 SGD 59
Multiples
P/E Multiple 0.1500 SGD 0.2000 SGD 0.2500 SGD 63
P/S Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 58
P/B Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 55
EV/EBIT 0.1900 SGD 0.2500 SGD 0.3000 SGD 53
EV/EBITDA 0.6700 SGD 0.8800 SGD 1.09 SGD 54
EV/Revenue 0.1500 SGD 0.2000 SGD 0.2500 SGD 43
Asset-Based
NCAV (Graham) 0.1600 SGD 0.2200 SGD 0.3200 SGD 50
Growth DCF
Growth DCF 0.5400 SGD 0.6900 SGD 0.8600 SGD 80
Rev-Margin DCF 0.3200 SGD 0.4000 SGD 0.4900 SGD 74
Economic Profit
Residual Income 0.2100 SGD 0.1900 SGD 0.1400 SGD 76
ROIC Compounder 0.0800 SGD 0.0800 SGD 0.0900 SGD 72
Growth Earnings
Growth-Adj P/E 0.1200 SGD 0.1700 SGD 0.2200 SGD 68

Widest divergence: DCF Models (0.5000 SGD) versus Earnings-Based (0.0800 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 89.2M SGD
Revenue growth (YoY) -7.6%
Net margin 3.4%
Return on equity 3.0%
Free cash flow 19.8M SGD FY2026
P/E ratio 9.9
More key figures
Operating margin 0.1%
EPS (TTM) 0.0100 SGD
Dividend yield 0.9%
EPS growth (YoY) -22.4%
Net debt 1.5M SGD FY2025

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 39

Profitability 25
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 77
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

Hiap Tong Corporation Ltd., together with its subsidiaries, engages in the provision of hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia. The company operates through Lifting and Haulage Services, and Manpower Services segments.

Full company description

Hiap Tong Corporation Ltd., together with its subsidiaries, engages in the provision of hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia. The company operates through Lifting and Haulage Services, and Manpower Services segments. It rents cranes, prime movers, heavy machinery, and equipment; trades in cranes and heavy equipment; and offers onsite consultation and inspection services. The company also provides labor support services for container lashing/unlashing prime mover driving, as well as repair and maintenance services for motor vehicles. In addition, it is involved in the provision of work train operation services, as well as onsite consultation and inspection services. The company was founded in 1978 and is based in Singapore. Hiap Tong Corporation Ltd. is a subsidiary of Tembusu Asia Holdings Pte. Ltd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HIAP TONG CORPORATION LTD. reported revenue of 89.2M SGD in FY2026 versus 68.1M SGD in FY2022, a compound +7.0%/yr. Reported net income was 3.0M SGD in FY2026, compounding +16.9%/yr from FY2022.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
89.2M SGD
Latest YoY
−3.0%
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.
−3.4%
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.
+10.4%
Avg. growth/yr (12Y) 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.
+5.7%
Revenue +7.0%/yr
FY22 68.1M SGD
FY23 98.8M SGD
FY24 92.3M SGD
FY25 91.9M SGD
FY26 89.2M SGD
Net income +16.9%/yr
FY22 1.6M SGD
FY23 13.8M SGD
FY24 4.1M SGD
FY25 3.1M SGD
FY26 3.0M SGD

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Cite: Fair Value Calculator (2026). "HIAP TONG CORPORATION LTD. Fair Value". https://www.fairvalue-calculator.com/stock/5PO

Peer Group

Rental & Leasing Services · 96 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 61 · Top 25%
Fair Value upside +102% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -8% · Below median
Dividend yield (TTM) 0.9% · Bottom 25%

Valuation Multiples vs Rental & Leasing Services median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than median
P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.30× · Cheaper than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 0.8× · 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 49
FUTURE 0 · sector 18
PAST 12 · sector 26
HEALTH 100 · sector 69
DIVIDEND 19 · sector 48

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 Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Rentals, Inc URI $1,129 $449.86 -60%
Sunbelt Rentals Holdings SUNB $84.80 $65.76 -22%
AerCap Holdings AER $150.25 $301.51 +101%
Ryder System, Inc R $262.96 $109.71 -58%
Ayvens AYV €11.68 €25.90 +122%
Localiza Rent a Car S.A RENT3 R$34.71 R$37.01 +7%
Element Fleet Management Corp EFN C$27.95 C$15.06 -46%
BOC Aviation Limited 2588 HK$74.40 HK$18.61 -75%
GATX Corporation GATX $177.56 $140.90 -21%
Avis Budget Group CAR $139.58 $158.11 +13%

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Frequently asked questions

Is HIAP TONG CORPORATION LTD. (5PO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.2000 SGD versus a price of 0.0990 SGD, about +102% (undervalued).
What is the fair value of 5PO?
Our model-based fair value for HIAP TONG CORPORATION LTD. is 0.2000 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0990 SGD.
What is the quality score of 5PO?
HIAP TONG CORPORATION LTD. has a Quality Score of 61/100. 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 HIAP TONG CORPORATION LTD. (5PO)?
HIAP TONG CORPORATION LTD. reported trailing-twelve-month revenue of about 89.2M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5PO?
The net profit margin of HIAP TONG CORPORATION LTD. is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does HIAP TONG CORPORATION LTD. pay a dividend?
HIAP TONG CORPORATION LTD. currently shows a dividend yield of about 0.93% 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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