HAFARY HOLDINGS LIMITED (5VS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of HAFARY HOLDINGS LIMITED S$1.58, price S$0.64, upside +146.9%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch HAFARY HOLDINGS LIMITED for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 0.1068 SGD – 0.6400 SGD · fair‑value band 0.9900 SGD – 2.06 SGD · the 0.6400 SGD price screens below the 1.58 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow HAFARY HOLDINGS in your weekly email
Every Wednesday you see whether HAFARY HOLDINGS is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hafary Holdings Limited, an investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials. It operates through four segments: General, Project, Manufacturing, and Others segments.
Show more
Hafary Holdings Limited, an investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials. It operates through four segments: General, Project, Manufacturing, and Others segments. The General segment offers its products for architecture, interior design, and renovation firms for home renovation or small property development. The Project segment engages in the provision of products for customers involved in property development projects, as well as in residential, commercial, public, and industrial sectors for architecture firms, property developers, and construction companies. The Manufacturing segment manufactures and sells ceramic tiles for property developers, wholesalers, and distributors. The Others segment engages in the investment activities, including property rental activities. It offers tile, stone, mosaic, wood-flooring, countertop, and sanitary ware and fitting products. The company also engages in the storage and warehousing of furniture and related products; and cutting, shaping, and finishing of stones. It has operations in Singapore, Malaysia, the Socialist Republic of Vietnam, the People's Republic of China, the Republic of the Union of Myanmar, the United States, Taiwan, Thailand, Australia, the Philippines, the Republic of Indonesia, Japan, Hong Kong, Cambodia, and internationally. The company was incorporated in 1980 and is headquartered in Singapore. Hafary Holdings Limited operates as a subsidiary of Hap Seng Consolidated Berhad.
Stock analysis
HAFARY HOLDINGS LIMITED (5VS) currently trades at 0.6400 SGD, while our model-based Fair Value estimate is 1.58 SGD, implying the stock looks roughly 59.5% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 1.63 SGD per share, and 20 of the 24 models we run sit above the 0.6400 SGD price.
Bear case: the Asset-Based group reads lowest at 0.2300 SGD, and 4 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.9900 SGD (bear) to 2.06 SGD (bull), the price of 0.6400 SGD sits below 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 58/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HAFARY HOLDINGS LIMITED reported revenue of 287M SGD in FY2025 versus 130M SGD in FY2021, a compound +21.9%/yr. Reported net income was 29.9M SGD in FY2025, compounding +26.7%/yr from FY2021.
Key figures
Market cap 276M SGD (≈ $215M) · P/E ratio 10.7 · P/S ratio 1.11 · EPS (TTM) 0.0600 SGD · Dividend yield 2.3% · Net margin 10.4% · Return on equity 18.8% · Return on assets (EBIT) 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at 147%, 5VS screens cheaper than that median.
Fair Value models
Bear 0.9900 SGDFair Value 1.58 SGDBull 2.06 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0339 SGD per share) are deliberately not added.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.1%
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.
+19.3%
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.
+27.8%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 11 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.
+9.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.2%
Dividend (yield on the price)2.3%
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.24.2% vs 12.0%, picking up
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.9% → 15%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+2.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +0.1% a year for the price.
Compare HAFARY HOLDINGS LIMITED with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Building Products & Equipment · 251 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+146.9% · Top 25%
Profitability
Return on equity (TTM)18.8% · Top 25%
Return on assets5.3% · Above median
Net margin (TTM)9.9% · Top 25%
Operating margin (TTM)14.3% · Top 25%
Growth and dividend
Revenue growth−10.4% · Bottom 25%
Dividend yield (TTM)2.3% · Above median
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Building Products & Equipment 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.
Is HAFARY HOLDINGS LIMITED (5VS) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 1.58 SGD versus a price of 0.6400 SGD, about +147% upside (undervalued).
What is the fair value of 5VS?
Our model-based fair value for HAFARY HOLDINGS LIMITED is 1.58 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.6400 SGD.
What is the quality score of 5VS?
HAFARY HOLDINGS LIMITED has a Quality Score of 58/100. 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 HAFARY HOLDINGS LIMITED (5VS)?
Our model-based price target is the fair value of 1.58 SGD (as of Oct 2, 2026) from 24 valuation models. Cautious scenario 0.9900 SGD, optimistic scenario 2.06 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the HAFARY HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 1.58 SGD, about +147% upside versus a price of 0.6400 SGD (undervalued). Cautious scenario 0.9900 SGD, optimistic scenario 2.06 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of HAFARY HOLDINGS LIMITED (5VS)?
HAFARY HOLDINGS LIMITED reported trailing-twelve-month revenue of about 273M SGD (latest available figure, as of Oct 2, 2026).
Does HAFARY HOLDINGS LIMITED pay a dividend?
HAFARY HOLDINGS LIMITED currently shows a dividend yield of about 2.34% relative to its recent price (as of Oct 2, 2026).
What growth is priced into HAFARY HOLDINGS LIMITED (5VS)?
For today's price to be fair in a discounted-cash-flow model, HAFARY HOLDINGS LIMITED would have to grow free cash flow by +2.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 5VS use?
Our models discount HAFARY HOLDINGS LIMITED at 11.0 %: a base by market capitalisation (micro), damped by beta 0.00, country premium for Singapore. 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 HAFARY HOLDINGS LIMITED that is +2.2 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has HAFARY HOLDINGS LIMITED (5VS) delivered so far?
Over the past 5 years revenue at HAFARY HOLDINGS LIMITED grew +27.8 % a year. The price currently implies +2.2 % 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 HAFARY HOLDINGS LIMITED (5VS) growing?
The median revenue growth in the sector is +6.3 % a year. That is the yardstick for the growth priced into HAFARY HOLDINGS LIMITED (+2.2 % 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 HAFARY HOLDINGS LIMITED (5VS)?
The free-cash-flow yield on the price is 16.72 %: that much free cash flow HAFARY HOLDINGS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HAFARY HOLDINGS LIMITED (5VS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HAFARY HOLDINGS LIMITED it is 1.58 SGD per share (as of Oct 2, 2026), against a price of 0.6400 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is HAFARY HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 5VS trades below its calculated fair value: price 0.6400 SGD, fair value 1.58 SGD, a gap of about +147% (undervalued). 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 5VS?
No. The price is what the market pays today (0.6400 SGD); the fair value is what the company's own numbers justify (1.58 SGD). For HAFARY HOLDINGS LIMITED the two are 0.9400 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is HAFARY HOLDINGS LIMITED worth?
The market values HAFARY HOLDINGS LIMITED at about 276M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.6400 SGD; our models calculate a fair value of 1.58 SGD per share.
What do the bullish and bearish scenarios say about 5VS?
Our models span a range for HAFARY HOLDINGS LIMITED: cautious scenario 0.9900 SGD, base 1.58 SGD, optimistic 2.06 SGD per share (as of Oct 2, 2026, price 0.6400 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5VS?
HAFARY HOLDINGS LIMITED trades at a price-to-earnings ratio of 10.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.58 SGD is built from several models across several years. Other multiples: P/B 1.9, P/S 1.0, EV/EBITDA 7.2.
How solid is the balance sheet of HAFARY HOLDINGS LIMITED (5VS)?
Balance-sheet figures for HAFARY HOLDINGS LIMITED (as of Oct 2, 2026): return on equity 18.8%, debt of 0.94 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 5VS from its 52-week high?
HAFARY HOLDINGS LIMITED trades at 0.6400 SGD, at its 52-week high of 0.6400 SGD and 44% above the low of 0.4450 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 1.58 SGD is for.
Which stocks are comparable to HAFARY HOLDINGS LIMITED?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 HAFARY HOLDINGS LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 0.6400 SGD, calculated fair value 1.58 SGD (+147%), Quality Score 58/100, from 24 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 5VS calculated?
We run HAFARY HOLDINGS LIMITED through 24 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 1.58 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. HAFARY HOLDINGS LIMITED currently trades 59 % below its own fair value, and the market average says nothing about that. 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 HAFARY HOLDINGS LIMITED (5VS)?
The closing price on Oct 1, 2026 was 0.6400 SGD. Our model-based fair value is 1.58 SGD, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HAFARY HOLDINGS LIMITED right now?
The price is below even our cautious bear case (0.9900 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.9900 SGD to 2.06 SGD) leaves room in how you read the outcome.
Key figures of HAFARY HOLDINGS LIMITED
How large is the market capitalisation of HAFARY HOLDINGS LIMITED (5VS)?
The market capitalisation of HAFARY HOLDINGS LIMITED is 276M SGD (≈ $215M). 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 HAFARY HOLDINGS LIMITED (5VS)?
The price-to-sales ratio of HAFARY HOLDINGS LIMITED is 1.11 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HAFARY HOLDINGS LIMITED (5VS)?
Earnings per share at HAFARY HOLDINGS LIMITED are 0.0600 SGD (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HAFARY HOLDINGS LIMITED (5VS)?
The dividend yield of HAFARY HOLDINGS LIMITED is 2.3% (payout 25.0%). 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 HAFARY HOLDINGS LIMITED (5VS)?
The net margin of HAFARY HOLDINGS LIMITED is 10.4% (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 HAFARY HOLDINGS LIMITED (5VS)?
The return on equity (ROE) of HAFARY HOLDINGS LIMITED is 18.8% (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 HAFARY HOLDINGS LIMITED (5VS)?
On an EBIT basis the return on assets of HAFARY HOLDINGS LIMITED is 9.6% (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 HAFARY HOLDINGS LIMITED (5VS)?
The operating margin of HAFARY HOLDINGS LIMITED is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HAFARY HOLDINGS LIMITED (5VS)?
Revenue at HAFARY HOLDINGS LIMITED is growing −10.4% versus a year earlier (3y avg +19.3%). 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 HAFARY HOLDINGS LIMITED (5VS)?
Earnings per share at HAFARY HOLDINGS LIMITED are growing −22.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HAFARY HOLDINGS LIMITED (5VS) carry?
The net debt of HAFARY HOLDINGS LIMITED is 235M SGD (fiscal year 2025, ≈ 5.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch HAFARY HOLDINGS LIMITED in the live analysis
One click puts HAFARY HOLDINGS LIMITED on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
