HG Metal Manufacturing Limited (BTG) Fair Value & Analysis
Basic Materials · SG · Market cap 139M SGD
Fair value as of: Jul 4, 2026
From 23 valuation models · updated today
Share price −3.8% over the past month.
Price vs Fair Value (12 months)
12‑month range 0.3610 SGD – 0.6850 SGD · fair‑value band 0.2900 SGD – 0.4900 SGD · the 0.5050 SGD price screens above the 0.3900 SGD fair value. As of Jul 4, 2026.
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HG Metal Manufacturing Limited (BTG) currently trades at 0.5050 SGD, while our model-based Fair Value estimate is 0.3900 SGD — implying the stock looks roughly 22.8% overvalued today. We read business quality at 57/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, HG Metal Manufacturing Limited generated revenue of 169M SGD at a net margin of 5.6%. Revenue declined 5.1% year over year. It earns a return on equity of 6.6%. Net debt stands at 19.8M SGD. Fundamentals as of Jul 4, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.
About the company
HG Metal Manufacturing Limited, an investment holding company, trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore. The company operates through Trading, Manufacturing, and Others segments. It offers various steel products, such as angle bars, flat bars, round bar, square bars, deformed bars, steel plates, hollow sections, channels, beams/columns, pipes, gratings, and coupler and threads, rebar, and wire mesh. The company also manufactures, trades in, and fabricates steel structures and parts. In addition, it manufactures and supplies steel material to the construction industry, as well as offers logistics, supply chain, and warehousing services. Further, the company provides engineering services; and steel finishing and customized services, including galvanising, coating, cutting, and drilling, as well as rental of plates and beams. Additionally, it is involved in sourcing, retailing, trading, and distributing steel products. The company was founded in 1971 and …
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
HG Metal Manufacturing Limited reported revenue of 158M SGD in FY2024 versus 91.7M SGD in FY2020, a compound +14.5%/yr. Reported net income was 6.3M SGD in FY2024, compounding +57.5%/yr from FY2020.
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Similar stocks
6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2110 | $0.0100 | -95% |
| Nucor Corporation NUE | $254.39 | $83.10 | -67% |
| ArcelorMittal S.A ARMT34 | R$166.77 | R$110.23 | -34% |
| JSW Steel Limited JSWSTEEL | ₹1,282 | ₹1,113 | -13% |
| Baoshan Iron & Steel Co 600019 | ¥5.75 | ¥8.07 | +40% |
| China Steel Corporation 2002A | 38.45 TWD | 11.94 TWD | -69% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.