HRNETGROUP LIMITED (CHZ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of HRNETGROUP LIMITED S$1.02, price S$0.70, upside +46.8%, quality 71 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 Oct 1, 2026.
How to read this chart
60‑month range 0.5424 SGD – 0.7550 SGD · fair‑value band 0.7900 SGD – 1.26 SGD · the 0.6950 SGD price screens below the 1.02 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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HRnetGroup Limited engages in the recruitment and staffing business in Singapore, Hong Kong, Taiwan, the People's Republic of China, Japan, South Korea, Malaysia, Thailand, Vietnam, and Indonesia. The company operates through Professional Recruitment, Flexible Staffing, and Others segments.
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HRnetGroup Limited engages in the recruitment and staffing business in Singapore, Hong Kong, Taiwan, the People's Republic of China, Japan, South Korea, Malaysia, Thailand, Vietnam, and Indonesia. The company operates through Professional Recruitment, Flexible Staffing, and Others segments. It offers personnel recruitment and human resource (HR) related services; employment, recruitment, and personnel placement agency services; executive search services; payroll, and temporary and contracted staffing services; and executive and management recruitment, as well as management consultancy services. The company also provides recruitment process outsourcing services, such as workplace analysis and planning; contract negotiation; customized recruitment process and assessment; onboarding and offboarding; recruitment marketing programs; employee liaison and management; contract negotiation; interviews, recommendations, and selection; and labor dispatch services, as well as manages HR functions and HR consultancy services. In addition, it is involved in private employees procurement agency business licensing and information technology consultancy activities. The company serves IT and tech, retail and consumer, healthcare life science, manufacturing, services, financial and insurance, and other industries, as well as government. It provides services under the HRnetOne, Recruit Express, PeopleSearch, SearchAsia, RecruitFirst, Recruit Legal, YesPay!, HRnetRimbun, REForce, Octomate, AllwaysHRnet, Recruit Fast, Crew, LEAPS, AllwaysFirst, Center Point Personnel, DouDou, and EASE. The company was founded in 1992 and is based in Singapore. HRnetGroup Limited is a subsidiary of SIMCO Ltd.
Stock analysis
HRNETGROUP LIMITED (CHZ) currently trades at 0.6950 SGD, while our model-based Fair Value estimate is 1.02 SGD, implying the stock looks roughly 31.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.9700 SGD per share, and 18 of the 23 models we run sit above the 0.6950 SGD price.
Bear case: the Asset-Based group reads lowest at 0.2700 SGD, and 5 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.7900 SGD (bear) to 1.26 SGD (bull), the price of 0.6950 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HRNETGROUP LIMITED reported revenue of 584M SGD in FY2025 versus 591M SGD in FY2021, a compound −0.3%/yr. Reported net income was 51.2M SGD in FY2025, compounding −6.0%/yr from FY2021.
Key figures
Market cap 687M SGD (≈ $538M) · P/E ratio 17.4 · P/S ratio 1.52 · EPS (TTM) 0.0400 SGD · Dividend yield 6.3% · Net margin 8.8% · Return on equity 11.0% · Return on assets (EBIT) 12.9%.
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 about 8% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 18% fair-value upside, at 47%, CHZ screens cheaper than that median.
Fair Value models
Bear 0.7900 SGDFair Value 1.02 SGDBull 1.26 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.0%
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.
−1.5%
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.
+6.2%
Start year 2020 (pandemic). Over 10 years: +5.1% 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.
+5.5%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)6.3%
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.14% → 9%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−9.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −11.5% a year for the price and +2.8% for the forecasts.
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.Staffing & Employment Services · 81 stocks
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). "HRNETGROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/CHZ
Frequently asked questions
Is HRNETGROUP LIMITED (CHZ) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 1.02 SGD versus a price of 0.6950 SGD, about +47% upside (undervalued).
What is the fair value of CHZ?
Our model-based fair value for HRNETGROUP LIMITED is 1.02 SGD (as of Oct 1, 2026), built from audited fundamentals. The current price: 0.6950 SGD.
What is the quality score of CHZ?
HRNETGROUP LIMITED has a Quality Score of 71/100. 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 HRNETGROUP LIMITED (CHZ)?
Our model-based price target is the fair value of 1.02 SGD (as of Oct 1, 2026) from 23 valuation models. Cautious scenario 0.7900 SGD, optimistic scenario 1.26 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the HRNETGROUP LIMITED stock forecast for 2026?
Our models put fair value at 1.02 SGD, about +47% upside versus a price of 0.6950 SGD (undervalued). Cautious scenario 0.7900 SGD, optimistic scenario 1.26 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of HRNETGROUP LIMITED (CHZ)?
HRNETGROUP LIMITED reported trailing-twelve-month revenue of about 581M SGD (latest available figure, as of Oct 1, 2026).
Does HRNETGROUP LIMITED pay a dividend?
HRNETGROUP LIMITED currently shows a dividend yield of about 6.33% relative to its recent price (as of Oct 1, 2026).
What growth is priced into HRNETGROUP LIMITED (CHZ)?
For today's price to be fair in a discounted-cash-flow model, HRNETGROUP LIMITED would have to grow free cash flow by -9.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.2 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of CHZ use?
Our models discount HRNETGROUP LIMITED at 9.6 %: a base by market capitalisation (small), damped by beta 0.13, 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 HRNETGROUP LIMITED that is -9.7 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has HRNETGROUP LIMITED (CHZ) delivered so far?
Over the past 5 years revenue at HRNETGROUP LIMITED grew +6.2 % a year. The price currently implies -9.7 % 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 HRNETGROUP LIMITED (CHZ) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into HRNETGROUP LIMITED (-9.7 % 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 HRNETGROUP LIMITED (CHZ)?
The free-cash-flow yield on the price is 7.56 %: that much free cash flow HRNETGROUP LIMITED produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HRNETGROUP LIMITED (CHZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HRNETGROUP LIMITED it is 1.02 SGD per share (as of Oct 1, 2026), against a price of 0.6950 SGD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is HRNETGROUP LIMITED stock overvalued or undervalued in 2026?
As of Oct 1, 2026, CHZ trades below its calculated fair value: price 0.6950 SGD, fair value 1.02 SGD, a gap of about +47% (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 CHZ?
No. The price is what the market pays today (0.6950 SGD); the fair value is what the company's own numbers justify (1.02 SGD). For HRNETGROUP LIMITED the two are 0.3250 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is HRNETGROUP LIMITED worth?
The market values HRNETGROUP LIMITED at about 687M SGD (market capitalisation, as of Oct 1, 2026). Per share that is 0.6950 SGD; our models calculate a fair value of 1.02 SGD per share.
What do the bullish and bearish scenarios say about CHZ?
Our models span a range for HRNETGROUP LIMITED: cautious scenario 0.7900 SGD, base 1.02 SGD, optimistic 1.26 SGD per share (as of Oct 1, 2026, price 0.6950 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHZ?
HRNETGROUP LIMITED trades at a price-to-earnings ratio of 17.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.02 SGD is built from several models across several years. Other multiples: PEG 6.0, P/B 1.7, P/S 1.2, EV/EBITDA 9.1.
What is the PEG ratio of CHZ?
The PEG ratio of HRNETGROUP LIMITED is 6.00 (P/E divided by earnings growth, as of Oct 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of HRNETGROUP LIMITED (CHZ)?
Balance-sheet figures for HRNETGROUP LIMITED (as of Oct 1, 2026): return on equity 11.0%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is CHZ from its 52-week high?
HRNETGROUP LIMITED trades at 0.6950 SGD, about 8% below its 52-week high of 0.7550 SGD and 1% above the low of 0.6893 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1.02 SGD is for.
Which stocks are comparable to HRNETGROUP LIMITED?
From the same area (Industrials) we also value Adecco Group, Korn Ferry,, Robert Half Inc, TriNet Group, 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 HRNETGROUP LIMITED stock attractive at the current price?
The data as of Oct 1, 2026: price 0.6950 SGD, calculated fair value 1.02 SGD (+47%), Quality Score 71/100, from 23 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 CHZ calculated?
We run HRNETGROUP LIMITED through 23 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 1.02 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. HRNETGROUP LIMITED currently trades 32 % 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 HRNETGROUP LIMITED (CHZ)?
The closing price on Oct 2, 2026 was 0.6950 SGD. Our model-based fair value is 1.02 SGD, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HRNETGROUP LIMITED right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (0.7900 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.
Key figures of HRNETGROUP LIMITED
How large is the market capitalisation of HRNETGROUP LIMITED (CHZ)?
The market capitalisation of HRNETGROUP LIMITED is 687M SGD (≈ $538M). 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 HRNETGROUP LIMITED (CHZ)?
The price-to-sales ratio of HRNETGROUP LIMITED is 1.52 (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 HRNETGROUP LIMITED (CHZ)?
Earnings per share at HRNETGROUP LIMITED are 0.0400 SGD (price ÷ EPS = P/E 17.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HRNETGROUP LIMITED (CHZ)?
The dividend yield of HRNETGROUP LIMITED is 6.3% (payout 110%). 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 HRNETGROUP LIMITED (CHZ)?
The net margin of HRNETGROUP LIMITED is 8.8% (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 HRNETGROUP LIMITED (CHZ)?
The return on equity (ROE) of HRNETGROUP LIMITED is 11.0% (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 HRNETGROUP LIMITED (CHZ)?
On an EBIT basis the return on assets of HRNETGROUP LIMITED is 12.9% (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 HRNETGROUP LIMITED (CHZ)?
The operating margin of HRNETGROUP LIMITED is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HRNETGROUP LIMITED (CHZ)?
Revenue at HRNETGROUP LIMITED is growing −1.1% versus a year earlier (3y avg −1.5%). 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 HRNETGROUP LIMITED (CHZ)?
Earnings per share at HRNETGROUP LIMITED are growing −30.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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