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Ho Bee Land Limited (H13) Fair Value & Analysis

Real Estate · SG · Market cap 1.3B SGD

HB Ho Bee Land Limited H13 · SG
Price2.03 SGD
Fair Value2.57 SGD
Upside+26.6%
Quality62/100
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Evidence: High Range 1.92 SGD – 3.21 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated today

Share price −3.3% over the past month.

Price vs Fair Value (12 months)

2.44 SGD 1.93 SGD Fair Value 2.57 SGD Jul 2025 Jul 2026

12‑month range 1.93 SGD – 2.44 SGD · fair‑value band 1.92 SGD – 3.21 SGD · the 2.03 SGD price screens below the 2.57 SGD fair value. As of Jul 4, 2026.

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Analysis

Ho Bee Land Limited (H13) currently trades at 2.03 SGD, while our model-based Fair Value estimate is 2.57 SGD — implying the stock looks roughly 26.6% undervalued today. We read business quality at 62/100 (solid quality), in the Real Estate 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, Ho Bee Land Limited generated revenue of 446M SGD at a net margin of 22.5%. Revenue declined 19.6% year over year. It earns a return on equity of 2.7%. Net debt stands at 2.3B SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 446M SGD
Revenue growth (YoY) -19.6%
Net margin 22.5%
Return on equity 2.7%
Free cash flow 163M SGD FY2025
P/E ratio 13.5
More key figures
Operating margin 48.6%
EPS (TTM) 0.1500 SGD
Dividend yield 2.4%
EPS growth (YoY) -50.0%
Net debt 2.3B SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Ho Bee Land Limited is a real estate company. Listed on the Mainboard of the Singapore Exchange since 1999, Ho Bee has a global footprint that spans Australia, China, United Kingdom and Europe. Its portfolio covers many quality residential, commercial and high-tech industrial projects since its inception. In Singapore, Ho Bee is widely recognised as the pioneer developer of luxury homes in the exclusive residential enclave of Sentosa Cove. Other notable developments in Singapore include The Metropolis at one-north, the largest Grade A office development outside the Central Business District to-date, and Elementum, a cutting-edge biomedical sciences development slated to be completed by end-2023. In London, the company has a portfolio of eight investment properties, including The Scalpel, Ropemaker Place and 1 St Martin's Le Grand. Ho Bee is committed towards delivering quality homes and buildings for its stakeholders and contributing to a sustainable built environment. Ho Bee Land …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ho Bee Land Limited reported revenue of 440M SGD in FY2025 versus 348M SGD in FY2021, a compound +6.1%/yr. Reported net income was 100M SGD in FY2025, compounding −25.8%/yr from FY2021.

Revenue +6.1%/yr
FY21 348M SGD
FY22 436M SGD
FY23 445M SGD
FY24 528M SGD
FY25 440M SGD
Net income −25.8%/yr
FY21 331M SGD
FY22 166M SGD
FY23 −260M SGD
FY24 110M SGD
FY25 100M SGD

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Similar stocks

6 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

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Mitsubishi Estate Co MITEY $24.70 $13.49 -45%
Mitsui Fudosan Co MTSFF $9.40 $10.25 +9%
Henderson Land Development Company HLDVF $3.70 $2.19 -41%
Swiss Prime Site AG SPSN CHF 129.50 CHF 40.79 -69%
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Frequently asked questions

Is Ho Bee Land Limited (H13) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 2.57 SGD versus a price of 2.03 SGD — about +27% (undervalued). Model-based estimate, not financial advice.
What is the fair value of H13?
Our model-based fair value for Ho Bee Land Limited is 2.57 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 2.03 SGD.
What is the quality score of H13?
Ho Bee Land Limited has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ho Bee Land Limited (H13)?
Ho Bee Land Limited reported trailing-twelve-month revenue of about 446M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of H13?
The net profit margin of Ho Bee Land Limited is about 22.5%, meaning it keeps roughly 22.5% of revenue as net income. Based on the latest reported figures.
Does Ho Bee Land Limited pay a dividend?
Ho Bee Land Limited currently shows a dividend yield of about 2.44% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.