HONG FOK CORPORATION LTD (H30) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of HONG FOK CORPORATION LTD S$0.61, price S$0.91, upside -32.6%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Hong Fok Corporation Limited, an investment holding company, engages in property investment, construction, development, and management activities in Singapore. The company invests in offices, shops, restaurant, hotel, car park, residential, retail, and commercial properties.
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Hong Fok Corporation Limited, an investment holding company, engages in property investment, construction, development, and management activities in Singapore. The company invests in offices, shops, restaurant, hotel, car park, residential, retail, and commercial properties. It also offers investment trading, holding, and management services, as well as maintenance services. The company was incorporated in 1967 and is based in Singapore.
Stock analysis
HONG FOK CORPORATION LTD (H30) currently trades at 0.9050 SGD, while our model-based Fair Value estimate is 0.6100 SGD, 32.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.96 SGD per share, and 2 of the 11 models we run sit above the 0.9050 SGD price.
Bear case: the DCF Models group reads lowest at 0.0800 SGD, and 9 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4600 SGD (bear) to 0.7600 SGD (bull), the price of 0.9050 SGD sits above 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 69/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HONG FOK CORPORATION LTD reported revenue of 98.3M SGD in FY2025 versus 90.5M SGD in FY2021, a compound +2.1%/yr. Reported net income was 28.5M SGD in FY2025, compounding −7.5%/yr from FY2021.
Key figures
Market cap 737M SGD (≈ $575M) · P/E ratio 18.1 · P/S ratio 5.24 · EPS (TTM) 0.0500 SGD · Dividend yield 1.1% · Net margin 29.0% · Return on equity 1.1% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −33%, H30 screens richer than that median.
Fair Value models
Bear 0.4600 SGDFair Value 0.6100 SGDBull 0.7600 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 (0.0301 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.7%
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.
−13.9%
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.
+4.1%
Start year 2020 (pandemic). Over 10 years: +5.0% a year
Revenue growth 12 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.
−7.0%
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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. Basis: EBIT basis.
−10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.5%
Dividend (yield on the price)1.1%
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.−17.1% vs −10.4%, slowing
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.0% → 50%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+15.8%
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 +13.5% a year for the price.
Compare HONG FOK CORPORATION LTD with another stock
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.Real Estate Services · 526 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−32.6% · Below median
Profitability
Return on equity (TTM)1.1% · Below median
Return on assets0.9% · Below median
Net margin (TTM)28.9% · Above median
Operating margin (TTM)47.8% · Above median
Growth and dividend
Revenue growth16.7% · Top 25%
Dividend yield (TTM)1.1% · Bottom 25%
Balance sheet
Debt / equity0.29× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)18.1× · Pricier than median
P/B0.25× · Cheapest 25%
P/S (TTM)5.42× · Priciest 25%
P/FCF12.0× · Pricier than median
EV/EBITDA23.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)84· sector 15
PAST (return on equity)5· sector 17
HEALTH (low debt)86· sector 83
DIVIDEND (yield)22· sector 63
VALUE 0: the price sits above our fair-value range.
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 HONG FOK CORPORATION LTD (H30) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 0.6100 SGD versus a price of 0.9050 SGD, about −33% upside (overvalued).
What is the fair value of H30?
Our model-based fair value for HONG FOK CORPORATION LTD is 0.6100 SGD (as of Oct 1, 2026), built from audited fundamentals. The current price: 0.9050 SGD.
What is the quality score of H30?
HONG FOK CORPORATION LTD has a Quality Score of 69/100. 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 HONG FOK CORPORATION LTD (H30)?
Our model-based price target is the fair value of 0.6100 SGD (as of Oct 1, 2026) from 14 valuation models. Cautious scenario 0.4600 SGD, optimistic scenario 0.7600 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the HONG FOK CORPORATION LTD stock forecast for 2026?
Our models put fair value at 0.6100 SGD, about −33% upside versus a price of 0.9050 SGD (overvalued). Cautious scenario 0.4600 SGD, optimistic scenario 0.7600 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of HONG FOK CORPORATION LTD (H30)?
HONG FOK CORPORATION LTD reported trailing-twelve-month revenue of about 106M SGD (latest available figure, as of Oct 1, 2026).
Does HONG FOK CORPORATION LTD pay a dividend?
HONG FOK CORPORATION LTD currently shows a dividend yield of about 1.10% relative to its recent price (as of Oct 1, 2026).
What growth is priced into HONG FOK CORPORATION LTD (H30)?
For today's price to be fair in a discounted-cash-flow model, HONG FOK CORPORATION LTD would have to grow free cash flow by +15.8 % 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 +4.1 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of H30 use?
Our models discount HONG FOK CORPORATION LTD at 9.6 %: a base by market capitalisation (small), damped by beta 0.15, 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 HONG FOK CORPORATION LTD that is +15.8 % 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 HONG FOK CORPORATION LTD (H30) delivered so far?
Over the past 5 years revenue at HONG FOK CORPORATION LTD grew +4.1 % a year. The price currently implies +15.8 % 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 HONG FOK CORPORATION LTD (H30) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into HONG FOK CORPORATION LTD (+15.8 % 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 HONG FOK CORPORATION LTD (H30)?
The free-cash-flow yield on the price is 6.49 %: that much free cash flow HONG FOK CORPORATION LTD 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 HONG FOK CORPORATION LTD (H30)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HONG FOK CORPORATION LTD it is 0.6100 SGD per share (as of Oct 1, 2026), against a price of 0.9050 SGD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is HONG FOK CORPORATION LTD stock overvalued or undervalued in 2026?
As of Oct 1, 2026, H30 trades above its calculated fair value: price 0.9050 SGD, fair value 0.6100 SGD, a gap of about −33% (overvalued). 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 H30?
No. The price is what the market pays today (0.9050 SGD); the fair value is what the company's own numbers justify (0.6100 SGD). For HONG FOK CORPORATION LTD the two are 0.2950 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is HONG FOK CORPORATION LTD worth?
The market values HONG FOK CORPORATION LTD at about 737M SGD (market capitalisation, as of Oct 1, 2026). Per share that is 0.9050 SGD; our models calculate a fair value of 0.6100 SGD per share.
What do the bullish and bearish scenarios say about H30?
Our models span a range for HONG FOK CORPORATION LTD: cautious scenario 0.4600 SGD, base 0.6100 SGD, optimistic 0.7600 SGD per share (as of Oct 1, 2026, price 0.9050 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of H30?
HONG FOK CORPORATION LTD trades at a price-to-earnings ratio of 18.1 (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 0.6100 SGD is built from several models across several years. Other multiples: P/B 0.3, P/S 5.4, EV/EBITDA 23.7.
How solid is the balance sheet of HONG FOK CORPORATION LTD (H30)?
Balance-sheet figures for HONG FOK CORPORATION LTD (as of Oct 1, 2026): return on equity 1.1%, debt of 0.29 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is H30 from its 52-week high?
HONG FOK CORPORATION LTD trades at 0.9050 SGD, about 15% below its 52-week high of 1.06 SGD and 25% above the low of 0.7228 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6100 SGD is for.
Which stocks are comparable to HONG FOK CORPORATION LTD?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, 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 HONG FOK CORPORATION LTD stock attractive at the current price?
The data as of Oct 1, 2026: price 0.9050 SGD, calculated fair value 0.6100 SGD (−33%), Quality Score 69/100, from 14 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 H30 calculated?
We run HONG FOK CORPORATION LTD through 14 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 0.6100 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. HONG FOK CORPORATION LTD itself currently trades above fair value. 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 HONG FOK CORPORATION LTD (H30)?
The closing price on Oct 1, 2026 was 0.9050 SGD. Our model-based fair value is 0.6100 SGD, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HONG FOK CORPORATION LTD right now?
The price sits above even our optimistic bull case (0.7600 SGD). The favourable scenario is already priced in. 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 but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of HONG FOK CORPORATION LTD
How large is the market capitalisation of HONG FOK CORPORATION LTD (H30)?
The market capitalisation of HONG FOK CORPORATION LTD is 737M SGD (≈ $575M). 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 HONG FOK CORPORATION LTD (H30)?
The price-to-sales ratio of HONG FOK CORPORATION LTD is 5.24 (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 HONG FOK CORPORATION LTD (H30)?
Earnings per share at HONG FOK CORPORATION LTD are 0.0500 SGD (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HONG FOK CORPORATION LTD (H30)?
The dividend yield of HONG FOK CORPORATION LTD is 1.1% (payout 20.0%). 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 HONG FOK CORPORATION LTD (H30)?
The net margin of HONG FOK CORPORATION LTD is 29.0% (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 HONG FOK CORPORATION LTD (H30)?
The return on equity (ROE) of HONG FOK CORPORATION LTD is 1.1% (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 HONG FOK CORPORATION LTD (H30)?
On an EBIT basis the return on assets of HONG FOK CORPORATION LTD is 1.4% (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 HONG FOK CORPORATION LTD (H30)?
The operating margin of HONG FOK CORPORATION LTD is 47.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HONG FOK CORPORATION LTD (H30)?
Revenue at HONG FOK CORPORATION LTD is growing +16.7% versus a year earlier (3y avg −13.9%). 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 HONG FOK CORPORATION LTD (H30)?
Earnings per share at HONG FOK CORPORATION LTD are growing +42.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HONG FOK CORPORATION LTD (H30) carry?
The net debt of HONG FOK CORPORATION LTD is 654M SGD (fiscal year 2025, ≈ 13.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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