HOCK LIAN SENG HOLDINGS LTD (J2T) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of HOCK LIAN SENG HOLDINGS LTD S$0.42, price S$0.28, upside +52.7%, quality 44 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 Sep 27, 2026.
How to read this chart
60‑month range 0.1867 SGD – 0.4957 SGD · fair‑value band 0.4200 SGD – 0.4500 SGD · the 0.2750 SGD price screens below the 0.4200 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Hock Lian Seng Holdings Limited, an investment holding company, primarily provides civil engineering services to public and private sectors in Singapore. The company operates through three segments: Civil Engineering, Properties Development, and Properties Investment.
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Hock Lian Seng Holdings Limited, an investment holding company, primarily provides civil engineering services to public and private sectors in Singapore. The company operates through three segments: Civil Engineering, Properties Development, and Properties Investment. The Civil Engineering segment engages in infrastructure construction and civil engineering works for bridges, expressways, tunnels, and other infrastructure works for government and government related bodies. The Properties Development segment develops properties in the residential and industrial sectors. The Properties Investment segment invests in properties for renting and/or for capital appreciation and others. The company offers mass rapid transit, port facilities, water and sewage facilities. Hock Lian Seng Holdings Limited was founded in 1969 and is based in Singapore.
Stock analysis
HOCK LIAN SENG HOLDINGS LTD (J2T) currently trades at 0.2750 SGD, while our model-based Fair Value estimate is 0.4200 SGD, implying the stock looks roughly 34.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.6500 SGD per share, and 11 of the 15 models we run sit above the 0.2750 SGD price.
Bear case: the Economic Profit group reads lowest at 0.1800 SGD, and 4 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4200 SGD (bear) to 0.4500 SGD (bull), the price of 0.2750 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 44/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
HOCK LIAN SENG HOLDINGS LTD reported revenue of 186M SGD in FY2025 versus 169M SGD in FY2021, a compound +2.5%/yr. Reported net income was 17.0M SGD in FY2025, compounding −9.3%/yr from FY2021.
Key figures
Market cap 141M SGD (≈ $110M) · P/E ratio 11.7 · P/S ratio 1.07 · EPS (TTM) −0.0900 SGD · Dividend yield 4.0% · Net margin 9.1% · Return on equity −17.6% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 53%, J2T screens cheaper than that median.
Fair Value models
Bear 0.4200 SGDFair Value 0.4200 SGDBull 0.4500 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.39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.5%
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.
+9.3%
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.
+6.6%
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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.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)4.0%
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.6.3% vs −7.2%, picking up
Profit margin 2019 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% → 5%
Compare HOCK LIAN SENG HOLDINGS 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.Engineering & Construction · 789 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+52.7% · Top 25%
Profitability
Return on assets−9.0% · Bottom 25%
Net margin (TTM)−33.9% · Bottom 25%
Operating margin (TTM)−110.2% · Bottom 25%
Growth and dividend
Revenue growth−50.9% · Bottom 25%
Dividend yield (TTM)4.0% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Engineering & Construction 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.
Cite: Fair Value Calculator (2026). "HOCK LIAN SENG HOLDINGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/J2T
Frequently asked questions
Is HOCK LIAN SENG HOLDINGS LTD (J2T) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.4200 SGD versus a price of 0.2750 SGD, about +53% upside (undervalued).
What is the fair value of J2T?
Our model-based fair value for HOCK LIAN SENG HOLDINGS LTD is 0.4200 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.2750 SGD.
What is the quality score of J2T?
HOCK LIAN SENG HOLDINGS LTD has a Quality Score of 44/100. 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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
Our model-based price target is the fair value of 0.4200 SGD (as of Sep 27, 2026) from 15 valuation models. Cautious scenario 0.4200 SGD, optimistic scenario 0.4500 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the HOCK LIAN SENG HOLDINGS LTD stock forecast for 2026?
Our models put fair value at 0.4200 SGD, about +53% upside versus a price of 0.2750 SGD (undervalued). Cautious scenario 0.4200 SGD, optimistic scenario 0.4500 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of HOCK LIAN SENG HOLDINGS LTD (J2T)?
HOCK LIAN SENG HOLDINGS LTD reported trailing-twelve-month revenue of about 134M SGD (latest available figure, as of Sep 27, 2026).
Does HOCK LIAN SENG HOLDINGS LTD pay a dividend?
HOCK LIAN SENG HOLDINGS LTD currently shows a dividend yield of about 4.00% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of HOCK LIAN SENG HOLDINGS LTD (J2T)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HOCK LIAN SENG HOLDINGS LTD it is 0.4200 SGD per share (as of Sep 27, 2026), against a price of 0.2750 SGD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is HOCK LIAN SENG HOLDINGS LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, J2T trades below its calculated fair value: price 0.2750 SGD, fair value 0.4200 SGD, a gap of about +53% (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 J2T?
No. The price is what the market pays today (0.2750 SGD); the fair value is what the company's own numbers justify (0.4200 SGD). For HOCK LIAN SENG HOLDINGS LTD the two are 0.1450 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is HOCK LIAN SENG HOLDINGS LTD worth?
The market values HOCK LIAN SENG HOLDINGS LTD at about 141M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.2750 SGD; our models calculate a fair value of 0.4200 SGD per share.
What do the bullish and bearish scenarios say about J2T?
Our models span a range for HOCK LIAN SENG HOLDINGS LTD: cautious scenario 0.4200 SGD, base 0.4200 SGD, optimistic 0.4500 SGD per share (as of Sep 27, 2026, price 0.2750 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of J2T?
HOCK LIAN SENG HOLDINGS LTD trades at a price-to-earnings ratio of 11.7 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4200 SGD is built from several models across several years. Other multiples: P/B 0.4, P/S 0.8.
How solid is the balance sheet of HOCK LIAN SENG HOLDINGS LTD (J2T)?
Balance-sheet figures for HOCK LIAN SENG HOLDINGS LTD (as of Sep 27, 2026): return on equity −17.6%, debt of 0.15 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is J2T from its 52-week high?
HOCK LIAN SENG HOLDINGS LTD trades at 0.2750 SGD, about 40% below its 52-week high of 0.4616 SGD and 4% above the low of 0.2650 SGD (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4200 SGD is for.
Which stocks are comparable to HOCK LIAN SENG HOLDINGS LTD?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 HOCK LIAN SENG HOLDINGS LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 0.2750 SGD, calculated fair value 0.4200 SGD (+53%), Quality Score 44/100, from 15 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 J2T calculated?
We run HOCK LIAN SENG HOLDINGS LTD through 15 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 0.4200 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. HOCK LIAN SENG HOLDINGS LTD currently trades 35 % 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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
The closing price on Sep 30, 2026 was 0.2750 SGD. Our model-based fair value is 0.4200 SGD, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HOCK LIAN SENG HOLDINGS LTD right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.4200 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. The models converge in a tight band (0.4200 SGD to 0.4500 SGD), unusually little disagreement for a valuation.
Key figures of HOCK LIAN SENG HOLDINGS LTD
How large is the market capitalisation of HOCK LIAN SENG HOLDINGS LTD (J2T)?
The market capitalisation of HOCK LIAN SENG HOLDINGS LTD is 141M SGD (≈ $110M). 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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
The price-to-sales ratio of HOCK LIAN SENG HOLDINGS LTD is 1.07 (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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
Earnings per share at HOCK LIAN SENG HOLDINGS LTD are −0.0900 SGD (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HOCK LIAN SENG HOLDINGS LTD (J2T)?
The dividend yield of HOCK LIAN SENG HOLDINGS LTD is 4.0%. 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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
The net margin of HOCK LIAN SENG HOLDINGS LTD is 9.1% (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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
The return on equity (ROE) of HOCK LIAN SENG HOLDINGS LTD is −17.6% (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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
On an EBIT basis the return on assets of HOCK LIAN SENG HOLDINGS LTD is 3.9% (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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
The operating margin of HOCK LIAN SENG HOLDINGS LTD is −110% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HOCK LIAN SENG HOLDINGS LTD (J2T)?
Revenue at HOCK LIAN SENG HOLDINGS LTD is growing −50.9% versus a year earlier (3y avg +9.3%). 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 HOCK LIAN SENG HOLDINGS LTD (J2T)?
Earnings per share at HOCK LIAN SENG HOLDINGS LTD are growing −27.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HOCK LIAN SENG HOLDINGS LTD (J2T) generate?
The free cash flow of HOCK LIAN SENG HOLDINGS LTD is −107M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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