Hiap Hoe Ltd

Chart & Performance

D1W1MN

P/E

47.83

P/S

2.38

EPS

0.01

Div Yield, %

1.06%

Shrs. gr., 5y

—

Rev. gr., 5y

-9.81%

Revenues

112m

-6.29%

Net income

CFO

30m

-33.44%

Dividend

Aug 21, 20240.0025 SGD/sh

Earnings

Feb 28, 2025

Profile

Hiap Hoe Limited, an investment holding company, engages in the development of portfolio of hospitality, retail, commercial, and residential assets in Australia, Singapore, and the United Kingdom. It operates through Development Properties, Rental, Leisure, and Hotel Operations segments. The Development Properties segment acquires land/property and develops them into residential, industrial, and commercial properties for sale. The Rental segment engages in the business of renting space under the investment properties, as well as plant and equipment. The Leisure segment provides leisure and recreational facilities, including bowling, billiard, and amusement centers under the SuperBowl brand. The Hotel Operations segment operates hotels under the brand names of Ramada Singapore, Days Hotel Singapore, Holiday Inn Express Trafford City, Four Points by Sheraton Melbourne, and Aloft Perth. The company trades in a portfolio of quoted and unquoted investments. It is also involved in the provision of civil engineering, general road construction, and sub-contractor works; and development of luxury and mid-tier residential, and hotel-cum-commercial properties. Hiap Hoe Limited was incorporated in 1994 and is headquartered in Singapore. Hiap Hoe Limited is a subsidiary of Hiap Hoe Holdings Pte Ltd.

URL

https://www.hiaphoe.com/

IPO date

Sep 02, 1998

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	111,887 -6.29%	119,399 27.44%	93,688 17.77%
Cost of revenue	42,591	15,873	12,747
Unusual Expense (Income)
NOPBT	69,296	103,526	80,940
NOPBT Margin	61.93%	86.71%	86.39%
Operating Taxes	564	(1,477)	5,344
Tax Rate	0.81%		6.60%
NOPAT	68,732	105,003	75,596
Net income	5,559 -125.27%	(22,001) -203.79%	21,196 -157.74%
Dividends	(2,823)	(3,529)	(2,353)
Dividend yield	0.94%	1.00%	0.77%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	282,112	387,241	373,141
Long-term debt	506,239	389,144	431,475
Deferred revenue	4,958	474	593
Other long-term liabilities	3,110	2,777	1,760
Net debt	(131,495)	(125,942)	(149,069)
Cash flow
Cash from operating activities	30,297	45,518	29,655
CAPEX	(24,707)	(2,344)	(1,335)
Cash from investing activities	(11,314)	17,362	(29,323)
Cash from financing activities	(25,548)	(54,851)	3,934
FCF	40,252	138,196	94,189
Balance
Cash	354,081	316,054	345,145
Long term investments	565,766	586,273	608,540
Excess cash	914,252	896,357	949,000
Stockholders' equity	723,920	759,500	756,913
Invested Capital	766,291	703,685	768,789
ROIC	9.35%	14.26%	9.94%
ROCE	4.43%	6.72%	5.04%
EV
Common stock shares outstanding	470,558	470,558	470,558
Price	0.64 -14.67%	0.75 15.38%	0.65
Market cap	301,157 -14.67%	352,918 15.38%	305,862
EV	172,788	266,980	160,146
EBITDA	102,962	138,266	116,113
EV/EBITDA	1.68	1.93	1.38
Interest	37,340	19,922	10,888
Interest/NOPBT	53.88%	19.24%	13.45%