As of 2025-07-07, the Intrinsic Value of Hong Leong Asia Ltd (H22.SI) is 2.36 SGD. This H22.SI valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 1.64 SGD, the upside of Hong Leong Asia Ltd is 43.7%.

The range of the Intrinsic Value is 2.01 - 2.95 SGD.

Is H22.SI undervalued or overvalued?

Based on its market price of 1.64 SGD and our intrinsic valuation, Hong Leong Asia Ltd (H22.SI) is undervalued by 43.7%.

1.64 SGD

Stock Price

2.36 SGD

Intrinsic Value

Intrinsic Value Details

H22.SI Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	2.01 - 2.95	2.36	43.7%
DCF (Growth Exit 10Y)	3.44 - 5.4	4.16	153.6%
DCF (EBITDA Exit 5Y)	1.84 - 2.61	2.17	32.5%
DCF (EBITDA Exit 10Y)	2.44 - 3.39	2.85	73.6%
Peter Lynch Fair Value	2.56 - 2.56	2.56	56.39%
P/E Multiples	1.03 - 2.52	1.70	3.9%
EV/EBITDA Multiples	1.58 - 2.7	2.06	25.8%
Earnings Power Value	1.63 - 1.96	1.80	9.5%
Dividend Discount Model - Stable	1.17 - 2.68	1.92	17.2%
Dividend Discount Model - Multi Stages	2.97 - 5.34	3.82	133.0%

H22.SI Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Grand Banks Yachts Ltd	1.34 - 1.99	1.59	205.5%
ASL Marine Holdings Ltd	0.05 - 0.12	0.08	30.2%
Yongmao Holdings Ltd	0.37 - 0.99	0.54	-14.6%
Fuji Offset Plates Manufacturing Ltd	0.17 - (0.83)	0.09	-88.0%
TAS Offshore Bhd	0.42 - 1.69	0.94	67.3%
Laxmipati Engineering Works Ltd	88.47 - 431.35	193.33	-41.8%
Acesian Partners Ltd	(0.02) - 0.03	0.02	-39.3%
CFM Holdings Ltd	0.17 - 0.22	0.19	209.9%
ES Group (Holdings) Ltd	0.12 - 0.19	0.15	164.2%
Arkha Jayanti Persada PT	12.83 - 12.83	12.83	-35.9%

H22.SI Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	1,227
Beta	1.12
Outstanding shares (mil)	748
Enterprise Value (mil)	796

Market risk premium	5.6%
Cost of Equity	5.95%
Cost of Debt	4.25%
WACC	4.9%