Hiap Seng Industries Limited

SGX:1L2 Stock Report

Market Cap: S$63.0m

Hiap Seng Industries Past Earnings Performance

Past criteria checks 1/6

Hiap Seng Industries has been growing earnings at an average annual rate of 35.3%, while the Construction industry saw earnings growing at 28.8% annually. Revenues have been declining at an average rate of 2.4% per year. Hiap Seng Industries's return on equity is 8%, and it has net margins of 11.6%.

Key information

35.32%

Earnings growth rate

26.01%

EPS growth rate

Construction Industry Growth16.70%
Revenue growth rate-2.42%
Return on equity8.01%
Net Margin11.62%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article Jun 07

Weak Statutory Earnings May Not Tell The Whole Story For Hiap Seng Industries (SGX:1L2)

A lackluster earnings announcement from Hiap Seng Industries Limited ( SGX:1L2 ) last week didn't sink the stock price...

Recent updates

Analysis Article Jun 07

Weak Statutory Earnings May Not Tell The Whole Story For Hiap Seng Industries (SGX:1L2)

A lackluster earnings announcement from Hiap Seng Industries Limited ( SGX:1L2 ) last week didn't sink the stock price...
Analysis Article Feb 02

More Unpleasant Surprises Could Be In Store For Hiap Seng Industries Limited's (SGX:1L2) Shares After Tumbling 32%

Unfortunately for some shareholders, the Hiap Seng Industries Limited ( SGX:1L2 ) share price has dived 32% in the last...
Analysis Article Jan 27

Hiap Seng Industries (SGX:1L2) Has Some Way To Go To Become A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Nov 24

Risks To Shareholder Returns Are Elevated At These Prices For Hiap Seng Industries Limited (SGX:1L2)

When close to half the companies in the Construction industry in Singapore have price-to-sales ratios (or "P/S") below...
Analysis Article Aug 29

There's Been No Shortage Of Growth Recently For Hiap Seng Industries' (SGX:1L2) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article Jul 24

Hiap Seng Industries Limited's (SGX:1L2) 329% Share Price Surge Not Quite Adding Up

Despite an already strong run, Hiap Seng Industries Limited ( SGX:1L2 ) shares have been powering on, with a gain of...
Analysis Article May 28

Returns on Capital Paint A Bright Future For Hiap Seng Industries (SGX:1L2)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Apr 21

Hiap Seng Industries Limited's (SGX:1L2) 33% Share Price Plunge Could Signal Some Risk

The Hiap Seng Industries Limited ( SGX:1L2 ) share price has softened a substantial 33% over the previous 30 days...
Analysis Article Apr 10

Calculating The Intrinsic Value Of Hiap Seng Industries Limited (SGX:1L2)

Key Insights Hiap Seng Industries' estimated fair value is S$0.0073 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Mar 05

There's Reason For Concern Over Hiap Seng Industries Limited's (SGX:1L2) Massive 40% Price Jump

Hiap Seng Industries Limited ( SGX:1L2 ) shares have continued their recent momentum with a 40% gain in the last month...
Analysis Article Feb 17

Returns At Hiap Seng Industries (SGX:1L2) Appear To Be Weighed Down

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article Jan 10

What Hiap Seng Industries Limited's (SGX:1L2) 50% Share Price Gain Is Not Telling You

The Hiap Seng Industries Limited ( SGX:1L2 ) share price has done very well over the last month, posting an excellent...
Analysis Article Nov 25

Hiap Seng Industries Limited's (SGX:1L2) Price Is Out Of Tune With Revenues

It's not a stretch to say that Hiap Seng Industries Limited's ( SGX:1L2 ) price-to-sales (or "P/S") ratio of 0.7x right...
Analysis Article Aug 25

Hiap Seng Industries Limited (SGX:1L2) May Have Run Too Fast Too Soon With Recent 33% Price Plummet

Hiap Seng Industries Limited ( SGX:1L2 ) shares have retraced a considerable 33% in the last month, reversing a fair...
Analysis Article Aug 15

Hiap Seng Industries' (SGX:1L2) Returns On Capital Are Heading Higher

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article Jun 13

Optimistic Investors Push Hiap Seng Industries Limited (SGX:1L2) Shares Up 67% But Growth Is Lacking

Hiap Seng Industries Limited ( SGX:1L2 ) shares have had a really impressive month, gaining 67% after a shaky period...
Analysis Article Apr 27

Lacklustre Performance Is Driving Hiap Seng Industries Limited's (SGX:1L2) 50% Price Drop

Hiap Seng Industries Limited ( SGX:1L2 ) shareholders won't be pleased to see that the share price has had a very rough...
Analysis Article Feb 29

Hiap Seng Industries Limited's (SGX:1L2) Business Is Trailing The Industry But Its Shares Aren't

It's not a stretch to say that Hiap Seng Industries Limited's ( SGX:1L2 ) price-to-sales (or "P/S") ratio of 0.7x right...

Revenue & Expenses Breakdown

How Hiap Seng Industries makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SGX:1L2 Revenue, expenses and earnings (SGD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2624340
31 Dec 2523340
30 Sep 2521330
30 Jun 2522540
31 Mar 2523640
31 Dec 24241540
30 Sep 24252350
30 Jun 24252250
31 Mar 24252050
31 Dec 2323950
30 Sep 2322-140
30 Jun 2320-250
31 Mar 2319-350
31 Dec 2221160
30 Sep 2223560
30 Jun 2225560
31 Mar 2227660
30 Sep 2125-560
30 Jun 2126-650
31 Mar 2129-570
30 Sep 2090-8110
30 Jun 20118-17150
31 Mar 20150-24180
31 Dec 19143-29170
30 Sep 19158-24160
30 Jun 19149-38170
31 Mar 19141-37170
31 Dec 18144-32170
30 Sep 18118-38190
30 Jun 18109-22180
31 Mar 18122-16170
31 Dec 17122-11180
30 Sep 17135-3170
30 Jun 171552170
31 Mar 171592180
31 Dec 161796180
30 Sep 161966180
30 Jun 161747180
31 Mar 161686180
31 Dec 151600230
30 Sep 15159-7240

Quality Earnings: 1L2 has a high level of non-cash earnings.

Growing Profit Margin: 1L2's current net profit margins (11.6%) are lower than last year (27.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 1L2 has become profitable over the past 5 years, growing earnings by 35.3% per year.

Accelerating Growth: 1L2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1L2 had negative earnings growth (-54.2%) over the past year, making it difficult to compare to the Construction industry average (29%).


Return on Equity

High ROE: 1L2's Return on Equity (8%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 02:36
End of Day Share Price 2026/07/15 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hiap Seng Industries Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.