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LHN Limited41O.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Miscellaneous Commercial Services
Momentum weak 26
Mkt cap
$162M
US dollars, full cap
Free float
37%
of shares outstanding
$/day
$211,290
20-day average traded
Fwd P/E
8.3×
forward earnings
ROIC−WACC
-1.1 pp
WACC 5.0%
Hurdle
-1 pp
Req g minus delivered
Next earnings
24 days
30 Nov 2026
Close · SGDS$0.47
1D-3.1%
1W-3.1%
1M-8.7%
3M-16.7%
6M-30.7%
YTD-28.6%
1Y-35.4%
ATR %4.3%
52w lowhigh35.8% off high

What LHN does

Employees: 501

LHN at a glance

Size LHN (41O.SI) is a Singapore Industrials company (Miscellaneous Commercial Services) with a market value of $162M, the 179th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.47 on 6 Nov 2026.

Performance Over six months the shares fell 30.7%, against -15.4% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 11.1% over the last twelve months (peer median +5.3%); the operating margin is 29.0% (peer median 4.3%).

Valuation It trades at 8.3× forward earnings against a peer median of 13.6× (2nd cheapest of 9).

Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.1 points below its cost of capital (5.0% WACC).

Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 8341O.SI 69
Six months, rebased to 100: LHN against the median of its 20 peers (local-currency closes).

LHN financials

Reported figures in SGD; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$122MS$131MS$121MS$93.6MS$84.5M
Revenue growth—+9%+29%+11%—
Gross profitS$72.0MS$75.6MS$60.5MS$58.0MS$50.0M
EBITDAS$52.1MS$55.8MS$56.7MS$36.6MS$33.4M
Net incomeS$22.7MS$20.1MS$47.3MS$20.0MS$45.8M
Free cash flowS$39.7MS$51.4MS$16.1MS$29.5MS$30.6M
Capital expenditureS$5.02MS$4.33MS$4.88MS$18.8MS$8.09M
Total debtn/aS$347MS$390MS$280MS$230M

Quarterly statements and history in the cockpit →

LHN competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%I07BBW200470328946580331SAG60884051301320300536002431JAYKAY605069KNOW002861301633965841O.SI6-month return →1-month return →
Up and to the right = strong over both horizons. LHN is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%10×20×I0732890331SAG60884051REJL-BKNOW41O.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. LHN is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%I07BBW32894658SAG60884051REJL-B002431KNOW41O.SIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. LHN is the large dot.

LHN competitors and peer comparison

How LHN compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

LHN against its 20 peers (data as of 6 Nov 2026)
Measure41O.SIPeer medianRank in peer set
1-month return-8.7%-10.6%9th highest of 21
6-month return-30.7%-15.4%6th lowest of 21
Distance from 52-week high-35.8%-36.6%11th highest of 21
Revenue growth (TTM)-11.1%+5.3%5th lowest of 21
Operating margin29.0%4.3%2nd highest of 21
Forward P/E8.3×13.6×2nd cheapest of 9
Growth the price implies (Req g, 7 yrs)-1.2%-1.6%5th most demanding of 12
Growth delivered (Del g)-0.4%+9.7%2nd lowest of 12
Hurdle (Req g minus delivered)-0.8 pp-8.8 pp3rd most demanding of 12
ROIC minus cost of capital-1.1 pp-4.7 pp9th highest of 20
EV / EBITDA11.2×8.2×3rd most expensive of 12
Net debt / EBITDA5.6×-0.3×2nd most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
LHN 41O.SISingapore$162M-31%-11%29%8.3×-1.2%-0.4%
ISDN I07.SISingapore$177M-31%+17%7%11.9×-2.8%+4.0%
Azeus Systems BBW.SISingapore$226M-17%-6%32%n/a-7.7%+19.7%
APACT 200470.KSSouth Korea$245M-14%+44%4%n/an/an/a
Integrated Service Technology 3289.TWOTaiwan$267M-45%+5%2%15.8×32.8%+9.7%
Nippon Air Conditioning Services 4658.TJapan$301M-12%+7%7%n/a-1.6%+7.1%
FSE Lifestyle Services 0331.HKHong Kong$305M-4%-3%6%3.9×n/an/a
Science SAG.LUnited Kingdom$308M-4%-11%17%12.4×-5.8%+8.7%
SIGMAXYZ 6088.TJapan$310M-6%-13%24%11.0×-9.5%+11.2%
GMO Financial Gate 4051.TJapan$310M+3%+14%12%25.2×17.0%+37.2%
Rejlers REJL-B.STSweden$314M-7%+6%6%14.8×-3.1%+14.9%
Qingdao Richmat Intelligence Technology 301320.SZChina$315M-34%+20%-3%n/an/an/a
Jiangsu Recbio Technology 2179.HKHong Kong$317M-43%-82%-25,868%n/an/an/a
Wuhan Nusun Landscape 300536.SZChina$319M-29%+154%-57%n/an/an/a
Palm Eco-Town Development 002431.SZChina$319M-43%-52%-50%n/a14.2%-16.0%
Jaykay Enterprises JAYKAY.NSIndia$321M+28%+118%4%n/an/an/a
Beijing ZEHO Waterfront Ecological Environment Treatment 605069.SSChina$324M-28%+3%-62%n/an/an/a
Knowit KNOW.STSweden$327M+48%-6%2%24.3×6.3%+12.1%
YingTong Telecommunication 002861.SZChina$329M-27%+15%-8%n/an/an/a
Wuhan Guide Technology 301633.SZChina$331M-19%-32%-11%n/an/an/a
Business Brain Showaota 9658.TJapan$332M+63%+6%7%n/a-1.2%+7.6%

Questions

Which companies are LHN's closest peers?
The cockpit's peer set: ISDN (I07.SI), Azeus Systems (BBW.SI), APACT (200470.KS), Integrated Service Technology (3289.TWO), Nippon Air Conditioning Services (4658.T), FSE Lifestyle Services (0331.HK), Science (SAG.L), SIGMAXYZ (6088.T).
Is LHN expensive compared with its peers?
On forward p/e it trades at 8.3× against a peer median of 13.6×, 2nd cheapest of 9 in its peer set. For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has LHN stock performed?
Over six months to 6 Nov 2026 the shares returned -30.7% against -15.4% for the median peer; over one year -35.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.