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← CockpitCompetitor Analysis › 5VS.SI Hafary Holdings LimitedOpen in the cockpit ↗

Hafary Holdings Limited5VS.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Building Products
Momentum leader 100
Mkt cap
$214M
US dollars, full cap
Free float
8%
of shares outstanding
$/day
$33,004
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+2.0 pp
WACC 5.0%
Hurdle
-30 pp
Req g minus delivered
Close · SGDS$0.64
1D0.0%
1W0.0%
1M-0.8%
3M+12.4%
6M+36.6%
YTD+24.5%
1Y+32.3%
ATR %0.4%
52w lowhigh1.6% off high

What Hafary does

Employees: 1,180

Hafary at a glance

Size Hafary (5VS.SI) is a Singapore Industrials company (Building Products) with a market value of $214M, the 161st largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.64 on 6 Nov 2026.

Performance Over six months the shares gained 36.6%, against -18.6% for the median peer and -1.2% for the Singapore market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue fell 3.9% over the last twelve months (peer median -2.0%); the operating margin is 13.1% (peer median 3.3%).

Valuation It trades at 2.0× enterprise value to sales against a peer median of 1.8× (9th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -30 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.0 points above its cost of capital (5.0% WACC).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 20265VS.SI 136Peer median 82
Six months, rebased to 100: Hafary against the median of its 20 peers (local-currency closes).

Hafary financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$273MS$287MS$263MS$226MS$169M
Revenue growth—+9%+16%+34%—
Gross profitS$65.6MS$67.4MS$57.2MS$58.5MS$45.1M
EBITDAS$48.7MS$53.2MS$49.5MS$53.7MS$40.6M
Net incomeS$27.0MS$29.9MS$27.6MS$39.1MS$29.4M
Free cash flowS$25.9MS$37.2MS$603,000S$23.3M-S$55.2M
Capital expenditureS$11.0MS$11.8MS$12.1MS$18.9MS$80.4M
Total debtn/aS$277MS$298MS$273MS$264M

Quarterly statements and history in the cockpit →

Hafary 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

-20%0%+20%+40%-30%-20%-10%0%603321ARBNVIB3003011002652603578301083GREENPLY002722NXR0020843010560000550026896226002162FMM-B3009310029185VS.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Hafary is the large dot.

Fundamentals: revenue growth against valuation

0%+20%0×2.5×5×7.5×603321ARBNVIB3003011002652603578301083GREENPLY002722NXR0020843010560000550026896226002162FMM-B3009315VS.SIRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hafary is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%VIB3003011603578301083GREENPLY002722NXR002084301056000055002689002162FMM-B3009310029185VS.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. Hafary is the large dot.

Hafary competitors and peer comparison

How Hafary 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.

Hafary against its 20 peers (data as of 6 Nov 2026)
Measure5VS.SIPeer medianRank in peer set
1-month return-0.8%-13.6%4th highest of 21
6-month return+36.6%-18.6%2nd highest of 20
Distance from 52-week high-1.6%-37.6%highest of 21
Revenue growth (TTM)-3.9%-2.0%9th lowest of 20
Operating margin13.1%3.3%2nd highest of 20
EV / Sales2.0×1.8×9th most expensive of 20
Growth the price implies (Req g, 7 yrs)-2.4%12.7%least demanding of 16
Growth delivered (Del g)+27.8%+0.6%highest of 16
Hurdle (Req g minus delivered)-30.1 pp+10.7 ppleast demanding of 16
ROIC minus cost of capital+2.0 pp-4.7 pp3rd highest of 19
EV / EBITDA11.1×11.7×5th cheapest of 10
Net debt / EBITDA5.3×1.1×most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Hafary 5VS.SISingapore$214M+37%-4%13%2.0×-2.4%+27.8%
Zhejiang Meilun Elevator 603321.SSChina$320M-21%-10%0%2.2×n/an/a
Arbonia ARBN.SWSwitzerland$322M-4%+9%-1%0.7×n/an/a
Villeroy & Boch AG Pref VIB3.DEGermany$323M-33%-11%3%0.6×1.8%+12.6%
Zhejiang Walrus New Material 003011.SZChina$325M-29%-9%8%1.9×11.7%-0.3%
Suzhou Yangtze New Materials 002652.SZChina$328M-28%+32%-1%5.7×n/an/a
Varmora Granito VARMORA.NSIndia$331Mn/an/an/an/an/an/a
Zhejiang Three Stars New Materials 603578.SSChina$335M-30%+1%-13%1.8×45.5%+21.8%
JiangXi BaiSheng Intelligent Technology 301083.SZChina$337M-28%-3%-1%5.6×29.4%-6.8%
Greenply Industries GREENPLY.NSIndia$352M0%+17%8%1.3×29.4%+18.6%
Wuchan Zhongda Geron 002722.SZChina$353M-22%+13%4%0.7×1.1%+0.4%
Norcros NXR.LUnited Kingdom$356M0%+7%6%0.9×12.7%+3.9%
Guangzhou Seagull Kitchen and Bath Products 002084.SZChina$375M+10%-11%-3%1.2×-0.3%-4.7%
Sicher Elevator 301056.SZChina$418M-26%-6%10%3.7×20.5%+0.6%
China Fangda 000055.SZChina$422M-5%-15%-5%1.6×4.9%+2.4%
Shenyang Yuanda Intellectual Industry 002689.SZChina$437M-22%+11%4%1.7×23.5%+8.3%
Moriya Transportation Engineering and Manufacturing 6226.TJapan$448M-4%+20%26%2.8×n/an/a
Everjoy Health 002162.SZChina$502M-19%-2%2%3.5×29.9%-2.3%
FM Mattsson FMM-B.STSweden$516M+45%+6%10%2.4×0.9%+5.1%
General Elevator 300931.SZChina$526M-5%-16%-19%8.8×38.0%-1.5%
Monalisa 002918.SZChina$553M-17%-7%3%1.1×3.2%-4.2%

Questions

Which companies are Hafary's closest peers?
The cockpit's peer set: Zhejiang Meilun Elevator (603321.SS), Arbonia (ARBN.SW), Villeroy & Boch AG Pref (VIB3.DE), Zhejiang Walrus New Material (003011.SZ), Suzhou Yangtze New Materials (002652.SZ), Varmora Granito (VARMORA.NS), Zhejiang Three Stars New Materials (603578.SS), JiangXi BaiSheng Intelligent Technology (301083.SZ).
Is Hafary expensive compared with its peers?
On ev / sales it trades at 2.0× against a peer median of 1.8×, 9th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -30 pp: the price already allows for a slowdown.
How has Hafary stock performed?
Over six months to 6 Nov 2026 the shares returned +36.6% against -18.6% for the median peer; over one year +32.3%.

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.