Loading…
← CockpitCompetitor Analysis › BHK.SI SIIC Environment Holdings Ltd.Open in the cockpit ↗

SIIC Environment Holdings Ltd.BHK.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Environmental Services
Momentum leader 86
Mkt cap
$327M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$44,024
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-1.7 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
105 days
19 Feb 2027
Close · SGDS$0.16
1D0.0%
1W+2.5%
1M+5.2%
3M-0.6%
6M-10.0%
YTD-8.5%
1Y-11.0%
ATR %1.9%
52w lowhigh14.3% off high

What SIIC Environment does

Employees: 6,453

SIIC Environment at a glance

Size SIIC Environment (BHK.SI) is a Singapore Industrials company (Environmental Services) with a market value of $327M, the 134th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.16 on 6 Nov 2026.

Performance Over six months the shares fell 10.0%, against -16.0% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue fell 7.9% over the last twelve months (peer median -2.0%); the operating margin is 22.9% (peer median 7.4%).

Valuation It trades at 3.9× enterprise value to sales against a peer median of 2.9× (8th most expensive of 21).

Capital Return on invested capital runs 1.7 points below its cost of capital (5.0% WACC).

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026BHK.SI 89Peer median 84
Six months, rebased to 100: SIIC Environment against the median of its 20 peers (local-currency closes).

SIIC Environment financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$1.30BS$1.29BS$1.41BS$1.44BS$1.70B
Revenue growth—-9%-2%-16%—
Gross profitS$449MS$448MS$486MS$513MS$539M
EBITDAS$469MS$460MS$462MS$468MS$498M
Net incomeS$109MS$111MS$112MS$115MS$160M
Free cash flow-S$22.0MS$12.9M-S$368MS$200M-S$535M
Capital expenditureS$219MS$182MS$327MS$278MS$92.9M
Total debtn/aS$4.00BS$4.18BS$3.78BS$3.70B

Quarterly statements and history in the cockpit →

SIIC Environment 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

-40%-20%0%-10%0%EIEL000826MBRCAMBI300187U9E3001903007740026726038176883700005466803600526002973688057SCHP600217301305BHK.SI6-month return →1-month return →
Up and to the right = strong over both horizons. SIIC Environment is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%2×4×EIEL000826MBRCAMBI300187U9E3001903007740026726038176883700005466001686803600526002973688057SCHP600217301305BHK.SIRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SIIC Environment is the large dot.

SIIC Environment competitors and peer comparison

How SIIC Environment 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.

SIIC Environment against its 20 peers (data as of 6 Nov 2026)
MeasureBHK.SIPeer medianRank in peer set
1-month return+5.2%-6.6%2nd highest of 21
6-month return-10.0%-16.0%6th highest of 21
Distance from 52-week high-14.3%-33.0%4th highest of 21
Revenue growth (TTM)-7.9%-2.0%8th lowest of 21
Operating margin22.9%7.4%4th highest of 21
EV / Sales3.9×2.9×8th most expensive of 21
ROIC minus cost of capital-1.7 pp-2.2 pp10th highest of 21
EV / EBITDA10.9×12.7×5th cheapest of 11
Net debt / EBITDA7.7×3.3×4th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
SIIC Environment BHK.SISingapore$327M-10%-8%23%3.9×n/an/a
Enviro Infra Engineers EIEL.NSIndia$319M-22%+15%20%2.4×n/an/a
Tus Environmental Science & Technology Development 000826.SZChina$364M-13%-13%-38%2.9×-2.7%-11.7%
Mo-BRUK MBR.WAPoland$365M+15%+29%35%4.2×-6.8%+12.4%
Cambi CAMBI.OLNorway$390M+7%-9%11%3.4×0.1%+23.8%
Yonker Environmental Protection 300187.SZChina$428M-22%+5%11%4.7×9.0%+1.5%
China Everbright Water U9E.SISingapore$462M-13%-33%34%4.9×-1.4%-1.7%
WELLE 300190.SZChina$471M-21%-17%-9%2.9×-8.9%-12.5%
BGT 300774.SZChina$475M-52%+3%4%4.3×n/an/a
Dongjiang Environmental 002672.SZChina$478M-24%-4%-31%2.5×3.1%+0.9%
Fujian Haixia Environmental Protection 603817.SSChina$480M-24%-1%26%3.4×n/an/a
Shanghai Conglin Environmental Protection Technology 688370.SSChina$499M-3%-4%7%4.5×n/an/a
Jinyuan EP 000546.SZChina$510M-49%+34%-3%0.3×n/an/a
Wuhan Sanzhen Industry 600168.SSChina$539M-13%-3%8%4.4×n/an/a
ECOVE Environment 6803.TWOTaiwan$545M-12%+6%18%2.1×-4.5%+11.4%
Zhejiang Feida Environmental Science & Technology 600526.SSChina$596M-18%+3%7%1.1×-5.3%+9.5%
QiaoYin City Management 002973.SZChina$661M-14%-12%10%2.5×8.9%+4.9%
Jiangxi JDL Environmental Protection 688057.SSChina$662M+28%-22%-6%9.0×-5.3%-19.8%
Seche Environnement SCHP.PAFrance$689M-7%+2%6%1.2×4.8%+13.3%
China Resources and Environment 600217.SSChina$719M-24%-19%-8%2.0×-13.6%-2.2%
Shenzhen Lions King Hi-Tech 301305.SZChina$758M-22%+19%18%2.9×n/an/a

Questions

Which companies are SIIC Environment's closest peers?
The cockpit's peer set: Enviro Infra Engineers (EIEL.NS), Tus Environmental Science & Technology Development (000826.SZ), Mo-BRUK (MBR.WA), Cambi (CAMBI.OL), Yonker Environmental Protection (300187.SZ), China Everbright Water (U9E.SI), WELLE (300190.SZ), BGT (300774.SZ).
Is SIIC Environment expensive compared with its peers?
On ev / sales it trades at 3.9× against a peer median of 2.9×, 8th most expensive of 21 in its peer set.
How has SIIC Environment stock performed?
Over six months to 6 Nov 2026 the shares returned -10.0% against -16.0% for the median peer; over one year -11.0%.

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.