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← CockpitCompetitor Analysis › CHZ.SI HRnetGroup Ltd.Open in the cockpit ↗

HRnetGroup Ltd.CHZ.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Personnel Services
Momentum neutral 59
Mkt cap
$519M
US dollars, full cap
Free float
18%
of shares outstanding
$/day
$56,916
20-day average traded
Fwd P/E
14.0×
forward earnings
ROIC−WACC
+26.6 pp
WACC 5.0%
Hurdle
-19 pp
Req g minus delivered
Next earnings
111 days
25 Feb 2027
Close · SGDS$0.68
1D0.0%
1W0.0%
1M-2.2%
3M-8.8%
6M-8.8%
YTD-10.0%
1Y-8.8%
ATR %1.1%
52w lowhigh12.3% off high

What HRnetGroup does

Employees: 806

HRnetGroup at a glance

Size HRnetGroup (CHZ.SI) is a Singapore Industrials company (Personnel Services) with a market value of $519M, the 105th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.68 on 6 Nov 2026.

Performance Over six months the shares fell 8.8%, against +11.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue grew 0.7% over the last twelve months (peer median +1.6%); the operating margin is 7.3% (peer median 3.8%).

Valuation It trades at 14.0× forward earnings against a peer median of 13.7× (10th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -19 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 26.6 points above its cost of capital (5.0% WACC).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026Peer median 113CHZ.SI 92
Six months, rebased to 100: HRnetGroup against the median of its 20 peers (local-currency closes).

HRnetGroup financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$581MS$584MS$567MS$578MS$612M
Revenue growth—+3%-2%-5%—
Gross profitS$117MS$116MS$114MS$131MS$166M
EBITDAS$49.3MS$47.9MS$49.0MS$58.3MS$75.8M
Net incomeS$43.0MS$51.2MS$44.5MS$63.6MS$67.5M
Free cash flowS$43.4MS$52.7MS$50.3MS$56.2MS$74.6M
Capital expenditureS$5.88MS$4.47MS$2.17MS$2.19MS$1.54M
Total debtn/aS$14.7MS$13.7MS$10.5MS$9.86M

Quarterly statements and history in the cockpit →

HRnetGroup 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%+60%-10%0%2379KELYAQUESS4849CENSTEM30066248482170BBSITBISDG2168464121462429PAGEGPPKFRC2154CHZ.SI6-month return →1-month return →
Up and to the right = strong over both horizons. HRnetGroup is the large dot.

Fundamentals: revenue growth against valuation

0%+20%20×40×60×2379KELYAQUESS4849CENSTEM30066248482170BBSISDG46412429PAGE2154CHZ.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. HRnetGroup is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%2379KELYAQUESS4849STEM30066248482170BBSISDG2429PAGEGPPKFRC2154CHZ.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. HRnetGroup is the large dot.

HRnetGroup competitors and peer comparison

How HRnetGroup 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.

HRnetGroup against its 20 peers (data as of 6 Nov 2026)
MeasureCHZ.SIPeer medianRank in peer set
1-month return-2.2%-1.7%11th highest of 21
6-month return-8.8%+11.8%5th lowest of 21
Distance from 52-week high-12.3%-13.9%11th highest of 21
Revenue growth (TTM)+0.7%+1.6%10th lowest of 21
Operating margin7.3%3.8%6th highest of 21
Forward P/E14.0×13.7×10th most expensive of 20
Growth the price implies (Req g, 7 yrs)-13.1%1.9%3rd least demanding of 18
Growth delivered (Del g)+6.2%+7.7%5th lowest of 18
Hurdle (Req g minus delivered)-19.3 pp-6.4 pp6th least demanding of 18
ROIC minus cost of capital+26.6 pp+6.2 pp5th highest of 21
EV / EBITDA7.3×8.8×3rd cheapest of 10
Net debt / EBITDA-6.4×-0.7×2nd least indebted of 19

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
HRnetGroup CHZ.SISingapore$519M-9%+1%7%14.0×-13.1%+6.2%
dip 2379.TJapan$520M-17%-9%7%68.1×-1.1%+11.0%
Kelly Services KELYAUnited States$507M+40%-10%1%10.2×12.8%-1.2%
Quess QUESS.NSIndia$505M+41%-12%2%17.1×16.3%+7.1%
en Inc. 4849.TJapan$504M+60%-11%7%9.6×5.3%+6.7%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%
Barrett Business Services BBSIUnited States$725M0%+6%4%18.2×1.9%+7.1%
TrueBlue TBIUnited States$370M+117%+10%-2%17.6×n/an/a
Synergie SDG.PAFrance$753M-3%+5%3%11.8×-13.4%+8.2%
Pasona 2168.TJapan$344M-12%0%0%n/an/an/a
Altech 4641.TJapan$329M+4%+6%9%13.7×-13.7%+8.0%
UT Group Co.,Ltd. 2146.TJapan$868M+22%-13%7%16.1×6.7%+7.7%
World 2429.TJapan$302M+4%+11%3%6.2×-3.5%+14.6%
Michael Page PAGE.LUnited Kingdom$896M+60%-3%2%43.4×23.5%+4.1%
Grupa Pracuj spolka akcyjna GPP.WAPoland$919M+23%+5%37%13.1×-1.9%+22.1%
Kforce KFRCUnited States$970M+25%+2%5%18.0×9.8%-1.0%
Open Up 2154.TJapan$1.11B+12%-11%10%13.1×-6.5%+11.1%

Questions

Which companies are HRnetGroup's closest peers?
The cockpit's peer set: dip (2379.T), Kelly Services (KELYA), Quess (QUESS.NS), en Inc. (4849.T), Groupe Crit (CEN.PA), SThree (STEM.L), Beijing Career International (300662.SZ), Fullcast (4848.T).
Is HRnetGroup expensive compared with its peers?
On forward p/e it trades at 14.0× against a peer median of 13.7×, 10th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -19 pp: the price already allows for a slowdown.
How has HRnetGroup stock performed?
Over six months to 6 Nov 2026 the shares returned -8.8% against +11.8% for the median peer; over one year -8.8%.

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.