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    Engineering & construction
Hiap Seng Industries Limited

Hiap Seng Industries Limited

SSGX:1L2
0.01
SGD
0.00
(0.00%)
-0.02EPS
Hiap Seng Industries Limited
SGX:1L2
(Singapore Exchange)

Recent

price

0.01

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
SGD
0.32
0.28
0.4
0.44
0.43
0.28
0.27
0.21
0.24
0.23
0.05
0.05
0.01
0.01
0.01
0.01
0.15
Revenue per Share
0.01
0.01
0.01
-0.01
-0.02
0.01
- -
-0.03
-0.06
-0.04
-0.01
0.01
- -
0.01
- -
- -
-0.02
Basic EPS, GAAP
0.06
-0.01
-0.01
-0.07
0.06
- -
- -
-0.02
-0.02
-0.01
0.01
0.01
- -
- -
- -
- -
0.02
Free Cash Flow per Basic Share
0.02
0.01
0.01
0.01
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.13
0.12
0.13
0.12
0.1
0.11
0.11
0.08
0.01
-0.03
-0.04
-0.03
-0.03
0.01
0.01
0.01
-0.03
Book Value per Share
0.13
0.12
0.12
0.11
0.09
0.1
0.1
0.08
0.01
-0.03
-0.04
-0.03
-0.03
0.01
0.01
0.01
-0.03
Tangible Book Value per Share
591
591
591
591
591
591
591
591
591
591
591
591
3,043
3,060
3,504
4,527
591
Basic Weighted Avg Shares
188
167
237
259
253
168
159
122
141
136
29
27
19
25
23
24
92
Sales/Revenue/Turnover
5.1
4.36
1.65
-1.48
-5.6
3.51
0.53
-9.3
-27.43
-16.72
-33.49
0.32
-9.67
5.53
17.6
10.19
-13.49
Operating Margin (%)
3
3
4
5
4
4
6
4
5
6
5
2
2
2
1
1
6
Depreciation Expense
8
4
8
-3
-13
6
2
-16
-37
-24
-5
6
-3
20
6
3
-13
Net Income, GAAP
12.72
23.52
- -
- -
- -
7.92
- -
- -
- -
- -
- -
1.52
- -
- -
11.22
20.79
- -
Effective Tax Rate (%)
4.26
2.55
3.17
-1.33
-5.2
3.6
1.56
-13.19
-26.57
-17.48
-17.07
21.61
-13.76
80.47
27.1
11.62
-14.12
Profit Margin (%)
66
66
48
39
30
35
37
21
-20
-42
-32
-22
-22
16
22
25
-40
Working Capital
- -
- -
1
1
1
- -
- -
- -
- -
2
1
- -
- -
- -
- -
- -
1
LT Debt
77
75
80
73
61
64
64
47
7
-19
-25
-16
-17
20
31
35
-19
Total Equity
9.93
7.57
- -
- -
- -
8.17
- -
- -
- -
- -
- -
- -
- -
218.17
16.97
5.83
- -
Return on Invested Capital (%)
10.05
5.49
- -
- -
- -
9.52
- -
- -
- -
- -
- -
401.22
- -
217.27
23.87
8.49
- -
Return on Capital (%)
10.36
5.74
9.92
-4.61
-20.13
9.9
3.91
-29.3
-138.65
- -
- -
- -
- -
- -
24.21
8.49
- -
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Mar'20
Jun'21
Sep'21
ST Debt
31
27
28
LT Borrowings
- -
- -
- -
LT Finance Leases
2
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
591
591
591
Market Capitalization
- -
- -
- -

Working Capital

SGD

•

in mil. unless spec.
Mar'20
Jun'21
Sep'21
Total Current Assets
36
36
30
Cash, Cash Equivalents & STI
2
4
6
Accounts Receivable, Net
20
17
11
Inventories
- -
- -
- -
Total Current Liabilities
78
69
69
Payables & Accruals
- -
- -
- -
ST Debt
31
27
28
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-64.11%
-33.35%
12.65%
Free Cash Flow
159.13%
-126.79%
-160.14%
Net Income, GAAP
-216.29%
-273.38%
-54.2%
Sales/Revenue/Turnover
-10.19%
-1.38%
6.8%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
25
2025
- -
- -
23
2026
- -
- -
24

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Hiap Seng Industries Limited provides integrated engineering, procurement, and construction (EPC) and plant maintenance services to the oil and gas, petrochemical, chemical, power generation, pharmaceutical, and energy industries. Founded in 1971 and headquartered in Singapore, the company operates across Singapore, Malaysia, Thailand, Vietnam, and the Middle East through subsidiaries and fabrication facilities. Hiap Seng Industries operates primarily through two core business divisions: Engineering, Procurement and Construction (EPC), and Plant Maintenance and Services. The Engineering, Procurement and Construction segment delivers turnkey design, fabrication, and installation solutions, encompassing atmospheric and pressurized storage tankage systems comprising cryogenic tanks, spherical storage tanks, fixed and floating roof tanks, and mounded bullets; customized high-pressure process vessels, column towers, and shell-and-tube heat exchangers; modular process skid packages and plant assemblies; carbon, alloy, and stainless steel process piping systems; heavy structural steel fabrication and erection; static and rotating mechanical equipment installation; electrical, instrumentation, and control system integration; and associated civil, foundation, and structural building works. The Plant Maintenance and Services segment delivers ongoing operational support and lifecycle asset management, encompassing routine maintenance, comprehensive turnaround and plant shutdown management; emergency mechanical repairs and piping replacements; heat exchanger maintenance, retubing, and bundle pulling; catalyst handling and vessel interior servicing; rotating equipment overhauls; and multi-year term maintenance contracts for refineries, petrochemical plants, and specialty chemical facilities. In recent major developments, Hiap Seng Industries completed a comprehensive financial and operational restructuring under a court-approved scheme of arrangement, securing strategic white-knight equity investments, completing debt-to-equity conversions, and resuming trading of its shares on the Singapore Exchange. Strategically, the company has refocused its operational model on securing long-term, high-margin recurring plant maintenance and turnaround contracts across Jurong Island and regional industrial clusters, modernizing its automated pre-fabrication yards, and expanding its technical service capabilities to support industrial decarbonization, biofuels processing, and green energy infrastructure projects.