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Haw Par Corporation Limited (H02.SI)

SG SES Healthcare Drug Manufacturers - General
Address No. 03-03 Haw Par Technocentre 149598
Singapore, SG
CEO Ee Lim Wee
Website hawpar.com
IPO 2000-01-03
ISIN SG1D25001158

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Also trades on Other OTC · HAWPF (USD) Other OTC · HAWPY (USD) Stock Exchange of Singapore · H02.SI (SGD)
Description

Established in Singapore in 1969, Haw Par Corporation Limited specializes in the manufacturing, marketing, and global trade of healthcare products, serving markets in Singapore, ASEAN countries, other Asian regions, and beyond. The company's business activities are structured into three main segments: Healthcare, Investments, and Others. Its Healthcare segment primarily produces and distributes topical pain relief solutions, prominently featuring the Tiger Balm and Kwan Loong brands. The Investments segment focuses on acquiring publicly traded securities. Additionally, Haw Par owns and leases out a diverse portfolio of investment properties, comprising 45,324 square meters of commercial and industrial real estate across Singapore and Malaysia. The corporation also offers family and tourist-oriented leisure experiences, notably through oceanariums. Furthermore, it provides leasing services for land, buildings, and office spaces, in addition to offering management support.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
367.8K
Beta
0.16
Float Shares
133.49M
Free Float %
60.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.20% -7.61% -10.40% -7.66% +0.59% -1.66% +30.57% +65.81% +14.82% +75.23% +776.14%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.42
DCF (Unlevered) 54.36 +252.5%
DCF (Levered) 29.41 +90.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
17.18
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Drug Manufacturers - General: +6.6%
    -6.1% Q4'25: -14.3% (vs Q4'23)
  • EPS growth Drug Manufacturers - General: +18.2%
    +16.5% Q4'25: +7.8% (vs Q4'23)
  • FCF margin FCF growth · Drug Manufacturers - General: +36.0%
    +22.3% Q4'25: +120.7% (vs Q4'23)
  • EBIT margin Drug Manufacturers - General: +19.4%
    +29.2% Q4'25: +32.7% (vs Q4'23)
  • ROIC Drug Manufacturers - General: +10.2%
    +1.8% Q4'25: +3.6% (vs Q4'23)
  • Share dilution Drug Manufacturers - General: +0.0%
    +0.0% Q4'25: +0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Drug Manufacturers - General: -0.29×
    0.60× Q4'25: 0.30× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.18) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 54.36 Current price: 16.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
237.81M
est: 249.50M (-4.7%)
243.99M
est: 277.00M (-11.9%)
244.68M
244.68M – 244.68M
-11.7% YoY
260.46M
260.46M – 260.46M
+6.4% YoY
EBITDA
88.59M
est: 205.36M (-56.9%)
85.72M
est: 228.00M (-62.4%)
168.09M
168.09M – 168.09M
-26.3% YoY
178.93M
178.93M – 178.93M
+6.4% YoY
EBIT
83.26M
est: 200.36M (-58.4%)
78.93M
est: 222.44M (-64.5%)
161.83M
161.83M – 161.83M
-27.2% YoY
172.27M
172.27M – 172.27M
+6.4% YoY
Net Income
179.07M
182.21M
276.16M
276.16M – 276.16M
283.89M
283.89M – 283.89M
+2.8% YoY
SGA
62.48M
est: 77.66M (-19.6%)
60.19M
est: 86.22M (-30.2%)
73.91M
73.91M – 73.91M
-14.3% YoY
78.67M
78.67M – 78.67M
+6.4% YoY
EPS
0.81
0.82
1.25
1.25 – 1.25
1.28
1.28 – 1.28
+2.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 3/5 5/5 4/5 2/5 4/5
2026-05-28 A 4/5 5/5 3/5 5/5 4/5 2/5 4/5
2026-05-26 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-25 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-22 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-21 A 4/5 5/5 3/5 5/5 4/5 2/5 4/5
2026-05-20 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-19 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-18 A 4/5 4/5 3/5 5/5 4/5 2/5 4/5
2026-05-15 A 4/5 4/5 3/5 5/5 4/5 3/5 4/5
2026-05-14 A 4/5 4/5 3/5 5/5 4/5 3/5 4/5
2026-05-13 A 4/5 4/5 3/5 5/5 4/5 3/5 4/5
2026-05-12 A 4/5 4/5 3/5 5/5 4/5 3/5 4/5
2026-05-11 A 4/5 5/5 3/5 4/5 4/5 3/5 4/5
2026-05-08 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-07 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-06 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-04 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-04-30 A 4/5 4/5 3/5 5/5 3/5 3/5 4/5
2026-04-29 A 4/5 5/5 3/5 5/5 3/5 3/5 4/5
2026-04-28 A 4/5 5/5 3/5 5/5 3/5 3/5 4/5
2026-04-27 A 4/5 5/5 3/5 5/5 3/5 3/5 4/5
2026-04-24 A 4/5 5/5 3/5 5/5 3/5 3/5 4/5
2026-04-23 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-20 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-17 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-16 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
220.12M
OE per share TTM
0.99
Owner's Yield
6.45%
Maintenance CapEx ratio
5.58%
Maint CapEx / Avg PPE
32.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 54 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers MSCI Singapore UCITS ETF 1C O9A.SI 0.38% 441.9K 0.50%
2 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.15% 108.6K 0.74%
3 Schwab International Small-Cap Equity ETF SCHC 0.07% 3.70M 0.06%
4 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0.05% 103.0K 0.83%
5 iShares MSCI EAFE Small-Cap ETF SCZ 0.05% 6.21M 0.40%
6 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.04% 6.07M 0.06%
7 iShares Core MSCI Pacific ETF IPAC 0.02% 489.2K 0.09%
8 Vanguard FTSE Developed Asia Pacific All Cap Index ETF VA.TO 0.01% 31.2K 0.22%
9 Vanguard FTSE Pacific ETF VPL 0.01% 1.74M 0.07%
10 FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD 0.01% 78.4K 0.41%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
112.8K
Shares Outstanding
221.37M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ee Lim Wee Chief Executive Officer, President & Executive Non-Independent Director 3M male
Cindy Ow Director of Human Resource female
Kun Long Chiew Group Finance Manager & Company Secretary male
Meng Tiam Kwek Regional General Manager of Underwater World Singapore Pte Ltd & Haw Par Leisure Pte Ltd male
Mui Lick Kow Head of Quality & Regulatory Affairs male
Say Suan Chow Chief Financial Officer male
Brian Loo Group General Manager male
Tang Ling Lee Manager of Corporate Communications female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits