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HC Surgical Specialists Ltd (1B1) AI Stock Analysis

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SG:1B1

HC Surgical Specialists Ltd

(SGX:1B1)

Select Model
Rating:77Outperform
Price Target:SGD 0.39â–²(13.53% Upside)
Action:reiterated
Date:08/03/26

The score is driven primarily by strong financial performance (high profitability, robust and consistent cash generation, and a de-risked balance sheet) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technicals, with the share price trading below all key moving averages.

Positive Factors
High ProfitabilitySustained gross margins in the mid-80s and a ~44% net margin imply durable pricing power and a capital-light, high-margin business model. This supports stable internal funding for R&D/dividends and preserves resilience across industry cycles over the next several months.
Negative Factors
Revenue and Earnings VolatilityIrregular top-line and profit swings reduce forecasting reliability and make capital allocation harder. For a small specialist, recurring volatility can threaten consistent investment, hiring, or dividend plans and raises execution risk over the coming months.

HC Surgical Specialists Ltd (1B1) vs. iShares MSCI Singapore ETF (EWS)

-5%0%5%10%15%20%25%30%SG:1B1+7.94%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 52.15M
Dividend Yield
6.12%
Average Volume (3M)
24.53K
Price to Earnings (P/E)
8.0
Beta (1Y)
0.22
Revenue Growth
1.42%
EPS Growth
-17.12%
Country
Singapore
Employees
18
Sector
Healthcare
Sector Strength
51
Industry
Medical - Diagnostics & Research

HC Surgical Specialists Ltd Business Overview & Revenue Model

Company Description

HC Surgical Specialists Limited, an investment holding company, primarily delivers a diverse spectrum of medical services across Singapore. Through its network of clinics, the company specializes in endoscopic procedures, such as gastroscopies and co...

How the Company Makes Money

null

HC Surgical Specialists Ltd Financial Statement Overview

Summary

Strong overall fundamentals: very high profitability (gross margins mid-80% range in 2022–2025; net margin ~44% in 2025), consistently positive operating and free cash flow with strong cash conversion (FCF roughly ~0.9–1.0x net income in 2021–2025), and a balance sheet that has de-risked materially with lower leverage and expanding equity. Main risk is uneven revenue/earnings trajectory in 2022–2024 and limited validation of 2026 balance sheet efficiency metrics from the provided ratios.

Income Statement

72Positive

Balance Sheet

82Very Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMMay 2025May 2024May 2023May 2022May 2021
Income Statement
Total Revenue19.22M19.38M19.11M18.81M19.08M19.31M
Gross Profit8.70M6.29M16.11M15.96M16.45M16.67M
EBITDA7.14M6.59M10.88M7.01M5.96M9.59M
Net Income8.73M6.98M8.44M3.85M2.92M6.38M
Balance Sheet
Total Assets28.93M32.56M27.27M27.84M31.26M30.96M
Cash, Cash Equivalents and Short-Term Investments6.96M8.08M5.73M8.06M10.26M6.93M
Total Debt2.40M2.69M2.78M4.34M5.50M6.25M
Total Liabilities6.14M11.98M6.52M13.37M19.18M19.74M
Stockholders Equity23.11M20.91M20.95M14.69M12.10M11.00M
Cash Flow
Free Cash Flow6.85M7.71M6.75M6.23M6.51M6.83M
Operating Cash Flow7.33M7.80M7.23M6.30M7.22M7.05M
Investing Cash Flow1.53M158.00K-444.00K2.84M-1.72M-1.99M
Financing Cash Flow-9.11M-5.28M-9.05M-7.97M-6.24M-9.12M

HC Surgical Specialists Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.34

Price Trends

50DMA0.34Negative
100DMA0.35Negative
200DMA0.35Negative

Market Momentum

MACD0.00Positive
RSI42.05Neutral
STOCH17.78Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:1B1, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.34, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 42.05 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:1B1.

HC Surgical Specialists Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SG:1B1 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:1B1SG:1B177OutperformSGD 52.29M8.0429.03%6.12%1.42%-17.12%
SG:OTXSG:OTX66NeutralSGD 26.91M7.9319.60%8.40%-3.11%-21.50%
SG:8K7SG:8K757NeutralSGD 46.79M22.061.27%―4.69%―
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%

* Healthcare Sector Average

Performance Comparison

-25%0%25%50%75%SG:1B1SG:1J5SG:546SG:8K7SG:MIJSG:OTXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:1B1 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:1B1HC Surgical Specialists Ltd0.340.037.94%
SG:1J5Hyphens Pharma International Ltd.0.360.024.65%
SG:546Medtecs International Corporation Ltd.0.10-0.02-18.40%
SG:8K7UG Healthcare Corp. Ltd.0.07-0.03-25.00%
SG:MIJAlliance Healthcare Group Ltd.0.180.0762.16%
SG:OTXMedinex Ltd.0.20-0.02-8.26%

HC Surgical Specialists Ltd Corporate Events

HC Surgical Specialists Delivers Steady Revenue, Lower FY2026 Profit but Maintains Dividend and Expands Specialist Network

Jul 30, 2026

HC Surgical Specialists Limited reported FY2026 revenue of S$19.38 million, up 1.4% year-on-year, while profit attributable to shareholders fell 17.2% to S$6.98 million, largely due to non-operational fair value losses on derivative financial instrum...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 03, 2026