First Hawaiian Valuation

Is 1HI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1HI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1HI (€20.4) is trading below our estimate of fair value (€40.97)

Significantly Below Fair Value: 1HI is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1HI?

Other financial metrics that can be useful for relative valuation.

1HI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio8.5x

Price to Earnings Ratio vs Peers

How does 1HI's PE Ratio compare to its peers?

The above table shows the PE ratio for 1HI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
PCZ ProCredit Holding
5.1x10.1%€573.7m
CBK Commerzbank
8.4x7.6%€17.0b
TKBP Thurgauer Kantonalbank
15.9xn/aCHF2.5b
TCBI Texas Capital Bancshares
18.2x13.3%US$2.9b
1HI First Hawaiian
12.9x1.5%€2.8b

Price-To-Earnings vs Peers: 1HI is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

How does 1HI's PE Ratio compare vs other companies in the European Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 1HI is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the European Banks industry average (7.7x).


Price to Earnings Ratio vs Fair Ratio

What is 1HI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1HI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio7x

Price-To-Earnings vs Fair Ratio: 1HI is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1HI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.40
€21.52
+5.5%
9.3%€23.78€18.65n/a7
May ’25€19.60
€21.52
+9.8%
9.3%€23.78€18.65n/a7
Apr ’25€20.20
€21.01
+4.0%
9.0%€22.84€18.27n/a7
Mar ’25€19.00
€21.08
+11.0%
9.3%€23.08€18.47n/a6
Feb ’25€19.40
€21.08
+8.7%
9.3%€23.08€18.47n/a6
Jan ’25€20.80
€19.42
-6.7%
9.6%€22.02€16.51n/a6
Dec ’24€18.60
€18.37
-1.3%
10.6%€20.72€16.01n/a6
Nov ’24€17.00
€18.37
+8.0%
10.6%€20.72€16.01n/a6
Oct ’24€16.90
€18.94
+12.0%
8.7%€20.83€16.10n/a6
Sep ’24€17.70
€18.79
+6.2%
9.5%€20.92€15.46n/a6
Aug ’24€18.30
€18.79
+2.7%
9.5%€20.92€15.46n/a6
Jul ’24€16.40
€18.71
+14.1%
10.1%€22.08€16.56n/a6
Jun ’24€15.60
€19.68
+26.2%
8.7%€21.80€17.26n/a6
May ’24€17.30
€19.90
+15.0%
8.1%€21.88€17.32€19.606
Apr ’24€19.10
€23.58
+23.4%
14.8%€29.34€19.25€20.207
Mar ’24€25.40
€25.48
+0.3%
7.9%€29.50€22.13€19.007
Feb ’24€24.80
€25.48
+2.8%
7.9%€29.50€22.13€19.407
Jan ’24€24.20
€25.66
+6.0%
8.3%€29.29€21.48€20.807
Dec ’23€24.80
€25.66
+3.5%
8.3%€29.29€21.48€18.607
Nov ’23€25.60
€26.24
+2.5%
8.3%€30.11€22.08€17.007
Oct ’23€25.00
€26.46
+5.9%
10.9%€33.15€23.40€16.907
Sep ’23€25.40
€26.46
+4.2%
10.9%€33.15€23.40€17.707
Aug ’23€25.00
€26.46
+5.9%
10.9%€33.15€23.40€18.307
Jul ’23€21.80
€26.39
+21.0%
10.9%€32.45€23.86€16.407
Jun ’23€23.60
€26.50
+12.3%
9.5%€31.68€23.76€15.608
May ’23€22.20
€26.83
+20.9%
8.7%€31.73€24.27€17.308

Analyst Forecast: Target price is less than 20% higher than the current share price.


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