Harmony Energy Income Trust Plc

BATS-CHIXE:HEITL Stock Report

Market Cap: UK£122.0m

Harmony Energy Income Trust Valuation

Is HEITL 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 HEITL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HEITL (£0.4) is trading below our estimate of fair value (£0.98)

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

Key Valuation Metric

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

Key metric: As HEITL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEITL. This is calculated by dividing HEITL's market cap by their current earnings.
What is HEITL's PE Ratio?
PE Ratio38.9x
EarningsUK£3.14m
Market CapUK£121.97m

Price to Earnings Ratio vs Peers

How does HEITL's PE Ratio compare to its peers?

The above table shows the PE ratio for HEITL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.4x
REC Record
12.4x8.2%UK£118.1m
RIII Rights and Issues Investment Trust
6.8xn/aUK£115.7m
0A9X KR1
8.8xn/aUK£129.5m
MGCI M&G Credit Income Investment Trust
9.5xn/aUK£140.7m
HEITL Harmony Energy Income Trust
38.9x7.4%UK£122.0m

Price-To-Earnings vs Peers: HEITL is expensive based on its Price-To-Earnings Ratio (38.9x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does HEITL's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.2xn/aUS$35.28m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
1.9xn/aUS$4.94m
No more companies available in this PE range
No. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEITL is expensive based on its Price-To-Earnings Ratio (38.9x) compared to the UK Capital Markets industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is HEITL'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.

HEITL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HEITL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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