Harworth Group plc

LSE:HWG Stock Report

Market Cap: UK£551.9m

Harworth Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
UK£0.29
Fair Value
482.3% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: HWG (£1.71) is trading above our estimate of fair value (£0.29)

Significantly Below Fair Value: HWG is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HWG. This is calculated by dividing HWG's market cap by their current earnings.
What is HWG's PE Ratio?
PE Ratio11.1x
EarningsUK£49.89m
Market CapUK£551.87m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HWG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
DAR Dar Global
29.8x37.1%US$1.5b
MTVW Mountview Estates
13.4xn/aUK£362.6m
SVS Savills
32x32.7%UK£1.4b
SRE Sirius Real Estate
10.9x18.0%UK£1.2b
HWG Harworth Group
11.1x26.6%UK£551.9m

Price-To-Earnings vs Peers: HWG is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does HWG's PE Ratio compare vs other companies in the European Real Estate Industry?

28 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HWG 11.1xIndustry Avg. 18.6xNo. of Companies30PE01632486480+
28 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HWG is good value based on its Price-To-Earnings Ratio (11.1x) compared to the European Real Estate industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is HWG'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.

HWG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio24.8x

Price-To-Earnings vs Fair Ratio: HWG is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).

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 HWG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.71
UK£2.21
+29.4%
10.2%UK£2.52UK£2.00n/a3
Jan ’26UK£1.70
UK£2.16
+26.9%
12.0%UK£2.52UK£1.95n/a3
Dec ’25UK£1.74
UK£2.16
+23.9%
12.0%UK£2.52UK£1.95n/a3
Nov ’25UK£1.75
UK£2.16
+23.2%
12.0%UK£2.52UK£1.95n/a3
Oct ’25UK£1.94
UK£2.16
+11.5%
12.0%UK£2.52UK£1.95n/a3
Sep ’25UK£1.65
UK£2.01
+21.6%
4.4%UK£2.13UK£1.94n/a3
Aug ’25UK£1.65
UK£2.01
+22.0%
4.4%UK£2.13UK£1.94n/a3
Jul ’25UK£1.56
UK£1.86
+19.2%
10.8%UK£2.13UK£1.65n/a3
Jun ’25UK£1.38
UK£1.86
+34.8%
10.8%UK£2.13UK£1.65n/a3
May ’25UK£1.37
UK£1.86
+36.3%
10.8%UK£2.13UK£1.65n/a3
Apr ’25UK£1.39
UK£1.86
+34.3%
10.8%UK£2.13UK£1.65n/a3
Mar ’25UK£1.29
UK£1.84
+42.4%
11.4%UK£2.13UK£1.65n/a3
Feb ’25UK£1.31
UK£1.73
+32.3%
17.5%UK£2.13UK£1.40n/a3
Jan ’25UK£1.22
UK£1.73
+42.1%
17.5%UK£2.13UK£1.40UK£1.703
Dec ’24UK£1.13
UK£1.73
+52.8%
17.5%UK£2.13UK£1.40UK£1.743
Nov ’24UK£0.99
UK£1.70
+71.2%
15.8%UK£2.13UK£1.40UK£1.754
Oct ’24UK£1.06
UK£1.70
+60.7%
15.8%UK£2.13UK£1.40UK£1.944
Sep ’24UK£1.08
UK£1.70
+57.7%
15.8%UK£2.13UK£1.40UK£1.654
Aug ’24UK£1.13
UK£1.70
+50.0%
15.8%UK£2.13UK£1.40UK£1.654
Jul ’24UK£1.06
UK£1.70
+60.7%
15.8%UK£2.13UK£1.40UK£1.564
Jun ’24UK£1.23
UK£1.73
+41.4%
15.6%UK£2.13UK£1.40UK£1.384
May ’24UK£1.17
UK£1.60
+36.8%
10.2%UK£1.80UK£1.40UK£1.373
Apr ’24UK£1.09
UK£1.60
+47.5%
10.2%UK£1.80UK£1.40UK£1.393
Mar ’24UK£1.19
UK£1.53
+28.9%
6.1%UK£1.60UK£1.40UK£1.293
Feb ’24UK£1.18
UK£1.52
+28.5%
7.8%UK£1.60UK£1.35UK£1.313
Jan ’24UK£1.06
UK£1.88
+77.7%
16.8%UK£2.20UK£1.45UK£1.223
Analyst Price Target
Consensus Narrative from 3 Analysts
UK£2.21
Fair Value
22.7% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 00:42
End of Day Share Price 2025/01/17 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Harworth Group plc is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher SpearingCanaccord Genuity
Conall MacCoilleDavy
Colin SheridanDavy