Honda Atlas Cars (Pakistan) Limited

KASE:HCAR Stock Report

Market Cap: PK₨44.3b

Honda Atlas Cars (Pakistan) Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: HCAR (PKR309.88) is trading above our estimate of fair value (PKR29.39)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HCAR 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/Revenue0.7x
Enterprise Value/EBITDA11x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HCAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10x
GHNI Ghandhara Industries
12.7xn/aPK₨17.2b
INDU Indus Motor
9.3xn/aPK₨157.9b
GAL Ghandhara Automobiles
13.8xn/aPK₨14.6b
THALL Thal
4.1xn/aPK₨35.0b
HCAR Honda Atlas Cars (Pakistan)
18.5xn/aPK₨44.3b

Price-To-Earnings vs Peers: HCAR is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does HCAR's PE Ratio compare vs other companies in the Asian Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HCAR is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the Asian Auto industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is HCAR'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.

HCAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HCAR'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?

The above table shows the analyst HCAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentPK₨309.88
PK₨316.46
+2.1%
7.6%PK₨350.00PK₨281.85n/a4
Nov ’25PK₨247.64
PK₨316.46
+27.8%
7.6%PK₨350.00PK₨281.85n/a4
Oct ’25PK₨251.64
PK₨311.33
+23.7%
2.7%PK₨320.00PK₨300.00n/a3
Sep ’25PK₨256.36
PK₨310.00
+20.9%
3.2%PK₨320.00PK₨300.00n/a2
Aug ’25PK₨290.37
PK₨269.53
-7.2%
16.0%PK₨320.00PK₨210.00n/a4
Jul ’25PK₨280.16
PK₨258.28
-7.8%
12.5%PK₨290.00PK₨210.00n/a4
Jun ’25PK₨312.79
PK₨227.35
-27.3%
24.2%PK₨290.00PK₨130.00n/a6
May ’25PK₨305.59
PK₨227.35
-25.6%
24.2%PK₨290.00PK₨130.00n/a6
Apr ’25PK₨225.85
PK₨228.85
+1.3%
24.8%PK₨299.00PK₨130.00n/a6
Mar ’25PK₨226.57
PK₨228.85
+1.0%
24.8%PK₨299.00PK₨130.00n/a6
Feb ’25PK₨214.35
PK₨228.85
+6.8%
24.8%PK₨299.00PK₨130.00n/a6
Jan ’25PK₨221.21
PK₨194.00
-12.3%
20.1%PK₨235.00PK₨130.00n/a4
Dec ’24PK₨232.13
PK₨167.50
-27.8%
29.4%PK₨235.00PK₨109.00n/a6
Nov ’24PK₨184.11
PK₨144.67
-21.4%
30.5%PK₨210.00PK₨98.00PK₨247.646
Oct ’24PK₨120.75
PK₨144.67
+19.8%
30.5%PK₨210.00PK₨98.00PK₨251.646
Sep ’24PK₨105.96
PK₨144.67
+36.5%
30.5%PK₨210.00PK₨98.00PK₨256.366
Aug ’24PK₨144.75
PK₨145.19
+0.3%
28.2%PK₨210.00PK₨98.00PK₨290.377
Jul ’24PK₨92.36
PK₨137.89
+49.3%
29.6%PK₨222.00PK₨98.00PK₨280.166
Jun ’24PK₨93.80
PK₨137.89
+47.0%
29.6%PK₨222.00PK₨98.00PK₨312.796
May ’24PK₨112.30
PK₨165.23
+47.1%
24.0%PK₨222.00PK₨109.00PK₨305.596
Apr ’24PK₨117.83
PK₨163.56
+38.8%
25.2%PK₨222.00PK₨109.00PK₨225.856
Mar ’24PK₨117.95
PK₨170.54
+44.6%
22.8%PK₨222.00PK₨109.00PK₨226.578
Feb ’24PK₨129.85
PK₨173.71
+33.8%
23.3%PK₨222.00PK₨109.00PK₨214.357
Jan ’24PK₨166.26
PK₨190.83
+14.8%
17.5%PK₨222.00PK₨125.00PK₨221.216
Dec ’23PK₨151.31
PK₨184.60
+22.0%
18.0%PK₨215.00PK₨125.00PK₨232.135
Nov ’23PK₨164.44
PK₨229.00
+39.3%
21.1%PK₨312.00PK₨173.00PK₨184.115

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

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