Honda Atlas Cars (Pakistan) Limited

KASE:HCAR Stock Report

Market Cap: PK₨42.7b

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 (PKR299.17) 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?

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

The above table shows the Price to Earnings ratio for HCAR. This is calculated by dividing HCAR's market cap by their current earnings.
What is HCAR's PE Ratio?
PE Ratio17.9x
EarningsPK₨2.39b
Market CapPK₨42.72b

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 Average10.3x
GHNI Ghandhara Industries
13.1xn/aPK₨17.8b
INDU Indus Motor
9.3xn/aPK₨158.4b
GAL Ghandhara Automobiles
14.3xn/aPK₨15.2b
THALL Thal
4.6xn/aPK₨38.5b
HCAR Honda Atlas Cars (Pakistan)
17.9xn/aPK₨42.7b

Price-To-Earnings vs Peers: HCAR is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
HCAR 17.9xIndustry Avg. 17.8xNo. of Companies9PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HCAR is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the Asian Auto industry average (17.8x).

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 Ratio17.9x
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₨299.17
PK₨316.46
+5.8%
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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