Harn Engineering Solutions Public Company Limited

SET:HARN Stock Report

Market Cap: ฿1.2b

Harn Engineering Solutions Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: HARN (THB2.1) is trading below our estimate of fair value (THB4.94)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HARN. This is calculated by dividing HARN's market cap by their current earnings.
What is HARN's PE Ratio?
PE Ratio12.4x
Earnings฿98.83m
Market Cap฿1.23b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HARN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
CSS Communication & System Solution
21.7xn/a฿1.2b
ALLA Alla
8.8xn/a฿1.0b
MGT Megachem (Thailand)
8.9xn/a฿800.0m
PPM Porn Prom Metal
4.9xn/a฿717.4m
HARN Harn Engineering Solutions
12.4xn/a฿1.2b

Price-To-Earnings vs Peers: HARN is expensive based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does HARN's PE Ratio compare vs other companies in the Asian Trade Distributors Industry?

26 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HARN 12.4xIndustry Avg. 14.1xNo. of Companies89PE01632486480+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HARN is good value based on its Price-To-Earnings Ratio (12.4x) compared to the Asian Trade Distributors industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is HARN'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.

HARN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HARN'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.

Discover undervalued companies

Seafco

฿1.6b

Engages in the construction of foundation and general public works in Thailand and internationally.

SEAFCO

฿1.99

7D

-3.4%

1Y

-20.1%

Kijcharoen Engineering Electric

฿1.9b

Manufactures and distributes electrical cabinets, cable tray systems, electrical wiring equipment, and customized sheet metal works in Thailand.

KJL-F

฿18.20

7D

0%

1Y

n/a

C.I. Group

฿180.6m

Manufactures and distributes air conditioning and refrigeration units and parts in Thailand and internationally.

CIG-W10-R

฿0.05

7D

0%

1Y

0%