Home Product Center Public Company Limited

SET:HMPRO Stock Report

Market Cap: ฿138.1b

Home Product Center Valuation

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

Below Fair Value: HMPRO (THB10.5) is trading above our estimate of fair value (THB4.03)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HMPRO 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/Revenue2.1x
Enterprise Value/EBITDA13.8x
PEG Ratio11.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HMPRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29x
GLOBAL Siam Global House
32.5x13.7%฿83.8b
DOHOME Dohome
46.4x29.6%฿33.6b
OR PTT Oil and Retail Business
17.3x2.1%฿201.6b
COM7 Com7
19.8x12.3%฿56.5b
HMPRO Home Product Center
21.1x1.9%฿138.1b

Price-To-Earnings vs Peers: HMPRO is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (29x).


Price to Earnings Ratio vs Industry

How does HMPRO's PE Ratio compare vs other companies in the TH Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: HMPRO is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the TH Specialty Retail industry average (20.4x).


Price to Earnings Ratio vs Fair Ratio

What is HMPRO'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.

HMPRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.1x
Fair PE Ratio22.3x

Price-To-Earnings vs Fair Ratio: HMPRO is good value based on its Price-To-Earnings Ratio (21.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).


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 HMPRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿10.50
฿12.72
+21.2%
10.6%฿15.00฿8.80n/a21
Sep ’25฿9.05
฿12.60
+39.2%
11.8%฿15.00฿8.80n/a20
Aug ’25฿8.95
฿13.14
+46.8%
10.3%฿16.00฿10.90n/a20
Jul ’25฿9.05
฿13.96
+54.3%
8.2%฿16.00฿12.00n/a20
Jun ’25฿9.30
฿14.14
+52.0%
9.0%฿16.90฿12.00n/a20
May ’25฿10.40
฿14.35
+38.0%
8.2%฿16.90฿12.00n/a20
Apr ’25฿10.60
฿14.55
+37.3%
8.7%฿16.90฿12.00n/a20
Mar ’25฿10.90
฿14.75
+35.3%
9.0%฿16.90฿12.00n/a20
Feb ’25฿10.40
฿14.73
+41.7%
9.3%฿16.90฿12.00n/a21
Jan ’25฿11.70
฿15.98
+36.6%
6.6%฿18.00฿14.40n/a20
Dec ’24฿11.80
฿16.24
+37.6%
7.1%฿18.50฿14.40n/a20
Nov ’24฿11.60
฿16.52
+42.4%
6.6%฿18.50฿14.40n/a18
Oct ’24฿12.50
฿16.64
+33.1%
6.3%฿18.50฿14.50฿10.7019
Sep ’24฿13.60
฿16.69
+22.7%
6.6%฿18.50฿14.50฿9.0519
Aug ’24฿14.20
฿16.71
+17.7%
7.0%฿18.50฿14.50฿8.9519
Jul ’24฿14.00
฿16.84
+20.3%
7.2%฿18.80฿14.50฿9.0519
Jun ’24฿13.90
฿16.84
+21.2%
7.2%฿18.80฿14.50฿9.3019
May ’24฿14.00
฿16.90
+20.7%
7.3%฿18.80฿14.50฿10.4019
Apr ’24฿14.40
฿17.04
+18.3%
7.4%฿18.80฿14.50฿10.6019
Mar ’24฿13.70
฿17.40
+27.0%
6.7%฿18.80฿14.70฿10.9019
Feb ’24฿14.70
฿17.28
+17.6%
7.0%฿18.80฿14.70฿10.4019
Jan ’24฿15.50
฿17.02
+9.8%
7.1%฿18.80฿14.70฿11.7019
Dec ’23฿15.00
฿17.09
+13.9%
7.1%฿18.80฿14.70฿11.8020
Nov ’23฿14.60
฿16.69
+14.3%
8.2%฿18.70฿13.70฿11.6020
Oct ’23฿13.50
฿16.41
+21.6%
8.3%฿18.70฿13.70฿12.5020

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


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