Hana Microelectronics Public Company Limited

SET:HANA Stock Report

Market Cap: ฿44.3b

Hana Microelectronics Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HANA (THB48.5) is trading above our estimate of future cash flow value (THB24.22)

Significantly Below Future Cash Flow Value: HANA is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HANA. This is calculated by dividing HANA's market cap by their current earnings.
What is HANA's PE Ratio?
PE Ratio73.1x
Earnings฿587.31m
Market Cap฿44.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HANA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38x
CCET Cal-Comp Electronics (Thailand)
43.1x25.55%฿93.5b
FORTH Forth Corporation
12.7x5.72%฿13.3b
TEAM Team Precision
13.8x15.77%฿3.6b
KCE KCE Electronics
82.5x27.07%฿76.8b
HANA Hana Microelectronics
73.1x40.40%฿42.9b

Price-To-Earnings vs Peers: HANA is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the peer average (38x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HANA's PE Ratio compare vs other companies in the Asian Electronic Industry?

51 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HANA 73.1xIndustry Avg. 27.2xNo. of Companies149PE020406080100+
51 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HANA is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the Asian Electronic industry average (27.2x).

Price to Earnings Ratio vs Fair Ratio

What is HANA'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.

HANA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.1x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: HANA is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).

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 HANA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿48.50
฿52.99
+9.26%
11.98%฿64.60฿40.00n/a16
Sep ’27฿45.00
฿52.99
+17.76%
11.98%฿64.60฿40.00n/a16
Aug ’27฿36.00
฿41.26
+14.62%
18.93%฿52.00฿24.00n/a16
Jul ’27฿38.00
฿39.93
+5.09%
19.15%฿52.00฿24.00n/a15
Jun ’27฿37.25
฿36.68
-1.53%
18.79%฿46.00฿24.00n/a14
May ’27฿33.00
฿31.99
-3.06%
27.22%฿56.15฿24.00n/a12
Apr ’27฿26.00
฿30.12
+15.83%
30.29%฿56.15฿22.60n/a12
Mar ’27฿18.20
฿22.03
+21.07%
53.56%฿56.15฿11.40n/a13
Feb ’27฿17.50
฿22.03
+25.91%
53.56%฿56.15฿11.40n/a13
Jan ’27฿16.30
฿23.92
+46.74%
48.23%฿56.15฿11.40n/a13
Dec ’26฿16.90
฿24.47
+44.77%
46.13%฿56.15฿11.40n/a13
Nov ’26฿23.20
฿27.88
+20.18%
36.57%฿56.15฿15.80n/a13
Oct ’26฿22.50
฿26.96
+19.81%
38.73%฿56.15฿15.80n/a13
Sep ’26฿24.40
฿27.09
+11.02%
39.32%฿56.15฿14.50฿45.0013
Aug ’26฿22.60
฿24.10
+6.65%
48.65%฿56.15฿14.50฿36.0013
Jul ’26฿20.00
฿23.73
+18.67%
50.38%฿56.15฿13.40฿38.0013
Jun ’26฿18.70
฿23.97
+28.18%
47.70%฿56.15฿13.40฿37.2515
May ’26฿19.30
฿23.06
+19.49%
53.22%฿56.15฿13.40฿33.0014
Apr ’26฿15.80
฿26.84
+69.88%
51.51%฿56.15฿14.00฿26.0014
Mar ’26฿16.10
฿31.60
+96.26%
38.99%฿56.15฿17.00฿18.2013
Feb ’26฿23.60
฿34.59
+46.57%
25.57%฿56.15฿25.00฿17.5015
Jan ’26฿24.70
฿36.26
+46.79%
24.64%฿56.15฿28.50฿16.3015
Dec ’25฿27.25
฿36.36
+33.42%
24.35%฿56.15฿29.00฿16.9015
Nov ’25฿37.75
฿46.26
+22.54%
12.38%฿56.15฿34.50฿23.2014
Oct ’25฿43.75
฿46.19
+5.58%
12.57%฿56.15฿34.50฿22.5014
Sep ’25฿39.00
฿45.85
+17.56%
11.61%฿56.15฿37.00฿24.4014
฿52.99
Fair Value
8.5% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 11:31
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 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 Github.

Analyst Sources

Hana Microelectronics Public Company Limited is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Suppapong IemkongaekBofA Global Research
Jindarat LaotaveerungsawatBualuang Securities PCL
Napon JaisanBualuang Securities PCL