First Hartford Corporation (FHRT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of First Hartford Corporation $46.33, price $25.75, upside +79.9%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $3.55 – $37.90 · fair‑value band $31.39 – $104.25 · the $25.75 price screens below the $46.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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First Hartford Corporation, together with its subsidiaries, engages in the purchase, construction, development, ownership, management, rental, and sale of real estate properties in the United States. It operates through two segments, Real Estate Operations and Fee for Service.
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First Hartford Corporation, together with its subsidiaries, engages in the purchase, construction, development, ownership, management, rental, and sale of real estate properties in the United States. It operates through two segments, Real Estate Operations and Fee for Service. The company owns interests in various properties, which are used as shopping centers, restaurants, police stations, and apartments located in Connecticut, Delaware, Louisiana, Massachusetts, New York, New Jersey, Rhode Island, and Texas. It also provides preferred developer services for CVS, Cumberland Farms, and Wild Fork Foods. First Hartford Corporation was incorporated in 1909 and is based in Manchester, Connecticut.
Stock analysis
First Hartford Corporation (FHRT) currently trades at $25.75, while our model-based Fair Value estimate is $46.33, implying the stock looks roughly 44.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $83.40 per share, and 5 of the 7 models we run sit above the $25.75 price.
Bear case: the Asset-Based group reads lowest at $8.09, and 2 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: $31.39 (bear) to $104.25 (bull), the price of $25.75 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First Hartford Corporation reported revenue of $107M in FY2025 versus $90.7M in FY2021, a compound +4.3%/yr. Reported net income was $11.1M in FY2025, compounding +11.7%/yr from FY2021.
Key figures
Market cap $68.0M · P/E ratio 5.3 · P/S ratio 0.55 · EPS (TTM) $4.88 · Net margin 10.4% · Return on equity 44.3% · Return on assets (EBIT) 4.6% · Operating margin 30.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 80%, FHRT screens cheaper than that median.
Fair Value models
Bear $31.39Fair Value $46.33Bull $104.25
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($4.88 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9% vs 2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 21%
Compare First Hartford Corporation with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 577 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Top 25%
Fair Value upside+80% · Top 25%
Profitability
Return on equity (TTM)44% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)7% · Below median
Operating margin (TTM)30% · Top 25%
Growth and dividend
Revenue growth−10% · Below median
Balance sheet
Debt / equity7.33× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Is First Hartford Corporation (FHRT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $46.33 versus a price of $25.75, about +80% upside (undervalued).
What is the fair value of FHRT?
Our model-based fair value for First Hartford Corporation is $46.33 (as of Sep 23, 2026), built from audited fundamentals. The current price: $25.75.
What is the quality score of FHRT?
First Hartford Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for First Hartford Corporation (FHRT)?
Our model-based price target is the fair value of $46.33 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $31.39, optimistic scenario $104.25. It is a calculation from audited fundamentals, not an analyst target.
What is the First Hartford Corporation stock forecast for 2026?
Our models put fair value at $46.33, about +80% upside versus a price of $25.75 (undervalued). Cautious scenario $31.39, optimistic scenario $104.25. The calculation is refreshed regularly with new filings.
What is the revenue of First Hartford Corporation (FHRT)?
First Hartford Corporation reported trailing-twelve-month revenue of about $80.6M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of First Hartford Corporation (FHRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Hartford Corporation it is $46.33 per share (as of Sep 23, 2026), against a price of $25.75. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is First Hartford Corporation stock overvalued or undervalued in 2026?
As of Sep 23, 2026, FHRT trades below its calculated fair value: price $25.75, fair value $46.33, a gap of about +80% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FHRT?
No. The price is what the market pays today ($25.75); the fair value is what the company's own numbers justify ($46.33). For First Hartford Corporation the two are $20.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is First Hartford Corporation worth?
The market values First Hartford Corporation at about $68.0M (market capitalisation, as of Sep 23, 2026). Per share that is $25.75; our models calculate a fair value of $46.33 per share.
What do the bullish and bearish scenarios say about FHRT?
Our models span a range for First Hartford Corporation: cautious scenario $31.39, base $46.33, optimistic $104.25 per share (as of Sep 23, 2026, price $25.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FHRT?
First Hartford Corporation trades at a price-to-earnings ratio of 5.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $46.33 is built from several models across several years. Other multiples: P/B 2.5, P/S 0.8, EV/EBITDA 11.5.
How solid is the balance sheet of First Hartford Corporation (FHRT)?
Balance-sheet figures for First Hartford Corporation (as of Sep 23, 2026): return on equity 44.3%, debt of 7.33 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is FHRT from its 52-week high?
First Hartford Corporation trades at $25.75, about 32% below its 52-week high of $37.90 and 27% above the low of $20.26 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $46.33 is for.
Which stocks are comparable to First Hartford Corporation?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is First Hartford Corporation stock attractive at the current price?
The data as of Sep 23, 2026: price $25.75, calculated fair value $46.33 (+80%), Quality Score 56/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FHRT calculated?
We run First Hartford Corporation through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $46.33, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. First Hartford Corporation currently trades 80 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of First Hartford Corporation (FHRT)?
The closing price on Sep 23, 2026 was $25.75. Our model-based fair value is $46.33, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Hartford Corporation right now?
The price is below even our cautious bear case ($31.39). The market is more pessimistic than our downside scenario. The model range is unusually wide ($31.39 to $104.25). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of First Hartford Corporation
How large is the market capitalisation of First Hartford Corporation (FHRT)?
The market capitalisation of First Hartford Corporation is $68.0M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of First Hartford Corporation (FHRT)?
The price-to-sales ratio of First Hartford Corporation is 0.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of First Hartford Corporation (FHRT)?
Earnings per share at First Hartford Corporation are $4.88 (price ÷ EPS = P/E 5.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of First Hartford Corporation (FHRT)?
The net margin of First Hartford Corporation is 10.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of First Hartford Corporation (FHRT)?
The return on equity (ROE) of First Hartford Corporation is 44.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of First Hartford Corporation (FHRT)?
On an EBIT basis the return on assets of First Hartford Corporation is 4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of First Hartford Corporation (FHRT)?
The operating margin of First Hartford Corporation is 30.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at First Hartford Corporation (FHRT)?
Revenue at First Hartford Corporation is growing −10.1% versus a year earlier (3y avg +10.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at First Hartford Corporation (FHRT)?
Earnings per share at First Hartford Corporation are growing +17.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does First Hartford Corporation (FHRT) generate?
The free cash flow of First Hartford Corporation is −$4.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does First Hartford Corporation (FHRT) carry?
The net debt of First Hartford Corporation is $202M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026