EN DE

First Hartford Corporation (FHRT) Fair Value & Analysis

Real Estate · US · Market cap $68.0M

FH First Hartford Corporation logo First Hartford Corporation FHRT · US
Price$25.74
Fair Value$66.25
Upside+157.4%
Quality56/100
Watch First Hartford Corporation for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 7.0% net margin
High debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 60/100
Evidence: High Range $49.69 – $82.81 Share as image

Fair value as of: Jul 26, 2026

From 7 valuation models · updated 15 days ago

Fair value updated Jul 26, 2026, revised from $67.48 to $66.25 (−1.8%) since Jun 26, 2026. Share price −4.0% over the past month.

A solid business, screening 157% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($49.69). The market is more pessimistic than our downside scenario.
  • 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$37.90 $3.50 Fair Value $66.25 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $3.50 – $37.90 · fair‑value band $49.69 – $82.81 · the $25.74 price screens below the $66.25 fair value. Dashed = 300-day average. As of Jul 26, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

First Hartford Corporation (FHRT) currently trades at $25.74, while our model-based Fair Value estimate is $66.25, implying the stock looks roughly 157.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, First Hartford Corporation generated revenue of $80.6M at a net margin of 7.0%. Revenue declined 10.1% year over year. It earns a return on equity of 44.3%. Net debt stands at $202M. Fundamentals as of Jul 26, 2026

Our scenario range runs from $49.69 (bear case) to $82.81 (bull case); at $25.74, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. 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 32% fair-value upside, at 157%, FHRT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Residual Income $28.30 $41.63 $357.12 76
P/S Multiple $62.55 $83.40 $104.25 58
P/B Multiple $18.12 $24.16 $30.20 55
All 7 models by family
Multiples
P/S Multiple $62.55 $83.40 $104.25 58
P/B Multiple $18.12 $24.16 $30.20 55
EV/EBIT $75.63 $129.75 $183.88 53
EV/EBITDA $75.06 $128.99 $182.92 54
EV/Revenue $2.81 $41.19 $79.57 43
Asset-Based
NCAV (Graham) $6.04 $8.09 $12.08 50
Economic Profit
Residual Income $28.30 $41.63 $357.12 76

Widest divergence: Multiples ($83.40) versus Asset-Based ($8.09). Highest evidence: Residual Income (76).

Notify me when FHRT reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $80.6M
Revenue growth (YoY) -10.1%
Net margin 7.0%
Return on equity 44.3%
Free cash flow −$4.9M FY2025
P/E ratio 6.1
More key figures
Operating margin 30.3%
EPS (TTM) $4.88
EPS growth (YoY) +1,750%
Net debt $202M FY2025

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 46 · Market factors (momentum, volatility) 39

Profitability 48
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$107M
Latest YoY
+80.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Avg. growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.5%
Revenue +4.3%/yr
FY21 $90.7M
FY22 $80.3M
FY23 $71.4M
FY24 $59.5M
FY25 $107M
Net income +11.7%/yr
FY21 $7.2M
FY22 $20.5M
FY23 $3.3M
FY24 −$4.9M
FY25 $11.1M

Watch FHRT: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "First Hartford Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FHRT

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 56 · Top 25%
Fair Value upside +157% · Top 25%
Return on equity (TTM) 44% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 30% · Top 25%
Revenue growth -10% · Below median
Debt / equity 7.33× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than 75% of peers
P/B 2.48× · Pricier than 75% of peers
P/S (TTM) 0.84× · Cheaper than median
EV/EBITDA 11.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 48
FUTURE 0 · sector 0
PAST 100 · sector 10
HEALTH 0 · sector 84
DIVIDEND 0 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

Compare First Hartford Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is First Hartford Corporation (FHRT) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of $66.25 versus a price of $25.74, about +157% (undervalued).
What is the fair value of FHRT?
Our model-based fair value for First Hartford Corporation is $66.25 (as of Jul 26, 2026), built from audited fundamentals. The current price is $25.74.
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 revenue of First Hartford Corporation (FHRT)?
First Hartford Corporation reported trailing-twelve-month revenue of about $80.6M (latest available figure, as of Jul 26, 2026).
What is the net profit margin of FHRT?
The net profit margin of First Hartford Corporation is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track First Hartford Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.