Hana Microelectronics Public Company Limited (HANA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hana Microelectronics Public Company Limited THB 19.76, price THB 51.00, upside -61.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Hana Microelectronics Public Company Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 14.23 THB – 82.84 THB · fair‑value band 13.04 THB – 19.76 THB · the 51.00 THB price screens above the 19.76 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Hana Microelectronics Public Company in your weekly email
Every Wednesday you see whether Hana Microelectronics Public Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hana Microelectronics Public Company Limited, together with its subsidiaries, engages in the manufacture and trading of electronic components. The company provides printed circuit board assemblies, chip-on-board and flex assembly and test, lamination, coil, winding, integrated circuit assemblies and tests, and LED packaging and test services.
Show more
Hana Microelectronics Public Company Limited, together with its subsidiaries, engages in the manufacture and trading of electronic components. The company provides printed circuit board assemblies, chip-on-board and flex assembly and test, lamination, coil, winding, integrated circuit assemblies and tests, and LED packaging and test services. It also offers electronics manufacturing, and outsourced semiconductor assembly and testing services IC, MEMS, sensors, TO Can, system in packages, optocouplers, and SMT. In addition, the company Liquid Crystal Microdisplays, radio frequency identification RFID devices, SMT and labour-intensive microelectronics assemblies, and IC power management silicon and silicon carbide (SiC) wafer devices. It operates in the United States, Singapore, Malaysia, China, Bulgaria, and internationally. Hana Microelectronics Public Company Limited was founded in 1978 and is headquartered in Bangkok, Thailand.
Stock analysis
Hana Microelectronics Public Company Limited (HANA) currently trades at 51.00 THB, while our model-based Fair Value estimate is 19.76 THB, implying the stock looks roughly 158.1% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 34.91 THB per share, and 2 of the 24 models we run sit above the 51.00 THB price.
Bear case: the Earnings-Based group reads lowest at 5.41 THB, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 13.04 THB (bear) to 19.76 THB (bull), the price of 51.00 THB sits above 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 58/100 (solid quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Hana Microelectronics Public Company Limited reported revenue of 20.6B THB in FY2025 versus 23.8B THB in FY2021, a compound −3.6%/yr. Reported net income was 670M THB in FY2025, compounding −18.8%/yr from FY2021.
Key figures
Market cap 45.2B THB (≈ $1.4B) · P/E ratio 150.0 · P/S ratio 4.89 · EPS (TTM) 0.3400 THB · Dividend yield 2.0% · Net margin 3.3% · Return on equity 1.1% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades at its 52-week high and 248% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −61%, HANA screens cheaper than that median.
Fair Value models
Bear 13.04 THBFair Value 19.76 THBBull 19.76 THB
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.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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−17.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.3%
Start year 2020 (pandemic). Over 10 years: +0.0% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in THB ⓘ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. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−17.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.5%
Dividend (yield on the price)2.0%
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.−20% vs −12%, slowing
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.10% → 0%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −3.3% a year for the price and +8.0% for the forecasts.
Compare Hana Microelectronics Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electronic Components · 644 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−61% · Below median
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−10% · Bottom 25%
Dividend yield (TTM)2.0% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)150.0× · Priciest 25%
P/B1.72× · Cheaper than median
P/S (TTM)2.19× · Pricier than median
P/FCF0.4× · Cheapest 25%
EV/EBITDA24.3× · Pricier than median
PEG0.70× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 40
PAST (return on equity)4· sector 25
HEALTH (low debt)99· sector 95
DIVIDEND (yield)39· sector 24
VALUE 0: the price sits above our fair-value range.
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). "Hana Microelectronics Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/HANA
Frequently asked questions
Is Hana Microelectronics Public Company Limited (HANA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 19.76 THB versus a price of 51.00 THB, about −61% upside (overvalued).
What is the fair value of HANA?
Our model-based fair value for Hana Microelectronics Public Company Limited is 19.76 THB (as of Sep 23, 2026), built from audited fundamentals. The current price: 51.00 THB.
What is the quality score of HANA?
Hana Microelectronics Public Company Limited has a Quality Score of 58/100. 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 Hana Microelectronics Public Company Limited (HANA)?
Our model-based price target is the fair value of 19.76 THB (as of Sep 23, 2026) from 24 valuation models. Cautious scenario 13.04 THB, optimistic scenario 19.76 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Hana Microelectronics Public Company Limited stock forecast for 2026?
Our models put fair value at 19.76 THB, about −61% upside versus a price of 51.00 THB (overvalued). Cautious scenario 13.04 THB, optimistic scenario 19.76 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Hana Microelectronics Public Company Limited (HANA)?
Hana Microelectronics Public Company Limited reported trailing-twelve-month revenue of about 20.7B THB (latest available figure, as of Sep 23, 2026).
Does Hana Microelectronics Public Company Limited pay a dividend?
Hana Microelectronics Public Company Limited currently shows a dividend yield of about 1.96% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Hana Microelectronics Public Company Limited (HANA)?
For today's price to be fair in a discounted-cash-flow model, Hana Microelectronics Public Company Limited would have to grow free cash flow by -2.2 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of HANA use?
Our models discount Hana Microelectronics Public Company Limited at 10.1 %: a base by market capitalisation (large), damped by beta 0.65, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hana Microelectronics Public Company Limited that is -2.2 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Hana Microelectronics Public Company Limited (HANA) delivered so far?
Over the past 5 years revenue at Hana Microelectronics Public Company Limited grew +1.3 % a year. The price currently implies -2.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hana Microelectronics Public Company Limited (HANA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Hana Microelectronics Public Company Limited (-2.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hana Microelectronics Public Company Limited (HANA)?
The free-cash-flow yield on the price is 7.42 %: that much free cash flow Hana Microelectronics Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hana Microelectronics Public Company Limited (HANA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hana Microelectronics Public Company Limited it is 19.76 THB per share (as of Sep 23, 2026), against a price of 51.00 THB. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hana Microelectronics Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HANA trades above its calculated fair value: price 51.00 THB, fair value 19.76 THB, a gap of about −61% (overvalued). 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 HANA?
No. The price is what the market pays today (51.00 THB); the fair value is what the company's own numbers justify (19.76 THB). For Hana Microelectronics Public Company Limited the two are 31.24 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Hana Microelectronics Public Company Limited worth?
The market values Hana Microelectronics Public Company Limited at about 45.2B THB (market capitalisation, as of Sep 23, 2026). Per share that is 51.00 THB; our models calculate a fair value of 19.76 THB per share.
What do the bullish and bearish scenarios say about HANA?
Our models span a range for Hana Microelectronics Public Company Limited: cautious scenario 13.04 THB, base 19.76 THB, optimistic 19.76 THB per share (as of Sep 23, 2026, price 51.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HANA?
Hana Microelectronics Public Company Limited trades at a price-to-earnings ratio of 150.0 (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 19.76 THB is built from several models across several years. Other multiples: PEG 0.7, P/B 1.7, P/S 2.2, EV/EBITDA 24.3.
What is the PEG ratio of HANA?
The PEG ratio of Hana Microelectronics Public Company Limited is 0.70 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hana Microelectronics Public Company Limited (HANA)?
Balance-sheet figures for Hana Microelectronics Public Company Limited (as of Sep 23, 2026): return on equity 1.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is HANA from its 52-week high?
Hana Microelectronics Public Company Limited trades at 51.00 THB, at its 52-week high of 51.25 THB and 248% above the low of 14.64 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 19.76 THB is for.
Which stocks are comparable to Hana Microelectronics Public Company Limited?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Luxshare Precision Industry Co, 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 Hana Microelectronics Public Company Limited stock attractive at the current price?
The data as of Sep 23, 2026: price 51.00 THB, calculated fair value 19.76 THB (−61%), Quality Score 58/100, from 24 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 HANA calculated?
We run Hana Microelectronics Public Company Limited through 24 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 19.76 THB, 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 14.1 % above its aggregate fair value. Hana Microelectronics Public Company Limited itself currently trades above fair value. 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 Hana Microelectronics Public Company Limited (HANA)?
The closing price on Sep 23, 2026 was 51.00 THB. Our model-based fair value is 19.76 THB, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hana Microelectronics Public Company Limited right now?
The price sits above even our optimistic bull case (19.76 THB). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Hana Microelectronics Public Company Limited (HANA) come from?
Earnings per share at Hana Microelectronics Public Company Limited grew −8.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.7 %, EBIT margin −8.5 %, tax rate +0.2 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hana Microelectronics Public Company Limited
How large is the market capitalisation of Hana Microelectronics Public Company Limited (HANA)?
The market capitalisation of Hana Microelectronics Public Company Limited is 45.2B THB (≈ $1.4B). 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 Hana Microelectronics Public Company Limited (HANA)?
The price-to-sales ratio of Hana Microelectronics Public Company Limited is 4.89 (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 Hana Microelectronics Public Company Limited (HANA)?
Earnings per share at Hana Microelectronics Public Company Limited are 0.3400 THB (price ÷ EPS = P/E 150.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hana Microelectronics Public Company Limited (HANA)?
The dividend yield of Hana Microelectronics Public Company Limited is 2.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hana Microelectronics Public Company Limited (HANA)?
The net margin of Hana Microelectronics Public Company Limited is 3.3% (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 Hana Microelectronics Public Company Limited (HANA)?
The return on equity (ROE) of Hana Microelectronics Public Company Limited is 1.1% (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 Hana Microelectronics Public Company Limited (HANA)?
On an EBIT basis the return on assets of Hana Microelectronics Public Company Limited is 3.7% (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 Hana Microelectronics Public Company Limited (HANA)?
The operating margin of Hana Microelectronics Public Company Limited is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hana Microelectronics Public Company Limited (HANA)?
Revenue at Hana Microelectronics Public Company Limited is growing −10.4% versus a year earlier (3y avg −8.9%). 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 Hana Microelectronics Public Company Limited (HANA)?
Earnings per share at Hana Microelectronics Public Company Limited are growing −78.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hana Microelectronics Public Company Limited (HANA) hold?
Hana Microelectronics Public Company Limited holds more cash than debt, 4.8B THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Hana Microelectronics Public Company Limited in the live analysis
One click puts Hana Microelectronics Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
