Heng Leasing and Capital Public Company (HENG) Fair Value & Analysis
Financial Services · TH · Market cap 3.5B THB
Fair value as of: Jul 13, 2026
From 11 valuation models · updated 28 days ago
Share price +2.2% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits above even our optimistic bull case (0.8700 THB). The favourable scenario is already priced in.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
58‑month range 0.8500 THB – 4.89 THB · fair‑value band 0.5100 THB – 0.8700 THB · the 0.9500 THB price screens above the 0.8700 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.
Analysis
Heng Leasing and Capital Public Company (HENG) currently trades at 0.9500 THB, while our model-based Fair Value estimate is 0.8700 THB, implying the stock looks roughly 8.4% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Heng Leasing and Capital Public Company generated revenue of 1.0B THB at a net margin of 4.3%. Revenue declined 19.9% year over year. It earns a return on equity of 0.9%. Net debt stands at 3.9B THB. Fundamentals as of Jul 13, 2026
Our scenario range runs from 0.5100 THB (bear case) to 0.8700 THB (bull case); at 0.9500 THB, the current price sits above 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 24% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -8%, HENG 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.
All 11 models by family
Widest divergence: Growth DCF (15.60 THB) versus Multiples (0.1200 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 50
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
Heng Leasing and Capital Public Company Limited provides financial services in Thailand. The company offers hire purchase, loans secured against vehicle registrations, land and building loans, regulated personal loans with and without motor vehicle registration as collateral, and nano finance without collateral.
Full company description
Heng Leasing and Capital Public Company Limited provides financial services in Thailand. The company offers hire purchase, loans secured against vehicle registrations, land and building loans, regulated personal loans with and without motor vehicle registration as collateral, and nano finance without collateral. It also provides secured, unsecured, mortgage, and occupational loans; and non-life and life insurance brokerage services to retail customers. Heng Leasing and Capital Public Company Limited was founded in 2015 and is headquartered in San Sai, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Heng Leasing and Capital Public Company reported revenue of 2.2B THB in FY2025 versus 1.6B THB in FY2021, a compound +8.1%/yr. Reported net income was 34.0M THB in FY2025, compounding −44.3%/yr from FY2021.
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Peer Group
Credit Services · 331 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.
Valuation Multiples vs Credit Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $348.97 | $204.19 | -41% |
| Mastercard Incorporated MA | $537.70 | $221.87 | -59% |
| American Express Company AXP | $358.44 | $206.40 | -42% |
| Bajaj Finance Limited BAJFINANCE | ₹1,056 | ₹397.61 | -62% |
| Shriram Finance Limited SHRIRAMFIN | ₹1,024 | ₹553.83 | -46% |
| Cholamandalam Investment and Finance Company CHOLAFIN | ₹1,808 | ₹796.52 | -56% |
| Tata Capital Limited TATACAP | ₹360.60 | ₹229.85 | -36% |
| Power Finance Corporation PFC | ₹405.10 | ₹810.20 | +100% |
| Muthoot Finance Limited MUTHOOTFIN | ₹3,129 | ₹3,463 | +11% |
| Indian Railway Finance Corporation IRFC | ₹88.41 | ₹69.72 | -21% |
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Frequently asked questions
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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.
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