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Hitachi, Ltd (HITACHI24) Fair Value & Analysis

Industrials · TH · Market cap 6.2B THB

HL Hitachi, Ltd HITACHI24 · BK
Price1.38 THB
Fair Value2.76 THB
Upside+100.0%
Quality66/100
Weak Growth
Thin margins · 7.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/10)
Moderate moat 45/100
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Evidence: High Range 2.07 THB – 3.45 THB Share as image

Fair value as of: Aug 2, 2026

From 22 valuation models · updated today

Share price +17.9% over the past month.

A solid business, and the price sits 100% below our fair value.

What matters now

  • The price is below even our cautious bear case (2.07 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (3 months)

1.38 THB 1.17 THB Fair Value 2.76 THB May 2026 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 2, 2026.

How to read this chart

3‑month range 1.17 THB – 1.38 THB · fair‑value band 2.07 THB – 3.45 THB · the 1.38 THB price screens below the 2.76 THB fair value. As of Aug 2, 2026.

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Analysis

Hitachi, Ltd (HITACHI24) currently trades at 1.38 THB, while our model-based Fair Value estimate is 2.76 THB, implying the stock looks roughly 100.0% undervalued today. We read business quality at 66/100 (solid quality), in the Industrials 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, Hitachi, Ltd generated revenue of 11.0T THB at a net margin of 7.2%. Revenue grew 20.0% year over year. It earns a return on equity of 13.3%. Net debt stands at ¥340B. Fundamentals as of Aug 2, 2026

Our scenario range runs from 2.07 THB (bear case) to 3.45 THB (bull case); at 1.38 THB, the current price sits below that range. The share trades near its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 100%, HITACHI24 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 BearBaseBull Evidence
Highest evidence
Growth DCF 2.15 THB 2.78 THB 3.84 THB 80
Residual Income 1.04 THB 1.22 THB 2.34 THB 76
Rev-Margin DCF 1.96 THB 2.80 THB 3.83 THB 74
All 22 models by family
DCF Models
FCF DCF 2.09 THB 2.74 THB 3.92 THB 38
Owner Earnings 1.41 THB 1.83 THB 2.60 THB 31
5Y Revenue Exit 1.96 THB 2.76 THB 3.91 THB 39
5Y EBITDA Exit 2.37 THB 3.46 THB 4.88 THB 41
5Y P/E Exit 1.99 THB 2.81 THB 3.78 THB 38
10Y Revenue Exit 1.95 THB 2.64 THB 3.44 THB 36
10Y EBITDA Exit 2.24 THB 3.09 THB 4.06 THB 37
10Y P/E Exit 2.01 THB 2.68 THB 3.35 THB 35
Earnings-Based
Graham-Dodd 0.9425 THB 1.64 THB 2.01 THB 54
EPV 1.62 THB 1.86 THB 2.06 THB 59
Multiples
P/E Multiple 2.08 THB 2.77 THB 3.47 THB 63
P/S Multiple 1.77 THB 2.36 THB 2.95 THB 58
P/B Multiple 1.77 THB 2.36 THB 2.95 THB 55
EV/EBIT 2.93 THB 3.86 THB 4.80 THB 53
EV/EBITDA 2.93 THB 3.86 THB 4.79 THB 54
EV/Revenue 2.02 THB 2.83 THB 3.64 THB 43
Asset-Based
NCAV (Graham) 0.5673 THB 0.7602 THB 1.13 THB 50
Growth DCF
Growth DCF 2.15 THB 2.78 THB 3.84 THB 80
Rev-Margin DCF 1.96 THB 2.80 THB 3.83 THB 74
Economic Profit
Residual Income 1.04 THB 1.22 THB 2.34 THB 76
ROIC Compounder 1.65 THB 1.93 THB 2.22 THB 72
Growth Earnings
Growth-Adj P/E 1.47 THB 2.10 THB 2.73 THB 68

Widest divergence: Growth DCF (2.78 THB) versus Asset-Based (0.7602 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.0T THB
Revenue growth (YoY) +20.0%
Net margin 7.2%
Return on equity 13.3%
Free cash flow ¥1.2T FY2026
P/E ratio 0.0
More key figures
Operating margin 10.9%
EPS (TTM) 36.22 THB
EPS growth (YoY) +0.5%
Net debt ¥340B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 73

Profitability 44
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 97
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

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through Digital Systems & Services, Green Energy & Mobility, Connective Industries, and Others segments.

Full company description

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through Digital Systems & Services, Green Energy & Mobility, Connective Industries, and Others segments. The company offers system integration, consulting, cloud services, storage, servers, software, and ATMs; finance solutions, social infrastructure information systems, public IT solutions, industrial internet of things, digital engineering, control system, and cloud services; and IT products, such as data management and storage. It also provides energy power grids, clean, nuclear, renewable energy, transmission, distribution, digital service, service and consulting, and utility solutions; and railway systems, such as rolling stock, signaling, supervision, telecommunications, and ticketing and payment solutions; automotive automation, including automotive assembly, glass applications, press automation, powertrain, paint and sealer applications, and tyre and wheel systems; and e-mobility solutions, as well as elevators and escalators, home appliances, air conditioners, industry and distribution solution, water and environment solutions, and industrial machinery. In addition, the company offers semiconductor manufacturing equipment; electron microscopes and atomic force microscopes; analytical systems, such as spectrophotometers, thermal analysis and chromatography systems, x-ray fluorescence analyzers, silicon drift detectors, potentiometric titrator, laser induced breakdown spectroscopy, and magnetic induction devices; clinical analyzers, and treatment and diagnostics solutions. Further, it provides automated manufacturing and robotic technologies, industrial & portable air compressors, industrial equipment systems, build-to-order industrial equipment, water environment solution, ATM and cash recycling. Hitachi, Ltd. was founded in 1910 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2023 – FY2026 · reported fiscal years

Hitachi, Ltd reported revenue of ¥10.6T in FY2026 versus ¥10.9T in FY2023, a compound −0.9%/yr. Reported net income was ¥802B in FY2026, compounding +7.3%/yr from FY2023.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
10.6T THB
Latest YoY
+8.2%
Avg. growth/yr (3Y)
−0.9%
Revenue −0.9%/yr
FY23 ¥10.9T
FY24 ¥9.7T
FY25 ¥9.8T
FY26 ¥10.6T
Net income +7.3%/yr
FY23 ¥649B
FY24 ¥590B
FY25 ¥616B
FY26 ¥802B

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Cite: Fair Value Calculator (2026). "Hitachi, Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HITACHI24

Peer Group

Conglomerates · 371 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 66 · Top 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 20% · Top 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 0.0× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

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 / 15
FUTURE 100 / 15
PAST 53 / 19
HEALTH 96 / 89
DIVIDEND 0 / 40

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

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The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
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Frequently asked questions

Is Hitachi, Ltd (HITACHI24) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of 2.76 THB versus a price of 1.38 THB, about +100% (undervalued).
What is the fair value of HITACHI24?
Our model-based fair value for Hitachi, Ltd is 2.76 THB (as of Aug 2, 2026), built from audited fundamentals. The current price is 1.38 THB.
What is the quality score of HITACHI24?
Hitachi, Ltd has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hitachi, Ltd (HITACHI24)?
Hitachi, Ltd reported trailing-twelve-month revenue of about 11.0T THB (latest available figure, as of Aug 2, 2026).
What is the net profit margin of HITACHI24?
The net profit margin of Hitachi, Ltd is about 7.2%, meaning it keeps roughly 7.2% 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.

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