Hi-Lex Corporation (HLXFF) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Hi-Lex Corporation stock $28.17, price $13.72, upside +105.3%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 4, 2026.
How to read this chart
60‑month range $3.14 – $13.72 · fair‑value band $24.03 – $37.08 · the $13.72 price screens below the $28.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Hi-Lex Corporation operates in the automotive, industrial equipment, and medical equipment sectors in Japan and internationally.
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The company provides system products, such as power lift gates, wheelchair anchoring systems, and electronic parking systems; door systems comprising door modules and window regulators; cables, such as push-pull cables, pull cables, SPIRAX, and actuators; and ECU electronic control products.
It also offers products in the construction equipment field, including accelerator actuators; housing equipment field products comprising dampers for system air conditioners, elevated grilles, operator units for high windows, and drain valve cables; marine vessel field products, such as operation boxes; and nursing care field products that include bath assist products.
In addition, the company provides medical equipment field products, such as microcatheters and vasular grafts for hemodialysis. The company was incorporated in 1946 and is headquartered in Takarazuka, Japan.
Stock analysis
Hi-Lex Corporation (HLXFF) currently trades at $13.72, while our model-based Fair Value estimate is $28.17, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $81.48 per share, and 9 of the 13 models we run sit above the $13.72 price.
Bear case: the Dividend Discount group reads lowest at $3.79, and 4 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $24.03 (bear) to $37.08 (bull), the price of $13.72 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 61/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hi-Lex Corporation reported revenue of ¥304B in FY2025 versus ¥218B in FY2021, a compound +8.7%/yr. Reported net income was ¥8.4B in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap $623M Small · P/E ratio 1.9 · P/S ratio 0.05 · EPS (TTM) $7.37 · Dividend yield 2.3% · Net margin 2.8% · Return on equity 22.3% · Return on assets (EBIT) 0.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 84% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 105%, HLXFF screens cheaper than that median.
Fair Value models
Bear$24.03Fair Value $28.17Bull$37.08
Price $13.72 · Upside +105.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($7.06 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.4%
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.
+6.0%
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.
+9.2%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in JPY ⓘ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 JPY: 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.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)2.3%
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.−1% → 1%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−1.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −3.7% a year for the price.
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.Conglomerates · 304 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+105.3% · Top 25%
Profitability
Return on equity (12 months)22.3% · Top 25%
Return on assets3.0% · Below median
Net margin (12 months)11.6% · Above median
Operating margin (12 months)1.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)38.3% · Top 25%
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)1.9× · Cheapest 25%
P/B0.42× · Cheapest 25%
P/S (12 months)0.20× · Cheapest 25%
Price / free cash flow (fiscal year)24.7× · Pricier than median
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). "Hi-Lex Corporation Fair Value". https://www.fairvalue-calculator.com/stock/HLXFF
Frequently asked questions
Is Hi-Lex Corporation (HLXFF) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $28.17 versus the last price from Nov 2, 2026 of $13.72, about +105% upside (undervalued).
What is the fair value of HLXFF?
Our model-based fair value for Hi-Lex Corporation is $28.17 (as of Nov 4, 2026), built from audited fundamentals. Last price (from Nov 2, 2026): $13.72.
What is the quality score of HLXFF?
Hi-Lex Corporation has a Quality Score of 61/100. 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 Hi-Lex Corporation (HLXFF)?
Our model-based price target is the fair value of $28.17 (as of Nov 4, 2026) from 13 valuation models. Cautious scenario $24.03, optimistic scenario $37.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Hi-Lex Corporation stock forecast for 2026?
Our models put fair value at $28.17, about +105% upside versus the last price from Nov 2, 2026 of $13.72 (undervalued). Cautious scenario $24.03, optimistic scenario $37.08. The calculation is refreshed regularly with new filings.
What is the revenue of Hi-Lex Corporation (HLXFF)?
Hi-Lex Corporation reported trailing-twelve-month revenue of about ¥397B (latest available figure, as of Nov 4, 2026).
Does Hi-Lex Corporation pay a dividend?
Hi-Lex Corporation currently shows a dividend yield of 2.28% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Hi-Lex Corporation (HLXFF) and when is the ex-dividend date?
Hi-Lex Corporation pays a dividend of $0.313 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Oct 29, 2026. A dividend has been paid every year since 2021. The payout ratio is 21.4% of earnings. Free cash flow covers the dividend 1.80 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hi-Lex Corporation (HLXFF)?
For today's price to be fair in a discounted-cash-flow model, Hi-Lex Corporation would have to grow free cash flow by -1.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.2 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of HLXFF use?
Our models discount Hi-Lex Corporation at 10.6 %: a base by market capitalisation (small), damped by beta 0.76, country premium for USA. 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 Hi-Lex Corporation that is -1.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Hi-Lex Corporation (HLXFF) delivered so far?
Over the past 5 years revenue at Hi-Lex Corporation grew +9.2 % a year. The price currently implies free-cash-flow growth of -1.7 % per 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 Hi-Lex Corporation (HLXFF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Hi-Lex Corporation (-1.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hi-Lex Corporation (HLXFF)?
The free-cash-flow yield on the price is 4.04 %: that much free cash flow Hi-Lex Corporation produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hi-Lex Corporation (HLXFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hi-Lex Corporation it is $28.17 per share (as of Nov 4, 2026), against a price of $13.72. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Hi-Lex Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, HLXFF trades below its calculated fair value: price $13.72, fair value $28.17, a gap of about +105% (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 HLXFF?
No. The price is what the market pays today ($13.72); the fair value is what the company's own numbers justify ($28.17). For Hi-Lex Corporation the two are $14.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hi-Lex Corporation worth?
The market values Hi-Lex Corporation at about $623M (market capitalisation, as of Nov 4, 2026). Per share that is $13.72; our models calculate a fair value of $28.17 per share.
What do the bullish and bearish scenarios say about HLXFF?
Our models span a range for Hi-Lex Corporation: cautious scenario $24.03, base $28.17, optimistic $37.08 per share (as of Nov 4, 2026, price $13.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HLXFF?
Hi-Lex Corporation trades at a price-to-earnings ratio of 1.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $28.17 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 2.9.
How solid is the balance sheet of Hi-Lex Corporation (HLXFF)?
Balance-sheet figures for Hi-Lex Corporation (as of Nov 4, 2026): return on equity 22.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is HLXFF from its 52-week high?
Hi-Lex Corporation trades at $13.72, about 20% below its 52-week high of $17.13 and 84% above the low of $7.48 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $28.17 is for.
Which stocks are comparable to Hi-Lex Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Hi-Lex Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price $13.72, calculated fair value $28.17 (+105%), Quality Score 61/100, from 13 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 HLXFF calculated?
We run Hi-Lex Corporation through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $28.17 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Hi-Lex Corporation currently trades 51% 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 Hi-Lex Corporation (HLXFF)?
The latest price we hold is from Nov 2, 2026 and stands at $13.72. Our model-based fair value is $28.17, about +105% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hi-Lex Corporation right now?
The price is below even our cautious bear case ($24.03). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hi-Lex Corporation
How large is the market capitalisation of Hi-Lex Corporation (HLXFF)?
The market capitalisation of Hi-Lex Corporation is $623M. 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 Hi-Lex Corporation (HLXFF)?
The price-to-sales ratio of Hi-Lex Corporation is 0.05 (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 Hi-Lex Corporation (HLXFF)?
Earnings per share at Hi-Lex Corporation are $7.37 (price ÷ EPS = P/E 1.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hi-Lex Corporation (HLXFF)?
The dividend yield of Hi-Lex Corporation is 2.3% (payout 4.2%). 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 Hi-Lex Corporation (HLXFF)?
The net margin of Hi-Lex Corporation is 2.8% (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 Hi-Lex Corporation (HLXFF)?
The return on equity (ROE) of Hi-Lex Corporation is 22.3% (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 Hi-Lex Corporation (HLXFF)?
On an EBIT basis the return on assets of Hi-Lex Corporation is 0.2% (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 Hi-Lex Corporation (HLXFF)?
The operating margin of Hi-Lex Corporation is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hi-Lex Corporation (HLXFF)?
Revenue at Hi-Lex Corporation is growing +38.3% versus a year earlier (3y avg +6.0%). 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 Hi-Lex Corporation (HLXFF)?
Earnings per share at Hi-Lex Corporation are growing +48.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 4, 2026