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Home Product Center Public Company (HMPRO-R) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 85.8B THB

HP Home Product Center Public Company HMPRO-R · BK
Price6.70 THB
Fair Value6.31 THB
Upside-5.8%
Quality58/100
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Mixed Growth
Thin margins · 8.3% net margin
Low debt · generates free cash flow
5.71% dividend yield
Ranks above peers (9/15)
Moderate moat 59/100
Evidence: High Range 4.73 THB – 10.30 THB Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 18 days ago

Share price +2.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (4.73 THB to 10.30 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

16.46 THB 5.73 THB Fair Value 6.31 THB Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 5.73 THB – 16.46 THB · fair‑value band 4.73 THB – 10.30 THB · the 6.70 THB price screens above the 6.31 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Home Product Center Public Company (HMPRO-R) currently trades at 6.70 THB, while our model-based Fair Value estimate is 6.31 THB, implying the stock looks roughly 5.8% fairly valued today. We read business quality at 58/100 (solid quality), in the Consumer Cyclical 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, Home Product Center Public Company generated revenue of 69.1B THB at a net margin of 8.3%. Revenue declined 8.1% year over year. It earns a return on equity of 20.4%. Net debt stands at 28.0B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 4.73 THB (bear case) to 10.30 THB (bull case); at 6.70 THB, the current price sits within that range. The share trades about 17% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -25% fair-value upside, at -6%, HMPRO-R 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 4.47 THB 6.71 THB 9.92 THB 80
Residual Income 2.81 THB 3.37 THB 8.50 THB 76
Rev-Margin DCF 3.85 THB 6.14 THB 8.79 THB 74
All 26 models by family
DCF Models
FCF DCF 4.40 THB 6.93 THB 10.81 THB 38
Owner Earnings 4.87 THB 7.67 THB 11.97 THB 31
5Y Revenue Exit 3.85 THB 6.12 THB 9.02 THB 39
5Y EBITDA Exit 5.42 THB 9.08 THB 13.35 THB 41
5Y P/E Exit 5.52 THB 9.27 THB 13.22 THB 38
10Y Revenue Exit 3.89 THB 6.02 THB 8.86 THB 36
10Y EBITDA Exit 5.01 THB 8.07 THB 12.17 THB 37
10Y P/E Exit 5.07 THB 8.21 THB 12.07 THB 35
Earnings-Based
Graham-Dodd 3.17 THB 10.00 THB 13.32 THB 54
Lynch FV 2.19 THB 3.13 THB 4.07 THB 50
PEG = 1.0 2.19 THB 3.13 THB 4.07 THB 46
EPV 2.86 THB 3.35 THB 3.79 THB 59
Dividend Discount
Gordon GGM 3.81 THB 7.93 THB 12.58 THB 70
DDM Multi-Stage 3.81 THB 6.35 THB 8.32 THB 61
Multiples
P/E Multiple 6.99 THB 9.31 THB 11.64 THB 63
P/S Multiple 5.94 THB 7.92 THB 9.90 THB 58
P/B Multiple 4.55 THB 6.07 THB 7.58 THB 55
EV/EBIT 5.58 THB 7.47 THB 9.36 THB 53
EV/EBITDA 6.71 THB 8.98 THB 11.24 THB 54
EV/Revenue 3.73 THB 5.37 THB 7.01 THB 43
Asset-Based
NCAV (Graham) 1.01 THB 1.35 THB 2.02 THB 50
Growth DCF
Growth DCF 4.47 THB 6.71 THB 9.92 THB 80
Rev-Margin DCF 3.85 THB 6.14 THB 8.79 THB 74
Economic Profit
Residual Income 2.81 THB 3.37 THB 8.50 THB 76
ROIC Compounder 3.04 THB 3.90 THB 4.96 THB 72
Growth Earnings
Growth-Adj P/E 5.84 THB 8.34 THB 10.84 THB 68

Widest divergence: Growth Earnings (8.34 THB) versus Asset-Based (1.35 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 69.1B THB
Revenue growth (YoY) -8.1%
Net margin 8.3%
Return on equity 20.4%
Free cash flow 5.1B THB FY2025
P/E ratio 15.1
More key figures
Operating margin 11.2%
EPS (TTM) 0.4400 THB
Dividend yield 5.7%
EPS growth (YoY) -16.6%
Net debt 28.0B THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 54

Profitability 58
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 87
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

Home Product Center Public Company Limited, together with its subsidiaries, operates as a home improvement retailer in Thailand, Malaysia, and Vietnam.

Full company description

Home Product Center Public Company Limited, together with its subsidiaries, operates as a home improvement retailer in Thailand, Malaysia, and Vietnam. It engages in the trading of various goods and materials for construction, addition, refurbishment, and renovation, as well as improvement of buildings, houses, and residential places, including appliances, small appliances, storages and household, furniture and home decors, plumbing, bathroom, kitchen, floors and walls, lamps and light bulbs, outdoors furniture and garden, tools and hardware, construction, electrical and security, doors and windows, bedroom, paint and equipment, sport and travel, beauty and personal care, health, mom and baby, mobile IT gadgets, automotive, pet food and supplies, and TV, audio, and game products through shopping home centers under the HomePro brand name. The company also offers cleaning, repair, installation, site survey, house inspection, removal and relocation, home improvement, and other related services. In addition, it is involved in the management of leasing space; provision of facilities and utilities services; and warehousing management and distribution services. The company was founded in 1995 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Home Product Center Public Company reported revenue of 67.9B THB in FY2025 versus 61.8B THB in FY2021, a compound +2.4%/yr. Reported net income was 6.0B THB in FY2025, compounding +2.5%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
67.9B THB
Latest YoY
−2.7%
Avg. growth/yr (3Y)
+0.5%
Avg. growth/yr (5Y)
+2.5%
Avg. growth/yr (24Y)
+13.5%
Revenue +2.4%/yr
FY21 61.8B THB
FY22 66.8B THB
FY23 70.2B THB
FY24 69.8B THB
FY25 67.9B THB
Net income +2.5%/yr
FY21 5.4B THB
FY22 6.2B THB
FY23 6.4B THB
FY24 6.5B THB
FY25 6.0B THB

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Cite: Fair Value Calculator (2026). "Home Product Center Public Company Fair Value". https://www.fairvalue-calculator.com/stock/HMPRO-R

Peer Group

Home Improvement Retail · 37 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 58 · Above median
Fair Value upside −6% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Home Improvement Retail median · lower = cheaper

P/E (TTM) 15.1× · Cheaper than median
P/B 3.29× · Pricier than 75% of peers
P/S (TTM) 1.24× · Pricier than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 8.3× · Pricier than median
PEG 6.31× · Pricier 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 26 · sector 26
FUTURE 0 · sector 9
PAST 82 · sector 26
HEALTH 89 · sector 95
DIVIDEND 100 · sector 53

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 Home Improvement Retail stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
The Home Depot, Inc HD $337.74 $236.85 -30%
Lowe's Companies, Inc LOW $209.66 $186.32 -11%
Wesfarmers Limited WES A$92.80 A$50.50 -46%
Floor & Decor Holdings FND $56.40 $32.81 -42%
Mr D.I.Y. Group 5296 1.70 MYR 1.47 MYR -14%
Siam Global House Public Company GLOBAL 7.50 THB 5.96 THB -21%
Dohome Public Company DOHOME 3.86 THB 2.90 THB -25%
Haverty Furniture Companies, Inc HVT $25.66 $22.53 -12%
Test-Rite International Co 2908 22.00 TWD 9.18 TWD -58%
Bourrelier Group ALBOU €67.00 €37.21 -44%

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Frequently asked questions

Is Home Product Center Public Company (HMPRO-R) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 6.31 THB versus a price of 6.70 THB, about −6% (fairly valued).
What is the fair value of HMPRO-R?
Our model-based fair value for Home Product Center Public Company is 6.31 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 6.70 THB.
What is the quality score of HMPRO-R?
Home Product Center Public Company has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Home Product Center Public Company (HMPRO-R)?
Home Product Center Public Company reported trailing-twelve-month revenue of about 69.1B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HMPRO-R?
The net profit margin of Home Product Center Public Company is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
Does Home Product Center Public Company pay a dividend?
Home Product Center Public Company currently shows a dividend yield of about 6.28% relative to its recent price (as of Jul 18, 2026).

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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