HeartCore Enterprises Inc (HTCR) Fair Value & Analysis

Technology · US · Market cap $4.6M · ISIN US42240Q1040

Below-average quality, trading 31% below our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case ($2.79). The market is more pessimistic than our downside scenario.
• The model range is unusually wide ($2.79 to $11.40). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

55‑month range $2.10 – $80.13 · fair‑value band $2.79 – $11.40 · the $2.58 price screens below the $3.71 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

HeartCore Enterprises Inc (HTCR) currently trades at $2.58, while our model-based Fair Value estimate is $3.71, implying the stock looks roughly 44.3% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology 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: low), always confirm before acting.

Over the trailing twelve months, HeartCore Enterprises Inc generated revenue of $9.0M at a net margin of 64.6%. Revenue grew 35.4% year over year. It earns a return on equity of -77.9%. The balance sheet holds a net cash position of $1.2M. Fundamentals as of Aug 22, 2026

Our scenario range runs from $2.79 (bear case) to $11.40 (bull case); at $2.58, the current price sits below 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. For context, the median of 10 Technology peers we cover trades at -38% fair-value upside, at 44%, HTCR 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.

Widest divergence: Growth Earnings ($80.79) versus Asset-Based ($4.08). Highest evidence: Owner Earnings (76).

Key figures & financial health

Quality Score breakdown

About the company

HeartCore Enterprises, Inc. provides initial public offerings (IPO) consulting services in Japan, the United States, and internationally.

Full company description

HeartCore Enterprises, Inc. provides initial public offerings (IPO) consulting services in Japan, the United States, and internationally. It offers Go IPO consulting services, including assisting with introductions to law firms, underwriters, and auditing firms; providing process mining and task mining licenses for internal audit and internal control; assisting in the preparation of documentation for internal controls required for an initial public offering and simultaneous listing on the Nasdaq Stock Market, the New York Stock Exchange, or the NYSE American; providing support services to remove problematic accounting accounts upon listing support; translation of requested documents into English; attending and leading meetings of management and employees; support services related to the Nasdaq, the New York Stock Exchange, or the NYSE American listing; converting accounting data from Japanese standards to accounting principles generally accepted in the U.S.; assisting in the preparation of S-1 or F-1 filings; creating English web page; and preparing an investor presentation/deck and executive summary of the operations. HeartCore Enterprises, Inc. was founded in 2009 and is headquartered in Shibuya, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HeartCore Enterprises Inc reported revenue of $9.0M in FY2025 versus $10.8M in FY2021, a compound −4.6%/yr. Reported net income was $5.8M in FY2025.

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Peer Group

Software - Application · 728 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 Software - Application 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.

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Frequently asked questions

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.