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HeartCore Enterprises Inc (HTCR) fair value: what the stock is really worth

As of Oct 14, 2026: fair value of HeartCore Enterprises Inc $1.69, price $1.64, upside +3.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · US · Based in Japan · ISIN US42240Q2030

HE HeartCore Enterprises Inc logo Thin data Oct 3, 2026

HeartCore Enterprises Inc

HTCR · US

Low PriorityFair Value upside is limited and quality is weak.

The stock costs about what our calculation considers fair.

Highly profitable · 42.8% net margin (TTM)
Low debt
Ranks above peers (7/9)
Fair value $1.69 · Fairly valued (+3.0%)
Expensive Growth (revenue 5y +33.4 %/yr in USD)
Moderate moat 60/100
Quality 38/100
Negative free cash flow
Thin data
⚠ Dilution
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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 →

Price vs Fair Value

$80.13 $1.64 Fair Value $1.69 Feb 2022 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

56‑month range $1.64 – $80.13 · fair‑value band $1.18 – $2.20 · the $1.64 price screens below the $1.69 fair value. Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

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

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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.

Stock analysis

HeartCore Enterprises Inc (HTCR) currently trades at $1.64, while our model-based Fair Value estimate is $1.69, so the stock looks roughly fairly valued today (gap 2.9%).

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Valuation

How firm this estimate is: it rests on 10 models at a data quality of 81/100, which puts the data coverage at low.

Scenario range: $1.18 (bear) to $2.20 (bull), the price of $1.64 sits inside 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 38/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap $3.0M · P/S ratio 0.33 · EPS (TTM) $−3.42 · Net margin 64.6% · Return on equity −110% · Return on assets (EBIT) −19.6% · Operating margin −256% · Revenue (TTM) $9.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (medium confidence).

What moves the price

The share trades about 89% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 3%, HTCR screens cheaper than that median.

Fair Value models

Bear $1.18 Fair Value $1.69 Bull $2.20
Price $1.64 · Upside +3.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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.
Best data coverage
Owner Earnings $58.92 $129.35 $271.76 68
Growth-Adj P/E $135.27 $193.24 $251.21 65
P/E Multiple $80.29 $107.06 $133.82 63
All 10 models by family
DCF Models
Owner Earnings $58.92 $129.35 $271.76 68
Earnings-Based
Graham-Dodd $26.00 $181.32 $254.46 61
Lynch FV $93.68 $133.82 $173.97 59
PEG = 1.0 $93.68 $133.82 $173.97 55
Multiples
P/E Multiple $80.29 $107.06 $133.82 63
P/S Multiple $24.41 $32.55 $40.69 58
P/B Multiple $26.07 $34.77 $43.46 55
Asset-Based
NCAV (Graham) $2.90 $3.88 $5.79 54
Economic Profit
Residual Income $21.92 $39.93 $122.95 56
Growth Earnings
Growth-Adj P/E $135.27 $193.24 $251.21 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 78
How much profit the company makes from its sales and capital
Quality Growth 20
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 62
Debt, balance sheet and risk of trouble
Investment 63
Does it invest with discipline instead of growing at any price?
Low Volatility 5
How calm the share price moves, does not count
Momentum 1
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+41.1%
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.
+33.4%
What shareholders gained per year (last 5 years) ⓘ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.
+96.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+96.4%
Dividend (yield on the price)0.0%
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.3% → −33%

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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.Software - Application · 657 stocks

Beats the industry median on 7/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside +3.0% · Above median
Profitability
Return on assets 44.4% · Top 25%
Net margin (12 months) 42.8% · Top 25%
Growth and dividend
Revenue growth 71.6% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.34× · Cheapest 25%
P/S (12 months) 0.33× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)37 · sector 31
FUTURE (revenue growth)100 · sector 41
PAST (return on equity)0 · sector 19
HEALTH (low debt)97 · sector 97
DIVIDEND (yield)0 · sector 32

Context: sector, industry, market

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $238.12 $454.04 +91% vs HTCR
Salesforce, Inc CRM $229.79 $342.73 +49% vs HTCR
Uber Technologies, Inc UBER $71.50 $103.69 +45% vs HTCR
ServiceNow, Inc NOW $138.61 $152.47 +10% vs HTCR
SAP SE SAP €196.94 €172.46 −12% vs HTCR
Cadence Design Systems, Inc CDNS $352.84 $225.48 −36% vs HTCR
Automatic Data Processing, Inc ADP $273.81 $150.01 −45% vs HTCR
Shopify Inc SHOP $170.85 $64.36 −62% vs HTCR
Snowflake Inc SNOW $360.37 $74.36 −79% vs HTCR
Datadog, Inc DDOG $293.26 $32.52 −89% vs HTCR

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HeartCore Enterprises Inc · Fair Value
$1.69 +3%Fair Value
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Cite: Fair Value Calculator (2026). "HeartCore Enterprises Inc Fair Value". https://www.fairvalue-calculator.com/stock/HTCR

Frequently asked questions

Is HeartCore Enterprises Inc (HTCR) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $1.69 versus a price of $1.64, about +3% upside (fairly valued).
What is the fair value of HTCR?
Our model-based fair value for HeartCore Enterprises Inc is $1.69 (as of Oct 3, 2026), built from audited fundamentals. The current price: $1.64.
What is the quality score of HTCR?
HeartCore Enterprises Inc has a Quality Score of 38/100. 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 HeartCore Enterprises Inc (HTCR)?
Our model-based price target is the fair value of $1.69 (as of Oct 3, 2026) from 10 valuation models. Cautious scenario $1.18, optimistic scenario $2.20. It is a calculation from audited fundamentals, not an analyst target.
What is the HeartCore Enterprises Inc stock forecast for 2026?
Our models put fair value at $1.69, about +3% upside versus a price of $1.64 (fairly valued). Cautious scenario $1.18, optimistic scenario $2.20. The calculation is refreshed regularly with new filings.
What is the revenue of HeartCore Enterprises Inc (HTCR)?
HeartCore Enterprises Inc reported trailing-twelve-month revenue of about $9.1M (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of HeartCore Enterprises Inc (HTCR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HeartCore Enterprises Inc it is $1.69 per share (as of Oct 3, 2026), against a price of $1.64. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is HeartCore Enterprises Inc stock overvalued or undervalued in 2026?
As of Oct 3, 2026, HTCR trades below its calculated fair value: price $1.64, fair value $1.69, a gap of about +3% (fairly valued). 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 HTCR?
No. The price is what the market pays today ($1.64); the fair value is what the company's own numbers justify ($1.69). For HeartCore Enterprises Inc the two are $0.0490 per share apart. That gap is exactly why we show both numbers side by side.
How much is HeartCore Enterprises Inc worth?
The market values HeartCore Enterprises Inc at about $3.0M (market capitalisation, as of Oct 3, 2026). Per share that is $1.64; our models calculate a fair value of $1.69 per share.
What do the bullish and bearish scenarios say about HTCR?
Our models span a range for HeartCore Enterprises Inc: cautious scenario $1.18, base $1.69, optimistic $2.20 per share (as of Oct 3, 2026, price $1.64). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HeartCore Enterprises Inc (HTCR)?
Balance-sheet figures for HeartCore Enterprises Inc (as of Oct 3, 2026): return on equity −109.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is HTCR from its 52-week high?
HeartCore Enterprises Inc trades at $1.64, about 89% below its 52-week high of $15.00 and at the low of $1.64 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of $1.69 is for.
Which stocks are comparable to HeartCore Enterprises Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 HeartCore Enterprises Inc stock attractive at the current price?
The data as of Oct 3, 2026: price $1.64, calculated fair value $1.69 (+3%), Quality Score 38/100, from 10 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 HTCR calculated?
We run HeartCore Enterprises Inc through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $1.69, 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 14.7 % above its aggregate fair value. HeartCore Enterprises Inc currently trades 3 % 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 HeartCore Enterprises Inc (HTCR)?
The closing price on Oct 14, 2026 was $1.64. Our model-based fair value is $1.69, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HeartCore Enterprises Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($1.18 to $2.20) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of HeartCore Enterprises Inc

How large is the market capitalisation of HeartCore Enterprises Inc (HTCR)?
The market capitalisation of HeartCore Enterprises Inc is $3.0M. 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 HeartCore Enterprises Inc (HTCR)?
The price-to-sales ratio of HeartCore Enterprises Inc is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HeartCore Enterprises Inc (HTCR)?
Earnings per share at HeartCore Enterprises Inc are $−3.42. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HeartCore Enterprises Inc (HTCR)?
The net margin of HeartCore Enterprises Inc is 64.6% (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 HeartCore Enterprises Inc (HTCR)?
The return on equity (ROE) of HeartCore Enterprises Inc is −110% (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 HeartCore Enterprises Inc (HTCR)?
On an EBIT basis the return on assets of HeartCore Enterprises Inc is −19.6% (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 HeartCore Enterprises Inc (HTCR)?
The operating margin of HeartCore Enterprises Inc is −256% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HeartCore Enterprises Inc (HTCR)?
Revenue at HeartCore Enterprises Inc is growing +71.6% versus a year earlier (3y avg +41.1%). 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 HeartCore Enterprises Inc (HTCR)?
Earnings per share at HeartCore Enterprises Inc are growing −96.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HeartCore Enterprises Inc (HTCR) generate?
The free cash flow of HeartCore Enterprises Inc is −$4.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does HeartCore Enterprises Inc (HTCR) hold?
HeartCore Enterprises Inc holds more cash than debt, $1.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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