Humanica Public Company (HUMAN) Fair Value & Analysis
Technology · TH · Market cap 4.0B THB
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 23 days ago
Share price −5.7% over the past month.
A strong business, screening 79% undervalued on our models.
What matters now
- The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (6.20 THB). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
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 3.69 THB – 13.60 THB · fair‑value band 6.20 THB – 10.33 THB · the 4.62 THB price screens below the 8.26 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Humanica Public Company (HUMAN) currently trades at 4.62 THB, while our model-based Fair Value estimate is 8.26 THB, implying the stock looks roughly 78.8% undervalued today. The Quality Score stands at 79/100 (high 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: high), always confirm before acting.
Over the trailing twelve months, Humanica Public Company generated revenue of 1.6B THB at a net margin of 21.3%. Revenue grew 14.6% year over year. It earns a return on equity of 9.5%. The balance sheet holds a net cash position of 318M THB. Fundamentals as of Jul 18, 2026
Our scenario range runs from 6.20 THB (bear case) to 10.33 THB (bull case); at 4.62 THB, 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. The share trades about 40% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 79%, HUMAN 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.
All 26 models by family
Widest divergence: DCF Models (12.39 THB) versus Asset-Based (2.67 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 41
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
Humanica Public Company Limited provides human resource outsourcing and payroll services in the Southeast Asia, Thailand, and Indonesia.
Full company description
Humanica Public Company Limited provides human resource outsourcing and payroll services in the Southeast Asia, Thailand, and Indonesia. The company provides Workplaze HCM Core, a tool which manages employee records, organizational structures, and key HR processes; Workplaze OKR, a goal-setting frameworks for workplace; Workplaze Payroll, an automated payroll solution; Workplaze Time, a time management tool; Workplaze HR Training Management, a management tool for reskilling and upskilling; Workplaze Talent Management, a solution which align people and performance strategies; Workplaze HR Recruitment Management, a platform to plan workforce, post jobs across channels, manage applications, and collaborate with hiring teams; Workplaze Analytics & Reporting; Workplaze Benefits Management, a benefit management solution; Workplaze Mobile, a solution which provides comfort to perform HR tasks anytime and anywhere; and ERP, a solution which streamlines workflow and minimize mistakes, as well as HR solutions for the mid-market segment. The company also provides implementation services for human resource systems, computer software for enterprise resource planning, and access control devices, as well as offers life and non-life insurance brokerage services. In addition, it offers services, such as accounting and financial outsourcing, human resource system consultants, enterprise resource planning, human resources consulting and training, project implementation and customization, systematizing personnel and payroll and selling access control equipment, and benefits administration services; and offers software-as-a-service and on-premises solutions. The company was founded in 2003 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Humanica Public Company reported revenue of 1.5B THB in FY2025 versus 729M THB in FY2021, a compound +20.2%/yr. Reported net income was 346M THB in FY2025, compounding +19.4%/yr from FY2021.
of which total revenue +20.4 pp · buybacks/dilution −28.4 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Software - Application · 709 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.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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Frequently asked questions
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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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