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Harworth Group PLC (HWG) fair value: what the stock is really worth

As of Sep 28, 2026: fair value of Harworth Group PLC £1.33, price £1.87, upside -28.7%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · GB · ISIN GB00BYZJ7G42

HG Some data Sep 27, 2026

Harworth Group PLC

HWG · LSE

Weak valuationQuality is weak on top of the rich price.

!Fair value £1.33 · Overvalued (−28.7%)
!Quality 32/100
!Weak Growth (revenue 5y +13.3 %/yr)
!Thin margins · 7.3% net margin (TTM)
!Low debt · negative free cash flow
!1.0% dividend yield · Token dividend
!Trails peers (1/12)
!Narrow moat 22/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 5 out of 100
!Weak on dividend: 20 out of 100

What runs behind every stock

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

Price vs Fair Value

£1.91 £0.9272 Fair Value £1.33 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range £0.9272 – £1.91 · fair‑value band £1.07 – £1.33 · the £1.87 price screens above the £1.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Harworth Group plc operates as a regeneration, strategic land, and development businesses. It operates through two segments, Income Generation and Capital Growth.

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Harworth Group plc operates as a regeneration, strategic land, and development businesses. It operates through two segments, Income Generation and Capital Growth. The Income Generation segment is involved in generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and provision of recycled aggregates products. The Capital Growth segment engages in the planning and development, value engineering, proactive asset management, and strategic land acquisition activities. Its property portfolio includes commercial, industrial and logistics, and residential properties. The company was formerly known as Coalfield Resources plc and changed its name to Harworth Group plc in March 2015. Harworth Group plc was incorporated in 1991 and is headquartered in Rotherham, the United Kingdom.

Stock analysis

Harworth Group PLC (HWG) currently trades at £1.87, while our model-based Fair Value estimate is £1.33, implying the stock looks roughly 40.3% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of £1.44 per share, and 0 of the 6 models we run sit above the £1.87 price.

Bear case: the Dividend Discount group reads lowest at £0.2100, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.

Scenario range: £1.07 (bear) to £1.33 (bull), the price of £1.87 sits above 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 32/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Harworth Group PLC reported revenue of £131M in FY2025 versus £110M in FY2021, a compound +4.4%/yr. Reported net income was £9.5M in FY2025, compounding −43.7%/yr from FY2021.

Key figures

Market cap 624M GBX · P/E ratio 65.9 · P/S ratio 4.78 · EPS (TTM) £0.0283 · Dividend yield 1.0% · Net margin 7.2% · Return on equity 1.4% · Return on assets (EBIT) 6.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 56% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −29%, HWG screens richer than that median.

Fair Value models

Bear £1.07 Fair Value £1.33 Bull £1.33
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.0087 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income £1.40 £1.30 £1.24 74
Gordon GGM £0.1300 £0.2300 £0.3200 65
DDM Multi-Stage £0.1300 £0.2100 £0.2500 65
All 6 models by family
Dividend Discount
Gordon GGM £0.1300 £0.2300 £0.3200 65
DDM Multi-Stage £0.1300 £0.2100 £0.2500 65
Multiples
P/S Multiple £0.3700 £0.5000 £0.6200 58
P/B Multiple £0.3700 £0.5000 £0.6200 55
Asset-Based
NCAV (Graham) £1.07 £1.44 £2.15 54
Economic Profit
Residual Income £1.40 £1.30 £1.24 74

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Quality Score breakdown

Overall quality 32/100

Of which business quality 35 · Market factors (momentum, volatility) 74

Profitability 17
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 73
Share count: buybacks or dilution?

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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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−28.0%
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.
−7.8%
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.
+13.3%
Start year 2020 (pandemic). Over 10 years: +25.8% a year
Revenue growth 35 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.
+1.7%
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.
−17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.7%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18.7% vs −14.6%, slowing
Profit margin 2019 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.17% → −18%
Start year 2020 (pandemic)

HWG screens 40% overvalued. Compare with Sun Hung Kai Properties Limited →

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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.Real Estate - Development · 575 stocks

Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −28.7% · Below median
Profitability
Return on equity (TTM) 1.4% · Below median
Return on assets −1.4% · Bottom 25%
Net margin (TTM) 7.3% · Below median
Operating margin (TTM) −14.8% · Bottom 25%
Growth and dividend
Revenue growth −41.3% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median
Balance sheet
Debt / equity 0.25× · Below median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 65.9× · Priciest 25%
P/B 0.89× · Pricier than median
P/S (TTM) 4.81× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 71
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)5 · sector 12
HEALTH (low debt)88 · sector 83
DIVIDEND (yield)20 · sector 55

VALUE 0: the price sits above our fair-value range.

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$107.10 HK$155.14 +45%
CK Asset Holdings 1113 HK$46.00 HK$71.49 +55%
Hongkong Land Holdings H78 $8.57 $1.52 −82%
DLF Limited DLF ₹683.00 ₹167.48 −75%
China Overseas Land & Investment Limited 0688 HK$12.42 HK$22.33 +80%
Lodha Developers Limited LODHA ₹1,165 ₹274.14 −76%
Poly Developments and Holdings 600048 ¥5.56 ¥5.87 +6%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.18 ¥6.04 −16%
The Wharf (Holdings) Limited 0004 HK$19.39 HK$8.31 −57%
CTP N.V CTPNV €12.90 €10.46 −19%

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Cite: Fair Value Calculator (2026). "Harworth Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/HWG

Frequently asked questions

Is Harworth Group PLC (HWG) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of £1.33 versus a price of £1.87, about −29% upside (overvalued).
What is the fair value of HWG?
Our model-based fair value for Harworth Group PLC is £1.33 (as of Sep 27, 2026), built from audited fundamentals. The current price: £1.87.
What is the quality score of HWG?
Harworth Group PLC has a Quality Score of 32/100. 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 Harworth Group PLC (HWG)?
Our model-based price target is the fair value of £1.33 (as of Sep 27, 2026) from 6 valuation models. Cautious scenario £1.07, optimistic scenario £1.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Harworth Group PLC stock forecast for 2026?
Our models put fair value at £1.33, about −29% upside versus a price of £1.87 (overvalued). Cautious scenario £1.07, optimistic scenario £1.33. The calculation is refreshed regularly with new filings.
What is the revenue of Harworth Group PLC (HWG)?
Harworth Group PLC reported trailing-twelve-month revenue of about £130M (latest available figure, as of Sep 27, 2026).
Does Harworth Group PLC pay a dividend?
Harworth Group PLC currently shows a dividend yield of about 0.98% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Harworth Group PLC (HWG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harworth Group PLC it is £1.33 per share (as of Sep 27, 2026), against a price of £1.87. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Harworth Group PLC stock overvalued or undervalued in 2026?
As of Sep 27, 2026, HWG trades above its calculated fair value: price £1.87, fair value £1.33, a gap of about −29% (overvalued). 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 HWG?
No. The price is what the market pays today (£1.87); the fair value is what the company's own numbers justify (£1.33). For Harworth Group PLC the two are £0.5360 per share apart. That gap is exactly why we show both numbers side by side.
How much is Harworth Group PLC worth?
The market values Harworth Group PLC at about 624M GBX (market capitalisation, as of Sep 27, 2026). Per share that is £1.87; our models calculate a fair value of £1.33 per share.
What do the bullish and bearish scenarios say about HWG?
Our models span a range for Harworth Group PLC: cautious scenario £1.07, base £1.33, optimistic £1.33 per share (as of Sep 27, 2026, price £1.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HWG?
Harworth Group PLC trades at a price-to-earnings ratio of 65.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.33 is built from several models across several years. Other multiples: P/B 0.9, P/S 4.8.
How solid is the balance sheet of Harworth Group PLC (HWG)?
Balance-sheet figures for Harworth Group PLC (as of Sep 27, 2026): return on equity 1.4%, debt of 0.25 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is HWG from its 52-week high?
Harworth Group PLC trades at £1.87, at its 52-week high of £1.87 and 56% above the low of £1.20 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of £1.33 is for.
Which stocks are comparable to Harworth Group PLC?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF 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 Harworth Group PLC stock attractive at the current price?
The data as of Sep 27, 2026: price £1.87, calculated fair value £1.33 (−29%), Quality Score 32/100, from 6 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 HWG calculated?
We run Harworth Group PLC through 6 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 £1.33, 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 15.9 % above its aggregate fair value. Harworth Group PLC itself currently trades above fair value. 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 Harworth Group PLC (HWG)?
The closing price on Sep 28, 2026 was £1.87. Our model-based fair value is £1.33, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harworth Group PLC right now?
The price sits above even our optimistic bull case (£1.33). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Harworth Group PLC (HWG) come from?
Earnings per share at Harworth Group PLC grew −3.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +20.0 %, EBIT margin +22.1 %, tax rate −1.6 %, residual (interest, one-offs) −33.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Harworth Group PLC

How large is the market capitalisation of Harworth Group PLC (HWG)?
The market capitalisation of Harworth Group PLC is 624M GBX. 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 Harworth Group PLC (HWG)?
The price-to-sales ratio of Harworth Group PLC is 4.78 (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 Harworth Group PLC (HWG)?
Earnings per share at Harworth Group PLC are £0.0283 (price ÷ EPS = P/E 65.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Harworth Group PLC (HWG)?
The dividend yield of Harworth Group PLC is 1.0% (payout 64.6%). 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 Harworth Group PLC (HWG)?
The net margin of Harworth Group PLC is 7.2% (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 Harworth Group PLC (HWG)?
The return on equity (ROE) of Harworth Group PLC is 1.4% (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 Harworth Group PLC (HWG)?
On an EBIT basis the return on assets of Harworth Group PLC is 6.6% (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 Harworth Group PLC (HWG)?
The operating margin of Harworth Group PLC is −14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Harworth Group PLC (HWG)?
Revenue at Harworth Group PLC is growing −41.3% versus a year earlier (3y avg −7.8%). 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 Harworth Group PLC (HWG)?
Earnings per share at Harworth Group PLC are growing −35.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Harworth Group PLC (HWG) generate?
The free cash flow of Harworth Group PLC is −61.1M GBX (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Harworth Group PLC (HWG) carry?
The net debt of Harworth Group PLC is 147M GBX (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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