Hydrogen Engine Center Inc (HYEG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hydrogen Engine Center Inc $0.06, price $0.05, upside +25.1%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.0001 – $0.3400 · fair‑value band $0.0483 – $0.0994 · the $0.0510 price screens below the $0.0638 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Hydrogen Engine Center, Inc., an alternative energy company, manufactures and installs power generation systems and engines for use in the types of distributive power applications. The company's products include generators and wet-sleeve engines.
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Hydrogen Engine Center, Inc., an alternative energy company, manufactures and installs power generation systems and engines for use in the types of distributive power applications. The company's products include generators and wet-sleeve engines. It serves power generation, agriculture, airport service vehicles, stranded power, and transportation markets; and industrial clients that use alternative fuels, such as hydrogen, natural gas, anhydrous ammonia, methanol, propane, syn-gas, landfill gas and other alternative fuels. The company was founded in 2005 and is based in Greeneville, Tennessee.
Stock analysis
Hydrogen Engine Center Inc (HYEG) currently trades at $0.0510, while our model-based Fair Value estimate is $0.0638, implying the stock looks roughly 20.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $0.5700 per share, and 15 of the 16 models we run sit above the $0.0510 price.
Bear case: the Asset-Based group reads lowest at $0.0900, and 1 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.0483 (bear) to $0.0994 (bull), the price of $0.0510 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 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hydrogen Engine Center Inc reported revenue of $146K in FY2018 versus $1.4M in FY2008, a compound −20.0%/yr. Reported net income was $2.5M in FY2025.
Key figures
Market cap $6.6M · P/S ratio 4.85 · EPS (TTM) $−0.1200 · Net margin −247% · Return on equity −169% · Return on assets (EBIT) −41.0% · Operating margin −218% · Revenue growth (YoY) +127%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 59% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 25%, HYEG screens cheaper than that median.
Fair Value models
Bear $0.0483Fair Value $0.0638Bull $0.0994
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.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.
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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+247.2%
Revenue growth 14 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.
+15.5%
’04
’05
’06
’07
’08
’17
’18
Profit margin (trend) ⓘ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.
−710.9% (2007) → −337.1% (2018)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−26.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −28.2% a year for the price.
Compare Hydrogen Engine Center Inc with another stock
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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.Electrical Equipment & Parts · 553 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+25% · Top 25%
Profitability
Return on assets−41% · Bottom 25%
Growth and dividend
Revenue growth127% · Top 25%
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hydrogen Engine Center Inc Fair Value". https://www.fairvalue-calculator.com/stock/HYEG
Frequently asked questions
Is Hydrogen Engine Center Inc (HYEG) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.0638 versus a price of $0.0510, about +25% upside (undervalued).
What is the fair value of HYEG?
Our model-based fair value for Hydrogen Engine Center Inc is $0.0638 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.0510.
What is the quality score of HYEG?
Hydrogen Engine Center Inc has a Quality Score of 53/100. 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 Hydrogen Engine Center Inc (HYEG)?
Our model-based price target is the fair value of $0.0638 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario $0.0483, optimistic scenario $0.0994. It is a calculation from audited fundamentals, not an analyst target.
What is the Hydrogen Engine Center Inc stock forecast for 2026?
Our models put fair value at $0.0638, about +25% upside versus a price of $0.0510 (undervalued). Cautious scenario $0.0483, optimistic scenario $0.0994. The calculation is refreshed regularly with new filings.
What growth is priced into Hydrogen Engine Center Inc (HYEG)?
For today's price to be fair in a discounted-cash-flow model, Hydrogen Engine Center Inc would have to grow free cash flow by -26.5 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 10 years revenue grew -20.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of HYEG use?
Our models discount Hydrogen Engine Center Inc at 12.2 %: a base by market capitalisation (nano), damped by beta 31.97, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hydrogen Engine Center Inc that is -26.5 % per year a year over ten years, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Hydrogen Engine Center Inc (HYEG) delivered so far?
Over the past 10 years revenue at Hydrogen Engine Center Inc grew -20.0 % a year. The price currently implies -26.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hydrogen Engine Center Inc (HYEG) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hydrogen Engine Center Inc (-26.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hydrogen Engine Center Inc (HYEG)?
The free-cash-flow yield on the price is 44.61 %: that much free cash flow Hydrogen Engine Center Inc produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hydrogen Engine Center Inc (HYEG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hydrogen Engine Center Inc it is $0.0638 per share (as of Sep 23, 2026), against a price of $0.0510. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Hydrogen Engine Center Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HYEG trades below its calculated fair value: price $0.0510, fair value $0.0638, a gap of about +25% (undervalued). 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 HYEG?
No. The price is what the market pays today ($0.0510); the fair value is what the company's own numbers justify ($0.0638). For Hydrogen Engine Center Inc the two are $0.0128 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hydrogen Engine Center Inc worth?
The market values Hydrogen Engine Center Inc at about $6.6M (market capitalisation, as of Sep 23, 2026). Per share that is $0.0510; our models calculate a fair value of $0.0638 per share.
What do the bullish and bearish scenarios say about HYEG?
Our models span a range for Hydrogen Engine Center Inc: cautious scenario $0.0483, base $0.0638, optimistic $0.0994 per share (as of Sep 23, 2026, price $0.0510). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hydrogen Engine Center Inc (HYEG)?
Balance-sheet figures for Hydrogen Engine Center Inc (as of Sep 23, 2026): return on equity −168.6%, debt of 0.09 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is HYEG from its 52-week high?
Hydrogen Engine Center Inc trades at $0.0510, about 46% below its 52-week high of $0.0950 and 59% above the low of $0.0320 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0638 is for.
Which stocks are comparable to Hydrogen Engine Center Inc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Hydrogen Engine Center Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $0.0510, calculated fair value $0.0638 (+25%), Quality Score 53/100, from 16 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 HYEG calculated?
We run Hydrogen Engine Center Inc through 16 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 $0.0638, 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 14.0 % above its aggregate fair value. Hydrogen Engine Center Inc currently trades 25 % 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 Hydrogen Engine Center Inc (HYEG)?
The closing price on Sep 24, 2026 was $0.0510. Our model-based fair value is $0.0638, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hydrogen Engine Center Inc right now?
Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($0.0483 to $0.0994) 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 Hydrogen Engine Center Inc
How large is the market capitalisation of Hydrogen Engine Center Inc (HYEG)?
The market capitalisation of Hydrogen Engine Center Inc is $6.6M. 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 Hydrogen Engine Center Inc (HYEG)?
The price-to-sales ratio of Hydrogen Engine Center Inc is 4.85 (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 Hydrogen Engine Center Inc (HYEG)?
Earnings per share at Hydrogen Engine Center Inc are $−0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hydrogen Engine Center Inc (HYEG)?
The net margin of Hydrogen Engine Center Inc is −247% (last twelve months). 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 Hydrogen Engine Center Inc (HYEG)?
The return on equity (ROE) of Hydrogen Engine Center Inc is −169% (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 Hydrogen Engine Center Inc (HYEG)?
On an EBIT basis the return on assets of Hydrogen Engine Center Inc is −41.0% (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 Hydrogen Engine Center Inc (HYEG)?
The operating margin of Hydrogen Engine Center Inc is −218% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hydrogen Engine Center Inc (HYEG)?
Revenue at Hydrogen Engine Center Inc is growing +127% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Hydrogen Engine Center Inc (HYEG) hold?
Hydrogen Engine Center Inc holds more cash than debt, $1.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 23, 2026