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QHHRREIT Fair Value & Analysis

Real Estate · TH · Market cap 3.5B THB

Q QHHRREIT QHHRREIT · BK
Price8.70 THB
Fair Value9.64 THB
Upside+10.8%
Quality66/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Moderate moat 58/100
Evidence: High Range 9.17 THB – 13.26 THB Share as image

Fair value as of: Jul 14, 2026

From 11 valuation models · updated 27 days ago

Share price +3.0% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (9.17 THB). The market is more pessimistic than our downside scenario.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (2 years)

8.80 THB 5.25 THB Fair Value 9.64 THB Jun 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

26‑month range 5.25 THB – 8.80 THB · fair‑value band 9.17 THB – 13.26 THB · the 8.70 THB price screens below the 9.64 THB fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

QHHRREIT (QHHRREIT) currently trades at 8.70 THB, while our model-based Fair Value estimate is 9.64 THB, implying the stock looks roughly 10.8% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Real Estate 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.

Net debt stands at 1.4B THB. The stock trades on a trailing P/E of 6.3. Fundamentals as of Jul 14, 2026

Our scenario range runs from 9.17 THB (bear case) to 13.26 THB (bull case); at 8.70 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 near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -33% fair-value upside, at 11%, QHHRREIT 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.

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
Highest evidence
Growth DCF 1.27 THB 80
Residual Income 9.17 THB 9.64 THB 10.27 THB 76
Rev-Margin DCF 2.47 THB 8.27 THB 20.31 THB 74
All 11 models by family
DCF Models
FCF DCF 1.37 THB 38
5Y Revenue Exit 1.86 THB 6.83 THB 17.32 THB 39
10Y Revenue Exit 0.5500 THB 7.82 THB 13.26 THB 36
Multiples
P/S Multiple 6.02 THB 8.03 THB 10.04 THB 58
P/B Multiple 10.57 THB 14.09 THB 17.61 THB 55
EV/EBIT 14.54 THB 20.51 THB 26.47 THB 53
EV/Revenue 2.71 THB 5.30 THB 7.90 THB 43
Asset-Based
NCAV (Graham) 5.71 THB 7.65 THB 11.41 THB 50
Growth DCF
Growth DCF 1.27 THB 80
Rev-Margin DCF 2.47 THB 8.27 THB 20.31 THB 74
Economic Profit
Residual Income 9.17 THB 9.64 THB 10.27 THB 76

Widest divergence: Economic Profit (9.64 THB) versus DCF Models (6.83 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Free cash flow 37.3M THB FY2025
P/E ratio 7.0
EPS (TTM) 1.24 THB
Net debt 1.4B THB FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 89

Profitability 39
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Quality Houses Hotel And Residence Freehold And Leasehold Reit engages in investing in Centre Point hotels and residences. The company is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2020 – FY2025 · reported fiscal years

QHHRREIT reported revenue of 500M THB in FY2025 versus 168M THB in FY2020, a compound +24.4%/yr. Reported net income was 336M THB in FY2025, compounding +26.7%/yr from FY2020.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
500M THB
Avg. growth/yr (3Y) 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.
+53.9%
Avg. growth/yr (5Y) 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.
+24.4%
Revenue +24.4%/yr
FY20 168M THB
FY21 91.9M THB
FY22 137M THB
FY23 251M THB
FY25 500M THB
Net income +26.7%/yr
FY20 103M THB
FY21 −159M THB
FY22 −169M THB
FY23 7.4M THB
FY25 336M THB

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Cite: Fair Value Calculator (2026). "QHHRREIT Fair Value". https://www.fairvalue-calculator.com/stock/QHHRREIT

Peer Group

REIT - Hotel & Motel · 35 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.

Quality Score 67 · Top 25%
Fair Value upside +11% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.31× · Lower than 75% of peers

Valuation Multiples vs REIT - Hotel & Motel median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/FCF 2.8× · Cheaper than median

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.

VALUE 48 · sector 12
FUTURE 0 · sector 2
PAST 0 · sector 6
HEALTH 85 · sector 73
DIVIDEND 0 · sector 65

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Hotel & Motel stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Host Hotels & Resorts, Inc HST $24.50 $16.49 -33%
Ryman Hospitality Properties, Inc RHP $133.09 $48.74 -63%
COVH COVH €21.80 €21.79 -0%
Apple Hospitality REIT, Inc APLE $16.61 $12.63 -24%
Park Hotels & Resorts inc. PK $14.74 $20.58 +40%
DiamondRock Hospitality Company DRH $12.85 $8.43 -34%
Sunstone Hotel Investors, Inc SHO $11.74 $2.52 -79%
Pebblebrook Hotel Trust PEB $19.09 $25.37 +33%
Xenia Hotels & Resorts, Inc XHR $21.49 $11.63 -46%
RLJ Lodging Trust (RLJ) RLJ $12.34 $8.28 -33%

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Frequently asked questions

Is QHHRREIT overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 9.64 THB versus a price of 8.70 THB, about +11% (undervalued).
What is the fair value of QHHRREIT?
Our model-based fair value for QHHRREIT is 9.64 THB (as of Jul 14, 2026), built from audited fundamentals. The current price is 8.70 THB.
What is the quality score of QHHRREIT?
QHHRREIT has a Quality Score of 66/100. 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 net profit margin of QHHRREIT?
The net profit margin of QHHRREIT is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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