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Harbor Star Shipping Services Inc (TUGS) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Harbor Star Shipping Services Inc stock PHP 2.68, price PHP 1.49, upside +79.9%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials PH · ISIN PHY3070E1011

HS Thin data Nov 3, 2026

Harbor Star Shipping Services Inc

TUGS · PSE
Meets all rules: undervalued, quality rule, uptrend

The stock costs 44% less than our calculation considers fair.

Fair value 2.68 PHP · Strongly undervalued
Even on cautious assumptions the value is 9% above the price (1.62 PHP).
Quality 48/100
Mixed Growth (revenue 5y +16.8 %/yr in PHP)
Thin margins · 3.7% net margin (FY2024)
High debt
Trails peers (1/8)
Narrow moat 32/100
Thin data
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What runs behind every stock

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Price vs Fair Value

2.07 PHP 0.4600 PHP Fair Value 2.68 PHP Feb 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 0.4600 PHP – 2.07 PHP · fair‑value band 1.62 PHP – 4.51 PHP · the 1.49 PHP price screens below the 2.68 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Stock analysis

Harbor Star Shipping Services Inc (TUGS) currently trades at 1.49 PHP, while our model-based Fair Value estimate is 2.68 PHP, implying the stock looks roughly 44% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 5.27 PHP per share, and 22 of the 23 models we run sit above the 1.49 PHP price.

Bear case: the Asset-Based group reads lowest at 1.54 PHP, and 1 of the 23 models stay below the price. Data coverage for this calculation is low.

Scenario range: 1.62 PHP (bear) to 4.51 PHP (bull), the price of 1.49 PHP sits below 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 48/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Harbor Star Shipping Services Inc reported revenue of 3.0B PHP in FY2024 versus 1.7B PHP in FY2020, a compound +15.9%/yr. Reported net income was 113M PHP in FY2024.

Key figures

Market cap 1.3B PHP (≈ $21.1M) Micro · EPS (TTM) −0.3234 PHP · Net margin 3.7% · Return on assets (EBIT) 3.1% (4-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 28% below its 52-week high and 224% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 80%, TUGS screens cheaper than that median.

Fair Value models

Bear 1.62 PHP Fair Value 2.68 PHP Bull 4.51 PHP
Price 1.49 PHP · Upside +79.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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
FCF DCF 1.62 PHP 5.03 PHP 10.20 PHP 73
EPV 1.00 PHP 1.56 PHP 2.02 PHP 72
Growth DCF 1.50 PHP 4.40 PHP 8.45 PHP 72
All 23 models by family
DCF Models
FCF DCF 1.62 PHP 5.03 PHP 10.20 PHP 73
5Y Revenue Exit 1.09 PHP 4.32 PHP 8.71 PHP 66
5Y EBITDA Exit 5.67 PHP 13.99 PHP 24.69 PHP 71
5Y P/E Exit n/a 1.25 PHP 3.06 PHP 67
10Y Revenue Exit 1.11 PHP 4.03 PHP 8.53 PHP 60
10Y EBITDA Exit 3.91 PHP 10.31 PHP 20.49 PHP 63
10Y P/E Exit 0.3700 PHP 2.04 PHP 4.30 PHP 57
Earnings-Based
Graham-Dodd 0.8600 PHP 4.31 PHP 5.95 PHP 64
Lynch FV 1.17 PHP 1.67 PHP 2.17 PHP 61
PEG = 1.0 1.17 PHP 1.67 PHP 2.17 PHP 57
EPV 1.00 PHP 1.56 PHP 2.02 PHP 72
Multiples
P/E Multiple 1.99 PHP 2.65 PHP 3.31 PHP 63
P/S Multiple 1.61 PHP 2.15 PHP 2.68 PHP 58
P/B Multiple 7.78 PHP 10.38 PHP 12.97 PHP 55
EV/EBIT 5.03 PHP 7.85 PHP 10.68 PHP 65
EV/EBITDA 9.34 PHP 13.60 PHP 17.86 PHP 67
EV/Revenue 0.8400 PHP 2.68 PHP 4.51 PHP 49
Asset-Based
NCAV (Graham) 1.15 PHP 1.54 PHP 2.31 PHP 54
Growth DCF
Growth DCF 1.50 PHP 4.40 PHP 8.45 PHP 72
Rev-Margin DCF 1.09 PHP 4.25 PHP 8.44 PHP 66
Economic Profit
Residual Income 1.64 PHP 1.61 PHP 1.68 PHP 71
ROIC Compounder 1.00 PHP 1.56 PHP 2.02 PHP 71
Growth Earnings
Growth-Adj P/E 1.78 PHP 2.54 PHP 3.31 PHP 67

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Quality Score breakdown

Overall quality 48/100

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

Profitability 26
How much profit the company makes from its sales and capital
Quality Growth 53
Are margins and returns getting better?
Cashflow 75
Do the profits arrive as real cash?
Financial strength 33
Debt, balance sheet and risk of trouble
Investment 34
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 100
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 82
Distance to the 52-week high, does not count
New shares 82
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. 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.1%
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.
+16.7%
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.
+16.8%
Revenue growth 10 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.
+10.7%
What shareholders gained per year (last 5 years), in PHP ⓘ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. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−21.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.5%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘ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.−11% → 20%

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Transport Infrastructure” was too small, so the broader sector is used.)Industrials · 5335 stocks

Beats the sector median on 1/7 measures
Overall it trails its sector peers.
Valuation
Quality Score 48 · Below median
Fair Value upside +79.9% · Top 25%
Profitability
Return on assets 1.6% · Below median
Net margin (12 months) 3.7% · Below median
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 1.59× · Highest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 20
FUTURE (revenue growth)0 · sector 39
PAST (return on equity)0 · sector 30
HEALTH (low debt)20 · sector 94
DIVIDEND (yield)0 · sector 38

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 Transport Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SUN KWANG CO.,Ltd. 003100 18,260 KRW 54,780 KRW +200% vs TUGS
Contemporary Amperex Technology Co 300750 ¥254.22 ¥648.35 +155% vs TUGS
ICT ICT 817.00 PHP 898.70 PHP +10% vs TUGS
Samsung C&T Corporation 028260 273,500 KRW 159,702 KRW −42% vs TUGS
Larsen & Toubro Limited LT ₹4,118 ₹2,302 −44% vs TUGS
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,937 ₹1,051 −46% vs TUGS
Samsung SDI Co 006400 468,000 KRW 153,766 KRW −67% vs TUGS
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 331.75 TRY 76.27 TRY −77% vs TUGS
Delta Electronics (Thailand) Public Company DELTA 177.00 THB 39.14 THB −78% vs TUGS
LG Energy Solution, Ltd 373220 337,500 KRW 53,325 KRW −84% vs TUGS

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Harbor Star Shipping Services Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Harbor Star Shipping Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/TUGS

Frequently asked questions

Is Harbor Star Shipping Services Inc (TUGS) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2.68 PHP versus a price of 1.49 PHP, about +80% upside (undervalued).
What is the fair value of TUGS?
Our model-based fair value for Harbor Star Shipping Services Inc is 2.68 PHP (as of Nov 3, 2026), built from audited fundamentals. The current price: 1.49 PHP.
What is the quality score of TUGS?
Harbor Star Shipping Services Inc has a Quality Score of 48/100. 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 Harbor Star Shipping Services Inc (TUGS)?
Our model-based price target is the fair value of 2.68 PHP (as of Nov 3, 2026) from 23 valuation models. Cautious scenario 1.62 PHP, optimistic scenario 4.51 PHP. It is a calculation from audited fundamentals, not an analyst target.
What is the Harbor Star Shipping Services Inc stock forecast for 2026?
Our models put fair value at 2.68 PHP, about +80% upside versus a price of 1.49 PHP (undervalued). Cautious scenario 1.62 PHP, optimistic scenario 4.51 PHP. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Harbor Star Shipping Services Inc (TUGS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harbor Star Shipping Services Inc it is 2.68 PHP per share (as of Nov 3, 2026), against a price of 1.49 PHP. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Harbor Star Shipping Services Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, TUGS trades below its calculated fair value: price 1.49 PHP, fair value 2.68 PHP, a gap of about +80% (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 TUGS?
No. The price is what the market pays today (1.49 PHP); the fair value is what the company's own numbers justify (2.68 PHP). For Harbor Star Shipping Services Inc the two are 1.19 PHP per share apart. That gap is exactly why we show both numbers side by side.
How much is Harbor Star Shipping Services Inc worth?
The market values Harbor Star Shipping Services Inc at about 1.3B PHP (market capitalisation, as of Nov 3, 2026). Per share that is 1.49 PHP; our models calculate a fair value of 2.68 PHP per share.
What do the bullish and bearish scenarios say about TUGS?
Our models span a range for Harbor Star Shipping Services Inc: cautious scenario 1.62 PHP, base 2.68 PHP, optimistic 4.51 PHP per share (as of Nov 3, 2026, price 1.49 PHP). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Harbor Star Shipping Services Inc (TUGS)?
Balance-sheet figures for Harbor Star Shipping Services Inc (as of Nov 3, 2026): debt of 1.59 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is TUGS from its 52-week high?
Harbor Star Shipping Services Inc trades at 1.49 PHP, about 28% below its 52-week high of 2.07 PHP and 224% above the low of 0.4600 PHP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.68 PHP is for.
Which stocks are comparable to Harbor Star Shipping Services Inc?
From the same area (Industrials) we also value ICT, SUN KWANG CO.,Ltd., Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, 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 Harbor Star Shipping Services Inc stock attractive at the current price?
The data as of Nov 3, 2026: price 1.49 PHP, calculated fair value 2.68 PHP (+80%), Quality Score 48/100, from 23 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 TUGS calculated?
We run Harbor Star Shipping Services Inc through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2.68 PHP builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Harbor Star Shipping Services Inc currently trades 44% 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 Harbor Star Shipping Services Inc (TUGS)?
The closing price on Nov 6, 2026 was 1.49 PHP. Our model-based fair value is 2.68 PHP, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harbor Star Shipping Services Inc right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1.62 PHP). The market is more pessimistic than our downside scenario. The model range is unusually wide (1.62 PHP to 4.51 PHP). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Harbor Star Shipping Services Inc

How large is the market capitalisation of Harbor Star Shipping Services Inc (TUGS)?
The market capitalisation of Harbor Star Shipping Services Inc is 1.3B PHP (≈ $21.1M). 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 are the earnings per share of Harbor Star Shipping Services Inc (TUGS)?
Earnings per share at Harbor Star Shipping Services Inc are −0.3234 PHP. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Harbor Star Shipping Services Inc (TUGS)?
The net margin of Harbor Star Shipping Services Inc is 3.7% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Harbor Star Shipping Services Inc (TUGS)?
On an EBIT basis the return on assets of Harbor Star Shipping Services Inc is 3.1% (avg 4y). 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.
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