What is the intrinsic value of HPF.BK?

As of 2025-05-22, the Intrinsic Value of Hemaraj Industrial Property and Leasehold Fund (HPF.BK) is 11.01 THB. This HPF.BK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 4.72 THB, the upside of Hemaraj Industrial Property and Leasehold Fund is 133.30%.

The range of the Intrinsic Value is 9.35 - 13.49 THB

Is HPF.BK undervalued or overvalued?

Based on its market price of 4.72 THB and our intrinsic valuation, Hemaraj Industrial Property and Leasehold Fund (HPF.BK) is undervalued by 133.30%.

	Range	Selected	Upside
a
DCF (Growth 5y)	9.35 - 13.49	11.01	133.3%
DCF (Growth 10y)	10.77 - 15.20	12.56	166.1%
DCF (EBITDA 5y)	8.45 - 10.28	9.75	106.7%
DCF (EBITDA 10y)	10.00 - 12.26	11.44	142.5%
Fair Value	13.92 - 13.92	13.92	194.94%
P/E	5.47 - 8.61	7.07	49.7%
EV/EBITDA	6.34 - 7.72	7.44	57.5%
EPV	6.56 - 8.11	7.33	55.4%
DDM - Stable	4.13 - 8.87	6.50	37.8%
DDM - Multi	6.85 - 10.96	8.39	77.8%