What is Harbor Star Shipping Services Inc really worth?
HSHarbor Star Shipping Services IncTUGS · PSE
Price2.00 PHP
Fair Value2.65 PHP
Upside+32.5%
Quality49/100
Below-average quality, trading 25% below our fair value of 2.65 PHP.
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Risks
!Mixed Growth (revenue 5y +16.8 %/yr)
!Thin margins · 0.0% net margin
!High debt
!Trails peers (1/9)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
69 individual criteria per stock, every one traceable See the method →
What matters now
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (1.57 PHP to 3.31 PHP) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 0.4600 PHP – 2.07 PHP · fair‑value band 1.57 PHP – 3.31 PHP · the 2.00 PHP price screens below the 2.65 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Harbor Star Shipping Services Inc (TUGS) currently trades at 2.00 PHP, while our model-based Fair Value estimate is 2.65 PHP, implying the stock looks roughly 24.5% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 8.79 PHP per share, and 23 of the 23 models we run sit above the 2.00 PHP price. Bear case: the Economic Profit group reads lowest at 2.54 PHP, and 0 of the 23 models stay below the price. Evidence for this calculation is low.
The stock trades on a trailing P/E of 42.2 (as of Jul 10, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from 1.57 PHP (bear case) to 3.31 PHP (bull case); at 2.00 PHP, the current price sits within 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. For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at 33%, TUGS screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
ModelBear ⓘ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
Residual Income best evidence3.22 PHP3.20 PHP2.91 PHP76
FCF DCF3.93 PHP11.55 PHP23.60 PHP74
Owner Earnings——1.58 PHP73
All 24 models by family
DCF Models
FCF DCF3.93 PHP11.55 PHP23.60 PHP74
Owner Earnings——1.58 PHP73
5Y Revenue Exit2.37 PHP8.79 PHP17.52 PHP66
5Y EBITDA Exit9.78 PHP24.42 PHP43.23 PHP71
5Y P/E Exit—2.70 PHP6.28 PHP67
10Y Revenue Exit2.58 PHP8.61 PHP17.91 PHP61
10Y EBITDA Exit7.36 PHP19.21 PHP38.00 PHP63
10Y P/E Exit1.06 PHP4.48 PHP9.12 PHP58
Earnings-Based
Graham-Dodd1.64 PHP8.21 PHP11.34 PHP64
Lynch FV2.23 PHP3.18 PHP4.13 PHP61
PEG = 1.02.23 PHP3.18 PHP4.13 PHP57
EPV1.45 PHP2.54 PHP3.45 PHP69
Multiples
P/E Multiple3.79 PHP5.05 PHP6.31 PHP63
P/S Multiple3.07 PHP4.09 PHP5.11 PHP58
P/B Multiple3.07 PHP4.09 PHP5.11 PHP55
EV/EBIT9.58 PHP14.96 PHP20.34 PHP65
EV/EBITDA14.87 PHP22.01 PHP29.15 PHP66
EV/Revenue1.60 PHP5.10 PHP8.59 PHP49
Asset-Based
NCAV (Graham)2.20 PHP2.95 PHP4.41 PHP54
Growth DCF
Growth DCF3.71 PHP10.26 PHP19.90 PHP72
Rev-Margin DCF2.37 PHP8.65 PHP16.98 PHP66
Economic Profit
Residual Income best evidence3.22 PHP3.20 PHP2.91 PHP76
ROIC Compounder1.45 PHP2.54 PHP3.45 PHP70
Growth Earnings
Growth-Adj P/E3.39 PHP4.84 PHP6.30 PHP67
Widest divergence: DCF Models (8.79 PHP) versus Economic Profit (2.54 PHP). Highest evidence: Residual Income (76).
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Key figures & financial health
P/E ratio42.2as of Jul 10, 2026
P/S ratio1.57P/E × margin
EPS (TTM)−0.3234 PHPprice ÷ EPS = P/E 42.2
Net margin3.7%FY2024
Return on assets (EBIT)3.1%avg 4y
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality49/100
Of which business quality 50
· Market factors (momentum, volatility) 70
Profitability26
Margins and returns on capital today
Quality Growth53
Are margins and returns improving?
Cashflow75
Earnings quality: real cash, not paper profit
Fin. Strength33
Balance sheet, leverage, solvency risk
Investment34
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum100
Price trend over the last 3–12 months (market factor)
52W Momentum100
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
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.
Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
3.0B PHP
Latest YoY
+14.1%
Avg. revenue 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.
+16.7%
Avg. revenue 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.
+16.8%
Avg. revenue growth/yr (10Y) ⓘ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.
+10.7%
Value creation/yr (5Y, in PHP) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
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). "Harbor Star Shipping Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/TUGS
Peer Group
Industrials · 5417 stocks
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.)
Quality Score49 · Below median
Fair Value upside+33% · Top 25%
Return on assets0% · Bottom 25%
Net margin (TTM)0% · Below median
Operating margin (TTM)0% · Bottom 25%
Revenue growth0% · Below median
Debt / equity1.59× · Higher than 75% of peers
Valuation Multiples vs Industrials median · lower = cheaper
P/E (TTM)42.2× · Pricier than 75% of peers
Strength profile in five axes (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.
This stockSector peers
VALUE77· sector 5
FUTURE0· sector 23
PAST0· sector 27
HEALTH20· sector 94
DIVIDEND0· sector 35
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
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Is Harbor Star Shipping Services Inc (TUGS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.65 PHP versus a price of 2.00 PHP, about +33% upside (undervalued).
What is the fair value of TUGS?
Our model-based fair value for Harbor Star Shipping Services Inc is 2.65 PHP (as of Aug 13, 2026), built from audited fundamentals. The current price: 2.00 PHP.
What is the quality score of TUGS?
Harbor Star Shipping Services Inc has a Quality Score of 49/100. 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 TUGS?
The net profit margin of Harbor Star Shipping Services Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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