Stock fact sheet · data as of
Horizon Group Properties, Inc. (HGPI): fair value, margin of safety and Wheel Score
Real Estate · Real Estate - Diversified · United States · Value
Is HGPI undervalued?
At 2.50 (close of 16 Oct 2026), HGPI trades 76% below the GLS average fair value of 10.61. That average comes from 7 models run on the latest filings, and 7 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Horizon Group Properties, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 7 models disagree widely: EPV gives 4.61 while GLS Growth gives 16.06. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files HGPI under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for HGPI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 8.93 | +257% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 14.21 | +468% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.50 | +120% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 16.06 | +542% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 9.23 | +269% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 15.73 | +529% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 4.61 | +85% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.6603 | -74% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - HGPI passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 10.3%, ROE 11.8%, ROA 7.9% - with debt at 0.15 times equity and a free-cash-flow yield of 18.6%.
Horizon Group Properties, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 10.3% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 11.8% |
| Debt / equity | 0.15 | ROA | 7.9% |
| Free-cash-flow yield | 18.6% | Payout ratio | 39% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
HGPI has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 1k shares a day on a market cap of $24M, with a beta of -0.11 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 76% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 6 / 15 | moat 3.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 1k shares/day, $24M cap, beta -0.11 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for HGPI in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Real Estate - Diversified
The 12 companies below are the closest to Horizon Group Properties, Inc. by market cap within the Real Estate - Diversified industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MNPP Merchants' National Properties, Inc. | 2,400.00 | 3,156.22 | +24% | 39No options | $218M |
| IRS IRSA Inversiones y Representaciones Sociedad Anónima | 14.14 | 28,438.40 | +100% | 73Good | $1.1B |
| LFT Lument Finance Trust, Inc. | 4.48 | 108.22 | +96% | 39No options | $24M |
| AEI Alset Inc. | 0.6449 | 0.2519 | -156% | 14No options | $25M |
| GPMT Granite Point Mortgage Trust Inc. | 5.31 | 3.39 | -57% | 22Weak | $26M |
| MRNO Murano Global Investments PLC Ordinary Shares | 0.2430 | 4.11 | +94% | 39No options | $19M |
| NYC American Strategic Investment Co. | 5.85 | 83.75 | +93% | 36No options | $19M |
| BHM Bluerock Homes Trust, Inc. | 7.97 | 92.15 | +91% | 39No options | $33M |
| ABCP AmBase Corporation | 0.2060 | 0.0010 | -20012% | 16No options | $17M |
| LGPS LogProstyle Inc. | 0.6540 | 89.39 | +99% | 39No options | $15M |
| LRE Lead Real Estate Co., Ltd American Depositary Shares | 1.12 | 401.65 | +100% | 39No options | $15M |
| SACH Sachem Capital Corp. | 0.8228 | 1.77 | +53% | 45Weak | $39M |
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Start free See the Sunday ScanQuestions about HGPI
Is HGPI undervalued right now?
By the GLS models, yes: at 2.50 the stock is 76% below the average fair value of 10.61 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of HGPI and what does it mean?
HGPI has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for HGPI?
10.61 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Horizon Group Properties, Inc. report earnings next?
No upcoming earnings date is recorded for HGPI in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does HGPI have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on HGPI, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.