HighCom Limited

ASX:HCL Stock Report

Market Cap: AU$19.8m

HighCom Past Earnings Performance

Past criteria checks 0/6

HighCom's earnings have been declining at an average annual rate of -16.2%, while the Aerospace & Defense industry saw earnings growing at 18.6% annually. Revenues have been growing at an average rate of 3.5% per year.

Key information

-16.24%

Earnings growth rate

-10.64%

EPS growth rate

Aerospace & Defense Industry Growth25.72%
Revenue growth rate3.47%
Return on equity-40.93%
Net Margin-28.41%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Analysis Article Jan 14

Fewer Investors Than Expected Jumping On HighCom Limited (ASX:HCL)

With a price-to-sales (or "P/S") ratio of 0.6x HighCom Limited ( ASX:HCL ) may be sending very bullish signals at the...
Analysis Article Sep 27

Slammed 36% HighCom Limited (ASX:HCL) Screens Well Here But There Might Be A Catch

HighCom Limited ( ASX:HCL ) shares have had a horrible month, losing 36% after a relatively good period beforehand...
Narrative Update Sep 02

New CEO, XTclave Rollout And AeroVironment Agreement Will Boost Operations

HighCom’s consensus price target has increased to A$0.40, primarily driven by a sharp upgrade in revenue growth forecasts, while the fair value multiple has also risen. Valuation Changes Summary of Valuation Changes for HighCom The Consensus Analyst Price Target has significantly risen from A$0.35 to A$0.40.
Analysis Article Aug 13

HighCom Limited's (ASX:HCL) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

ASX:HCL 1 Year Share Price vs Fair Value Explore HighCom's Fair Values from the Community and select yours HighCom...
Analysis Article Jun 19

Improved Revenues Required Before HighCom Limited (ASX:HCL) Stock's 30% Jump Looks Justified

HighCom Limited ( ASX:HCL ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article May 30

We Like These Underlying Return On Capital Trends At HighCom (ASX:HCL)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
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New Narrative Apr 27

New CEO, XTclave Rollout And AeroVironment Agreement Will Boost Operations

The new CEO's focus on strategic growth and efficiency is expected to enhance revenue, earnings, and operational performance.
Analysis Article Mar 27

There's No Escaping HighCom Limited's (ASX:HCL) Muted Revenues Despite A 26% Share Price Rise

HighCom Limited ( ASX:HCL ) shares have continued their recent momentum with a 26% gain in the last month alone. The...
Analysis Article Feb 08

Cautious Investors Not Rewarding HighCom Limited's (ASX:HCL) Performance Completely

HighCom Limited's ( ASX:HCL ) price-to-sales (or "P/S") ratio of 0.4x may look like a pretty appealing investment...
Analysis Article Aug 06

HighCom Limited's (ASX:HCL) Shares Climb 40% But Its Business Is Yet to Catch Up

HighCom Limited ( ASX:HCL ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Apr 26

Improved Revenues Required Before HighCom Limited (ASX:HCL) Stock's 28% Jump Looks Justified

HighCom Limited ( ASX:HCL ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...
Analysis Article Mar 02

HighCom Limited (ASX:HCL) Just Reported, And Analysts Assigned A AU$0.34 Price Target

HighCom Limited ( ASX:HCL ) investors will be delighted, with the company turning in some strong numbers with its...
Analysis Article Feb 29

Why Investors Shouldn't Be Surprised By HighCom Limited's (ASX:HCL) 57% Share Price Plunge

The HighCom Limited ( ASX:HCL ) share price has fared very poorly over the last month, falling by a substantial 57...
Analysis Article Dec 15

Estimating The Intrinsic Value Of HighCom Limited (ASX:HCL)

Key Insights The projected fair value for HighCom is AU$0.37 based on Dividend Discount Model Current share price of...
Analysis Article Sep 13

A Look At The Fair Value Of XTEK Limited (ASX:XTE)

Key Insights The projected fair value for XTEK is AU$0.36 based on Dividend Discount Model With AU$0.30 share price...
Analysis Article Apr 17

Calculating The Intrinsic Value Of XTEK Limited (ASX:XTE)

Key Insights The projected fair value for XTEK is AU$0.55 based on 2 Stage Free Cash Flow to Equity XTEK's AU$0.54...
Analysis Article Sep 12

We Think XTEK's (ASX:XTE) Profit Is Only A Baseline For What They Can Achieve

The subdued stock price reaction suggests that XTEK Limited's ( ASX:XTE ) strong earnings didn't offer any surprises...
Analysis Article Apr 08

Is XTEK (ASX:XTE) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Dec 23

What Did XTEK's (ASX:XTE) CEO Take Home Last Year?

This article will reflect on the compensation paid to Philippe Odouard who has served as CEO of XTEK Limited ( ASX:XTE...

Revenue & Expenses Breakdown

How HighCom makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:HCL Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2532-9120
30 Sep 2540-5120
30 Jun 2548-1120
31 Dec 24573140
30 Sep 2451-4150
30 Jun 2445-12160
31 Dec 2356-13180
30 Sep 2373-4200
30 Jun 23896220
31 Mar 239212240
31 Dec 229519260
30 Sep 227712230
30 Jun 22586200
31 Mar 2243-1160
31 Dec 2127-7130
30 Sep 2128-6130
30 Jun 2128-4120
31 Mar 2134-2110
31 Dec 2039-1110
30 Sep 20410100
30 Jun 2043090
31 Mar 2044080
31 Dec 1945071
30 Sep 1942061
30 Jun 1938052
31 Mar 1929052
31 Dec 1820-151
30 Sep 1819041
30 Jun 1817041
31 Mar 1815041
31 Dec 1713141
30 Sep 1711040
30 Jun 179040
31 Mar 176-140
31 Dec 162-230
30 Sep 163-230
30 Jun 163-230
31 Mar 168-130
31 Dec 1513030
30 Sep 1512030
30 Jun 1512030

Quality Earnings: HCL is currently unprofitable.

Growing Profit Margin: HCL is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: HCL is unprofitable, and losses have increased over the past 5 years at a rate of 16.2% per year.

Accelerating Growth: Unable to compare HCL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HCL is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (13.4%).


Return on Equity

High ROE: HCL has a negative Return on Equity (-40.93%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 07:36
End of Day Share Price 2026/06/16 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HighCom Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel LaingBell Potter