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HiTech Group Australia ASX:HIT Stock Report

Last Price

AU$1.95

Market Cap

AU$82.3m

7D

9.3%

1Y

-2.5%

Updated

15 Nov, 2024

Data

Company Financials

HiTech Group Australia Limited

ASX:HIT Stock Report

Market Cap: AU$82.3m

HIT Stock Overview

Provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. More details

HIT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 43.4% below our estimate of its fair value

Earnings grew by 10.9% over the past year

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap (A$82M)


HiTech Group Australia Limited Competitors

Peoplein

ASX:PPE

AU$85.2m

Ashley Services Group

ASX:ASH

AU$27.7m

Ignite

ASX:IGN

AU$12.6m

Smartgroup

ASX:SIQ

AU$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for HiTech Group Australia
Historical stock prices
Current Share PriceAU$1.95
52 Week HighAU$2.40
52 Week LowAU$1.74
Beta0.49
11 Month Change-1.77%
3 Month Change-1.77%
1 Year Change-2.51%
33 Year Change-9.53%
5 Year Change67.67%
Change since IPO203.91%

Recent News & Updates

Recent updates

A Look At The Intrinsic Value Of HiTech Group Australia Limited (ASX:HIT)

Sep 14
A Look At The Intrinsic Value Of HiTech Group Australia Limited (ASX:HIT)

Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Aug 07
Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Nov 01
Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Jan 20
Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Jul 28
Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Apr 17
Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Mar 01
Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Feb 11
Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jan 21
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

Dec 31
Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Dec 10
HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Jul 17
Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jun 26
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Shareholder Returns

HITAU Professional ServicesAU Market
7D9.3%2.6%-0.07%
1Y-2.5%16.2%16.9%

Return vs Industry: HIT underperformed the Australian Professional Services industry which returned 14.2% over the past year.

Return vs Market: HIT underperformed the Australian Market which returned 15.7% over the past year.

Price Volatility

Is HIT's price volatile compared to industry and market?
HIT volatility
HIT Average Weekly Movement4.2%
Professional Services Industry Average Movement7.0%
Market Average Movement8.5%
10% most volatile stocks in AU Market17.0%
10% least volatile stocks in AU Market3.4%

Stable Share Price: HIT has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: HIT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199316Elias Hazouriwww.hitechaust.com

HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. The company offers personnel services comprising staffing solutions, office administration, sales and marketing, and financing solutions.

HiTech Group Australia Limited Fundamentals Summary

How do HiTech Group Australia's earnings and revenue compare to its market cap?
HIT fundamental statistics
Market capAU$82.27m
Earnings (TTM)AU$6.03m
Revenue (TTM)AU$63.45m

13.6x

P/E Ratio

1.3x

P/S Ratio

Is HIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HIT income statement (TTM)
RevenueAU$63.45m
Cost of RevenueAU$50.64m
Gross ProfitAU$12.81m
Other ExpensesAU$6.78m
EarningsAU$6.03m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin20.18%
Net Profit Margin9.51%
Debt/Equity Ratio0%

How did HIT perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

70%

Payout Ratio