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.
Flawless balance sheet with acceptable track record.
Share Price & News
How has HiTech Group Australia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIT's share price has been volatile over the past 3 months.
7 Day Return
AU Professional Services
1 Year Return
AU Professional Services
Return vs Industry: HIT exceeded the Australian Professional Services industry which returned 27.4% over the past year.
Return vs Market: HIT exceeded the Australian Market which returned 14.6% over the past year.
Price Volatility Vs. Market
How volatile is HiTech Group Australia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StHow Does HiTech Group Australia's (ASX:HIT) P/E Compare To Its Industry, After Its Big Share Price Gain?
1 week ago | Simply Wall StBoasting A 40% Return On Equity, Is HiTech Group Australia Limited (ASX:HIT) A Top Quality Stock?
3 weeks ago | Simply Wall StIf You Like EPS Growth Then Check Out HiTech Group Australia (ASX:HIT) Before It's Too Late
Is HiTech Group Australia undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HIT (A$1.67) is trading above our estimate of fair value (A$1.57)
Significantly Below Fair Value: HIT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HIT is poor value based on its PE Ratio (20.6x) compared to the Professional Services industry average (18.4x).
PE vs Market: HIT is poor value based on its PE Ratio (20.6x) compared to the Australian market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HIT is overvalued based on its PB Ratio (8.9x) compared to the AU Professional Services industry average (1.9x).
How is HiTech Group Australia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HiTech Group Australia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine HiTech Group Australia's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- HiTech Group Australia competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
How has HiTech Group Australia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIT has high quality earnings.
Growing Profit Margin: HIT's current net profit margins (9.6%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: HIT has become profitable over the past 5 years, growing earnings by 24.5% per year.
Accelerating Growth: HIT's earnings growth over the past year (12.7%) is below its 5-year average (24.5% per year).
Earnings vs Industry: HIT earnings growth over the past year (12.7%) underperformed the Professional Services industry 13.4%.
Return on Equity
High ROE: HIT's Return on Equity (43%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is HiTech Group Australia's financial position?
Financial Position Analysis
Short Term Liabilities: HIT's short term assets (A$9.4M) exceed its short term liabilities (A$3.2M).
Long Term Liabilities: HIT's short term assets (A$9.4M) exceed its long term liabilities (A$604.3K).
Debt to Equity History and Analysis
Debt Level: HIT is debt free.
Reducing Debt: HIT had no debt 5 years ago.
Debt Coverage: HIT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HIT has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: HIT has a low level of unsold assets or inventory.
Debt Coverage by Assets: HIT's debt is covered by short term assets (assets are 1.6992095805588E+17x debt).
What is HiTech Group Australia's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase HiTech Group Australia before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HIT's dividend (4.79%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).
High Dividend: HIT's dividend (4.79%) is low compared to the top 25% of dividend payers in the Australian market (5.35%).
Stability and Growth of Payments
Stable Dividend: HIT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HIT's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98.9%), HIT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Elias Hazouri (51yo)
Mr. Elias Hazouri, B.Sc., MBA has been the Chief Executive Officer of HiTech Group Australia Ltd. since August 2016. Mr. Hazouri serves as the Chief Information Officer and General Manager of HiTech Group ...
CEO Compensation Analysis
Compensation vs Market: Elias's total compensation ($USD265.34K) is about average for companies of similar size in the Australian market ($USD251.50K).
Compensation vs Earnings: Elias's compensation has been consistent with company performance over the past year.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HiTech Group Australia Limited's company bio, employee growth, exchange listings and data sources
- Name: HiTech Group Australia Limited
- Ticker: HIT
- Exchange: ASX
- Founded: 1993
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: AU$63.544m
- Shares outstanding: 38.05m
- Website: https://www.hitechaust.com
- HiTech Group Australia Limited
- 189 Kent Street
- Level 9
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HIT||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2000|
|HIT||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2000|
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 permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in system development, infrastructure support and cloud integration, operation, and other skill sets. The company also offers personnel services to other sectors, such as administration and office support, sales and marketing, finance, and legal. It serves technology companies, banking/financial services companies, and federal and state government departments and agencies. HiTech Group Australia Limited was founded in 1993 and is based in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 10:34|
|End of Day Share Price||2020/02/20 00:00|
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 here.