How does HIT's PE Ratio compare to its peers?

HIT is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (18.3x).

How does HIT's PE Ratio compare vs other companies in the Global Professional Services Industry?

HIT is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Global Professional Services industry average (19.9x).

What is HIT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate HIT's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of HIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HIT (A$1.92) is trading below our estimate of [[fair value]] (A$3.52)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

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
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 45.4% below our estimate of its fair value

Earnings grew by 10.9% over the past year

Risk Analysis

Does not have a meaningful market cap (A$80M)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

HiTech Group Australia Limited Competitors

Peoplein

ASX:PPE

AU$103.1m

Ashley Services Group

ASX:ASH

AU$25.2m

Ignite

ASX:IGN

AU$10.7m

Smartgroup

ASX:SIQ

AU$1.0b

Price History & Performance

Summary of share price highs, lows and changes for HiTech Group Australia
Historical stock prices
Current Share Price	AU$1.92
52 Week High	AU$2.40
52 Week Low	AU$1.74
Beta	0.49
1 Month Change	-1.29%
3 Month Change	-2.78%
1 Year Change	-10.70%
3 Year Change	-1.03%
5 Year Change	54.22%
Change since IPO	598.18%

Recent updates

Shareholder Returns

	HIT	AU Professional Services	AU Market
7D	-4.0%	0.3%	-0.09%
1Y	-10.7%	22.9%	8.3%

Return vs Industry: HIT underperformed the Australian Professional Services industry which returned 23% over the past year.

Return vs Market: HIT underperformed the Australian Market which returned 7.4% over the past year.

Price Volatility

Is HIT's price volatile compared to industry and market?
HIT volatility
HIT Average Weekly Movement	5.7%
Professional Services Industry Average Movement	6.4%
Market Average Movement	7.9%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.0%

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 (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	16	Elias Hazouri	www.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 cap	AU$79.52m
Earnings (TTM)	AU$6.03m
Revenue (TTM)	AU$63.45m

13.2x

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)
Revenue	AU$63.45m
Cost of Revenue	AU$50.64m
Gross Profit	AU$12.81m
Other Expenses	AU$6.78m
Earnings	AU$6.03m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	20.18%
Net Profit Margin	9.51%
Debt/Equity Ratio	0%

How did HIT perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

70%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 04:34
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

HiTech Group Australia Limited is covered by 2 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.

Analyst	Institution
David Fraser	APP Securities Pty Ltd.
Mark Yarwood	PAC Partners Securities Pty. Ltd.

HIT Stock Overview

Rewards

Risk Analysis

HiTech Group Australia Limited Competitors

ASX:PPE

AU$103.1m

ASX:ASH

AU$25.2m

ASX:IGN

AU$10.7m

ASX:SIQ

AU$1.0b

Price History & Performance

Recent News & Updates

Less than half of directors are independent

HiTech Group Australia Limited, Annual General Meeting, Nov 22, 2024

Final dividend of AU$0.05 announced

Full year 2024 earnings released: EPS: AU$0.14 (vs AU$0.13 in FY 2023)

Upcoming dividend of AU$0.05 per share

First half dividend of AU$0.05 announced

Recent updates

Less than half of directors are independent

HiTech Group Australia Limited, Annual General Meeting, Nov 22, 2024

Final dividend of AU$0.05 announced

Full year 2024 earnings released: EPS: AU$0.14 (vs AU$0.13 in FY 2023)

Upcoming dividend of AU$0.05 per share

First half dividend of AU$0.05 announced

Now 25% undervalued

First half 2024 earnings released: EPS: AU$0.063 (vs AU$0.054 in 1H 2023)

HiTech Group Australia Limited, Annual General Meeting, Nov 24, 2023

Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022)

Less than half of directors are independent

Upcoming dividend of AU$0.05 per share at 4.5% yield

Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022)

Hitech Group Australia Limited Declares Fully Franked Dividend, Payable on 18 September 2023

Investor sentiment improves as stock rises 20%

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorates as stock falls 16%

Less than half of directors are independent

Upcoming dividend of AU$0.05 per share at 5.6% yield

Less than half of directors are independent

HiTech Group Australia Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ended 31/12/2022, Payment Date of 21/3/2023

Less than half of directors are independent

Less than half of directors are independent

HiTech Group Australia Limited Declares Special Dividend for the Six Months Ending June 30, 2023, Payable on December 9, 2022

HiTech Group Australia Limited, Annual General Meeting, Nov 25, 2022

Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021)

Less than half of directors are independent

Upcoming dividend of AU$0.06 per share

Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021)

Less than half of directors are independent

Hitech Group Australia Limited Announces Dividend for Period of Six Months Ended June 30, 2022, Payable on September 16, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

HiTech Group Australia Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 18, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020)

Upcoming dividend of AU$0.05 per share

Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020)

First half 2021 earnings released: EPS AU$0.043 (vs AU$0.037 in 1H 2020)

Investor sentiment improved over the past week

Hitech Group Australia Limited Announces Election Mr. Ray Hazouri as A Director

Full year earnings released - EPS AU$0.088

Earnings released

Shareholder Returns

Price Volatility

About the Company

HiTech Group Australia Limited Fundamentals Summary

13.2x

1.3x

Earnings & Revenue