Valuation Update With 7 Day Price Move • 11h
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to AU$1.17, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 16x in the Professional Services industry in Australia. Total loss to shareholders of 26% over the past three years. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 21
HiTech Group Australia Limited, Annual General Meeting, Dec 21, 2025 HiTech Group Australia Limited, Annual General Meeting, Dec 21, 2025. Location: 1 macquarie place, nsw 2000, sydney Australia Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 17
HiTech Group Australia Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2024, Payable March 20, 2025 HiTech Group Australia Limited announced ordinary dividend of AUD 0.05 per share for the six months ended December 31, 2024. Record date is March 6, 2025, Ex Date is March 5, 2025 and payment date is March 20, 2025. Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 18
HiTech Group Australia Limited, Annual General Meeting, Nov 22, 2024 HiTech Group Australia Limited, Annual General Meeting, Nov 22, 2024. Location: at pullman quay grand boardroom, level 2, 61 macquarie street, sydney Australia Declared Dividend • Aug 16
Final dividend of AU$0.05 announced Shareholders will receive a dividend of AU$0.05. Ex-date: 30th August 2024 Payment date: 12th September 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Full year 2024 earnings released: EPS: AU$0.14 (vs AU$0.13 in FY 2023) Full year 2024 results: EPS: AU$0.14 (up from AU$0.13 in FY 2023). Revenue: AU$63.4m (down 15% from FY 2023). Net income: AU$6.03m (up 11% from FY 2023). Profit margin: 9.5% (up from 7.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 26
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 19 March 2024. Payout ratio is a comfortable 72% and the cash payout ratio is 89%. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (6.5%). Higher than average of industry peers (3.7%). Declared Dividend • Feb 22
First half dividend of AU$0.05 announced Shareholders will receive a dividend of AU$0.05. Ex-date: 4th March 2024 Payment date: 19th March 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 20
Now 25% undervalued Over the last 90 days, the stock has risen 11% to AU$2.16. The fair value is estimated to be AU$2.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Feb 20
First half 2024 earnings released: EPS: AU$0.063 (vs AU$0.054 in 1H 2023) First half 2024 results: EPS: AU$0.063 (up from AU$0.054 in 1H 2023). Revenue: AU$34.0m (down 16% from 1H 2023). Net income: AU$2.67m (up 19% from 1H 2023). Profit margin: 7.8% (up from 5.5% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 24
HiTech Group Australia Limited, Annual General Meeting, Nov 24, 2023 HiTech Group Australia Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider and conduct re-election of director Ray Hazouri and to consider and approve remuneration report. Reported Earnings • Sep 16
Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022) Full year 2023 results: EPS: AU$0.13 (up from AU$0.11 in FY 2022). Revenue: AU$74.4m (up 18% from FY 2022). Net income: AU$5.44m (up 24% from FY 2022). Profit margin: 7.3% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Board Change • Aug 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 25
Upcoming dividend of AU$0.05 per share at 4.5% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 18 September 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 85% respectively. Trailing yield: 4.5%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022) Full year 2023 results: EPS: AU$0.13 (up from AU$0.11 in FY 2022). Revenue: AU$74.4m (up 18% from FY 2022). Net income: AU$5.44m (up 24% from FY 2022). Profit margin: 7.3% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 12
Hitech Group Australia Limited Declares Fully Franked Dividend, Payable on 18 September 2023 HiTech Group Australia Limited declared a fully franked dividend of AUD 0.05000000 of six months ended June 30, 2023 to be paid on 18 September 2023 to shareholders registered on close of business on 4 September 2023. Ex Date: 1 September 2023. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$2.20, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 19x in the Professional Services industry in Australia. Total returns to shareholders of 93% over the past three years. Board Change • Jun 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.80, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 16x in the Professional Services industry in Australia. Total returns to shareholders of 83% over the past three years. Board Change • Mar 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Feb 27
Upcoming dividend of AU$0.05 per share at 5.6% yield Eligible shareholders must have bought the stock before 06 March 2023. Payment date: 21 March 2023. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (3.9%). Board Change • Feb 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 18
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 HiTech Group Australia Limited announced Ordinary Fully Paid dividend of AUD 0.05000000 for the period of six months ended 31/12/2022. Ex Date of 6/3/2023, Record Date of 7/3/2023 and Payment Date of 21/3/2023. Board Change • Feb 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 22
Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021) Full year 2022 results: EPS: AU$0.11 (up from AU$0.093 in FY 2021). Revenue: AU$63.0m (up 50% from FY 2021). Net income: AU$4.40m (up 21% from FY 2021). Profit margin: 7.0% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 25
Upcoming dividend of AU$0.06 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 16 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.9%). Reported Earnings • Aug 13
Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021) Full year 2022 results: EPS: AU$0.11 (up from AU$0.093 in FY 2021). Revenue: AU$63.0m (up 50% from FY 2021). Net income: AU$4.40m (up 21% from FY 2021). Profit margin: 7.0% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.05 (up from AU$0.043 in 1H 2021). Revenue: AU$29.8m (up 58% from 1H 2021). Net income: AU$1.96m (up 19% from 1H 2021). Profit margin: 6.6% (down from 8.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director George Shad was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 15
Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$42.1m (up 26% from FY 2020). Net income: AU$3.64m (up 9.0% from FY 2020). Profit margin: 8.6% (down from 10.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 15 September 2021. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.1%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 14
Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$42.1m (up 26% from FY 2020). Net income: AU$3.64m (up 9.0% from FY 2020). Profit margin: 8.6% (down from 10.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 17
First half 2021 earnings released: EPS AU$0.043 (vs AU$0.037 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: AU$18.8m (up 19% from 1H 2020). Net income: AU$1.65m (up 17% from 1H 2020). Profit margin: 8.7% (down from 8.9% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 17% share price gain to AU$2.04, the stock is trading at a trailing P/E ratio of 22.7x, up from the previous P/E ratio of 19.4x. This compares to an average P/E of 20x in the Professional Services industry in Australia. Total returns to shareholders over the past three years are 203%. 
