First Tractor Company Limited

SEHK:38 Stock Report

Market Cap: HK$14.7b

First Tractor Future Growth

Future criteria checks 4/6

First Tractor is forecast to grow earnings and revenue by 24.8% and 12.2% per annum respectively.

Key information

24.8%

Earnings growth rate

n/a

EPS growth rate

Machinery earnings growth15.9%
Revenue growth rate12.2%
Future return on equityn/a
Analyst coverage

Low

Last updated30 Oct 2024

Recent future growth updates

Recent updates

First Tractor's (HKG:38) Profits Appear To Have Quality Issues

Nov 05
First Tractor's (HKG:38) Profits Appear To Have Quality Issues

Sentiment Still Eluding First Tractor Company Limited (HKG:38)

Oct 25
Sentiment Still Eluding First Tractor Company Limited (HKG:38)

Returns On Capital Are Showing Encouraging Signs At First Tractor (HKG:38)

Oct 03
Returns On Capital Are Showing Encouraging Signs At First Tractor (HKG:38)

Potential Upside For First Tractor Company Limited (HKG:38) Not Without Risk

Jul 27
Potential Upside For First Tractor Company Limited (HKG:38) Not Without Risk

First Tractor (HKG:38) Shareholders Will Want The ROCE Trajectory To Continue

May 13
First Tractor (HKG:38) Shareholders Will Want The ROCE Trajectory To Continue

Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump

Apr 28
Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump

Is First Tractor (HKG:38) Using Too Much Debt?

Apr 17
Is First Tractor (HKG:38) Using Too Much Debt?

We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings

Apr 03
We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings

Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today

Mar 20
Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today

First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story

Feb 19
First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story

Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?

Jan 31
Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?

First Tractor (HKG:38) Has A Rock Solid Balance Sheet

Jan 16
First Tractor (HKG:38) Has A Rock Solid Balance Sheet

We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease

Nov 28
We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease

First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital

Aug 30
First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital

We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)

May 04
We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)

There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital

Sep 30
There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital

Is First Tractor (HKG:38) Using Too Much Debt?

Apr 28
Is First Tractor (HKG:38) Using Too Much Debt?

The Return Trends At First Tractor (HKG:38) Look Promising

Jan 05
The Return Trends At First Tractor (HKG:38) Look Promising

First Tractor (HKG:38) Seems To Use Debt Rather Sparingly

Dec 13
First Tractor (HKG:38) Seems To Use Debt Rather Sparingly

Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

Aug 13
Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

With EPS Growth And More, First Tractor (HKG:38) Is Interesting

Jul 26
With EPS Growth And More, First Tractor (HKG:38) Is Interesting

First Tractor (HKG:38) Could Easily Take On More Debt

May 30
First Tractor (HKG:38) Could Easily Take On More Debt

Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

May 11
Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist

The Case For First Tractor Company Limited (HKG:38): Could It Be A Nice Addition To Your Dividend Portfolio?

Apr 26
The Case For First Tractor Company Limited (HKG:38): Could It Be A Nice Addition To Your Dividend Portfolio?

Is First Tractor (HKG:38) Using Debt In A Risky Way?

Jan 18
Is First Tractor (HKG:38) Using Debt In A Risky Way?

Here's Why We Don't Think First Tractor's (HKG:38) Statutory Earnings Reflect Its Underlying Earnings Potential

Dec 20
Here's Why We Don't Think First Tractor's (HKG:38) Statutory Earnings Reflect Its Underlying Earnings Potential

Are Institutions Heavily Invested In First Tractor Company Limited's (HKG:38) Shares?

Nov 24
Are Institutions Heavily Invested In First Tractor Company Limited's (HKG:38) Shares?

Earnings and Revenue Growth Forecasts

SEHK:38 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202615,8181,700N/A2,2161
12/31/202514,0981,438N/A1,8391
12/31/202412,5651,036N/A1,4301
9/30/202412,0181,0131,1861,300N/A
6/30/202412,0921,1488921,017N/A
3/31/202411,9951,1111,0401,149N/A
12/31/202311,5349979671,056N/A
9/30/202312,4959701,2891,372N/A
6/30/202313,1828541,1971,281N/A
3/31/202312,5106863,6343,711N/A
12/31/202212,5646813,5083,602N/A
9/30/202211,4245652,7502,850N/A
6/30/202210,3325083,1003,184N/A
3/31/202210,334531379434N/A
12/31/20219,334438514582N/A
9/30/20219,3504721,8801,941N/A
6/30/20219,0984681,4021,470N/A
3/30/20218,7344701,3981,519N/A
12/31/20207,5822801,1681,249N/A
9/30/20207,097469765979N/A
6/30/20206,521365115345N/A
3/31/20205,786215-16257N/A
12/31/20195,8306182331N/A
9/30/20195,932-833-52126N/A
6/30/20195,526-1,136334537N/A
3/31/20195,464-1,303222440N/A
12/31/20185,682-1,300-653-384N/A
9/30/20186,171-414-507-302N/A
6/30/20186,675-121N/A-89N/A
3/31/20187,02740N/A-868N/A
12/31/20177,35857N/A-556N/A
9/30/20177,52051N/A187N/A
6/30/20177,975104N/A657N/A
3/31/20178,484201N/A1,525N/A
12/31/20168,869230N/A2,093N/A
9/30/20168,774174N/A1,451N/A
6/30/20169,106145N/A869N/A
3/31/20169,663137N/A1,291N/A
12/31/20159,655135N/A638N/A
9/30/20159,505249N/A971N/A
6/30/20159,262204N/A697N/A
3/31/20158,990159N/A52N/A
12/31/20149,027168N/A75N/A
9/30/20149,687106N/A-283N/A
6/30/20149,897153N/A284N/A
3/31/201411,053218N/A-219N/A
12/31/201311,058227N/A-142N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 38's forecast earnings growth (24.8% per year) is above the savings rate (2.3%).

Earnings vs Market: 38's earnings (24.8% per year) are forecast to grow faster than the Hong Kong market (11.5% per year).

High Growth Earnings: 38's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 38's revenue (12.2% per year) is forecast to grow faster than the Hong Kong market (7.8% per year).

High Growth Revenue: 38's revenue (12.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 38's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 20:47
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

First Tractor Company Limited is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tingting LiBNP Paribas Securities (Asia)
Wei LuoChina International Capital Corporation Limited
Haibo LiuCitic Securities Co., Ltd.