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First Tractor Company LimitedSHSC:38 Stock Report

Market Cap HK$13.9b
Share Price
HK$8.48
HK$13
34.8% undervalued intrinsic discount
1Y39.2%
7D2.2%
Portfolio Value
View

First Tractor Company Limited

SHSC:38 Stock Report

Market Cap: HK$13.9b

First Tractor (38) Stock Overview

Engages in the manufacturing and sale of agricultural machinery and power machinery. More details

38 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

38 Community Fair Values

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First Tractor Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for First Tractor
Historical stock prices
Current Share PriceHK$8.48
52 Week HighHK$10.60
52 Week LowHK$5.60
Beta1.23
1 Month Change-13.65%
3 Month Change-1.28%
1 Year Change39.24%
3 Year Change111.47%
5 Year Change143.68%
Change since IPO44.71%

Recent News & Updates

Recent updates

Shareholder Returns

38HK MachineryHK Market
7D2.2%7.5%1.8%
1Y39.2%60.7%23.7%

Return vs Industry: 38 underperformed the Hong Kong Machinery industry which returned 64.2% over the past year.

Return vs Market: 38 exceeded the Hong Kong Market which returned 26.9% over the past year.

Price Volatility

Is 38's price volatile compared to industry and market?
38 volatility
38 Average Weekly Movement6.7%
Machinery Industry Average Movement8.7%
Market Average Movement7.1%
10% most volatile stocks in HK Market14.8%
10% least volatile stocks in HK Market3.5%

Stable Share Price: 38 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 38's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19556,920Tao Weiwww.first-tractor.com.cn

First Tractor Company Limited, engages in the manufacturing and sale of agricultural machinery and power machinery. It offers medium and large-sized wheeled and crawler tractors; off-road diesel engines, such as tractors and harvesters, engineering machinery, ships, generator sets, and others; and component products, such as castings and forgings, gears, axles, transmissions, covers, injection pumps, nozzles, and others. The company was formerly known as First Tractor Works of China.

First Tractor Company Limited Fundamentals Summary

How do First Tractor's earnings and revenue compare to its market cap?
38 fundamental statistics
Market capHK$13.86b
Earnings (TTM)HK$930.78m
Revenue (TTM)HK$12.41b
10.2x
P/E Ratio
0.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
38 income statement (TTM)
RevenueCN¥10.82b
Cost of RevenueCN¥9.22b
Gross ProfitCN¥1.60b
Other ExpensesCN¥790.60m
EarningsCN¥811.95m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Apr 29, 2026

Earnings per share (EPS)0.72
Gross Margin14.81%
Net Profit Margin7.50%
Debt/Equity Ratio5.4%

How did 38 perform over the long term?

See historical performance and comparison

Dividends

3.6%
Current Dividend Yield
37%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/13 04:26
End of Day Share Price 2026/04/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

First Tractor Company Limited is covered by 9 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
Wei LuoChina International Capital Corporation Limited
Wai Kei HoDaiwa Securities Co. Ltd.
Kwan-Lung YuFosun International Securities Limited