company background image
HIHO

Highway Holdings NasdaqCM:HIHO Stock Report

Last Price

US$2.30

Market Cap

US$9.3m

7D

-2.5%

1Y

-43.1%

Updated

26 Jun, 2022

Data

Company Financials
HIHO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

HIHO Stock Overview

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers.

Highway Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Highway Holdings
Historical stock prices
Current Share PriceUS$2.30
52 Week HighUS$5.07
52 Week LowUS$1.95
Beta0.48
1 Month Change14.14%
3 Month Change-20.96%
1 Year Change-43.07%
3 Year Change-18.09%
5 Year Change-33.33%
Change since IPO-55.12%

Recent News & Updates

Apr 12
Highway Holdings (NASDAQ:HIHO) Has Some Difficulty Using Its Capital Effectively

Highway Holdings (NASDAQ:HIHO) Has Some Difficulty Using Its Capital Effectively

When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...

Shareholder Returns

HIHOUS MachineryUS Market
7D-2.5%1.5%6.6%
1Y-43.1%-20.1%-18.4%

Return vs Industry: HIHO underperformed the US Machinery industry which returned -20.6% over the past year.

Return vs Market: HIHO underperformed the US Market which returned -18.5% over the past year.

Price Volatility

Is HIHO's price volatile compared to industry and market?
HIHO volatility
HIHO Average Weekly Movement7.0%
Machinery Industry Average Movement6.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: HIHO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1990n/aRoland Walter Kohlhttps://www.highwayholdings.com

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments: Metal Stamping and Mechanical OEM; and Electric OEM. The company also trades in plastic injection products; and manufactures and assembles automation equipment.

Highway Holdings Fundamentals Summary

How do Highway Holdings's earnings and revenue compare to its market cap?
HIHO fundamental statistics
Market CapUS$9.28m
Earnings (TTM)US$261.00k
Revenue (TTM)US$11.21m

35.6x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIHO income statement (TTM)
RevenueUS$11.21m
Cost of RevenueUS$7.94m
Gross ProfitUS$3.27m
Other ExpensesUS$3.01m
EarningsUS$261.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.065
Gross Margin29.17%
Net Profit Margin2.33%
Debt/Equity Ratio0%

How did HIHO perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

217%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HIHO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HIHO?

Other financial metrics that can be useful for relative valuation.

HIHO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA16.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

HIHO PE Ratio vs Peers
The above table shows the PE ratio for HIHO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.8x

Price-To-Earnings vs Peers: HIHO is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (18.8x).


Price to Earnings Ratio vs Industry

How does HIHO's PE Ratio compare vs other companies in the U.S. Machinery Industry?

Price-To-Earnings vs Industry: HIHO is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the US Machinery industry average (21.7x)


Price to Earnings Ratio vs Fair Ratio

What is HIHO'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.

HIHO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: HIHO ($2.3) is trading below our estimate of fair value ($3.17)

Significantly Below Fair Value: HIHO is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HIHO's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Highway Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.0%

Forecasted Capital Goods 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 Highway Holdings 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.


Discover growth companies

  • Examine Highway Holdings'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.

Past Performance

How has Highway Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HIHO has high quality earnings.

Growing Profit Margin: HIHO's current net profit margins (2.3%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: HIHO's earnings have declined by 24.2% per year over the past 5 years.

Accelerating Growth: HIHO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HIHO had negative earnings growth (-60%) over the past year, making it difficult to compare to the Machinery industry average (24%).


Return on Equity

High ROE: HIHO's Return on Equity (2.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Highway Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HIHO's short term assets ($12.0M) exceed its short term liabilities ($4.2M).

Long Term Liabilities: HIHO's short term assets ($12.0M) exceed its long term liabilities ($969.0K).


Debt to Equity History and Analysis

Debt Level: HIHO is debt free.

Reducing Debt: HIHO has not had any debt for past 5 years.

Debt Coverage: HIHO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HIHO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Highway Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HIHO's dividend (7.83%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: HIHO's dividend (7.83%) is in the top 25% of dividend payers in the US market (4.24%)


Stability and Growth of Payments

Stable Dividend: HIHO's dividend payments have been volatile in the past 10 years.

Growing Dividend: HIHO's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (217%), HIHO's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

11.8yrs

Average management tenure


CEO

Roland Walter Kohl (72 yo)

32.42yrs

Tenure

Mr. Roland Walter Kohl founded Highway Holdings Limited and has been its Chief Executive Officer since its inception in 1990. Mr. Kohl serves as Chairman of the Board and President of Highway Holdings Limi...


Leadership Team

Experienced Management: HIHO's management team is seasoned and experienced (11.8 years average tenure).


Board Members

Experienced Board: HIHO's board of directors are seasoned and experienced ( 16.9 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Highway Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Highway Holdings Limited
  • Ticker: HIHO
  • Exchange: NasdaqCM
  • Founded: 1990
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$9.285m
  • Shares outstanding: 4.04m
  • Website: https://www.highwayholdings.com

Location

  • Highway Holdings Limited
  • Landmark North
  • Suite 1801
  • Sheung Shui
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.