Highway Holdings Limited

NasdaqCM:HIHO Stock Report

Market Cap: US$8.6m

Highway Holdings 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

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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 ($1.93) is trading above our estimate of fair value ($1.57)

Significantly Below Fair Value: HIHO is trading above our estimate of fair value.


Key Valuation Metric

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

Key metric: As HIHO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HIHO. This is calculated by dividing HIHO's market cap by their current revenue.
What is HIHO's PS Ratio?
PS Ratio1.1x
SalesUS$7.65m
Market CapUS$8.58m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HIHO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
QIND Quality Industrial
1.4xn/aUS$7.6m
ZONE CleanCore Solutions
8xn/aUS$13.2m
JCSE JE Cleantech Holdings
0.4xn/aUS$5.7m
LIQT LiqTech International
1.1x29.2%US$15.8m
HIHO Highway Holdings
1.1xn/aUS$8.6m

Price-To-Sales vs Peers: HIHO is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.7x).


Price to Sales Ratio vs Industry

How does HIHO's PS Ratio compare vs other companies in the US Machinery Industry?

22 CompaniesPrice / SalesEstimated GrowthMarket Cap
HY Hyster-Yale
0.2x-0.6%US$993.19m
TWI Titan International
0.3x2.2%US$460.92m
PKOH Park-Ohio Holdings
0.3x3.9%US$441.47m
MTW Manitowoc Company
0.2x2.4%US$379.72m
HIHO 1.1xIndustry Avg. 1.6xNo. of Companies28PS01.63.24.86.48+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HIHO is good value based on its Price-To-Sales Ratio (1.1x) compared to the US Machinery industry average (1.6x).


Price to Sales Ratio vs Fair Ratio

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

HIHO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ration/a

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


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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