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. More Details
+ 1 more risk
Flawless balance sheet, good value and pays a dividend.
Share Price & News
How has Highway Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIHO is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: HIHO's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: HIHO exceeded the US Machinery industry which returned 19.3% over the past year.
Return vs Market: HIHO exceeded the US Market which returned 21% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Highway Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StCan Highway Holdings Limited's (NASDAQ:HIHO) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
1 month ago | Simply Wall StReturns On Capital At Highway Holdings (NASDAQ:HIHO) Paint A Concerning Picture
3 months ago | Simply Wall StEstimating The Intrinsic Value Of Highway Holdings Limited (NASDAQ:HIHO)
Is Highway Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIHO ($3.7) is trading below our estimate of fair value ($4.51)
Significantly Below Fair Value: HIHO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HIHO is good value based on its PE Ratio (16.4x) compared to the US Machinery industry average (29.3x).
PE vs Market: HIHO is good value based on its PE Ratio (16.4x) compared to the US market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HIHO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HIHO is good value based on its PB Ratio (1.4x) compared to the US Machinery industry average (2.7x).
How is Highway Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Highway Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Capital Goods industry.
How has Highway Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIHO has high quality earnings.
Growing Profit Margin: HIHO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HIHO's earnings have declined by 25.5% per year over the past 5 years.
Accelerating Growth: HIHO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HIHO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-15.4%).
Return on Equity
High ROE: HIHO's Return on Equity (8.6%) is considered low.
How is Highway Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: HIHO's short term assets ($12.2M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: HIHO's short term assets ($12.2M) exceed its long term liabilities ($1.9M).
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.
What is Highway Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIHO's dividend (10.81%) is higher than the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: HIHO's dividend (10.81%) is in the top 25% of dividend payers in the US market (4.18%)
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.5%), HIHO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roland Walter Kohl (71 yo)
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...
|Founder||30.83yrs||no data||9.26% |
|CFO, Treasurer & Secretary||10.17yrs||no data||1.26% |
|Chief Operating Officer||3yrs||no data||1.26% |
Experienced Management: HIHO's management team is seasoned and experienced (10.2 years average tenure).
|Founder||30.83yrs||no data||9.26% |
|Independent Director||30.83yrs||no data||5.91% |
|Independent Director||15.33yrs||no data||0.075% |
|Independent Director||15.33yrs||no data||0.68% |
|Independent Director||14.92yrs||no data||0.075% |
|Independent Director||15.33yrs||no data||no data|
|Director||0.58yr||no data||0.13% |
Experienced Board: HIHO's board of directors are seasoned and experienced ( 15.3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.
Highway Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Highway Holdings Limited
- Ticker: HIHO
- Exchange: NasdaqCM
- Founded: 1990
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$14.714m
- Shares outstanding: 3.98m
- Website: https://www.highwayholdings.com
Number of Employees
- Highway Holdings Limited
- Landmark North
- Suite 1801
- Sheung Shui
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HIHO||NasdaqCM (Nasdaq Capital Market)||Yes||Common Shares||US||USD||Dec 1996|
Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufact...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/01 23:41|
|End of Day Share Price||2020/12/01 00:00|
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.