NasdaqCM:HIHO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Highway Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

HIHO

4.7%

US Machinery

1.8%

US Market


1 Year Return

-58.1%

HIHO

6.6%

US Machinery

7.3%

US Market

Return vs Industry: HIHO underperformed the US Machinery industry which returned 6.6% over the past year.

Return vs Market: HIHO underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

HIHOIndustryMarket
7 Day-1.5%4.7%1.8%
30 Day-1.2%-0.6%-0.7%
90 Day-24.1%-0.9%0.06%
1 Year-57.5%-58.1%8.9%6.6%9.7%7.3%
3 Year-53.0%-59.8%49.4%39.7%46.3%36.9%
5 Year-19.4%-43.4%57.6%38.4%64.5%46.5%

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

Valuation

Is Highway Holdings undervalued compared to its fair value and its price relative to the market?

0.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate HIHO's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate HIHO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HIHO is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: HIHO is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low 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 (0.6x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

36.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIHO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HIHO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HIHO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if HIHO's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if HIHO's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Highway Holdings performed over the past 5 years?

-20.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HIHO is unprofitable, and losses have increased over the past 5 years at a rate of -20.3% per year.

Accelerating Growth: Unable to compare HIHO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HIHO is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (18.7%).


Return on Equity

High ROE: HIHO has a negative Return on Equity (-8.53%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: HIHO is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: HIHO is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Highway Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HIHO's short term assets ($13.9M) exceeds its short term liabilities ($5.7M)

Long Term Liabilities: HIHO's short term assets (13.9M) exceeds its long term liabilities (269.0K)


Debt to Equity History and Analysis

Debt Level: HIHO is debt free.

Reducing Debt: HIHO had no debt 5 years ago.

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

Inventory Level: HIHO has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if HIHO's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate HIHO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HIHO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if HIHO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HIHO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HIHO is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HIHO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Highway Holdings's salary, the management and board of directors tenure and is there insider trading?

9.1yrs

Average management tenure


CEO

Roland W. Kohl (70yo)

29.8yrs

Tenure

0

Mr. Roland W. 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 Limited  ...


Management Age and Tenure

9.1yrs

Average Tenure

56yo

Average Age

Experienced Management: HIHO's management team is seasoned and experienced (9.1 years average tenure).


Board Age and Tenure

14.3yrs

Average Tenure

66yo

Average Age

Experienced Board: HIHO's board of directors are seasoned and experienced ( 14.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$13,60016 Aug 19
Zeff Holding Company, LLC
EntityCompany
Shares8,000
Max PriceUS$1.70
BuyUS$6,79312 Aug 19
Zeff Holding Company, LLC
EntityCompany
Shares3,448
Max PriceUS$1.97
BuyUS$20,30002 Aug 19
Zeff Holding Company, LLC
EntityCompany
Shares10,000
Max PriceUS$2.03
BuyUS$21,90024 Jul 19
Zeff Holding Company, LLC
EntityCompany
Shares10,000
Max PriceUS$2.19
BuyUS$9,50922 May 19
Zeff Holding Company, LLC
EntityCompany
Shares3,396
Max PriceUS$2.80
BuyUS$11,98121 May 19
Zeff Holding Company, LLC
EntityCompany
Shares4,279
Max PriceUS$2.80
BuyUS$1,16320 May 19
Zeff Holding Company, LLC
EntityCompany
Shares429
Max PriceUS$2.71
BuyUS$16,21017 May 19
Zeff Holding Company, LLC
EntityCompany
Shares5,852
Max PriceUS$2.77
BuyUS$24,40614 May 19
Zeff Holding Company, LLC
EntityCompany
Shares8,445
Max PriceUS$2.89

Ownership Breakdown


Management Team

  • Roland W. Kohl (70yo)

    Founder

    • Tenure: 29.8yrs
  • Alan Chan (56yo)

    CFO, Treasurer & Secretary

    • Tenure: 9.1yrs
  • Ringo Tsang (53yo)

    Chief Operating Officer

    • Tenure: 1.9yrs

Board Members

  • Roland W. Kohl (70yo)

    Founder

    • Tenure: 29.8yrs
  • Tiko Aharonov (72yo)

    Director

    • Tenure: 29.8yrs
    • Compensation: US$12.00k
  • Brian Geary (62yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$12.00k
  • Irene Wong (53yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$12.00k
  • Uri Bernhard Oppenheimer (83yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$12.00k
  • George Leung (66yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$12.00k
  • Kevin Yang (62yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$12.00k

Company Information

Highway Holdings Limited's company bio, 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
  • Market Cap: US$6.349m
  • Shares outstanding: 3.80m
  • Website: https://www.highwayholdings.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIHONasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDDec 1996

Biography

Highway Holdings Limited, through its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:43
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.