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HIGHWAY HOLDINGS LTD (HIHO) Stock Fundamental Analysis

NASDAQ:HIHO - VGG4481U1066 - Common Stock

1.6346 USD
-0.05 (-2.7%)
Last: 9/5/2025, 8:19:56 PM
Fundamental Rating

3

Overall HIHO gets a fundamental rating of 3 out of 10. We evaluated HIHO against 128 industry peers in the Machinery industry. No worries on liquidiy or solvency for HIHO as it has an excellent financial health rating, but there are worries on the profitability. HIHO has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

HIHO had positive earnings in the past year.
HIHO had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: HIHO reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: HIHO reported negative operating cash flow in multiple years.
HIHO Yearly Net Income VS EBIT VS OCF VS FCFHIHO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1M -1M 2M 3M 4M

1.2 Ratios

HIHO's Return On Assets of 1.05% is on the low side compared to the rest of the industry. HIHO is outperformed by 66.41% of its industry peers.
With a Return On Equity value of 1.59%, HIHO is not doing good in the industry: 67.19% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 1.05%
ROE 1.59%
ROIC N/A
ROA(3y)-3.22%
ROA(5y)-1.93%
ROE(3y)-5.41%
ROE(5y)-3.24%
ROIC(3y)N/A
ROIC(5y)N/A
HIHO Yearly ROA, ROE, ROICHIHO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10

1.3 Margins

HIHO has a worse Profit Margin (1.35%) than 64.84% of its industry peers.
In the last couple of years the Profit Margin of HIHO has declined.
HIHO has a Gross Margin (33.42%) which is in line with its industry peers.
In the last couple of years the Gross Margin of HIHO has remained more or less at the same level.
Industry RankSector Rank
OM N/A
PM (TTM) 1.35%
GM 33.42%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-25.27%
PM growth 5Y-23.03%
GM growth 3Y3.03%
GM growth 5Y0.18%
HIHO Yearly Profit, Operating, Gross MarginsHIHO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

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7

2. Health

2.1 Basic Checks

HIHO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HIHO has about the same amount of shares outstanding.
The number of shares outstanding for HIHO has been increased compared to 5 years ago.
There is no outstanding debt for HIHO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HIHO Yearly Shares OutstandingHIHO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1M 2M 3M 4M
HIHO Yearly Total Debt VS Total AssetsHIHO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M

2.2 Solvency

An Altman-Z score of 1.85 indicates that HIHO is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.85, HIHO is doing worse than 68.75% of the companies in the same industry.
There is no outstanding debt for HIHO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.85
ROIC/WACCN/A
WACC9.93%
HIHO Yearly LT Debt VS Equity VS FCFHIHO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2M 4M 6M 8M 10M

2.3 Liquidity

A Current Ratio of 2.78 indicates that HIHO has no problem at all paying its short term obligations.
HIHO has a Current ratio of 2.78. This is in the better half of the industry: HIHO outperforms 75.00% of its industry peers.
A Quick Ratio of 2.41 indicates that HIHO has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.41, HIHO belongs to the best of the industry, outperforming 80.47% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.78
Quick Ratio 2.41
HIHO Yearly Current Assets VS Current LiabilitesHIHO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 109.52% over the past year.
HIHO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -35.56% yearly.
HIHO shows a decrease in Revenue. In the last year, the revenue decreased by -9.48%.
HIHO shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.02% yearly.
EPS 1Y (TTM)109.52%
EPS 3Y-43.35%
EPS 5Y-35.56%
EPS Q2Q%73.08%
Revenue 1Y (TTM)-9.48%
Revenue growth 3Y-15.7%
Revenue growth 5Y-10.02%
Sales Q2Q%4.93%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
HIHO Yearly Revenue VS EstimatesHIHO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M

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0

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 81.73 indicates a quite expensive valuation of HIHO.
Compared to the rest of the industry, the Price/Earnings ratio of HIHO indicates a slightly more expensive valuation: HIHO is more expensive than 71.09% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.06. HIHO is valued rather expensively when compared to this.
Industry RankSector Rank
PE 81.73
Fwd PE N/A
HIHO Price Earnings VS Forward Price EarningsHIHO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HIHO is valued a bit more expensive than the industry average as 76.56% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 107.42
HIHO Per share dataHIHO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

HIHO has a Yearly Dividend Yield of 9.52%, which is a nice return.
HIHO's Dividend Yield is rather good when compared to the industry average which is at 1.78. HIHO pays more dividend than 100.00% of the companies in the same industry.
HIHO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 9.52%

5.2 History

The dividend of HIHO decreases each year by -14.85%.
HIHO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-14.85%
Div Incr Years0
Div Non Decr Years0
HIHO Yearly Dividends per shareHIHO Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2020 2021 2022 2023 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

HIHO pays out 490.00% of its income as dividend. This is not a sustainable payout ratio.
HIHO's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP490%
EPS Next 2YN/A
EPS Next 3YN/A
HIHO Yearly Income VS Free CF VS DividendHIHO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1M -1M 2M 3M 4M
HIHO Dividend Payout.HIHO Dividend Payout, showing the Payout Ratio.HIHO Dividend Payout.PayoutRetained Earnings

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HIGHWAY HOLDINGS LTD

NASDAQ:HIHO (9/5/2025, 8:19:56 PM)

1.6346

-0.05 (-2.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)07-10 2025-07-10
Earnings (Next)09-08 2025-09-08
Inst Owners4.63%
Inst Owner Change6.31%
Ins Owners37.18%
Ins Owner Change0%
Market Cap7.52M
Analysts0
Price TargetN/A
Short Float %0.1%
Short Ratio0.29
Dividend
Industry RankSector Rank
Dividend Yield 9.52%
Yearly Dividend0.15
Dividend Growth(5Y)-14.85%
DP490%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 81.73
Fwd PE N/A
P/S 1.01
P/FCF N/A
P/OCF N/A
P/B 1.2
P/tB 1.2
EV/EBITDA 107.42
EPS(TTM)0.02
EY1.22%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)-0.08
OCFYN/A
SpS1.61
BVpS1.36
TBVpS1.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 1.59%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 1.35%
GM 33.42%
FCFM N/A
ROA(3y)-3.22%
ROA(5y)-1.93%
ROE(3y)-5.41%
ROE(5y)-3.24%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-25.27%
PM growth 5Y-23.03%
GM growth 3Y3.03%
GM growth 5Y0.18%
F-Score6
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 16.39%
Cap/Sales 1.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.78
Quick Ratio 2.41
Altman-Z 1.85
F-Score6
WACC9.93%
ROIC/WACCN/A
Cap/Depr(3y)25.01%
Cap/Depr(5y)42.51%
Cap/Sales(3y)1.38%
Cap/Sales(5y)1.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)109.52%
EPS 3Y-43.35%
EPS 5Y-35.56%
EPS Q2Q%73.08%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.48%
Revenue growth 3Y-15.7%
Revenue growth 5Y-10.02%
Sales Q2Q%4.93%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y30.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-253.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-185.71%
OCF growth 3YN/A
OCF growth 5YN/A