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Highway Holdings (HIHO)
NASDAQ:HIHO
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Highway Holdings
(NASDAQ:HIHO)
46Neutral
Highway Holdings (HIHO) vs. S&P 500 (SPY)
Market Cap
$8.10M
Dividend Yield6.52%
Average Volume (3M)2.19K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth11.36%
EPS Growth22.93%
CountryUS
Employees374
SectorIndustrials
Sector Strength65
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.17
Shares Outstanding4,401,825
10 Day Avg. Volume1,607
30 Day Avg. Volume2,187
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.32
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Highway Holdings Business Overview & Revenue Model
Company DescriptionHighway 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. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. In addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. It operates in Hong Kong and China, Europe, North America, and other Asian countries. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.
How the Company Makes MoneyHighway Holdings makes money by providing manufacturing services to a diverse clientele of original equipment manufacturers. The company's revenue model is primarily based on contracts and agreements with these OEMs, where it offers manufacturing and assembly services for their products. Highway Holdings generates revenue through the production of various components and subassemblies, offering value-added services such as design assistance, prototyping, and logistics support. The company benefits from long-term relationships with its clients, which help ensure a steady stream of manufacturing orders. Additionally, Highway Holdings may engage in partnerships with other firms to expand its capabilities and market reach, although specific partnership details are not disclosed.
Highway Holdings Financial Statement Overview
Summary
Highway Holdings is struggling financially with declining revenues, negative profitability, and reduced cash flows. Despite a stable balance sheet with manageable debt, the company must address operational inefficiencies to improve its financial health.Income Statement
Highway Holdings has experienced a significant decline in revenue and profitability over recent years, with a negative revenue growth rate and shrinking profit margins. The gross profit margin has decreased, and both EBIT and EBITDA margins are negative, indicating operational inefficiencies and challenges in cost management.32
Negative
Balance Sheet
The company maintains a moderate level of debt with a manageable debt-to-equity ratio. However, the return on equity is negative due to consistent net losses, which indicates inefficient use of equity. The equity ratio is decent, which suggests a reasonable level of shareholder financing relative to total assets.54
Neutral
Cash Flow
Operating cash flow is positive but has decreased significantly, reflecting challenges in converting operations into cash. Free cash flow has also decreased, showing increased strain on liquidity. The operating cash flow to net income ratio suggests some improvement in cash generation despite net losses.45
Neutral
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.85M | 6.32M | 10.24M | 12.37M | 9.17M | 12.56M | Gross Profit |
| 1.99M | 1.71M | 3.14M | 3.77M | 2.71M | 4.15M | EBIT |
| -1.23M | -769.00K | -516.00K | -520.00K | -565.00K | -495.00K | EBITDA |
| -190.00K | -11.00K | 664.00K | 1.66M | 384.00K | 1.97M | Net Income Common Stockholders |
| -523.00K | -959.00K | -293.00K | 443.00K | -454.00K | 686.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 11.27M | 6.60M | 6.95M | 7.08M | 7.76M | 8.83M | Total Assets |
| 18.13M | 11.32M | 13.88M | 14.86M | 15.49M | 18.17M | Total Debt |
| 0.00 | 1.39M | 2.06M | 1.20M | 1.96M | 2.82M | Net Debt |
| -11.27M | -5.21M | -4.90M | -4.81M | -5.79M | -6.01M | Total Liabilities |
| 6.34M | 4.68M | 5.67M | 5.59M | 5.71M | 7.25M | Stockholders Equity |
| 11.74M | 6.64M | 8.20M | 9.27M | 9.76M | 10.91M |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 297.00K | 717.00K | -298.00K | -192.00K | 351.00K | Operating Cash Flow |
| 0.00 | 415.00K | 809.00K | -164.00K | -104.00K | 442.00K | Investing Cash Flow |
| 0.00 | -102.00K | 991.00K | -1.20M | -78.00K | -64.00K | Financing Cash Flow |
| 0.00 | -557.00K | -920.00K | -549.00K | -902.00K | -297.00K |
Highway Holdings Technical Analysis
Negative
1.84
Price Trends
1.86
Negative
1.89
Negative
1.88
Negative
Market Momentum
<0.01
Positive
46.17
Neutral
41.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIHO, the sentiment is Negative. The current price of 1.84 is below the 20-day moving average (MA) of 1.86, below the 50-day MA of 1.86, and below the 200-day MA of 1.88, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 41.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HIHO.
Highway Holdings Risk Analysis
Highway Holdings disclosed 33 risk factors in its most recent earnings report. Highway Holdings reported the most risks in the “Macro & Political” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Highway Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.05B | 34.21 | 16.82% | 0.44% | 5.65% | 84.17% | |
67 Neutral | $705.18M | 19.03 | 8.85% | 0.56% | -11.34% | -41.23% | |
64 Neutral | $862.52M | 27.66 | 4.78% | ― | 3.90% | 81.41% | |
63 Neutral | $114.61M | 6.79 | 33.52% | ― | 9.44% | 102.67% | |
62 Neutral | $35.09M | 97.90 | 0.94% | ― | 11.79% | 35.73% | |
62 Neutral | $8.05B | 13.60 | 4.04% | 3.11% | 3.70% | -14.19% | |
46 Neutral | $8.10M | ― | -10.62% | 6.52% | 11.36% | 22.93% |
* Industrials Sector Average
Performance Comparison
HIHO
Highway Holdings
1.84
-0.16
-8.00%
CRS
Carpenter Technology
181.18
110.43
156.08%
DCO
Ducommun
58.03
9.56
19.72%
KEQU
Kewaunee Scientific
38.31
3.52
10.12%
LGL
LGL Group
6.32
0.05
0.80%
PLPC
Preformed Line Products Company
140.09
14.48
11.53%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.