Highway Holdings Limited HIHO

0.91 (0.02) (2.15%) as of 25 Sep
Market cap
$4.3M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 29.54%

Capital & Financial Ratios

Market Cap 4.30
Revenue 5.26
Net Income (1.54)
Free Cash Flow (0.52)
Net Debt (3.32)
Current Ratio 2.42
Debt/Equity 0.10
P/E ratio 0.00
P/S ratio 0.79
P/B ratio 0.76
Past 5Y EPS Growth (5.77%)
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 1.63
Annual Dividend Rate 0.30
Annual Dividend Yield 7.39%
total individual payouts
2026 0.10
0.05
0.05
2024 0.12
0.05
0.02
0.05
2023 0.15
0.10
0.05
2022 0.25
0.05
0.15
0.05
2021 0.14
0.02
0.06
0.06
2020 0.24
0.08
0.10
0.06
2019 Powerpack
2018 0.35
0.10
0.10
0.10
0.05
2017 0.29
0.07
0.10
0.06
0.06
2016 0.30
0.10
0.10
0.10
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 7 6 4 4
Receivables 1 1 1 1
Inventory 2 1 1 2
Other — — — —
10 9 7 7
2024 2025 2026 Q'26
Payables 1 1 0 0
ST’ Debt — — 0 0
Other — — — —
4 3 3 3
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (14.47%) (12.12%) (22.30%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (7.56%) (11.07%) (12.86%)

Revenue

Jun Sep Dec Mar Year
’26 2 — — — —
’26 2 1 1 1 5
’25 2 2 2 1 7
’24 1 1 2 1 6
’23 3 3 3 2 10
’22 3 3 3 3 12
’21 2 3 3 2 9
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’26 (1) — — — (1)
’25 0 — — — 0
’24 0 — — — 0
’23 1 — — — 1
’22 0 — — — 0
’21 0 — — — 0
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’26 (1) — — — (1)
’25 0 — — — 0
’24 0 — — — 0
’23 1 — — — 1
’22 0 — — — 0
’21 0 — — — 0
in millions of $ · fiscal quarters ending in the months shown

EPS

Jun Sep Dec Mar Year
’26 0.02 — — — —
’26 0.01 (0.08) (0.02) (0.24) (0.33)
’25 0.02 0.05 0.02 (0.07) 0.02
’24 (0.08) 0.05 0.07 (0.26) (0.22)
’23 0.09 0.10 0.01 (0.28) (0.07)
’22 0.08 0.06 0.06 (0.09) 0.11
’21 (0.06) 0.06 0.02 (0.14) (0.12)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
3.10 2.27 1.55 1.61 2.92 1.71 1.80 1.70 0.77 0.60

Analyst estimates 2027–2029

Powerpack
Low Price
4.35 6.55 3.90 5.29 5.82 4.01 3.08 2.88 2.21 1.57
High Price
260 197 141 206 200 204 170 142 147 99
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
20 19 14 13 9 12 10 6 7 5
Revenue
28.41% 35.18% 25.08% 33.07% 29.53% 30.49% 30.67% 27.02% 33.32% 28.43%
Gross Margin
1 2 (1) 1 (1) 1 0 (1) 0 (2)
EBT
3.88% 10.81% (4.86%) 7.13% (6.54%) 4.59% (3.06%) (18.02%) 1.98% (42.25%)
EBT Margin
1 2 (1) 1 0 0 0 (1) 0 (2)
Net Income
0 0 0 0 0 0 0 0 0 0
Depreciation
5.16 5.04 3.76 3.21 2.29 3.07 2.52 1.45 1.68 1.06
Revenue/Sh
0.14 0.41 (0.17) 0.18 (0.12) 0.11 (0.07) (0.22) 0.02 (0.33)
Earnings/Sh
0.59 0.63 (0.11) 0.11 (0.03) (0.04) 0.20 0.09 (0.08) (0.31)
Cash Flow/Sh
(0.05) (0.04) (0.17) (0.02) (0.02) (0.03) (0.02) (0.02) 0.05 0.00
Capex/Sh
0.53 0.59 (0.29) 0.10 (0.05) (0.07) 0.18 0.07 (0.03) (0.31)
Free CF/Sh
2.97 3.10 2.67 2.79 2.44 2.30 2.02 1.52 1.42 1.19
Book Value/Sh
4 4 4 4 4 4 4 4 4 5
Shares
27.86 11.67 0.00 11.94 0.00 25.64 0.00 0.00 92.50 0.00
PE Ratio
0.76 0.97 0.91 0.63 1.63 0.92 0.81 1.45 1.10 0.72
PS Ratio
1.31 1.58 1.28 0.73 1.53 1.23 1.01 1.38 1.30 0.64
PB Ratio
0.24 0.38 0.29 0.15 1.00 0.53 0.33 0.67 0.52 (0.08)
EV/Sales
1.70 1.45 1.03 0.54 6.81 (5.53) 5.35 7.41 6.19 0.73
EV/FCF
2 2 0 0 0 0 1 0 0 (1)
Op' Cash Flow
0 0 (1) 0 0 0 0 0 0 0
Capex
2 2 (1) 0 0 0 1 0 0 (1)
FCF
10 11 8 8 8 7 7 6 5 4
Working Cap'
— — — 3 2 1 2 — — 1
Total Debt
(10) (11) (9) (6) (6) (5) (5) (7) (6) (4)
Net Debt
11 12 10 11 10 9 8 7 6 5
Sh' Equity
3.05% 8.69% (3.77%) 4.11% (2.74%) 2.92% (2.05%) (7.61%) 1.02% (14.83%)
ROA
37.10% 231.60% (36.02%) 9.51% (9.68%) 7.95% (8.98%) (2,755.07%) (113.35%) (90.34%)
ROIC
4.53% 13.42% (5.75%) 6.52% (4.46%) 4.65% (3.36%) (12.91%) 1.64% (26.04%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Highway Holdings Limited (HIHO) key facts

  • Highway Holdings Limited (HIHO) is a Metal Fabrication company in the Industrials sector, listed on Nasdaq.
  • Highway Holdings Limited’s revenue for fiscal 2026 (year ended March 2026) was $4.8 million, down 35.2% from fiscal 2025.
  • Highway Holdings Limited reported a net loss of $1.5 million, or a loss of $0.33 per share, for fiscal 2026.
  • As of September 25, 2026, HIHO traded at $0.91, a market capitalization of $4.3 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.8× sales.
  • Highway Holdings Limited pays an annual dividend of $0.30 per share, a yield of 7.39%, with a payout ratio of 162.5%.
  • Return on equity was −26.0% and debt-to-equity 0.10.

Source: company filings (standardised) and stockrow calculations.

Highway Holdings Limited (HIHO) Latest News

News by impact score

Fine-tune

10 Aug

4

Highway Holdings Limited signs master agreement to form majority-owned energy storage joint venture with Huahu, owner of Wowtiger brand. Majority-owned energy storage joint venture marks major strategic expansion likely to alter company trajectory and investor sentiment.

22 Jul

4

Highway Holdings Limited signed a letter of intent to form a joint venture with Guangdong Huahu New Energy Technology. Letter of intent for new energy joint venture marks major strategic expansion likely to reshape company trajectory.

4

Highway Holdings Limited signed an LOI to launch a majority-owned energy storage venture with Huahu, owner of the Wowtiger brand. LOI for majority-owned energy storage venture marks major strategic expansion likely to alter Highway Holdings' trajectory.

20 Jul

4

Highway Holdings Limited posts 29% YOY revenue growth and 58% YOY gross profit growth to open fiscal 2027 while returning to operating profitability. Strong double-digit revenue and gross profit gains plus restored operating profitability materially improve financial trajectory and investor sentiment.

15 Jul

3 earnings

Highway Holdings Limited reported fiscal fourth quarter and full year 2026 results. Earnings results reporting can moderately affect short-term stock performance.

26 Mar

4

Highway Holdings Limited (HIHO) received a Nasdaq notification for failing to meet the minimum bid price of $1.00 per share over 30 consecutive business days. The company has 180 calendar days to regain compliance by maintaining a $1.00 closing bid price for 10 consecutive business days, or face potential delisting proceedings with possible extension. Nasdaq minimum bid price deficiency notification creates delisting risk, significantly threatening stock liquidity, investor sentiment, and market performance.

5 Mar

4

Highway Holdings Limited (HIHO) completes acquisition of 51% stake in Regent-Feinbau Adermann GmbH, gaining controlling interest in the German metal processing firm. Acquiring 51% controlling interest in a German firm enables HIHO to expand operations and enter new markets significantly.

2 Mar

3

Highway Holdings Limited (HIHO) reported fiscal year 2026 third quarter and nine-month financial results. Third quarter and nine-month results provide key financial updates influencing performance assessment and investor sentiment.

23 Dec

4

Highway Holdings Limited (HIHO) plans to acquire a 51% stake in Regent-Feinbau Adermann GmbH, a German manufacturer of precision metal components. This acquisition aims to enhance HIHO's operational capabilities and expand its market presence in Europe. The deal is expected to be finalized in the coming months, pending regulatory approvals and customary closing conditions. Acquiring a majority stake in a European manufacturer is a significant strategic move that could enhance HIHO's market position and operational capabilities.

15 Dec

3

Highway Holdings Limited (HIHO) reported its financial results for the second quarter of fiscal year 2026, highlighting a revenue increase and improved profitability compared to the previous year. The company attributed its growth to strong demand for its products and effective cost management strategies. Management expressed optimism about future performance, citing ongoing investments in product development and market expansion. Despite challenges in the broader economic environment, HIHO remains focused on enhancing operational efficiency and delivering value to shareholders. Revenue growth and improved profitability indicate a moderately positive influence on future performance.

11 Sep

3

Highway Holdings Limited (HIHO) reported its financial results for the first quarter of fiscal 2026, highlighting a revenue increase and improved net income compared to the previous year. The company attributed the growth to higher demand for its products and effective cost management strategies. Management expressed optimism about future performance, citing ongoing investments in product development and market expansion. Overall, the results reflect a positive trend for HIHO as it navigates the competitive landscape. The revenue increase and improved net income indicate a moderately noticeable influence on financial performance.

3 Jul

3

Highway Holdings Limited (HIHO) reported a full-year 2025 earnings per share (EPS) of US$0.024, a significant improvement compared to a loss of US$0.22 in fiscal year 2024. This turnaround indicates a positive shift in the company's financial performance, suggesting recovery and potential growth. The improvement in EPS reflects a moderately noticeable influence on financial performance and market sentiment.

1 Jul

3

Highway Holdings Limited (HIHO) reported its fiscal fourth quarter and full year 2025 results, highlighting key financial metrics and operational performance. The company experienced fluctuations in revenue and net income, reflecting challenges in the market. Management provided insights into future strategies and expectations, aiming to enhance growth and profitability in the upcoming fiscal year. The financial results indicate moderate fluctuations that may influence future performance but are balanced by management's strategic outlook.

7 Mar

4

Highway Holdings Limited has appointed Marcum Asia CPAs LLP as its new independent auditor, replacing ARK Pro CPA & Co. This decision follows a thorough selection process and reflects the company's commitment to high-quality financial reporting. There were no disagreements with the previous auditor, and the appointment was ratified by the board of directors. Marcum Asia will oversee the auditing of Highway Holdings' financial statements, supporting the company's growth strategy and enhancing shareholder value. The company has also restructured its Board of Directors, adding four new members with extensive experience in various business sectors. The appointment of a new auditor and board restructuring are significant strategic moves that could enhance financial reporting and support long-term growth.

18 Feb

3

Highway Holdings Limited has appointed four new directors to its board, enhancing its leadership team. The new directors bring diverse experience and expertise, which the company believes will contribute positively to its strategic direction and operational effectiveness. The addition of new directors may influence the company's strategic decisions and operational performance.

4 Feb

3

Highway Holdings Limited (NASDAQ:HIHO) has a projected fair value of US$1.57, with its current share price at US$1.86, indicating it is trading near its fair value. The valuation was derived using a Discounted Cash Flow (DCF) model, which estimates future cash flows and discounts them to present value. The analysis included a 10-year cash flow forecast and a terminal value calculation, resulting in a total equity value of US$6.9 million. The company is currently debt-free and has a strong dividend yield, but its share price exceeds the estimated fair value. Investors are advised to consider various factors beyond valuation when assessing the company. The analysis indicates a fair valuation, but the lack of analyst coverage and potential risks suggest a limited impact on future performance.

21 Jan

3

Highway Holdings Limited reported its financial results for the third quarter and nine months of fiscal year 2025, highlighting key metrics such as revenue, net income, and operational performance. The company experienced fluctuations in sales and profitability, reflecting broader market conditions and operational challenges. Management provided insights into future strategies and market outlook, indicating a focus on improving efficiency and expanding product offerings. Fluctuations in sales and profitability may moderately influence financial performance and market sentiment.

14 Nov

4

Highway Holdings Limited (NASDAQ:HIHO) will pay a dividend of $0.05 per share on December 24th, with a dividend yield of 3.5%. However, the company's profitability is in question, as EPS has fallen by 38.4% and the dividend has been cut in the past. The article highlights significant concerns about Highway Holdings' ability to maintain its dividend due to declining profitability and a history of dividend cuts.

10 Oct

3

Highway Holdings Limited reported a 60.1% increase in revenue and 117.8% increase in gross profit for the second quarter of fiscal year 2025. The company remains cautiously optimistic about future business prospects. The positive financial results and optimistic outlook are expected to moderately influence the company's future performance.

24 Sep

3

Highway Holdings Limited declared a $0.02 cash dividend per share, with distribution dates set. Company remains confident in long-term prospects despite COVID impact. The cash dividend declaration and positive outlook may moderately influence the company's financial performance and investor sentiment.

4 Sep

4

Highway Holdings received an initial order of 100,000 units for a new brushless electric motor from a strategic customer after facing delays due to COVID-19. The new model brushless electric motor is expected to significantly boost production volume and revenue growth in the near future.

3 Aug

3

Highway Holdings reported a 40% increase in revenue and a net income of $98.0k in the first quarter of 2025. The financial results show a moderately noticeable influence on the company's performance.

1 Aug

3

Highway Holdings Limited reported a 39% increase in revenue for the first quarter of fiscal year 2025, reaching $1.88 million. The company also achieved a net profit of $98,000, compared to a net loss of $338,000 in the same period last year. The increase in revenue and net profit, along with a favorable financial position, are expected to moderately influence the company's future performance.

25 Jul

3

Highway Holdings Limited's fair value estimated at US$2.33 based on Dividend Discount Model, trading at a 17% discount to current share price of US$1.9. The article discusses the potential impact of valuation on Highway Holdings Limited's future performance and market sentiment.

19 Jul

4

Highway Holdings Limited reported a decrease in sales and net loss for the fiscal fourth quarter and full year 2024 due to the negative impact of the COVID-19 pandemic and subsequent boom and bust period. The significant impact of the COVID-19 pandemic and boom and bust cycle on sales and financial performance is expected to lead to major strategic moves and potential shifts in market dynamics for Highway Holdings Limited.

12 Jul

3

Highway Holdings Limited restated its unaudited financial statements for the 3 and 9 months ended December 31, 2023, resulting in higher net income for both periods. The restatement of financial statements is expected to moderately influence the company's financial performance and investor sentiment.

2 Apr

3

Highway Holdings Limited declares $0.05 cash dividend per share with record and distribution dates set. The cash dividend announcement may moderately influence investor sentiment and financial performance.

3 Feb

4

Highway Holdings reported strong third quarter 2024 earnings with revenue up 60% and net income up 481% from the same period last year. The significant increase in revenue and net income, along with improved profit margin, is expected to have a major impact on the company's future performance and investor sentiment.

3

Highway Holdings Limited's fair value estimate is US$2.58, potentially trading close to its fair value. Competitors have an average premium of 26%. The article discusses the potential impact on Highway Holdings Limited's future financial performance and market positioning.

1 Feb

4

Highway Holdings reported a 60% increase in revenue for the third quarter of fiscal year 2024, with net income also rising compared to the previous year. The acquisition of Synova and the return to normal order patterns of customers are expected to significantly impact the company's future performance.

stockrow.com/HIHO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com