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HIGHWAY HOLDINGS LTD HIHO

Nasdaq · stock · Miscellaneous Fabricated Metal Products · website · IPO 1996-01-01

HIGHWAY HOLDINGS LTD statistics & valuation

Market cap$4.0M
P / S0.8×
P / B0.7×
Net margin-31.7%
Return on equity-28.0%
FCF margin-31.5%
Net cash$4.0M
Enterprise value USD$25,058
Return on capital-29.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
2.70% 8.10% -4.40% 5.50% -5.00% 3.60% -2.90% -15.20% 1.40% -31.70% 2017201820192020202120222023202420252026
Gross margin (%)
28.40% 35.20% 25.10% 33.10% 29.50% 30.50% 30.70% 27.00% 33.30% 28.40% 2017201820192020202120222023202420252026
Operating margin (%)
3.90% 10.10% -5.30% 5.90% -6.70% 4.60% -4.70% -25.80% -7.20% -48.00% 2017201820192020202120222023202420252026
Return on equity (%)
4.70% 13.10% -6.20% 6.30% -4.70% 4.80% -3.60% -14.40% 1.70% -28.00% 2017201820192020202120222023202420252026
Shares outstanding
3.8M 3.8M 4.0M 4.0M 4.0M 4.2M 4.1M 4.4M 4.4M 4.6M 2017201820192020202120222023202420252026
Net debt ($)
-$4.0M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
3.00% 8.50% -4.10% 3.80% -3.00% 3.00% -2.10% -8.50% 1.10% -13.90% 2017201820192020202120222023202420252026
Free cash flow margin (%)
10.30% 11.00% -7.90% 2.80% -2.10% -2.40% 7.00% 4.70% -6.20% -31.50% 2017201820192020202120222023202420252026
Debt / equity (×)
0.07× 2017201820192020202120222023202420252026
EPS ($)
$0.14 $0.41 -$0.17 $0.18 -$0.12 $0.11 -$0.07 -$0.22 $0.02 -$0.33 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HIGHWAY HOLDINGS LTD trades at about 57× earnings — above its 10-year norm (10-year range 11.1×–79×, median 16.6×).

11.1× 79×

Shaded band = 10-year range (11.1×–79×); dot = today's 57×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin28.4%33.3%27.0%30.7%30.5%29.5%33.1%25.1%35.2%28.4%
Operating margin-48.0%-7.2%-25.8%-4.7%4.6%-6.7%5.9%-5.3%10.1%3.9%
Net margin-31.7%1.4%-15.2%-2.9%3.6%-5.0%5.5%-4.4%8.1%2.7%
FCF margin-31.5%-6.2%4.7%7.0%-2.4%-2.1%2.8%-7.9%11.0%10.3%
Return on assets-13.9%1.1%-8.5%-2.1%3.0%-3.0%3.8%-4.1%8.5%3.0%
Return on equity-28.0%1.7%-14.4%-3.6%4.8%-4.7%6.3%-6.2%13.1%4.7%
Debt / equity0.07×—————————
Current ratio2.232.792.512.622.382.902.652.632.722.64

Computed from company filings · US · as of 2025-03-31. Facts plus Stocktoria's own computed scores — not investment advice.