Highway Holdings Limited logo

Highway Holdings Limited

HIHO

NASDAQIndustrialsManufacturing - Metal Fabrication

Previous close

$0.9109

−$0.0029 · -0.32%

Aug 21, 4:00 PM ET

HIHO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

30

Weakening

Sentiment

54

Mixed

Risk resilience

33

High Risk

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Company profile

Company website

Highway Holdings Limited, including its various subsidiaries, is primarily involved in the creation and distribution of a wide array of components, subassemblies, and complete products. These offerings encompass metal, plastic, electrical, and electronic categories, catering mainly to original equipment manufacturers (OEMs) and contract-based production companies. The firm's activities are structured into two distinct divisions: Metal Stamping and Mechanical OEM, and Electric OEM. Beyond its core manufacturing, Highway Holdings also deals in plastic injection molded items and fabricates specialized automation machinery. Their diverse product range is integrated into numerous consumer and industrial goods, such as photocopiers, laser printers, print cartridges, various electrical connectors and circuits, vacuum cleaners, LED power supplies, stepping motors, dishwasher pumps, and other washing machine parts. Moreover, the company extends its expertise by assisting clients with the conceptualization and development of tooling crucial for both metal and plastic fabrication processes. Their extensive suite of manufacturing and engineering services includes precision metal stamping, screen printing, plastic injection molding, pad printing, and the electronic assembly of printed circuit boards. Founded in 1990, Highway Holdings Limited maintains its corporate headquarters in Sheung Shui, Hong Kong, with operations spanning Hong Kong, China, Europe, North America, and various other Asian territories.

Industry
Manufacturing - Metal Fabrication
Sector
Industrials
Headquarters
HK
CEO
Roland Walter Kohl
Listed since
Dec 11, 1996
Employees
147

Market position

Day range

Current $0.9109

52-week range

Current $0.9109

Open
$0.93
Previous close
$0.9138
Volume
86.09K
0.05× average
Average volume
1.78M
Average daily volume
Market cap
4.21M USD
Beta
0.51
Market reference 1
50-day average
$0.9332
-2.39% below average
200-day average
$0.9757
-6.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.22M USD
P/E (TTM)
-2.83×
P/B (TTM)
0.84×
P/S (TTM)
0.8×
EV / EBITDA
-1.52×
Earnings yield
-43.90%
Free cash flow yield
-43.61%
Dividend yield
5.49%

Profitability & efficiency

Gross margin
31.84%
Operating margin
-37.76%
Net margin
-28.08%
Return on equity
-31.15%
Return on assets
-13.46%
Return on invested capital
-18.18%

Financial health

Debt / equity
0.59×
Current ratio
2.23×
Altman Z-score
-0.04
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%10%-22%-53%Gross margin, FY2022: 30.49%Gross margin, FY2023: 30.67%Gross margin, FY2024: 27.02%Gross margin, FY2025: 33.32%Gross margin, FY2026: 28.43%Operating margin, FY2022: 4.59%Operating margin, FY2023: -4.66%Operating margin, FY2024: -12.17%Operating margin, FY2025: -7.22%Operating margin, FY2026: -45.41%Net margin, FY2022: 3.58%Net margin, FY2023: -2.87%Net margin, FY2024: -15.17%Net margin, FY2025: 1.43%Net margin, FY2026: -31.72%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 30.49%. Gross margin FY2023 30.67%. Gross margin FY2024 27.02%. Gross margin FY2025 33.32%. Gross margin FY2026 28.43%. Operating margin FY2022 4.59%. Operating margin FY2023 -4.66%. Operating margin FY2024 -12.17%. Operating margin FY2025 -7.22%. Operating margin FY2026 -45.41%. Net margin FY2022 3.58%. Net margin FY2023 -2.87%. Net margin FY2024 -15.17%. Net margin FY2025 1.43%. Net margin FY2026 -31.72%.

Income trends

Revenue

4.81M USD-35.17%

Operating income

−2.18M USD-307.85%

Net income

−1.52M USD−1.63M USD
Income trends across reported periods13.82M USD8M USD2.18M USD−3.64M USDRevenue, FY2022: 12.37M USDRevenue, FY2023: 10.24M USDRevenue, FY2024: 6.32M USDRevenue, FY2025: 7.41M USDRevenue, FY2026: 4.81M USDOperating income, FY2022: 567K USDOperating income, FY2023: −477K USDOperating income, FY2024: −769K USDOperating income, FY2025: −535K USDOperating income, FY2026: −2.18M USDNet income, FY2022: 443K USDNet income, FY2023: −294K USDNet income, FY2024: −959K USDNet income, FY2025: 106K USDNet income, FY2026: −1.52M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 12.37M USD. Revenue FY2023 10.24M USD. Revenue FY2024 6.32M USD. Revenue FY2025 7.41M USD. Revenue FY2026 4.81M USD. Operating income FY2022 567K USD. Operating income FY2023 −477K USD. Operating income FY2024 −769K USD. Operating income FY2025 −535K USD. Operating income FY2026 −2.18M USD. Net income FY2022 443K USD. Net income FY2023 −294K USD. Net income FY2024 −959K USD. Net income FY2025 106K USD. Net income FY2026 −1.52M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue4.81M USD7.41M USD6.32M USD10.24M USD12.37M USD
Cost of goods sold3.44M USD4.94M USD4.61M USD7.1M USD8.6M USD
Gross profit1.37M USD2.47M USD1.71M USD3.14M USD3.77M USD
Selling, general, and administrative3.55M USD3.01M USD2.48M USD3.62M USD3.2M USD
Operating expenses3.55M USD3.01M USD2.48M USD3.62M USD3.2M USD
Interest income159K USD203K USD248K USD87K USD11K USD
Depreciation and amortization723K USD609K USD758K USD1.14M USD1.1M USD
Operating income−2.18M USD−535K USD−769K USD−477K USD567K USD
Net income−1.52M USD106K USD−959K USD−294K USD443K USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.090.02-0.05-0.12Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q3 '26
Q3 2024, reported Aug 1, 2024: actual 0.02, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 10, 2024: actual 0.05, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 21, 2025: actual 0.02, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual -0.072, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 0.014, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 15, 2025: actual -0.08, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 2, 2026: actual -0.02, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 17, 2026: actual 0.02, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.21M1.75M1.29M836.12KQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q3 '26
Q3 2024, reported Aug 1, 2024: actual 1.88M USD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 10, 2024: actual 2.12M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 21, 2025: actual 1.93M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 1.49M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 1.55M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 15, 2025: actual 1.18M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 2, 2026: actual 1.15M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 17, 2026: actual 931K USD, estimate —, surprise —, Comparison unavailable.

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