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HIHOHighway Holdings Limited
$0.83$4M
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HIHO logoHighway Holdings Limited(HIHO)Earnings, Financials & Key Ratios

HIHO•NASDAQ
$0.83
34.5× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryMetal FabricationSub-IndustryIndustrial components, assemblies and containers
AboutHighway 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.Show more
  • Revenue$7M+17.3%
  • EBITDA$74K+772.7%
  • Net Income$106K+111.1%
  • EPS (Diluted)0.02+111.0%
  • Gross Margin33.32%+23.3%
  • EBITDA Margin1%+673.8%
  • Operating Margin-7.22%+40.7%
  • Net Margin1.43%+109.4%
  • ROE1.64%+112.7%

HIHO Price & Volume

Highway Holdings Limited (HIHO) stock price & volume — 10-year historical chart

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Persistent Revenue Contraction Challenges Operational Viability

Investment Thesis • Updated 2026Q2

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Fortress
Cash Flow:Deteriorating
Primary Risk:Operating scale insufficiency

Key Thesis Takeaways

  • Highway Holdings faces a precarious outlook as its core manufacturing business struggles with extreme top-line volatility, evidenced by a 44.3% year-over-year revenue decline in 2026Q2.
  • While the company maintains a fortress balance sheet with $5.6M in cash and a low 0.08 debt-to-equity ratio, the absence of positive operating cash flow and persistent net losses suggest a structurally impaired business model.
  • Investors should remain cautious as the company's inability to scale SG&A expenses, which resulted in a -45.9% operating margin in 2026Q2, continues to erode shareholder equity.

Verdict Logic

the company's fundamental inability to generate positive free cash flow over the last ten quarters and a deepening negative retained earnings balance of -$5.8M suggest significant long-term value destruction.

HIHO Growth Metrics

Highway Holdings Limited (HIHO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-10.46%
5 Years-10.01%
3 Years-15.68%
TTM-19.68%

Profit CAGR

10 Years-21.21%
5 Years-31.17%
3 Years-37.92%
TTM-5.94%

EPS CAGR

10 Years-22.29%
5 Years-33.11%
3 Years-39.72%
TTM-0.77%

Return on Capital

10 Years1.42%
5 Years-4.22%
3 Years-7.15%
Last Year-7.67%

Latest HIHO News

Recent stock market news and headlines for Highway Holdings Limited (HIHO)

Seeking Alpha·Jun 30, 2026
Allison Transmission: Attractive Valuation Despite Near-Term Headwinds

Allison Holdings (ALSN) offers a compelling buying opportunity, trading at a ~43% P/E discount to peers with strong margin and growth prospects. The Off-Highway business acquisition and robust defence market demand drive revenue growth, offsetting temporary On-Highway headwinds from emission regulations. ALSN targets a long-term adjusted EBITDA margin of 25–27%, supported by pricing power, synergy realization, and operational efficiency.

CNET·Jun 18, 2026
Waymo Issues Another Recall, This Time Over Highway Construction Zones

The robotaxi company issues a recall on 3,871 vehicles that could make incorrect decisions while driving in highway construction zones.

Peers Comparison

Key metrics vs top competitors for Highway Holdings Limited (HIHO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HIHO logoHIHOHighway Holdings LimitedCurrent
$0.83$3.82M34.4917.26%1.43%1.64%13.45%
FLXS logoFLXSFlexsteel Industries, Inc.
$69.55$372.48M19.596.86%6.79%17.68%—
DAKT logoDAKTDaktronics, Inc.
$20.43$986.46M22.2110.87%5.41%15.49%—
LYTS logoLYTSLSI Industries Inc.
$24.91$806.76M31.5322.09%2.94%5.96%—
CIX logoCIXCompX International Inc.
$25.27$311.4M15.998.46%12.74%14.26%—
TWIN logoTWINTwin Disc, Incorporated
$21.88$315.57M-156.2915.45%7.32%15.27%—

Compare HIHO vs Peers

Highway Holdings Limited (HIHO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FLXS

Most directly comparable listed peer for HIHO.

Scale Benchmark

vs ETN

Larger-name benchmark to compare HIHO against a more recognizable public peer.

Peer Set

Compare Top 5

vs FLXS, DAKT, LYTS, CIX

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HIHO Frequently Asked Questions

Highway Holdings Limited (HIHO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Highway Holdings Limited's revenue?

Highway Holdings Limited (HIHO) reported $6.1M in revenue for fiscal year 2025. This represents a 65% decrease from $17.8M in 1997.

How fast is Highway Holdings Limited growing?

Highway Holdings Limited (HIHO) grew revenue by 17.3% over the past year. This is strong growth.

Is HIHO profitable?

Highway Holdings Limited (HIHO) reported a net loss of $0.5M for fiscal year 2025.

Dividend & Returns
Does HIHO pay dividends?

Yes, Highway Holdings Limited (HIHO) pays a dividend with a yield of 13.45%. This makes it attractive for income-focused investors.

What is HIHO's return on equity?

Highway Holdings Limited (HIHO) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.

What is Highway Holdings Limited's free cash flow?

Highway Holdings Limited (HIHO) had negative free cash flow of $0.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in HIHO back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →