Hitech Group Australia Limited (AU:HIT)
ASX:HIT
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HIT Stock Chart & Stats
AU$1.63
-AU$0.04(-2.06%)
At close: 4:00 PM EST
AU$1.63
-AU$0.04(-2.06%)
Day’s Range― - ―
52-Week RangeAU$0.80 - AU$2.02
Previous CloseN/A
Volume21.22K
Average Volume (3M)8.53K
Market Cap
AU$39.76M
Enterprise ValueAU$30.80M
Total Cash (Recent Filing)AU$10.49M
Total Debt (Recent Filing)AU$260.95K
Price to Earnings (P/E)8.0
Beta0.40
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield6.25%
Share Statistics
EPS (TTM)0.12
Shares Outstanding42,300,000
10 Day Avg. Volume2,690
30 Day Avg. Volume8,525
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)5.82
Price to Sales (P/S)0.99
P/FCF Ratio27.88
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
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthVery low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing risk, supports bid capacity for government panels, and allows the company to absorb contract timing swings or invest selectively without relying on external debt, aiding multi-month resilience.
High Return On EquityA 55% ROE indicates highly efficient use of shareholder capital driven by margin capture in labour-hire and recruitment. Sustained high ROE can fund dividends and reinvestment, reflecting structural profitability in its service model if the company maintains client access and utilization over coming months.
Consistent Revenue & Healthy MarginsSteady top-line growth and double-digit EBIT margins indicate stable demand for specialist ICT and engineering services. Durable margins suggest pricing power in niche staffing and consulting contracts, supporting sustainable earnings over a multi-month horizon absent major client losses.
Bears Say
Weak Free Cash Flow TrendA sharp drop in free cash flow growth and only 43% conversion of net income into operating cash flow reduce internal funding capacity. Over several months this can constrain working capital for payroll and bid financing, and limits flexibility to expand or smooth seasonality without external funding.
Gross Margin PressureA falling gross margin signals rising delivery costs or pricing pressure. For a labour-hire model, sustained margin erosion from wage inflation, subcontractor costs, or fee compression would directly hit profitability and ROE, making earnings less resilient over a 2-6 month horizon if not addressed.
Contract & Utilisation DependenceEarnings hinge on securing and renewing government/commercial panels and high contractor utilisation. That creates revenue volatility and execution risk: lost panels or lower utilisation can rapidly reduce billable hours and margins, a structural vulnerability for the business model over coming months.
Hitech Group Australia Limited News
HIT FAQ
What was Hitech Group Australia Limited’s price range in the past 12 months?
Hitech Group Australia Limited lowest share price was AU$0.80 and its highest was AU$2.02 in the past 12 months.
What is Hitech Group Australia Limited’s market cap?
Hitech Group Australia Limited’s market cap is AU$39.76M.
When is Hitech Group Australia Limited’s upcoming earnings report date?
Hitech Group Australia Limited’s upcoming earnings report date is Aug 06, 2026 which is in 53 days.
How were Hitech Group Australia Limited’s earnings last quarter?
Hitech Group Australia Limited released its earnings results on Feb 23, 2026. The company reported AU$0.048 earnings per share for the quarter, beating the consensus estimate of N/A by AU$0.048.
Is Hitech Group Australia Limited overvalued?
According to Wall Street analysts Hitech Group Australia Limited’s price is currently Overvalued.
Does Hitech Group Australia Limited pay dividends?
Hitech Group Australia Limited pays a Semiannually dividend of AU$0.045 which represents an annual dividend yield of 6.25%. See more information on Hitech Group Australia Limited dividends here
What is Hitech Group Australia Limited’s EPS estimate?
Hitech Group Australia Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Hitech Group Australia Limited have?
Hitech Group Australia Limited has 42,300,000 shares outstanding.
What happened to Hitech Group Australia Limited’s price movement after its last earnings report?
Hitech Group Australia Limited reported an EPS of AU$0.048 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -8.793%.
Which hedge fund is a major shareholder of Hitech Group Australia Limited?
Currently, no hedge funds are holding shares in AU:HIT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Hitech Group Australia Limited Stock Smart Score
Neutral
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.21%
12-Months-Change
Fundamentals
Return on Equity
43.16%
Trailing 12-Months
Asset Growth
4.92%
Trailing 12-Months
Company Description
Hitech Group Australia Limited
Established in 1993 and headquartered in Sydney, Australia, HiTech Group Australia Limited specializes in talent acquisition, connecting permanent and contract professionals with the Information and Communications Technology (ICT) sector throughout Australia's public and private domains. A key service involves deploying skilled ICT contractors to fulfill clients' temporary or project-specific staffing requirements. The company's expertise extends beyond technology, providing staffing solutions for other fields such as office administration, sales and marketing, and finance. Moreover, HiTech Group supports government agencies by delivering specialized digital services for the initiation and execution of digital transformation projects. Its diverse clientele includes major players in telecommunications, finance, healthcare, consulting, IT, and fast-moving consumer goods (FMCG), in addition to federal and state government entities.