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Hitech Group Australia Limited
(Sydney:HIT)
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Rating:74Outperform
Price Target:
AU$1.50
â–²(20.00% Upside)
Action:Reiterated
Date:08/19/26
Overall score is supported most by strong valuation (low P/E and high dividend yield) and a conservative, low-debt balance sheet. The score is tempered by cash flow volatility (including zero free cash flow in 2026) and mixed technical positioning with the price below key moving averages.
Positive Factors
Conservative Balance Sheet
Minimal leverage reduces refinancing and interest-rate risk while preserving financial flexibility. Growing equity provides a stronger capital base for maintaining operations, absorbing demand volatility, and funding measured expansion.
Negative Factors
Revenue and Earnings Contraction
Recent contraction in revenue alongside a sharp EPS decline signals weaker demand, lower operating leverage, or reduced placement economics. If sustained, this could constrain scale benefits and make earnings more sensitive to client and contractor volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage reduces refinancing and interest-rate risk while preserving financial flexibility. Growing equity provides a stronger capital base for maintaining operations, absorbing demand volatility, and funding measured expansion.
Read all positive factors
Hitech Group Australia Limited (HIT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$52.87M
Dividend Yield7.38%
Average Volume (3M)8.53K
Price to Earnings (P/E)12.9
Beta (1Y)0.36
Revenue Growth-3.10%
EPS Growth-35.68%
CountryAU
Employees17
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding42,300,000
10 Day Avg. Volume2,690
30 Day Avg. Volume8,525
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)3.32
Price to Sales (P/S)0.59
P/FCF Ratio0.00
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
Hitech Group Australia Limited Business Overview & Revenue Model
Company Description
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 throughou...
How the Company Makes Money
HIT makes money primarily by supplying ICT personnel to clients (commonly on a contract basis) and earning a margin between what the client pays and what the contractor/employee is paid. Key revenue streams typically include: (1) contractor labour...
Hitech Group Australia Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 65.61M | 67.71M | 63.45M | 74.36M | 62.98M |
| Gross Profit | 9.43M | 12.66M | 12.81M | 10.99M | 9.30M |
| EBITDA | 6.26M | 8.70M | 8.59M | 7.63M | 6.76M |
| Net Income | 4.11M | 6.38M | 6.03M | 5.44M | 4.40M |
Balance Sheet | |||||
| Total Assets | 18.08M | 18.17M | 17.27M | 15.36M | 12.97M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 9.65M | 12.11M | 10.58M | 10.01M |
| Total Debt | 66.24K | 445.89K | 1.35M | 2.42M | 148.57K |
| Total Liabilities | 6.42M | 6.60M | 7.85M | 7.75M | 5.54M |
| Stockholders Equity | 11.66M | 11.57M | 9.42M | 7.61M | 7.43M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 2.41M | 6.42M | 6.18M | 7.47M |
| Operating Cash Flow | 5.07M | 2.68M | 6.46M | 6.19M | 7.49M |
| Investing Cash Flow | 238.83K | -264.83K | -35.77K | -76.45K | -59.22K |
| Financing Cash Flow | -4.40M | -4.87M | -4.90M | -5.54M | -4.03M |
Hitech Group Australia Limited Technical Analysis
Negative
1.25
Price Trends
1.11
Positive
1.04
Positive
1.29
Negative
Market Momentum
0.04
Positive
52.69
Neutral
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HIT, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.11, and below the 200-day MA of 1.29, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.69 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HIT.
Hitech Group Australia Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$968.29M | 24.08 | 7.03% | 3.47% | -34.08% | -36.57% | |
74 Outperform | AU$52.87M | 12.89 | 35.47% | 7.32% | -3.10% | -35.68% | |
71 Outperform | AU$2.90B | 22.77 | 22.77% | 2.98% | 29.43% | 50.05% | |
64 Neutral | AU$1.55B | 26.65 | 10.95% | 2.43% | 1.02% | -4.14% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$40.12M | 11.79 | 11.53% | 5.52% | 4.90% | 73.03% | |
50 Neutral | AU$125.32M | -15.88 | -12.62% | 2.78% | 42.47% | -144.81% |
* Industrials Sector Average
AU:HIT
Hitech Group Australia Limited
1.25
-0.62
-33.08%
AU:MND
Monadelphous Group Limited
29.10
8.35
40.26%
AU:SSM
Service Stream Limited
2.47
0.45
22.22%
AU:SND
Saunders International Limited
0.91
0.10
12.35%
AU:ASH
Ashley Services Group Ltd.
0.27
0.11
67.70%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.87
0.71
62.03%
Hitech Group Australia Limited Corporate Events
ACCC Clears HiTech’s Acquisition of Hudson Global Resources Assets
Aug 25, 2026
HiTech Group Australia has received unconditional Phase 1 clearance from the Australian Competition and Consumer Commission for its proposed acquisition of certain assets of Hudson Global Resources, which entered voluntary administration in April ...
Hitech Group Australia Declares Interim Dividend for Half-Year to June 2026
Aug 19, 2026
Hitech Group Australia Limited has announced a new interim dividend of AUD 0.04 per ordinary fully paid share for the six-month period ended 30 June 2026. The stock will trade ex-dividend on 4 September, with a record date of 7 September and payme...
HiTech Group Balances Softer FY26 Earnings With Strong Cash, Contracts and Hudson Deal
Aug 18, 2026
HiTech Group Australia reported FY2026 revenue of $65.6 million, down 3.2% year on year, with EBITDA falling 35.4% to $5.6 million and gross profit down 25.5%, reflecting challenging macroeconomic conditions and subdued government spending. The co...
HiTech Group Australia Posts Solid FY26 Profit and Declares Fully Franked Dividend
Aug 18, 2026
HiTech Group Australia reported operating revenue of $65.95 million for the year ended 30 June 2026, a 3.2% decline from the prior year, with underlying EBITDA of $5.62 million and underlying NPAT of $4.11 million. The board declared a fully frank...
HiTech Group bids up to $15m for Hudson UpperGround assets
Jun 23, 2026
HiTech Group Australia has submitted a proposal to acquire selected assets and employees of Hudson Global Resources’ UpperGround business under a Deed of Company Arrangement, with total consideration of up to $15 million. The structure inclu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.