Hitech Group Australia Limited AI Stock Analysis
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Hitech Group Australia Limited (HIT) AI Stock Analysis
Hitech Group Australia Limited
(ASX:HIT)
The score is primarily supported by solid financial fundamentals (especially a very low-debt balance sheet) and a supportive valuation profile (modest P/E and high dividend yield). Offsetting these positives, technical indicators point to weak near-term momentum, and financial execution risks are evident in choppy growth and the drop to zero free cash flow in 2026.
Hitech Group Australia Limited (HIT) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 53.71M
- Dividend Yield
- 7.76%
- Average Volume (3M)
- 16.40K
- Price to Earnings (P/E)
- 12.0
- Beta (1Y)
- 0.55
- Revenue Growth
- -3.10%
- EPS Growth
- -35.68%
- Country
- Australia
- Employees
- 17
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Staffing & Employment Services
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 throughout A...
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 hi...
Hitech Group Australia Limited Financial Statement Overview
Summary
Solid underlying financial strength driven by a conservative, strengthening balance sheet (very low debt, growing equity) and historically healthy profitability. The score is capped by uneven revenue momentum, a meaningful margin step-down in 2026, and cash-flow volatility culminating in zero free cash flow in 2026 with inconsistent cash conversion.
Income Statement
72PositiveBalance Sheet
88Very PositiveCash Flow
60Neutral| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.61M | 65.61M | 67.71M | 63.45M | 74.36M | 62.98M |
| Gross Profit | 9.43M | 9.43M | 12.66M | 12.81M | 10.99M | 9.30M |
| EBITDA | 6.26M | 6.26M | 8.70M | 8.59M | 7.63M | 6.76M |
| Net Income | 4.11M | 4.11M | 6.38M | 6.03M | 5.44M | 4.40M |
Balance Sheet | ||||||
| Total Assets | 18.08M | 18.08M | 18.17M | 17.27M | 15.36M | 12.97M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 10.56M | 9.65M | 12.11M | 10.58M | 10.01M |
| Total Debt | 66.24K | 66.24K | 445.89K | 1.35M | 2.42M | 148.57K |
| Total Liabilities | 6.42M | 6.42M | 6.60M | 7.85M | 7.75M | 5.54M |
| Stockholders Equity | 11.66M | 11.66M | 11.57M | 9.42M | 7.61M | 7.43M |
Cash Flow | ||||||
| Free Cash Flow | 2.77M | 0 | 2.41M | 6.42M | 6.18M | 7.47M |
| Operating Cash Flow | 5.07M | 5.07M | 2.68M | 6.46M | 6.19M | 7.49M |
| Investing Cash Flow | 238.83K | 238.83K | -264.83K | -35.77K | -76.45K | -59.22K |
| Financing Cash Flow | -4.40M | -4.40M | -4.87M | -4.90M | -5.54M | -4.03M |
Hitech Group Australia Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HIT, the sentiment is Positive. The current price of 1.09 is above the 20-day moving average (MA) of 1.07, above the 50-day MA of 1.09, and below the 200-day MA of 1.13, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HIT.
Hitech Group Australia Limited Peers Comparison
Overall Rating
AU:MND80Outperform
AU:ASH68Neutral
AU:HIT68Neutral
AU:SSM65Neutral
AU:CVL60Neutral
AU:SND46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 80Outperform | AUD 3.28B | 27.01 | 22.77% | 3.09% | 29.43% | 50.05% | |
| 68Neutral | AUD 41.60M | 6.50 | 17.94% | 9.11% | 16.72% | 186.09% | |
| 68Neutral | AUD 49.08M | 11.96 | 35.47% | 7.76% | -3.10% | -35.68% | |
| 65Neutral | AUD 1.54B | 22.87 | 10.95% | 3.06% | 1.02% | -4.09% | |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| 60Neutral | AUD 862.65M | 16.66 | 9.25% | 3.56% | 11.40% | 22.22% | |
| 46Neutral | AUD 105.24M | -91.57 | -1.51% | 1.32% | 42.47% | -144.81% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:HIT | Hitech Group Australia Limited | 1.09 | -0.44 | -28.76% | |
| AU:MND | Monadelphous Group Limited | 34.99 | 8.98 | 34.54% | |
| AU:SSM | Service Stream Limited | 2.08 | -0.07 | -3.44% | |
| AU:SND | Saunders International Limited | 0.76 | -0.01 | -1.30% | |
| AU:ASH | Ashley Services Group Ltd. | 0.28 | 0.08 | 40.00% | |
| AU:CVL | Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh | 1.69 | 0.37 | 27.75% |
Hitech Group Australia Limited Corporate Events
HiTech Group Admits Historic ASX Rule Breaches, Tightens Governance
HiTech Group Australia Limited has disclosed that it historically breached ASX Listing Rules 3.1 and 10.1 in relation to a July 2020 decision to write off a $638,000 interest-free loan to its chief executive officer used to exercise share options. Th...
Hitech Group Issues 400,000 Unquoted Options Under Employee Incentive Plan
Hitech Group Australia Limited has notified the market of the issuance of 400,000 unquoted zero exercise price options under its employee incentive scheme, with the options set to expire three years after their 23 September 2026 issue date. These unq...
HiTech Group Australia Publishes 2026 Annual Report
HiTech Group Australia Limited has released its Annual Report for 2026, outlining the company’s governance framework, financial performance and key corporate disclosures. The report includes the chairman’s commentary, directors’ statements and audite...
HiTech Group Files 2026 Governance Disclosures With ASX
HiTech Group Australia Limited has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, outlining where investors can find the company’s corporate governance statement. The statement is available both in the annual report an...
HiTech Group Issues 4 Million Shares in Institutional Placement
HiTech Group Australia Limited has issued 4,000,000 fully paid ordinary shares at A$1.00 per share as part of an institutional placement completed on 22 September 2026. The company confirmed the shares were issued without a prospectus under the Corpo...
Hitech Group Seeks ASX Quotation for 4 Million New Shares
Hitech Group Australia Limited has applied to the ASX for quotation of 4,000,000 new ordinary fully paid shares under the code HIT. The new securities are scheduled to be issued on 23 September 2026 and arise from transactions previously notified to...
HiTech Group names Nicole Walker CFO/COO to lead Hudson integration
HiTech Group Australia has appointed Nicole Walker as Group Chief Financial Officer and Chief Operating Officer, effective 5 October 2026, following its acquisition of key assets from Hudson Global Resources. Walker, an experienced M&A and corporate...
HiTech Group Plans Hudson Australia Acquisition Backed by Institutional Equity Raising
HiTech Group Australia Limited has announced a transformational acquisition of Hudson Global Resources Australia alongside an equity raising via a placement of new fully paid ordinary shares to institutional investors. The transaction is framed as a...
Hitech Group Australia Plans Equity Placement of 4 Million Shares
Hitech Group Australia Limited, listed on the ASX under the code HIT, is an Australian public company whose ordinary fully paid shares constitute its main listed securities. The company operates within the framework of ASX Listing Rules, managing its...
HiTech raises $4m to fund Hudson acquisition and bolster balance sheet
HiTech Group Australia has secured firm commitments for a $4 million equity placement to new institutional and professional investors, issuing four million shares at $1.00 each to expand its shareholder base. The funds will support working capital ne...
HiTech Group Seeks Trading Halt Ahead of Material Capital Raising
HiTech Group Australia Limited, an ASX-listed provider of technology-focused recruitment and professional services, supplies specialised IT staffing and consulting support to corporate and government clients in Australia. The company targets organisa...
HiTech Group Australia buys Hudson assets to build national workforce platform
HiTech Group Australia has completed the acquisition of selected operating assets, customer contracts and contractor books from Hudson Global Resources Australia, in a deal structured out of administration to limit exposure to historical liabilities....
HiTech Advances Hudson Asset Acquisition With Revised $7m Deal
HiTech Group Australia has signed a long-form Asset Sale Deed to acquire certain assets of Hudson Global Resources Australia, progressing a deal that strengthens its position in technology recruitment and professional services. The agreement revises...
ACCC Clears HiTech’s Acquisition of Hudson Global Resources Assets
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 202...
Hitech Group Australia Declares Interim Dividend for Half-Year to June 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 payment...
HiTech Group Balances Softer FY26 Earnings With Strong Cash, Contracts and Hudson Deal
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 compa...
HiTech Group Australia Posts Solid FY26 Profit and Declares Fully Franked Dividend
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 franked...
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.
Date of analysis: Sep 17, 2026
