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Highway Holdings
(NASDAQ:HIHO)
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Rating:45Neutral
Price Target:
$0.98
▲(8.33% Upside)
Action:Reiterated
Date:08/01/26
HIHO’s score is primarily weighed down by weak financial performance: sharply declining revenue, significant 2026 losses, rising debt, and negative operating/free cash flow. Technicals are mixed with the stock below key short- and long-term moving averages (offset slightly by being above the 50- and 100-day averages), while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Majority-owned energy storage joint venture
The majority stake gives HIHO control of a new energy-storage platform with exclusive rights in several international markets. Product sales, distribution, SKD manufacturing and services could diversify revenue and improve factory utilization over time.
Negative Factors
Sharp revenue decline and renewed losses
The multi-year revenue contraction and latest loss indicate weak demand, poor operating leverage and limited earnings resilience. Until volumes recover or costs are structurally reduced, the smaller revenue base may constrain investment and make profitability harder to restore.
Read all positive and negative factors
Positive Factors
Negative Factors
Majority-owned energy storage joint venture
The majority stake gives HIHO control of a new energy-storage platform with exclusive rights in several international markets. Product sales, distribution, SKD manufacturing and services could diversify revenue and improve factory utilization over time.
Read all positive factors
Highway Holdings (HIHO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.26M
Dividend Yield5.49%
Average Volume (3M)123.80K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth-25.75%
EPS Growth-2160.65%
CountryUS
Employees147
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.32
Shares Outstanding4,626,676
10 Day Avg. Volume26,158
30 Day Avg. Volume123,797
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.72
P/FCF Ratio-2.29
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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
Highway Holdings Business Overview & Revenue Model
Company Description
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 ele...
How the Company Makes Money
Highway Holdings makes money primarily by providing contract manufacturing services to corporate customers and recognizing revenue from the sale of manufactured parts and assembled products. Its key revenue streams typically include: (1) manufactu...
Highway Holdings Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.80M | 7.41M | 6.32M | 10.24M | 12.37M |
| Gross Profit | 1.37M | 2.47M | 1.71M | 3.14M | 3.77M |
| EBITDA | -1.46M | 756.00K | -381.00K | 828.00K | 1.67M |
| Net Income | -1.52M | 106.00K | -959.00K | -294.00K | 443.00K |
Balance Sheet | |||||
| Total Assets | 11.32M | 9.55M | 11.32M | 13.88M | 14.86M |
| Cash, Cash Equivalents and Short-Term Investments | 4.41M | 6.18M | 6.60M | 7.01M | 7.38M |
| Total Debt | 3.15M | 810.00K | 1.39M | 2.06M | 1.20M |
| Total Liabilities | 5.88M | 3.29M | 4.68M | 5.67M | 5.59M |
| Stockholders Equity | 4.89M | 6.27M | 6.64M | 8.20M | 9.27M |
Cash Flow | |||||
| Free Cash Flow | -1.51M | -461.00K | 297.00K | 717.00K | -298.00K |
| Operating Cash Flow | -1.41M | -360.00K | 415.00K | 809.00K | -164.00K |
| Investing Cash Flow | -109.00K | 232.00K | -102.00K | 991.00K | -1.20M |
| Financing Cash Flow | -25.00K | -492.00K | -557.00K | -920.00K | -549.00K |
Highway Holdings Technical Analysis
Positive
0.90
Price Trends
0.93
Negative
0.84
Positive
0.91
Positive
Market Momentum
-0.02
Positive
47.60
Neutral
74.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIHO, the sentiment is Positive. The current price of 0.9 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 0.93, and below the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.60 is Neutral, neither overbought nor oversold. The STOCH value of 74.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HIHO.
Highway Holdings Risk Analysis
Highway Holdings disclosed 33 risk factors in its most recent earnings report. Highway Holdings reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Highway Holdings Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | $179.32M | -2.98 | -152.73% | 2.14% | 3.27% | -1069.57% | |
49 Neutral | $58.58M | -46.25 | -15.08% | ― | -0.19% | 38.34% | |
45 Neutral | $4.26M | -2.83 | -27.18% | 5.49% | -25.75% | -2160.65% | |
41 Neutral | $7.88M | -0.02 | -4.23% | ― | 406.85% | 58.48% |
* General Sector Average
HIHO
Highway Holdings
0.91
-0.76
-45.51%
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Highway Holdings Corporate Events
Highway Holdings Forms Majority-Owned Energy Storage Joint Venture with Huahu to Enter Global BESS Market
Aug 11, 2026
On August 10, 2026, Highway Holdings Limited announced it had signed a master agreement to form Huahu International New Energy Technology Company Limited, a majority-owned Hong Kong joint venture with Guangdong Huahu New Energy Technology Co., Ltd...
Highway Holdings Adjusts Record Date for US$0.05 Dividend Amid Confidence in Financial Position
Jul 30, 2026
On July 27, 2026, Highway Holdings declared a cash dividend of US$0.05 per common share, signaling management’s view that the company’s financial position has strengthened and that it has reached an inflection point in creating long-te...
Highway Holdings Signs LOI for Majority-Owned Energy Storage Venture with Huahu
Jul 24, 2026
On July 22, 2026, Highway Holdings Limited announced it had signed a non-binding letter of intent with Guangdong Huahu New Energy Technology Co., Ltd., a China-based maker of Wowtiger-branded battery energy storage systems, to form a majority-owne...
Highway Holdings Posts 2026 Loss as Myanmar Disruption Spurs Strategic Pivot
Jul 17, 2026
Highway Holdings Limited is an international manufacturer of high-quality parts and products for blue-chip equipment makers, serving primarily German customers. The company is headquartered in Hong Kong with manufacturing facilities in Germany, Ya...
Highway Holdings Announces Resignations of Two Board Directors
Jun 4, 2026
Highway Holdings Limited, a Hong Kong-based foreign private issuer listed in the U.S., operates under the Securities Exchange Act framework and files its annual reports on Form 20-F. The company maintains its principal executive offices in Sheung ...
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.