First Tractor Co Ltd Class H (HK:0038)
:0038
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0038 Stock Chart & Stats
HK$8.91
HK$0.12(1.74%)
At close: 4:00 PM EST
HK$8.91
HK$0.12(1.74%)
Day’s Range― - ―
52-Week RangeHK$6.73 - HK$10.60
Previous CloseN/A
Volume1.67M
Average Volume (3M)3.45M
Market Cap
HK$13.81B
Enterprise ValueHK$12.56B
Total Cash (Recent Filing)HK$2.77B
Total Debt (Recent Filing)HK$2.27B
Price to Earnings (P/E)16.7
Beta0.50
Next Earnings
Sep 02, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend Yield4.49%
Share Statistics
EPS (TTM)0.74
Shares Outstanding391,940,000
10 Day Avg. Volume2,649,106
30 Day Avg. Volume3,447,492
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)1.10
Price to Sales (P/S)0.80
P/FCF Ratio10.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$13.00Price Target Upside45.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.82
Revenue Forecast (FY)HK$11.91B
Bulls Say, Bears Say
Bulls Say
Revenue ReboundA 65.3% TTM revenue rebound signals renewed demand and/or pricing restoration after weak 2025. This scale recovery supports better production utilization, stronger dealer/distributor orders and a firmer revenue base that can sustain margin recovery and investment over the next 2–6 months.
Manageable LeverageLower leverage (D/E ~0.28) and equity growth provide financial flexibility to fund working capital, capex or dividends without immediate refinancing stress. Improved balance-sheet capacity makes the business structurally more resilient to agricultural demand cyclicality and input cost swings.
Strong Free Cash FlowSizable positive FCF (~1.08B) with FCF roughly 0.85x net income indicates earnings convert well to cash. This enhances ability to fund maintenance capex, parts/service growth and shareholder distributions, underpinning durable capital allocation and reducing dependence on external funding.
Bears Say
Compressed Operating ProfitabilityA material drop in EBIT margin from 8.9% to 5.6% points to sustained margin pressure from cost inflation, mix shifts or pricing constraints. Persistently lower operating profitability limits internal funding for R&D, dealer support and may weaken competitive reinvestment over the medium term.
Cash Flow Volatility & Low CoverageDespite positive FCF, low coverage (~0.17) and historical volatility reduce the margin of safety for debt servicing, dividends and unexpected capex. In cyclical agricultural markets this leaves the company exposed to shocks that could force cutbacks or incremental borrowing.
Inconsistent Debt ReportingWide year-to-year swings in reported debt complicate assessment of leverage trends and raise governance or timing concerns. This inconsistency makes forecasting financing needs and renegotiating credit terms harder, increasing refinancing and liquidity risk over the medium term.
First Tractor Co News
0038 FAQ
What was First Tractor Co Ltd Class H’s price range in the past 12 months?
First Tractor Co Ltd Class H lowest stock price was HK$6.73 and its highest was HK$10.60 in the past 12 months.
What is First Tractor Co Ltd Class H’s market cap?
First Tractor Co Ltd Class H’s market cap is HK$13.81B.
When is First Tractor Co Ltd Class H’s upcoming earnings report date?
First Tractor Co Ltd Class H’s upcoming earnings report date is Sep 02, 2026 which is in 86 days.
How were First Tractor Co Ltd Class H’s earnings last quarter?
First Tractor Co Ltd Class H released its earnings results on Apr 28, 2026. The company reported HK$0.577 earnings per share for the quarter, beating the consensus estimate of HK$0.576 by HK$0.001.
Is First Tractor Co Ltd Class H overvalued?
According to Wall Street analysts First Tractor Co Ltd Class H’s price is currently Undervalued.
Does First Tractor Co Ltd Class H pay dividends?
First Tractor Co Ltd Class H pays a Quarterly dividend of HK$0.224 which represents an annual dividend yield of 4.49%. See more information on First Tractor Co Ltd Class H dividends here
What is First Tractor Co Ltd Class H’s EPS estimate?
First Tractor Co Ltd Class H’s EPS estimate is 0.25.
How many shares outstanding does First Tractor Co Ltd Class H have?
First Tractor Co Ltd Class H has 391,940,000 shares outstanding.
What happened to First Tractor Co Ltd Class H’s price movement after its last earnings report?
First Tractor Co Ltd Class H reported an EPS of HK$0.577 in its last earnings report, beating expectations of HK$0.576. Following the earnings report the stock price went up 1.5%.
Which hedge fund is a major shareholder of First Tractor Co Ltd Class H?
Currently, no hedge funds are holding shares in HK:0038
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
First Tractor Co Stock Smart Score
Outperform
1
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7
8
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10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$13.00 (45.90% Upside)
HK$13.00 (45.90% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.17%
12-Months-Change
Fundamentals
Return on Equity
10.76%
Trailing 12-Months
Asset Growth
11.88%
Trailing 12-Months
Company Description
First Tractor Co Ltd Class H
First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. It offers wheeled and crawler tractors, and its components, such as castings, forgings gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. The company also engages in the fund settlement; provision of financial services; and processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, it provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. The company was formerly known as First Tractor Works of China. First Tractor Company Limited was founded in 1955 and is based in Luoyang, China.
0038 Stock 12 Month Forecast
Average Price Target
HK$13.00
▲(45.90% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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