Highway Holdings Five Year Return vs. Price to Earning

HIHO Stock

USD 2.13 0.03 1.43%

For Highway Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Highway Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Highway Holdings Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Highway Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Highway Holdings Limited over time as well as its relative position and ranking within its peers. Please check Risk vs Return Analysis.

As of 21st of March 2023, Sales per Share is likely to grow to 3.48, while Price to Sales Ratio is likely to drop 0.98. Highway Holdings Consolidated Income is very stable at the moment as compared to the past year. Highway Holdings reported last year Consolidated Income of 420,300. As of 21st of March 2023, Net Income is likely to grow to about 429.7 K, while Accumulated Other Comprehensive Income is likely to drop (279.9 K).

Highway Holdings Revenues

13.62 Million

Is Highway Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.83)

Dividend Share

0.25

Earnings Share

0.11

Revenue Per Share

2.85

Quarterly Revenue Growth

(0.14)

The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Highway Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Highway Holdings Price to Earning vs. Five Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Highway Holdings's current stock value. Our valuation model uses many indicators to compare Highway Holdings value to that of its competitors to determine the firm's financial worth.

Highway Holdings Limited is one of the top stocks in five year return category among related companies. It is rated # 2 in price to earning category among related companies reporting about 1.56 of Price to Earning per Five Year Return. Highway Holdings Price to Earnings Ratio are very stable at the moment as compared to the past year. Highway Holdings reported last year Price to Earnings Ratio of 23.07. As of 21st of March 2023, Earnings before Tax is likely to grow to about 538.2 K, while Earnings Before Interest Taxes and Depreciation Amortization EBITDA are likely to drop about 1.3 M.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Highway Holdings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Highway Holdings' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Highway Holdings' earnings, one of the primary drivers of an investment's value.

Highway Price to Earning vs. Five Year Return

Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Highway Holdings

Five Year Return

(Mean of Monthly Returns - 1)

100%

8.82 %

Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Highway Holdings

P/E

Market Value Per Share

Earnings Per Share

13.78 X

Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Highway Price to Earning Comparison

Highway Holdings is currently under evaluation in price to earning category among related companies.

Highway Holdings Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Highway Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Highway Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Highway Holdings' change in net profit over the period of time. It can combine multiple indicators of Highway Holdings, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.

	Last Reported	Projected for 2023
Accumulated Other Comprehensive Income	-272.7 K	-279.9 K
Consolidated Income	420.3 K	441.3 K
Net Income	398.7 K	429.7 K
Net Income Common Stock	398.7 K	429.7 K
Net Income to Non Controlling Interests	27.6 K	29.8 K
Operating Income	510.3 K	529.1 K
Income Tax Expense	90.9 K	108.5 K

Revenues Net Income

Highway Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Highway Holdings. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Highway Holdings position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Highway Holdings' important profitability drivers and their relationship over time.

Use Highway Holdings in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Highway Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Highway Holdings will appreciate offsetting losses from the drop in the long position's value.

Highway Holdings Pair Trading

Highway Holdings Limited Pair Trading Analysis

The ability to find closely correlated positions to Highway Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highway Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Highway Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Highway Holdings Limited to buy it.

The correlation of Highway Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Highway Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highway Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Highway Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Use Investing Themes to Complement your Highway Holdings position

In addition to having Highway Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Companies providing wireless technology and communication services. The Wireless theme has 45 constituents at this time.

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Please check Risk vs Return Analysis. Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Highway Stock analysis

When running Highway Holdings price analysis, check to measure Highway Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.

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To fully project Highway Holdings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Highway Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Highway Holdings' income statement, its balance sheet, and the statement of cash flows.

Potential Highway Holdings investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Highway Holdings investors may work on each financial statement separately, they are all related. The changes in Highway Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Highway Holdings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

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Highway Holdings Five Year Return vs. Price to Earning

Highway Holdings Revenues

13.62 Million

Highway Holdings Price to Earning vs. Five Year Return Fundamental Analysis

Highway Price to Earning vs. Five Year Return

Highway Price to Earning Comparison

Highway Holdings Profitability Projections

Highway Profitability Driver Comparison

Use Highway Holdings in pair-trading

Highway Holdings Pair Trading

Highway Holdings Limited Pair Trading Analysis

Use Investing Themes to Complement your Highway Holdings position

Did You Try This Idea?

Run Wireless Thematic Idea Now

Wireless

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