Hitech Group Australia Limited (AU:HIT)
ASX:HIT
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HIT Stock Chart & Stats
AU$1.63
-AU$0.04(-2.06%)
At close: 4:00 PM EST
AU$1.63
-AU$0.04(-2.06%)
Day’s Range― - ―
52-Week RangeAU$0.80 - AU$2.02
Previous CloseN/A
Volume21.22K
Average Volume (3M)8.53K
Market Cap
AU$36.59M
Enterprise ValueAU$26.36M
Total Cash (Recent Filing)AU$10.49M
Total Debt (Recent Filing)AU$260.95K
Price to Earnings (P/E)8.4
Beta0.40
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield6.25%
Share Statistics
EPS (TTM)0.12
Shares Outstanding42,300,000
10 Day Avg. Volume2,690
30 Day Avg. Volume8,525
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)5.82
Price to Sales (P/S)0.99
P/FCF Ratio27.88
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
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthMinimal leverage (D/E ~0.04) and a strong equity base give Hitech durable financial flexibility to absorb demand cycles, pursue panel renewals, or fund working capital. A 55% ROE indicates efficient capital use, supporting sustained returns and capacity to finance growth or shareholder distributions over months.
Consistent Revenue And MarginsRecurring revenue expansion and mid‑teens EBIT margins reflect enduring demand for specialised ICT and engineering staffing services and disciplined pricing. Stable margins through cycles imply structural pricing power and cost control, underpinning predictable profitability over a 2–6 month horizon.
Solid Cash Generation RatioA near‑parity free cash flow to net income ratio (~0.90) shows the business historically converts reported profits into cash effectively, supporting investment, panel bidding and distributions. Even with short‑term FCF decline, the high ratio signals underlying cash generation capacity that's durable once working capital normalises.
Bears Say
Free Cash Flow DeclineA 45.6% contraction in free cash flow growth is a meaningful structural concern: it reduces internal finance for hiring, bidding on contracts, and dividends. If driven by working capital or payment timing, the strain can persist across quarters and limit strategic flexibility.
Weak Cash ConversionOperating cash flow equals only 43% of net income, indicating weaker earnings quality and possible receivables or billing timing issues common in staffing businesses. Persistent low conversion constrains liquidity, heightens the importance of balance sheet buffers, and makes earnings less reliable for planning.
Earnings VolatilityReported EPS fell roughly 27%, signalling material near‑term earnings pressure or one‑offs affecting profitability. Continued negative EPS trajectory would weaken reinvestment capacity, raise scrutiny over margin sustainability, and complicate management's ability to deliver steady returns to stakeholders.
Hitech Group Australia Limited News
HIT FAQ
What was Hitech Group Australia Limited’s price range in the past 12 months?
Hitech Group Australia Limited lowest share price was AU$0.80 and its highest was AU$2.02 in the past 12 months.
What is Hitech Group Australia Limited’s market cap?
Hitech Group Australia Limited’s market cap is AU$36.59M.
When is Hitech Group Australia Limited’s upcoming earnings report date?
Hitech Group Australia Limited’s upcoming earnings report date is Aug 06, 2026 which is in 76 days.
How were Hitech Group Australia Limited’s earnings last quarter?
Hitech Group Australia Limited released its earnings results on Feb 23, 2026. The company reported AU$0.048 earnings per share for the quarter, beating the consensus estimate of N/A by AU$0.048.
Is Hitech Group Australia Limited overvalued?
According to Wall Street analysts Hitech Group Australia Limited’s price is currently Overvalued.
Does Hitech Group Australia Limited pay dividends?
Hitech Group Australia Limited pays a Semiannually dividend of AU$0.05 which represents an annual dividend yield of 6.25%. See more information on Hitech Group Australia Limited dividends here
What is Hitech Group Australia Limited’s EPS estimate?
Hitech Group Australia Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Hitech Group Australia Limited have?
Hitech Group Australia Limited has 42,300,000 shares outstanding.
What happened to Hitech Group Australia Limited’s price movement after its last earnings report?
Hitech Group Australia Limited reported an EPS of AU$0.048 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -8.793%.
Which hedge fund is a major shareholder of Hitech Group Australia Limited?
Currently, no hedge funds are holding shares in AU:HIT
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
Hitech Group Australia Limited Stock Smart Score
Neutral
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.21%
12-Months-Change
Fundamentals
Return on Equity
43.16%
Trailing 12-Months
Asset Growth
4.92%
Trailing 12-Months
Company Description
Hitech Group Australia Limited
HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. The company also offers personnel services to other sectors, such as office administration, sales and marketing, and finance; and digital services to government departments to initiate and complete digital transformation projects. It serves telco, finance, healthcare, consulting, IT, and FMCG industries, as well as federal and state governments. HiTech Group Australia Limited was incorporated in 1993 and is based in Sydney, Australia.