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Hitech Group Australia Limited (AU:HIT)
ASX:HIT
Australian Market
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Hitech Group Australia Limited (HIT) AI Stock Analysis

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AU:HIT

Hitech Group Australia Limited

(Sydney:HIT)

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Outperform 71 (OpenAI - 5.2)
Rating:71Outperform
Price Target:
AU$1.00
▼(-38.65% Downside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by solid financial performance (strong profitability and balance sheet strength), supported by favorable valuation (low P/E and high dividend yield). These positives are partially offset by weak technicals, with the stock trading below key moving averages and a negative MACD indicating a downtrend.
Positive Factors
Balance Sheet Strength
Very low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing risk, supports bid capacity for government panels, and allows the company to absorb contract timing swings or invest selectively without relying on external debt, aiding multi-month resilience.
Negative Factors
Weak Free Cash Flow Trend
A sharp drop in free cash flow growth and only 43% conversion of net income into operating cash flow reduce internal funding capacity. Over several months this can constrain working capital for payroll and bid financing, and limits flexibility to expand or smooth seasonality without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing risk, supports bid capacity for government panels, and allows the company to absorb contract timing swings or invest selectively without relying on external debt, aiding multi-month resilience.
Read all positive factors

Hitech Group Australia Limited (HIT) vs. iShares MSCI Australia ETF (EWA)

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 throughou...
How the Company Makes Money
HIT makes money mainly by supplying skilled professionals to clients on a contract (labour-hire) and recruitment basis. Under its contracting model, the company sources, screens, and places ICT and engineering specialists into client roles and bil...

Hitech Group Australia Limited Financial Statement Overview

Summary
Strong overall financial health supported by consistent revenue growth and healthy profitability, plus a robust balance sheet with very low leverage and high ROE. The main offset is weaker cash flow trends, including a sharp decline in free cash flow growth and only moderate conversion of net income into operating cash flow.
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue66.69M67.71M63.45M74.36M62.98M42.05M
Gross Profit10.59M12.66M12.81M10.99M9.30M7.06M
EBITDA7.66M8.70M8.59M7.63M6.76M5.21M
Net Income4.98M6.38M6.03M5.44M4.40M3.64M
Balance Sheet
Total Assets17.75M18.17M17.27M15.36M12.97M11.10M
Cash, Cash Equivalents and Short-Term Investments10.49M9.65M12.11M10.58M10.01M6.61M
Total Debt260.95K445.89K1.35M2.42M148.57K250.47K
Total Liabilities6.26M6.60M7.85M7.75M5.54M4.79M
Stockholders Equity11.49M11.57M9.42M7.61M7.43M6.32M
Cash Flow
Free Cash Flow5.47M2.41M6.42M6.18M7.47M2.68M
Operating Cash Flow5.49M2.68M6.46M6.19M7.49M2.88M
Investing Cash Flow158.42K-264.83K-35.77K-76.45K-59.22K-225.64K
Financing Cash Flow-4.87M-4.87M-4.90M-5.54M-4.03M-3.65M

Hitech Group Australia Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.63
Price Trends
50DMA
1.00
Negative
100DMA
1.26
Negative
200DMA
1.47
Negative
Market Momentum
MACD
-0.01
Negative
RSI
47.27
Neutral
STOCH
25.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HIT, the sentiment is Negative. The current price of 1.63 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 1.00, and above the 200-day MA of 1.47, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.27 is Neutral, neither overbought nor oversold. The STOCH value of 25.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HIT.

Hitech Group Australia Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
AU$39.76M7.9943.16%6.25%4.39%-26.91%
64
Neutral
AU$37.89M9.6911.53%5.20%4.90%73.03%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
51
Neutral
AU$71.14M-8.30-6.36%-19.61%-81.96%
43
Neutral
AU$10.66M-2.56146.06%75.30%-5.92%
40
Underperform
AU$5.27M-3.27-247.24%-0.17%-38.60%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:HIT
Hitech Group Australia Limited
0.94
-0.64
-40.66%
AU:AD1
AD1 Holdings Ltd
0.03
-0.02
-39.13%
AU:HMI
Hiremii Ltd.
0.03
-0.02
-43.18%
AU:PPE
Peoplein Limited
0.65
0.01
1.56%
AU:ASH
Ashley Services Group Ltd.
0.26
0.09
53.61%
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.Date of analysis: May 13, 2026