Want to see HK:0038 full AI Analyst Report?

First Tractor Co (0038) Price & Analysis

2 Followers

0038 Stock Chart & Stats

HK$8.99

HK$0.01(0.11%)

At close: Jul 27 4:00 PM EDT

HK$8.99

HK$0.01(0.11%)

Day’s Range― - ―

52-Week RangeHK$6.33 - HK$10.60

Previous CloseN/A

Volume2.01M

Average Volume (3M)3.45M

Market Cap

HK$14.51B

Enterprise ValueHK$9.45K

Total Cash (Recent Filing)HK$2.77B

Total Debt (Recent Filing)HK$2.27B

Price to Earnings (P/E)18.0

Beta0.61

Next Earnings

Aug 26, 2026

EPS Estimate

0.25

Next Dividend Ex-DateN/A

Dividend Yield3.44%

Share Statistics

EPS (TTM)0.75

Shares Outstanding391,940,000

10 Day Avg. Volume2,649,106

30 Day Avg. Volume3,447,492

Financial Highlights & Ratios

PEG Ratio-0.86

Price to Book (P/B)1.10

Price to Sales (P/S)0.78

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 TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)0.82

Revenue Forecast (FY)HK$12.09B

Bulls Say, Bears Say

Bulls Say

Revenue Recovery & Cash GenerationTTM revenue rebound of +65.3% alongside rising free cash flow indicates a durable demand recovery and improved cash conversion. That strengthens financial flexibility to fund R&D, dealer/service networks, dividends or debt reduction and reduces operating-leverage risk over the medium term.

Manageable Leverage & Solid ROEA low TTM debt-to-equity (~0.28) combined with growing equity and a mid-teens-to-low-double-digit ROE level suggests conservative capital structure and reasonable returns. This supports resilience to cyclicality, room for strategic investment, and lower bankruptcy risk over the next several quarters.

Integrated Agri Equipment FranchiseOwning product development, manufacturing and after-sales creates structural advantages: better product control, captive aftermarket/service revenue and closer dealer relationships. These factors support sticky revenue and competitive positioning as agricultural mechanization trends continue.

Bears Say

Margin CompressionEBIT margin decline from ~8.9% to ~5.6% indicates rising cost pressure or weaker pricing power. Sustained margin compression would limit internal funding for capex and the dealer/service network, reduce free cash flow cushions, and make returns more sensitive to cyclical downturns.

Cash-flow Volatility & Low CoveragePositive FCF is encouraging, but persistent volatility and very low coverage (~0.17) raise risk that the company may need external funds for significant capex, inventory swings or to smooth dividends. This reduces predictability of capital allocation over the medium term.

Inconsistent Reported Debt LevelsLarge year-to-year swings in reported debt undermine confidence in balance-sheet consistency and suggest episodic financing or working-capital swings. That unpredictability increases refinancing and planning risk and complicates assessments of long-term leverage strategy.

First Tractor Co News

First Tractor Gains Strong Shareholder Backing at 2026 Extraordinary Meetings

First Tractor Co ( ($HK:0038) ) just unveiled an announcement. First Tractor Company Limited reported that all resolutions...

8d ago

First Tractor Seeks Mandate for 10% H-Share Buyback at 2026 EGM

First Tractor Co ( ($HK:0038) ) has shared an announcement. First Tractor Company Limited has called its first...

28d ago

First Tractor Seeks Mandate for 10% H-Share Buyback at 2026 Class Meeting

First Tractor Co ( ($HK:0038) ) has issued an update. First Tractor Company Limited has called a 2026...

28d ago

First Tractor Secures Full Shareholder Approval at 2025 AGM

First Tractor Co ( ($HK:0038) ) has issued an update. First Tractor Company Limited reported that all resolutions...

2M ago

First Tractor Sets 2025 Final Dividend and Details Payout Terms for H-Share Holders

First Tractor Co ( ($HK:0038) ) has shared an update. First Tractor Company Limited has confirmed its final...

2M ago

First Tractor Updates Final 2025 Dividend Terms and Tax Treatment

An announcement from First Tractor Co ( ($HK:0038) ) is now available. First Tractor Company Limited has updated...

2M ago

First Tractor to Acquire 39% Stake in Connected Target Company

First Tractor Co ( ($HK:0038) ) has issued an update. First Tractor Co. has agreed to acquire a...

3M ago

First Tractor Sets 2025 AGM to Approve Results, Profit Plan and Governance Measures

An update from First Tractor Co ( ($HK:0038) ) is now available. First Tractor Company Limited has convened...

3M ago

First Tractor Updates Final 2025 Dividend Timetable and Key Dates

First Tractor Co ( ($HK:0038) ) has shared an update. First Tractor Company Limited has declared a final...

3M ago

First Tractor to Brief Investors on 2025 Results and Q1 2026 Performance

First Tractor Co ( ($HK:0038) ) just unveiled an update. First Tractor Company Limited will host a results...

3M ago

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$6.33 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$14.51B.

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 Aug 26, 2026 which is in 14 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$0.58 earnings per share for the quarter, missing the consensus estimate of HK$0.602 by -HK$0.022.

Is First Tractor Co Ltd Class H overvalued?

According to Wall Street analysts First Tractor Co Ltd Class H’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does First Tractor Co Ltd Class H pay dividends?

First Tractor Co Ltd Class H pays a Semiannually dividend of HK$0.224 which represents an annual dividend yield of 3.44%. 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$0.58 in its last earnings report, missing expectations of HK$0.602. 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

Neutral

Technicals

Fundamentals

Return on Equity

3.44%

Trailing 12-Months

Asset Growth

11.88%

Trailing 12-Months

Top Smart Score Stocks >

Company Description

First Tractor Co Ltd Class H

First Tractor Co (0038) is a Hong Kong–listed company primarily engaged in the manufacture and sale of agricultural and related machinery, with tractor products as a core offering. The company operates across the agricultural equipment value chain, including production and distribution of machinery and components. null