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$12.80B
Enterprise ValueHK$12.56B
Total Cash (Recent Filing)HK$2.77B
Total Debt (Recent Filing)HK$2.27B
Price to Earnings (P/E)15.4
Beta0.51
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 Rebound And Demand RecoveryA sharp TTM revenue rebound (+65.3%) signals a sustained pickup in end-market demand or pricing power, improving top-line momentum. Over the next 2–6 months this underpins capacity utilization, dealer inventory recovery and revenue visibility versus the prior weak year.
Manageable Leverage And Improving Balance SheetLower TTM debt-to-equity (~0.28) and growing equity reduce financial risk and raise flexibility for capex or cyclical downturns. Improved leverage plus a mid-teens ROE history supports durable credit capacity and the ability to fund product investment or dividends over months ahead.
Strong Free Cash Flow ConversionMaterial positive FCF (~1.08B) with high conversion (~0.85x of net income) shows earnings translate into cash. That durable cash generation supports dividends, working-capital needs and selective reinvestment, improving resilience over the medium term despite cyclical end markets.
Bears Say
Operating Margin CompressionA meaningful fall in operating profitability versus 2023 indicates structural margin pressure from costs, mix or pricing. Sustained lower EBIT margins reduce reinvestment capacity and ROIC, making earnings more sensitive to input cost swings and weaker demand over the next several quarters.
Volatile Operating Cash Flow And Low CoverageDespite positive FCF, historically volatile operating cash flow and low coverage (~0.17) constrain the firm's ability to consistently fund capex, working capital and distributions. This variability raises execution and refinancing risk across industry cycles.
Inconsistent Reported Debt LevelsLarge year-to-year swings in reported debt reduce confidence in balance-sheet stability and cloud leverage assessment. That inconsistency complicates planning for creditors and investors and increases the risk of unexpected funding or covenant pressure in 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$12.80B.
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 83 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
Neutral
1
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3
4
5
6
7
8
9
10
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 (0038.HK) is a global enterprise specializing in the development, manufacturing, and distribution of agricultural and power machinery, along with their essential spare parts. The company's operations are structured across three primary segments: Agricultural Machinery, Power Machinery, and Finance. Its product portfolio includes a comprehensive range of wheeled and crawler tractors, as well as critical components such as castings, forgings, gears, gearboxes, and various covers. The Power Machinery segment focuses on off-road diesel engines and related accessory parts, including fuel injection pumps and fuel injectors. The company also undertakes the processing and sale of raw, semi-finished, and finished casting and forging products. Beyond its industrial activities, First Tractor maintains a robust financial services arm. This division facilitates fund settlement and offers a broad spectrum of financial solutions. These include providing loans, finance leases, bill acceptance and discounting, and entrusted loans to its member companies. It also engages in equity and portfolio investments in approved financial institutions. Furthermore, the company extends consumer credit services, buyer's credit, and finance leases specifically for products manufactured by its member companies, alongside inter-bank borrowing and lending. Established in 1955, the company was formerly known as First Tractor Works of China and is headquartered 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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