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$6.27 - HK$10.60
Previous CloseN/A
Volume1.67M
Average Volume (3M)3.45M
Market Cap
HK$14.38B
Enterprise ValueHK$12.97B
Total Cash (Recent Filing)HK$2.77B
Total Debt (Recent Filing)HK$2.27B
Price to Earnings (P/E)3.7
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$12.00B
Bulls Say, Bears Say
Bulls Say
Revenue ReboundA 65.3% TTM revenue rebound indicates a durable recovery in end-market demand for tractors and parts. Sustained top-line growth enhances operating scale, supports dealer/distribution economics and after-sales penetration, and creates a stronger base for reinvestment and product development over months.
Manageable LeverageLower leverage (D/E ~0.28 versus ~0.40 prior) and equity growth point to a conservative capital structure. Improved solvency increases financial flexibility to fund capex, R&D or absorb agricultural cyclicality, reducing refinancing risk and supporting medium-term strategic moves.
Positive Free Cash FlowTTM FCF of ~1.08B, up 25.3% YoY, with FCF about 0.85x net income, shows earnings are translating into cash. Consistent cash conversion supports dividends, working-capital needs and selective reinvestment, lowering dependency on external funding across the medium term.
Bears Say
Compressed Operating MarginsEBIT margin decline from ~8.9% to ~5.6% TTM suggests sustained margin pressure from cost inflation, adverse product mix, or limited pricing power. Lower operating profitability constrains internally generated funds for capex and innovation and can depress longer-term ROE if not reversed.
Volatile Operating Cash Flow & Low CoverageHistoric volatility in operating cash flow (very strong in 2022, weaker in 2021/2025) and low cash coverage (TTM ~0.17) reduce predictability of funds available for investment or debt service. This makes sustaining dividends, capex, or rapid strategic moves riskier during downturns.
Inconsistent Reported Debt LevelsSignificant year-to-year swings in reported debt undermine confidence in balance-sheet reliability and forecasting. Such inconsistency can reflect working-capital swings or accounting variability, complicating lender assessments and strategic planning over 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$6.27 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$14.38B.
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 105 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$0.075 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 1.494%.
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$13.00 (45.90% Upside)
HK$13.00 (45.90% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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 engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. It offers wheeled and crawler tractors, and its components, such as castings, forgings gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. The company also engages in the fund settlement; provision of financial services; and processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, it provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. The company was formerly known as First Tractor Works of China. First Tractor Company Limited was founded in 1955 and is based 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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