Highway Holdings (HIHO) Fair Value & Analysis

Industrials · US · Market cap $3.7M

A solid business, but screening 13% overvalued on our models.

What matters now

• Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from $0.7200 (bear) to $1.20 (bull), base $0.9600. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 58/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $0.7150 – $3.64 · fair‑value band $0.7200 – $1.20 · the $1.10 price screens above the $0.9600 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Highway Holdings (HIHO) currently trades at $1.10, while our model-based Fair Value estimate is $0.9600, implying the stock looks roughly 12.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Highway Holdings generated revenue of $5.4M at a net margin of -13.8%. Revenue declined 40.5% year over year. It earns a return on equity of -12.3%. The balance sheet holds a net cash position of $5.2M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $0.7200 (bear case) to $1.20 (bull case); at $1.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 83% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -13%, HIHO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models ($2.45) versus Earnings-Based ($0.1900). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Highway Holdings Limited, together with its subsidiaries, manufactures and sells metal, plastic, electric, and electronic parts and components, subassemblies, and finished products in Hong Kong, China, Europe, and North America. The company operates through two segments, Metal Stamping and Mechanical Original Equipment Manufacturer (OEM), and Electric OEM.

Full company description

Highway Holdings Limited, together with its subsidiaries, manufactures and sells metal, plastic, electric, and electronic parts and components, subassemblies, and finished products in Hong Kong, China, Europe, and North America. The company operates through two segments, Metal Stamping and Mechanical Original Equipment Manufacturer (OEM), and Electric OEM. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. The company also provides assistance in the design and development of the tooling used in the metal and plastic manufacturing process; manufacturing services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards; and engineering services. In addition, it engages in the trade of plastic injection products; and manufacture and assembly of metal, plastics, mold and electronic products, and automation equipment. The company offers its products to OEMs and contract manufacturers. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Highway Holdings reported revenue of $7.4M in FY2025 versus $9.2M in FY2021, a compound −5.2%/yr. Reported net income was $106K in FY2025.

HIHO screens 13% overvalued. Compare with Carpenter Technology Corporation →

Peer Group

Metal Fabrication · 244 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Metal Fabrication median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.