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Highway Holdings Limited (HIHO) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Highway Holdings Limited stock $0.30, price $0.83, that is 63.9% below the price, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials US · Based in Hong Kong · ISIN VGG4481U1066

HH Highway Holdings Limited logo Thin data Nov 7, 2026

Highway Holdings Limited

HIHO · US
Very expensive, weak quality

Our calculation puts a fair price 64% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +29%, profit +100%.
Fair value $0.3000 · Strongly overvalued
Quality 33/100
Weak Growth (revenue 5y −12.1 %/yr in USD)
Loss-making · -28.1% net margin (TTM)
Negative free cash flow
Trails peers (4/11)
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$3.64 $0.7127 Fair Value $0.3000 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range $0.7127 – $3.64 · fair‑value band $0.2000 – $0.3800 · the $0.8301 price screens above the $0.3000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

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.

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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.

Stock analysis

Highway Holdings Limited (HIHO) currently trades at $0.8301, while our model-based Fair Value estimate is $0.3000, 64% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the data coverage at low.

Scenario range: $0.2000 (bear) to $0.3800 (bull), the price of $0.8301 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Highway Holdings Limited reported revenue of $4.8M in FY2026 versus $12.4M in FY2022, a compound −21.0%/yr. Reported net income was −$1.5M in FY2026.

Key figures

Market cap $3.8M Micro · P/S ratio 0.65 · EPS (TTM) $−0.3200 · Net margin −28.1% · Return on equity −25.3% · Return on assets (EBIT) −6.3% (5-year average) · Operating margin 3.0% · Revenue (TTM) $5.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 50% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −64%, HIHO screens richer than that median.

Fair Value models

Bear $0.2000 Fair Value $0.3000 Bull $0.3800
Price $0.8301 · Downside -63.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) $0.1000 $0.1500 $0.1900 54
All 1 models by family
Asset-Based
NCAV (Graham) $0.1000 $0.1500 $0.1900 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 33/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 9
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 64
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 22
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−35.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−22.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.1%
Start year 2021 (pandemic). Over 10 years: −14.5% a year
Revenue growth 29 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−6.7% (2021) → −45.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

HIHO screens overvalued: fair value 64% below the price. Compare with ATI Inc →

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Peer Groupⓘ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.Metal Fabrication · 260 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −63.9% · Bottom 25%
Profitability
Return on assets −13.5% · Bottom 25%
Net margin (12 months) −28.1% · Bottom 25%
Operating margin (12 months) 3.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 29.2% · Top 25%
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiplesvs Metal Fabrication median · lower = cheaper

P/B 0.78× · Cheapest 25%
P/S (12 months) 0.72× · Cheaper than median
PEG 20.56× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 68
PAST (return on equity)0 · sector 24
HEALTH (low debt)96 · sector 95
DIVIDEND (yield)0 · sector 25

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China International Marine Containers (Group) Co 000039 ¥9.57 ¥13.02 +36% vs HIHO
Commercial Metals Company CMC $62.28 $83.04 +33% vs HIHO
Mueller Industries, Inc MLI $52.96 $50.63 −4% vs HIHO
ESAB Corporation ESAB $82.83 $56.91 −31% vs HIHO
Western Superconducting Technologies Co 688122 ¥43.25 ¥26.76 −38% vs HIHO
Carpenter Technology Corporation CRS $278.31 $140.03 −50% vs HIHO
SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD researches, 601399 ¥3.08 ¥1.42 −54% vs HIHO
ATI Inc ATI $175.79 $46.69 −73% vs HIHO
Bharat Forge Limited BHARATFORG ₹1,740 ₹390.35 −78% vs HIHO
JL Mag Rare-Earth Co 300748 ¥24.10 ¥5.06 −79% vs HIHO

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Highway Holdings Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Highway Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/HIHO

Frequently asked questions

Is Highway Holdings Limited (HIHO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $0.3000 versus a price of $0.8301, about 64% lower (overvalued).
What is the fair value of HIHO?
Our model-based fair value for Highway Holdings Limited is $0.3000 (as of Nov 7, 2026), built from audited fundamentals. The current price: $0.8301.
What is the quality score of HIHO?
Highway Holdings Limited has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Highway Holdings Limited (HIHO)?
Our model-based price target is the fair value of $0.3000 (as of Nov 7, 2026) from 1 valuation models. Cautious scenario $0.2000, optimistic scenario $0.3800. It is a calculation from audited fundamentals, not an analyst target.
What is the Highway Holdings Limited stock forecast for 2026?
Our models put fair value at $0.3000, about 64% lower versus a price of $0.8301 (overvalued). Cautious scenario $0.2000, optimistic scenario $0.3800. The calculation is refreshed regularly with new filings.
What is the revenue of Highway Holdings Limited (HIHO)?
Highway Holdings Limited reported trailing-twelve-month revenue of about $5.3M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Highway Holdings Limited (HIHO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Highway Holdings Limited it is $0.3000 per share (as of Nov 7, 2026), against a price of $0.8301. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Highway Holdings Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, HIHO trades above its calculated fair value: price $0.8301, fair value $0.3000, a gap of about −64% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HIHO?
No. The price is what the market pays today ($0.8301); the fair value is what the company's own numbers justify ($0.3000). For Highway Holdings Limited the two are $0.5301 per share apart. That gap is exactly why we show both numbers side by side.
How much is Highway Holdings Limited worth?
The market values Highway Holdings Limited at about $3.8M (market capitalisation, as of Nov 7, 2026). Per share that is $0.8301; our models calculate a fair value of $0.3000 per share.
What do the bullish and bearish scenarios say about HIHO?
Our models span a range for Highway Holdings Limited: cautious scenario $0.2000, base $0.3000, optimistic $0.3800 per share (as of Nov 7, 2026, price $0.8301). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HIHO?
The PEG ratio of Highway Holdings Limited is 20.56 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Highway Holdings Limited (HIHO)?
Balance-sheet figures for Highway Holdings Limited (as of Nov 7, 2026): return on equity −25.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is HIHO from its 52-week high?
Highway Holdings Limited trades at $0.8301, about 50% below its 52-week high of $1.66 and 16% above the low of $0.7127 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3000 is for.
Which stocks are comparable to Highway Holdings Limited?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Highway Holdings Limited stock attractive at the current price?
The data as of Nov 7, 2026: price $0.8301, calculated fair value $0.3000 (−64%), Quality Score 33/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HIHO calculated?
We run Highway Holdings Limited through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $0.3000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Highway Holdings Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Highway Holdings Limited (HIHO)?
The closing price on Nov 6, 2026 was $0.8301. Our model-based fair value is $0.3000, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Highway Holdings Limited right now?
The price sits above even our optimistic bull case ($0.3800). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.2000 to $0.3800) leaves room in how you read the outcome.

Key figures of Highway Holdings Limited

How large is the market capitalisation of Highway Holdings Limited (HIHO)?
The market capitalisation of Highway Holdings Limited is $3.8M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Highway Holdings Limited (HIHO)?
The price-to-sales ratio of Highway Holdings Limited is 0.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Highway Holdings Limited (HIHO)?
Earnings per share at Highway Holdings Limited are $−0.3200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Highway Holdings Limited (HIHO)?
The net margin of Highway Holdings Limited is −28.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Highway Holdings Limited (HIHO)?
The return on equity (ROE) of Highway Holdings Limited is −25.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Highway Holdings Limited (HIHO)?
On an EBIT basis the return on assets of Highway Holdings Limited is −6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Highway Holdings Limited (HIHO)?
The operating margin of Highway Holdings Limited is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Highway Holdings Limited (HIHO)?
Revenue at Highway Holdings Limited is growing +29.2% versus a year earlier (3y avg −22.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Highway Holdings Limited (HIHO)?
Earnings per share at Highway Holdings Limited are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Highway Holdings Limited (HIHO) generate?
The free cash flow of Highway Holdings Limited is −$1.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Highway Holdings Limited (HIHO) hold?
Highway Holdings Limited holds more cash than debt, $1.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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