First Tractor Co., Ltd. Class A

First Tractor Co., Ltd. Class A

7.36
HKD
-0.23
(-3.10%)
0.88EPS
8.32P/E
16.16BMarket Cap
Oct 29Next Earn

Total Valuation

HKD

As of June 30, 2024, First Tractor Co., Ltd. Class H carries a market capitalization of 16.16B, placing it among publicly traded companies globally. Its enterprise value stands at 15.41B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap16.16B
Enterprise Value15.41B

Important Dates

First Tractor Co., Ltd. Class H's next confirmed earnings release is scheduled for October 29, 2026.

Earnings Date10/29/2026

Share Statistics

As of June 30, 2024, First Tractor Co., Ltd. Class H has 2.19B shares outstanding.

Shares Outstanding2.19B

Valuation Ratios

As of June 30, 2024, First Tractor Co., Ltd. Class H trades at a trailing price-to-earnings ratio of 8.32. The price-to-sales ratio is 0.79, and the price-to-book ratio stands at 2.08.

PE Ratio8.32
PS Ratio0.79
PB Ratio2.08
P/TBV Ratio2.30

Enterprise Valuation

As of June 30, 2024, First Tractor Co., Ltd. Class H trades at an EV/EBITDA multiple of 11.43 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 1.19 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 11.43 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 15.41B versus a market cap of 16.16B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales1.19
EV / EBITDA11.43
EV / EBIT11.43

Financial Position

As of June 30, 2024, First Tractor Co., Ltd. Class H maintains a current ratio of 1.09, meaning it holds 1.1x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 28.69, indicating elevated leverage, while an interest coverage ratio of 51.64 demonstrates strong ability to service its debt obligations.

Current Ratio1.09
Quick Ratio0.53
Debt / Equity28.69
Debt / EBITDA1.78
Interest Coverage51.64

Financial Efficiency

HKD

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class H posted a return on equity (ROE) of 16.76, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 12.14 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 7.92, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 12.19, useful for judging operating efficiency across full business cycles. The company generates approximately 1.87M in revenue per employee across its workforce of 6,954.50, a quick read on workforce productivity versus industry peers. Inventory turnover of 8.77 indicates how many times First Tractor Co., Ltd. Class H sells and replaces its inventory over a year, a key working capital efficiency ratio.

Return on Equity (ROE)16.76
Return on Assets (ROA)7.92
Return on Invested Capital (ROIC)12.14
Return on Capital Employed (ROCE)12.19
Revenue Per Employee1.87M
Employee Count6,954.50
Inventory Turnover8.77

Taxes

HKD

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class H recorded 127.68M in income tax expense. That works out to an effective tax rate of 9.41, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 1.36B, leaving 1.23B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax127.68M
Effective Tax Rate9.41

Stock Price Statistics

HKD

As of the close on October 22, 2026, First Tractor Co., Ltd. Class H's stock has declined approximately 3.86% over the past 52 weeks. The 50-day moving average sits at 8.75, while the 200-day moving average is 8.59.

52-Week Price Change-3.86%
50-Day Moving Average8.75
200-Day Moving Average8.59

Income Statement

HKD

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class H generated 12.99B in revenue and converted that into 1.23B in net income, yielding earnings per share of 0.88. EBITDA reached 1.35B, while operating income came in at 1.13B.

Revenue12.99B
Gross Profit2.16B
Operating Income1.13B
Pretax Income1.36B
Net Income1.23B
EBITDA1.35B
EBIT1.35B
Earnings Per Share (EPS)0.88

Balance Sheet

HKD

As of June 30, 2024, First Tractor Co., Ltd. Class H holds 3.72B in cash and equivalents against 2.39B in total debt, resulting in a net debt position of 683.80M. Total book value stands at 7.78B, with working capital of 656.14M providing operational flexibility.

Cash & Cash Equivalents3.72B
Total Debt2.39B
Net Debt683.80M
Equity (Book Value)7.78B
Book Value Per Share3.56
Working Capital656.14M

Cash Flow

HKD

These figures cover the twelve months ended June 30, 2024.

Capital Expenditures-133.73M

Margins

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class H posted a gross margin of 16.64, reflecting its pricing power and cost economics. The operating margin of 8.73 and net profit margin of 9.50 provide insight into operational efficiency.

Gross Margin16.64
Operating Margin8.73
Pretax Margin10.45
Profit Margin9.50
EBITDA Margin10.38

Dividends & Yields

HKD

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class H paid dividends of 0.29 per share. The dividend payout ratio of 32.97 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Total shareholder yield reaches 4.63, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to First Tractor Co., Ltd. Class H shareholders.

Dividend Per Share0.29
Payout Ratio32.97
Shareholder Yield4.63

Scores

As of June 30, 2024, First Tractor Co., Ltd. Class H has an Altman Z-Score of 2.72, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score2.72