First Tractor Company Limited (HKG:0038)

First Tractor Company Statistics

Total Valuation

HKG:0038 has a market cap or net worth of HKD 14.09 billion. The enterprise value is 12.05 billion.

Market Cap	14.09B
Enterprise Value	12.05B

Important Dates

The last earnings date was Thursday, March 26, 2026.

Earnings Date	Mar 26, 2026
Ex-Dividend Date	Sep 29, 2025

Share Statistics

HKG:0038 has 1.12 billion shares outstanding. The number of shares has increased by 0.01% in one year.

Current Share Class	391.94M
Shares Outstanding	1.12B
Shares Change (YoY)	+0.01%
Shares Change (QoQ)	+0.02%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	12.40%
Float	575.16M

Valuation Ratios

The trailing PE ratio is 10.93 and the forward PE ratio is 8.25.

PE Ratio	10.93
Forward PE	8.25
PS Ratio	1.17
PB Ratio	1.54
P/TBV Ratio	1.80
P/FCF Ratio	17.52
P/OCF Ratio	13.83
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.52, with an EV/FCF ratio of 14.98.

EV / Earnings	13.34
EV / Sales	1.00
EV / EBITDA	10.52
EV / EBIT	15.44
EV / FCF	14.98

Financial Position

The company has a current ratio of 1.36, with a Debt / Equity ratio of 0.06.

Current Ratio	1.36
Quick Ratio	0.57
Debt / Equity	0.06
Debt / EBITDA	0.44
Debt / FCF	0.63
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 10.74% and return on invested capital (ROIC) is 16.47%.

Return on Equity (ROE)	10.74%
Return on Assets (ROA)	2.94%
Return on Invested Capital (ROIC)	16.47%
Return on Capital Employed (ROCE)	7.78%
Weighted Average Cost of Capital (WACC)	10.34%
Revenue Per Employee	1.74M
Profits Per Employee	130,571
Employee Count	6,920
Asset Turnover	0.73
Inventory Turnover	7.28

Taxes

In the past 12 months, HKG:0038 has paid 85.07 million in taxes.

Income Tax	85.07M
Effective Tax Rate	8.16%

Stock Price Statistics

The stock price has increased by +29.46% in the last 52 weeks. The beta is 1.17, so HKG:0038's price volatility has been higher than the market average.

Beta (5Y)	1.17
52-Week Price Change	+29.46%
50-Day Moving Average	9.19
200-Day Moving Average	7.93
Relative Strength Index (RSI)	44.85
Average Volume (20 Days)	5,395,899

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, HKG:0038 had revenue of HKD 12.04 billion and earned 903.55 million in profits. Earnings per share was 0.80.

Revenue	12.04B
Gross Profit	1.82B
Operating Income	780.36M
Pretax Income	1.04B
Net Income	903.55M
EBITDA	1.10B
EBIT	780.36M
Earnings Per Share (EPS)	0.80

Balance Sheet

The company has 3.18 billion in cash and 504.58 million in debt, with a net cash position of 2.68 billion or 2.38 per share.

Cash & Cash Equivalents	3.18B
Total Debt	504.58M
Net Cash	2.68B
Net Cash Per Share	2.38
Equity (Book Value)	9.16B
Book Value Per Share	7.59
Working Capital	2.41B

Cash Flow

In the last 12 months, operating cash flow was 1.02 billion and capital expenditures -214.69 million, giving a free cash flow of 804.33 million.

Operating Cash Flow	1.02B
Capital Expenditures	-214.69M
Depreciation & Amortization	328.19M
Net Borrowing	179.71M
Free Cash Flow	804.33M
FCF Per Share	0.72

Margins

Gross margin is 15.15%, with operating and profit margins of 6.48% and 7.50%.

Gross Margin	15.15%
Operating Margin	6.48%
Pretax Margin	8.65%
Profit Margin	7.50%
EBITDA Margin	9.16%
EBIT Margin	6.48%
FCF Margin	6.68%

Dividends & Yields

This stock pays an annual dividend of 0.34, which amounts to a dividend yield of 3.86%.

Dividend Per Share	0.34
Dividend Yield	3.86%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	6
Payout Ratio	51.62%
Buyback Yield	-0.01%
Shareholder Yield	3.86%
Earnings Yield	6.41%
FCF Yield	5.71%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	5