ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is First Tractor Co., Ltd. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 28.14
2
Healthy long term growth as Operating profit has grown by an annual rate 45.48%
3
The company declared very negative results in Dec'23 after flat results in Sep'23
- PAT(Q) At HKD -124 MM has Fallen at -147.0 %
- ROCE(HY) Lowest at 13.23 %
- INVENTORY TURNOVER RATIO(HY) Lowest at 7.67 times
4
With ROE of 10.77%, it has a Very Expensive valuation with a 0.35 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 19.84%, its profits have fallen by -22.4%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to First Tractor Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Automobiles should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is First Tractor Co., Ltd. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
First Tractor Co., Ltd.
19.84%
0.18
37.82%
Hang Seng Hong Kong
27.36%
1.06
25.88%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.34%
EBIT Growth (5y)
45.48%
EBIT to Interest (avg)
28.14
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.20
Sales to Capital Employed (avg)
1.29
Tax Ratio
11.92%
Dividend Payout Ratio
36.42%
Pledged Shares
0
Institutional Holding
0.03%
ROCE (avg)
11.25%
ROE (avg)
11.07%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
3
Industry P/E
Price to Book Value
0.35
EV to EBIT
2.04
EV to EBITDA
1.42
EV to Capital Employed
0.19
EV to Sales
0.10
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
9.29%
ROE (Latest)
10.77%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend
Not enough Data to analyse Financial Trend
Not enough Data to analyse Financial Trend
Here's what is not working for First Tractor Co., Ltd.
Net Sales - Quarterly
At HKD 1,374 MM has Fallen at -60.4 %
over average Net Sales of the previous four periods of HKD 3,467 MMMOJO Watch
Near term sales trend is very negative
Net Sales (HKD MM)
Profit Before Tax less Other Income (PBT) - Quarterly
At HKD -281 MM has Fallen at -232.6 %
over average PBT of the previous four periods of HKD 212 MMMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (HKD MM)
Profit After Tax (PAT) - Quarterly
At HKD -124 MM has Fallen at -147.0 %
over average PAT of the previous four periods of HKD 263 MMMOJO Watch
Near term PAT trend is very negative
PAT (HKD MM)
Net Sales - Quarterly
Lowest at HKD 1,374 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (HKD MM)
Operating Profit (PBDIT) - Quarterly
Lowest at HKD -175 MM.
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (HKD MM)
Operating Profit Margin - Quarterly
Lowest at -12.74%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales (HKD MM)
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at HKD -281 MM.
in the last five periodsMOJO Watch
Near term PBT trend is negative
PBT less Other Income (HKD MM)
Inventory Turnover Ratio- Half Yearly
Lowest at 7.67 times
in the last five half yearly periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Non Operating Income - Quarterly
Highest at HKD 95 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income (HKD MM)
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