Stock fact sheet · data as of
Highway Holdings Limited (HIHO): fair value, margin of safety and Wheel Score
Industrials · Manufacturing - Metal Fabrication · Hong Kong SAR China · Speculative / Distressed
Is HIHO undervalued?
HIHO closed at 0.8183 on 16 Oct 2026, 10% below the GLS average fair value of 0.9116 from 2 models (1 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 17 of the 25 Value points.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files HIHO under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for HIHO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.09 | +33% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.7357 | -10% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.2710 | -67% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: HIHO passes 3 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 0.8 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -18.9%, ROE -31.2%, ROA -13.5% - with debt at 0.64 times equity and negative free cash flow.
The dividend yield is high at 6.11% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Electric 100% (quarter Q3 FY2023).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | -18.9% |
|---|---|---|---|
| GLS Moat | 0.8 / 10 | ROE | -31.2% |
| Debt / equity | 0.64 | ROA | -13.5% |
| Free-cash-flow yield | -2.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 31: No options
HIHO has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (31 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 9k shares a day on a market cap of $4M, with a beta of 0.50 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 17 / 25 | 10% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 1 / 15 | moat 0.8/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 9k shares/day, $4M cap, beta 0.50 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for HIHO in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Manufacturing - Metal Fabrication
The 12 companies below are the closest to Highway Holdings Limited by market cap within the Manufacturing - Metal Fabrication industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MTEN Mingteng International Corporation Inc. | 0.9416 | 4,567.74 | +100% | 39No options | $7M |
| CVR Chicago Rivet & Machine Co. | 10.95 | 0.8829 | -1140% | 16No options | $11M |
| OLOX Olenox Industries Inc | 0.7400 | - | - | 26No options | $1M |
| TRSG Tungray Technologies Inc Class A Ordinary Shares | 1.20 | 0.4709 | -155% | 17No options | $20M |
| TPCS TechPrecision Corporation | 5.40 | - | - | 34No options | $55M |
| ZJK ZJK Industrial Co., Ltd. | 1.78 | 3.83 | +54% | 39No options | $114M |
| AP Ampco-Pittsburgh Corp. | 8.45 | 0.5825 | -1351% | 27Weak | $175M |
| TG Tredegar Corporation | 7.64 | 15.52 | +51% | 72Good | $267M |
| MEC Mayville Engineering Company, Inc. | 14.21 | 9.09 | -56% | 39Weak | $362M |
| IIIN Insteel Industries, Inc. | 29.67 | 29.67 | +0% | 52Fair | $574M |
| ROCK Gibraltar Industries, Inc. | 36.68 | 32.98 | -11% | 45Weak | $1.1B |
| RYZ Ryerson Holding Corporation | 26.50 | 48.29 | +45% | 45Weak | $1.4B |
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Start free See the Sunday ScanQuestions about HIHO
Is HIHO undervalued right now?
By the GLS models, moderately: at 0.8183 the stock trades 10% below the average fair value of 0.9116 (data as of 16 Oct 2026).
What is the Wheel Score of HIHO and what does it mean?
HIHO has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for HIHO?
0.9116 per share as of 16 Oct 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Highway Holdings Limited report earnings next?
No upcoming earnings date is recorded for HIHO in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does HIHO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on HIHO, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.