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Hitech Group Australia Ltd

Industrials AU HIT

1.92AUD
0.02(1.05%)

Last update at 2024-09-16T02:03:00Z

Day Range

1.911.92
LowHigh

52 Week Range

1.772.28
LowHigh

Fundamentals

  • Previous Close 1.90
  • Market Cap79.52M
  • Volume369
  • P/E Ratio13.43
  • Dividend Yield5.42%
  • EBITDA8.74M
  • Revenue TTM63.45M
  • Revenue Per Share TTM1.50
  • Gross Profit TTM 10.99M
  • Diluted EPS TTM0.14

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Income before tax 8.79M 7.47M 6.62M 5.11M 4.24M
Minority interest - - - - -
Net income 6.03M 5.44M 4.40M 3.64M 3.34M
Selling general administrative - 3.13M 2.34M 1.66M 1.68M
Selling and marketing expenses - 0.03M 0.02M 0.01M 0.02M
Gross profit 12.81M 10.99M 9.30M 7.06M 6.11M
Reconciled depreciation - 0.16M 0.13M 0.10M 0.12M
Ebit 9.11M 7.35M 6.51M 5.20M 4.21M
Ebitda 9.33M 7.50M 6.64M 5.30M 4.33M
Depreciation and amortization 0.21M 0.16M 0.13M 0.10M 0.12M
Non operating income net other - - - - -
Operating income 9.11M 7.35M 6.51M 5.20M 4.21M
Other operating expenses 54.33M 67.01M 56.47M 36.85M 29.14M
Interest expense - - 0.11M 0.22M 0.14M
Tax provision - 2.03M 2.22M 1.48M 0.90M
Interest income - 0.12M 0.11M 0.00333M 0.02M
Net interest income - 0.12M 0.11M 0.00333M 0.02M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 2.75M 2.03M 2.22M 1.48M 0.90M
Total revenue 63.45M 74.35M 62.98M 42.05M 33.36M
Total operating expenses 3.69M 3.80M 2.93M 1.86M 2.01M
Cost of revenue 50.64M 63.36M 53.68M 34.99M 27.25M
Total other income expense net -0.32742M 0.12M 0.11M -0.08698M 0.02M
Discontinued operations - - - - -
Net income from continuing ops - 5.44M 4.40M 3.64M 3.34M
Net income applicable to common shares - 5.44M 4.40M 3.64M 3.34M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 17.27M 15.36M 12.97M 11.10M 11.13M
Intangible assets - 0.00000M 0.00000M 0.00000M 0.00000M
Earning assets - - - - -
Other current assets 0.07M 0.05M 0.06M 0.06M 0.00273M
Total liab 7.85M 7.75M 5.54M 4.79M 4.14M
Total stockholder equity 9.42M 7.61M 7.43M 6.32M 6.99M
Deferred long term liab - - - - -
Other current liab 4.28M 0.05M 4.58M -0.00020M 0.05M
Common stock 4.45M 4.45M 4.45M 3.74M 3.74M
Capital stock - 4.45M 4.45M 3.74M 3.74M
Retained earnings 4.78M 2.97M 2.80M 2.40M 3.06M
Other liab - 0.20M 0.03M 0.05M 0.04M
Good will - - - - -
Other assets - 0.74M 0.32M 0.21M 0.06M
Cash 12.11M 10.58M 10.01M 6.61M 7.64M
Cash and equivalents - 1.56M 1.55M 1.55M 1.55M
Total current liabilities 7.62M 5.41M 5.51M 4.65M 3.85M
Current deferred revenue 1.31M 4.58M -0.14857M 4.16M 3.17M
Net debt -10.75459M -8.15881M -9.86397M -6.36199M -7.23012M
Short term debt 1.35M 0.28M 0.15M 0.17M 0.16M
Short long term debt - - - - -
Short long term debt total 1.35M 2.42M 0.15M 0.25M 0.41M
Other stockholder equity - -7.42108M -7.24711M -6.13348M -6.16388M
Property plant equipment - 2.81M 0.53M 0.77M 0.62M
Total current assets 15.04M 11.81M 12.12M 10.12M 10.45M
Long term investments - - - - -
Net tangible assets - 7.61M 7.43M 6.32M 6.99M
Short term investments - - - - -
Net receivables 2.86M 1.18M 2.05M 3.44M 2.81M
Long term debt - - - - -
Inventory - - - - -
Accounts payable 0.68M 0.51M 0.93M 0.32M 0.47M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.19M 0.19M 0.19M 0.19M 0.19M
Additional paid in capital - - - - -
Common stock total equity - - - - 3.74M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.43M 0.43M 0.05M 0.23M 0.05M
Deferred long term asset charges - - - - -
Non current assets total 2.24M 3.55M 0.85M 0.99M 0.68M
Capital lease obligations - 2.42M 0.15M 0.25M 0.41M
Long term debt total - 2.14M 0.00000M 0.08M 0.25M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -0.07645M -0.03881M -0.02058M -0.01844M -0.00098M
Change to liabilities 0.53M -0.14312M -0.76456M 1.47M 1.16M
Total cashflows from investing activities -0.07645M -0.05922M -0.22564M -0.26504M -0.02465M
Net borrowings -0.28121M -0.02531M 0.02M -0.15761M -0.15761M
Total cash from financing activities -5.54496M -4.02781M -3.65073M -3.45714M -3.04400M
Change to operating activities 0.20M 0.18M 0.15M 0.31M -0.05181M
Net income 5.44M 4.40M 3.64M 3.34M 2.90M
Change in cash 0.57M 3.40M -0.99575M 1.68M 0.06M
Begin period cash flow 10.01M 6.61M 7.61M 5.93M 5.86M
End period cash flow 10.58M 10.01M 6.61M 7.61M 5.93M
Total cash from operating activities 6.19M 7.49M 2.88M 5.15M 3.13M
Issuance of capital stock - - - - -
Depreciation 0.09M 0.10M 0.09M 0.10M 0.20M
Other cashflows from investing activities -0.06536M -0.03881M -0.02059M -0.01844M -0.00098M
Dividends paid 5.26M 4.00M 3.67M 3.61M 3.04M
Change to inventory - - - - -
Change to account receivables 0.88M 2.11M 0.03M -0.38006M -0.47714M
Sale purchase of stock - - - - -
Other cashflows from financing activities -0.07645M -0.05922M 0.03M 0.32M 0.16M
Change to netincome - 0.00000M -0.00424M -0.40058M -0.09665M
Capital expenditures 0.01M 0.02M 0.21M 0.25M 0.02M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.88M 2.11M 0.03M -0.38006M 0.03M
Stock based compensation - - - - -
Other non cash items -0.21925M 0.88M -0.87674M 2.10M -3.09687M
Free cash flow 6.18M 7.47M 2.68M 4.91M -0.02367M

Peer Comparison

Sector: Industrials Industry: Staffing & Employment Services

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
HIT
Hitech Group Australia Ltd
0.02 1.05% 1.92 13.43 - 1.25 8.29 1.06 7.83
APM
APM Human Services International Ltd
-0.005 0.35% 1.44 - 15.02 0.57 1.08 0.98 240.53
MMS
Mcmillan Shakespeare Ltd
0.03 0.20% 15.02 16.72 13.50 2.87 10.38 5.30 9.13
FLN
Freelancer Ltd
- -% 0.18 - 163.93 1.59 3.67 1.46 20.01
PPE
People Infrastructure Ltd
-0.035 4.61% 0.72 18.25 12.97 0.07 0.48 0.15 5.45

Reports Covered

Stock Research & News

Profile

HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. The company offers personnel services to other sectors, such as office administration, sales and marketing, and finance; and digital services to government departments to initiate and complete digital transformation projects. It serves telco, finance, healthcare, consulting, IT, and FMCG industries, as well as federal and state governments. HiTech Group Australia Limited was incorporated in 1993 and is based in Sydney, Australia.

Hitech Group Australia Ltd

37.01B, 1 Macquarie Place, Sydney, NSW, Australia, 2000

Key Executives

Name Title Year Born
Mr. Raymond Hazouri B.A. Founder, Chairman & Company Sec. 1962
Mr. Elias Hazouri B.Sc., M.B.A., MBA CEO, Chief Information Officer, GM, Company Sec. & Exec. Director 1968
Mr. Raymond Hazouri B.A. Founder, Chairman & Company Secretary 1962
Mr. Elias Hazouri B.Sc., M.B.A., MBA CEO, Chief Information Officer, GM, Company Secretary & Executive Director 1968
Mr. Raymond Hazouri B.A. Founder, Chairman & Company Secretary 1962
Mr. Elias Hazouri B.Sc., M.B.A., MBA CEO, Chief Information Officer, GM, Company Secretary & Executive Director 1968
Mr. Raymond Hazouri B.A. Founder, Chairman & Company Secretary 1962
Mr. Elias Hazouri B.Sc., M.B.A., MBA CEO, Chief Information Officer, GM, Company Secretary & Executive Director 1968
Mr. Raymond Hazouri B.A. Founder, Chairman & Company Secretary 1962
Mr. Elias Hazouri B.Sc., M.B.A., MBA CEO, Chief Information Officer, GM, Company Secretary & Executive Director 1968

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