Hitech Group Australia Share Price and Company Fundamentals



Price
$2.31
Change
0.010 (0.435%)
52 week
1.38 - 2.4

Last traded: Today at 5:16 AM

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 permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in digital transformation, system development, infrastructure architecture and cloud integration, operation, and supports and project management. The company also offers personnel services to other sectors, such as administration and office support, sales and marketing, and finance. It serves technology companies, banking/financial services companies, and federal and state government departments and agencies. HiTech Group Australia Limited was founded in 1993 and is based in Sydney, Australia.

Key Metrics

PE ratio

24.57

PB ratio

12.35

Dividend yield

3.48%

Beta

0.78

Market cap

$90.09M

Enterprise value

$83.66M

Company profile

Primary activitiesSupplying information technology & telecommunications recruitment services for permanent and contract staff
Industry / SectorStaffing & Employment Services / Industrials
Full time employees14
Websitehttp://www.hitechaust.com
Mailing address189 Kent Street Level 9 Sydney NSW 2000 Australia
Phone / Fax61 2 9241 1919 / 61 2 9241 1731
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Dividends

More: Hitech Group Australia Dividend history, yield and payout ratio

Dividend yield

3.48%

Dividend amount

$0.08

Payout ratio

85.11%

Hitech Group Australia paid $0.08 dividend and the ex-dividend date was 04 Mar 2021.The dividend payout ratio is 85.11%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.HIT dividend payout ratio is between 70-90%. The lower dividend payout ratio is preferrable since it provides company margin to grow the dividends in future.

HIT's forward dividend amount is $0.08 and the forward dividend yield is 3.45%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Aug 2021, following are the company executives and directors listed on Hitech Group Australia.

NameTitleAgeTotal Pay
Mr. Raymond HazouriFounder, Chairman & Company Sec.58511.19k
Mr. Elias HazouriCEO, Chief Information Officer, GM, Company Sec. & Exec. Director52504.87k

Profitability and management effectiveness

Profit margin

9.82%

Operating margin

12.05%

Return on assets

26.93%

Return on equity

50.11%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Hitech Group Australia is 90.09M and its enterprise value is 83.66M. The enterprise value to revenue ratio of HIT is 2.30.

The HIT's stocks Beta value is 0.78 making it 22% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Hitech Group Australia (HIT)

Hitech Group Australia (ASX:HIT) Frequently Asked Questions

1. What is Hitech Group Australia's Stock Symbol?

Hitech Group Australia trades on ASX under the ticker symbol "HIT".

2. What is Hitech Group Australia's stock price today?

One share of HIT stock can currently be purchased for approximately $2.31.

3. How can I contact Hitech Group Australia?

Hitech Group Australia's mailing address is 189 Kent Street Level 9 Sydney NSW 2000 Australia. The company can be reached via phone at 61 2 9241 1919.

4. What is Hitech Group Australia's official website?

The official website of Hitech Group Australia is http://www.hitechaust.com.

5. Which share registry manages Hitech Group Australia's stock?

Hitech Group Australia's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.