Latest Ratios: P/E Ratio 0.3x · EV/EBITDA N/A · ROE 0.5%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54497 | $2M | $19M | $13M | — | — | — | — | — | — | — |
| Enterprise Value | $-912037 | $762316 | $14M | $6M | — | — | — | — | — | — | — |
| P/E Ratio → | 0.28 | 10.04 | — | 11.96 | — | — | — | — | — | — | — |
| P/S Ratio | 0.01 | 0.26 | 6.38 | 2.75 | — | — | — | — | — | — | — |
| P/B Ratio | 0.00 | 0.05 | 0.53 | 0.44 | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.12 | 4.76 | 1.28 | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | 38.40 | — | — | — | — | — | — | — |
| EV / EBIT | — | 1.74 | — | 3.05 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.6% | 10.6% | 34.6% | 42.1% | 55.0% | 60.1% | 54.6% | 54.0% | 56.1% | 53.4% | 26.9% |
| Operating Margin | -27.4% | -27.4% | -60.1% | 2.2% | 25.3% | 32.6% | 30.2% | 31.6% | 40.6% | 37.7% | 6.0% |
| Net Profit Margin | 2.8% | 2.8% | -30.9% | 23.0% | 22.0% | 25.8% | 29.1% | 29.1% | 32.1% | 31.0% | 5.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | -2.8% | 5.0% | 10.6% | 13.7% | 16.8% | 25.2% | 36.3% | 56.7% | 16.2% |
| ROA | 0.4% | 0.4% | -2.3% | 3.7% | 7.4% | 10.6% | 13.0% | 19.5% | 27.1% | 36.4% | 8.3% |
| ROIC | -4.1% | -4.1% | -5.0% | 0.4% | 9.4% | 15.5% | 15.0% | 22.7% | 39.1% | 53.7% | 11.1% |
| ROCE | -4.7% | -4.7% | -4.9% | 0.4% | 10.4% | 16.0% | 16.3% | 26.1% | 44.9% | 69.0% | 17.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.07 | 0.09 | 0.20 | — | — | — | — | 0.03 | 0.28 |
| Debt / EBITDA | — | — | — | 17.20 | 1.63 | — | — | — | — | 0.06 | 1.47 |
| Net Debt / Equity | — | -0.03 | -0.13 | -0.24 | 0.11 | -0.16 | -0.17 | -0.09 | -0.11 | -0.14 | 0.19 |
| Net Debt / EBITDA | — | — | — | -44.17 | 0.90 | -0.85 | -0.87 | -0.30 | -0.26 | -0.27 | 0.99 |
| Debt / FCF | — | — | — | — | — | — | -1.24 | -17.94 | — | -4.05 | 56.14 |
| Interest Coverage | 1.42 | 1.42 | -1.73 | 6.08 | 7.55 | — | — | 453.00 | 599.81 | 645.56 | — |
Net cash position: cash ($4M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.23 | 8.23 | 13.08 | 7.35 | 2.66 | 4.65 | 4.53 | 4.08 | 2.99 | 3.52 | 1.93 |
| Quick Ratio | 8.22 | 8.22 | 13.02 | 7.18 | 2.56 | 4.50 | 4.48 | 3.82 | 2.95 | 3.38 | 1.69 |
| Cash Ratio | 4.37 | 4.37 | 11.54 | 5.38 | 1.31 | 2.61 | 1.97 | 1.40 | 1.48 | 1.35 | 0.86 |
| Asset Turnover | — | 0.15 | 0.07 | 0.13 | 0.30 | 0.38 | 0.40 | 0.60 | 0.75 | 0.97 | 1.50 |
| Inventory Turnover | 73.61 | 73.61 | 12.29 | 4.74 | 6.71 | 6.31 | 21.98 | 6.22 | 41.92 | 11.56 | 9.33 |
| Days Sales Outstanding | — | 1047.96 | 356.97 | 484.28 | 271.08 | 174.47 | 244.89 | 208.81 | 99.59 | 104.80 | 65.17 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 10.0% | — | 8.4% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $172282 | $287847 | $265149 | $219754 | $299754 | $219754 | $311754 | $299754 | $219754 | $311754 |
Regulatory obsolescence and margin erosion
Based on reported figures, HKIT trades at a P/S ratio of 0.01, which appears to reflect the market's skepticism toward the company's low-margin hardware-heavy business model rather than a genuine undervaluation of a scalable software-application firm.
The extremely low P/S multiple suggests that investors are discounting the company's revenue due to its poor quality and lack of operating leverage. This valuation implies that the market views the current top-line growth as transitory and non-recurring, likely anticipating that the company's reliance on hardware distribution will continue to suppress future earnings potential.
As reported in financial statements, HKIT's ROIC has trended into negative territory, reaching -1.0% in 2025Q4, which indicates that the company is failing to generate adequate returns on its invested capital compared to its historical performance in 2021.
The decline in ROIC from 8.5% in 2021Q2 to negative levels suggests that the company's recent capital allocation toward hardware procurement is value-destructive. This trend warrants further investigation into whether management can pivot back to higher-margin service offerings or if the current business model is structurally incapable of compounding capital.
According to recent SEC filings, HKIT's cash conversion cycle has ballooned to 181 days in 2025Q4, reflecting significant friction in managing receivables and inventory compared to the more efficient 94-day cycle observed in 2021Q4.
The sharp increase in Days Sales Outstanding (DSO) to 164 days suggests that the company is struggling to collect payments from its enterprise clients, which may indicate weak bargaining power or deteriorating credit quality among its customer base. This inefficiency ties up critical liquidity and forces the company to rely on external or non-operating sources to fund its operations.
Based on the reported figures, HKIT maintains a current ratio of 8.23 as of 2025Q4, which appears superficially robust but fails to account for the company's persistent cash burn and the potential for inventory obsolescence in its hardware-heavy asset base.
While the high current ratio suggests a lack of immediate solvency risk, the underlying quality of these current assets is questionable given the company's inability to convert them into positive operating cash flow. Investors should monitor whether this liquidity position remains stable if the company's reliance on non-operating income, such as government subsidies, is reduced.
The most commonly misapplied metric for HKIT is the P/E ratio, which obscures the company's underlying operational losses by including non-recurring non-operating income, thereby providing a misleading picture of the firm's true earning power.
Because HKIT's net income is frequently bolstered by subsidies or other non-operating items, the P/E ratio fails to reflect the fact that the core business is currently operating at a loss. Analysts should instead focus on operating margins and free cash flow to assess the sustainability of the business model, as these metrics better capture the economic reality of the company's hardware-reselling activities.
Includes 30+ ratios · 10 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HKIT stock.
Hitek Global's current P/E ratio is 0.3x. The historical average is 11.0x.
Hitek Global's return on equity (ROE) is 0.5%. The historical average is 17.8%.
Based on historical data, Hitek Global is trading at a P/E of 0.3x. Compare with industry peers and growth rates for a complete picture.
Hitek Global has 10.6% gross margin and -27.4% operating margin.