Latest Ratios: P/E Ratio 3.1x · EV/EBITDA 2.2x · ROE 78.7%. (2022–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Market Cap | $23M | — | — | — |
| Enterprise Value | $25M | — | — | — |
| P/E Ratio → | 3.10 | — | — | — |
| P/S Ratio | 0.78 | — | — | — |
| P/B Ratio | 1.76 | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | 4.57 | — | — | — |
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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | 2.19 | — | — | — |
| EV / EBIT | 2.75 | — | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Gross Margin | 62.8% | 62.8% | 61.6% | 53.3% |
| Operating Margin | 31.1% | 31.1% | 45.5% | 36.8% |
| Net Profit Margin | 24.9% | 24.9% | 37.8% | 30.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ROE | 78.7% | 78.7% | 146.9% | 94.5% |
| ROA | 32.1% | 32.1% | 34.8% | 9.2% |
| ROIC | 65.5% | 65.5% | 132.6% | 85.4% |
| ROCE | 98.2% | 98.2% | 176.8% | 112.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.03 | — |
| Debt / EBITDA | 0.42 | 0.42 | 0.02 | — |
| Net Debt / Equity | — | 0.18 | 0.00 | -0.01 |
| Net Debt / EBITDA | 0.20 | 0.20 | 0.00 | -0.01 |
| Debt / FCF | — | — | — | — |
| Interest Coverage | 40.57 | 40.57 | 730.01 | 166.40 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Current Ratio | 1.75 | 1.75 | 1.12 | 0.31 |
| Quick Ratio | 1.75 | 1.75 | 1.12 | 0.31 |
| Cash Ratio | 0.18 | 0.18 | 0.01 | 0.00 |
| Asset Turnover | — | 1.09 | 0.68 | 0.30 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 263.05 | 417.12 | 337.07 |
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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Earnings Yield | 32.3% | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — |
| Shares Outstanding | — | $37M | $37M | $28M |
PRC regulatory and liquidity
Based on reported figures, HPAI trades at a P/S ratio of 0.78 and a P/E of 3.10, which suggests the market is heavily discounting the firm's 132% revenue growth due to significant geographic concentration risks and potential concerns regarding the sustainability of its current margin profile.
The low P/E multiple relative to the company's rapid expansion indicates that investors are skeptical of the long-term durability of these earnings. This valuation gap likely reflects a market perception that HPAI is a commodity service provider rather than a high-margin AI infrastructure firm, warranting further investigation into whether the current growth is driven by one-time contracts.
As reported in financial statements, HPAI maintains a 62.81% gross margin and a 31.10% operating margin, suggesting that the company's proprietary AI Assist platform is successfully driving operational leverage despite the inherent costs associated with its crowdsourced labor model and BPO service delivery requirements.
The high net margin of 24.92% is atypical for a company of this size and suggests a lean corporate structure that may be difficult to maintain as the firm scales. Investors should monitor whether these margins contract as the company incurs higher R&D and cloud infrastructure costs to support its AI model training.
According to recent financial disclosures, HPAI holds only $2.58 million in cash against $29.5 million in revenue, which implies a precarious liquidity position that may limit the company's ability to fund its 132% growth trajectory without resorting to dilutive equity financing or external credit facilities.
This low cash-to-revenue ratio suggests that the company's working capital cycle is extremely tight, potentially leaving little room for error in its operational execution. The lack of a significant cash buffer warrants concern regarding the firm's resilience to sudden shifts in PRC regulatory policy or unexpected spikes in operating costs.
Based on the company's reported figures, HPAI maintains a negligible 0.37% debt-to-equity ratio, which suggests a highly conservative approach to leverage that may reflect limited access to traditional credit markets rather than a strategic preference for avoiding debt during this rapid expansion phase.
While the lack of debt reduces interest rate sensitivity, it also limits the company's ability to finance large-scale infrastructure investments through non-dilutive means. This capital structure appears to be a defensive posture that may hinder the firm's ability to compete with better-capitalized peers in the AI infrastructure space.
The P/E ratio is frequently misapplied to HPAI, as it obscures the underlying cash conversion risks and the potential for aggressive revenue recognition practices that are common in high-growth, cross-border technology firms operating within complex regulatory environments like the PRC.
Instead of relying on P/E, analysts should focus on the cash conversion cycle and the ratio of contract assets to total revenue to better understand the quality of earnings. The current valuation may be misleading if a significant portion of reported revenue is not yet backed by actual cash inflows.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying HPAI stock.
Helport AI Limited's current P/E ratio is 3.1x. This places it at the 50th percentile of its historical range.
Helport AI Limited's current EV/EBITDA is 2.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Helport AI Limited's return on equity (ROE) is 78.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 106.7%.
Based on historical data, Helport AI Limited is trading at a P/E of 3.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Helport AI Limited has 62.8% gross margin and 31.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Helport AI Limited's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.