Latest Ratios: P/E Ratio -1.1x · EV/EBITDA N/A · ROE -201.2%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $23M | $60M | $124M | — | — | — | — |
| Enterprise Value | $13M | $50M | $124M | — | — | — | — |
| P/E Ratio → | -1.05 | — | — | — | — | — | — |
| P/S Ratio | 0.11 | 0.28 | 1.14 | — | — | — | — |
| P/B Ratio | 1.79 | 4.77 | 14.15 | — | — | — | — |
| P/FCF | 4.88 | 12.98 | — | — | — | — | — |
| P/OCF | 4.88 | 12.97 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.23 | 1.14 | — | — | — | — |
| EV / EBITDA | — | — | 51.32 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 10.82 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 3.1% | 3.1% | 7.5% | -12.5% | 14.5% | 10.6% | -5.0% |
| Operating Margin | -9.3% | -9.3% | 2.1% | -16.4% | 12.7% | 8.6% | -7.3% |
| Net Profit Margin | -10.0% | -10.0% | -21.8% | -9.8% | 6.6% | 4.4% | -4.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -201.2% | -201.2% | -3208.0% | -676.3% | 182.6% | 157.5% | — |
| ROA | -69.7% | -69.7% | -125.4% | -42.4% | 39.0% | 24.5% | -19.5% |
| ROIC | -260.2% | -260.2% | 66.1% | — | — | 205.5% | — |
| ROCE | -178.7% | -178.7% | 116.0% | -465.5% | 246.5% | 503.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.80 | — | 0.56 | 3.20 | — |
| Debt / EBITDA | — | — | 2.91 | — | 0.24 | 1.03 | — |
| Net Debt / Equity | — | -0.79 | 0.02 | — | -1.59 | 0.13 | — |
| Net Debt / EBITDA | — | — | 0.06 | — | -0.68 | 0.04 | — |
| Debt / FCF | — | -2.16 | — | — | -0.48 | 0.72 | 1.41 |
| Interest Coverage | -436.60 | -436.60 | -234.15 | -139.82 | 232.73 | 84.82 | -94.57 |
Net cash position: cash ($10M) exceeds total debt ($130662)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.32 | 0.48 | 1.44 | 1.28 | 0.79 |
| Quick Ratio | 1.54 | 1.54 | 1.32 | 0.48 | 1.44 | 1.28 | 0.79 |
| Cash Ratio | 0.51 | 0.51 | 0.35 | 0.16 | 0.93 | 0.51 | 0.43 |
| Asset Turnover | — | 6.63 | 3.70 | 11.30 | 5.21 | 4.49 | 4.83 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 17.16 | 25.60 | 3.79 | 9.66 | 23.47 | 11.84 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | 138.6% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | 20.5% | 7.7% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $5M | $5M | $4M | $4M | $599600 | $599600 |
Persistent negative equity erosion
Based on recent financial filings, HTCO trades at a price-to-sales ratio of 0.11, which appears to reflect the market's skepticism regarding the company's ability to convert its rapid revenue growth into meaningful earnings, especially given the lack of a positive forward P/E or EBITDA-based valuation metric.
The current P/S multiple suggests that investors are pricing the company as a distressed asset rather than a high-growth technology firm. Without a clear path to positive EBITDA, traditional valuation multiples remain largely inapplicable, leaving the stock's price discovery dependent on speculative sentiment rather than fundamental performance.
According to reported figures, HTCO's ROIC has plummeted to -70.4% in 2025Q4, indicating that the company is currently destroying shareholder value with every dollar of capital deployed, a trend that has worsened significantly compared to the -10.9% ROIC observed in 2022Q2.
The persistent decay in returns on invested capital suggests that the company's business model is fundamentally incapable of generating a return above its cost of capital. This deterioration appears to be driven by the inability to scale gross margins while administrative overhead continues to expand.
As reported in recent financial statements, HTCO's asset turnover ratio of 3.11 in 2025Q4 highlights an asset-light model that relies heavily on third-party chartering, yet this efficiency is undermined by a lack of pricing power and the absence of a sustainable competitive advantage in maritime logistics.
The reliance on high-volume, low-margin voyage contracts forces the company to maintain a rapid turnover of assets, yet this does not translate into operational efficiency. Investors should monitor whether the company can improve its DSO, which remains a source of potential liquidity pressure in a volatile spot market.
Based on the company's latest quarterly data, the current ratio of 1.54 provides a superficial sense of security, but this is largely offset by significant deferred revenue obligations that exceed the firm's $10.1 million cash position, as disclosed in recent SEC filings.
The liquidity position appears vulnerable to any sudden shift in voyage costs or a decline in spot market rates. Given the company's history of negative free cash flow, the current cash reserves may be insufficient to support long-term operations without further capital raises or a drastic improvement in margin profile.
Market participants frequently misapply revenue growth as a proxy for business health, yet as indicated by the company's 2025Q4 results, this metric obscures the reality that HTCO is essentially a low-margin broker where top-line expansion directly correlates with increased dollar-denominated operating losses.
Analysts should prioritize gross profit and operating cash flow over revenue growth, as the latter is a misleading indicator for a company with a 3.14% gross margin. The focus on top-line volume ignores the structural reality that the company's current business model lacks the operating leverage required for profitability.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying HTCO stock.
High-Trend International Group's current P/E ratio is -1.1x. This places it at the 50th percentile of its historical range.
High-Trend International Group's return on equity (ROE) is -201.2%. The historical average is 46.3%.
Based on historical data, High-Trend International Group is trading at a P/E of -1.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
High-Trend International Group has 3.1% gross margin and -9.3% operating margin.