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First Tractor Company Limited (0038.HK)

Hong Kong Stock Exchange Industrials Agricultural - MachineryView data quality →
52.7Fair

ValueMarkers Composite Index

Top 41%#26,463 of 44,714
Undervalued

45% below intrinsic value ($2)

UndervaluedFair ValueOvervalued
Piotroski
2/9
Weak
Beneish
-1.80
Investigate
Altman
1.28
Distress
DCF Value
$2
Undervalued
ROIC
6.2%
Low
P/E
17.7
Fair
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

First Tractor Company Limited (0038.HK) — VMCI valuation read

First Tractor Company Limited sits at VMCI 53/100, with the Industrials sector median at 50. That 3-point spread is the first thing to note on 0038.HK: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 0038.HK are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 0038.HK: 0038.HK trades at 20.0x earnings, 11% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Industrials median (10.0%). The Risk read: net debt to EBITDA of 1.4x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

0038.HK rose 0.4% over the trailing 7 days, with a -2.4% read on a 30-day basis.

First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. It offers wheeled and crawler tractors, and its components, such as castings, forgings gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. The company also engages in the fund settlement; provision of financial services; and processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, it provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. The company was formerly known as First Tractor Works of China. First Tractor Company Limited was founded in 1955 and is based in Luoyang, China.

CEO: Bin Liu6,920 employeesCNwww.first-tractor.com.cn

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