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First Tractor Co (HKSE:00038) Median PS Value : HK$4.33 (As of May. 25, 2024)


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What is First Tractor Co Median PS Value?

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. First Tractor Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was HK$11.587. First Tractor Co's 10-Year median PS Ratio is 0.3737. Therefore, the Median PS Value for today is HK$4.33.

As of today (2024-05-25), First Tractor Co's share price is HK$8.28. First Tractor Co's Median PS Value is HK$4.33. Therefore, First Tractor Co's Price to Median PS Value for today is 1.91.

The historical rank and industry rank for First Tractor Co's Median PS Value or its related term are showing as below:

HKSE:00038' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.6   Med: 0.92   Max: 2.13
Current: 1.91

During the past 13 years, the highest Price to Median PS Value of First Tractor Co was 2.13. The lowest was 0.60. And the median was 0.92.

HKSE:00038's Price-to-Median-PS-Value is ranked worse than
90.65% of 139 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.03 vs HKSE:00038: 1.91

First Tractor Co Median PS Value Historical Data

The historical data trend for First Tractor Co's Median PS Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Tractor Co Median PS Value Chart

First Tractor Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Median PS Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.91 4.87 4.16

First Tractor Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Median PS Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.64 4.80 4.49 4.16 4.33

Competitive Comparison of First Tractor Co's Median PS Value

For the Farm & Heavy Construction Machinery subindustry, First Tractor Co's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Tractor Co's Price-to-Median-PS-Value Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, First Tractor Co's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where First Tractor Co's Price-to-Median-PS-Value falls into.



First Tractor Co Median PS Value Calculation

First Tractor Co's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=11.587*0.3737
=4.33

10-Year Median PS Ratio is 0.3737.
First Tractor Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$11.587.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Tractor Co  (HKSE:00038) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

First Tractor Co's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=8.28/4.33
=1.91

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Tractor Co Median PS Value Related Terms

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First Tractor Co (HKSE:00038) Business Description

Traded in Other Exchanges
Address
No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004
First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

First Tractor Co (HKSE:00038) Headlines

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