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Employees: 10,931
Size Higa (603150.SS) is a China Industrials company (Industrial Machinery) with a market value of $532M, the 3714th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥41.51 on 6 Nov 2026.
Performance Over six months the shares fell 31.5%, against -30.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 76.2% over the last twelve months (peer median +8.1%); the operating margin is 3.2% (peer median 6.7%).
Valuation It trades at 24.1× forward earnings against a peer median of 19.0× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 points below its cost of capital (6.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.43B | CN¥4.11B | CN¥3.37B | CN¥2.56B | CN¥1.70B |
| Revenue growth | — | +22% | +32% | +50% | — |
| Gross profit | CN¥867M | CN¥743M | CN¥693M | CN¥562M | CN¥402M |
| EBITDA | CN¥439M | CN¥381M | CN¥341M | CN¥281M | CN¥233M |
| Net income | CN¥96.3M | CN¥111M | CN¥139M | CN¥135M | CN¥149M |
| Free cash flow | CN¥131M | CN¥138M | -CN¥202M | -CN¥261M | -CN¥263M |
| Capital expenditure | CN¥247M | CN¥276M | CN¥276M | CN¥387M | CN¥308M |
| Total debt | CN¥3.15B | CN¥2.62B | CN¥2.00B | CN¥1.29B | CN¥568M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603150.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.0% | -17.5% | 4th lowest of 20 |
| 6-month return | -31.5% | -30.2% | 9th lowest of 20 |
| Distance from 52-week high | -49.1% | -49.2% | 11th highest of 21 |
| Revenue growth (TTM) | +76.2% | +8.1% | 2nd highest of 20 |
| Operating margin | 3.2% | 6.7% | 8th lowest of 20 |
| Forward P/E | 24.1× | 19.0× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | 9.0% | 4th most demanding of 11 |
| Growth delivered (Del g) | +27.7% | +9.0% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -12.0 pp | +5.5 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | -3.2 pp | -3.3 pp | 10th highest of 21 |
| EV / EBITDA | 13.8× | 15.2× | 4th cheapest of 7 |
| Net debt / EBITDA | 5.3× | 0.6× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Higa 603150.SS | China | $532M | -32% | +76% | 3% | 24.1× | 15.7% | +27.7% |
| Porvair PRV.L | United Kingdom | $532M | +15% | +3% | 13% | 18.9× | 6.8% | +7.5% |
| GMM Pfaudler GMMPFAUDLR.NS | India | $532M | +22% | +14% | 7% | 42.4× | 13.9% | +28.6% |
| Zhangjiagang Furui Special Equipment 300228.SZ | China | $533M | -36% | -12% | 8% | n/a | -3.9% | +11.8% |
| Qingdao Weflo Valve 002871.SZ | China | $530M | -24% | +17% | 18% | 26.1× | 22.0% | +14.3% |
| Nanjing Canatal Data-Centre Environmental Tech 603912.SS | China | $529M | -38% | -18% | -19% | n/a | n/a | n/a |
| Komori 6349.T | Japan | $536M | +9% | +4% | 8% | 11.5× | n/a | n/a |
| Nomura Micro Science 6254.T | Japan | $527M | -43% | -48% | 11% | 7.7× | 22.4% | +13.1% |
| Cashway Fintech 603106.SS | China | $526M | -24% | -36% | 8% | n/a | n/a | n/a |
| Fujian Raynen Technology 603933.SS | China | $526M | -31% | +29% | 3% | n/a | n/a | n/a |
| HNAC Technology 300490.SZ | China | $525M | -57% | +79% | 0% | n/a | n/a | n/a |
| Guangdong Jinma Entertainment 300756.SZ | China | $521M | -59% | -8% | 0% | 21.5× | n/a | n/a |
| Shandong Shuangyi Technology 300690.SZ | China | $521M | -26% | +15% | 15% | 19.1× | 10.9% | -6.3% |
| Beijing SinoHytec 688339.SS | China | $521M | -38% | +75% | -205% | n/a | n/a | n/a |
| Shanghai Yongli Belting 300230.SZ | China | $544M | -11% | +13% | 10% | n/a | -2.6% | -5.7% |
| Suzhou Thvow Technology 002564.SZ | China | $521M | -33% | -9% | 4% | n/a | 27.5% | -19.9% |
| Wayz Intelligent Manufacturing Technology 688211.SS | China | $545M | -18% | +25% | -3% | n/a | n/a | n/a |
| Zhuhai Huajin Capital 000532.SZ | China | $545M | -17% | +8% | 32% | n/a | 7.1% | -0.7% |
| Forge Nano NANO | United States | $545M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zhejiang Galaxis Technology 2729.HK | Hong Kong | $518M | -74% | +26% | -4% | n/a | n/a | n/a |
| Tsukishima 6332.T | Japan | $547M | -30% | +8% | 7% | 10.0× | -3.7% | +10.5% |