One-glance verdict
Undervalued
$1.30 our estimate vs market $0.43
67% below our estimate, below the bear case
Fundamentals snapshot
Haoxin Holdings Limited
HXHX · NCM · Industrials · Integrated Freight & Logistics
Current price
$0.43
52-week range
$0.33 - $1.84
Market cap
$6.33M
Balance sheet
Watch
28.86x Strong cushion
Net debt $10.26M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 29.2% last year.
- Reward Returns 17.3% on equity, ahead of 83% of its peers.
- Reward Free cash flow was positive in 1/10 years.
- Risk Net debt grew 333.2% over 3 years.
What this company does
Haoxin Holdings Limited
Haoxin Holdings is a trucking company in China that specializes in moving goods that need to be kept at a specific temperature, like food and electronics. The company earns money by using its fleet of refrigerated trucks and vans to transport these items for other factories. This service is an important part of the supply chain (the network that gets a product from its creator to the customer), helping to make sure sensitive goods arrive without spoiling or getting damaged.
How the company got here
Haoxin Holdings started in 2003 by providing local delivery services within Chinese cities. Recognizing a growing need, they expanded into long-haul, temperature-controlled trucking in 2016 to transport sensitive goods across the country. This allowed them to serve bigger clients in industries like electronics, food, and chemicals. To fund further growth, the company held an initial public offering (IPO), which is when a private company first sells shares of stock to the public, on the Nasdaq stock exchange in April 2025.
What it actually does
Think of Haoxin as a specialized moving company for businesses in China. They operate a fleet of trucks, including large refrigerated tractor-trailers and smaller city vans, to transport goods from factories to warehouses or stores. The company focuses on items that need careful handling, especially products that must be kept at a specific temperature, like certain foods, fruits, and electronic devices. Their customers are other businesses, such as manufacturers, supermarkets, and large logistics companies, who pay Haoxin to move their products safely and on time across China.
Temperature-Controlled Truckload Service
This is the company's largest business, making up the vast majority of its sales. It involves using large, refrigerated tractor-trailers for long-distance trips across China's provinces. Companies that produce goods like fruit, food, chemicals, or sensitive electronics pay Haoxin to transport their products in a climate-controlled environment. This ensures the products aren't spoiled or damaged by heat or cold during the journey.
Urban Delivery Services
This is a smaller part of Haoxin's business, accounting for a little over a tenth of its sales. It focuses on short-distance deliveries within a single city using medium-sized vans. Businesses hire Haoxin for these services when they need to move goods quickly from a local warehouse to a supermarket or from a factory to a nearby distribution center. This was the original service the company offered when it first started.
What management is betting on now
The company's leadership is focused on expanding its fleet by purchasing new vehicles to handle more business. They also plan to invest in technology to better track their trucks and manage routes more efficiently. A key goal is to enter new, specialized markets, such as transporting medicines, which requires specific qualifications and handling. Recently, the company secured new funding to help pay for potential acquisitions (buying other companies) to accelerate this growth.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-3.96M
FY2025 Q4
$-14.02M
Revenue
$33.04M
Net income
$3.97M
Diluted EPS
0.30
Operating cash flow
$-9.55M
Free cash flow
$-14.02M
Fetching…
Sources
Revenue
$25.57M
Net income
$3.17M
Diluted EPS
0.26
Operating cash flow
$-3.96M
Free cash flow
$-3.96M
Fetching…
Sources
Is it cheap or expensive?
Fair value $1.30 vs current price $0.43
Our most-likely fair value is $1.30 a share — about 202.2% above today's price of $0.43, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Watch
Net debt $10.3M. Interest coverage 28.9x.
Net debt
$10.26M
Interest coverage
28.86x
Haoxin Holdings Limited's profit covers its interest bill about 28.9 times over. which is stronger than every peer shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Watch
Worse cushion
Baseline
Better cushion
HXHX
BASELINE
Haoxin Holdings Limited
Total debt $11.67M Interest coverage 28.86x This is the baseline the peer rows are being compared against.
Total debt $4.93M Interest coverage -20.72x -100% vs HXHX This peer has almost no interest-payment cushion compared with HXHX.
Total debt $6.89M Interest coverage -3.21x -100% vs HXHX This peer has almost no interest-payment cushion compared with HXHX.
Total debt $5.22M Interest coverage -11.88x -100% vs HXHX This peer has almost no interest-payment cushion compared with HXHX.
Total debt $93.12M Interest coverage 6.17x -79% vs HXHX Carries about 4.7x less debt cushion than HXHX.
Total debt $4.83M Interest coverage -43.63x -100% vs HXHX This peer has almost no interest-payment cushion compared with HXHX.
What you should know
The case for and against HXHX
3 Rewards
1 Risk
Rewards
-
Revenue grew 29.2% last year.
-
Returns 17.3% on equity, ahead of 83% of its peers.
-
Free cash flow was positive in 1/10 years.
Risks
-
Net debt grew 333.2% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
1.43x
Forward P/E
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P/B
0.21x
P/S
0.19x
EV/EBITDA
1.95x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
25.1%
Operating margin
23.3%
Net margin
12.0%
ROE
17.3%
ROA
11.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.42x
Current ratio
2.37x
Quick ratio
0.55x
Total debt
$11.67M
Total cash
$1.40M
Growth
How the business has been compounding
Revenue TTM
$114.22M
Revenue 5Y CAGR
4.5%
EPS TTM
0.30
EPS 5Y CAGR
-13.1%
Cash flow
How much cash the business throws off
Operating CF TTM
$-13.00M
Free CF TTM
$-14.02M
FCF margin
-12.3%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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