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First Tractor Co., Ltd. Class A (601038.SS)

CNY11.75 +0.18 (+1.56%)
CN SHH Industrials Industrial - Machinery
Address No. 154 Jianshe Road 471004
Luoyang, SH, CN
CEO Tao Wei
IPO 2012-08-08
ISIN CNE100001JN7

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0038.HK (HKD) Other OTC · FIRRF (USD) Other OTC · FIRRY (USD) Shanghai Stock Exchange · 601038.SS (CNY)
Description

First Tractor Co., Ltd. engages in the research, development, manufacture, and sale of agricultural machinery and power machinery as well as their parts and components. It operates through the following business segments: Agricultural machinery, Power machinery, and Finance. The Agricultural machinery segment involves in the research, development, manufacture, and sale of wheeled and crawler tractors as well as related parts such as forgings, gears, and gearboxes. The Power machinery segment includes off-read diesel engines as well as parts such as fuel pumps and injectors. The Finance segment provides capital settlement, deposit and loan, finance lease, buyer credit, and investment services through non-bank financial institution subsidiaries. The company was founded in 1955 and is headquartered in Luoyang, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY11.75 +0.18 (+1.56%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
1.18
Float Shares
456.48M
Free Float %
48.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.39% +0.00% -7.66% -14.06% +0.95% -9.81% -3.40% +12.11% -2.14% +40.13% +44.24%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
11.75
DCF (Unlevered) 9.47 -19.4%
DCF (Levered) 16.61 +41.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.04
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    -9.1% Q1'26: +2.5% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    -12.2% Q1'26: +6.4% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +5.1% Q1'26: +5.9% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +5.4% Q1'26: +11.8% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +9.8% Q1'26: +23.5% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    3.32× Q1'26: 1.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.21) × ERP
WACC = 82% × Ke + 18% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 9.47 Current price: 11.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
3 EPS Ana.
Revenue
9.66B
est: 10.44B (-7.5%)
8.87B
est: 8.69B (+2.1%)
7.36B
est: 8.36B (-11.9%)
5.68B
est: 9.30B (-38.9%)
5.83B
est: 9.30B (-37.3%)
7.58B
est: 7.10B (+6.8%)
9.33B
est: 8.75B (+6.6%)
12.56B
est: 11.55B (+8.8%)
11.53B
est: 12.29B (-6.2%)
11.90B
est: 12.32B (-3.4%)
10.82B
est: 11.76B (-8.0%)
11.91B
11.60B – 12.22B
+1.3% YoY
13.27B
12.53B – 14.02B
+11.5% YoY
14.67B
14.06B – 15.29B
+10.6% YoY
EBITDA
546.18M
est: 779.12M (-29.9%)
672.34M
est: 647.98M (+3.8%)
238.06M
est: 623.40M (-61.8%)
-901.28M
est: 694.08M (-229.9%)
172.16M
est: 694.08M (-75.2%)
302.43M
est: 529.79M (-42.9%)
660.65M
est: 653.10M (+1.2%)
1.08B
est: 861.48M (+25.3%)
1.03B
est: 916.98M (+12.3%)
1.04B
est: 1.03B (+0.6%)
923.37M
est: 984.07M (-6.2%)
996.49M
970.65M – 1.02B
+1.3% YoY
1.11B
1.05B – 1.17B
+11.5% YoY
1.23B
1.18B – 1.28B
+10.6% YoY
EBIT
231.78M
est: 464.56M (-50.1%)
339.74M
est: 386.37M (-12.1%)
-89.94M
est: 371.71M (-124.2%)
-1.24B
est: 413.86M (-398.5%)
-154.44M
est: 413.86M (-137.3%)
-22.50M
est: 315.90M (-107.1%)
340.04M
est: 389.43M (-12.7%)
771.12M
est: 513.68M (+50.1%)
734.57M
est: 546.77M (+34.3%)
760.46M
est: 688.89M (+10.4%)
587.10M
est: 657.61M (-10.7%)
665.92M
648.65M – 683.18M
+1.3% YoY
742.26M
700.57M – 783.95M
+11.5% YoY
820.62M
786.09M – 855.15M
+10.6% YoY
Net Income
135.32M
est: 213.49M (-36.6%)
223.37M
est: 235.97M (-5.3%)
56.51M
est: 275.29M (-79.5%)
-1.30B
est: 460.69M (-382.2%)
61.48M
est: 471.93M (-87.0%)
280.15M
est: 483.17M (-42.0%)
438.21M
est: 651.71M (-32.8%)
681.05M
est: 853.97M (-20.2%)
997.02M
est: 921.39M (+8.2%)
922.02M
est: 1.05B (-12.5%)
811.95M
est: 891.42M (-8.9%)
918.58M
868.33M – 968.83M
+3.0% YoY
1.08B
1.02B – 1.14B
+17.4% YoY
1.28B
1.21B – 1.35B
+19.0% YoY
SGA
1.28B
est: 559.57M (+128.7%)
1.24B
est: 465.39M (+167.5%)
876.64M
est: 447.73M (+95.8%)
1.16B
est: 498.50M (+133.3%)
644.31M
est: 498.50M (+29.2%)
660.08M
est: 380.50M (+73.5%)
513.58M
est: 469.07M (+9.5%)
565.76M
est: 618.73M (-8.6%)
473.55M
est: 658.59M (-28.1%)
472.95M
est: 550.51M (-14.1%)
461.18M
est: 525.51M (-12.2%)
532.15M
518.35M – 545.94M
+1.3% YoY
593.15M
559.84M – 626.47M
+11.5% YoY
655.77M
628.18M – 683.37M
+10.6% YoY
EPS
0.14
est: 0.19 (-28.5%)
0.23
est: 0.21 (+9.5%)
0.06
est: 0.25 (-76.7%)
-1.32
est: 0.41 (-422.0%)
0.06
est: 0.42 (-85.1%)
0.28
est: 0.43 (-33.9%)
0.39
est: 0.58 (-32.1%)
0.61
est: 0.76 (-20.3%)
0.89
est: 0.82 (+8.5%)
0.82
est: 0.94 (-12.6%)
0.72
est: 0.79 (-9.2%)
0.82
0.77 – 0.86
+3.0% YoY
0.96
0.91 – 1.01
+17.4% YoY
1.14
1.08 – 1.20
+19.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-28 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-27 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-26 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-25 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-22 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-21 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-20 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-19 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-18 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-15 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-14 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-13 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-12 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-11 A- 4/5 4/5 4/5 4/5 3/5 3/5 3/5
2026-05-08 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-07 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-06 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-30 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-29 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-28 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-27 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-24 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
842.86M
OE per share TTM
0.75
Owner's Yield
5.87%
Maintenance CapEx ratio
1.00%
Maint CapEx / Avg PPE
26.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 13 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 284.3K 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 9.8K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 22.1K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 1.09M 0.06%
5 Vanguard Total World Stock ETF VT 0.00% 277.1K 0.06%
6 Vanguard Total International Stock ETF VXUS 0.00% 1.38M 0.05%
7 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 1.8K 0.22%
8 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 5.3K 0.22%
9 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 2.8K 0.22%
10 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 1.3K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
83.7K
Shares Outstanding
947.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Tao Wei GM & Director 540.6K male
Wensheng Su Deputy General Manager 454.8K male
Guangjun Yang Deputy General Manager 454.8K male
Bin Liu Chief Financial Officer & Joint Company Secretary 454.8K male
Qingliang Zhao Deputy General Manager 454.8K male
Nga Ting Wong Joint Company Secretary female
Jingyuan Jiang Director of Accounting Department
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits