NASDAQ · HPH

Highest Performances Holdings Inc.

Financial Services · Asset Management

$6.65▲ 13.68% ($0.80)at close

As of 4:00 PM ET

52-week

$3.76$558.00

Market cap

$41.29M

P/E

-0.40

Volume

205.88K

Shares outstanding

6.21M

What the market price implies · Reverse DCF

Historical revenue grew by 75%/yr over the past 4 years.

Selected forecast · Base scenario

Unavailable · actual 10-year annualized revenue growth

Year 1 growth: —

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$6.65

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2024-06-30

Revenue-driven FCFF is not suitable for banks and financial services companies. Consider Price-to-Book or excess return models.

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth — · Ending margin — · Discount rate 7.7%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: May 2, 2025, 8:00 PM UTC
Financial statement period: TTM ending 2024-06-30
Data refreshed: Sep 11, 2026, 4:29 AM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -98.75%Revenue (TTM): 954.64%FCF (TTM): -803.94%

What changed

The stock fell 98.75% over the last year. Revenue grew 954.64% over the trailing twelve months. Operating margin moved from -51.03% to -7.04%. Free cash flow declined 803.94% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -7.04%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Operating within China's financial technology sector, Highest Performances Holdings Inc. specializes in the distribution of publicly offered and privately placed securities investment fund products, facilitated through both online and offline channels.

CEOMin Zhou

SectorFinancial Services

IndustryAsset Management

Employees230

IPO dateMar 29, 2019

https://www.puyiwm.com

Market multiples

Forward P/E—

EV/EBITDA-280.53

Enterprise value$7.48B

Price / Book0.23

Stock splits

Apr 14, 2025↓ Reverse

Every 60 shares became 1

-98%

Profitability & growth

Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.

Revenue growth1,208.49%

Gross margin35.84%▼50.1ppvs FY2023

Operating margin-7.1%▲44.3ppvs FY2023

ROE-145.56%▼127.3ppYoY

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 30, 2024

Q4 FY24 · EPS est — · Revenue est —

View