What is First Tractor Company Limited's (601038.SS) StockRank?

MoatMap's StockRank for First Tractor Company Limited (601038.SS) is 46/100, with a Hold signal. This is a composite score combining Quality (52), Value (48), and Momentum (36) factor ranks across MoatMap's 20,000+ stock universe.

Does First Tractor Company Limited have an economic moat?

First Tractor Company Limited (601038.SS) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is First Tractor Company Limited a buy, hold, or sell?

MoatMap's current signal for First Tractor Company Limited (601038.SS) is Hold, based on a StockRank of 46/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is First Tractor Company Limited in?

First Tractor Company Limited (601038.SS) operates in the Industrials sector, specifically the Farm & Heavy Construction Machinery industry (China).

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601038.SS

HOLDREMOVE

First Tractor Company Limited · Industrials · China · $1.9B · Avg Vol: $8M/d

StockRank

P/E (TTM)

16.7x

ROE

10.4%

D/E

0.1x

Dividend %

2.3%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

First Tractor Company is a cyclical agricultural machinery manufacturer. It lacks pricing power and is highly dependent on government subsidies and agricultural cycle fluctuations.

COMPANY DESCRIPTION

First Tractor Company Limited is China's leading manufacturer of agricultural machinery, specializing in wheeled and crawler tractors under the iconic 'Dongfanghong' brand. The company possesses a strong competitive moat through its comprehensive R&D capabilities, extensive nationwide dealer network, and high domestic market share in high-horsepower tractors. It is a key beneficiary of China's agricultural modernization and mechanization policies.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	1.8B	1.7B	1.8B	1.6B	-4.6%
EPS	0.09	0.13	0.12	0.11	6.0%
Shares	1.1B	1.1B	1.1B	1.1B	0.0%
Debt	323.9M	353.8M	421.1M	449.6M	11.6%
Equity	880.4M	988.9M	1.1B	1.1B	8.7%
Op CF	532.3M	156.1M	179.7M	—	-41.9%
Inv CF	-309.7M	-297.0M	-195.6M	-159.5M	—
Fin CF	-20.8M	-51.2M	-49.7M	-42.4M	—

PRICE (1Y)-20.3%

SMA 50SMA 200

$1.58

RSI (14)

18.9

52W High

$2.30

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

10.5%63.6

ROE

10.4%59.7

GP/Assets

11.0%31.7

Op. Margin

12.8%71.5

FCF/Assets

-1.1%28.6

Piotroski

441.2

Int. Cover

50.0x86.9

D/E Ratio

0.06x84.2

Current Ratio

1.20x24.8

Value

P/E (TTM)

16.7x59.5

EV/EBITDA

12.8x46.2

P/FCF

—N/A

P/B

1.6x57.6

P/S

1.2x56.3

Div Yield

2.3%53.2

Momentum

52W High %

69%34.4

RS 6M

-33%33.6

SMA 50/200

0.95x29.7

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+31%39.4

Q Growth

6%47.2

FUNDAMENTALS

Market Cap

$1.9B

P/E (Forward)

12.8x

Gross Margin

15.1%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 601038.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
601038.SS	First Tractor Company Limited(you)	$1.9B	46	HOLD
000528.SZ	Guangxi Liugong Machinery Co., Ltd.	$2.4B	53	HOLD
0631.HK	Sany Heavy Equipment International Holdings Company Limited	$3.0B	42	HOLD
600841.SS	Shanghai New Power Automotive Technology Company Limited	$1.4B	55	HOLD
000680.SZ	Shantui Construction Machinery Co., Ltd.	$2.3B	59	HOLD
000923.SZ	HBIS Resources Co., Ltd.	$1.4B	33	SELL
600582.SS	Tiandi Science & Technology Co.Ltd	$3.0B	59	HOLD
000800.SZ	FAW Jiefang Group Co.,Ltd	$4.5B	53	HOLD
301039.SZ	CIMC Vehicles (Group) Co., Ltd.	$1.5B	67	BUY
600710.SS	Sumec Corporation Limited	$2.0B	74	BUY

Peer medians: ROE 6.0% · P/E 34.7x · Gross margin 22.9%

First Tractor Company Limited (601038.SS) — Stock Score Summary

First Tractor Company Limited (601038.SS) has a MoatMap StockRank of 46/100 based on Quality (52/100), Value (48/100), and Momentum (36/100) factor scores. The current signal is HOLD. First Tractor Company is a cyclical agricultural machinery manufacturer. It lacks pricing power and is highly dependent on government subsidies and agricultural cycle fluctuations.

Key Financial Metrics

Price	$1.58
Market Cap	$1.9B
P/E (TTM)	16.67
P/E (Forward)	12.77
Price/Book	1.64
Return on Equity	10.4%
Return on Invested Capital	10.5%
Debt/Equity	5.59
Gross Margin	15.1%
Operating Margin	12.8%
Revenue Growth	2.5%
Dividend Yield	2.3%
Free Cash Flow	$-24M

First Tractor Company Limited operates in the Farm & Heavy Construction Machinery industry, part of the Industrials sector (China).

Frequently Asked Questions

What is First Tractor Company Limited’s (601038.SS) StockRank?: MoatMap’s StockRank for First Tractor Company Limited (601038.SS) is 46/100, with a Hold signal. It is a composite of Quality (52), Value (48), and Momentum (36) factor ranks across MoatMap’s 20,000+ stock universe.
Does First Tractor Company Limited have an economic moat?: First Tractor Company Limited (601038.SS) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is First Tractor Company Limited a buy, hold, or sell?: MoatMap’s current signal for First Tractor Company Limited (601038.SS) is Hold, based on a StockRank of 46/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is First Tractor Company Limited in?: First Tractor Company Limited (601038.SS) operates in the Industrials sector, specifically the Farm & Heavy Construction Machinery industry (China).