कंपनी का अवलोकन
Farmmi, Inc. (FAMI) is a market participant primarily engaged in the processing and sale of agricultural products across a diverse international footprint including China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The entity specializes in providing specific edible fungi varieties such as Shiitake mushrooms, Mu Er mushrooms, bamboo fungi, agrocybe aegerila, and pleurotus to various markets. This operational model places the company within the Consumer Defensive sector, specifically inside the Packaged Foods industry, a classification that typically denotes businesses selling essential goods that demand consistent consumer spending regardless of economic cycles. The company operates with a relatively small workforce of 15 employees and maintains a current market capitalization of $16.85M alongside annual revenue of $27.97M. These valuation and revenue figures indicate that Farmmi, Inc. functions as a micro-cap entity with limited scale relative to larger industry peers, suggesting a niche operational position rather than broad market dominance within the global packaged foods landscape.
वित्तीय स्वास्थ्य
The financial statements for Farmmi, Inc. reveal a trailing twelve-month revenue of $27.97M, which is accompanied by a significant net income loss of $-53,098,648 and an EBITDA figure of $-47,020,984. The substantial disparity between the positive revenue of $27.97M and the deeply negative net income highlights an extreme cost structure where operating expenses far exceed gross revenue generation. Despite these reported earnings losses, the company reports a free cash flow of $43.90M, which suggests a degree of financial flexibility potentially derived from non-cash accounting adjustments or specific capital expenditure timing rather than core operational profitability. The margin analysis presents a gross margin of 2.9%, indicating that the company retains a very small portion of sales revenue after direct production costs are deducted. Furthermore, the operating margin stands at -393.8% and the profit margin is -189.8%, both figures pointing to severe inefficiencies or one-time charges that distort the relationship between revenue and operational earnings. In terms of balance sheet leverage, the company holds $803,477 in cash against $20.77M in debt, resulting in a debt-to-equity ratio of 16.77 which signifies a highly leveraged capital structure. The current ratio is reported at 9.35, a metric that theoretically indicates strong short-term liquidity, though this must be interpreted with caution given the massive negative net income figures. Finally, the Return on Equity is -36.3% and the Return on Assets is -17.7%, metrics that collectively reveal that management effectiveness in generating value for shareholders and utilizing assets is currently negative across all measured periods.
मूल्यांकन आकलन
Valuation metrics for Farmmi, Inc. show a P/E Ratio (TTM) of N/A and a Forward P/E of N/A, a status that implies the company is currently unprofitable on an earnings basis and therefore lacks a traditional earnings-based multiple for comparison. The price-to-book ratio is calculated at 0.05, which indicates that the market values the company at a fraction of its book value, suggesting a significant discount relative to its accounting net asset position. Additionally, the price-to-sales ratio is 0.60 and the EV/EBITDA stands at -0.78, providing alternative valuation perspectives that highlight the company's negative earnings power and low revenue multiple. Regarding trading ranges, the stock has a 52-week high of $2.22 and a 52-week low of $1.11, defining the volatility corridor within which the share price has fluctuated over the past year. The beta value is recorded at 1.65, which signifies that the stock price is expected to be 65% more volatile than the broader market index, reflecting higher systematic risk for equity holders.
Growth & Income
The growth profile for Farmmi, Inc. includes a revenue growth (YoY) of -57.3% and an earnings growth (YoY) of N/A, indicating a sharp contraction in top-line sales over the trailing twelve months. Since the earnings growth rate is N/A due to the absence of positive earnings, a direct comparison between earnings and revenue growth rates is not mathematically possible, but the negative revenue growth clearly signals a contraction in business volume or pricing power. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means all available earnings are theoretically reinvested or retained within the firm rather than distributed to shareholders. Consequently, the overall growth and income profile is characterized by significant revenue contraction, negative earnings performance, and a total absence of dividend income for investors seeking passive cash flow from this specific security.