Bedrijfsoverzicht
Tantech Holdings Ltd is a specialized manufacturer dedicated to the development and production of bamboo-based charcoal products designed for diverse applications, including industrial energy, household cooking, heating, purification, agriculture, and cleaning within the People's Republic of China and international markets. The company operates within the Consumer Defensive sector, specifically the Household & Personal Products industry, a classification that suggests its products are essential items with demand that tends to remain relatively stable regardless of broader economic fluctuations. Tantech holds a market capitalization of $5.06 million, generates annual revenue of $41.98 million, and employs a workforce of 69 individuals. These financial figures indicate that the company operates as a micro-cap entity with a revenue base that is significant relative to its valuation, yet the small market cap suggests a niche position that may not yet reflect the full scale of its operations in the bamboo charcoal market.
Financiële gezondheid
The company reports a trailing twelve-month revenue of $41.98 million and a net income of $5.44 million, resulting in an EBITDA of $6.46 million. The gap between the $41.98 million in revenue and the $5.44 million in net income reveals a cost structure where operating expenses, including the cost of goods sold, consume approximately 87% of total revenue before accounting for taxes and interest, which is typical for manufacturing firms but warrants scrutiny given the margins. Tantech generates a free cash flow of $57.72 million, a figure that significantly exceeds its reported net income and suggests a highly efficient operational conversion of revenue into cash, providing substantial financial flexibility for capital allocation or debt reduction. The company maintains a gross margin of 20.0%, an operating margin of 15.9%, and a profit margin of 11.8%, indicating that while the manufacturing process yields a standard margin for the industry, operating expenses are substantial enough to compress the bottom line significantly. Regarding leverage, the firm holds $32.37 million in cash against $3.25 million in debt, creating a net cash position, while the debt-to-equity ratio stands at 2.13, which mathematically implies a capital structure where debt exceeds equity, potentially indicating an aggressive financing strategy despite the net cash balance. The current ratio of 2.85 demonstrates a robust short-term liquidity position, meaning the company possesses nearly three times the current assets required to cover its current liabilities without immediate distress. Return on Equity is reported at 3.8% and Return on Assets at 1.9%, metrics that reveal management's effectiveness in generating profits from shareholders' investments and the company's total asset base, respectively, are currently low and suggest room for efficiency improvements or asset optimization.
Waarderingsbeoordeling
The available facts list the P/E Ratio (TTM) and Forward P/E as N/A, which typically occurs when earnings are negative or the calculation results in a zero denominator, implying that traditional earnings-based valuation multiples are currently inapplicable or highly volatile. The price-to-book ratio is stated as 0.00, a figure that indicates the market capitalization is negligible relative to the company's book value or that the data source does not calculate a meaningful premium or discount over the net asset value. Alternative valuation metrics provide more insight, with a price-to-sales ratio of 0.12 and an EV/EBITDA of -2.57, suggesting the stock is priced at a fraction of its sales revenue and that the enterprise value relative to earnings is negative, likely due to accounting adjustments or the specific calculation of enterprise value in the absence of positive net income adjustments. The 52-week high is $4.05 and the 52-week low is $0.32, indicating an extreme trading range where the current price sits significantly below the 52-week high, reflecting high price volatility and potential investor uncertainty regarding the asset's intrinsic value. The beta value is 0.76, which indicates that the stock's price volatility is lower than that of the broader market, suggesting the company moves less dramatically than the overall index during periods of market stress or rally.
Growth & Income
Tantech Holdings Ltd experienced a revenue growth rate of -4.5% and an earnings growth rate of -11.5% year-over-year, indicating that earnings are declining at a faster pace than revenue, which implies rising cost pressures or margin compression that is outpacing the decline in sales volume. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the company reinvests all available earnings back into the business rather than distributing them to shareholders. This lack of a dividend payout suggests a growth-oriented capital allocation strategy, although the negative growth rates currently challenge the viability of such a strategy in the short term. The overall growth and income profile is characterized by negative year-over-year expansion in both top-line sales and bottom-line profitability, coupled with a complete absence of dividend income for investors seeking yield from this specific security.