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GTEC

Greenland Technologies Holding NasdaqCM:GTEC Stock Report

Last Price

US$3.86

Market Cap

US$43.7m

7D

8.7%

1Y

-57.4%

Updated

26 Jun, 2022

Data

Company Financials +
GTEC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

GTEC Stock Overview

Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles.

Greenland Technologies Holding Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Greenland Technologies Holding
Historical stock prices
Current Share PriceUS$3.86
52 Week HighUS$12.60
52 Week LowUS$2.60
Beta2.53
1 Month Change11.24%
3 Month Change-34.47%
1 Year Change-57.44%
3 Year Changen/a
5 Year Changen/a
Change since IPO-48.60%

Recent News & Updates

May 11
Greenland Technologies Holding (NASDAQ:GTEC) Is Experiencing Growth In Returns On Capital

Greenland Technologies Holding (NASDAQ:GTEC) Is Experiencing Growth In Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Shareholder Returns

GTECUS MachineryUS Market
7D8.7%1.5%6.6%
1Y-57.4%-20.1%-18.4%

Return vs Industry: GTEC underperformed the US Machinery industry which returned -20.1% over the past year.

Return vs Market: GTEC underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is GTEC's price volatile compared to industry and market?
GTEC volatility
GTEC Average Weekly Movement10.3%
Machinery Industry Average Movement6.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: GTEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: GTEC's weekly volatility has decreased from 16% to 10% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006328Raymond Z. Wanghttps://ir.gtec-tech.com

Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers.

Greenland Technologies Holding Fundamentals Summary

How do Greenland Technologies Holding's earnings and revenue compare to its market cap?
GTEC fundamental statistics
Market CapUS$43.73m
Earnings (TTM)US$5.92m
Revenue (TTM)US$103.54m

7.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GTEC income statement (TTM)
RevenueUS$103.54m
Cost of RevenueUS$82.68m
Gross ProfitUS$20.86m
Other ExpensesUS$14.93m
EarningsUS$5.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.52
Gross Margin20.14%
Net Profit Margin5.72%
Debt/Equity Ratio14.3%

How did GTEC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GTEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GTEC?

Other financial metrics that can be useful for relative valuation.

GTEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA5.1x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does GTEC's PE Ratio compare to its peers?

GTEC PE Ratio vs Peers
The above table shows the PE ratio for GTEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.9x

Price-To-Earnings vs Peers: GTEC is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (35.9x).


Price to Earnings Ratio vs Industry

How does GTEC's PE Ratio compare vs other companies in the U.S. Machinery Industry?

Price-To-Earnings vs Industry: GTEC is good value based on its Price-To-Earnings Ratio (7.4x) compared to the US Machinery industry average (21.7x)


Price to Earnings Ratio vs Fair Ratio

What is GTEC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GTEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: GTEC is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).


Share Price vs Fair Value

What is the Fair Price of GTEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GTEC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GTEC's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: GTEC is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Greenland Technologies Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTEC's forecast earnings growth (25.8% per year) is above the savings rate (1.9%).

Earnings vs Market: GTEC's earnings (25.8% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: GTEC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GTEC's revenue (19.2% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: GTEC's revenue (19.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GTEC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Greenland Technologies Holding performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GTEC has high quality earnings.

Growing Profit Margin: GTEC's current net profit margins (5.7%) are lower than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: GTEC's earnings have grown significantly by 34.9% per year over the past 5 years.

Accelerating Growth: GTEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GTEC had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Machinery industry average (24%).


Return on Equity

High ROE: GTEC's Return on Equity (9.9%) is considered low.


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Financial Health

How is Greenland Technologies Holding's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GTEC's short term assets ($141.0M) exceed its short term liabilities ($83.9M).

Long Term Liabilities: GTEC's short term assets ($141.0M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: GTEC's net debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GTEC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GTEC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GTEC's interest payments on its debt are well covered by EBIT (20.1x coverage).


Balance Sheet


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Dividend

What is Greenland Technologies Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GTEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GTEC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GTEC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GTEC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GTEC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Raymond Z. Wang (37 yo)

2.67yrs

Tenure

US$540,760

Compensation

Mr. Raymond Z. Wang serves as Chief Executive Officer and President at Greenland Technologies Holding Corporation since October 24, 2019. Mr. Wang serves as Vice Chairman of the board of ONE Project. He ha...


CEO Compensation Analysis

Compensation vs Market: Raymond Z.'s total compensation ($USD540.76K) is about average for companies of similar size in the US market ($USD749.40K).

Compensation vs Earnings: Raymond Z.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: GTEC's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: GTEC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.


Top Shareholders

Company Information

Greenland Technologies Holding Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Greenland Technologies Holding Corporation
  • Ticker: GTEC
  • Exchange: NasdaqCM
  • Founded: 2006
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$43.732m
  • Shares outstanding: 11.33m
  • Website: https://ir.gtec-tech.com

Number of Employees


Location

  • Greenland Technologies Holding Corporation
  • Building 400
  • Suite 130
  • East Windsor
  • New Jersey
  • 8512
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.