Greenland Technologies Holding (GTEC) AI Stock Analysis

• Market Cap: $24.18M
• Dividend Yield: N/A
• Average Volume (3M): 220.36K
• Price to Earnings (P/E): 2.3
• Beta (1Y): 1.62
• Revenue Growth: -9.69%
• EPS Growth: N/A
• Country: US
• Employees: 345
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Industrial - Machinery
• EPS (TTM): -0.20
• Shares Outstanding: 17,394,226
• 10 Day Avg. Volume: 145,349
• 30 Day Avg. Volume: 220,359
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 0.32
• Enterprise Value/Gross Profit: 1.15
• Enterprise Value/Ebitda: 2.24
• 1Y Price Target: $1.50
• Price Target Upside: 8.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: $1.50 ▲(8.70% Upside)

The overall stock score for Greenland Technologies Holding is driven primarily by its mixed financial performance and bearish technical indicators. The stock's low P/E ratio suggests it is undervalued, which is a positive factor. However, the lack of revenue growth and cash flow challenges, combined with negative market momentum, weigh down the score.

Greenland Technologies Holding Business Overview & Revenue Model

Company Description

Greenland Technologies Holding Corporation (GTEC) is a technology-driven company primarily focused on providing innovative solutions in the electric industrial vehicle sector. The company operates through its subsidiaries and is involved in the design, manufacture, and sale of electric-powered vehicles, including forklifts and other material handling equipment. GTEC aims to enhance operational efficiencies in various industries by offering eco-friendly and cost-effective alternatives to traditional internal combustion engine vehicles.

How the Company Makes Money

Greenland Technologies generates revenue through the sale of its electric industrial vehicles, with a focus on forklifts and related equipment. The company's revenue model is primarily based on direct sales to businesses in sectors such as logistics, warehousing, and manufacturing. Additionally, GTEC may also earn income through service agreements, maintenance contracts, and parts sales related to its vehicles. Strategic partnerships with other manufacturers and distributors in the electric vehicle space further enhance GTEC's market reach and sales potential. The growing demand for sustainable and efficient industrial solutions contributes significantly to the company's revenue streams.

Greenland Technologies Holding Financial Statement Overview

Summary

Greenland Technologies Holding shows a mixed financial performance. The company maintains healthy profit margins and a strong balance sheet with improved leverage, but faces challenges in revenue growth and cash flow generation.

Income Statement

Greenland Technologies Holding shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) data indicates a gross profit margin of 27.6%, which is relatively healthy for the industry. However, the net profit margin has decreased to 9.4% from 16.8% in the previous year, indicating a decline in profitability. The revenue growth rate is negative, suggesting a contraction in sales. Despite these challenges, the EBIT and EBITDA margins remain positive, reflecting operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.27 in the TTM, showing improved leverage compared to previous years. The return on equity (ROE) is 12.3%, indicating decent profitability relative to shareholder equity. The equity ratio is not explicitly calculated, but the overall balance sheet suggests a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals some concerns, with a significant decline in free cash flow growth (-52.8%) in the TTM. However, the operating cash flow to net income ratio is 0.19, indicating that operating cash flows are covering net income. The free cash flow to net income ratio is above 1, suggesting that the company is generating sufficient free cash flow relative to its net income, despite the recent decline.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.60M	83.94M	90.33M	90.83M	98.84M	66.86M
Gross Profit	22.52M	22.53M	24.58M	19.84M	19.59M	12.81M
EBITDA	11.52M	19.00M	-20.87M	7.34M	12.21M	12.01M
Net Income	7.69M	14.07M	-15.88M	745.55K	6.27M	6.76M
Balance Sheet
Total Assets	123.57M	115.58M	130.48M	155.12M	162.57M	131.98M
Cash, Cash Equivalents and Short-Term Investments	23.59M	25.19M	25.80M	24.10M	13.17M	7.16M
Total Debt	18.58M	21.35M	41.93M	41.60M	54.97M	53.13M
Total Liabilities	60.34M	62.31M	79.82M	75.68M	87.72M	81.32M
Stockholders Equity	69.21M	60.21M	50.08M	65.71M	62.28M	44.89M
Cash Flow
Free Cash Flow	11.15M	11.38M	1.71M	6.79M	-6.65M	1.61M
Operating Cash Flow	10.42M	13.34M	2.45M	7.31M	-5.76M	2.70M
Investing Cash Flow	-459.69K	-1.87M	1.07M	33.69K	-638.98K	-822.77K
Financing Cash Flow	-26.27M	-30.90M	2.87M	-4.28M	14.46M	2.31M

Greenland Technologies Holding Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTEC, the sentiment is Neutral. The current price of 1.38 is above the 20-day moving average (MA) of 1.35, below the 50-day MA of 1.50, and below the 200-day MA of 1.81, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 84.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTEC.

Greenland Technologies Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTEC	61 Neutral	$24.18M	2.31	12.26%	―	-9.69%	―
CVV	51 Neutral	23.60M	-64.47	-1.45%	―	34.35%	93.12%
CETY	49 Neutral	19.11M	-3.71	-150.29%	―	-80.89%	50.92%
BWEN	46 Neutral	47.70M	-21.14	-3.73%	―	-18.38%	-128.11%
TPICQ	38 Underperform	1.66M	>-0.01	42.17%	―	4.77%	7.98%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Greenland Technologies Holding Corporate Events

Greenland Technologies Appoints New Acting CFO

On April 18, 2025, Greenland Technologies Holding Corporation, a company formed in the British Virgin Islands, experienced a change in its financial leadership. The company’s Chief Financial Officer, Mr. Jing Jin, resigned due to personal reasons, and Ms. Chenyang Wang was appointed as the acting CFO effective the same day. Ms. Wang, who has a background in financial management and investment analysis, entered into an employment and indemnification agreement with the company on April 22, 2025, ensuring her compensation and participation in share incentive plans.