tiprankstipranks
Trending News
More News >
Greenland Technologies Holding (GTEC)
NASDAQ:GTEC
US Market

Greenland Technologies Holding (GTEC) AI Stock Analysis

Compare
222 Followers

Top Page

GT

Greenland Technologies Holding

(NASDAQ:GTEC)

Rating:75Outperform
Price Target:
$2.50
▲(24.38%Upside)
The overall stock score for GTEC reflects a strong valuation due to a low P/E ratio, suggesting potential undervaluation. Technical analysis shows positive momentum with the stock trading above key moving averages and a positive MACD. Financial performance indicates improved profitability and cash flow management, though ongoing revenue and asset challenges remain.

Greenland Technologies Holding (GTEC) vs. SPDR S&P 500 ETF (SPY)

Greenland Technologies Holding Business Overview & Revenue Model

Company DescriptionGreenland 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. The company was founded in 2006 and is based in East Windsor, New Jersey.
How the Company Makes MoneyGreenland Technologies Holding generates revenue primarily through the sale of its electric industrial vehicles and drivetrain systems. The company's key revenue streams include the manufacturing and sale of electric forklifts and other industrial machinery, which are designed to meet the growing demand for environmentally friendly and efficient industrial solutions. GTEC's earnings are bolstered by strategic partnerships with distributors and industrial operators who integrate their products into various applications across different sectors. Additionally, the company invests in research and development to continuously innovate and expand its product offerings, ensuring a competitive edge in the industrial machinery market. Significant factors contributing to GTEC's earnings include the increasing global shift towards electrification and sustainable industrial practices, which drive demand for its cutting-edge products.

Greenland Technologies Holding Financial Statement Overview

Summary
Greenland Technologies Holding shows promising signs of financial recovery with improved profitability and cash flow, despite a recent dip in revenue. The company's debt management has improved, with a lower debt-to-equity ratio, enhancing financial stability. However, continued revenue decline and asset reduction are areas of concern that need to be addressed for sustained growth. Overall, the company is on a positive trajectory with strong profitability and liquidity, but there remain challenges in growth and asset management.
Income Statement
70
Positive
Greenland Technologies Holding has displayed fluctuating revenue trends with a recent decline in total revenue from the previous year. The company has managed to achieve a strong gross profit margin of 26.8% in the latest period. However, the net profit margin turned positive at 16.8% after a negative margin in the previous year, indicating improved profitability. The EBIT margin is solid at 15.0%, reflecting effective cost management. Despite the recent revenue decline, profitability has improved, which is a positive indicator.
Balance Sheet
60
Neutral
The company's balance sheet reflects a mixed picture. The debt-to-equity ratio has improved, now standing at 0.33, indicating a lower reliance on debt relative to equity. However, this is partially due to a significant decrease in total debt. The return on equity is strong at 23.4%, suggesting effective utilization of shareholder funds. The equity ratio of 50.7% indicates a balanced financial structure. The stability of equity and lower leverage are strengths, but the decrease in total assets is a concern.
Cash Flow
65
Positive
Cash flow from operations has significantly improved, with a free cash flow that grew robustly. The operating cash flow to net income ratio of 0.95 indicates strong cash generation relative to net earnings. The free cash flow to net income ratio is also robust at 0.95, highlighting efficient cash management. Despite the previous volatility, the current cash flow metrics suggest a healthier liquidity position.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
82.90M83.94M90.33M90.83M98.84M66.86M
Gross Profit
23.55M22.53M24.58M19.83M19.59M12.81M
EBIT
15.48M12.59M10.78M5.96M8.25M6.71M
EBITDA
17.18M19.00M-20.87M8.39M10.76M9.14M
Net Income Common Stockholders
15.57M14.07M-15.88M6.62M6.27M6.76M
Balance SheetCash, Cash Equivalents and Short-Term Investments
0.0025.19M25.80M24.10M13.17M7.16M
Total Assets
0.00115.58M130.48M155.12M162.57M131.98M
Total Debt
19.43M21.35M41.93M41.60M54.97M53.13M
Net Debt
19.43M14.69M18.95M25.30M43.91M45.97M
Total Liabilities
60.56M62.31M79.82M70.20M87.72M81.32M
Stockholders Equity
64.62M60.21M50.08M71.20M62.28M44.89M
Cash FlowFree Cash Flow
22.93M13.34M1.71M6.79M-6.65M1.61M
Operating Cash Flow
21.76M13.34M2.45M7.31M-5.76M2.70M
Investing Cash Flow
-689.52K-1.87M1.07M33.69K-638.98K-822.77K
Financing Cash Flow
-35.01M-30.90M2.87M-4.28M14.46M2.31M

Greenland Technologies Holding Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.01
Price Trends
50DMA
1.83
Positive
100DMA
1.86
Positive
200DMA
2.05
Negative
Market Momentum
MACD
0.05
Positive
RSI
51.79
Neutral
STOCH
54.73
Neutral
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 2.01 is below the 20-day moving average (MA) of 2.07, above the 50-day MA of 1.83, and below the 200-day MA of 2.05, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 54.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTEC.

Greenland Technologies Holding Risk Analysis

Greenland Technologies Holding disclosed 43 risk factors in its most recent earnings report. Greenland Technologies Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our ordinary shares may be delisted and prohibited from being traded under the Holding Foreign Companies Accountable Act if the PCAOB is unable to inspect our auditors. The delisting and the cessation of trading of our ordinary shares, or the treat of their being delisted and prohibited from being traded, may materially and adversely affect the value of your investment. Additionally, any inability of the PCAOB to conduct inspections deprives our investors with the benefits of such inspections. Q3, 2024
2.
To the extent cash in the business is in the PRC/Hong Kong or a PRC/Hong Kong entity, the funds may not be available to fund operations or for other use outside of the PRC/Hong Kong due to interventions in or the imposition of restrictions and limitations on the ability of our Company or our subsidiaries by the PRC government to transfer cash. Q3, 2024
3.
The outcome of litigation, inquiries, investigations, examinations, or other legal proceedings in which we are involved, in which we may become involved, or in which our clients or competitors are involved could distract management, increase our expenses, or subject us to significant monetary damages or restrictions on our ability to do business. Q3, 2024

Greenland Technologies Holding Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$36.88M1.7626.72%-8.81%
66
Neutral
$4.49B12.285.32%248.53%4.08%-12.00%
CVCVV
63
Neutral
$21.33M-0.26%48.84%98.75%
53
Neutral
$39.93M30.96-1.24%-25.94%-108.22%
49
Neutral
$66.16M77.71%1.71%-3.55%
44
Neutral
$15.76M-90.36%-87.59%51.14%
$6.15M248.940.14%7.69%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GTEC
Greenland Technologies Holding
2.01
0.58
40.56%
BWEN
Broadwind Energy
1.81
-2.20
-54.86%
CVV
CVD Equipment
3.48
-0.87
-20.00%
TPIC
TPI Composites
1.27
-3.49
-73.32%
CETY
Clean Energy Technologies
0.27
-0.96
-78.05%
JCSE
JE Cleantech Holdings Limited
1.15
0.01
0.88%

Greenland Technologies Holding Corporate Events

Executive/Board Changes
Greenland Technologies Appoints New Acting CFO
Neutral
Apr 23, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.