Greenland Technologies Holding (GTEC) AI Stock Analysis

• Market Cap: $32.18M
• Dividend Yield: N/A
• Average Volume (3M): 110.60K
• Price to Earnings (P/E): 1.6
• Beta (1Y): 1.93
• Revenue Growth: -8.81%
• EPS Growth: N/A
• Country: US
• Employees: 345
• Sector: Industrials
• Sector Strength: 93
• Industry: Industrial - Machinery
• EPS (TTM): 0.29
• Shares Outstanding: 17,394,226
• 10 Day Avg. Volume: 87,795
• 30 Day Avg. Volume: 110,600
• PEG Ratio: 0.15
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.44
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 0.14
• Enterprise Value/Gross Profit: 1.98
• Enterprise Value/Ebitda: 8.42
• 1Y Price Target: $2.50
• Price Target Upside: 39.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: $2.00 ▲(11.73%Upside)

Greenland Technologies Holding's stock is supported by strong financial performance and attractive valuation. However, mixed technical analysis indicates possible short-term challenges. The stock's low valuation suggests significant potential for appreciation if the company can address its revenue growth inconsistencies.

Greenland Technologies Holding Business Overview & Revenue Model

Company Description

Greenland Technologies Holding Corp. (GTEC) is a leading developer and manufacturer of drivetrain systems and electric industrial vehicles. Operating primarily within the green energy sector, the company focuses on the design, manufacture, and sale of electric industrial vehicles, such as forklifts, as well as the development of transmission and drivetrain systems for material handling machinery. Greenland Technologies leverages its expertise in engineering and innovation to provide advanced, sustainable industrial solutions that cater to a global market.

How the Company Makes Money

Greenland Technologies Holding makes money primarily through the sale of its electric industrial vehicles and drivetrain systems. The company generates revenue by selling these products to a variety of industries that require reliable and efficient material handling solutions. Key revenue streams include direct sales of electric forklifts and other industrial vehicles, as well as drivetrain systems for machinery used in logistics and warehousing sectors. Additionally, the company's earnings are bolstered by its strategic partnerships with other manufacturers and distributors, which help expand its market reach and enhance its distribution network. Greenland Technologies also invests in research and development to continually innovate its product offerings, ensuring they meet the evolving demands of its clients while contributing to sustainable industrial practices.

Greenland Technologies Holding Financial Statement Overview

Summary

Greenland Technologies Holding exhibits solid financial health with strong profitability and robust cash flow generation. Key strengths include a significant improvement in net income, a high gross profit margin of 28.4%, and effective cash flow management. However, inconsistent revenue growth and fluctuations in total assets indicate potential challenges.

Income Statement

Greenland Technologies Holding demonstrates strong profitability with a significant improvement in net income from previous losses, achieving a TTM net profit margin of 18.78%. The company also shows a robust gross profit margin of 28.4% and an EBITDA margin of 25.26% in the TTM. However, revenue growth has been inconsistent, with a decline in 2024, highlighting potential challenges in maintaining sales momentum.

Balance Sheet

The company's balance sheet is moderately strong with a debt-to-equity ratio of 0.3, indicating a conservative leverage position. The equity ratio is 54.47%, reflecting a solid equity base. However, the company has experienced fluctuations in total assets and stockholders' equity, suggesting potential volatility in financial stability.

Cash Flow

Greenland Technologies Holding shows strong cash flow management with a significant free cash flow improvement, evidenced by a TTM free cash flow of $22.93 million. The operating cash flow to net income ratio is high, indicating efficient cash generation relative to net income. The company's ability to generate positive free cash flow consistently is a notable strength.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.94M	90.33M	90.83M	98.84M	66.86M
Gross Profit	22.53M	24.58M	19.84M	19.59M	12.81M
EBITDA	19.00M	-20.87M	7.34M	12.21M	12.01M
Net Income	14.07M	-15.88M	745.55K	6.27M	6.76M
Balance Sheet
Total Assets	115.58M	130.48M	155.12M	162.57M	131.98M
Cash, Cash Equivalents and Short-Term Investments	25.19M	25.80M	24.10M	13.17M	7.16M
Total Debt	21.35M	41.93M	41.60M	54.97M	53.13M
Total Liabilities	62.31M	79.82M	70.20M	87.72M	81.32M
Stockholders Equity	60.21M	50.08M	65.71M	62.28M	44.89M
Cash Flow
Free Cash Flow	13.34M	1.71M	6.79M	-6.65M	1.61M
Operating Cash Flow	13.34M	2.45M	7.31M	-5.76M	2.70M
Investing Cash Flow	-1.87M	1.07M	33.69K	-638.98K	-822.77K
Financing Cash Flow	-30.90M	2.87M	-4.28M	14.46M	2.31M

Greenland Technologies Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTEC, the sentiment is Negative. The current price of 1.79 is below the 20-day moving average (MA) of 1.94, below the 50-day MA of 2.03, and below the 200-day MA of 2.00, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 36.70 is Neutral, neither overbought nor oversold. The STOCH value of 12.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GTEC.

Greenland Technologies Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTEC	69 Neutral	$32.18M	1.56	26.72%	―	-8.81%	―
CVV	63 Neutral	$27.11M	―	-0.26%	―	48.84%	98.75%
Sector *	58 Neutral	HK$14.94B	4.73	-2.78%	5.01%	3.80%	-54.55%
BWEN	58 Neutral	$57.40M	30.96	-1.24%	―	-25.94%	-108.22%
CETY	48 Neutral	$15.52M	―	-90.36%	―	-87.59%	51.14%
TPIC	45 Neutral	$43.30M	―	77.71%	―	1.71%	-3.55%

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.