Tdh Holdings (PETZ) AI Stock Analysis

• Market Cap: $11.87M
• Dividend Yield: N/A
• Average Volume (3M): 231.67K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.48
• Revenue Growth: -39.41%
• EPS Growth: N/A
• Country: US
• Employees: 17
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaged Foods
• EPS (TTM): 0.13
• Shares Outstanding: 10,323,268
• 10 Day Avg. Volume: 17,613
• 30 Day Avg. Volume: 231,666
• PEG Ratio: -0.04
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 22.89
• P/FCF Ratio: -6.10
• Enterprise Value/Market Cap: -0.02
• Enterprise Value/Revenue: -0.22
• Enterprise Value/Gross Profit: 2.55
• Enterprise Value/Ebitda: -0.10
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $1.00 ▼(-3.85% Downside)

The score is held back primarily by weak operating fundamentals—sharp 2024 revenue contraction and persistently negative operating/free cash flow—despite a healthier, low-leverage balance sheet and improved reported profitability. Technicals are supportive (uptrend with positive MACD) but are tempered by overbought signals. Valuation is relatively low on P/E, providing a modest offset.

Positive Factors

Balance Sheet Strength

Very low leverage and a sizable equity base provide structural financial flexibility, reducing interest burden and giving the company capacity to absorb operational shocks or raise incremental capital. This strengthens its ability to execute restructuring or strategic initiatives over months.

Improved Unit Economics

Sustained gross margin expansion and a return to net profitability indicate improving unit economics or cost control. If maintained, this supports durable earnings stability and margin resilience as revenue stabilizes, improving long-term cash generation potential.

Governance Actions

Board refresh and auditor ratification strengthen governance and financial oversight, which are structural positives for reporting quality and strategic accountability. Better governance can improve capital allocation, risk management and stakeholder confidence over multiple quarters.

Negative Factors

Revenue Contraction

A severe revenue decline erodes scale, pricing leverage and fixed-cost absorption, making profitable growth harder to achieve. Over a multi-month horizon, rebuilding top-line traction will be necessary for sustainable margins, investment and to avoid repeated profitability swings.

Negative Cash Generation

Persistent negative operating and free cash flow forces reliance on external funding or equity, constraining reinvestment and strategic initiatives. Over time this reduces financial optionality, risks balance sheet depletion and limits the company's ability to scale or withstand demand setbacks.

Earnings Volatility

Historic swings between losses and profits and volatile returns on equity undermine forecasting and capital allocation. Structural earnings unpredictability makes it harder to commit to long-term investments or secure favorable financing, raising execution risk over several quarters.

Tdh Holdings Business Overview & Revenue Model

Company Description

TDH Holdings, Inc., together with its subsidiaries, develops, manufactures, and sells pet food products for pet owners in the People's Republic of China, Asia, Europe, and North America. It offers approximately 200 products, which include 4 product lines consisting of pet chews, dried pet snacks, wet canned pet food, and dental health snacks, as well as non-food items, such as dog leashes, pet toys, etc. The company sells its products under the Pet Cuisine, Hum & Cheer, and various other brand names. It offers its products to retailers and wholesalers, as well as through e-commerce platform. The company was founded in 2002 and is based in Qingdao, the People's Republic of China.

How the Company Makes Money

TDH Holdings makes money through the production and sale of pet food products. The company's revenue model is centered around direct sales to retailers, distributors, and through online platforms. Key revenue streams include the sale of wet and dry pet food, as well as specialty products catering to specific dietary needs. Significant factors contributing to its earnings include brand recognition, distribution partnerships, and its ability to innovate and adapt to changing consumer preferences in the pet food market.

Tdh Holdings Financial Statement Overview

Summary

Financials are mixed and skew weak: revenue fell sharply in 2024 (-67.3% YoY) and operating/free cash flow remain persistently negative, despite improved reported profitability and a relatively solid, low-leverage balance sheet.

Income Statement

Operating performance is inconsistent. Revenue fell sharply in 2024 (-67.3% YoY) after relatively modest growth in prior years, raising concerns about demand stability and scale. Profitability improved versus 2023 (net income turned positive in 2024), and gross margin held up (42.3% in 2024 vs. 32.4% in 2023), but the business has a multi-year history of losses and volatile margins, suggesting earnings quality and repeatability remain key risks.

Balance Sheet

The balance sheet looks relatively solid in recent periods, with low leverage in 2024 (debt-to-equity ~0.09) and a sizable equity base versus total debt. Asset levels are stable to up versus 2023, and the company recovered from earlier years where equity was weak/negative (2020). The main drawback is that returns on equity have been highly volatile (deeply negative in 2023, positive in 2024), implying that despite improved capitalization, underlying profitability has not yet stabilized.

Cash Flow

Cash generation is a clear weakness. Operating cash flow is negative across all shown years, including 2024 (-0.23M) and 2023 (-2.49M), indicating the core business is not consistently producing cash. Free cash flow is also persistently negative and worsened in 2024 (-2.12M, down ~50% YoY), which increases reliance on external funding or balance sheet resources despite the recent improvement in reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.05M	563.73K	3.18M	3.10M	1.08M	622.80K
Gross Profit	-90.85K	238.42K	1.03M	1.05M	311.13K	173.11K
EBITDA	2.23M	1.43M	-8.23M	-3.02M	-3.15M	730.22K
Net Income	1.73M	2.68M	-23.63M	803.70K	-6.12M	-874.67K
Balance Sheet
Total Assets	37.80M	33.34M	28.90M	36.51M	32.05M	18.45M
Cash, Cash Equivalents and Short-Term Investments	31.53M	28.65M	26.98M	31.78M	22.46M	9.71M
Total Debt	3.45M	2.56M	1.04M	1.24M	5.48M	9.94M
Total Liabilities	7.79M	5.94M	3.85M	15.36M	18.68M	19.35M
Stockholders Equity	30.18M	27.30M	24.62M	20.72M	12.99M	-892.78K
Cash Flow
Free Cash Flow	2.26M	-2.12M	-2.50M	-2.07M	-2.43M	-2.68M
Operating Cash Flow	2.39M	-233.99K	-2.49M	-2.07M	-3.45M	-2.63M
Investing Cash Flow	1.47M	2.78M	-6.07M	-1.33M	-1.64M	3.36M
Financing Cash Flow	0.00	0.00	1.92M	6.06M	17.95M	-589.36K

Tdh Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PETZ, the sentiment is Positive. The current price of 1.04 is below the 20-day moving average (MA) of 1.07, above the 50-day MA of 1.03, and above the 200-day MA of 1.03, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 72.83 is Negative, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PETZ.

Tdh Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PETZ	52 Neutral	$11.87M	7.00	6.15%	―	-39.41%	―
NAII	48 Neutral	$24.95M	-2.09	-15.93%	―	18.19%	-35.22%
BON	46 Neutral	$13.41M	-5.85	1.32%	―	-15.44%	-94.04%
HCWC	46 Neutral	$5.98M	―	―	―	―	―
FAMI	42 Neutral	$8.22M	-0.16	-3.22%	―	-49.19%	-394.71%

Tdh Holdings Corporate Events

TDH Holdings Reports Robust Revenue Growth for H1 2025

On November 13, 2025, TDH Holdings, Inc. announced its financial results for the first half of 2025, reporting a significant increase in revenues by 466.38% to $0.59 million compared to the previous year. This growth is attributed to the economic recovery and increased market demand for commercial real estate, along with effective marketing strategies and personalized leasing solutions. Despite a reduction in operating losses, the gross profit margin decreased due to changes in cost allocations. The company reported a net income of $1.38 million, slightly up from the previous year, and highlighted its strengthened brand and customer relationships, which are expected to support continued revenue growth in the commercial real estate leasing business.