Tantech Holdings (TANH) AI Stock Analysis

• Market Cap: $5.09M
• Dividend Yield: N/A
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.67
• Revenue Growth: -14.59%
• EPS Growth: -135.25%
• Country: US
• Employees: 86
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): N/A
• Shares Outstanding: 6,138,555
• 10 Day Avg. Volume: 283,150
• 30 Day Avg. Volume: 1,218,846
• PEG Ratio: 0.01
• Price to Book (P/B): 0.03
• Price to Sales (P/S): 0.08
• P/FCF Ratio: 0.91
• Enterprise Value/Market Cap: -5.50
• Enterprise Value/Revenue: -0.67
• Enterprise Value/Gross Profit: -3.35
• Enterprise Value/Ebitda: -2.98
• 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: 56 Neutral
• Price Target: $0.90 ▼(-10.79% Downside)

The score is primarily supported by balance-sheet strength (high equity, very low leverage) and positive free cash flow, but is held back by declining revenue and ongoing net losses. Technicals are notably weak with price below all major moving averages and negative MACD, and valuation is constrained by a negative P/E and no dividend yield.

Positive Factors

Balance Sheet Strength

A very high equity ratio and minimal leverage provide a durable financial cushion, lowering bankruptcy risk and preserving flexibility to fund capex, R&D or M&A. This conservatism supports long-term strategic initiatives in capital-intensive sustainability markets.

Positive Free Cash Flow

Sustaining positive free cash flow despite net losses indicates disciplined cash management and the ability to fund operations and strategic investments internally. This reduces reliance on external financing and supports longer-term investment and resilience.

Market Position in Sustainable Bamboo Products

Leadership in bamboo-derived materials targets durable secular tailwinds—eco-friendly consumer goods, construction, and bioenergy. Diversified end markets, partnerships and government incentives underpin long-term demand and competitive differentiation.

Negative Factors

Declining Revenue Trend

Multi-year revenue decline signals weakening top-line momentum and potential loss of market share or demand. Persistent shrinkage limits operating leverage, constrains margin expansion, and increases pressure on management to restore sustainable growth over the medium term.

Weak Profitability Margins

Negative net margins with modest EBITDA reflect limited ability to convert sales into durable profits. Even with improving EBIT, low operating margins reduce internal reinvestment capacity and make the business more sensitive to revenue declines or raw material cost pressure.

Operating Cash Flow vs Accounting Earnings

A negative operating-cash-flow-to-net-income ratio indicates earnings quality and timing issues, where accounting results don't translate into cash. This can constrain funding for capex, working capital, or acquisitions without drawing on equity or increasing leverage.

Tantech Holdings Business Overview & Revenue Model

Company Description

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in two segments: Consumer Products and Electric Vehicle. It provides pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. The company also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control products, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. In addition, it provides bamboo vinegar, a liquid byproduct for use in disinfectants, detergents, lotions, specialized soaps, toilet cleaners, and fertilizers, as well as in various agricultural applications; and trades in charcoal products. Further, the company develops and sells electric buses, electric logistics cars, and specialty electric vehicles, such as brushless cleaning cars, electric cleaning cars, special emergency vehicles, and funeral cars; and solar cells, lithium-ion batteries, auto parts, and electric control systems. It is also involved in the supply chain business. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.

How the Company Makes Money

Tantech generates revenue primarily through the sale of its bamboo-based products, which cater to both consumer and industrial markets. The company has established key revenue streams from the manufacturing and distribution of bamboo charcoal, bamboo fibers, and other innovative bamboo-derived products. Additionally, Tantech engages in partnerships with various companies and organizations to expand its market reach and enhance product development, particularly in the renewable energy sector. The company also benefits from government incentives and grants aimed at promoting sustainable practices, which contribute to its overall earnings.

Tantech Holdings Financial Statement Overview

Summary

Financial position is stable with very high equity ratio (~91.9%) and minimal leverage (debt-to-equity ~0.03), and free cash flow remains positive. However, revenue declined from 2022 to 2024 and net margin is negative (-7.5%), which limits the score despite improved EBIT margin (9.3% in 2024).

Income Statement

Tantech Holdings has experienced fluctuating revenue over the years, with a decline from 2022 to 2024. The gross profit margin for 2024 is approximately 20.8%, indicating effective cost management relative to revenue. However, the net profit margin is negative at -7.5%, signaling overall losses. The EBIT margin improved to 9.3% in 2024 from negative values in previous years, showing some operational improvement. The EBITDA margin is 5.9%, reflecting moderate operating profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with an equity ratio of approximately 91.9% in 2024, indicating financial stability. The debt-to-equity ratio is low at 0.03, suggesting minimal leverage risk. Return on equity is negative due to net losses, but the high equity ratio provides a cushion against potential financial distress.

Cash Flow

Tantech Holdings has maintained positive free cash flow, with a slight decline from 2023 to 2024. The operating cash flow to net income ratio is negative, indicating cash flow generation challenges relative to accounting profits. The free cash flow to net income ratio is positive, suggesting effective cash management despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.94M	42.94M	47.32M	53.49M	55.26M	42.28M
Gross Profit	8.35M	8.94M	10.17M	10.09M	10.43M	4.48M
EBITDA	9.39M	2.54M	8.25M	7.03M	-6.56M	-9.46M
Net Income	4.96M	-3.24M	5.58M	3.02M	-8.36M	-6.52M
Balance Sheet
Total Assets	180.71M	142.95M	141.69M	134.13M	134.53M	116.30M
Cash, Cash Equivalents and Short-Term Investments	32.37M	35.19M	29.09M	18.98M	43.14M	37.12M
Total Debt	3.21M	4.51M	9.51M	9.31M	12.87M	8.68M
Total Liabilities	27.89M	14.68M	18.68M	18.20M	21.99M	16.80M
Stockholders Equity	140.79M	131.31M	125.72M	118.08M	114.26M	98.85M
Cash Flow
Free Cash Flow	-3.97M	3.90M	4.86M	8.21M	-8.31M	14.03M
Operating Cash Flow	-3.86M	3.99M	5.26M	8.29M	-8.09M	14.17M
Investing Cash Flow	-1.60M	-1.92M	-2.58M	-45.00M	524.08K	-122.96K
Financing Cash Flow	2.50M	3.47M	7.43M	15.29M	12.81M	8.94M

Tantech Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TANH, the sentiment is Negative. The current price of 1.01 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 1.01, and below the 200-day MA of 1.67, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 35.45 is Neutral, neither overbought nor oversold. The STOCH value of 31.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TANH.

Tantech Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UG	74 Outperform	$33.45M	17.07	17.85%	9.81%	-18.29%	-43.76%
ACU	66 Neutral	$167.50M	18.09	9.02%	1.48%	2.35%	-50.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TANH	56 Neutral	$5.09M	-0.05	4.57%	―	-14.59%	-135.25%
TKLF	55 Neutral	$13.21M	2.03	16.79%	―	7.75%	-21.61%
MTEX	46 Neutral	$14.43M	-8.61	-19.54%	―	-9.17%	-4.64%
GROV	43 Neutral	$62.08M	-2.33	-130.15%	―	-15.42%	7.12%

Tantech Holdings Corporate Events

Tantech Holdings Boosts Assets and Equity on Rising Investments and New Acquisition Obligations

On December 19, 2025, Tantech Holdings filed a Form 6-K reporting unaudited financial results for the six months ended June 30, 2025, along with recent corporate developments. The mid-year balance sheet shows total assets rising to about $180.5 million from $143.0 million at year-end 2024, driven largely by a sharp increase in long-term investments and higher accounts receivable, even as cash declined and certain financing receivables and related-party balances were eliminated. Current liabilities more than doubled to roughly $26.6 million, reflecting a new acquisition consideration payable, while total liabilities rose to $27.9 million; however, total equity also increased to $152.7 million, aided by higher retained earnings, additional paid-in capital and a swing to a positive non-controlling interest. The filing includes detailed financial statements, management’s discussion and analysis, and an English translation of a supplemental equity transfer agreement dated June 30, 2025 between Shanghai Jiamu Investment Management and Lishui Damushan Tea, underscoring active deal-making and capital deployment that could reshape Tantech’s balance sheet structure and exposure to affiliates.

The most recent analyst rating on (TANH) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Tantech Holdings stock, see the TANH Stock Forecast page.