GTEC Chart
About

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions. Its products are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. Greenland Technologies Holding Corporation was and is headquartered in East Windsor, New Jersey.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Auto Parts Market Cap 16.87M
Enterprise Value -24.16M Income 14.11M Sales 86.17M
Book/sh 4.34 Cash/sh 1.90 Dividend Yield —
Payout 0.00% Employees 345 IPO —
P/E 0.78 Forward P/E 2.50 PEG —
P/S 0.20 P/B 0.17 P/C —
EV/EBITDA -1.80 EV/Sales -0.28 Quick Ratio 1.39
Current Ratio 1.93 Debt/Eq 2.00 LT Debt/Eq —
EPS (ttm) 0.96 EPS next Y 0.30 EPS Growth —
Revenue Growth 24.30% Earnings 2025-03-26 16:00 ROA 5.63%
ROE 20.95% ROIC — Gross Margin 29.17%
Oper. Margin 21.65% Profit Margin 16.37% Shs Outstand 22.48M
Shs Float 12.59M Short Float 6.53% Short Ratio 0.61
Short Interest — 52W High 2.58 52W Low 0.58
Beta 0.02 Avg Volume 571.01K Volume 158.96K
Target Price $6.00 Recom None Prev Close $0.76
Price $0.75 Change -1.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.00
Mean price target
2. Current target
$0.75
Latest analyst target
3. DCF / Fair value
$13.08
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.75
Low
$6.00
High
$6.00
Mean
$6.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2022-05-18 init Litchfield Hills — → Buy $15
2021-05-13 init Aegis Capital — → Buy $14
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems159.10K-355.74K-437.55K361.11
TaxRateForCalcs0.090.250.160.20
NormalizedEBITDA17.24M-19.45M10.16M12.21M
TotalUnusualItems1.75M-1.42M-2.82M1.78K
TotalUnusualItemsExcludingGoodwill1.75M-1.42M-2.82M1.78K
NetIncomeFromContinuingOperationNetMinorityInterest14.07M-15.88M745.55K6.27M
ReconciledDepreciation2.25M2.19M2.44M2.51M
ReconciledCostOfRevenue61.41M65.76M71.00M79.25M
EBITDA19.00M-20.87M7.34M12.21M
EBIT16.75M-23.06M4.91M9.70M
NetInterestIncome780.15K-107.32K-346.15K-518.97K
InterestExpense84.24K250.41K402.97K587.26K
InterestIncome864.39K143.09K56.82K68.30K
NormalizedIncome12.47M-14.81M3.12M6.26M
NetIncomeFromContinuingAndDiscontinuedOperation14.07M-15.88M745.55K6.27M
TotalExpenses70.47M113.32M84.87M90.59M
TotalOperatingIncomeAsReported12.59M10.78M5.96M8.25M
DilutedAverageShares13.59M13.23M11.89M10.84M
BasicAverageShares13.59M13.23M11.89M10.84M
DilutedEPS1.03-1.200.060.58
BasicEPS1.03-1.200.060.58
DilutedNIAvailtoComStockholders14.07M-15.88M745.55K6.27M
NetIncomeCommonStockholders14.07M-15.88M745.55K6.27M
NetIncome14.07M-15.88M745.55K6.27M
MinorityInterests-1.09M9.14M-3.06M-1.00M
NetIncomeIncludingNoncontrollingInterests15.15M-25.02M3.80M7.27M
NetIncomeContinuousOperations15.15M-25.02M3.80M7.27M
TaxProvision1.51M1.71M699.69K1.84M
PretaxIncome16.67M-23.31M4.50M9.11M
OtherIncomeExpense2.41M-210.59K-1.11M1.38M
OtherNonOperatingIncomeExpenses659.20K1.21M1.71M1.38M
SpecialIncomeCharges5.86K-331.07K-1.51K1.78K
GainOnSaleOfPPE5.86K-31.07K-1.51K1.78K
WriteOff0.00300.00K0.00
GainOnSaleOfSecurity1.75M-1.09M-2.81M
NetNonOperatingInterestIncomeExpense780.15K-107.32K-346.15K-518.97K
InterestExpenseNonOperating84.24K250.41K402.97K587.26K
InterestIncomeNonOperating864.39K143.09K56.82K68.30K
OperatingIncome13.48M-22.99M5.96M8.25M
OperatingExpense9.06M47.57M13.88M11.34M
OtherOperatingExpenses-881.17K-692.44K-1.03M
ProvisionForDoubtfulAccounts0.0034.46M0.00
ResearchAndDevelopment2.94M5.42M5.79M5.53M
SellingGeneralAndAdministration7.00M8.37M8.09M5.82M
SellingAndMarketingExpense2.15M2.32M2.63M1.87M
GeneralAndAdministrativeExpense4.85M6.05M5.46M3.95M
OtherGandA4.85M6.05M5.46M3.95M
GrossProfit22.53M24.58M19.83M19.59M
CostOfRevenue61.41M65.76M71.00M79.25M
TotalRevenue83.94M90.33M90.83M98.84M
OperatingRevenue83.94M90.33M90.83M98.84M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber13.59M13.59M12.98M11.33M
ShareIssued13.59M13.59M12.98M11.33M
NetDebt13.01M16.77M22.65M43.41M
TotalDebt21.35M41.93M41.60M54.75M
TangibleBookValue56.85M46.44M61.93M58.25M
InvestedCapital79.87M89.84M104.66M116.76M
WorkingCapital35.11M27.27M59.70M53.84M
NetTangibleAssets56.85M46.44M61.93M58.25M
CapitalLeaseObligations1.68M2.17M2.65M278.84K
CommonStockEquity60.21M50.08M65.71M62.28M
TotalCapitalization60.21M50.08M65.71M62.28M
TotalEquityGrossMinorityInterest53.27M50.65M79.43M74.84M
MinorityInterest-6.94M573.17K13.72M12.56M
StockholdersEquity60.21M50.08M65.71M62.28M
GainsLossesNotAffectingRetainedEarnings135.23K1.26M1.01M4.86M
OtherEquityAdjustments135.23K1.26M1.01M4.86M
RetainedEarnings32.60M18.54M34.41M33.67M
AdditionalPaidInCapital27.47M30.29M30.29M23.76M
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest62.31M79.82M75.68M87.72M
TotalNonCurrentLiabilitiesNetMinorityInterest4.77M7.30M9.47M2.26M
DerivativeProductLiabilities2.34M4.08M5.48M0.00
NonCurrentDeferredLiabilities1.26M1.53M1.81M2.21M
NonCurrentDeferredRevenue1.26M1.53M1.81M2.21M
LongTermDebtAndCapitalLeaseObligation1.17M1.68M2.18M47.61K
LongTermCapitalLeaseObligation1.17M1.68M2.18M47.61K
CurrentLiabilities57.54M72.52M66.21M85.46M
CurrentDeferredLiabilities328.87K137.99K227.43K387.92K
CurrentDeferredRevenue328.87K137.99K227.43K387.92K
CurrentDebtAndCapitalLeaseObligation20.18M40.24M39.42M54.70M
CurrentCapitalLeaseObligation516.67K487.69K472.18K231.22K
CurrentDebt19.67M39.75M38.95M54.47M
OtherCurrentBorrowings300.00K1.69M3.62M
LineOfCredit0.003.04M8.99M8.76M
CurrentNotesPayable19.37M36.71M28.27M42.09M
PayablesAndAccruedExpenses37.03M32.14M26.56M30.37M
CurrentAccruedExpenses1.83M660.99K569.29K175.69K
Payables35.20M31.48M25.99M30.20M
OtherPayable1.58M1.11M836.33K990.96K
DuetoRelatedPartiesCurrent9.04M3.83M2.68K2.90K
TotalTaxPayable1.47M1.27M334.25K139.84K
AccountsPayable23.10M25.27M24.82M29.06M
TotalAssets115.58M130.48M155.12M162.57M
TotalNonCurrentAssets22.93M30.69M29.21M23.26M
OtherNonCurrentAssets247.66K1.05M283.12K44.09K
NonCurrentDeferredAssets426.49K256.56K219.21K141.62K
NonCurrentDeferredTaxesAssets426.49K256.56K219.21K141.62K
DuefromRelatedPartiesNonCurrent0.006.46M0.00
NonCurrentAccountsReceivable6.46M
InvestmentsAndAdvances4.13M9.92M250.00K0.00
InvestmentinFinancialAssets4.13M9.92M250.00K
AvailableForSaleSecurities4.13M9.92M250.00K
GoodwillAndOtherIntangibleAssets3.36M3.64M3.79M4.04M
OtherIntangibleAssets3.36M3.64M3.79M4.04M
Goodwill0.003.89K
NetPPE14.76M15.82M18.21M19.04M
AccumulatedDepreciation-20.79M-19.33M-17.76M-16.68M
GrossPPE35.55M35.15M35.98M35.72M
ConstructionInProgress5.89K22.64K17.08K407.20K
OtherProperties1.87M2.37M2.85M286.80K
MachineryFurnitureEquipment22.55M21.31M21.33M22.27M
BuildingsAndImprovements11.13M11.44M11.78M12.75M
Properties0.000.000.000.00
CurrentAssets92.65M99.79M125.91M139.31M
OtherCurrentAssets1.54M53.20K1.57M14.52K
RestrictedCash1.95M5.21M3.43M6.74M
PrepaidAssets1.81M288.58K412.77K434.89K
Inventory23.38M24.60M23.10M25.80M
InventoriesAdjustmentsAllowances-541.42K-638.93K-375.85K-23.79K
FinishedGoods11.37M12.19M12.10M12.27M
WorkInProcess1.74M2.50M2.26M2.62M
RawMaterials10.81M10.54M9.11M10.94M
Receivables38.77M43.84M73.30M93.15M
DuefromRelatedPartiesCurrent235.50K225.93K30.21M39.68M
NotesReceivable22.74M27.14M28.75M37.55M
AccountsReceivable15.80M16.48M14.34M15.92M
AllowanceForDoubtfulAccountsReceivable0.00-867.87K-762.33K-859.32K
GrossAccountsReceivable15.80M17.35M15.10M16.77M
CashCashEquivalentsAndShortTermInvestments25.19M25.80M24.10M13.17M
OtherShortTermInvestments18.54M2.82M7.80M2.11M
CashAndCashEquivalents6.66M22.98M16.30M11.06M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow13.34M2.45M7.31M-5.76M
RepaymentOfDebt-25.14M-12.42M-25.46M-23.86M
IssuanceOfDebt5.56M15.99M11.70M24.08M
IssuanceOfCapitalStock0.009.20M8.21M
InterestPaidSupplementalData48.44K277.16K405.17K637.97K
IncomeTaxPaidSupplementalData1.59M977.99K695.32K1.63M
EndCashPosition8.61M28.19M19.73M17.80M
BeginningCashPosition28.19M19.73M17.80M9.40M
EffectOfExchangeRateChanges-150.31K2.07M-1.13M329.78K
ChangesInCash-19.43M6.39M3.06M8.07M
FinancingCashFlow-30.90M2.87M-4.28M14.46M
CashFlowFromContinuingFinancingActivities-30.90M2.87M-4.28M14.46M
NetOtherFinancingCharges-5.39M281.41K6.03M
CashDividendsPaid-5.93M-703.60K0.00
NetCommonStockIssuance0.009.20M8.21M
CommonStockIssuance0.009.20M8.21M
NetIssuancePaymentsOfDebt-19.58M3.57M-13.76M226.04K
NetShortTermDebtIssuance-19.58M3.57M-9.94M5.36M
ShortTermDebtPayments-25.14M-12.42M-21.63M-18.72M
ShortTermDebtIssuance5.56M15.99M11.70M24.08M
NetLongTermDebtIssuance0.00-3.83M-5.13M
LongTermDebtPayments0.00-3.83M-5.13M
LongTermDebtIssuance0.00
InvestingCashFlow-1.87M1.07M33.69K-638.98K
CashFlowFromContinuingInvestingActivities-1.87M1.07M33.69K-638.41K
NetOtherInvestingChanges-1.96M676.75K283.69K-642.55K
NetInvestmentPurchaseAndSale0.00444.15K0.00
SaleOfInvestment0.00444.15K0.00
NetBusinessPurchaseAndSale0.00-50.00K-250.00K0.00
PurchaseOfBusiness0.00-50.00K-250.00K0.00
NetPPEPurchaseAndSale96.03K0.000.003.57K
SaleOfPPE96.03K0.000.003.57K
OperatingCashFlow13.34M2.45M7.31M-5.76M
CashFlowFromContinuingOperatingActivities13.34M2.45M7.31M-5.76M
ChangeInWorkingCapital-3.51M-9.03M-1.98M-15.43M
ChangeInOtherWorkingCapital195.04K-83.20K-133.80K12.99K
ChangeInOtherCurrentLiabilities-777.72K-167.28K1.07M-1.26M
ChangeInOtherCurrentAssets-11.14M-6.34M-7.80M-1.42M
ChangeInPayablesAndAccruedExpense4.22M1.74M-1.99M6.16M
ChangeInPayable4.22M1.74M-1.99M6.16M
ChangeInAccountPayable-1.52M1.16M-2.08M6.46M
ChangeInTaxPayable469.76K572.86K94.63K106.89K
ChangeInIncomeTaxPayable469.76K572.86K94.63K106.89K
ChangeInPrepaidAssets-1.52M122.59K-11.19K23.46K
ChangeInInventory689.51K-2.40M400.98K-9.97M
ChangeInReceivables4.82M-1.89M6.48M-8.97M
ChangesInAccountReceivables1.11M-2.69M406.96K-3.03M
OtherNonCashItems2.33M525.39K117.52K
ProvisionandWriteOffofAssets-945.28K34.86M327.22K-125.64K
AssetImpairmentCharge0.00300.00K0.00
DeferredTax-179.49K-43.72K-90.26K20.40K
DeferredIncomeTax-179.49K-43.72K-90.26K20.40K
DepreciationAmortizationDepletion2.25M2.19M2.44M2.51M
DepreciationAndAmortization2.25M2.19M2.44M2.51M
OperatingGainsLosses-1.75M-1.34M2.82M-1.78K
GainLossOnInvestmentSecurities-1.75M-1.37M2.81M
GainLossOnSaleOfPPE-5.86K31.07K1.51K-1.78K
NetIncomeFromContinuingOperations15.15M-25.02M3.80M7.27M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for GTEC
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