PAVS Chart
About

Paranovus Entertainment Technology Ltd. operates in the artificial intelligence (AI)-powered entertainment industry. The company focuses on providing AI-driven games and applications. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is based in New York, New York.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Packaged Foods Market Cap 1.14M
Enterprise Value 3.32M Income -6.39M Sales 12.42M
Book/sh 18.44 Cash/sh 4.07 Dividend Yield
Payout 0.00% Employees 28 IPO
P/E Forward P/E PEG
P/S 0.09 P/B 0.02 P/C
EV/EBITDA -6.65 EV/Sales 0.27 Quick Ratio 0.88
Current Ratio 1.15 Debt/Eq 10.83 LT Debt/Eq
EPS (ttm) -2.72 EPS next Y EPS Growth
Revenue Growth 180.33% Earnings ROA -3.13%
ROE -21.54% ROIC Gross Margin 19.97%
Oper. Margin -5.06% Profit Margin -54.84% Shs Outstand 3.50M
Shs Float 67.25K Short Float 10.44% Short Ratio 0.61
Short Interest 52W High 140.00 52W Low 0.24
Beta -0.54 Avg Volume 3.37M Volume 4.68M
Target Price Recom None Prev Close $0.47
Price $0.32 Change -31.97%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$0.32
Latest analyst target
3. DCF / Fair value
$11.96
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.32
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-03-312024-03-312023-03-312022-03-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.18
NormalizedEBITDA-1.88M-2.06M-4.25M-10.16M
TotalUnusualItems-4.48M-1.81M0.000.00
TotalUnusualItemsExcludingGoodwill-4.48M-1.81M0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest-6.59M-4.49M-3.83M-5.37M
ReconciledDepreciation380.00K380.00K31.67K34.61K
ReconciledCostOfRevenue62.53K0.000.0020.50M
EBITDA-6.36M-3.87M-4.25M-10.16M
EBIT-6.74M-4.25M-4.28M-10.20M
NetInterestIncome-261.70K-39.17K1.001.54K
InterestExpense261.85K39.17K0.000.00
InterestIncome156.000.001.001.54K
NormalizedIncome-2.11M-2.68M-3.83M-5.37M
NetIncomeFromContinuingAndDiscontinuedOperation-7.89M-10.13M-71.74M-49.19M
TotalExpenses2.37M2.46M4.00M31.92M
TotalOperatingIncomeAsReported-6.78M-4.27M-4.00M-11.17M
DilutedAverageShares845.13K47.33K56.78K20.24K
BasicAverageShares845.13K47.33K56.78K20.24K
DilutedEPS-10.00-210.00-1.26K-2.42K
BasicEPS-10.00-210.00-1.26K-2.42K
DilutedNIAvailtoComStockholders-7.89M-10.13M-71.74M-49.19M
NetIncomeCommonStockholders-7.89M-10.13M-71.74M-49.19M
NetIncome-7.89M-10.13M-71.74M-49.19M
MinorityInterests412.18K-198.87K448.24K4.83M
NetIncomeIncludingNoncontrollingInterests-8.31M-9.93M-72.19M-54.02M
NetIncomeDiscontinuousOperations-1.30M-5.64M-67.91M-43.82M
NetIncomeContinuousOperations-7.00M-4.29M-4.28M-10.20M
TaxProvision0.000.000.00696.00
PretaxIncome-7.00M-4.29M-4.28M-10.20M
OtherIncomeExpense-4.44M-1.79M-277.29K964.20K
OtherNonOperatingIncomeExpenses42.61K19.91K-277.29K964.20K
SpecialIncomeCharges-4.48M-1.81M0.000.00
ImpairmentOfCapitalAssets4.48M1.81M0.000.00
NetNonOperatingInterestIncomeExpense-261.70K-39.17K1.001.54K
InterestExpenseNonOperating261.85K39.17K0.000.00
InterestIncomeNonOperating156.000.001.001.54K
OperatingIncome-2.30M-2.46M-4.00M-11.17M
OperatingExpense2.31M2.46M4.00M11.42M
ResearchAndDevelopment1.40M1.68M1.66M
SellingGeneralAndAdministration2.31M2.46M4.00M11.42M
SellingAndMarketingExpense1.45K94.00911.11K8.86M
GeneralAndAdministrativeExpense2.31M2.46M3.09M2.56M
OtherGandA2.31M2.46M3.09M2.56M
GrossProfit9.02K0.000.00257.26K
CostOfRevenue62.53K0.000.0020.50M
TotalRevenue71.54K0.000.0020.76M
OperatingRevenue71.54K0.000.0020.76M
Line Item2025-03-312024-03-312023-03-312022-03-31
OrdinarySharesNumber673.37K73.37K83.37K39.55K
ShareIssued673.37K73.37K83.37K39.55K
NetDebt1.99M1.91M
TotalDebt2.35M2.25M2.24M2.27M
TangibleBookValue-4.00M716.11K7.71M57.94M
InvestedCapital26.51M7.83M14.76M80.39M
WorkingCapital782.22K291.33K-11.17M38.64M
NetTangibleAssets-4.00M716.11K7.71M57.94M
CapitalLeaseObligations101.59K0.00
CommonStockEquity24.26M5.58M14.76M78.13M
TotalCapitalization24.26M5.58M14.76M78.13M
TotalEquityGrossMinorityInterest29.00M5.17M13.87M77.41M
MinorityInterest4.75M-412.18K-886.01K-710.75K
StockholdersEquity24.26M5.58M14.76M78.13M
GainsLossesNotAffectingRetainedEarnings2.53M2.55M7.22M11.93M
OtherEquityAdjustments2.53M2.55M7.22M11.93M
RetainedEarnings-70.26M-61.96M-59.45M12.29M
AdditionalPaidInCapital91.32M64.92M66.91M53.87M
CapitalStock673.30K73.30K83.30K39.55K
CommonStock673.30K73.30K83.30K39.55K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest6.56M2.56M22.47M20.01M
TotalNonCurrentLiabilitiesNetMinorityInterest158.09K0.001.51M2.08M
OtherNonCurrentLiabilities158.09K
LiabilitiesHeldforSaleNonCurrent0.001.51M
NonCurrentDeferredLiabilities1.51M2.08M0.00
NonCurrentDeferredTaxesLiabilities1.51M2.08M0.00
CurrentLiabilities6.40M2.56M20.95M17.93M
OtherCurrentLiabilities114.31K20.22M
CurrentDeferredLiabilities73.32K73.95K655.92K3.31M
CurrentDeferredRevenue73.32K73.95K655.92K3.31M
CurrentDebtAndCapitalLeaseObligation2.35M2.25M2.24M2.27M
CurrentCapitalLeaseObligation101.59K0.00
CurrentDebt2.25M2.25M2.24M2.27M
OtherCurrentBorrowings2.25M2.25M
LineOfCredit2.24M2.27M2.24M
PayablesAndAccruedExpenses3.98M122.12K76.38K12.35M
CurrentAccruedExpenses248.24K72.12K
InterestPayable218.63K39.17K
Payables3.73M50.00K76.38K12.35M
OtherPayable50.00K50.00K67.39K158.86K
DuetoRelatedPartiesCurrent1.95M0.00
TotalTaxPayable0.008.99K37.23K334.52K
IncomeTaxPayable143.36K37.23K334.52K
AccountsPayable1.73M0.0013.46M12.16M
TotalAssets35.56M7.73M36.34M97.43M
TotalNonCurrentAssets28.38M4.88M26.55M40.86M
OtherNonCurrentAssets12.60K19.49M
NonCurrentPrepaidAssets0.00252.005.63M5.14M
NonCurrentDeferredAssets0.003.80M0.00
NonCurrentDeferredTaxesAssets0.003.80M0.00
GoodwillAndOtherIntangibleAssets28.25M4.86M7.05M20.19M
OtherIntangibleAssets10.75M1.49M1.87M10.10M
Goodwill17.50M3.38M5.18M10.08M
NetPPE126.44K0.0013.47K11.25M
AccumulatedDepreciation0.000.00-7.46K-6.37M
GrossPPE126.44K0.0020.93K17.62M
OtherProperties101.59K
MachineryFurnitureEquipment24.86K0.005.82K2.28M
BuildingsAndImprovements14.64K15.11K15.35M12.81M
Properties0.000.000.000.00
CurrentAssets7.19M2.85M9.79M56.57M
OtherCurrentAssets12.21K1.65K77.67K226.17K
AssetsHeldForSaleCurrent0.001.01M4.43M
PrepaidAssets1.50M1.50M1.23M5.99M
Inventory653.34K0.00335.02K1.39M
FinishedGoods52.40K603.48K327.72K
WorkInProcess0.000.0034.72K
RawMaterials282.62K786.08K1.42M
Receivables285.75K2.00M29.23M34.56M
OtherReceivables2.00M
DuefromRelatedPartiesCurrent0.00408.11K0.00
TaxesReceivable752.000.00560.15K0.00
NotesReceivable0.0089.33K0.00
LoansReceivable273.64K0.00727.76K0.00
AccountsReceivable11.36K0.0027.45M34.56M
AllowanceForDoubtfulAccountsReceivable-854.62K-463.51K0.00
GrossAccountsReceivable2.56M27.91M34.56M
CashCashEquivalentsAndShortTermInvestments5.02M341.78K2.05M19.73M
OtherShortTermInvestments4.76M0.00
CashAndCashEquivalents261.36K341.78K2.05M19.73M
Line Item2025-03-312024-03-312023-03-312022-03-31
FreeCashFlow-2.67M-13.11M-20.71M-10.77M
RepaymentOfDebt-2.34M-2.29M-2.12M
IssuanceOfDebt158.09K0.000.002.25M
IssuanceOfCapitalStock27.00M0.003.00M18.88M
CapitalExpenditure-45.82K-273.65K-3.83M
InterestPaidSupplementalData0.000.000.000.00
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition261.36K944.24K3.36M19.73M
BeginningCashPosition944.24K3.36M19.73M36.20M
EffectOfExchangeRateChanges26.66K-1.00M1.09M95.58K
ChangesInCash-709.55K-1.41M-17.47M-16.57M
FinancingCashFlow29.01M0.003.15M18.83M
CashFromDiscontinuedFinancingActivities0.000.00145.52K-46.81K
CashFlowFromContinuingFinancingActivities29.01M0.003.00M18.88M
NetOtherFinancingCharges1.85M-5.0037.52K
CashDividendsPaid0.000.00-375.00K
NetCommonStockIssuance27.00M0.003.00M18.88M
CommonStockIssuance27.00M0.003.00M18.88M
NetIssuancePaymentsOfDebt158.09K0.000.00-46.81K
NetShortTermDebtIssuance158.09K0.000.00-46.81K
ShortTermDebtPayments-2.34M-2.29M-2.12M
ShortTermDebtIssuance158.09K0.000.002.25M
InvestingCashFlow-27.05M11.70M89.32K-8.48M
CashFromDiscontinuedInvestingActivities0.000.0089.32K-8.21M
CashFlowFromContinuingInvestingActivities-27.05M11.70M0.00-273.65K
NetInvestmentPurchaseAndSale-4.76M0.000.001.93M
SaleOfInvestment0.001.93M0.00
NetBusinessPurchaseAndSale-22.29M11.70M0.000.00
SaleOfBusiness0.0011.70M0.000.00
PurchaseOfBusiness-22.29M0.000.00-8.08M
NetIntangiblesPurchaseAndSale0.00-17.16K-1.05M
PurchaseOfIntangibles0.00-17.16K-1.05M
NetPPEPurchaseAndSale0.0065.55K-273.65K-2.78M
SaleOfPPE111.36K43.07K0.00
PurchaseOfPPE0.00-45.82K-273.65K-2.78M
OperatingCashFlow-2.67M-13.11M-20.71M-10.50M
CashFromDiscontinuedOperatingActivities304.11K3.16M54.48M44.50M
CashFlowFromContinuingOperatingActivities-2.59M-16.27M-75.19M-55.00M
ChangeInWorkingCapital100.12K-1.06M6.34K-2.10M
ChangeInOtherWorkingCapital1.72M
ChangeInOtherCurrentAssets1.72M
ChangeInPayablesAndAccruedExpense98.84K442.74K3.34K2.91M
ChangeInPayable98.84K442.74K3.34K2.91M
ChangeInAccountPayable1.31M-4.85M6.72M
ChangeInTaxPayable0.00106.14K4.28K-402.82K
ChangeInIncomeTaxPayable0.00106.14K4.28K-402.82K
ChangeInPrepaidAssets1.28K-1.50M3.00K-4.65M
ChangeInInventory0.001.05M-344.48K389.39K
ChangeInReceivables-11.36K24.98M-13.52K-2.11M
ChangesInAccountReceivables-11.36K24.89M-13.52K-2.11M
OtherNonCashItems-12.78K-7.47M-3.04M
StockBasedCompensation0.000.001.09M778.42K
ProvisionandWriteOffofAssets854.62K463.51K0.00
AssetImpairmentCharge4.86M1.81M0.000.00
DeferredTax3.23M-3.92M0.00
DeferredIncomeTax3.23M-3.92M0.00
DepreciationAmortizationDepletion380.00K380.00K31.67K34.61K
DepreciationAndAmortization380.00K380.00K31.67K34.61K
OperatingGainsLosses-285.82K530.12K
GainLossOnSaleOfPPE0.0097.55K0.000.00
GainLossOnSaleOfBusiness-383.38K95.93K0.00
NetIncomeFromContinuingOperations-8.31M-9.93M-72.19M-54.02M
SEC Filings

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