Greenland Technologies Holding Corp. (GTEC) stock analysis
Close on Nov 11, 2026Market cap $13.33MP/E 1.0Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Solid16 of 30 checks passed
Greenland Technologies passes 16 of the 30 checks behind our score; 8 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 5/6
- Growth
- 3/6
- Past performance
- 4/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 93.3% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $0.50 is below our fair value estimate of $7.52.
Return on capital over 10%
Return on invested capital was 32.3%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 3.1% of shareholders' equity, under the 40% we consider low.
What to watch
Return on equity under 15%
Return on equity was 14.8% over the last twelve months and averaged 3.7% over five years; we look for 15% on both.
Earnings shrank over 5 years
Net income shrank 6.1% a year on average over the last five fiscal years.
Revenue growing under 10% a year
Revenue grew -0.1% a year over the last three fiscal years, short of the 10% we look for.
Earnings growth not accelerating
Net income grew -10.7% over the last twelve months, against a 5-year average of -6.1% a year.
Valuation5/6
P/E below its 5-year median
Greenland Technologies's P/E of 1.0 is below its own 5-year median of 5.0.
P/E below the industry
Greenland Technologies's P/E of 1.0 is below the General Industrial Machinery and Equipment median of 26.9.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B below the industry
Greenland Technologies's price-to-book of 0.14 is below the General Industrial Machinery and Equipment median of 2.84.
Trading below fair value
The share price of $0.50 is below our fair value estimate of $7.52.
Margin of safety over 20%
The price is 93.3% below fair value, more than the 20% cushion we look for.
Growth3/6
Revenue growing under 10% a year
Revenue grew -0.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growing 10%+ a year
Diluted EPS grew 72.9% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -10.7% over the last twelve months, against a 5-year average of -6.1% a year.
Growing faster than the industry
Revenue grew 20.9% over the last twelve months; the General Industrial Machinery and Equipment median is 12.4%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 33.7% over the last twelve months, against 29.2% a year earlier.
Past performance4/6
Return on equity under 15%
Return on equity was 14.8% over the last twelve months and averaged 3.7% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 32.3%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Greenland Technologies's return on equity of 14.8% is above the General Industrial Machinery and Equipment median of 9.9%.
Earnings shrank over 5 years
Net income shrank 6.1% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 12.1% over the last twelve months, against a 5-year average of 2.4%.
Net margin above the industry
Greenland Technologies's net margin of 12.1% is above the General Industrial Machinery and Equipment median of 8.0%.
Financial health4/6
Low debt
Debt is 3.1% of shareholders' equity, under the 40% we consider low.
Debt falling against equity
Debt to equity fell from 43.3% five years ago to 3.1%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 29.6% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.97 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.07; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Greenland Technologies has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$7.52
The share price is 93% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 15.9× | 5.0× | 26.9× | $7.63 | 40% |
| EV/EBITDA | 10.6× | 3.0× | 18.3× | $9.91 | 35% |
| P/B | 1.6× | 0.4× | 2.8× | $5.79 | 10% |
| Earnings power | 12.7% cost of equity | – | – | $2.78 | 15% |
| Fair value | $7.52 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 5.0
- General Industrial Machinery and Equipment median 26.9
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $129.83K
- Value traded per 1% price move
- $33.57K
Downside
High risk
- Typical loss in a bad month
- 43.4%
- Volatility (annualized)
- 104%
- Sharpe ratio, 1 year
- -0.56
- Beta to the S&P 500 (5Y)
- 1.57
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.0% | -0.1% | +6.3% | – | |
| Gross profit | +26.2% | +12.8% | +17.3% | – | |
| Operating income | -40.3% | +8.1% | +2.3% | – | |
| Net income | -64.9% | +87.7% | -6.1% | – | |
| EPS, diluted | -69.9% | +72.9% | -14.3% | – | |
| Free cash flow | +32.6% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 16.2% | 7.4% | |
| Return on assets | – | 5.7% | 4.3% | |
| Current ratio | – | 1.37 | 1.97 | |
| Debt to equity | – | 0.43 | – | |
| Net debt to EBITDA | – | 1.10× | – | |
| Interest coverage | – | 7.2× | 67.4× | |
| Inventory turnover | – | 4.3× | 2.6× | |
| Capex to revenue | – | – | 0.6% | |
| Diluted shares | – | 10M | 16M |
Cash use needs five years of cash flow figures
Greenland Technologies does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 0.78× | 1.74× | 7.4% |
| FY2024 | 16.8% | 0.68× | 2.23× | 25.5% |
| FY2023 | -17.6% | 0.63× | 2.47× | -27.4% |
| FY2022 | 0.8% | 0.57× | 2.48× | 1.2% |
| FY2021 | 6.3% | 0.67× | 2.75× | 11.7% |
| FY2020 | 10.1% | 0.56× | 2.86× | 16.2% |
| FY2019 | 8.5% | 0.48× | 3.10× | 12.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$4.93M
- Cash generatingOperating cash flow above zero$15.61M
- Return on assets improvedROA up on the prior year10.8% → 4.3%
- Earnings backed by cashOperating cash flow above net income$15.61M vs $4.93M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.61 → 1.97
- No dilutionShare count did not rise14M → 16M
- Gross margin improvedGross margin up on the prior year26.84% → 31.36%
- More efficientAsset turnover rose0.64 → 0.78
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