GTEC - Greenland Technologies Holding Stock Price, Fair Value and News

1.57USD-0.04 (-2.48%)Market Closed

Market Summary

USD1.57-0.04

Market Closed

-2.48%

GTEC Stock Price

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GTEC RSI Chart

GTEC Valuation

Market Cap

21.3M

Price/Earnings (Trailing)

-1.42

Price/Sales (Trailing)

0.23

EV/EBITDA

-0.07

Price/Free Cashflow

-2.19

GTEC Price/Sales (Trailing)

GTEC Profitability

Operating Margin

116.66%

EBT Margin

-24.95%

Return on Equity

-28.25%

Return on Assets

-10.82%

Free Cashflow Yield

-45.59%

GTEC Fundamentals

GTEC Revenue

Revenue (TTM)

90.9M

Rev. Growth (Yr)

2.59%

Rev. Growth (Qtr)

-0.24%

GTEC Earnings

Earnings (TTM)

-15.1M

Earnings Growth (Yr)

1.77%

Earnings Growth (Qtr)

112.76%

Breaking Down GTEC Revenue

Last 7 days

2.6%

Last 30 days

2.6%

Last 90 days

-57.1%

Trailing 12 Months

18.9%

How does GTEC drawdown profile look like?

GTEC Financial Health

Current Ratio

1.3

GTEC Investor Care

Shares Dilution (1Y)

4.75%

Diluted EPS (TTM)

-1.13

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	90.9M	0	0	0
2023	83.7M	86.6M	86.7M	90.3M
2022	103.5M	95.9M	94.6M	90.8M
2021	81.6M	93.2M	99.8M	98.8M
2020	46.5M	50.3M	54.9M	66.9M
2019	58.7M	57.1M	54.0M	52.4M
2018	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Greenland Technologies Holding

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 22, 2023	wang raymond z	bought	99,537	1.4968	66,500	chief executive officer
Jun 22, 2021	wang peter	sold	-2,500,000	5.00	-500,000	-
Jun 22, 2021	jin jing	sold	-675,000	5.00	-135,000	chief financial officer
Apr 19, 2021	wang peter	acquired	-	-	2,500	-
Apr 19, 2021	shen bo	acquired	-	-	2,500	-
Apr 19, 2021	zhao ming	acquired	-	-	2,500	-
Apr 19, 2021	nelson charles athle	acquired	-	-	2,500	-
Apr 19, 2021	wang everett xiaolin	acquired	-	-	2,500	-
Apr 13, 2021	wang peter	sold	-241,250	9.65	-25,000	-
Apr 13, 2021	wang peter	sold	-610,500	12.21	-50,000	-

Which funds bought or sold GTEC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	MORGAN STANLEY	added	1.41	-3,903	15,934	-%
May 15, 2024	Walleye Capital LLC	unchanged	-	-9,737	38,425	-%
May 15, 2024	Steward Partners Investment Advisory, LLC	reduced	-64.37	-85,709	33,703	-%
May 15, 2024	Tower Research Capital LLC (TRC)	new	-	1,505	1,505	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	new	-	28,867	28,867	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	sold off	-100	-28,550	-	-%
May 14, 2024	NORTHERN TRUST CORP	reduced	-13.97	-28,452	60,872	-%
May 13, 2024	UBS Group AG	reduced	-99.91	-12,211	9.00	-%
May 13, 2024	XTX Topco Ltd	sold off	-100	-31,271	-	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-7,674	30,283	-%

Are Funds Buying or Selling GTEC?

Are funds buying GTEC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GTEC

No. of Funds

Unveiling Greenland Technologies Holding's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	armistice capital, llc	4.99%	713,995	SC 13G/A
Feb 14, 2023	armistice capital, llc	9.99%	1,277,307	SC 13G
Jun 23, 2021	cenntro holding ltd	64.03%	6,731,949	SC 13D/A
Apr 22, 2021	cenntro holding ltd	68.79%	7,231,949	SC 13D/A
Feb 13, 2020	k2 principal fund, l.p.	1.39%	139,134	SC 13G/A
Feb 12, 2020	boothbay fund management, llc	0%	0	SC 13G/A
Nov 08, 2019	cenntro holding ltd	78.4%	7,500,000	SC 13D/A
Nov 04, 2019	cenntro holding ltd	75%	7,500,000	SC 13D

Recent SEC filings of Greenland Technologies Holding

View All Filings

Date Filed	Form Type	Document
May 15, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
Apr 17, 2024	10-K/A	Annual Report
Apr 16, 2024	10-K	Annual Report
Mar 29, 2024	NT 10-K	NT 10-K
Feb 15, 2024	8-K	Current Report
Feb 14, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Greenland Technologies Holding)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Greenland Technologies Holding News

Latest updates

Greenland Technologies Holding Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q2
Revenue	-0.2%	22,724	22,778	21,837	23,569	22,149	19,134	21,787	20,603	29,307	22,940	23,085	28,204	24,611	23,895	16,521	16,576	9,872	11,899	11,952	12,739	14,275
Cost Of Revenue	100.6%	300	-47,655	15,568	16,642	16,626	15,319	16,975	15,763	22,939	19,253	17,987	22,499	19,507	19,287	13,122	13,694	7,948	8,146	9,950	9,675	-
Gross Profit	-3.6%	5,647	5,856	6,269	6,928	5,523	3,815	4,812	4,839	6,368	3,687	5,097	5,705	5,104	4,609	3,398	2,882	1,924	3,752	2,002	3,064	-
Operating Expenses	1.5%	3,721	3,666	3,462	3,519	3,149	5,511	2,738	2,625	3,002	3,795	3,046	2,253	2,250	1,867	1,159	1,224	1,856	2,726	994	1,071	363
S&GA Expenses	-26.9%	549	752	607	574	387	951	522	518	640	471	523	495	379	796	271	305	217	409	180	212	-
R&D Expenses	-39.4%	988	1,629	1,246	1,425	1,120	2,818	1,023	863	1,083	2,189	1,372	1,005	960	781	564	476	564	754	450	413	-
EBITDA Margin	3.7%	-0.22*	-0.23*	0.06*	0.08*	0.08*	0.08*	0.13*	0.12*	0.12*	0.12*	0.18*	0.18*	0.18*	0.18*	-	-	-	-	-	-	-
Interest Expenses	39.3%	44.00	31.00	73.00	80.00	66.00	80.00	126	92.00	105	79.00	107	222	180	-11.89	232	389	322	-3.61	415	521	-
Income Taxes	-181.7%	-186	228	879	305	297	-693	519	254	619	-1.36	928	394	523	1,781	347	96.00	49.00	223	48.00	312	-
Earnings Before Taxes	111.1%	3,383	-30,383	1,074	3,245	2,755	-4,282	2,617	2,634	3,534	418	2,181	3,546	2,966	5,893	807	1,567	377	2,062	290	1,589	-
EBT Margin	3.3%	-0.25*	-0.26*	0.03*	0.05*	0.04*	0.05*	0.10*	0.09*	0.09*	0.09*	0.15*	0.14*	0.14*	0.13*	-	-	-	-	-	-	-
Net Income	112.8%	2,502	-19,614	-887	2,940	2,459	-4,816	1,278	2,379	2,915	-15.21	1,028	3,152	2,443	4,893	208	1,472	328	2,515	156	1,130	-101
Net Income Margin	0.9%	-0.17*	-0.17*	0.00*	0.02*	0.02*	0.02*	0.07*	0.07*	0.07*	0.07*	0.12*	0.11*	0.11*	0.10*	-	-	-	-	-	-	-
Free Cashflow	-519.5%	-8,422	2,008	833	-4,148	3,756	13,434	-4,456	-2,926	1,261	108	-5,086	3,220	-3,998	494	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	6.7%	139	130	159	154	157	155	158	150	164	163	158	156	145	132	120	107	108	106	46.00	45.00	45.00
Current Assets	3.6%	103	100	139	133	135	126	135	129	141	139	134	132	121	108	60.00	83.00	83.00	80.00	0.00	0.00	1.00
Cash Equivalents	-13.7%	20.00	23.00	22.00	15.00	15.00	16.00	11.00	8.00	13.00	11.00	16.00	21.00	10.00	9.00	11.00	7.00	8.00	6.00	0.00	0.00	1.00
Inventory	0.6%	25.00	25.00	20.00	20.00	23.00	23.00	22.00	24.00	25.00	26.00	21.00	18.00	18.00	15.00	13.00	10.00	12.00	10.00	-	-	-
Net PPE	-	-	-	14.00	14.00	15.00	16.00	16.00	17.00	19.00	19.00	19.00	20.00	20.00	20.00	20.00	20.00	20.00	21.00	-	-	-
Goodwill	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Liabilities	7.6%	86.00	80.00	74.00	69.00	70.00	76.00	74.00	74.00	86.00	88.00	92.00	91.00	90.00	81.00	70.00	59.00	62.00	60.00	40.00	21.00	1.00
Current Liabilities	10.0%	80.00	73.00	71.00	65.00	66.00	66.00	70.00	72.00	84.00	85.00	89.00	89.00	88.00	79.00	67.00	57.00	59.00	56.00	0.00	0.00	0.00
Short Term Borrowings	171.3%	8.00	3.00	-	7.00	8.00	9.00	9.00	9.00	10.00	9.00	9.00	12.00	18.00	18.00	21.00	20.00	20.00	17.00	-	-	-
Shareholder's Equity	6.5%	53.00	50.00	73.00	85.00	88.00	66.00	83.00	77.00	78.00	62.00	66.00	65.00	55.00	51.00	52.00	48.00	46.00	40.00	5.00	5.00	5.00
Retained Earnings	13.5%	21.00	19.00	40.00	41.00	39.00	34.00	38.00	37.00	35.00	34.00	33.00	32.00	29.00	27.00	21.00	21.00	20.00	20.00	-0.37	-0.16	-0.05
Additional Paid-In Capital	0%	30.00	30.00	33.00	33.00	33.00	30.00	33.00	24.00	24.00	24.00	22.00	22.00	16.00	14.00	15.00	15.00	15.00	15.00	-	-	-
Shares Outstanding	0%	14.00	14.00	14.00	13.00	13.00	13.00	12.00	11.00	11.00	11.00	11.00	11.00	10.00	10.00	-	-	-	-	-	-	-
Minority Interest	141.7%	1.00	1.00	12.00	13.00	15.00	14.00	13.00	13.00	14.00	13.00	7.00	7.00	6.00	6.00	9.00	8.00	8.00	8.00	-	-	-
Float	-	-	-	-	11.00	-	-	-	35.00	-	-	-	35.00	-	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q3	2019Q2
Cashflow From Operations	-519.5%	-8,422	2,008	833	-4,148	3,756	13,434	-4,456	-2,926	1,261	108	-5,086	3,220	-3,998	494	-2,626	787	4,041	102	-	-5,518	-
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	15.00	-	51.00	-	-	-	43.00	-	-	-	-
Cashflow From Investing	-1133.6%	-1,880	-152	1,551	-522	195	-322	178	177	1.00	47.00	-382	-238	-65.03	-639	14.00	-55.05	-141	-1,003	-	-376	-155
Cashflow From Financing	58.2%	2,340	1,479	443	4,409	-3,464	-8,245	11,746	-1,828	-5,956	1,794	600	7,198	4,871	111	5,256	-2,381	-678	236	-	8,248	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.64	-	-	-

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GTEC Income Statement

2024-03-31

Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 22,723,591	$ 22,149,360
Cost of goods sold	17,076,522	16,625,930
Gross profit	5,647,069	5,523,430
Selling expenses	549,496	387,485
General and administrative expenses	2,183,429	1,641,904
Research and development expenses	987,724	1,119,891
Total operating expenses	3,720,649	3,149,280
INCOME FROM OPERATIONS	1,926,420	2,374,150
Interest income	169,213	30,393
Interest expense	(43,840)	(66,493)
Change in fair value of the warrant liability	1,035,306
Other income	296,148	417,382
INCOME BEFORE INCOME TAX	3,383,247	2,755,432
INCOME TAX BENEFIT (EXPENSE)	(186,001)	296,858
NET INCOME	3,569,248	2,458,574
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	1,067,045	1,011,599
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	2,502,203	1,446,975
OTHER COMPREHENSIVE INCOME (LOSS):	(908,762)	317,332
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries	(653,808)	212,352
Unrealized foreign currency translation income (loss) attributable to non-controlling interest	(254,954)	104,980
Total comprehensive income attributable to Greenland technologies holding corporation and subsidiaries	1,848,395	1,659,327
Total comprehensive income attributable to noncontrolling interest	$ 812,091	$ 1,116,579
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: (in Shares)	13,594,530	12,978,504
Basic (in Dollars per share)	$ 0.18	$ 0.11

GTEC Balance Sheet

2024-03-31

Unaudited Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 15,985,073	$ 22,981,324
Restricted cash	3,850,217	5,208,063
Short Term Investment	2,794,690	2,818,068
Notes receivable	32,125,580	27,135,249
Accounts receivable, net	21,159,628	16,483,533
Inventories, net	24,746,244	24,596,795
Advance to suppliers	606,469	288,578
Prepayments and other current assets	1,878,130	53,204
Total Current Assets	103,374,342	99,790,741
Non-current asset
Property, plant, equipment and construction in progress, net	14,110,492	13,698,997
Land use rights, net	3,369,694	3,448,505
Other intangible assets	162,579	189,620
Deferred tax assets	437,459	256,556
Right-of-use assets	1,996,392	2,125,542
Fixed deposit	15,395,169	9,916,308
Other non-current assets	335,304	1,050,698
Total non-current assets	35,807,089	30,686,226
TOTAL ASSETS	139,181,431	130,476,967
Current Liabilities
Short-term bank loans	8,254,505	3,042,296
Notes payable-bank acceptance notes	33,167,150	36,712,562
Accounts payable	30,845,465	25,272,528
Taxes payables	745,662	758,307
Customer deposits	339,838	137,985
Other current liabilities	1,947,696	2,091,507
Lease liabilities	488,568	487,695
Total current liabilities	79,810,476	72,524,516
Non-current liabilities
Lease liabilities	1,560,279	1,684,614
Deferred revenue	1,447,490	1,529,831
Warrant liability	3,049,299	4,084,605
Total non-current liabilities	6,057,068	7,299,050
TOTAL LIABILITIES	85,867,544	79,823,566
COMMITMENTS AND CONTINGENCIES
Shareholders’ equity
Ordinary shares, no par value, unlimited shares authorized; 13,594,530 and 13,594,530 shares issued and outstanding as of March 31, 2024 and December 31, 2023.
Additional paid-in capital	30,286,560	30,286,560
Statutory reserves	3,842,331	3,842,331
Retained earnings	21,037,336	18,535,133
Accumulated other comprehensive loss	(3,237,602)	(2,583,794)
Total shareholders’ equity	51,928,625	50,080,230
Non-controlling interest	1,385,262	573,171
TOTAL EQUITY	53,313,887	50,653,401
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	139,181,431	130,476,967
Related Party
Current assets
Due from related parties-current, net	228,311	225,927
Current Liabilities
Due to related parties	$ 4,021,592	$ 4,021,636

About Greenland Technologies Holding

Greenland Technologies Holding Corporation develops, manufactures, and sells transmission products for material handling machineries in the People's Republic of China. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It is also involved developing powertrains, as well as electric industrial vehicles. Greenland Technologies Holding Corporation was founded in 2006 and is headquartered in East Windsor, New Jersey.

CEO	Mr. Raymond Z. Wang
WEBSITE	https://ir.gtec-tech.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	330

Greenland Technologies Holding Frequently Asked Questions

What is the ticker symbol for Greenland Technologies Holding? What does GTEC stand for in stocks?

GTEC is the stock ticker symbol of Greenland Technologies Holding. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Greenland Technologies Holding (GTEC)?

As of Fri May 17 2024, market cap of Greenland Technologies Holding is 21.34 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GTEC stock?

You can check GTEC's fair value in chart for subscribers.

What is the fair value of GTEC stock?

You can check GTEC's fair value in chart for subscribers. The fair value of Greenland Technologies Holding is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Greenland Technologies Holding is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GTEC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Greenland Technologies Holding a good stock to buy?

The fair value guage provides a quick view whether GTEC is over valued or under valued. Whether Greenland Technologies Holding is cheap or expensive depends on the assumptions which impact Greenland Technologies Holding's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GTEC.

What is Greenland Technologies Holding's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, GTEC's PE ratio (Price to Earnings) is -1.42 and Price to Sales (PS) ratio is 0.23. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GTEC PE ratio will change depending on the future growth rate expectations of investors.