ITP - IT Tech Packaging Inc Stock Price, Fair Value and News

0.30USD+0.06 (+25.00%)Delayed

Market Summary

USD0.30+0.06

Delayed

25.00%

ITP Stock Price

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ITP RSI Chart

ITP Valuation

Market Cap

3.0M

Price/Earnings (Trailing)

-0.28

Price/Sales (Trailing)

0.04

EV/EBITDA

0.33

Price/Free Cashflow

0.35

ITP Price/Sales (Trailing)

ITP Profitability

Operating Margin

-16.20%

EBT Margin

-16.85%

Return on Equity

-6.67%

Return on Assets

-5.69%

Free Cashflow Yield

287.62%

ITP Fundamentals

ITP Revenue

Revenue (TTM)

73.6M

Rev. Growth (Yr)

-65.32%

Rev. Growth (Qtr)

-67.26%

ITP Earnings

Earnings (TTM)

-11.0M

Earnings Growth (Yr)

-37.08%

Earnings Growth (Qtr)

5.96%

Breaking Down ITP Revenue

Last 7 days

30.4%

Last 30 days

36.4%

Trailing 12 Months

-36.2%

How does ITP drawdown profile look like?

ITP Financial Health

Current Ratio

1.22

Debt/Equity

0.02

Debt/Cashflow

2.68

ITP Investor Care

Diluted EPS (TTM)

-1.09

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2024	73.6M	0	0	0
2023	104.7M	102.9M	87.0M	86.5M
2022	0	168.5M	153.6M	129.9M
2021	116.4M	136.6M	148.3M	160.9M
2020	108.9M	101.7M	102.1M	100.9M
2019	102.3M	102.8M	109.0M	117.6M
2018	109.5M	101.9M	94.3M	86.7M
2017	134.1M	115.6M	116.7M	117.0M
2015	136.6M	136.2M	135.7M	135.3M
2014	107.9M	126.0M	133.7M	137.0M
2013	136.5M	134.0M	0	125.7M
2012	151.9M	145.9M	146.5M	151.1M
2011	130.8M	134.0M	148.1M	150.7M
2010	0	109.4M	116.7M	124.0M
2009	0	0	0	102.1M

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

Tracking the Latest Insider Buys and Sells of IT Tech Packaging Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 08, 2020	liu zhenyong	acquired	-	-	200,000	chief executive officer
May 23, 2019	liu zhenyong	sold	-330,813	1.02	-324,326	chief executive officer
May 23, 2019	hao jing	sold	-4,080	1.02	-4,000	chief financial officer

Which funds bought or sold ITP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	CITADEL ADVISORS LLC	new	-	8,077	8,077	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	-1,871	9,750	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	unchanged	-	-2,005	10,444	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	152	4,220	8,004	-%
May 15, 2024	Federation des caisses Desjardins du Quebec	new	-	182	182	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	reduced	-0.33	-1,000	8,000	-%
May 13, 2024	UBS Group AG	added	152	69.00	131	-%
May 10, 2024	GROUP ONE TRADING, L.P.	reduced	-16.03	-286	681	-%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	18.21	-452	54,509	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%

Are Funds Buying or Selling ITP?

Are funds buying ITP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ITP

No. of Funds

Unveiling IT Tech Packaging Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 25, 2021	intracoastal capital, llc	4.7%	2,680,000	SC 13G

Recent SEC filings of IT Tech Packaging Inc

View All Filings

Date Filed	Form Type	Document
May 13, 2024	8-K	Current Report
May 10, 2024	10-Q	Quarterly Report
Mar 28, 2024	8-K	Current Report
Mar 27, 2024	10-K	Annual Report
Mar 04, 2024	8-K	Current Report

Peers (Alternatives to IT Tech Packaging Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
UFPI	7.4B	7.0B	7.42%	41.12%	14.55	1.05	-21.48%	-19.07%
SSD	7.1B	2.2B	-5.83%	32.13%	20.79	3.21	2.46%	4.30%
SMALL-CAP
CLW	858.6M	2.1B	31.26%	57.77%	8.49	0.42	-3.01%	90.04%
MERC	680.5M	2.0B	7.72%	9.94%	-2.98	0.34	-8.42%	-278.88%
GLT	77.4M	1.3B	15.54%	-52.76%	-0.84	0.06	-10.30%	7.69%
EVA	41.7M	1.1B	36.59%	-93.41%	-0.09	0.03	-0.20%	-203.02%
ITP	3.0M	73.6M	36.36%	-36.17%	-0.28	0.04	-29.66%	34.83%

IT Tech Packaging Inc News

Latest updates

IT Tech Packaging Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-67.3%	6,863,841	20,964,599	15,771,560	30,019,914	19,790,877	21,372,718	31,709,214	31,788,884	45,049,707	45,087,671	46,534,915	24,209,427	32,479,694	33,357,451	26,362,273	8,743,851	33,606,729	32,937,917	33,619,948	17,450,292	24,985,717
Cost Of Revenue	-	6,464,728	-	-	-	20,067,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	59.5%	399,113	250,249	-153,223	1,179,858	-276,999	1,026,126	2,783,588	634,037	4,335,998	1,821,536	3,029,019	1,831,005	745,323	2,567,551	2,558,829	-169,719	5,589,123	5,374,732	2,908,129	-192,466	2,240,944
S&GA Expenses	33.5%	3,900,783	2,921,962	2,334,746	1,323,405	2,495,362	1,517,499	3,370,541	1,869,802	2,385,696	2,019,565	2,597,611	2,555,318	2,712,434	2,390,920	3,357,472	2,696,963	2,367,840	2,024,547	2,407,859	2,981,473	3,427,381
EBITDA Margin	-53.5%	0.03	0.07	0.10	0.10	0.10	0.08	0.11	0.10	0.11	0.07	0.08	0.09	0.11	-	-	-	-	-	-	-	-
Interest Expenses	-3.0%	210,290	216,850	247,818	270,681	249,169	241,354	256,678	259,106	280,232	281,670	283,899	278,901	281,920	258,438	241,436	244,718	195,341	236,987	238,771	255,269	308,850
Income Taxes	3538.6%	36,793	-1,070	-3,236	351,260	-	11,871,870	432,287	-243,829	595,960	-71,388	5,122,587	-100,205	-522,440	26,348	-79,441	-526,325	870,322	772,905	80,670	-647,795	-224,706
Earnings Before Taxes	6.9%	-3,709,743	-3,985,079	-1,978,604	-	-2,733,165	-35,993	-1,455,031	-	-	-	-	-4,439,061	-1,022,575	-494,626	-1,059,472	-2,962,612	3,026,002	3,110,932	530,740	-3,370,390	-5,389,146
EBT Margin	-67.0%	-0.17	-0.10	-0.07	-0.05	-0.05	-0.04	0.01	0.01	0.01	-0.05	-0.05	-0.06	-0.05	-	-	-	-	-	-	-	-
Net Income	6.0%	-3,746,536	-3,984,009	-1,975,368	-1,253,493	-2,733,165	-11,907,863	-1,887,318	-287,913	4,155,063	1,542,576	-453,248	-4,338,856	-1,616,710	-520,974	-980,031	-2,436,287	2,155,680	2,338,027	450,070	-2,722,595	-5,164,440
Net Income Margin	-29.5%	-0.15	-0.11	-0.21	-0.17	-0.16	-0.13	0.00	0.02	0.01	-0.03	-0.05	-0.06	-0.06	-	-	-	-	-	-	-	-
Free Cashflow	-88.4%	624,420	5,376,972	-1,898,603	-4,333,904	4,514,910	436,008	2,481,146	-774,772	-8,283,752	-3,481,787	-7,416,973	-8,324,931	-4,187,910	-	-	-	-	-	-	-	-

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	-1.1%	193	195	189	197	207	204	215	225	239	242	237	239	241	200	193	185	182	190	231	236	195
Current Assets	5.8%	30.00	28.00	41.00	48.00	51.00	47.00	48.00	48.00	49.00	56.00	62.00	64.00	61.00	15.00	30.00	28.00	22.00	24.00	21.00	16.00	15.00
Cash Equivalents	23.4%	5.00	4.00	9.00	12.00	17.00	10.00	16.00	14.00	15.00	11.00	27.00	30.00	37.00	4.00	8.00	13.00	12.00	6.00	5.00	1.00	3.00
Inventory	-1.8%	3.00	4.00	5.00	7.00	6.00	3.00	4.00	7.00	4.00	6.00	8.00	12.00	7.00	1.00	9.00	6.00	2.00	2.00	7.00	6.00	4.00
Net PPE	-2.3%	160	164	145	142	150	152	150	161	174	127	127	139	140	145	143	142	146	152	153	160	167
Liabilities	7.2%	28.00	26.00	19.00	26.00	26.00	23.00	24.00	23.00	25.00	26.00	29.00	31.00	37.00	25.00	24.00	22.00	21.00	24.00	70.00	72.00	27.00
Current Liabilities	14.7%	25.00	21.00	12.00	17.00	18.00	18.00	18.00	17.00	20.00	20.00	19.00	17.00	20.00	18.00	17.00	17.00	14.00	17.00	61.00	62.00	20.00
Long Term Debt	-28.0%	3.00	5.00	7.00	-	-	4.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Current	18.1%	8.00	7.00	5.00	4.00	5.00	5.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	5.00	7.00	-	-	4.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-2.4%	164	168	170	171	181	181	189	202	214	216	208	207	204	175	169	163	161	166	162	164	167
Retained Earnings	-4.5%	80.00	84.00	88.00	-	-	94.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional Paid-In Capital	0%	89.00	89.00	89.00	89.00	89.00	89.00	91.00	89.00	89.00	89.00	89.00	89.00	89.00	54.00	54.00	54.00	51.00	51.00	51.00	51.00	51.00
Shares Outstanding	0%	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	54.00	47.00	10.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	4.00	-	-	-	11.00	-	-	-	44.00	-	-	-	14.00	-	-	-	12.00	-

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	2019Q2	2019Q1
Cashflow From Operations	-88.4%	624	5,377	1,747	937	4,810	3,288	3,481	-461	4,411	4,007	9,128	-7,290	-8,280	13,774	-3,487	-1,003	6,860	2,931	5,411	2,240	-3,052
Share Based Compensation	-	-	-	-	489	13.00	-1,404	-	-	-	-	-	-	-	15.00	-	-	-	-	-	-	-
Cashflow From Investing	99.9%	-9.03	-13,027	-3,646	-5,270	-295	-2,709	-865	-148	-7,175	-12,290	-12,609	-126	-44.60	-17,954	-1,590	-224	-756	-1,417	-1,427	-3,605	-1,415
Cashflow From Financing	-82.5%	422	2,413	-826	259	2,565	-7,719	166	-219	6,893	-7,353	-124	-122	41,794	-186	-32.32	-	-	-548	63.00	79.00	-5,366

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ITP Income Statement

2024-03-31

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 6,863,841	$ 19,790,877
Cost of sales	(6,464,728)	(20,067,876)
Gross Profit (Loss)	399,113	(276,999)
Selling, general and administrative expenses	(3,900,783)	(2,495,362)
Loss from Operations	(3,501,670)	(2,772,361)
Other Income (Expense):
Interest income	2,183	136,268
Interest expense	(210,290)	(249,169)
Gain (Loss) on derivative liability	34	152,097
Loss before Income Taxes	(3,709,743)	(2,733,165)
Provision for Income Taxes	(36,793)
Net Loss	(3,746,536)	(2,733,165)
Other Comprehensive (Loss) Income
Foreign currency translation adjustment	(301,619)	2,502,756
Total Comprehensive Loss	$ (4,048,155)	$ (230,409)
Losses Per Share:
Basic Losses per Share (in Dollars per share)	$ (0.37)	$ (0.27)
Outstanding – Basic (in Shares)	10,065,920	10,065,920

ITP Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and bank balances	$ 4,514,020	$ 3,918,938
Restricted cash	903,540	472,983
Accounts receivable (net of allowance for doubtful accounts of $48,697 and $11,745 as of March 31, 2024 and December 31, 2023, respectively)	2,386,177	575,526
Inventories	3,492,364	3,555,235
Prepayments and other current assets	17,677,417	18,981,290
Total current assets	30,014,832	28,357,901
Prepayment on property, plant and equipment
Operating lease right-of-use assets, net	503,221	528,648
Property, plant, and equipment, net	160,205,120	163,974,022
Value-added tax recoverable	1,872,931	1,883,078
Deferred tax asset non-current
Total Assets	192,596,104	194,743,649
Current Liabilities
Short-term bank loans	845,666	423,567
Current portion of long-term loans	8,116,984	6,874,497
Lease liability	102,154	100,484
Accounts payable	241,779	4,991
Advance from customers	110,787	136,167
Notes payable	246,501
Accrued payroll and employee benefits	310,687	237,842
Other payables and accrued liabilities	13,869,095	12,912,517
Total current liabilities	24,573,748	21,418,934
Long-term loans	3,241,720	4,503,932
Lease liability - non-current	491,908	483,866
Derivative liability	20	54
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $21,648,803 and $20,084,995 as of March 31, 2024 and December 31, 2023, respectively)	28,307,396	26,406,786
Commitments and Contingencies
Stockholders’ Equity
Common stock, 50,000,000 shares authorized, $0.001 par value per share, 10,065,920 shares issued and outstanding as of March 31, 2024 and December, 31, 2023.	10,066	10,066
Additional paid-in capital	89,172,771	89,172,771
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive loss	(10,857,153)	(10,555,534)
Retained earnings	79,882,450	83,628,986
Total stockholders’ equity	164,288,708	168,336,863
Total Liabilities and Stockholders’ Equity	192,596,104	194,743,649
Related Party
Current Assets
Due from related parties	1,041,314	853,929
Current Liabilities
Due to related parties	$ 730,095	$ 728,869

About IT Tech Packaging Inc

IT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. The company also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, it produces and sells non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the People's' Republic of China.

CEO	Mr. Zhenyong Liu
WEBSITE	itpackaging.cn
INDUSTRY	Wood and Paper
EMPLOYEES	380

IT Tech Packaging Inc Frequently Asked Questions

What is the ticker symbol for IT Tech Packaging Inc? What does ITP stand for in stocks?

ITP is the stock ticker symbol of IT Tech Packaging Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of IT Tech Packaging Inc (ITP)?

As of Fri May 17 2024, market cap of IT Tech Packaging Inc is 3.02 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ITP stock?

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

What is the fair value of ITP stock?

You can check ITP's fair value in chart for subscribers. The fair value of IT Tech Packaging Inc 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 IT Tech Packaging Inc 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 ITP 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 IT Tech Packaging Inc a good stock to buy?

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

What is IT Tech Packaging Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, ITP's PE ratio (Price to Earnings) is -0.28 and Price to Sales (PS) ratio is 0.04. 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. ITP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on IT Tech Packaging Inc's stock?

In the past 10 years, IT Tech Packaging Inc has provided -0.353 (multiply by 100 for percentage) rate of return.