A Business at a Glance
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GREYSTONE LOGISTICS, INC.
GLGI
$7M
Mkt Cap
$0.25
+0.00%
GREYSTONE LOGISTICS, INC. (GLGI) has a 5-year average return on invested capital (ROIC) of 13.8%. This indicates solid capital allocation.
GREYSTONE LOGISTICS, INC. (GLGI) has a market capitalization of $7M. It is classified as a small-cap stock.
Yes, GREYSTONE LOGISTICS, INC. (GLGI) pays a dividend with a trailing twelve-month yield of 0.75%. The company also returns capital through share buybacks, with a buyback yield of 4.50%.
GREYSTONE LOGISTICS, INC. (GLGI) operates in the Special Industry Machinery, Nec industry, within the Industrials sector.
GREYSTONE LOGISTICS, INC. (GLGI) reported annual revenue of $58 million in its most recent fiscal year, based on SEC EDGAR filings.
GREYSTONE LOGISTICS, INC. (GLGI) has a net profit margin of 3.3%. This is a modest margin.
GREYSTONE LOGISTICS, INC. (GLGI) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PART I Greystone Logistics, Inc. ("Greystone" or the "Company") was incorporated in Delaware on February 24, 1969, under the name Permaspray Manufacturing Corporation. It subsequently changed its name to Browning Enterprises Inc. in April 1982, to Cabec Energy Corp. in June 1993, to PalWeb Corporation in April 1999 and to Greystone Logistics, Inc. in March 2005, as further described below. In December 1997, Greystone acquired all of the issued and outstanding stock of Plastic Pallet Production, Inc., a Texas corporation ("PPP"), and since that time, Greystone has primarily been engaged in the business of manufacturing and selling plastic pallets. Effective September 8, 2003, Greystone acquired substantially all of the assets of Greystone Plastics, Inc., an Iowa corporation, through the purchase of such assets by Greystone's newly formed, wholly-owned subsidiary, Greystone Manufacturing, L.L.C., an Oklahoma limited liability company ("GSM"). Greystone Plastics, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 58M | 58M | 62M | 61M | 74M | 65M |
| Net Income | -7.9M | 1.9M | 4.4M | 5.8M | 3.9M | 3.0M |
| EPS | $-0.29 | $0.07 | $0.15 | $0.20 | $0.13 | $0.10 |
| Free Cash Flow | -385K | 4.5M | 9.6M | -5.3M | 507K | 12M |
| ROIC | -20.0% | 10.0% | 18.1% | 10.9% | 10.8% | 19.3% |
| Gross Margin | 3.7% | 16.4% | 19.0% | 15.4% | 10.5% | 17.6% |
| Debt/Equity | 0.85 | 0.56 | 0.56 | 0.88 | 0.98 | 1.62 |
| Dividends/Share | $0.00 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 |
| Operating Income | -6.4M | 4.3M | 7.1M | 4.2M | 2.6M | 6.3M |
| Operating Margin | -10.9% | 7.5% | 11.6% | 7.0% | 3.5% | 9.6% |
| ROE | -57.3% | 8.8% | 20.4% | 35.2% | 33.2% | 35.6% |
| Shares Outstanding | 27M | 27M | 30M | 29M | 30M | 30M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 23M | 22M | 26M | 40M | 49M | 71M | 76M | 65M | 74M | 61M | 62M | 58M | 58M |
| Gross Margin | 22.8% | 18.1% | 18.0% | 18.7% | 14.5% | 11.6% | 15.1% | 17.6% | 10.5% | 15.4% | 19.0% | 16.4% | 3.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.4M | 2.2M | 2.6M | 3.0M | 3.0M | 3.9M | 4.6M | 5.2M | 5.2M | 5.1M | 5.2M | 5.9M | 8.5M |
| EBIT | 2.9M | 1.9M | 2.2M | 4.5M | 4.0M | 4.3M | 6.9M | 6.3M | 2.6M | 4.2M | 7.1M | 4.3M | -6.4M |
| Op. Margin | 12.5% | 8.3% | 8.3% | 11.1% | 8.2% | 6.1% | 9.0% | 9.6% | 3.5% | 7.0% | 11.6% | 7.5% | -10.9% |
| Net Income | 2.6M | 610K | 836K | 1.7M | 1.2M | 1.4M | 4.3M | 3.0M | 3.9M | 5.8M | 4.4M | 1.9M | -7.9M |
| Net Margin | 11.1% | 2.7% | 3.2% | 4.1% | 2.6% | 1.9% | 5.6% | 4.7% | 5.3% | 9.6% | 7.2% | 3.3% | -13.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | -8K | 0 | 0 | 0 | 22K | 155K | -44K | 43K | 43K |
| Returns on Capital | |||||||||||||
| ROIC | 42.6% | 11.1% | 13.6% | 22.0% | 16.2% | 17.0% | 26.5% | 19.3% | 10.8% | 10.9% | 18.1% | 10.0% | -20.0% |
| ROE | -69.0% | -26.9% | -42.7% | -195.3% | 180.1% | 68.9% | 89.0% | 35.6% | 33.2% | 35.2% | 20.4% | 8.8% | -57.3% |
| ROA | 18.7% | 4.0% | 4.7% | 6.7% | 4.0% | 3.6% | 9.6% | 6.7% | 8.8% | 12.3% | 8.7% | 3.9% | -20.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.2M | 3.3M | 2.9M | 6.3M | 8.1M | 6.8M | 8.6M | 15M | 6.6M | 3.9M | 12M | 10M | 3.5M |
| Free Cash Flow | -85K | 2.3M | -1.4M | 3.6M | 1.4M | -195K | 2.3M | 12M | 507K | -5.3M | 9.6M | 4.5M | -385K |
| Owner Earnings | 1.9M | 1.8M | 1.3M | 3.5M | 4.5M | 2.2M | 3.2M | 9.2M | 1.3M | -1.3M | 6.7M | 4.5M | -5.2M |
| CapEx | 2.2M | 992K | 4.3M | 2.7M | 6.7M | 7.0M | 6.3M | 2.9M | 6.1M | 9.2M | 2.8M | 5.8M | 3.9M |
| Maint. CapEx | 223K | 1.4M | 1.6M | 2.7M | 3.5M | 4.4M | 5.3M | 5.8M | 5.4M | 5.2M | 5.7M | 5.8M | 8.7M |
| Growth CapEx | 2.0M | 0 | 2.8M | 40K | 3.2M | 2.6M | 1.0M | 0 | 771K | 4.0M | 0 | 0 | 0 |
| D&A | 223K | 1.4M | 1.6M | 2.7M | 3.5M | 4.4M | 5.3M | 5.8M | 5.4M | 5.2M | 5.7M | 5.8M | 8.7M |
| CapEx/OCF | 103.9% | 30.0% | 148.3% | 43.2% | 83.2% | 102.9% | 72.8% | 19.1% | 92.4% | 237.1% | 22.6% | 55.9% | 110.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.5M | 298K | 326K | 376K | 414K | 316K | 427K | 407K | 243K | 447K | 722K | 427K | 51K |
| Dividend Yield | 30.5% | N/A | 1.6% | 5.4% | 3.2% | 2.1% | 2.8% | 1.4% | 0.8% | 2.2% | 2.3% | 1.3% | 0.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 607K | 307K |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.6% | 4.5% |
| Stock-Based Comp | 53K | 53K | 53K | 53K | 0 | 200K | 200K | 200K | 0 | N/A | N/A | N/A | N/A |
| Debt Repayment | 92K | 1.9M | 1.7M | 3.7M | 5.4M | 5.0M | 6.1M | 4.8M | 5.3M | 6.0M | 13K | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 14M | 12M | 14M | 17M | 19M | 21M | 22M | 12M | 10M | 16M | 7.6M | 9.5M | 11M |
| Cash & Equiv. | 661K | 599K | 897K | 579K | 380K | 1.3M | 1.1M | 4.4M | 3.1M | 696K | 5.8M | 1.5M | 217K |
| Long-Term Debt | 11M | 10M | 13M | 15M | 17M | 20M | 18M | 13M | 9.3M | 15M | 11M | 8.8M | N/A |
| Debt/Equity | -6.10 | -5.85 | -8.69 | 259.48 | 14.65 | 8.44 | 3.26 | 1.62 | 0.98 | 0.88 | 0.56 | 0.56 | 0.85 |
| Interest Coverage | 3.5 | 2.3 | 2.5 | 3.7 | 2.9 | 2.4 | 4.0 | 5.3 | 3.1 | 3.6 | 5.5 | 4.2 | 4.2 |
| Equity | -2.4M | -2.2M | -1.8M | 69K | 1.3M | 2.7M | 7.0M | 10M | 14M | 20M | 24M | 20M | 14M |
| Total Assets | 16M | 14M | 21M | 29M | 34M | 43M | 46M | 44M | 46M | 50M | 52M | 46M | 39M |
| Total Liabilities | 18M | 17M | 23M | 28M | 33M | 40M | 39M | 34M | 32M | 30M | 28M | 26M | 25M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -56M | -56M | -55M | -54M | -52M | -51M | -47M | -44M | -40M | -34M | -30M | -28M | -34M |
| Working Capital | -931K | -1.3M | -1.3M | -2.0M | -3.9M | -3.0M | -3.0M | -2.6M | -5.2M | 5.0M | 9.6M | 4.2M | -8.2M |
| Current Assets | 5.7M | 4.0M | 7.4M | 8.5M | 8.7M | 10M | 12M | 13M | 14M | 11M | 17M | 11M | 6.8M |
| Current Liabilities | 6.6M | 5.3M | 8.7M | 11M | 13M | 13M | 15M | 15M | 19M | 6.0M | 7.2M | 6.6M | 15M |
| Per Share Data | |||||||||||||
| EPS | 0.09 | 0.00 | 0.01 | 0.06 | 0.04 | 0.05 | 0.15 | 0.10 | 0.13 | 0.20 | 0.15 | 0.07 | -0.29 |
| Owner EPS | 0.07 | N/A | 0.02 | 0.13 | 0.15 | 0.08 | 0.11 | 0.30 | 0.04 | -0.05 | 0.22 | 0.16 | -0.19 |
| Book Value | -0.08 | N/A | -0.02 | 0.00 | 0.04 | 0.10 | 0.24 | 0.33 | 0.45 | 0.67 | 0.81 | 0.72 | 0.51 |
| Cash Flow/Share | 0.07 | N/A | 0.03 | 0.23 | 0.26 | 0.25 | 0.30 | 0.50 | 0.22 | 0.13 | 0.42 | 0.37 | 0.03 |
| Dividends/Share | 0.12 | N/A | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.00 |
| Shares Out. | 29.0M | N/A | 83.6M | 27.7M | 31.0M | 27.5M | 28.7M | 30.3M | 30.3M | 29.2M | 29.6M | 27.5M | 27.3M |
| Valuation | |||||||||||||
| P/E Ratio | 5.6 | N/A | 26.0 | 5.0 | 10.2 | 12.0 | 6.1 | 12.6 | 6.2 | 4.2 | 7.6 | 19.1 | -0.9 |
| P/FCF | N/A | N/A | N/A | 2.3 | 9.4 | N/A | 11.1 | 3.1 | 47.8 | N/A | 3.5 | 8.1 | N/A |
| EV/EBIT | 9.7 | 11.2 | 9.8 | 5.7 | 7.9 | 8.8 | 7.0 | 8.0 | 14.6 | 9.9 | 6.6 | 11.1 | N/A |
| Price/Book | N/A | N/A | N/A | 121.0 | 9.7 | 6.2 | 3.7 | 3.8 | 1.8 | N/A | 1.4 | 1.9 | 0.5 |
| Price/Sales | 0.5 | 0.5 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.5 | 0.4 | 0.3 | 0.5 | 0.6 | 0.1 |
| FCF Yield | -0.6% | 26.3% | -19.9% | 42.8% | 10.6% | -1.2% | 9.0% | 32.2% | 2.1% | -21.6% | 28.4% | 12.3% | -5.6% |
| Market Cap | 14M | 8.8M | 7.1M | 8.3M | 13M | 17M | 26M | 38M | 24M | 25M | 34M | 37M | 6.8M |
| Avg. Price | 0.40 | 0.39 | 0.24 | 0.25 | 0.42 | 0.56 | 0.53 | 0.98 | 1.00 | 0.70 | 1.06 | 1.19 | 0.25 |
| Year-End Price | 0.50 | 0.31 | 0.26 | 0.30 | 0.41 | 0.60 | 0.91 | 1.26 | 0.80 | 0.84 | 1.14 | 1.34 | 0.25 |
GREYSTONE LOGISTICS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 1.8x vs a median of 8.1x. The company's 5-year average ROIC is 13.8% with a gross margin of 15.8%. Total shareholder yield (dividends + buybacks) is 5.3%. At current prices, the estimated annualized return to fair value is +27.1%.
GREYSTONE LOGISTICS, INC. (GLGI) has a debt-to-equity ratio of 0.56. This indicates moderate leverage.
GREYSTONE LOGISTICS, INC. (GLGI) reported earnings per share (EPS) of $0.07 in its most recent fiscal year.
GREYSTONE LOGISTICS, INC. (GLGI) has a return on equity (ROE) of 8.8%. This indicates moderate shareholder returns.
GREYSTONE LOGISTICS, INC. (GLGI) has a 5-year average gross margin of 15.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for GREYSTONE LOGISTICS, INC. (GLGI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GREYSTONE LOGISTICS, INC. (GLGI) has a book value per share of $0.72, based on its most recent annual SEC filing.
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