A Business at a Glance
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GULF RESOURCES, INC.
GURE
$4M
Mkt Cap
$3.40
-6.59%
GULF RESOURCES, INC. (GURE) has a 5-year average return on invested capital (ROIC) of -7.5%. This is below average and may indicate limited pricing power.
GULF RESOURCES, INC. (GURE) has a market capitalization of $5M. It is classified as a small-cap stock.
GULF RESOURCES, INC. (GURE) does not currently pay a regular dividend.
GULF RESOURCES, INC. (GURE) operates in the Chemicals & Allied Products industry, within the Materials sector.
GULF RESOURCES, INC. (GURE) generated $-60 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
GULF RESOURCES, INC. (GURE) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
GULF RESOURCES, INC. (GURE) reported earnings per share (EPS) of $-54.90 in its most recent fiscal year.
Special Note Regarding Forward Looking Information This report contains forward-looking statements that reflect management’s current views and expectations with respect to our business, strategies, future results and events, and financial performance. All statements made in this report other than statements of historical fact, including statements that address operating performance, events or developments that management expects or anticipates will or may occur in the future, including statements related to future reserves, cash flows, revenues, profitability, adequacy of funds from operations, statements expressing general optimism about future operating results and non-historical information, are forward-looking statements.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | % of Total |
|---|---|---|---|---|---|---|
Operating Segment | — | — | — | $27M | $6M | 58% |
Shandong Morui Chemical Company Limited | $6M | $12M | $10M | $5M | $1M | 15% |
Shandong Brother Technology Limited | $4M | $10M | $9M | $5M | $1M | 14% |
Shouguang Weidong Chemical Company Limited | $5M | $9M | $8M | $4M | $1M | 13% |
Shandong Shouguang Shenrunfa Marine Chemical Company Limited | — | — | — | $3M | — | — |
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 21M | - | - | 66M | 55M | 28M |
| Net Income | -59M | -59M | -62M | 10M | -925K | -8.4M |
| EPS | $-28.46 | $-54.90 | $-59.20 | $10.00 | $-0.90 | $-8.70 |
| Free Cash Flow | 0 | -60M | -33M | 14M | -6.8M | -12M |
| ROIC | -9.2% | -33.5% | -7.8% | 5.5% | 1.6% | -3.1% |
| Gross Margin | - | - | - | 75.0% | 64.7% | 71.0% |
| Debt/Equity | 0.01 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -12M | -21M | -12M | 16M | 5.2M | -9.7M |
| Operating Margin | -57.8% | - | - | 24.9% | 9.5% | -34.3% |
| ROE | -55.3% | -33.8% | -25.9% | 3.6% | -0.3% | -3.1% |
| Shares Outstanding | 1M | 1M | 1M | 1M | 1M | 1M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 118M | 114M | 162M | 149M | 108M | N/A | N/A | 28M | 55M | 66M | N/A | N/A | 21M |
| Gross Margin | 54.5% | 52.0% | 46.2% | 48.9% | 29.5% | N/A | N/A | 71.0% | 64.7% | 75.0% | N/A | N/A | N/A |
| R&D | 140K | 134K | 231K | 262K | 195K | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 8.6M | 7.2M | 375K | 343K | 279K | 66K | 13M | 10M | 9.5M | 6.0M | 4.2M | 5.3M | 6.0M |
| EBIT | 28M | 24M | 45M | 48M | 11M | -84M | -23M | -9.7M | 5.2M | 16M | -12M | -21M | -12M |
| Op. Margin | 24.0% | 21.0% | 27.8% | 32.0% | 10.4% | N/A | N/A | -34.3% | 9.5% | 24.9% | N/A | N/A | -57.8% |
| Net Income | 21M | 18M | 34M | 36M | 8.0M | -70M | -26M | -8.4M | -925K | 10M | -62M | -59M | -59M |
| Net Margin | 17.7% | 15.7% | 21.0% | 24.3% | 7.4% | N/A | N/A | -29.9% | -1.7% | 15.2% | N/A | N/A | -286.8% |
| Non-Recurring | 28K | -7K | 30M | 27M | 0 | 9.3M | 0 | 0 | 57M | 0 | 0 | -22M | -22M |
| Returns on Capital | |||||||||||||
| ROIC | 6.7% | 5.5% | 18.3% | 9.8% | 2.0% | -28.0% | -9.2% | -3.1% | 1.6% | 5.5% | -7.8% | -33.5% | -9.2% |
| ROE | N/A | N/A | 10.5% | N/A | N/A | N/A | -9.3% | -3.1% | -0.3% | 3.6% | -25.9% | -33.8% | -55.3% |
| ROA | 7.1% | 5.7% | 10.0% | 10.0% | 2.1% | -20.4% | -8.9% | -2.9% | -0.3% | 3.3% | -23.8% | -29.8% | -45.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 40M | 47M | 70M | 55M | 63M | 17M | -15M | 9.3M | 23M | 51M | -33M | 675K | 5.5M |
| Free Cash Flow | 37M | 40M | 48M | 38M | 45M | -18M | -76M | -12M | -6.8M | 14M | -33M | -60M | 0 |
| Owner Earnings | 12M | 19M | 41M | 31M | 42M | -599K | -29M | -9.1M | -366K | 24M | -60M | -18M | -11M |
| CapEx | 3.2M | 6.5M | 23M | 17M | 18M | 35M | 61M | 22M | 30M | 38M | 0 | 61M | 0 |
| Maint. CapEx | 27M | 27M | 29M | 25M | 20M | 17M | 14M | 16M | 21M | 27M | 27M | 18M | 16M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 18M | 47M | 5.7M | 9.5M | 11M | N/A | 43M | 0 |
| D&A | 27M | 27M | 29M | 25M | 20M | 17M | 14M | 16M | 21M | 27M | 27M | 18M | 16M |
| CapEx/OCF | 8.0% | 14.0% | 32.5% | 30.8% | 28.6% | 203.4% | N/A | 233.4% | 129.1% | 73.4% | N/A | 8965.9% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 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 |
| Share Buybacks | 0 | 62K | 38K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.1% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | 0.0% |
| Stock-Based Comp | 545K | 346K | 375K | 40K | 372K | 496K | 46K | 2.4M | 3.1M | 668K | 451K | 195K | 391K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 265K | 291K | 265K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -177M | -98M | -84M | -86M | -99M | -63M | -1.3M | -4.7M |
| Cash & Equiv. | 108M | 147M | 134M | 164M | 209M | 179M | 100M | 94M | 96M | 108M | 72M | 10M | 5.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 2.1M | 1.9M | 1.9M | 1.8M | 1.5M | 1.3M | 1.1M | 899K |
| Debt/Equity | N/A | N/A | 0.06 | N/A | N/A | N/A | 0.01 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.01 |
| Interest Coverage | 136.6 | 117.2 | 232.8 | 272.8 | 68.0 | -520.8 | -160.2 | -71.0 | 38.0 | 135.8 | -113.0 | -231.6 | -231.6 |
| Equity | N/A | N/A | 338M | N/A | N/A | N/A | 263M | 277M | 287M | 272M | 205M | 144M | 107M |
| Total Assets | 309M | 323M | 357M | 366M | 387M | 299M | 279M | 294M | 310M | 292M | 227M | 169M | 132M |
| Total Liabilities | N/A | N/A | 19M | N/A | N/A | N/A | 16M | 17M | 23M | 21M | 21M | 26M | 24M |
| 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 | 17M | 18M | 20M | 23M | 24M | 24M | 24M | 24M | 24M | 27M | 27M | 27M | 27M |
| Working Capital | 147M | 186M | 175M | 208M | 238M | 185M | 101M | 100M | 102M | 108M | 73M | -281K | -1.4M |
| Current Assets | 158M | 194M | 191M | 222M | 242M | 187M | 107M | 107M | 115M | 119M | 86M | 17M | 16M |
| Current Liabilities | 11M | 8.1M | 16M | 14M | 3.2M | 2.6M | 6.3M | 7.1M | 14M | 12M | 13M | 18M | 17M |
| Per Share Data | |||||||||||||
| EPS | 27.00 | 23.00 | 37.00 | 39.00 | 8.50 | -373.71 | -136.50 | -8.70 | -0.90 | 10.00 | -59.20 | -54.90 | -28.46 |
| Owner EPS | 16.09 | 24.37 | 44.83 | 32.97 | 45.37 | -3.20 | -155.63 | -9.38 | -0.36 | 23.57 | -57.81 | -16.33 | -7.81 |
| Book Value | N/A | N/A | 367.21 | N/A | N/A | N/A | 1,392.02 | 286.23 | 278.98 | 270.01 | 196.63 | 133.87 | 79.39 |
| Cash Flow/Share | 51.70 | 59.94 | 76.46 | 59.45 | 67.06 | 92.62 | -81.00 | 9.62 | 22.69 | 50.85 | -31.38 | 0.63 | -32.29 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.8M | 0.8M | 0.9M | 0.9M | 0.9M | 0.2M | 0.2M | 1.0M | 1.0M | 1.0M | 1.0M | 1.1M | 1.4M |
| Valuation | |||||||||||||
| P/E Ratio | 4.1 | 2.3 | 2.4 | 2.5 | 9.0 | N/A | N/A | N/A | N/A | 3.1 | N/A | N/A | -0.1 |
| P/FCF | 2.3 | 1.0 | 1.7 | 2.4 | 1.6 | N/A | N/A | N/A | N/A | 2.2 | N/A | N/A | N/A |
| EV/EBIT | 3.1 | 1.9 | 1.8 | 2.0 | 6.6 | N/A | N/A | N/A | 9.3 | 2.0 | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 0.2 | N/A | N/A | N/A | 0.1 | 0.1 | 0.2 | 0.1 | N/A | 0.0 | 0.0 |
| Price/Sales | 0.5 | 0.7 | 0.5 | 0.6 | 0.8 | N/A | N/A | 1.6 | 1.0 | 0.6 | N/A | N/A | 0.2 |
| FCF Yield | 43.1% | 95.4% | 59.0% | 41.6% | 62.6% | -57.0% | -315.0% | -30.7% | -14.5% | 43.6% | N/A | -995.2% | N/A |
| Market Cap | 86M | 42M | 81M | 92M | 72M | 31M | 24M | 40M | 47M | 31M | 0 | 6.0M | 4.6M |
| Avg. Price | 75.28 | 97.85 | 92.69 | 88.53 | 89.74 | 62.55 | 46.00 | 45.88 | 52.14 | 40.11 | 0.00 | 11.49 | 3.40 |
| Year-End Price | 110.50 | 54.00 | 87.50 | 99.00 | 76.50 | 33.50 | 25.50 | 41.80 | 44.90 | 29.90 | 0.00 | 5.30 | 3.40 |
GULF RESOURCES, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 70.2%. At current prices, the estimated annualized return to fair value is +13.9%.
GULF RESOURCES, INC. (GURE) has a return on equity (ROE) of -33.8%. A negative ROE may indicate losses or negative equity.
GULF RESOURCES, INC. (GURE) has a 5-year average gross margin of 70.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for GULF RESOURCES, INC. (GURE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GULF RESOURCES, INC. (GURE) has a book value per share of $133.87, based on its most recent annual SEC filing.