A Business at a Glance
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IT TECH PACKAGING, INC.
ITP
$2M
Mkt Cap
$0.17
-4.39%
IT TECH PACKAGING, INC. (ITP) has a 5-year average return on invested capital (ROIC) of -3.4%. This is below average and may indicate limited pricing power.
IT TECH PACKAGING, INC. (ITP) has a market capitalization of $3M. It is classified as a small-cap stock.
IT TECH PACKAGING, INC. (ITP) does not currently pay a regular dividend.
IT TECH PACKAGING, INC. (ITP) operates in the Converted Paper & Paperboard Prods (No Contaners/Boxes) industry, within the Materials sector.
IT TECH PACKAGING, INC. (ITP) reported annual revenue of $76 million in its most recent fiscal year, based on SEC EDGAR filings.
IT TECH PACKAGING, INC. (ITP) has a net profit margin of -13.0%. The company is currently unprofitable.
IT TECH PACKAGING, INC. (ITP) generated $6 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
IT Tech Packaging, Inc. (the “Company,” “IT Tech Packaging,” or “ITP”) is not an operating company but a Nevada holding company with operations primarily conducted by its subsidiaries and through contractual arrangements with Hebei Baoding Dongfang Paper Milling Company Limited, a People’s Republic of China company (“Dongfang Paper”), the variable interest entity, or VIE, based in China. IT Tech Packaging operated its business in China through its wholly-owned PRC subsidiaries, namely Baoding Shengde Paper Co., Ltd., a People’s Republic of China company (“Baoding Shengde”) and QianrongQianhui Hebei Technology Co., Ltd., a People’s Republic of China company (“Qianrong”) (together with Baoding Shengde, the “PRC Subsidiaries”), and Dongfang Paper, which we refer to as our VIE in this annual report, and rely on contractual arrangements that establish the VIE structure among Baoding Shengde, the VIE and VIE’s shareholders to operate our business in China.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 79M | 76M | 87M | 100M | 161M | 101M |
| Net Income | -11M | -9.8M | -9.9M | -17M | 906K | -5.6M |
| EPS | $-0.95 | $-0.98 | $-0.99 | $-1.66 | $1.00 | $-2.10 |
| Free Cash Flow | 3.8M | 6.0M | -9.4M | 6.2M | -28M | -5.0M |
| ROIC | -5.1% | -6.0% | -5.6% | -2.6% | 0.4% | -3.1% |
| Gross Margin | 5.7% | 8.8% | 1.2% | 4.7% | 6.8% | 5.6% |
| Debt/Equity | 0.06 | 0.06 | 0.07 | 0.09 | 0.07 | 0.09 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -9.9M | -8.2M | -9.6M | -5.3M | 1.5M | -5.5M |
| Operating Margin | -12.6% | -10.8% | -11.1% | -5.3% | 0.9% | -5.4% |
| ROE | -7.2% | -6.1% | -5.7% | -8.3% | 0.5% | -3.3% |
| Shares Outstanding | 17M | 10M | 10M | 10M | 1M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 126M | 137M | 135M | 135M | 117M | 87M | 118M | 101M | 161M | 100M | 87M | 76M | 79M |
| Gross Margin | 18.6% | 16.6% | 20.6% | 18.9% | 17.1% | 6.7% | 11.6% | 5.6% | 6.8% | 4.7% | 1.2% | 8.8% | 5.7% |
| R&D | 25K | 20K | 28K | 22K | 32K | 30K | 75K | 69K | 101K | 146K | 91K | 100K | 100K |
| SG&A | 4.6M | 4.9M | 9.7M | 12M | 11M | 13M | 9.8M | 11M | 9.6M | 10M | 9.1M | 15M | 14M |
| EBIT | 19M | 17M | 18M | 13M | 4.7M | -11M | 3.9M | -5.5M | 1.5M | -5.3M | -9.6M | -8.2M | -9.9M |
| Op. Margin | 15.0% | 12.7% | 13.4% | 9.6% | 4.0% | -12.9% | 3.3% | -5.4% | 0.9% | -5.3% | -11.1% | -10.8% | -12.6% |
| Net Income | 13M | 12M | 12M | 7.3M | 1.7M | -11M | 2.2M | -5.6M | 906K | -17M | -9.9M | -9.8M | -11M |
| Net Margin | 10.4% | 8.5% | 8.5% | 5.4% | 1.4% | -12.2% | 1.9% | -5.5% | 0.6% | -16.5% | -11.5% | -13.0% | -13.9% |
| Non-Recurring | 85K | 204K | 0 | 0 | -1.7M | 7.8M | 0 | 0 | 0 | 0 | 0 | 628K | 628K |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 7.0% | 7.6% | 5.4% | 1.9% | -5.8% | 1.6% | -3.1% | 0.4% | -2.6% | -5.6% | -6.0% | -5.1% |
| ROE | N/A | 7.0% | 6.6% | 4.2% | 0.9% | -6.0% | 1.3% | -3.3% | 0.5% | -8.3% | -5.7% | -6.1% | -7.2% |
| ROA | N/A | 9.6% | 4.8% | 3.3% | 0.8% | -5.0% | 1.1% | -2.8% | 0.4% | -7.4% | -5.0% | -5.3% | -6.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 30M | 32M | 21M | 15M | 18M | 9.2M | 7.5M | 16M | -2.4M | 11M | 13M | 6.3M | 3.9M |
| Free Cash Flow | -35M | -6.9M | 1.9M | 3.7M | 8.8M | 7.0M | 1.1M | -5.0M | -28M | 6.2M | -9.4M | 6.0M | 3.8M |
| Owner Earnings | 21M | -29M | -42M | -1.4M | -42M | -5.6M | -53M | -907K | -97M | -4.2M | -88M | -7.9M | -311M |
| CapEx | 65M | 39M | 19M | 12M | 9.4M | 2.2M | 6.4M | 21M | 25M | 4.5M | 22M | 330K | 44K |
| Maint. CapEx | 7.8M | 8.3M | 13M | 15M | 15M | 14M | 15M | 16M | 15M | 15M | 14M | 14M | 315M |
| Growth CapEx | 57M | 31M | 5.9M | 0 | 0 | 0 | 0 | 5.3M | 9.7M | 0 | 8.1M | 0 | 0 |
| D&A | 7.8M | 8.3M | 13M | 15M | 15M | 14M | 15M | 16M | 15M | 15M | 14M | 14M | 315M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 130.7% | N/A | 42.3% | N/A | N/A | 1.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 323K | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 774K | 53M | 50M | 1.4M | 46M | 470K | 46M | 1.3M | 80M | 156K | 87M | N/A | N/A |
| Debt Repayment | 5.4M | 4.2M | 4.6M | 675K | 9.0M | 4.5M | 0 | 72K | 185K | 206K | 74K | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 12M | 16M | 576K | -13M | 5.3M | -4.0M | 326K | 12M | 4.9M | 5.9M | 8.0M | 2.7M | 702K |
| Cash & Equiv. | 3.1M | 3.9M | 2.6M | 4.5M | 9.0M | 12M | 5.8M | 4.1M | 11M | 9.5M | 4.4M | 7.0M | 9.1M |
| Long-Term Debt | 12M | 16M | 3.2M | -8.8M | 8.2M | 4.5M | 4.4M | 9.6M | 9.8M | 4.2M | 4.5M | 1.1M | 4.7M |
| Debt/Equity | N/A | 0.11 | 0.02 | -0.05 | 0.08 | 0.05 | 0.04 | 0.09 | 0.07 | 0.09 | 0.07 | 0.06 | 0.06 |
| Interest Coverage | 18.9 | 12.0 | 5.8 | 4.9 | 1.9 | -7.5 | 4.2 | -5.3 | 1.3 | -5.2 | -9.7 | -10.8 | -10.8 |
| Equity | N/A | 175M | 176M | 173M | 185M | 167M | 166M | 175M | 216M | 181M | 168M | 156M | 152M |
| Total Assets | N/A | 240M | 239M | 208M | 219M | 203M | 190M | 200M | 242M | 204M | 195M | 178M | 176M |
| Total Liabilities | N/A | 65M | 63M | 36M | 34M | 37M | 24M | 25M | 26M | 23M | 26M | 21M | 24M |
| Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | N/A | 0 | N/A | 0 | 0 | 0 |
| Retained Earnings | 6.0M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 94M | 84M | 74M | 67M |
| Working Capital | -2.4M | -18M | -14M | -6.1M | -1.8M | -5.5M | 7.2M | -3.4M | 35M | 30M | 6.9M | 8.3M | 17M |
| Current Assets | 26M | 27M | 26M | 14M | 20M | 24M | 24M | 15M | 56M | 47M | 28M | 28M | 36M |
| Current Liabilities | 28M | 44M | 40M | 21M | 22M | 30M | 17M | 18M | 20M | 18M | 21M | 20M | 19M |
| Per Share Data | |||||||||||||
| EPS | 7.10 | 6.10 | 5.70 | 3.40 | 0.80 | -4.90 | 1.01 | -2.10 | 1.00 | -1.66 | -0.99 | -0.98 | -0.95 |
| Owner EPS | 11.65 | -14.92 | -20.65 | -0.66 | -20.28 | -2.60 | -24.26 | -0.34 | -107.60 | -0.42 | -8.76 | -0.79 | -18.35 |
| Book Value | N/A | 91.16 | 86.82 | 80.32 | 89.32 | 77.39 | 75.48 | 66.20 | 238.26 | 18.16 | 16.76 | 15.54 | 8.96 |
| Cash Flow/Share | 16.32 | 16.84 | 10.47 | 7.10 | 8.75 | 4.26 | 3.42 | 6.10 | -2.69 | 1.07 | 1.28 | 0.63 | 17.93 |
| Dividends/Share | 0.18 | 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. | 1.8M | 1.9M | 2.0M | 2.2M | 2.1M | 2.2M | 2.2M | 2.6M | 0.9M | 10.0M | 10.0M | 10.0M | 17.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 | N/A | N/A | 0.8 |
| EV/EBIT | 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 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 | N/A | 0.0 | N/A | N/A | 0.0 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.6 | N/A | 0.2 | N/A | N/A | 0.0 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -8.9% | N/A | 118.2% | N/A | N/A | 130.6% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55M | 0 | 5.2M | 0 | 0 | 2.9M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.24 | 0.00 | 1.52 | 0.00 | 0.00 | 0.17 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.60 | 0.00 | 0.52 | 0.00 | 0.00 | 0.17 |
IT TECH PACKAGING, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 0.7x vs a median of 0.8x. The company's 5-year average gross margin is 5.4%. At current prices, the estimated annualized return to fair value is -18.5%.
IT TECH PACKAGING, INC. (ITP) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
IT TECH PACKAGING, INC. (ITP) reported earnings per share (EPS) of $-0.98 in its most recent fiscal year.
IT TECH PACKAGING, INC. (ITP) has a return on equity (ROE) of -6.1%. A negative ROE may indicate losses or negative equity.
IT TECH PACKAGING, INC. (ITP) has a 5-year average gross margin of 5.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for IT TECH PACKAGING, INC. (ITP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IT TECH PACKAGING, INC. (ITP) has a book value per share of $15.54, based on its most recent annual SEC filing.
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