Greenland Technologies Holding Corporation (GTEC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1480.1%

$9.17

vs $0.58 price

Levered DCF

$12.66

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.27

Grey zone

Rating

S-

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	1.98×	1.88×	-2.33×	34.77×	11.09×	10.81×	8.93×	12.41×
P/B	0.14×	0.44×	0.74×	0.39×	1.12×	1.62×	1.03×	2.32×
P/S	0.11×	0.31×	0.41×	0.29×	0.71×	1.09×	0.76×	1.22×
EV / EBITDA	1.01×	2.16×	-2.68×	6.98×	9.29×	9.88×	8.26×	6.09×
Gross margin	31.4%	26.8%	27.2%	21.8%	19.8%	19.2%	23.6%	23.4%
Operating margin	8.3%	15.0%	11.9%	6.6%	8.3%	10.0%	12.6%	14.4%
Net margin	5.4%	16.8%	-17.6%	0.8%	6.3%	10.1%	8.5%	9.9%
Current ratio	1.97×	1.61×	1.38×	1.9×	1.63×	1.37×	1.43×	0.76×
Debt / equity	0.17×	0.35×	0.84×	0.63×	0.88×	1.18×	1.07×	0×
Interest coverage	67.36×	149.5×	43.05×	14.79×	14.05×	7.21×	5.12×	5.59×
Dividend yield	22.5%	22.5%	1.9%	0.0%	0.0%	0.0%	0.4%	0.0%
Payout ratio	45.1%	42.2%	-4.4%	0.0%	0.0%	0.0%	3.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.8%	23.4%	-31.7%	1.1%	10.1%	15.1%	11.6%	18.8%
Return on invested capital	6.7%	14.6%	11.0%	3.9%	5.0%	4.7%	6.4%	10.1%
Return on assets	4.3%	12.2%	-12.2%	0.5%	3.9%	5.1%	4.2%	5.3%
Free cash flow yield	157.7%	50.6%	6.6%	28.2%	-8.3%	2.2%	19.8%	-4.9%
Earnings yield	49.8%	53.3%	-43.0%	2.9%	9.0%	9.3%	11.3%	8.1%
Enterprise value	$14.8M	$41.1M	$55.9M	$51.2M	$113.4M	$118.6M	$78.7M	$67.9M
Net debt / EBITDA	0.34×	0.77×	-0.91×	3.45×	3.58×	3.83×	4.1×	-0.5×
Cash conversion cycle (days)	126	170	175	286	329	402	404	140