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Elong Power Holding Limited (ELPW) 10-Year Financial Performance & Capital Metrics

ELPW • • Industrial / General
IndustrialsElectrical EquipmentBattery Materials & ComponentsLithium-ion Battery Manufacturing
AboutElong Power Holding Limited is a China-based company specializing in the research, development, manufacturing, sales, and service of high-power lithium-ion batteries. Their products are primarily used in electric vehicles, construction machinery, and energy storage systems, utilizing lithium manganese oxide and lithium iron phosphate technologies.Show more
  • Revenue $3M -53.6%
  • EBITDA -$5M -16.0%
  • Net Income -$7M +23.8%
  • EPS (Diluted) -0.32 -60.0%
  • Gross Margin -123.75% -195.7%
  • EBITDA Margin -156.56% -150.0%
  • Operating Margin -251.2% -108.5%
  • Net Margin -235.43% -64.3%
  • ROE -761.09%
  • ROIC -27.35% -17.8%
  • Debt/Equity 25.11
  • Interest Coverage -78.56 -404.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 98 (top 2%)
  • ✓Share count reduced 53.3% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 25.1x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 53.1x book value
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-31.84%
5Y Avg-31.84%
3Y Avg-31.84%
Latest-31.76%

Peer Comparison

Lithium-ion Battery Manufacturing
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Growth
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Sector-Specific
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ENREnergizer Holdings, Inc.1.46B21.246.402.28%8.09%140.67%4.34%20.79
XPONExpion360 Inc.8.88M0.92-0.04-5.96%-21.76%-22.74%0.41
DFLIDragonfly Energy Holdings Corp.46.38M3.84-0.65-21.35%-60.13%-438.89%
TET1 Energy Inc1.57B7.41-2.32-243.61%-351.25%3.01
FLUXFlux Power Holdings, Inc.32.44M1.52-3.809.22%-10.05%
MVSTMicrovast Holdings, Inc.974.7M2.97-4.8723.87%-34.01%-42.22%0.85

Profit & Loss

Dec 2021Dec 2022Dec 2023
Sales/Revenue+15.99M6.82M3.16M
Revenue Growth %--0.57%-0.54%
Cost of Goods Sold+19.75M9.67M7.08M
COGS % of Revenue1.24%1.42%2.24%
Gross Profit+-3.76M-2.85M-3.91M
Gross Margin %-0.24%-0.42%-1.24%
Gross Profit Growth %-0.24%-0.37%
Operating Expenses+5.94M5.36M4.03M
OpEx % of Revenue0.37%0.79%1.27%
Selling, General & Admin5.52M4.25M3.49M
SG&A % of Revenue0.35%0.62%1.1%
Research & Development1.36M904K873.97K
R&D % of Revenue0.08%0.13%0.28%
Other Operating Expenses-938.29K203.27K-331.3K
Operating Income+-9.71M-8.21M-7.94M
Operating Margin %-0.61%-1.2%-2.51%
Operating Income Growth %-0.15%0.03%
EBITDA+-4.25M-4.27M-4.95M
EBITDA Margin %-0.27%-0.63%-1.57%
EBITDA Growth %--0%-0.16%
D&A (Non-Cash Add-back)5.46M3.94M2.99M
EBIT-9.79M-9.24M-7.34M
Net Interest Income+-491.16K-506.9K-82.47K
Interest Income68.86K20.1K18.66K
Interest Expense560.02K527K101.13K
Other Income/Expense-647.41K-1.56M498.65K
Pretax Income+-10.35M-9.77M-7.45M
Pretax Margin %-0.65%-1.43%-2.35%
Income Tax+02.21K0
Effective Tax Rate %1%1%1%
Net Income+-10.35M-9.77M-7.45M
Net Margin %-0.65%-1.43%-2.35%
Net Income Growth %-0.06%0.24%
Net Income (Continuing)-10.35M-9.77M-7.45M
Discontinued Operations000
Minority Interest000
EPS (Diluted)+-0.21-0.20-0.32
EPS Growth %-0.05%-0.6%
EPS (Basic)-0.21-0.20-0.32
Diluted Shares Outstanding50.05M50.05M23.38M
Basic Shares Outstanding50.05M50.05M23.38M
Dividend Payout Ratio---

Balance Sheet

Dec 2021Dec 2022Dec 2023
Total Current Assets+12.6M10.09M5.69M
Cash & Short-Term Investments30.56K918.36K756
Cash Only30.56K918.36K756
Short-Term Investments000
Accounts Receivable4.97M4.19M2.11M
Days Sales Outstanding113.55224.28243.23
Inventory5.69M3.82M2.81M
Days Inventory Outstanding105.21144.21145.12
Other Current Assets1.32M247.2K543.67K
Total Non-Current Assets+40.93M34.46M31.82M
Property, Plant & Equipment36.47M31.78M29.74M
Fixed Asset Turnover0.44x0.21x0.11x
Goodwill000
Intangible Assets180.62K177.94K158.33K
Long-Term Investments000
Other Non-Current Assets4.28M2.5M1.92M
Total Assets+53.53M44.55M37.5M
Asset Turnover0.30x0.15x0.08x
Asset Growth %--0.17%-0.16%
Total Current Liabilities+25.25M17.04M14.97M
Accounts Payable6.42M3.16M1.79M
Days Payables Outstanding118.63119.2492.08
Short-Term Debt9.83M2.31M2.2M
Deferred Revenue (Current)1000K1000K1000K
Other Current Liabilities2.18M2.32M2.07M
Current Ratio0.50x0.59x0.38x
Quick Ratio0.27x0.37x0.19x
Cash Conversion Cycle100.13249.25296.27
Total Non-Current Liabilities+25.3M32.43M21.55M
Long-Term Debt00246.48K
Capital Lease Obligations21.85M21.53M20.39M
Deferred Tax Liabilities000
Other Non-Current Liabilities3.45M10.9M916.59K
Total Liabilities50.55M49.47M36.52M
Total Debt+32.06M23.86M24.57M
Net Debt32.03M22.94M24.57M
Debt / Equity10.75x-25.11x
Debt / EBITDA---
Net Debt / EBITDA---
Interest Coverage-17.33x-15.58x-78.56x
Total Equity+2.98M-4.92M978.34K
Equity Growth %--2.65%1.2%
Book Value per Share0.06-0.100.04
Total Shareholders' Equity2.98M-4.92M978.34K
Common Stock233233233
Retained Earnings-21.05M-30.81M-38.79M
Treasury Stock000
Accumulated OCI872.28K1.34M1.27M
Minority Interest000

Cash Flow

Dec 2021Dec 2022Dec 2023
Cash from Operations+-4.72M-4.6M-5.69M
Operating CF Margin %-0.3%-0.68%-1.8%
Operating CF Growth %-0.02%-0.24%
Net Income-10.35M-9.77M-7.45M
Depreciation & Amortization5.46M3.94M2.99M
Stock-Based Compensation000
Deferred Taxes000
Other Non-Cash Items1.27M2.18M-74.11K
Working Capital Changes-1.09M-956.8K-1.17M
Change in Receivables7.55M-613.51K1.73M
Change in Inventory781.48K2.7M1.26M
Change in Payables000
Cash from Investing+-815.71K-1.07M-548.93K
Capital Expenditures-815.71K-1.15M-548.93K
CapEx % of Revenue0.05%0.17%0.17%
Acquisitions---
Investments---
Other Investing083.25K0
Cash from Financing+3.27M4.22M6.37M
Debt Issued (Net)---
Equity Issued (Net)---
Dividends Paid000
Share Repurchases---
Other Financing09.74M0
Net Change in Cash---
Free Cash Flow+-5.53M-5.76M-6.24M
FCF Margin %-0.35%-0.84%-1.97%
FCF Growth %--0.04%-0.08%
FCF per Share-0.11-0.12-0.27
FCF Conversion (FCF/Net Income)0.46x0.47x0.76x
Interest Paid380.1K453.21K60.49K
Taxes Paid002.15K

Key Ratios

Metric202120222023
Return on Equity (ROE)-347.3%--761.09%
Return on Invested Capital (ROIC)--23.23%-27.35%
Gross Margin-23.53%-41.85%-123.75%
Net Margin-64.76%-143.32%-235.43%
Debt / Equity10.75x-25.11x
Interest Coverage-17.33x-15.58x-78.56x
FCF Conversion0.46x0.47x0.76x
Revenue Growth--57.37%-53.6%

Frequently Asked Questions

Growth & Financials

Elong Power Holding Limited (ELPW) reported $3.5M in revenue for fiscal year 2023. This represents a 78% decrease from $16.0M in 2021.

Elong Power Holding Limited (ELPW) saw revenue decline by 53.6% over the past year.

Elong Power Holding Limited (ELPW) reported a net loss of $11.2M for fiscal year 2023.

Dividend & Returns

Elong Power Holding Limited (ELPW) has a return on equity (ROE) of -761.1%. Negative ROE indicates the company is unprofitable.

Elong Power Holding Limited (ELPW) had negative free cash flow of $7.6M in fiscal year 2023, likely due to heavy capital investments.

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