Decent Holding Inc. (DXST) 10-Year Financial Performance & Capital Metrics

DXST • • Industrial / General

IndustrialsWaste ManagementWater & Wastewater TreatmentIndustrial Wastewater Treatment

AboutDecent Holding Inc., through its subsidiaries, provides industrial wastewater treatment services in the People's Republic of China. It also provides ecological river restoration and river ecosystem management services. In addition, the company offers microbial products, including COD decreasing, algae removal, and ammonia nitrogen decreasing bacteria, as well as river conditioner that are used to enhance water quality, remove pollutants, and treat black odor water. The company was founded in 2011 and is based in Yantai, the People's Republic of China. Decent Holding Inc. is a subsidiary of Decent Limited.Show more

Revenue $12M +22.2%
EBITDA $3M +14.8%
Net Income $2M +13.1%
EPS (Diluted) 0.13 +18.2%
Gross Margin 27.83% -18.2%
EBITDA Margin 22.2% -6.1%
Operating Margin 21.41% -6.9%
Net Margin 18.22% -7.4%
ROE 53.71% -44.6%
ROIC 59.23% -52.3%
Debt/Equity 0.01 -79.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 64.3%
✓Healthy 5Y average net margin of 16.2%
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y54.37%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y59.65%

TTM-

EPS CAGR

10Y-

5Y-

3Y59.9%

TTM-

ROCE

10Y Avg67.61%

5Y Avg67.61%

3Y Avg71.51%

Latest62.67%

Peer Comparison

Industrial Wastewater Treatment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DXSTDecent Holding Inc.	36.88M	1.50	11.54	22.18%	14.45%	47.34%		0.01
CHNRChina Natural Resources, Inc.	5.69M	4.53	-13.73			-15.72%

Profit & Loss

	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Sales/Revenue+	3.14M	3.59M	9.45M	11.54M
Revenue Growth %	-	0.15%	1.63%	0.22%
Cost of Goods Sold+	1.75M	1.94M	6.23M	8.33M
COGS % of Revenue	0.56%	0.54%	0.66%	0.72%
Gross Profit+	1.39M	1.65M	3.22M	3.21M
Gross Margin %	0.44%	0.46%	0.34%	0.28%
Gross Profit Growth %	-	0.19%	0.94%	-0%
Operating Expenses+	699.47K	1.16M	1.04M	741.47K
OpEx % of Revenue	0.22%	0.32%	0.11%	0.06%
Selling, General & Admin	617.87K	1.09M	921.26K	678.65K
SG&A % of Revenue	0.2%	0.3%	0.1%	0.06%
Research & Development	81.59K	60.88K	122.44K	28.98K
R&D % of Revenue	0.03%	0.02%	0.01%	0%
Other Operating Expenses	0	0	0	33.84K
Operating Income+	692.02K	498.52K	2.17M	2.47M
Operating Margin %	0.22%	0.14%	0.23%	0.21%
Operating Income Growth %	-	-0.28%	3.36%	0.14%
EBITDA+	696.77K	519.32K	2.23M	2.56M
EBITDA Margin %	0.22%	0.14%	0.24%	0.22%
EBITDA Growth %	-	-0.25%	3.3%	0.15%
D&A (Non-Cash Add-back)	4.75K	20.8K	60.55K	91.38K
EBIT	688.72K	518.12K	2.18M	2.48M
Net Interest Income+	-93.05K	-85.33K	-597	12.34K
Interest Income	165	1.34K	5.42K	12.34K
Interest Expense	93.22K	86.67K	6.02K	0
Other Income/Expense	-96.52K	-67.07K	4.62K	13.18K
Pretax Income+	595.51K	431.45K	2.18M	2.48M
Pretax Margin %	0.19%	0.12%	0.23%	0.22%
Income Tax+	78.61K	59.01K	316.93K	380.77K
Effective Tax Rate %	0.87%	0.86%	0.85%	0.85%
Net Income+	516.89K	372.44K	1.86M	2.1M
Net Margin %	0.16%	0.1%	0.2%	0.18%
Net Income Growth %	-	-0.28%	3.99%	0.13%
Net Income (Continuing)	516.89K	372.44K	1.86M	2.1M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	0.03	0.02	0.11	0.13
EPS Growth %	-	-0.28%	3.8%	0.18%
EPS (Basic)	0.03	0.02	0.11	0.13
Diluted Shares Outstanding	16.25M	16.25M	16.25M	16.25M
Basic Shares Outstanding	16.25M	16.25M	16.25M	16.25M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Total Current Assets+	6.65M	7.49M	4.2M	9.77M
Cash & Short-Term Investments	747.86K	1.97M	1.33M	407.03K
Cash Only	747.86K	1.97M	1.33M	407.03K
Short-Term Investments	0	0	0	0
Accounts Receivable	3.35M	1.73M	2.35M	9.36M
Days Sales Outstanding	389.18	176.05	90.68	295.92
Inventory	2.44M	1.69M	187	134
Days Inventory Outstanding	509.49	318.19	0.01	0.01
Other Current Assets	0	0	0	0
Total Non-Current Assets+	140.79K	869.34K	1.14M	1.46M
Property, Plant & Equipment	56.22K	415.33K	442.02K	353.64K
Fixed Asset Turnover	55.82x	8.65x	21.37x	32.64x
Goodwill	0	0	0	0
Intangible Assets	0	6.64K	6.26K	6.09K
Long-Term Investments	0	1.5K	1.5K	1.5K
Other Non-Current Assets	0	329.75K	545.88K	966.29K
Total Assets+	6.79M	8.36M	5.34M	11.24M
Asset Turnover	0.46x	0.43x	1.77x	1.03x
Asset Growth %	-	0.23%	-0.36%	1.1%
Total Current Liabilities+	5.55M	7.25M	2.49M	6.21M
Accounts Payable	387.58K	3.52K	87.59K	1.85M
Days Payables Outstanding	81	0.66	5.13	81.14
Short-Term Debt	1.69M	1.81M	75.33K	0
Deferred Revenue (Current)	1000K	1000K	0	0
Other Current Liabilities	0	0	-54.54K	41.17K
Current Ratio	1.20x	1.03x	1.69x	1.57x
Quick Ratio	0.76x	0.80x	1.69x	1.57x
Cash Conversion Cycle	817.66	493.58	85.56	214.79
Total Non-Current Liabilities+	499.61K	90.81K	40.69K	13.55K
Long-Term Debt	499.61K	0	0	0
Capital Lease Obligations	0	90.81K	40.69K	13.55K
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	6.05M	7.34M	2.53M	6.22M
Total Debt+	2.19M	1.96M	116.02K	41.83K
Net Debt	1.44M	-1.22K	-1.21M	-365.21K
Debt / Equity	2.97x	1.92x	0.04x	0.01x
Debt / EBITDA	3.14x	3.78x	0.05x	0.02x
Net Debt / EBITDA	2.07x	-0.00x	-0.54x	-0.14x
Interest Coverage	7.42x	5.75x	360.96x	-
Total Equity+	738.42K	1.02M	2.81M	5.02M
Equity Growth %	-	0.38%	1.75%	0.78%
Book Value per Share	0.05	0.06	0.17	0.31
Total Shareholders' Equity	738.42K	1.02M	2.81M	5.02M
Common Stock	1.5K	1.5K	1.5K	1.5K
Retained Earnings	-423.81K	-9.33K	1.66M	3.55M
Treasury Stock	0	0	0	0
Accumulated OCI	-47.86K	-178.66K	-57.58K	256.2K
Minority Interest	0	0	0	0

Cash Flow

	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	651.16K	1.39M	1.58M	-362.32K
Operating CF Margin %	0.21%	0.39%	0.17%	-0.03%
Operating CF Growth %	-	1.14%	0.14%	-1.23%
Net Income	516.89K	372.44K	1.86M	2.1M
Depreciation & Amortization	4.75K	20.8K	60.55K	91.38K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	78.61K	-39.63K	-27.99K	10.05K
Other Non-Cash Items	256.34K	413.98K	230.84K	28.85K
Working Capital Changes	-205.43K	623.34K	-538.77K	-2.6M
Change in Receivables	-282.8K	135.73K	-783.5K	-6.76M
Change in Inventory	-30.26K	479.33K	1.78M	-127
Change in Payables	372.19K	-371.39K	87.08K	1.75M
Cash from Investing+	-872.44K	599.61K	-143.03K	-117.48K
Capital Expenditures	-3.39K	-254.83K	-153.79K	-78.13K
CapEx % of Revenue	0%	0.07%	0.02%	0.01%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	-869.04K	854.44K	10.76K	-39.35K
Cash from Financing+	958.9K	-544.36K	-2.1M	-466.61K
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	-558.22K	-414.76K	-209.81K	-25.47K
Net Change in Cash	-	-	-	-
Free Cash Flow+	647.76K	1.13M	1.43M	-440.45K
FCF Margin %	0.21%	0.31%	0.15%	-0.04%
FCF Growth %	-	0.74%	0.27%	-1.31%
FCF per Share	0.04	0.07	0.09	-0.03
FCF Conversion (FCF/Net Income)	1.26x	3.73x	0.85x	-0.17x
Interest Paid	93.22K	86.67K	6.02K	0
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	70%	42.31%	96.94%	53.71%
Return on Invested Capital (ROIC)	23.79%	23.35%	124.06%	59.23%
Gross Margin	44.34%	46.02%	34.04%	27.83%
Net Margin	16.47%	10.36%	19.68%	18.22%
Debt / Equity	2.97x	1.92x	0.04x	0.01x
Interest Coverage	7.42x	5.75x	360.96x	-
FCF Conversion	1.26x	3.73x	0.85x	-0.17x
Revenue Growth	-	14.52%	162.89%	22.18%

Frequently Asked Questions

Valuation & Price

Decent Holding Inc. (DXST) has a price-to-earnings (P/E) ratio of 11.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Decent Holding Inc. (DXST) reported $24.4M in revenue for fiscal year 2024. This represents a 677% increase from $3.1M in 2021.

Decent Holding Inc. (DXST) grew revenue by 22.2% over the past year. This is strong growth.

Yes, Decent Holding Inc. (DXST) is profitable, generating $3.5M in net income for fiscal year 2024 (18.2% net margin).

Dividend & Returns

Decent Holding Inc. (DXST) has a return on equity (ROE) of 53.7%. This is excellent, indicating efficient use of shareholder capital.

Decent Holding Inc. (DXST) had negative free cash flow of $0.2M in fiscal year 2024, likely due to heavy capital investments.

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