Farmmi, Inc. (FAMI) 10-Year Financial Performance & Capital Metrics

FAMI • • Industrial / General

Consumer DefensivePackaged FoodsIngredients & Food ProcessingAgricultural Processing & Commodities

AboutFarmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus. It also operates Farmmi Jicai, an online store that sells edible fungi products under Forasen and Farmmi Liangpin brands. In addition, the company processes dried mushroom and dried black fungus. It offers its products to restaurants, cafeterias, and local specialty stores, as well as through distributors. Farmmi, Inc. was incorporated in 2015 and is headquartered in Lishui, China.Show more

Revenue $64M -41.9%
EBITDA $1M -40.6%
Net Income -$5M -283.0%
EPS (Diluted) -0.66 -118.3%
Gross Margin 6.04% +55.5%
EBITDA Margin 2.16% +2.2%
Operating Margin 1.24% -32.9%
Net Margin -7.26% -414.9%
ROE -2.8% -274.5%
ROIC 0.35% -68.5%
Debt/Equity 0.09 +29.7%
Interest Coverage 0.45 -47.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.8%
✓Share count reduced 16.6% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Thin 5Y average net margin of 1.2%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y15.77%

3Y17.74%

TTM-28.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-179.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1668.52%

ROCE

10Y Avg19.04%

5Y Avg1.92%

3Y Avg0.78%

Latest0.47%

Peer Comparison

Agricultural Processing & Commodities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTOGBIT ORIGIN Ltd	10.19M	0.12	-0.03	-53.87%	-6.68%	-313.89%		5.68
ABVEAbove Food Ingredients Inc. Common Stock	102.38M	2.00	-0.32	-7.07%	-24.6%	-80.94%	3.42%
COOTAustralian Oilseeds Holdings Limited Ordinary Shares	22.6M	0.81	-1.11	16.27%	-66.01%	-481.29%		19.90
FAMIFarmmi, Inc.	7.24M	1.32	-2	-41.89%	-2.87%	-2.25%		0.09
NCRANocera, Inc.	12.69M	0.88	-4.91	-28.86%	-24.59%	-71.02%		0.01

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	11.41M	20.72M	26.67M	29.82M	30.84M	30.17M	39.29M	99.21M	110.36M	64.13M
Revenue Growth %	-	0.82%	0.29%	0.12%	0.03%	-0.02%	0.3%	1.53%	0.11%	-0.42%
Cost of Goods Sold+	9.69M	17.37M	22.14M	24.75M	25.42M	25.2M	34.18M	93.78M	106.08M	60.26M
COGS % of Revenue	0.85%	0.84%	0.83%	0.83%	0.82%	0.84%	0.87%	0.95%	0.96%	0.94%
Gross Profit+	1.72M	3.34M	4.52M	5.07M	5.42M	4.96M	5.11M	5.44M	4.29M	3.87M
Gross Margin %	0.15%	0.16%	0.17%	0.17%	0.18%	0.16%	0.13%	0.05%	0.04%	0.06%
Gross Profit Growth %	-	0.94%	0.35%	0.12%	0.07%	-0.08%	0.03%	0.06%	-0.21%	-0.1%
Operating Expenses+	387.87K	474.36K	1.06M	1.99M	2.39M	2.86M	2.26M	4.5M	2.25M	3.08M
OpEx % of Revenue	0.03%	0.02%	0.04%	0.07%	0.08%	0.09%	0.06%	0.05%	0.02%	0.05%
Selling, General & Admin	387.87K	474.36K	1.06M	1.99M	2.39M	1.97M	3.13M	4.44M	2.25M	2.66M
SG&A % of Revenue	0.03%	0.02%	0.04%	0.07%	0.08%	0.07%	0.08%	0.04%	0.02%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	-1.88K	890.93K	-875.09K	57.17K	0	418.66K
Operating Income+	1.33M	2.87M	3.47M	3.08M	920.88K	1.12M	2.85M	942.37K	2.04M	795.68K
Operating Margin %	0.12%	0.14%	0.13%	0.1%	0.03%	0.04%	0.07%	0.01%	0.02%	0.01%
Operating Income Growth %	-	1.15%	0.21%	-0.11%	-0.7%	0.22%	1.55%	-0.67%	1.17%	-0.61%
EBITDA+	1.35M	2.89M	3.49M	3.1M	967.66K	1.19M	2.92M	1.31M	2.33M	1.38M
EBITDA Margin %	0.12%	0.14%	0.13%	0.1%	0.03%	0.04%	0.07%	0.01%	0.02%	0.02%
EBITDA Growth %	-	1.14%	0.21%	-0.11%	-0.69%	0.23%	1.46%	-0.55%	0.78%	-0.41%
D&A (Non-Cash Add-back)	20.53K	18.89K	21.94K	24.89K	46.78K	65.23K	68.42K	367.88K	289.55K	588.66K
EBIT	1.32M	2.83M	3.49M	3.08M	-188.47K	1.26M	2.51M	2.29M	3.51M	-2.94M
Net Interest Income+	-262.98K	-250.26K	-208.85K	-153.67K	-3.31M	-1.26M	-40.29K	334.56K	-1.6M	-1.75M
Interest Income	446	475	311	731	635	183	33.58K	516.87K	743.86K	3.89K
Interest Expense	263.43K	250.73K	209.16K	154.4K	3.31M	1.26M	73.87K	182.3K	2.34M	1.75M
Other Income/Expense	-271.92K	-290K	-193.09K	160.4K	-3.3M	-1.17M	-419.51K	1.16M	815.93K	-5.42M
Pretax Income+	1.06M	2.58M	3.28M	3.24M	-276.44K	848.79K	2.43M	2.11M	2.86M	-4.63M
Pretax Margin %	0.09%	0.12%	0.12%	0.11%	-0.01%	0.03%	0.06%	0.02%	0.03%	-0.07%
Income Tax+	299.31K	269.37K	5.79K	9.06K	34.56K	35.33K	25.57K	-118.37K	313.49K	264
Effective Tax Rate %	0.72%	0.9%	1%	0.99%	1.13%	0.97%	0.97%	1.06%	0.89%	1.01%
Net Income+	760.85K	2.31M	3.27M	3.22M	-311K	823.61K	2.36M	2.22M	2.54M	-4.65M
Net Margin %	0.07%	0.11%	0.12%	0.11%	-0.01%	0.03%	0.06%	0.02%	0.02%	-0.07%
Net Income Growth %	-	2.04%	0.41%	-0.02%	-1.1%	3.65%	1.86%	-0.06%	0.14%	-2.83%
Net Income (Continuing)	760.85K	2.31M	3.27M	3.23M	-218.28K	1.08M	2.41M	2.22M	2.54M	-4.63M
Discontinued Operations	0	0	0	0	0	-253.69K	-51.35K	0	0	0
Minority Interest	0	895.5K	896.58K	875.37K	839.05K	869.98K	916.51K	0	0	26.91K
EPS (Diluted)+	1.63	4.95	7.00	7.21	-0.67	1.25	0.55	9.18	3.60	-0.66
EPS Growth %	-	2.04%	0.41%	0.03%	-1.09%	2.87%	-0.56%	15.69%	-0.61%	-1.18%
EPS (Basic)	1.63	4.95	7.00	7.21	-0.67	1.25	0.55	9.18	8.41	-0.66
Diluted Shares Outstanding	467.2K	467.2K	467.2K	446.95K	467.15K	649.79K	4.18M	23.25M	8.45M	7.05M
Basic Shares Outstanding	467.2K	467.2K	467.2K	446.95K	467.15K	649.79K	4.11M	23.25M	3.63M	7.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	8.69M	13.05M	13.74M	21.34M	29.71M	37.02M	155.31M	153.25M	158.17M	161.93M
Cash & Short-Term Investments	156.49K	47.24K	2.59M	4.93M	135.13K	548.15K	62.05M	76.32M	12.79M	486.52K
Cash Only	156.49K	47.24K	2.59M	4.93M	135.13K	548.15K	59.25M	41.17M	12.79M	486.52K
Short-Term Investments	0	0	0	0	0	0	2.79M	35.15M	0	0
Accounts Receivable	6.69M	7.51M	5.14M	8.6M	13.83M	10.76M	24.47M	27.38M	24.79M	32.77M
Days Sales Outstanding	213.97	132.31	70.42	105.3	163.64	130.16	227.35	100.73	81.98	186.52
Inventory	1.82M	1.47M	1.59M	1.81M	1.46M	583.64K	1.37M	716.28K	3.9M	5.49M
Days Inventory Outstanding	68.46	30.96	26.24	26.66	20.95	8.45	14.65	2.79	13.43	33.26
Other Current Assets	314	307.24K	301.88K	135.31K	248.69K	1.78M	696.59K	206.57K	347.23K	1.05M
Total Non-Current Assets+	343.13K	81.47K	102.52K	736.36K	777.6K	1.17M	10.38M	10.53M	16.63M	24.81M
Property, Plant & Equipment	72.63K	56.76K	102.52K	136.36K	139.47K	1.09M	856.15K	579.22K	540.99K	7.44M
Fixed Asset Turnover	157.04x	364.97x	260.11x	218.67x	221.14x	27.70x	45.89x	171.29x	204.01x	8.62x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	38.13K	80.64K	40.08K	6.75K	0	0
Long-Term Investments	0	0	0	600K	600K	0	0	140.58K	6.9M	7.03M
Other Non-Current Assets	25.91K	24.71K	0	0	600K	0	9.49M	9.64M	9.19M	10.33M
Total Assets+	9.04M	13.14M	13.84M	22.08M	30.48M	38.19M	165.69M	163.78M	174.8M	186.73M
Asset Turnover	1.26x	1.58x	1.93x	1.35x	1.01x	0.79x	0.24x	0.61x	0.63x	0.34x
Asset Growth %	-	0.45%	0.05%	0.59%	0.38%	0.25%	3.34%	-0.01%	0.07%	0.07%
Total Current Liabilities+	6.79M	5.85M	2.53M	2.22M	8.15M	8.37M	4.15M	8.29M	10.71M	10.06M
Accounts Payable	1.44M	467K	415.82K	343.14K	293.26K	16.74K	56.46K	197.14K	1.11M	70K
Days Payables Outstanding	54.45	9.81	6.85	5.06	4.21	0.24	0.6	0.77	3.8	0.42
Short-Term Debt	4.73M	3.96M	1.65M	1.46M	4.33M	3.82M	2.17M	3.7M	8.88M	5.46M
Deferred Revenue (Current)	20.18K	1000K	415.38K	122.8K	5.93K	1000K	57.63K	0	0	0
Other Current Liabilities	593.94K	308.76K	461.11K	423.18K	3.52M	2.72M	1.7M	4.35M	660.94K	638.96K
Current Ratio	1.28x	2.23x	5.43x	9.60x	3.65x	4.42x	37.46x	18.49x	14.76x	16.10x
Quick Ratio	1.01x	1.98x	4.80x	8.79x	3.47x	4.35x	37.12x	18.40x	14.40x	15.55x
Cash Conversion Cycle	227.98	153.46	89.8	126.9	180.39	138.37	241.4	102.75	91.6	219.36
Total Non-Current Liabilities+	691.68K	0	661.17K	640.46K	0	669.2K	748.06K	809.44K	2.11M	6.66M
Long-Term Debt	691.68K	0	661.17K	640.46K	0	0	142.26K	292.29K	1.65M	2.18M
Capital Lease Obligations	0	0	0	0	0	154.37K	605.79K	517.16K	458.62K	4.03M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	514.83K	0	0	0	454.02K
Total Liabilities	7.48M	5.85M	3.19M	2.86M	8.15M	9.04M	4.89M	9.1M	12.82M	16.72M
Total Debt+	5.42M	3.96M	2.31M	2.1M	4.33M	4.07M	3.08M	4.55M	11.06M	15.05M
Net Debt	5.26M	3.91M	-276.45K	-2.83M	4.19M	3.52M	-56.18M	-36.62M	-1.73M	14.57M
Debt / Equity	3.47x	0.54x	0.22x	0.11x	0.19x	0.14x	0.02x	0.03x	0.07x	0.09x
Debt / EBITDA	4.01x	1.37x	0.66x	0.68x	4.47x	3.43x	1.05x	3.47x	4.74x	10.87x
Net Debt / EBITDA	3.89x	1.35x	-0.08x	-0.91x	4.33x	2.97x	-19.23x	-27.95x	-0.74x	10.52x
Interest Coverage	5.06x	11.44x	16.59x	19.93x	0.28x	0.89x	38.62x	5.17x	0.87x	0.45x
Total Equity+	1.56M	7.29M	10.65M	19.21M	22.34M	29.16M	160.79M	154.68M	161.98M	170.02M
Equity Growth %	-	3.67%	0.46%	0.8%	0.16%	0.31%	4.52%	-0.04%	0.05%	0.05%
Book Value per Share	3.34	15.60	22.80	42.99	47.82	44.87	38.48	6.65	19.16	24.11
Total Shareholders' Equity	1.56M	6.39M	9.76M	18.34M	21.5M	28.29M	159.88M	154.68M	161.98M	169.99M
Common Stock	10K	10K	10K	11.93K	12.59K	20.52K	557.78K	597.67K	1.22M	2.14M
Retained Earnings	-1.58M	733.01K	4M	7M	6.32M	6.77M	9.13M	14.9M	16.91M	13.25M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	297.58K	625.79K	718.94K	6.68K	-598.34K	1.16M	3.1M	-12.98M	-16.72M	-6.97M
Minority Interest	0	895.5K	896.58K	875.37K	839.05K	869.98K	916.51K	0	0	26.91K

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-729.05K	-640.9K	2M	-2.73M	-10.77M	-1.62M	-52.91M	20.64M	-75.75M	-16.78M
Operating CF Margin %	-0.06%	-0.03%	0.08%	-0.09%	-0.35%	-0.05%	-1.35%	0.21%	-0.69%	-0.26%
Operating CF Growth %	-	0.12%	4.13%	-2.36%	-2.95%	0.85%	-31.73%	1.39%	-4.67%	0.78%
Net Income	760.85K	2.31M	3.27M	3.23M	-311K	813.46K	2.36M	2.22M	2.54M	-4.65M
Depreciation & Amortization	20.53K	18.89K	21.94K	24.89K	46.78K	82.81K	68.42K	367.88K	289.55K	588.66K
Stock-Based Compensation	0	0	0	0	0	0	1.26M	2.01M	0	0
Deferred Taxes	260.53K	75.19K	0	0	0	0	-68.42K	-176.63K	164.6K	0
Other Non-Cash Items	40.3K	86.94K	451.11K	873	3.2M	2.18M	-56.36M	-598.92K	785.2K	5.85M
Working Capital Changes	-1.79M	-2.97M	-1.29M	-5.98M	-13.71M	-4.69M	-165.08K	16.81M	-79.54M	-18.56M
Change in Receivables	-2.34M	380.65K	133.68K	-3.8M	-5.76M	3.45M	-13.04M	6.48M	-9.05M	-10.55M
Change in Inventory	-529.99K	321.64K	-112.13K	-280.02K	291.65K	900.69K	-42.2M	515.6K	-3.27M	-1.4M
Change in Payables	1.07M	-930.37K	-51.04K	-62.71K	-38.39K	102.44K	26.4K	156.6K	946.28K	3.01M
Cash from Investing+	3.49M	-1.52M	2.13M	-64.72K	-94.91K	-247.24K	-12.26M	-41.99M	35.9M	2.07M
Capital Expenditures	-7.05K	-6.12K	-66.5K	-64.72K	-94.91K	-247.24K	-4.69K	-2.95K	-314	-29.45K
CapEx % of Revenue	0%	0%	0%	0%	0%	0.01%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.5M	-1.52M	2.19M	-64.72K	-81.61K	0	110.47M	-7.53M	7.53M	0
Cash from Financing+	-2.64M	2.06M	-1.65M	6.13M	6.06M	3.2M	122.41M	11.63M	11.02M	1.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	3.15M	-39.7K	6.13M	-1.36M	2.63M	-1.91M	-54.6K	9.15K	232.42K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-736.1K	-647.02K	1.94M	-2.79M	-10.87M	-1.86M	-946.27K	20.63M	-75.75M	-16.8M
FCF Margin %	-0.06%	-0.03%	0.07%	-0.09%	-0.35%	-0.06%	-0.02%	0.21%	-0.69%	-0.26%
FCF Growth %	-	0.12%	4%	-2.44%	-2.9%	0.83%	0.49%	22.8%	-4.67%	0.78%
FCF per Share	-1.58	-1.38	4.15	-6.24	-23.26	-2.87	-0.23	0.89	-8.96	-2.38
FCF Conversion (FCF/Net Income)	-0.96x	-0.28x	0.61x	-0.85x	34.64x	-1.96x	-22.43x	9.28x	-29.78x	3.60x
Interest Paid	261.55K	248.81K	203.2K	164.59K	118.24K	87.25K	116.7K	82.97K	165.18K	65.56K
Taxes Paid	19.6K	31.12K	10.21K	11.76K	13.78K	29.77K	22.1K	5.44K	67.57K	1.21K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	48.78%	52.31%	36.47%	21.58%	-1.5%	3.2%	2.48%	1.41%	1.61%	-2.8%
Return on Invested Capital (ROIC)	14.64%	23.89%	24.12%	17.25%	3.22%	2.84%	3.12%	0.63%	1.1%	0.35%
Gross Margin	15.08%	16.14%	16.97%	16.99%	17.58%	16.46%	13%	5.48%	3.88%	6.04%
Net Margin	6.67%	11.17%	12.27%	10.81%	-1.01%	2.73%	6%	2.24%	2.3%	-7.26%
Debt / Equity	3.47x	0.54x	0.22x	0.11x	0.19x	0.14x	0.02x	0.03x	0.07x	0.09x
Interest Coverage	5.06x	11.44x	16.59x	19.93x	0.28x	0.89x	38.62x	5.17x	0.87x	0.45x
FCF Conversion	-0.96x	-0.28x	0.61x	-0.85x	34.64x	-1.96x	-22.43x	9.28x	-29.78x	3.60x
Revenue Growth	-	81.62%	28.72%	11.83%	3.43%	-2.19%	30.24%	152.52%	11.24%	-41.89%

Revenue by Segment

	2018	2019	2020	2021
Shiitake	16.75M	17.89M	16.68M	20.49M
Shiitake Growth	-	6.81%	-6.77%	22.85%
Mu Er	12.19M	11.66M	12.3M	16.52M
Mu Er Growth	-	-4.36%	5.51%	34.32%
Other edible fungi and other agricultural products	-	-	-	2.27M
Other edible fungi and other agricultural products Growth	-	-	-	-
Other Edible Fungi	875.67K	1.29M	1.18M	-
Other Edible Fungi Growth	-	47.15%	-8.21%	-

Revenue by Geography

	2018	2019	2020	2021
Non Us	-	2.11M	1.69M	-
Non Us Growth	-	-	-19.56%	-
China	27.15M	-	-	-
China Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Farmmi, Inc. (FAMI) reported $130.1M in revenue for fiscal year 2024. This represents a 1041% increase from $11.4M in 2015.

Farmmi, Inc. (FAMI) saw revenue decline by 41.9% over the past year.

Farmmi, Inc. (FAMI) reported a net loss of $3.7M for fiscal year 2024.

Dividend & Returns

Farmmi, Inc. (FAMI) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

Farmmi, Inc. (FAMI) had negative free cash flow of $51.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Farmmi, Inc. (FAMI) 10-Year Financial Performance & Capital Metrics

FAMI • • Industrial / General

Consumer DefensivePackaged FoodsIngredients & Food ProcessingAgricultural Processing & Commodities

Revenue $64M -41.9%
EBITDA $1M -40.6%
Net Income -$5M -283.0%
EPS (Diluted) -0.66 -118.3%
Gross Margin 6.04% +55.5%
EBITDA Margin 2.16% +2.2%
Operating Margin 1.24% -32.9%
Net Margin -7.26% -414.9%
ROE -2.8% -274.5%
ROIC 0.35% -68.5%
Debt/Equity 0.09 +29.7%
Interest Coverage 0.45 -47.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.8%
✓Share count reduced 16.6% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Thin 5Y average net margin of 1.2%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y15.77%

3Y17.74%

TTM-28.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-179.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1668.52%

ROCE

10Y Avg19.04%

5Y Avg1.92%

3Y Avg0.78%

Latest0.47%

Peer Comparison

Agricultural Processing & Commodities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTOGBIT ORIGIN Ltd	10.19M	0.12	-0.03	-53.87%	-6.68%	-313.89%		5.68
ABVEAbove Food Ingredients Inc. Common Stock	102.38M	2.00	-0.32	-7.07%	-24.6%	-80.94%	3.42%
COOTAustralian Oilseeds Holdings Limited Ordinary Shares	22.6M	0.81	-1.11	16.27%	-66.01%	-481.29%		19.90
FAMIFarmmi, Inc.	7.24M	1.32	-2	-41.89%	-2.87%	-2.25%		0.09
NCRANocera, Inc.	12.69M	0.88	-4.91	-28.86%	-24.59%	-71.02%		0.01

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	11.41M	20.72M	26.67M	29.82M	30.84M	30.17M	39.29M	99.21M	110.36M	64.13M
Revenue Growth %	-	0.82%	0.29%	0.12%	0.03%	-0.02%	0.3%	1.53%	0.11%	-0.42%
Cost of Goods Sold+	9.69M	17.37M	22.14M	24.75M	25.42M	25.2M	34.18M	93.78M	106.08M	60.26M
COGS % of Revenue	0.85%	0.84%	0.83%	0.83%	0.82%	0.84%	0.87%	0.95%	0.96%	0.94%
Gross Profit+	1.72M	3.34M	4.52M	5.07M	5.42M	4.96M	5.11M	5.44M	4.29M	3.87M
Gross Margin %	0.15%	0.16%	0.17%	0.17%	0.18%	0.16%	0.13%	0.05%	0.04%	0.06%
Gross Profit Growth %	-	0.94%	0.35%	0.12%	0.07%	-0.08%	0.03%	0.06%	-0.21%	-0.1%
Operating Expenses+	387.87K	474.36K	1.06M	1.99M	2.39M	2.86M	2.26M	4.5M	2.25M	3.08M
OpEx % of Revenue	0.03%	0.02%	0.04%	0.07%	0.08%	0.09%	0.06%	0.05%	0.02%	0.05%
Selling, General & Admin	387.87K	474.36K	1.06M	1.99M	2.39M	1.97M	3.13M	4.44M	2.25M	2.66M
SG&A % of Revenue	0.03%	0.02%	0.04%	0.07%	0.08%	0.07%	0.08%	0.04%	0.02%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	-1.88K	890.93K	-875.09K	57.17K	0	418.66K
Operating Income+	1.33M	2.87M	3.47M	3.08M	920.88K	1.12M	2.85M	942.37K	2.04M	795.68K
Operating Margin %	0.12%	0.14%	0.13%	0.1%	0.03%	0.04%	0.07%	0.01%	0.02%	0.01%
Operating Income Growth %	-	1.15%	0.21%	-0.11%	-0.7%	0.22%	1.55%	-0.67%	1.17%	-0.61%
EBITDA+	1.35M	2.89M	3.49M	3.1M	967.66K	1.19M	2.92M	1.31M	2.33M	1.38M
EBITDA Margin %	0.12%	0.14%	0.13%	0.1%	0.03%	0.04%	0.07%	0.01%	0.02%	0.02%
EBITDA Growth %	-	1.14%	0.21%	-0.11%	-0.69%	0.23%	1.46%	-0.55%	0.78%	-0.41%
D&A (Non-Cash Add-back)	20.53K	18.89K	21.94K	24.89K	46.78K	65.23K	68.42K	367.88K	289.55K	588.66K
EBIT	1.32M	2.83M	3.49M	3.08M	-188.47K	1.26M	2.51M	2.29M	3.51M	-2.94M
Net Interest Income+	-262.98K	-250.26K	-208.85K	-153.67K	-3.31M	-1.26M	-40.29K	334.56K	-1.6M	-1.75M
Interest Income	446	475	311	731	635	183	33.58K	516.87K	743.86K	3.89K
Interest Expense	263.43K	250.73K	209.16K	154.4K	3.31M	1.26M	73.87K	182.3K	2.34M	1.75M
Other Income/Expense	-271.92K	-290K	-193.09K	160.4K	-3.3M	-1.17M	-419.51K	1.16M	815.93K	-5.42M
Pretax Income+	1.06M	2.58M	3.28M	3.24M	-276.44K	848.79K	2.43M	2.11M	2.86M	-4.63M
Pretax Margin %	0.09%	0.12%	0.12%	0.11%	-0.01%	0.03%	0.06%	0.02%	0.03%	-0.07%
Income Tax+	299.31K	269.37K	5.79K	9.06K	34.56K	35.33K	25.57K	-118.37K	313.49K	264
Effective Tax Rate %	0.72%	0.9%	1%	0.99%	1.13%	0.97%	0.97%	1.06%	0.89%	1.01%
Net Income+	760.85K	2.31M	3.27M	3.22M	-311K	823.61K	2.36M	2.22M	2.54M	-4.65M
Net Margin %	0.07%	0.11%	0.12%	0.11%	-0.01%	0.03%	0.06%	0.02%	0.02%	-0.07%
Net Income Growth %	-	2.04%	0.41%	-0.02%	-1.1%	3.65%	1.86%	-0.06%	0.14%	-2.83%
Net Income (Continuing)	760.85K	2.31M	3.27M	3.23M	-218.28K	1.08M	2.41M	2.22M	2.54M	-4.63M
Discontinued Operations	0	0	0	0	0	-253.69K	-51.35K	0	0	0
Minority Interest	0	895.5K	896.58K	875.37K	839.05K	869.98K	916.51K	0	0	26.91K
EPS (Diluted)+	1.63	4.95	7.00	7.21	-0.67	1.25	0.55	9.18	3.60	-0.66
EPS Growth %	-	2.04%	0.41%	0.03%	-1.09%	2.87%	-0.56%	15.69%	-0.61%	-1.18%
EPS (Basic)	1.63	4.95	7.00	7.21	-0.67	1.25	0.55	9.18	8.41	-0.66
Diluted Shares Outstanding	467.2K	467.2K	467.2K	446.95K	467.15K	649.79K	4.18M	23.25M	8.45M	7.05M
Basic Shares Outstanding	467.2K	467.2K	467.2K	446.95K	467.15K	649.79K	4.11M	23.25M	3.63M	7.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	8.69M	13.05M	13.74M	21.34M	29.71M	37.02M	155.31M	153.25M	158.17M	161.93M
Cash & Short-Term Investments	156.49K	47.24K	2.59M	4.93M	135.13K	548.15K	62.05M	76.32M	12.79M	486.52K
Cash Only	156.49K	47.24K	2.59M	4.93M	135.13K	548.15K	59.25M	41.17M	12.79M	486.52K
Short-Term Investments	0	0	0	0	0	0	2.79M	35.15M	0	0
Accounts Receivable	6.69M	7.51M	5.14M	8.6M	13.83M	10.76M	24.47M	27.38M	24.79M	32.77M
Days Sales Outstanding	213.97	132.31	70.42	105.3	163.64	130.16	227.35	100.73	81.98	186.52
Inventory	1.82M	1.47M	1.59M	1.81M	1.46M	583.64K	1.37M	716.28K	3.9M	5.49M
Days Inventory Outstanding	68.46	30.96	26.24	26.66	20.95	8.45	14.65	2.79	13.43	33.26
Other Current Assets	314	307.24K	301.88K	135.31K	248.69K	1.78M	696.59K	206.57K	347.23K	1.05M
Total Non-Current Assets+	343.13K	81.47K	102.52K	736.36K	777.6K	1.17M	10.38M	10.53M	16.63M	24.81M
Property, Plant & Equipment	72.63K	56.76K	102.52K	136.36K	139.47K	1.09M	856.15K	579.22K	540.99K	7.44M
Fixed Asset Turnover	157.04x	364.97x	260.11x	218.67x	221.14x	27.70x	45.89x	171.29x	204.01x	8.62x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	38.13K	80.64K	40.08K	6.75K	0	0
Long-Term Investments	0	0	0	600K	600K	0	0	140.58K	6.9M	7.03M
Other Non-Current Assets	25.91K	24.71K	0	0	600K	0	9.49M	9.64M	9.19M	10.33M
Total Assets+	9.04M	13.14M	13.84M	22.08M	30.48M	38.19M	165.69M	163.78M	174.8M	186.73M
Asset Turnover	1.26x	1.58x	1.93x	1.35x	1.01x	0.79x	0.24x	0.61x	0.63x	0.34x
Asset Growth %	-	0.45%	0.05%	0.59%	0.38%	0.25%	3.34%	-0.01%	0.07%	0.07%
Total Current Liabilities+	6.79M	5.85M	2.53M	2.22M	8.15M	8.37M	4.15M	8.29M	10.71M	10.06M
Accounts Payable	1.44M	467K	415.82K	343.14K	293.26K	16.74K	56.46K	197.14K	1.11M	70K
Days Payables Outstanding	54.45	9.81	6.85	5.06	4.21	0.24	0.6	0.77	3.8	0.42
Short-Term Debt	4.73M	3.96M	1.65M	1.46M	4.33M	3.82M	2.17M	3.7M	8.88M	5.46M
Deferred Revenue (Current)	20.18K	1000K	415.38K	122.8K	5.93K	1000K	57.63K	0	0	0
Other Current Liabilities	593.94K	308.76K	461.11K	423.18K	3.52M	2.72M	1.7M	4.35M	660.94K	638.96K
Current Ratio	1.28x	2.23x	5.43x	9.60x	3.65x	4.42x	37.46x	18.49x	14.76x	16.10x
Quick Ratio	1.01x	1.98x	4.80x	8.79x	3.47x	4.35x	37.12x	18.40x	14.40x	15.55x
Cash Conversion Cycle	227.98	153.46	89.8	126.9	180.39	138.37	241.4	102.75	91.6	219.36
Total Non-Current Liabilities+	691.68K	0	661.17K	640.46K	0	669.2K	748.06K	809.44K	2.11M	6.66M
Long-Term Debt	691.68K	0	661.17K	640.46K	0	0	142.26K	292.29K	1.65M	2.18M
Capital Lease Obligations	0	0	0	0	0	154.37K	605.79K	517.16K	458.62K	4.03M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	514.83K	0	0	0	454.02K
Total Liabilities	7.48M	5.85M	3.19M	2.86M	8.15M	9.04M	4.89M	9.1M	12.82M	16.72M
Total Debt+	5.42M	3.96M	2.31M	2.1M	4.33M	4.07M	3.08M	4.55M	11.06M	15.05M
Net Debt	5.26M	3.91M	-276.45K	-2.83M	4.19M	3.52M	-56.18M	-36.62M	-1.73M	14.57M
Debt / Equity	3.47x	0.54x	0.22x	0.11x	0.19x	0.14x	0.02x	0.03x	0.07x	0.09x
Debt / EBITDA	4.01x	1.37x	0.66x	0.68x	4.47x	3.43x	1.05x	3.47x	4.74x	10.87x
Net Debt / EBITDA	3.89x	1.35x	-0.08x	-0.91x	4.33x	2.97x	-19.23x	-27.95x	-0.74x	10.52x
Interest Coverage	5.06x	11.44x	16.59x	19.93x	0.28x	0.89x	38.62x	5.17x	0.87x	0.45x
Total Equity+	1.56M	7.29M	10.65M	19.21M	22.34M	29.16M	160.79M	154.68M	161.98M	170.02M
Equity Growth %	-	3.67%	0.46%	0.8%	0.16%	0.31%	4.52%	-0.04%	0.05%	0.05%
Book Value per Share	3.34	15.60	22.80	42.99	47.82	44.87	38.48	6.65	19.16	24.11
Total Shareholders' Equity	1.56M	6.39M	9.76M	18.34M	21.5M	28.29M	159.88M	154.68M	161.98M	169.99M
Common Stock	10K	10K	10K	11.93K	12.59K	20.52K	557.78K	597.67K	1.22M	2.14M
Retained Earnings	-1.58M	733.01K	4M	7M	6.32M	6.77M	9.13M	14.9M	16.91M	13.25M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	297.58K	625.79K	718.94K	6.68K	-598.34K	1.16M	3.1M	-12.98M	-16.72M	-6.97M
Minority Interest	0	895.5K	896.58K	875.37K	839.05K	869.98K	916.51K	0	0	26.91K

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-729.05K	-640.9K	2M	-2.73M	-10.77M	-1.62M	-52.91M	20.64M	-75.75M	-16.78M
Operating CF Margin %	-0.06%	-0.03%	0.08%	-0.09%	-0.35%	-0.05%	-1.35%	0.21%	-0.69%	-0.26%
Operating CF Growth %	-	0.12%	4.13%	-2.36%	-2.95%	0.85%	-31.73%	1.39%	-4.67%	0.78%
Net Income	760.85K	2.31M	3.27M	3.23M	-311K	813.46K	2.36M	2.22M	2.54M	-4.65M
Depreciation & Amortization	20.53K	18.89K	21.94K	24.89K	46.78K	82.81K	68.42K	367.88K	289.55K	588.66K
Stock-Based Compensation	0	0	0	0	0	0	1.26M	2.01M	0	0
Deferred Taxes	260.53K	75.19K	0	0	0	0	-68.42K	-176.63K	164.6K	0
Other Non-Cash Items	40.3K	86.94K	451.11K	873	3.2M	2.18M	-56.36M	-598.92K	785.2K	5.85M
Working Capital Changes	-1.79M	-2.97M	-1.29M	-5.98M	-13.71M	-4.69M	-165.08K	16.81M	-79.54M	-18.56M
Change in Receivables	-2.34M	380.65K	133.68K	-3.8M	-5.76M	3.45M	-13.04M	6.48M	-9.05M	-10.55M
Change in Inventory	-529.99K	321.64K	-112.13K	-280.02K	291.65K	900.69K	-42.2M	515.6K	-3.27M	-1.4M
Change in Payables	1.07M	-930.37K	-51.04K	-62.71K	-38.39K	102.44K	26.4K	156.6K	946.28K	3.01M
Cash from Investing+	3.49M	-1.52M	2.13M	-64.72K	-94.91K	-247.24K	-12.26M	-41.99M	35.9M	2.07M
Capital Expenditures	-7.05K	-6.12K	-66.5K	-64.72K	-94.91K	-247.24K	-4.69K	-2.95K	-314	-29.45K
CapEx % of Revenue	0%	0%	0%	0%	0%	0.01%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.5M	-1.52M	2.19M	-64.72K	-81.61K	0	110.47M	-7.53M	7.53M	0
Cash from Financing+	-2.64M	2.06M	-1.65M	6.13M	6.06M	3.2M	122.41M	11.63M	11.02M	1.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	3.15M	-39.7K	6.13M	-1.36M	2.63M	-1.91M	-54.6K	9.15K	232.42K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-736.1K	-647.02K	1.94M	-2.79M	-10.87M	-1.86M	-946.27K	20.63M	-75.75M	-16.8M
FCF Margin %	-0.06%	-0.03%	0.07%	-0.09%	-0.35%	-0.06%	-0.02%	0.21%	-0.69%	-0.26%
FCF Growth %	-	0.12%	4%	-2.44%	-2.9%	0.83%	0.49%	22.8%	-4.67%	0.78%
FCF per Share	-1.58	-1.38	4.15	-6.24	-23.26	-2.87	-0.23	0.89	-8.96	-2.38
FCF Conversion (FCF/Net Income)	-0.96x	-0.28x	0.61x	-0.85x	34.64x	-1.96x	-22.43x	9.28x	-29.78x	3.60x
Interest Paid	261.55K	248.81K	203.2K	164.59K	118.24K	87.25K	116.7K	82.97K	165.18K	65.56K
Taxes Paid	19.6K	31.12K	10.21K	11.76K	13.78K	29.77K	22.1K	5.44K	67.57K	1.21K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	48.78%	52.31%	36.47%	21.58%	-1.5%	3.2%	2.48%	1.41%	1.61%	-2.8%
Return on Invested Capital (ROIC)	14.64%	23.89%	24.12%	17.25%	3.22%	2.84%	3.12%	0.63%	1.1%	0.35%
Gross Margin	15.08%	16.14%	16.97%	16.99%	17.58%	16.46%	13%	5.48%	3.88%	6.04%
Net Margin	6.67%	11.17%	12.27%	10.81%	-1.01%	2.73%	6%	2.24%	2.3%	-7.26%
Debt / Equity	3.47x	0.54x	0.22x	0.11x	0.19x	0.14x	0.02x	0.03x	0.07x	0.09x
Interest Coverage	5.06x	11.44x	16.59x	19.93x	0.28x	0.89x	38.62x	5.17x	0.87x	0.45x
FCF Conversion	-0.96x	-0.28x	0.61x	-0.85x	34.64x	-1.96x	-22.43x	9.28x	-29.78x	3.60x
Revenue Growth	-	81.62%	28.72%	11.83%	3.43%	-2.19%	30.24%	152.52%	11.24%	-41.89%

Revenue by Segment

	2018	2019	2020	2021
Shiitake	16.75M	17.89M	16.68M	20.49M
Shiitake Growth	-	6.81%	-6.77%	22.85%
Mu Er	12.19M	11.66M	12.3M	16.52M
Mu Er Growth	-	-4.36%	5.51%	34.32%
Other edible fungi and other agricultural products	-	-	-	2.27M
Other edible fungi and other agricultural products Growth	-	-	-	-
Other Edible Fungi	875.67K	1.29M	1.18M	-
Other Edible Fungi Growth	-	47.15%	-8.21%	-

Revenue by Geography

	2018	2019	2020	2021
Non Us	-	2.11M	1.69M	-
Non Us Growth	-	-	-19.56%	-
China	27.15M	-	-	-
China Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Farmmi, Inc. (FAMI) reported $130.1M in revenue for fiscal year 2024. This represents a 1041% increase from $11.4M in 2015.

Farmmi, Inc. (FAMI) saw revenue decline by 41.9% over the past year.

Farmmi, Inc. (FAMI) reported a net loss of $3.7M for fiscal year 2024.

Dividend & Returns

Farmmi, Inc. (FAMI) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

Farmmi, Inc. (FAMI) had negative free cash flow of $51.8M in fiscal year 2024, likely due to heavy capital investments.