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Huadi International Group Co., Ltd. (HUDI) 10-Year Financial Performance & Capital Metrics

HUDI • • Industrial / General
Basic MaterialsSteelSteel Tubular ProductsIndustrial Pipe & Tube Manufacturers
AboutHuadi International Group Co., Ltd. develops, manufactures, markets, and sells industrial stainless steel seamless pipes, tubes, bars, and plates in the People's Republic of China. The company's products are used in oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally. The company was founded in 1992 and is based in Wenzhou, the People's Republic of China. Huadi International Group Co., Ltd. is a subsidiary of Yongqiang Donghai Limited.Show more
  • Revenue $74M -11.9%
  • EBITDA -$849K -122.2%
  • Net Income $137K -95.8%
  • EPS (Diluted) 0.01 -95.8%
  • Gross Margin 9.85% -32.8%
  • EBITDA Margin -1.14% -125.2%
  • Operating Margin -2.17% -158.7%
  • Net Margin 0.18% -95.2%
  • ROE 0.18% -96.6%
  • ROIC -1.71% -145.6%
  • Debt/Equity 0.19 +20.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.1%
  • ✗Profits declining 52.0% over 5 years
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Trading more than 30% below 52-week high

* 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-
5Y2.54%
3Y1.87%
TTM-3.01%

Profit (Net Income) CAGR

10Y-
5Y-52%
3Y-62.14%
TTM-59.96%

EPS CAGR

10Y-
5Y-55.33%
3Y-64.24%
TTM-58.86%

ROCE

10Y Avg22.06%
5Y Avg6.47%
3Y Avg2.24%
Latest-2.01%

Peer Comparison

Industrial Pipe & Tube Manufacturers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HUDIHuadi International Group Co., Ltd.18.13M1.27132.29-11.93%1.4%2.77%54.73%0.19

Profit & Loss

Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Sales/Revenue+49.4M60.39M65.52M59.14M70.25M76.37M84.33M74.27M
Revenue Growth %-0.22%0.08%-0.1%0.19%0.09%0.1%-0.12%
Cost of Goods Sold+39.73M47.14M50.9M48.47M58.93M65.23M71.98M66.95M
COGS % of Revenue0.8%0.78%0.78%0.82%0.84%0.85%0.85%0.9%
Gross Profit+9.67M13.24M14.62M10.66M11.32M11.14M12.36M7.32M
Gross Margin %0.2%0.22%0.22%0.18%0.16%0.15%0.15%0.1%
Gross Profit Growth %-0.37%0.1%-0.27%0.06%-0.02%0.11%-0.41%
Operating Expenses+4.58M4.79M6.24M6.06M8.74M8.78M9.24M8.92M
OpEx % of Revenue0.09%0.08%0.1%0.1%0.12%0.12%0.11%0.12%
Selling, General & Admin3.13M3.34M4.47M3.94M6.68M6.45M7.34M6.78M
SG&A % of Revenue0.06%0.06%0.07%0.07%0.1%0.08%0.09%0.09%
Research & Development1.45M1.45M1.78M2.12M2.06M2.33M2.55M2.24M
R&D % of Revenue0.03%0.02%0.03%0.04%0.03%0.03%0.03%0.03%
Other Operating Expenses000000-644.12K-98.35K
Operating Income+5.1M8.2M8.38M4.46M2.58M2.35M3.11M-1.61M
Operating Margin %0.1%0.14%0.13%0.08%0.04%0.03%0.04%-0.02%
Operating Income Growth %-0.61%0.02%-0.47%-0.42%-0.09%0.32%-1.52%
EBITDA+6.02M8.92M9.03M5.21M3.35M3.15M3.83M-849.08K
EBITDA Margin %0.12%0.15%0.14%0.09%0.05%0.04%0.05%-0.01%
EBITDA Growth %-0.48%0.01%-0.42%-0.36%-0.06%0.22%-1.22%
D&A (Non-Cash Add-back)923.41K726.66K648.25K753.63K767.68K792.89K715.88K759.4K
EBIT5.1M8.09M8.6M5.74M4.53M3.75M3.81M-1.71M
Net Interest Income+0-2.08M-2.15M-2.16M-2.06M-1.63M-296.26K206.34K
Interest Income2.04M000000206.34K
Interest Expense02.08M2.15M2.16M2.06M1.63M296.26K0
Other Income/Expense6.26M-1.61M-1.93M-1.03M-109.93K-231.47K405.49K1.45M
Pretax Income+11.36M6.59M6.45M3.58M2.47M2.12M3.52M-156.22K
Pretax Margin %0.23%0.11%0.1%0.06%0.04%0.03%0.04%-0%
Income Tax+2.03M1.34M1.01M218.95K-89K173.02K220.85K-298.61K
Effective Tax Rate %0.81%0.79%0.84%0.93%1.03%0.91%0.93%-0.88%
Net Income+9.24M5.2M5.39M3.32M2.53M1.92M3.26M137.42K
Net Margin %0.19%0.09%0.08%0.06%0.04%0.03%0.04%0%
Net Income Growth %--0.44%0.04%-0.38%-0.24%-0.24%0.69%-0.96%
Net Income (Continuing)9.33M5.25M5.45M3.36M2.56M1.95M3.3M142.4K
Discontinued Operations00000000
Minority Interest86.51K132.71K178.6K224.41K264.51K250.43K274.82K314.21K
EPS (Diluted)+0.920.390.540.240.210.150.230.01
EPS Growth %--0.58%0.38%-0.56%-0.13%-0.29%0.53%-0.96%
EPS (Basic)0.680.390.400.240.210.150.230.01
Diluted Shares Outstanding10M13.21M10M13.59M12.12M13.23M14.14M14.26M
Basic Shares Outstanding10M13.21M10M13.59M12.12M13.23M14.14M14.26M
Dividend Payout Ratio--------

Balance Sheet

Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Total Current Assets+59.69M57.18M47.93M47.35M77.08M64.4M80.24M77.47M
Cash & Short-Term Investments3.77M1.31M1.06M796.79K15.35M13.2M20.19M18.12M
Cash Only3.77M1.31M1.06M796.79K15.35M13.2M20.19M18.12M
Short-Term Investments00000000
Accounts Receivable21.73M24.11M20.51M18.46M28.35M21.62M30.46M27.32M
Days Sales Outstanding160.56145.76114.27113.96147.29103.34131.85134.24
Inventory34.19M22.14M17.85M20.84M22.72M24.87M26.71M23.31M
Days Inventory Outstanding314.13171.43127.98156.91140.74139.15135.43127.09
Other Current Assets19.7M9.61M8.52M7.25M1.3M4.72M769.23K4.41M
Total Non-Current Assets+19.52M18.77M20.84M21.78M23.17M20.23M22.77M26.12M
Property, Plant & Equipment3.77M3.49M6.48M6.69M7.21M5.99M5.35M8.05M
Fixed Asset Turnover13.11x17.28x10.11x8.84x9.74x12.75x15.75x9.23x
Goodwill00000000
Intangible Assets1.32M1.25M1.17M1.2M1.23M1.07M4.31M4.37M
Long-Term Investments13.72M13.3M12.78M13.45M14.17M12.84M12.52M13.01M
Other Non-Current Assets000000198.19K138.34K
Total Assets+79.21M75.94M68.77M69.12M100.25M84.64M103.01M103.59M
Asset Turnover0.62x0.80x0.95x0.86x0.70x0.90x0.82x0.72x
Asset Growth %--0.04%-0.09%0.01%0.45%-0.16%0.22%0.01%
Total Current Liabilities+67.21M59.33M47.57M43.33M48.77M25.7M22.61M23.83M
Accounts Payable8.54M1.18M1.12M1.86M1.71M3.36M7.13M1.89M
Days Payables Outstanding78.439.168.0613.9710.6218.7936.1410.3
Short-Term Debt47.93M47.32M35.19M32.74M35.77M12.44M6.12M14.59M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities2.55M4.17M8.15M5.64M4.57M4.06M502.1K0
Current Ratio0.89x0.96x1.01x1.09x1.58x2.51x3.55x3.25x
Quick Ratio0.38x0.59x0.63x0.61x1.11x1.54x2.37x2.27x
Cash Conversion Cycle396.26308.04234.19256.9277.42223.7231.14251.03
Total Non-Current Liabilities+000042.15M9.3M5.72M1.45M
Long-Term Debt000009.3M5.4M0
Capital Lease Obligations00000000
Deferred Tax Liabilities00000000
Other Non-Current Liabilities000000317.68K308.91K
Total Liabilities67.21M59.33M47.57M43.33M48.77M35M28.33M25.28M
Total Debt+47.93M47.32M35.19M32.74M35.77M21.74M11.52M14.59M
Net Debt44.16M46.01M34.13M31.94M20.42M8.54M-8.67M-3.53M
Debt / Equity3.99x2.85x1.66x1.27x0.69x0.44x0.15x0.19x
Debt / EBITDA7.96x5.30x3.90x6.28x10.69x6.91x3.01x-
Net Debt / EBITDA7.34x5.16x3.78x6.13x6.10x2.72x-2.27x-
Interest Coverage-3.94x3.90x2.06x1.25x1.44x10.50x-
Total Equity+12M16.62M21.21M25.79M51.48M49.63M74.68M78.32M
Equity Growth %-0.39%0.28%0.22%1%-0.04%0.5%0.05%
Book Value per Share1.201.262.121.904.253.755.285.49
Total Shareholders' Equity11.91M16.49M21.03M25.56M51.21M49.38M74.41M78M
Common Stock2K2K2K2K2.63K2.65K2.85K2.86K
Retained Earnings-14.07M-8.87M-3.48M-159.19K2.12M3.8M6.68M7.7M
Treasury Stock00000000
Accumulated OCI3.45M2.83M1.98M3.19M4.88M1.37M445.74K2.97M
Minority Interest86.51K132.71K178.6K224.41K264.51K250.43K274.82K314.21K

Cash Flow

Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Cash from Operations+-9.12M1.21M2.35M3.2M-5.65M8.03M-2.45M12.99M
Operating CF Margin %-0.18%0.02%0.04%0.05%-0.08%0.11%-0.03%0.17%
Operating CF Growth %-1.13%0.94%0.37%-2.76%2.42%-1.3%6.31%
Net Income9.24M5.25M5.45M3.36M2.56M1.95M3.3M137.42K
Depreciation & Amortization923.41K726.66K648.25K753.63K767.68K824.98K715.88K759.4K
Stock-Based Compensation00000059.6K49K
Deferred Taxes-93.41K-53.68K296.16K0-89K173.02K-64.61K-307.28K
Other Non-Cash Items7.64M309.34K19.05K-654.14K-151.91K-564.28K-58.31K-45.67K
Working Capital Changes-11.64M-4.97M-4.06M-251.5K-8.73M5.65M-6.4M12.4M
Change in Receivables3.12M-2.91M996.76K-260.2K-8.82M4.08M-3.84M5.46M
Change in Inventory-7.77M-1.57M3.57M-1.99M-756.59K-4.65M-2.55M4.34M
Change in Payables-8.7M-7.45M-13.03K650.99K-238.64K1.96M3.98M-5.38M
Cash from Investing+8.82M-527.75K-912.7K59.79K-897.25K-206.18K-3.59M-3.07M
Capital Expenditures-309.99K-527.75K-912.7K-665K-917.54K-206.18K-157.57K-3.07M
CapEx % of Revenue0.01%0.01%0.01%0.01%0.01%0%0%0.04%
Acquisitions--------
Investments--------
Other Investing9.13M00000-3.44M0
Cash from Financing+-261.27K943.47K-3.49M-4.69M21.28M-9.74M11.58M-8.81M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing1.85M611.92K7.2M-519.22K-958.94K1.83M-1.42M-20.82K
Net Change in Cash--------
Free Cash Flow+-9.43M682.01K1.43M2.54M-6.57M7.82M-6.05M9.93M
FCF Margin %-0.19%0.01%0.02%0.04%-0.09%0.1%-0.07%0.13%
FCF Growth %-1.07%1.1%0.77%-3.59%2.19%-1.77%2.64%
FCF per Share-0.940.050.140.19-0.540.59-0.430.70
FCF Conversion (FCF/Net Income)-0.99x0.23x0.44x0.96x-2.23x4.17x-0.75x94.55x
Interest Paid02.08M2.26M1.95M1.55M1.15M442.75K176.02K
Taxes Paid0221.94K202.7K135.26K480.5K64.02K25.77K328.43K

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)76.97%36.31%28.51%14.14%6.55%3.81%5.24%0.18%
Return on Invested Capital (ROIC)6.81%10.35%10.65%5.92%2.98%2.71%3.76%-1.71%
Gross Margin19.58%21.93%22.32%18.03%16.11%14.58%14.65%9.85%
Net Margin18.69%8.6%8.23%5.62%3.6%2.52%3.86%0.18%
Debt / Equity3.99x2.85x1.66x1.27x0.69x0.44x0.15x0.19x
Interest Coverage-3.94x3.90x2.06x1.25x1.44x10.50x-
FCF Conversion-0.99x0.23x0.44x0.96x-2.23x4.17x-0.75x94.55x
Revenue Growth-22.24%8.5%-9.74%18.79%8.71%10.43%-11.93%

Revenue by Geography

20232024
CHINA73.74M60.08M
CHINA Growth--18.53%
UNITED STATES7.15M7.81M
UNITED STATES Growth-9.35%
SINGAPORE-3.77M
SINGAPORE Growth--
Other Foreign Countries Member882.39K1.08M
Other Foreign Countries Member Growth-22.86%
UNITED ARAB EMIRATES-776.42K
UNITED ARAB EMIRATES Growth--
INDIA1.6M748.17K
INDIA Growth--53.13%
MEXICO577.42K-
MEXICO Growth--
AUSTRALIA385.11K-
AUSTRALIA Growth--

Frequently Asked Questions

Valuation & Price

Huadi International Group Co., Ltd. (HUDI) has a price-to-earnings (P/E) ratio of 132.3x. This suggests investors expect higher future growth.

Growth & Financials

Huadi International Group Co., Ltd. (HUDI) reported $150.0M in revenue for fiscal year 2024. This represents a 204% increase from $49.4M in 2017.

Huadi International Group Co., Ltd. (HUDI) saw revenue decline by 11.9% over the past year.

Yes, Huadi International Group Co., Ltd. (HUDI) is profitable, generating $2.1M in net income for fiscal year 2024 (0.2% net margin).

Dividend & Returns

Huadi International Group Co., Ltd. (HUDI) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

Huadi International Group Co., Ltd. (HUDI) had negative free cash flow of $6.0M in fiscal year 2024, likely due to heavy capital investments.

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