IT Tech Packaging, Inc. (ITP) 10-Year Financial Performance & Capital Metrics

ITP • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingTissue & Consumer Paper Products

AboutIT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. It also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the People's' Republic of China.Show more

Revenue $76M -12.4%
EBITDA $6M +29.3%
Net Income -$10M +1.0%
EPS (Diluted) -0.98 +1.0%
Gross Margin 8.82% +663.8%
EBITDA Margin 7.93% +47.5%
Operating Margin -10.83% +2.1%
Net Margin -12.98% -12.9%
ROE -6.07% -6.7%
ROIC -3.66% +7.2%
Debt/Equity 0.06 -16.4%
Interest Coverage -10.77 -10.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Sales declining 8.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.75%

5Y-8.4%

3Y-22.17%

TTM-0.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-11.92%

EPS CAGR

10Y-

5Y-

3Y-

TTM-5.35%

ROCE

10Y Avg-0.03%

5Y Avg-2.98%

3Y Avg-4.18%

Latest-4.97%

Peer Comparison

Tissue & Consumer Paper Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLWClearwater Paper Corporation	329.43M	20.54	1.76	21.8%	-10.58%	-21.02%		0.38
ITPIT Tech Packaging, Inc.	3.9M	0.23	-0.23	-12.37%	-13.87%	-7.2%	100%	0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	135.3M	134.74M	117.02M	86.75M	117.61M	100.94M	160.88M	100.35M	86.55M	75.84M
Revenue Growth %	-0.01%	-0%	-0.13%	-0.26%	0.36%	-0.14%	0.59%	-0.38%	-0.14%	-0.12%
Cost of Goods Sold+	107.44M	109.21M	97.07M	80.93M	103.94M	95.24M	149.86M	95.6M	85.55M	69.15M
COGS % of Revenue	0.79%	0.81%	0.83%	0.93%	0.88%	0.94%	0.93%	0.95%	0.99%	0.91%
Gross Profit+	27.86M	25.53M	19.96M	5.82M	13.68M	5.7M	11.02M	4.75M	999.88K	6.69M
Gross Margin %	0.21%	0.19%	0.17%	0.07%	0.12%	0.06%	0.07%	0.05%	0.01%	0.09%
Gross Profit Growth %	0.22%	-0.08%	-0.22%	-0.71%	1.35%	-0.58%	0.93%	-0.57%	-0.79%	5.69%
Operating Expenses+	9.11M	12.4M	11.27M	12.86M	9.78M	11.16M	9.56M	10.06M	10.58M	14.9M
OpEx % of Revenue	0.07%	0.09%	0.1%	0.15%	0.08%	0.11%	0.06%	0.1%	0.12%	0.2%
Selling, General & Admin	9.66M	12.4M	11.31M	13.1M	9.71M	11.16M	9.56M	0	0	0
SG&A % of Revenue	0.07%	0.09%	0.1%	0.15%	0.08%	0.11%	0.06%	-	-	-
Research & Development	0	0	0	0	74.83K	0	0	145.54K	90.77K	99.61K
R&D % of Revenue	-	-	-	-	0%	-	-	0%	0%	0%
Other Operating Expenses	-555.61K	0	-41.53K	-241.19K	0	0	0	9.91M	10.49M	14.8M
Operating Income+	18.2M	12.95M	4.68M	-11.18M	3.9M	-5.46M	1.46M	-5.3M	-9.58M	-8.21M
Operating Margin %	0.13%	0.1%	0.04%	-0.13%	0.03%	-0.05%	0.01%	-0.05%	-0.11%	-0.11%
Operating Income Growth %	0.05%	-0.29%	-0.64%	-3.39%	1.35%	-2.4%	1.27%	-4.63%	-0.81%	0.14%
EBITDA+	31.6M	28.24M	19.31M	3.11M	19.2M	10.34M	16.82M	9.48M	4.65M	6.01M
EBITDA Margin %	0.23%	0.21%	0.17%	0.04%	0.16%	0.1%	0.1%	0.09%	0.05%	0.08%
EBITDA Growth %	0.23%	-0.11%	-0.32%	-0.84%	5.18%	-0.46%	0.63%	-0.44%	-0.51%	0.29%
D&A (Non-Cash Add-back)	13.4M	15.29M	14.63M	14.29M	15.3M	15.79M	15.36M	14.79M	14.23M	14.22M
EBIT	18.82M	13.05M	4.76M	-10.9M	4.22M	-5.63M	7.58M	-5.3M	-8.08M	-8.11M
Net Interest Income+	-3.09M	-2.52M	-2.4M	-1.46M	-861.65K	-994.48K	-1.09M	-1M	-669.42K	-747.58K
Interest Income	70.32K	96.98K	34.59K	36.63K	64.72K	32.03K	38.77K	24.26K	315.1K	14.79K
Interest Expense	3.16M	2.62M	2.43M	1.49M	926.37K	1.03M	1.12M	1.03M	984.52K	762.38K
Other Income/Expense	-2.53M	-2.7M	-6.33M	-5.12M	-600.51K	-1.2M	4.99M	444.56K	-23.19K	-753.18K
Pretax Income+	15.67M	10.43M	2.32M	-12.4M	3.3M	-6.66M	6.45M	-4.86M	-9.6M	-8.96M
Pretax Margin %	0.12%	0.08%	0.02%	-0.14%	0.03%	-0.07%	0.04%	-0.05%	-0.11%	-0.12%
Income Tax+	4.12M	3.11M	662.83K	-1.85M	1.08M	-1.1M	5.55M	11.71M	346.95K	879.19K
Effective Tax Rate %	0.74%	0.7%	0.71%	0.85%	0.67%	0.83%	0.14%	3.41%	1.04%	1.1%
Net Income+	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Net Margin %	0.09%	0.05%	0.01%	-0.12%	0.02%	-0.06%	0.01%	-0.17%	-0.11%	-0.13%
Net Income Growth %	-0.01%	-0.37%	-0.77%	-7.35%	1.21%	-3.5%	1.16%	-19.3%	0.4%	0.01%
Net Income (Continuing)	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.70	3.40	0.80	-4.88	1.01	-2.10	0.15	-1.66	-0.99	-0.98
EPS Growth %	-0.07%	-0.4%	-0.76%	-7.1%	1.21%	-3.08%	1.07%	-12.07%	0.4%	0.01%
EPS (Basic)	5.70	3.40	0.80	-4.90	1.01	-2.10	0.15	-1.66	-0.99	-0.98
Diluted Shares Outstanding	2.03M	2.14M	2.15M	2.16M	2.2M	2.65M	5.98M	9.97M	10.07M	10.07M
Basic Shares Outstanding	2.03M	2.14M	2.15M	2.15M	2.2M	2.65M	5.98M	9.97M	10.07M	10.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	26.34M	14.48M	19.99M	24.16M	24.04M	14.91M	55.52M	47.17M	28.36M	28.46M
Cash & Short-Term Investments	2.64M	2.33M	2.9M	8.47M	5.84M	4.14M	11.2M	9.52M	3.92M	5.92M
Cash Only	2.64M	2.33M	2.9M	8.47M	5.84M	4.14M	11.2M	9.52M	3.92M	5.92M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.9M	3.89M	1.84M	8.64M	10.65M	8.35M	27.41M	21.2M	14.84M	13.5M
Days Sales Outstanding	5.14	10.55	5.75	36.34	33.05	30.18	62.19	77.12	62.58	64.98
Inventory	9.21M	5.63M	8.47M	2.92M	1.61M	1.23M	5.84M	15.81M	9M	2.35M
Days Inventory Outstanding	31.27	18.82	31.87	13.19	5.65	4.73	14.24	60.38	38.41	12.41
Other Current Assets	11.71M	2.61M	6.59M	4.12M	250.95K	1.18M	885.03K	424.55K	481.62K	1.04M
Total Non-Current Assets+	212.28M	193.9M	199M	178.92M	166.16M	184.96M	186.02M	174.38M	166.39M	149.09M
Property, Plant & Equipment	207.6M	175.93M	176.91M	155.95M	141.36M	156.19M	159.53M	154.18M	164.5M	67.03M
Fixed Asset Turnover	0.65x	0.77x	0.66x	0.56x	0.83x	0.65x	1.01x	0.65x	0.53x	1.13x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7.31M	11.76M	12.48M	11.88M	11.69M	12.5M	12.79M	0	81.5M	80.31M
Long-Term Investments	-7.31M	2.95M	3.04M	2.81M	2.62M	0	0	2.07M	0	0
Other Non-Current Assets	3.27M	0	0	0	0	2.57M	2.43M	1.03M	-79.62M	1.75M
Total Assets+	238.63M	208.38M	218.99M	203.08M	190.2M	199.87M	241.54M	221.55M	194.74M	177.55M
Asset Turnover	0.57x	0.65x	0.53x	0.43x	0.62x	0.51x	0.67x	0.45x	0.44x	0.43x
Asset Growth %	-0%	-0.13%	0.05%	-0.07%	-0.06%	0.05%	0.21%	-0.08%	-0.12%	-0.09%
Total Current Liabilities+	40.24M	20.59M	21.76M	29.63M	16.84M	18.34M	20.43M	17.64M	21.42M	20.15M
Accounts Payable	253.43K	559.95K	422.7K	629.05K	250.49K	592.39K	10.26K	5.03K	4.99K	1
Days Payables Outstanding	0.86	1.87	1.59	2.84	0.88	2.27	0.03	0.02	0.02	0
Short-Term Debt	27.72M	5.05M	19.68M	17.94M	7.77M	11.43M	12.8M	10.66M	7.3M	8.01M
Deferred Revenue (Current)	0	28.83K	0	0	98.31K	82.63K	39.69K	0	136.17K	11.77K
Other Current Liabilities	794.92K	6.03M	879.72K	10.57M	7.03M	0	0	6.37M	13.59M	0
Current Ratio	0.65x	0.70x	0.92x	0.82x	1.43x	0.81x	2.72x	2.67x	1.32x	1.41x
Quick Ratio	0.43x	0.43x	0.53x	0.72x	1.33x	0.75x	2.43x	1.78x	0.90x	1.30x
Cash Conversion Cycle	35.55	27.5	36.03	46.69	37.82	32.64	76.4	137.48	100.97	77.4
Total Non-Current Liabilities+	22.58M	15.04M	11.91M	6.89M	7.37M	6.45M	5.35M	22.58M	4.99M	1.35M
Long-Term Debt	19.03M	14.93M	11.91M	6.89M	7.37M	4.6M	2.98M	4.2M	4.5M	1.11M
Capital Lease Obligations	3.22M	0	0	0	0	354.11K	152.23K	580K	483.87K	231.15K
Deferred Tax Liabilities	-19.36B	-15.04B	0	0	0	0	0	17.1M	0	0
Other Non-Current Liabilities	0	0	0	0	0	1.12M	2.06M	698.6K	54	5.65K
Total Liabilities	62.82M	35.62M	33.66M	36.53M	24.2M	24.79M	25.79M	40.22M	26.41M	21.5M
Total Debt+	56.83M	30.93M	31.59M	24.83M	15.14M	16.57M	16.14M	15.44M	12.39M	9.6M
Net Debt	54.19M	28.6M	28.69M	16.35M	9.3M	12.42M	4.94M	5.92M	8.47M	3.68M
Debt / Equity	0.32x	0.18x	0.17x	0.15x	0.09x	0.09x	0.07x	0.09x	0.07x	0.06x
Debt / EBITDA	1.80x	1.10x	1.64x	7.99x	0.79x	1.60x	0.96x	1.63x	2.66x	1.60x
Net Debt / EBITDA	1.72x	1.01x	1.49x	5.26x	0.48x	1.20x	0.29x	0.62x	1.82x	0.61x
Interest Coverage	5.76x	4.94x	1.92x	-7.49x	4.21x	-5.31x	1.30x	-5.16x	-9.73x	-10.77x
Total Equity+	175.81M	172.76M	185.33M	166.55M	166M	175.08M	215.75M	181.32M	168.34M	156.05M
Equity Growth %	0%	-0.02%	0.07%	-0.1%	-0%	0.05%	0.23%	-0.16%	-0.07%	-0.07%
Book Value per Share	86.54	80.67	86.40	77.04	75.33	66.07	36.05	18.18	16.72	15.50
Total Shareholders' Equity	175.81M	172.76M	185.33M	166.55M	166M	175.08M	215.75M	181.32M	168.34M	156.05M
Common Stock	20.32K	21.45K	21.45K	22.36K	22.68K	28.54K	9.92K	10.07K	10.07K	10.07K
Retained Earnings	114.15M	121.46M	123.12M	112.57M	114.79M	109.24M	110.15M	93.58M	83.63M	73.79M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	12.42M	639.18K	11.55M	2.82M	23.04K	11.82M	16.58M	-1.43M	-4.47M	-6.92M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.2M	15.28M	18.15M	9.79M	7.53M	16.14M	-2.44M	10.72M	12.87M	6.3M
Operating CF Margin %	0.16%	0.11%	0.16%	0.11%	0.06%	0.16%	-0.02%	0.11%	0.15%	0.08%
Operating CF Growth %	-0.34%	-0.28%	0.19%	-0.46%	-0.23%	1.14%	-1.15%	5.4%	0.2%	-0.51%
Net Income	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Depreciation & Amortization	13.4M	15.29M	14.63M	14.29M	15.3M	15.79M	15.36M	14.79M	14.23M	14.22M
Stock-Based Compensation	0	1.42M	0	470.36K	0	1.26M	0	156K	0	0
Deferred Taxes	-1.2M	-1.96M	-3.01M	-2.09M	-2.37M	-2.36M	2.73M	10.26M	0	0
Other Non-Cash Items	-34.2K	223.24K	3.92M	4.55M	77.91K	397.97K	-5.85M	-604.46K	999.48K	1.75M
Working Capital Changes	-2.5M	-7M	945.82K	3.12M	-7.7M	6.61M	-15.58M	2.69M	7.59M	171.68K
Change in Receivables	1.71M	-2.25M	2.27M	-1.18M	-294.88K	923.43K	-2.43M	3.75M	280.97K	240.35K
Change in Inventory	-2.58M	3.11M	-2.42M	5.32M	1.21M	458.88K	-4.53M	2.55M	2.97K	432.19K
Change in Payables	263.72K	336.51K	-166.46K	234.45K	-372.73K	307.2K	-589.37K	-4.5K	50	-4.97K
Cash from Investing+	-19.33M	-11.55M	-9.32M	-2.2M	-7.87M	-20.53M	-25.07M	-10.9M	-22.24M	-329.61K
Capital Expenditures	-19.33M	-11.59M	-9.38M	-2.2M	-6.42M	-21.11M	-25.07M	-10.9M	-22.29M	-329.61K
CapEx % of Revenue	0.14%	0.09%	0.08%	0.03%	0.05%	0.21%	0.16%	0.11%	0.26%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	41.19K	59.07K	0	0	580.21K	0	0	53.57K	0
Cash from Financing+	-2.8M	-3.68M	-8.62M	-3.17M	-5.77M	2.05M	34.19M	-879.6K	4.41M	-3.26M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.14M	19.54M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.87M	3.69M	8.77M	7.59M	1.11M	-4.96M	-27.51M	-179.14K	-9.42M	5.97M
FCF Margin %	0.01%	0.03%	0.07%	0.09%	0.01%	-0.05%	-0.17%	-0%	-0.11%	0.08%
FCF Growth %	1.27%	0.97%	1.38%	-0.13%	-0.85%	-5.45%	-4.54%	0.99%	-51.59%	1.63%
FCF per Share	0.92	1.72	4.09	3.51	0.51	-1.87	-4.60	-0.02	-0.94	0.59
FCF Conversion (FCF/Net Income)	1.84x	2.09x	10.94x	-0.93x	3.39x	-2.91x	-2.69x	-0.65x	-1.29x	-0.64x
Interest Paid	3.26M	2.41M	1.36M	1.39M	926.37K	592.14K	577.19K	320.57K	1.48M	1.81M
Taxes Paid	5.33M	4.35M	3.25M	515K	2.25M	2.4M	1.97M	2.05M	759.46K	797.47K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.58%	4.2%	0.93%	-5.99%	1.34%	-3.26%	0.46%	-8.35%	-5.69%	-6.07%
Return on Invested Capital (ROIC)	5.92%	4.5%	1.69%	-4.23%	1.63%	-2.26%	0.54%	-1.95%	-3.95%	-3.66%
Gross Margin	20.59%	18.95%	17.05%	6.71%	11.63%	5.65%	6.85%	4.74%	1.16%	8.82%
Net Margin	8.53%	5.43%	1.42%	-12.16%	1.89%	-5.5%	0.56%	-16.51%	-11.49%	-12.98%
Debt / Equity	0.32x	0.18x	0.17x	0.15x	0.09x	0.09x	0.07x	0.09x	0.07x	0.06x
Interest Coverage	5.76x	4.94x	1.92x	-7.49x	4.21x	-5.31x	1.30x	-5.16x	-9.73x	-10.77x
FCF Conversion	1.84x	2.09x	10.94x	-0.93x	3.39x	-2.91x	-2.69x	-0.65x	-1.29x	-0.64x
Revenue Growth	-1.27%	-0.41%	-13.15%	-25.87%	35.58%	-14.17%	59.38%	-37.62%	-13.76%	-12.37%

Revenue by Segment

	2012	2017	2018	2019	2020	2021
Tape	-	606.3M	672.86M	666.57M	713.78M	799.58M
Tape Growth	-	-	10.98%	-0.93%	7.08%	12.02%
Film	-	166.97M	184.74M	184.4M	181.18M	250.18M
Film Growth	-	-	10.64%	-0.19%	-1.75%	38.08%
Engineered Coated Products	-	-	126.97M	162.96M	159.93M	206.31M
Engineered Coated Products Growth	-	-	-	28.34%	-1.85%	29.00%
Protective Packaging	-	-	57.07M	135.6M	152.71M	188.9M
Protective Packaging Growth	-	-	-	137.61%	12.61%	23.70%
Packaging machinery	-	-	-	-	-	81.09M
Packaging machinery Growth	-	-	-	-	-	-
Other Products	-	9.31M	11.38M	8.99M	5.42M	5.41M
Other Products Growth	-	-	22.15%	-20.98%	-39.67%	-0.29%
Woven Coated Fabrics	-	115.54M	-	-	-	-
Woven Coated Fabrics Growth	-	-	-	-	-	-
Enterprise Wide Consolidated	151.12M	-	-	-	-	-
Enterprise Wide Consolidated Growth	-	-	-	-	-	-
Hebei Baoding Orient Paper Milling Company Limited	144.93M	-	-	-	-	-
Hebei Baoding Orient Paper Milling Company Limited Growth	-	-	-	-	-	-
Baoding Shengde	6.19M	-	-	-	-	-
Baoding Shengde Growth	-	-	-	-	-	-

Revenue by Geography

	2012	2017	2018	2019	2020	2021
UNITED STATES	-	714.33M	834.99M	923.24M	966.73M	1.21B
UNITED STATES Growth	-	-	16.89%	10.57%	4.71%	24.84%
Country of domicile	-	78.33M	96.43M	104.84M	119.29M	151.95M
Country of domicile Growth	-	-	23.12%	8.72%	13.78%	27.38%
Other Foreign Countries	-	87.22M	97.23M	104.36M	101.63M	135.04M
Other Foreign Countries Growth	-	-	11.48%	7.32%	-2.62%	32.88%
GERMANY	-	18.25M	24.36M	26.08M	25.39M	37.62M
GERMANY Growth	-	-	33.50%	7.06%	-2.66%	48.17%

Frequently Asked Questions

Growth & Financials

IT Tech Packaging, Inc. (ITP) reported $78.9M in revenue for fiscal year 2024. This represents a 48% decrease from $150.7M in 2011.

IT Tech Packaging, Inc. (ITP) saw revenue decline by 12.4% over the past year.

IT Tech Packaging, Inc. (ITP) reported a net loss of $10.9M for fiscal year 2024.

Dividend & Returns

IT Tech Packaging, Inc. (ITP) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

IT Tech Packaging, Inc. (ITP) generated $3.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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IT Tech Packaging, Inc. (ITP) 10-Year Financial Performance & Capital Metrics

ITP • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingTissue & Consumer Paper Products

Revenue $76M -12.4%
EBITDA $6M +29.3%
Net Income -$10M +1.0%
EPS (Diluted) -0.98 +1.0%
Gross Margin 8.82% +663.8%
EBITDA Margin 7.93% +47.5%
Operating Margin -10.83% +2.1%
Net Margin -12.98% -12.9%
ROE -6.07% -6.7%
ROIC -3.66% +7.2%
Debt/Equity 0.06 -16.4%
Interest Coverage -10.77 -10.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Sales declining 8.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.75%

5Y-8.4%

3Y-22.17%

TTM-0.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-11.92%

EPS CAGR

10Y-

5Y-

3Y-

TTM-5.35%

ROCE

10Y Avg-0.03%

5Y Avg-2.98%

3Y Avg-4.18%

Latest-4.97%

Peer Comparison

Tissue & Consumer Paper Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLWClearwater Paper Corporation	329.43M	20.54	1.76	21.8%	-10.58%	-21.02%		0.38
ITPIT Tech Packaging, Inc.	3.9M	0.23	-0.23	-12.37%	-13.87%	-7.2%	100%	0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	135.3M	134.74M	117.02M	86.75M	117.61M	100.94M	160.88M	100.35M	86.55M	75.84M
Revenue Growth %	-0.01%	-0%	-0.13%	-0.26%	0.36%	-0.14%	0.59%	-0.38%	-0.14%	-0.12%
Cost of Goods Sold+	107.44M	109.21M	97.07M	80.93M	103.94M	95.24M	149.86M	95.6M	85.55M	69.15M
COGS % of Revenue	0.79%	0.81%	0.83%	0.93%	0.88%	0.94%	0.93%	0.95%	0.99%	0.91%
Gross Profit+	27.86M	25.53M	19.96M	5.82M	13.68M	5.7M	11.02M	4.75M	999.88K	6.69M
Gross Margin %	0.21%	0.19%	0.17%	0.07%	0.12%	0.06%	0.07%	0.05%	0.01%	0.09%
Gross Profit Growth %	0.22%	-0.08%	-0.22%	-0.71%	1.35%	-0.58%	0.93%	-0.57%	-0.79%	5.69%
Operating Expenses+	9.11M	12.4M	11.27M	12.86M	9.78M	11.16M	9.56M	10.06M	10.58M	14.9M
OpEx % of Revenue	0.07%	0.09%	0.1%	0.15%	0.08%	0.11%	0.06%	0.1%	0.12%	0.2%
Selling, General & Admin	9.66M	12.4M	11.31M	13.1M	9.71M	11.16M	9.56M	0	0	0
SG&A % of Revenue	0.07%	0.09%	0.1%	0.15%	0.08%	0.11%	0.06%	-	-	-
Research & Development	0	0	0	0	74.83K	0	0	145.54K	90.77K	99.61K
R&D % of Revenue	-	-	-	-	0%	-	-	0%	0%	0%
Other Operating Expenses	-555.61K	0	-41.53K	-241.19K	0	0	0	9.91M	10.49M	14.8M
Operating Income+	18.2M	12.95M	4.68M	-11.18M	3.9M	-5.46M	1.46M	-5.3M	-9.58M	-8.21M
Operating Margin %	0.13%	0.1%	0.04%	-0.13%	0.03%	-0.05%	0.01%	-0.05%	-0.11%	-0.11%
Operating Income Growth %	0.05%	-0.29%	-0.64%	-3.39%	1.35%	-2.4%	1.27%	-4.63%	-0.81%	0.14%
EBITDA+	31.6M	28.24M	19.31M	3.11M	19.2M	10.34M	16.82M	9.48M	4.65M	6.01M
EBITDA Margin %	0.23%	0.21%	0.17%	0.04%	0.16%	0.1%	0.1%	0.09%	0.05%	0.08%
EBITDA Growth %	0.23%	-0.11%	-0.32%	-0.84%	5.18%	-0.46%	0.63%	-0.44%	-0.51%	0.29%
D&A (Non-Cash Add-back)	13.4M	15.29M	14.63M	14.29M	15.3M	15.79M	15.36M	14.79M	14.23M	14.22M
EBIT	18.82M	13.05M	4.76M	-10.9M	4.22M	-5.63M	7.58M	-5.3M	-8.08M	-8.11M
Net Interest Income+	-3.09M	-2.52M	-2.4M	-1.46M	-861.65K	-994.48K	-1.09M	-1M	-669.42K	-747.58K
Interest Income	70.32K	96.98K	34.59K	36.63K	64.72K	32.03K	38.77K	24.26K	315.1K	14.79K
Interest Expense	3.16M	2.62M	2.43M	1.49M	926.37K	1.03M	1.12M	1.03M	984.52K	762.38K
Other Income/Expense	-2.53M	-2.7M	-6.33M	-5.12M	-600.51K	-1.2M	4.99M	444.56K	-23.19K	-753.18K
Pretax Income+	15.67M	10.43M	2.32M	-12.4M	3.3M	-6.66M	6.45M	-4.86M	-9.6M	-8.96M
Pretax Margin %	0.12%	0.08%	0.02%	-0.14%	0.03%	-0.07%	0.04%	-0.05%	-0.11%	-0.12%
Income Tax+	4.12M	3.11M	662.83K	-1.85M	1.08M	-1.1M	5.55M	11.71M	346.95K	879.19K
Effective Tax Rate %	0.74%	0.7%	0.71%	0.85%	0.67%	0.83%	0.14%	3.41%	1.04%	1.1%
Net Income+	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Net Margin %	0.09%	0.05%	0.01%	-0.12%	0.02%	-0.06%	0.01%	-0.17%	-0.11%	-0.13%
Net Income Growth %	-0.01%	-0.37%	-0.77%	-7.35%	1.21%	-3.5%	1.16%	-19.3%	0.4%	0.01%
Net Income (Continuing)	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.70	3.40	0.80	-4.88	1.01	-2.10	0.15	-1.66	-0.99	-0.98
EPS Growth %	-0.07%	-0.4%	-0.76%	-7.1%	1.21%	-3.08%	1.07%	-12.07%	0.4%	0.01%
EPS (Basic)	5.70	3.40	0.80	-4.90	1.01	-2.10	0.15	-1.66	-0.99	-0.98
Diluted Shares Outstanding	2.03M	2.14M	2.15M	2.16M	2.2M	2.65M	5.98M	9.97M	10.07M	10.07M
Basic Shares Outstanding	2.03M	2.14M	2.15M	2.15M	2.2M	2.65M	5.98M	9.97M	10.07M	10.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	26.34M	14.48M	19.99M	24.16M	24.04M	14.91M	55.52M	47.17M	28.36M	28.46M
Cash & Short-Term Investments	2.64M	2.33M	2.9M	8.47M	5.84M	4.14M	11.2M	9.52M	3.92M	5.92M
Cash Only	2.64M	2.33M	2.9M	8.47M	5.84M	4.14M	11.2M	9.52M	3.92M	5.92M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.9M	3.89M	1.84M	8.64M	10.65M	8.35M	27.41M	21.2M	14.84M	13.5M
Days Sales Outstanding	5.14	10.55	5.75	36.34	33.05	30.18	62.19	77.12	62.58	64.98
Inventory	9.21M	5.63M	8.47M	2.92M	1.61M	1.23M	5.84M	15.81M	9M	2.35M
Days Inventory Outstanding	31.27	18.82	31.87	13.19	5.65	4.73	14.24	60.38	38.41	12.41
Other Current Assets	11.71M	2.61M	6.59M	4.12M	250.95K	1.18M	885.03K	424.55K	481.62K	1.04M
Total Non-Current Assets+	212.28M	193.9M	199M	178.92M	166.16M	184.96M	186.02M	174.38M	166.39M	149.09M
Property, Plant & Equipment	207.6M	175.93M	176.91M	155.95M	141.36M	156.19M	159.53M	154.18M	164.5M	67.03M
Fixed Asset Turnover	0.65x	0.77x	0.66x	0.56x	0.83x	0.65x	1.01x	0.65x	0.53x	1.13x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7.31M	11.76M	12.48M	11.88M	11.69M	12.5M	12.79M	0	81.5M	80.31M
Long-Term Investments	-7.31M	2.95M	3.04M	2.81M	2.62M	0	0	2.07M	0	0
Other Non-Current Assets	3.27M	0	0	0	0	2.57M	2.43M	1.03M	-79.62M	1.75M
Total Assets+	238.63M	208.38M	218.99M	203.08M	190.2M	199.87M	241.54M	221.55M	194.74M	177.55M
Asset Turnover	0.57x	0.65x	0.53x	0.43x	0.62x	0.51x	0.67x	0.45x	0.44x	0.43x
Asset Growth %	-0%	-0.13%	0.05%	-0.07%	-0.06%	0.05%	0.21%	-0.08%	-0.12%	-0.09%
Total Current Liabilities+	40.24M	20.59M	21.76M	29.63M	16.84M	18.34M	20.43M	17.64M	21.42M	20.15M
Accounts Payable	253.43K	559.95K	422.7K	629.05K	250.49K	592.39K	10.26K	5.03K	4.99K	1
Days Payables Outstanding	0.86	1.87	1.59	2.84	0.88	2.27	0.03	0.02	0.02	0
Short-Term Debt	27.72M	5.05M	19.68M	17.94M	7.77M	11.43M	12.8M	10.66M	7.3M	8.01M
Deferred Revenue (Current)	0	28.83K	0	0	98.31K	82.63K	39.69K	0	136.17K	11.77K
Other Current Liabilities	794.92K	6.03M	879.72K	10.57M	7.03M	0	0	6.37M	13.59M	0
Current Ratio	0.65x	0.70x	0.92x	0.82x	1.43x	0.81x	2.72x	2.67x	1.32x	1.41x
Quick Ratio	0.43x	0.43x	0.53x	0.72x	1.33x	0.75x	2.43x	1.78x	0.90x	1.30x
Cash Conversion Cycle	35.55	27.5	36.03	46.69	37.82	32.64	76.4	137.48	100.97	77.4
Total Non-Current Liabilities+	22.58M	15.04M	11.91M	6.89M	7.37M	6.45M	5.35M	22.58M	4.99M	1.35M
Long-Term Debt	19.03M	14.93M	11.91M	6.89M	7.37M	4.6M	2.98M	4.2M	4.5M	1.11M
Capital Lease Obligations	3.22M	0	0	0	0	354.11K	152.23K	580K	483.87K	231.15K
Deferred Tax Liabilities	-19.36B	-15.04B	0	0	0	0	0	17.1M	0	0
Other Non-Current Liabilities	0	0	0	0	0	1.12M	2.06M	698.6K	54	5.65K
Total Liabilities	62.82M	35.62M	33.66M	36.53M	24.2M	24.79M	25.79M	40.22M	26.41M	21.5M
Total Debt+	56.83M	30.93M	31.59M	24.83M	15.14M	16.57M	16.14M	15.44M	12.39M	9.6M
Net Debt	54.19M	28.6M	28.69M	16.35M	9.3M	12.42M	4.94M	5.92M	8.47M	3.68M
Debt / Equity	0.32x	0.18x	0.17x	0.15x	0.09x	0.09x	0.07x	0.09x	0.07x	0.06x
Debt / EBITDA	1.80x	1.10x	1.64x	7.99x	0.79x	1.60x	0.96x	1.63x	2.66x	1.60x
Net Debt / EBITDA	1.72x	1.01x	1.49x	5.26x	0.48x	1.20x	0.29x	0.62x	1.82x	0.61x
Interest Coverage	5.76x	4.94x	1.92x	-7.49x	4.21x	-5.31x	1.30x	-5.16x	-9.73x	-10.77x
Total Equity+	175.81M	172.76M	185.33M	166.55M	166M	175.08M	215.75M	181.32M	168.34M	156.05M
Equity Growth %	0%	-0.02%	0.07%	-0.1%	-0%	0.05%	0.23%	-0.16%	-0.07%	-0.07%
Book Value per Share	86.54	80.67	86.40	77.04	75.33	66.07	36.05	18.18	16.72	15.50
Total Shareholders' Equity	175.81M	172.76M	185.33M	166.55M	166M	175.08M	215.75M	181.32M	168.34M	156.05M
Common Stock	20.32K	21.45K	21.45K	22.36K	22.68K	28.54K	9.92K	10.07K	10.07K	10.07K
Retained Earnings	114.15M	121.46M	123.12M	112.57M	114.79M	109.24M	110.15M	93.58M	83.63M	73.79M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	12.42M	639.18K	11.55M	2.82M	23.04K	11.82M	16.58M	-1.43M	-4.47M	-6.92M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.2M	15.28M	18.15M	9.79M	7.53M	16.14M	-2.44M	10.72M	12.87M	6.3M
Operating CF Margin %	0.16%	0.11%	0.16%	0.11%	0.06%	0.16%	-0.02%	0.11%	0.15%	0.08%
Operating CF Growth %	-0.34%	-0.28%	0.19%	-0.46%	-0.23%	1.14%	-1.15%	5.4%	0.2%	-0.51%
Net Income	11.54M	7.31M	1.66M	-10.55M	2.22M	-5.55M	905.53K	-16.57M	-9.95M	-9.84M
Depreciation & Amortization	13.4M	15.29M	14.63M	14.29M	15.3M	15.79M	15.36M	14.79M	14.23M	14.22M
Stock-Based Compensation	0	1.42M	0	470.36K	0	1.26M	0	156K	0	0
Deferred Taxes	-1.2M	-1.96M	-3.01M	-2.09M	-2.37M	-2.36M	2.73M	10.26M	0	0
Other Non-Cash Items	-34.2K	223.24K	3.92M	4.55M	77.91K	397.97K	-5.85M	-604.46K	999.48K	1.75M
Working Capital Changes	-2.5M	-7M	945.82K	3.12M	-7.7M	6.61M	-15.58M	2.69M	7.59M	171.68K
Change in Receivables	1.71M	-2.25M	2.27M	-1.18M	-294.88K	923.43K	-2.43M	3.75M	280.97K	240.35K
Change in Inventory	-2.58M	3.11M	-2.42M	5.32M	1.21M	458.88K	-4.53M	2.55M	2.97K	432.19K
Change in Payables	263.72K	336.51K	-166.46K	234.45K	-372.73K	307.2K	-589.37K	-4.5K	50	-4.97K
Cash from Investing+	-19.33M	-11.55M	-9.32M	-2.2M	-7.87M	-20.53M	-25.07M	-10.9M	-22.24M	-329.61K
Capital Expenditures	-19.33M	-11.59M	-9.38M	-2.2M	-6.42M	-21.11M	-25.07M	-10.9M	-22.29M	-329.61K
CapEx % of Revenue	0.14%	0.09%	0.08%	0.03%	0.05%	0.21%	0.16%	0.11%	0.26%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	41.19K	59.07K	0	0	580.21K	0	0	53.57K	0
Cash from Financing+	-2.8M	-3.68M	-8.62M	-3.17M	-5.77M	2.05M	34.19M	-879.6K	4.41M	-3.26M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.14M	19.54M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.87M	3.69M	8.77M	7.59M	1.11M	-4.96M	-27.51M	-179.14K	-9.42M	5.97M
FCF Margin %	0.01%	0.03%	0.07%	0.09%	0.01%	-0.05%	-0.17%	-0%	-0.11%	0.08%
FCF Growth %	1.27%	0.97%	1.38%	-0.13%	-0.85%	-5.45%	-4.54%	0.99%	-51.59%	1.63%
FCF per Share	0.92	1.72	4.09	3.51	0.51	-1.87	-4.60	-0.02	-0.94	0.59
FCF Conversion (FCF/Net Income)	1.84x	2.09x	10.94x	-0.93x	3.39x	-2.91x	-2.69x	-0.65x	-1.29x	-0.64x
Interest Paid	3.26M	2.41M	1.36M	1.39M	926.37K	592.14K	577.19K	320.57K	1.48M	1.81M
Taxes Paid	5.33M	4.35M	3.25M	515K	2.25M	2.4M	1.97M	2.05M	759.46K	797.47K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.58%	4.2%	0.93%	-5.99%	1.34%	-3.26%	0.46%	-8.35%	-5.69%	-6.07%
Return on Invested Capital (ROIC)	5.92%	4.5%	1.69%	-4.23%	1.63%	-2.26%	0.54%	-1.95%	-3.95%	-3.66%
Gross Margin	20.59%	18.95%	17.05%	6.71%	11.63%	5.65%	6.85%	4.74%	1.16%	8.82%
Net Margin	8.53%	5.43%	1.42%	-12.16%	1.89%	-5.5%	0.56%	-16.51%	-11.49%	-12.98%
Debt / Equity	0.32x	0.18x	0.17x	0.15x	0.09x	0.09x	0.07x	0.09x	0.07x	0.06x
Interest Coverage	5.76x	4.94x	1.92x	-7.49x	4.21x	-5.31x	1.30x	-5.16x	-9.73x	-10.77x
FCF Conversion	1.84x	2.09x	10.94x	-0.93x	3.39x	-2.91x	-2.69x	-0.65x	-1.29x	-0.64x
Revenue Growth	-1.27%	-0.41%	-13.15%	-25.87%	35.58%	-14.17%	59.38%	-37.62%	-13.76%	-12.37%

Revenue by Segment

	2012	2017	2018	2019	2020	2021
Tape	-	606.3M	672.86M	666.57M	713.78M	799.58M
Tape Growth	-	-	10.98%	-0.93%	7.08%	12.02%
Film	-	166.97M	184.74M	184.4M	181.18M	250.18M
Film Growth	-	-	10.64%	-0.19%	-1.75%	38.08%
Engineered Coated Products	-	-	126.97M	162.96M	159.93M	206.31M
Engineered Coated Products Growth	-	-	-	28.34%	-1.85%	29.00%
Protective Packaging	-	-	57.07M	135.6M	152.71M	188.9M
Protective Packaging Growth	-	-	-	137.61%	12.61%	23.70%
Packaging machinery	-	-	-	-	-	81.09M
Packaging machinery Growth	-	-	-	-	-	-
Other Products	-	9.31M	11.38M	8.99M	5.42M	5.41M
Other Products Growth	-	-	22.15%	-20.98%	-39.67%	-0.29%
Woven Coated Fabrics	-	115.54M	-	-	-	-
Woven Coated Fabrics Growth	-	-	-	-	-	-
Enterprise Wide Consolidated	151.12M	-	-	-	-	-
Enterprise Wide Consolidated Growth	-	-	-	-	-	-
Hebei Baoding Orient Paper Milling Company Limited	144.93M	-	-	-	-	-
Hebei Baoding Orient Paper Milling Company Limited Growth	-	-	-	-	-	-
Baoding Shengde	6.19M	-	-	-	-	-
Baoding Shengde Growth	-	-	-	-	-	-

Revenue by Geography

	2012	2017	2018	2019	2020	2021
UNITED STATES	-	714.33M	834.99M	923.24M	966.73M	1.21B
UNITED STATES Growth	-	-	16.89%	10.57%	4.71%	24.84%
Country of domicile	-	78.33M	96.43M	104.84M	119.29M	151.95M
Country of domicile Growth	-	-	23.12%	8.72%	13.78%	27.38%
Other Foreign Countries	-	87.22M	97.23M	104.36M	101.63M	135.04M
Other Foreign Countries Growth	-	-	11.48%	7.32%	-2.62%	32.88%
GERMANY	-	18.25M	24.36M	26.08M	25.39M	37.62M
GERMANY Growth	-	-	33.50%	7.06%	-2.66%	48.17%

Frequently Asked Questions

Growth & Financials

IT Tech Packaging, Inc. (ITP) reported $78.9M in revenue for fiscal year 2024. This represents a 48% decrease from $150.7M in 2011.

IT Tech Packaging, Inc. (ITP) saw revenue decline by 12.4% over the past year.

IT Tech Packaging, Inc. (ITP) reported a net loss of $10.9M for fiscal year 2024.

Dividend & Returns

IT Tech Packaging, Inc. (ITP) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

IT Tech Packaging, Inc. (ITP) generated $3.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.