Li Bang International Corporation Inc. Ordinary Shares (LBGJ) 10-Year Financial Performance & Capital Metrics

LBGJ • • Industrial / General

IndustrialsIndustrial MachineryFood Processing & Commercial EquipmentCommercial Kitchen Equipment

AboutLi Bang International Corporation Inc. engages in the design, development, production, and sale of stainless-steel commercial kitchen equipment under the Li Bang brand in China. It offers kitchen equipment, cooking machinery, food machinery, hotel supplies, and kitchen accessories. The company was founded in 1992 and is headquartered in Jiangyin, China. Li Bang International Corporation Inc. operates as a subsidiary of Maple Huang Holdings Limited.Show more

Revenue $11M -22.9%
EBITDA -$1M -172.0%
Net Income -$1M -322.3%
EPS (Diluted) -0.07 -364.3%
Gross Margin 25.08% -39.0%
EBITDA Margin -11.64% -193.4%
Operating Margin -15.91% -278.6%
Net Margin -12.7% -388.4%
ROE -27.97% -347.2%
ROIC -8.48% -225.2%
Debt/Equity 2.53 +39.3%
Interest Coverage -3.99 -220.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 15.8% through buybacks

✗Weaknesses

✗High debt to equity ratio of 2.5x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 11 (bottom 11%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-12.12%

TTM-25.47%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-192.69%

EPS CAGR

10Y-

5Y-

3Y-

TTM-192.2%

ROCE

10Y Avg34.9%

5Y Avg34.9%

3Y Avg7.26%

Latest-24.7%

Peer Comparison

Commercial Kitchen Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
JCSEJE Cleantech Holdings Limited	10.63M	2.02	320.63	6.92%	1.48%	3.34%	7.53%	0.61
MIDDThe Middleby Corporation	7.81B	155.00	19.62	-4%	-5.21%	-6.89%	8.17%	0.69
LBGJLi Bang International Corporation Inc. Ordinary Shares	2.55M	0.77	-10.41	-22.92%	-12.61%	-35.16%		2.53

Profit & Loss

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	9.99M	15.9M	13.48M	14M	10.79M
Revenue Growth %	-	0.59%	-0.15%	0.04%	-0.23%
Cost of Goods Sold+	5.81M	9.31M	8.62M	8.25M	8.09M
COGS % of Revenue	0.58%	0.59%	0.64%	0.59%	0.75%
Gross Profit+	4.18M	6.59M	4.86M	5.76M	2.71M
Gross Margin %	0.42%	0.41%	0.36%	0.41%	0.25%
Gross Profit Growth %	-	0.58%	-0.26%	0.19%	-0.53%
Operating Expenses+	2.45M	2.95M	3.52M	4.51M	4.43M
OpEx % of Revenue	0.24%	0.19%	0.26%	0.32%	0.41%
Selling, General & Admin	2.41M	2.86M	3.15M	3.3M	3.34M
SG&A % of Revenue	0.24%	0.18%	0.23%	0.24%	0.31%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	37.25K	97.06K	378.29K	1.21M	1.08M
Operating Income+	1.74M	3.64M	1.33M	1.25M	-1.72M
Operating Margin %	0.17%	0.23%	0.1%	0.09%	-0.16%
Operating Income Growth %	-	1.09%	-0.63%	-0.06%	-2.38%
EBITDA+	2.18M	4.17M	1.87M	1.75M	-1.26M
EBITDA Margin %	0.22%	0.26%	0.14%	0.12%	-0.12%
EBITDA Growth %	-	0.91%	-0.55%	-0.07%	-1.72%
D&A (Non-Cash Add-back)	448.13K	535.29K	541.79K	498.65K	460.72K
EBIT	1.91M	3.78M	1.73M	1.24M	-1.13M
Net Interest Income+	-217.18K	-203.54K	-291.9K	-375.44K	-332.14K
Interest Income	0	0	0	0	98.5K
Interest Expense	217.18K	203.54K	291.9K	375.44K	430.64K
Other Income/Expense	-43.08K	-60.51K	107.55K	-380.91K	155.79K
Pretax Income+	1.69M	3.58M	1.44M	866.73K	-1.56M
Pretax Margin %	0.17%	0.22%	0.11%	0.06%	-0.14%
Income Tax+	465.76K	918.98K	593.12K	252.61K	-187.72K
Effective Tax Rate %	0.74%	0.74%	0.59%	0.71%	0.88%
Net Income+	1.25M	2.66M	848.12K	616.82K	-1.37M
Net Margin %	0.12%	0.17%	0.06%	0.04%	-0.13%
Net Income Growth %	-	1.14%	-0.68%	-0.27%	-3.22%
Net Income (Continuing)	1.23M	2.66M	845.1K	614.12K	-1.37M
Discontinued Operations	0	0	0	0	0
Minority Interest	-50.51K	-59.29K	-59.97K	-58.29K	-61.85K
EPS (Diluted)+	0.06	0.12	0.04	0.03	-0.07
EPS Growth %	-	1.12%	-0.68%	-0.27%	-3.64%
EPS (Basic)	0.06	0.12	0.05	0.03	-0.07
Diluted Shares Outstanding	22M	22M	22M	22M	18.52M
Basic Shares Outstanding	22M	22M	18.52M	18.52M	18.52M
Dividend Payout Ratio	0.4%	-	1.1%	-	-

Balance Sheet

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	10.61M	10.72M	12.36M	15.29M	15.72M
Cash & Short-Term Investments	140.38K	104.84K	172.03K	76.02K	153.91K
Cash Only	140.38K	104.84K	172.03K	76.02K	153.91K
Short-Term Investments	0	0	0	0	0
Accounts Receivable	4.26M	6.2M	9.18M	11.87M	12.46M
Days Sales Outstanding	155.44	142.3	248.66	309.47	421.3
Inventory	4.86M	4.01M	2.14M	1.55M	1.75M
Days Inventory Outstanding	305.26	157.37	90.63	68.45	79.01
Other Current Assets	940.16K	224.73K	189.97K	876.37K	363.35K
Total Non-Current Assets+	5.35M	6.12M	8.02M	10.06M	9.36M
Property, Plant & Equipment	3.76M	4.09M	3.65M	3.09M	2.79M
Fixed Asset Turnover	2.66x	3.88x	3.70x	4.53x	3.87x
Goodwill	0	0	0	0	0
Intangible Assets	604.07K	645.4K	2.1M	1.93M	1.94M
Long-Term Investments	0	1.1M	1.52M	2.63M	2.67M
Other Non-Current Assets	970.6K	252.25K	518.93K	1.98M	1.43M
Total Assets+	15.96M	16.84M	20.38M	25.35M	25.08M
Asset Turnover	0.63x	0.94x	0.66x	0.55x	0.43x
Asset Growth %	-	0.05%	0.21%	0.24%	-0.01%
Total Current Liabilities+	13.3M	11.19M	15.02M	19.51M	17.02M
Accounts Payable	3.24M	2.83M	3.6M	4.36M	4.69M
Days Payables Outstanding	203.38	111.14	152.53	193	211.92
Short-Term Debt	3.94M	3.84M	6.92M	9.76M	6.94M
Deferred Revenue (Current)	1000K	1000K	803.41K	1000K	1000K
Other Current Liabilities	0	15.02K	13K	325	3.06K
Current Ratio	0.80x	0.96x	0.82x	0.78x	0.92x
Quick Ratio	0.43x	0.60x	0.68x	0.70x	0.82x
Cash Conversion Cycle	257.33	188.53	186.76	184.93	288.39
Total Non-Current Liabilities+	0	0	0	297.55K	3.81M
Long-Term Debt	0	0	0	297.55K	3.81M
Capital Lease Obligations	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0
Total Liabilities	13.3M	11.19M	15.02M	19.8M	20.82M
Total Debt+	3.94M	3.84M	6.92M	10.06M	10.74M
Net Debt	3.79M	3.74M	6.75M	9.98M	10.59M
Debt / Equity	1.48x	0.68x	1.29x	1.81x	2.53x
Debt / EBITDA	1.80x	0.92x	3.69x	5.76x	-
Net Debt / EBITDA	1.74x	0.90x	3.60x	5.72x	-
Interest Coverage	8.00x	17.87x	4.56x	3.32x	-3.99x
Total Equity+	2.66M	5.65M	5.35M	5.55M	4.25M
Equity Growth %	-	1.12%	-0.05%	0.04%	-0.23%
Book Value per Share	0.12	0.26	0.24	0.25	0.23
Total Shareholders' Equity	2.71M	5.71M	5.41M	5.61M	4.32M
Common Stock	1.7K	1.7K	1.7K	1.7K	1.7K
Retained Earnings	425.58K	2.81M	2.51M	2.96M	1.58M
Treasury Stock	0	0	0	0	0
Accumulated OCI	52.66K	658.37K	664.9K	415.54K	496.19K
Minority Interest	-50.51K	-59.29K	-59.97K	-58.29K	-61.85K

Cash Flow

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	1.23M	539.77K	-410.27K	-634.41K	-646.48K
Operating CF Margin %	0.12%	0.03%	-0.03%	-0.05%	-0.06%
Operating CF Growth %	-	-0.56%	-1.76%	-0.55%	-0.02%
Net Income	1.23M	2.66M	845.1K	616.82K	-1.37M
Depreciation & Amortization	448.13K	535.29K	541.79K	498.65K	460.72K
Stock-Based Compensation	0	0	0	0	0
Deferred Taxes	-3.91K	-11.71K	-214.53K	-223.23K	-93.66K
Other Non-Cash Items	35.97K	103.74K	378.29K	1.21M	1.07M
Working Capital Changes	-475.37K	-2.75M	-1.96M	-2.74M	-709.47K
Change in Receivables	-788.52K	-1.75M	-4.11M	-4.74M	-564.06K
Change in Inventory	-1.47M	1.28M	1.79M	460.39K	-182.12K
Change in Payables	-513.46K	-982.41K	775.01K	1.05M	273.65K
Cash from Investing+	-486.89K	-212.81K	-1.63M	-2.91M	-87.19K
Capital Expenditures	-514.63K	-212.98K	-84.9K	-175.96K	-104.52K
CapEx % of Revenue	0.05%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	27.73K	0	-1.55M	144	17.33K
Cash from Financing+	-478.47K	-911.82K	2.12M	3.94M	419.49K
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	-498.59K	0	-929.21K	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	0	0	0	0
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	718.11K	326.79K	-2.04M	-810.38K	-751K
FCF Margin %	0.07%	0.02%	-0.15%	-0.06%	-0.07%
FCF Growth %	-	-0.54%	-7.25%	0.6%	0.07%
FCF per Share	0.03	0.01	-0.09	-0.04	-0.04
FCF Conversion (FCF/Net Income)	0.99x	0.20x	-0.48x	-1.03x	0.47x
Interest Paid	217.18K	203.54K	291.9K	375.29K	425.74K
Taxes Paid	97.94K	120.41K	983	167.01K	59

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	46.74%	64.06%	15.42%	11.32%	-27.97%
Return on Invested Capital (ROIC)	20.17%	34.44%	9.29%	6.77%	-8.48%
Gross Margin	41.86%	41.45%	36.02%	41.11%	25.08%
Net Margin	12.46%	16.74%	6.29%	4.4%	-12.7%
Debt / Equity	1.48x	0.68x	1.29x	1.81x	2.53x
Interest Coverage	8.00x	17.87x	4.56x	3.32x	-3.99x
FCF Conversion	0.99x	0.20x	-0.48x	-1.03x	0.47x
Revenue Growth	-	59.13%	-15.24%	3.9%	-22.92%

Frequently Asked Questions

Growth & Financials

Li Bang International Corporation Inc. Ordinary Shares (LBGJ) reported $21.5M in revenue for fiscal year 2024. This represents a 115% increase from $10.0M in 2020.

Li Bang International Corporation Inc. Ordinary Shares (LBGJ) saw revenue decline by 22.9% over the past year.

Li Bang International Corporation Inc. Ordinary Shares (LBGJ) reported a net loss of $2.7M for fiscal year 2024.

Dividend & Returns

Li Bang International Corporation Inc. Ordinary Shares (LBGJ) has a return on equity (ROE) of -28.0%. Negative ROE indicates the company is unprofitable.

Li Bang International Corporation Inc. Ordinary Shares (LBGJ) had negative free cash flow of $4.5M in fiscal year 2024, likely due to heavy capital investments.

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