Tantech Holdings Ltd (TANH) 10-Year Financial Performance & Capital Metrics

TANH • • Industrial / General

Consumer DefensiveHousehold ProductsHousehold Cleaning & MaintenanceSpecialty Cleaning Solutions

AboutTantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in two segments: Consumer Products and Electric Vehicle. It provides pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. The company also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control products, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. In addition, it provides bamboo vinegar, a liquid byproduct for use in disinfectants, detergents, lotions, specialized soaps, toilet cleaners, and fertilizers, as well as in various agricultural applications; and trades in charcoal products. Further, the company develops and sells electric buses, electric logistics cars, and specialty electric vehicles, such as brushless cleaning cars, electric cleaning cars, special emergency vehicles, and funeral cars; and solar cells, lithium-ion batteries, auto parts, and electric control systems. It is also involved in the supply chain business. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.Show more

Revenue $43M -9.3%
EBITDA $6M +146.2%
Net Income -$3M -158.1%
EPS (Diluted) -7.66 -107.1%
Gross Margin 20.83% -3.1%
EBITDA Margin 13.07% +171.3%
Operating Margin 9.28% +139.7%
Net Margin -7.55% -164.0%
ROE -2.58% -155.2%
ROIC 2.97% +126.9%
Debt/Equity 0.04 -54.5%
Interest Coverage 13.72 +215.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 84.7% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.13%

5Y-2.7%

3Y-8.07%

TTM-99.84%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM47.88%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.43%

ROCE

10Y Avg2.2%

5Y Avg-1.78%

3Y Avg3.23%

Latest3.12%

Peer Comparison

Specialty Cleaning Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TANHTantech Holdings Ltd	5.91M	0.96	-0.13	-9.25%	2.59%	1.82%	66.12%	0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	58.83M	47.67M	43.08M	29.56M	49.23M	42.28M	55.26M	53.49M	47.32M	42.94M
Revenue Growth %	-0.1%	-0.19%	-0.1%	-0.31%	0.67%	-0.14%	0.31%	-0.03%	-0.12%	-0.09%
Cost of Goods Sold+	41.95M	34.12M	32.41M	21.53M	43.25M	37.81M	44.83M	43.4M	37.14M	34M
COGS % of Revenue	0.71%	0.72%	0.75%	0.73%	0.88%	0.89%	0.81%	0.81%	0.78%	0.79%
Gross Profit+	16.88M	13.54M	10.68M	8.03M	5.98M	4.48M	10.43M	10.09M	10.17M	8.94M
Gross Margin %	0.29%	0.28%	0.25%	0.27%	0.12%	0.11%	0.19%	0.19%	0.22%	0.21%
Gross Profit Growth %	-0.18%	-0.2%	-0.21%	-0.25%	-0.26%	-0.25%	1.33%	-0.03%	0.01%	-0.12%
Operating Expenses+	6.67M	7.25M	6.07M	5.68M	5.3M	2.82M	18.95M	4.18M	8.34M	4.96M
OpEx % of Revenue	0.11%	0.15%	0.14%	0.19%	0.11%	0.07%	0.34%	0.08%	0.18%	0.12%
Selling, General & Admin	5.58M	6.77M	5.44M	5.29M	4.98M	1.93M	10.89M	5.29M	7.87M	4.92M
SG&A % of Revenue	0.09%	0.14%	0.13%	0.18%	0.1%	0.05%	0.2%	0.1%	0.17%	0.11%
Research & Development	1.08M	479.35K	627.58K	386.63K	327.26K	890.32K	8.05M	227.83K	471.19K	38.8K
R&D % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.15%	0%	0.01%	0%
Other Operating Expenses	0	0	0	0	0	0	0	-1.34M	0	0
Operating Income+	10.21M	6.3M	4.61M	2.35M	731.64K	-10.34M	-8.51M	5.93M	1.83M	3.98M
Operating Margin %	0.17%	0.13%	0.11%	0.08%	0.01%	-0.24%	-0.15%	0.11%	0.04%	0.09%
Operating Income Growth %	-0.41%	-0.38%	-0.27%	-0.49%	-0.69%	-15.14%	0.18%	1.7%	-0.69%	1.17%
EBITDA+	11.66M	6.87M	5.39M	3.42M	1.64M	-9.47M	-7.55M	6.63M	2.28M	5.61M
EBITDA Margin %	0.2%	0.14%	0.13%	0.12%	0.03%	-0.22%	-0.14%	0.12%	0.05%	0.13%
EBITDA Growth %	-0.38%	-0.41%	-0.22%	-0.36%	-0.52%	-6.79%	0.2%	1.88%	-0.66%	1.46%
D&A (Non-Cash Add-back)	1.44M	573.91K	778.6K	1.07M	904.13K	877.92K	961.57K	700.34K	447.25K	1.63M
EBIT	11.72M	8.76M	5.03M	2.65M	-8.85M	-10.33M	-7.52M	6.33M	7.8M	914.66K
Net Interest Income+	-327.89K	-470.08K	-532.4K	-569.45K	-390.2K	-249.39K	-622.66K	1.01M	1.81M	1.6M
Interest Income	82.71K	571	18.75K	56.89K	53.06K	50.73K	117.73K	1.61M	2.23M	1.89M
Interest Expense	412.36K	470.66K	551.54K	626.34K	443.26K	300.13K	740.4K	602.04K	421.08K	290.37K
Other Income/Expense	1.09M	-318.46K	-96.3K	-322.38K	-386.53K	-288.92K	251.34K	1.25M	5.61M	-3.36M
Pretax Income+	11.3M	5.97M	4.51M	2.03M	-9.3M	-10.63M	-8.26M	7.18M	7.38M	624.3K
Pretax Margin %	0.19%	0.13%	0.1%	0.07%	-0.19%	-0.25%	-0.15%	0.13%	0.16%	0.01%
Income Tax+	2.38M	1.37M	1.53M	1.03M	363.66K	-611.65K	2.43M	3.14M	2.36M	3.11M
Effective Tax Rate %	0.75%	0.72%	0.84%	0.97%	1.04%	0.61%	1.01%	0.42%	0.76%	-5.19%
Net Income+	8.44M	4.3M	3.77M	1.98M	-9.66M	-6.52M	-8.36M	3.02M	5.58M	-3.24M
Net Margin %	0.14%	0.09%	0.09%	0.07%	-0.2%	-0.15%	-0.15%	0.06%	0.12%	-0.08%
Net Income Growth %	-0.4%	-0.49%	-0.12%	-0.48%	-5.89%	0.32%	-0.28%	1.36%	0.85%	-1.58%
Net Income (Continuing)	8.93M	6.97M	2.95M	996.63K	-9.66M	-10.02M	-10.69M	4.04M	6.9M	-2.49M
Discontinued Operations	1.89M	0	65.55K	83.37K	-299.41K	0	0	-1.45M	-1.88M	-1.08M
Minority Interest	3.44M	0	8.8M	7.92M	4.35M	638.85K	-1.72M	-2.15M	-2.71M	-3.03M
EPS (Diluted)+	117.60	21.60	36.00	16.50	-80.35	-52.93	-61.86	3.00	107.93	-7.66
EPS Growth %	-0.24%	-0.82%	0.67%	-0.54%	-5.87%	0.34%	-0.17%	1.05%	34.98%	-1.07%
EPS (Basic)	117.60	21.60	36.00	16.50	-80.35	-52.93	-61.86	3.03	107.93	-7.66
Diluted Shares Outstanding	88.5K	95.91K	108.22K	119.77K	120.22K	123.19K	172.86K	1.01M	2.77M	423.17K
Basic Shares Outstanding	88.5K	95.91K	108.22K	119.77K	120.22K	123.19K	172.86K	996.93K	2.77M	423.21K
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+	63.68M	63.66M	89.24M	70.31M	68.16M	81.9M	105.81M	106.76M	115.67M	117.8M
Cash & Short-Term Investments	6.27M	5.94M	9.94M	7.75M	12.44M	37.12M	43.14M	18.98M	29.09M	35.19M
Cash Only	6.27M	5.94M	9.94M	7.75M	12.44M	37.12M	43.14M	18.98M	29.09M	35.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	40.61M	40.64M	44.85M	32.5M	39.35M	34.41M	45.79M	84.04M	84.34M	77.25M
Days Sales Outstanding	251.93	311.21	379.94	401.23	291.76	297.04	302.41	573.45	650.59	656.65
Inventory	1.1M	1.2M	2.76M	1.96M	595.63K	671.25K	1.07M	898.69K	1.24M	191.25K
Days Inventory Outstanding	9.55	12.82	31.11	33.17	5.03	6.48	8.71	7.56	12.14	2.05
Other Current Assets	120.66K	16M	30.42M	27.16M	15.68M	9.65M	10.78M	1.79M	809.48K	887.19K
Total Non-Current Assets+	23.39M	30.65M	49.24M	63.88M	47.29M	34.39M	28.72M	27.38M	26.02M	25.15M
Property, Plant & Equipment	11.12M	9.27M	9.88M	3.24M	2.7M	2.48M	2.42M	3.07M	2.38M	1.18M
Fixed Asset Turnover	5.29x	5.14x	4.36x	9.12x	18.23x	17.06x	22.86x	17.40x	19.90x	36.28x
Goodwill	0	0	9M	8.86M	0	0	0	0	0	0
Intangible Assets	2.1M	1.79M	17.48M	15.27M	12.96M	664.03K	205.97K	184.82K	212.09K	184.55K
Long-Term Investments	0	8.64M	9.27M	18.16M	23.88M	25.5M	26.1M	24.12M	23.43M	22.79M
Other Non-Current Assets	10.17M	10.86M	12.88M	8.56M	7.75M	5.76M	0	0	0	995.01K
Total Assets+	87.07M	94.3M	138.49M	134.19M	115.45M	116.3M	134.53M	134.13M	141.69M	142.95M
Asset Turnover	0.68x	0.51x	0.31x	0.22x	0.43x	0.36x	0.41x	0.40x	0.33x	0.30x
Asset Growth %	0.11%	0.08%	0.47%	-0.03%	-0.14%	0.01%	0.16%	-0%	0.06%	0.01%
Total Current Liabilities+	13.99M	14.1M	26.79M	22.15M	19.13M	16.8M	21.77M	13.54M	17.61M	11.76M
Accounts Payable	3.07M	1.95M	5.34M	2.52M	1.65M	1.54M	1.56M	2.12M	2.31M	358
Days Payables Outstanding	26.73	20.83	60.09	42.79	13.93	14.91	12.73	17.82	22.69	0
Short-Term Debt	8.44M	9.27M	12.18M	13.93M	8.22M	8.68M	12.53M	4.49M	8.27M	3.45M
Deferred Revenue (Current)	606.03K	799.51K	1000K	865.62K	1000K	1000K	1000K	1000K	1000K	11.58K
Other Current Liabilities	1.61M	2.17M	7.58M	3.98M	761.5K	-76.41K	1.62M	-75.04K	146.5K	5.02M
Current Ratio	4.55x	4.52x	3.33x	3.17x	3.56x	4.87x	4.86x	7.88x	6.57x	10.02x
Quick Ratio	4.48x	4.43x	3.23x	3.09x	3.53x	4.83x	4.81x	7.82x	6.50x	10.00x
Cash Conversion Cycle	234.74	303.2	350.96	391.61	282.86	288.61	298.39	563.19	640.04	658.7
Total Non-Current Liabilities+	0	0	2.09M	2.05M	1.78M	0	223.29K	4.66M	1.07M	2.92M
Long-Term Debt	0	0	0	0	0	0	0	3.4M	0	0
Capital Lease Obligations	0	0	0	0	0	0	223.29K	1.26M	1.07M	919.78K
Deferred Tax Liabilities	0	0	2.09M	2.05M	1.78M	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	2M
Total Liabilities	13.99M	14.1M	28.88M	24.21M	20.92M	16.8M	21.99M	18.2M	18.68M	14.68M
Total Debt+	8.44M	6.69M	12.18M	13.06M	7.35M	8.68M	12.87M	9.31M	9.51M	4.51M
Net Debt	2.17M	751.81K	2.24M	5.31M	-5.09M	-28.44M	-30.28M	-9.67M	-19.58M	-30.68M
Debt / Equity	0.12x	0.08x	0.11x	0.12x	0.08x	0.09x	0.11x	0.08x	0.08x	0.04x
Debt / EBITDA	0.72x	0.97x	2.26x	3.82x	4.50x	-	-	1.40x	4.17x	0.80x
Net Debt / EBITDA	0.19x	0.11x	0.42x	1.55x	-3.11x	-	-	-1.46x	-8.59x	-5.47x
Interest Coverage	24.77x	13.38x	8.35x	3.75x	1.65x	-34.47x	-11.50x	9.86x	4.35x	13.72x
Total Equity+	73.09M	80.21M	109.61M	109.99M	94.53M	99.49M	112.54M	115.94M	123.01M	128.28M
Equity Growth %	0.17%	0.1%	0.37%	0%	-0.14%	0.05%	0.13%	0.03%	0.06%	0.04%
Book Value per Share	825.85	836.24	1012.90	918.28	786.32	807.61	651.01	115.22	44.45	303.13
Total Shareholders' Equity	69.65M	80.21M	100.81M	102.07M	90.19M	98.85M	114.26M	118.08M	125.72M	131.31M
Common Stock	21.6K	24.31K	28.7K	28.85K	28.85K	35.89K	63.99K	292.3K	0	0
Retained Earnings	48.35M	52.59M	56.36M	58.33M	52.06M	45.48M	36.68M	39.09M	44.67M	48.82M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	6.14M	989.09K	5.36M	4.4M	-1.21M	4.94M	7.95M	-752.33K	-4.97M	-12.28M
Minority Interest	3.44M	0	8.8M	7.92M	4.35M	638.85K	-1.72M	-2.15M	-2.71M	-3.03M

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+	4.45M	-7.03M	2.3M	14.66M	14.7M	14.17M	-8.09M	8.29M	5.26M	3.99M
Operating CF Margin %	0.08%	-0.15%	0.05%	0.5%	0.3%	0.34%	-0.15%	0.16%	0.11%	0.09%
Operating CF Growth %	0.81%	-2.58%	1.33%	5.36%	0%	-0.04%	-1.57%	2.03%	-0.37%	-0.24%
Net Income	8.93M	4.61M	2.98M	996.63K	-7.48M	-6.52M	-10.69M	2.59M	5.58M	-3.57M
Depreciation & Amortization	1.44M	1.36M	814.94K	1.07M	904.13K	877.92K	961.57K	700.34K	447.25K	1.63M
Stock-Based Compensation	0	0	0	0	0	33.81K	1.84M	0	0	0
Deferred Taxes	163.99K	-98.47K	0	0	-165.5K	-1.8M	5.44M	0	0	0
Other Non-Cash Items	156.78K	-84.41K	3.55M	6.46M	15.37M	7.35M	535.39K	833.34K	-201.49K	6.94M
Working Capital Changes	-7.2M	-15.03M	-5.05M	6.14M	6.07M	14.23M	-6.17M	4.17M	-568.32K	-1.02M
Change in Receivables	-212.55K	-3.19M	-1.38M	10.27M	-9.88M	8.02M	-9.57M	673.74K	-3.51M	4.85M
Change in Inventory	20.3K	-97.37K	845.5K	-147.49K	242.14K	-125.49K	-737.55K	43.81K	-360.06K	14.65K
Change in Payables	-486.41K	-965.21K	-955.97K	-2.62M	-751.36K	-206.26K	-16.27K	671.67K	1.67M	-817.72K
Cash from Investing+	-7.15M	-1.88M	-3.49M	-18M	-5.93M	-122.96K	524.08K	-45M	-2.58M	-1.92M
Capital Expenditures	-242.55K	-10.82K	-82.26K	-561.62K	-92.37K	-144.81K	-224.53K	-81.97K	-182.99K	-80.53K
CapEx % of Revenue	0%	0%	0%	0.02%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.94M	1.51M	1.14M	14.11K	15.06K	0	0	-44.95M	-2.39M	-1.84M
Cash from Financing+	8.84M	9.06M	4.94M	-810K	-5.46M	8.94M	12.81M	15.29M	7.43M	3.47M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.84M	0	-14.78K	-810K	0	0	0	-4.57K	0	3.21M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.21M	-7.04M	2.22M	14.1M	14.6M	14.03M	-8.31M	8.21M	4.86M	3.9M
FCF Margin %	0.07%	-0.15%	0.05%	0.48%	0.3%	0.33%	-0.15%	0.15%	0.1%	0.09%
FCF Growth %	3.86%	-2.67%	1.32%	5.35%	0.04%	-0.04%	-1.59%	1.99%	-0.41%	-0.2%
FCF per Share	47.55	-73.44	20.53	117.75	121.48	113.86	-48.10	8.16	1.76	9.23
FCF Conversion (FCF/Net Income)	0.53x	-1.64x	0.61x	7.42x	-1.52x	-2.17x	0.97x	2.75x	0.94x	-1.23x
Interest Paid	411.81K	261.63K	479.36K	608.05K	439.87K	308.69K	265.25K	474.58K	92.18K	254.78K
Taxes Paid	2.89M	696.43K	1.16M	1.04M	1.11M	436.57K	2.28M	2.59M	2.29M	1.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.45%	5.61%	3.97%	1.8%	-9.45%	-6.72%	-7.88%	2.64%	4.67%	-2.58%
Return on Invested Capital (ROIC)	10.45%	6.04%	3.58%	1.55%	0.54%	-9.67%	-8.33%	4.72%	1.31%	2.97%
Gross Margin	28.7%	28.41%	24.79%	27.16%	12.14%	10.59%	18.88%	18.87%	21.5%	20.83%
Net Margin	14.34%	9.02%	8.74%	6.69%	-19.62%	-15.42%	-15.12%	5.65%	11.8%	-7.55%
Debt / Equity	0.12x	0.08x	0.11x	0.12x	0.08x	0.09x	0.11x	0.08x	0.08x	0.04x
Interest Coverage	24.77x	13.38x	8.35x	3.75x	1.65x	-34.47x	-11.50x	9.86x	4.35x	13.72x
FCF Conversion	0.53x	-1.64x	0.61x	7.42x	-1.52x	-2.17x	0.97x	2.75x	0.94x	-1.23x
Revenue Growth	-10.17%	-18.98%	-9.61%	-31.39%	66.54%	-14.11%	30.7%	-3.21%	-11.54%	-9.25%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Consumer product	-	-	-	24.36M	14.35M	-	-	-	39.01M	-
Consumer product Growth	-	-	-	-	-41.09%	-	-	-	-	-
EV	-	-	-	6.64M	3.89M	-	-	-	538.23K	-
EV Growth	-	-	-	-	-41.32%	-	-	-	-	-
Consumer Product	-	-	-	-	-	40.14M	25.6M	-	-	-
Consumer Product Growth	-	-	-	-	-	-	-36.22%	-	-	-
Trading	3M	3.58M	553.69K	1.41M	3.29M	2.27M	11.81M	-	-	-
Trading Growth	-	19.34%	-84.53%	155.03%	133.00%	-30.98%	420.22%	-	-	-
Ev	-	-	-	-	-	843.64K	395.47K	-	-	-
Ev Growth	-	-	-	-	-	-	-53.12%	-	-	-
Purification And Deodorization	37.48M	32.55M	37.56M	-	-	-	-	-	-	-
Purification And Deodorization Growth	-	-13.15%	15.41%	-	-	-	-	-	-	-
EDLC Carbon	8.63M	11.39M	5.71M	-	-	-	-	-	-	-
EDLC Carbon Growth	-	31.94%	-49.90%	-	-	-	-	-	-	-
Cleaning	2.28M	2.33M	2.22M	-	-	-	-	-	-	-
Cleaning Growth	-	2.49%	-4.70%	-	-	-	-	-	-	-
Barbecue Charcoal - international	811.54K	628.26K	1.43M	-	-	-	-	-	-	-
Barbecue Charcoal - international Growth	-	-22.58%	127.27%	-	-	-	-	-	-	-
Barbecue Charcoal - Domestic	13.3M	8.35M	191.8K	-	-	-	-	-	-	-
Barbecue Charcoal - Domestic Growth	-	-37.19%	-97.70%	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
CHINA	64.22M	58.13M	47.11M	43.08M	29.56M	49.23M	42.28M	55.26M	53.48M	42.23M
CHINA Growth	-	-9.48%	-18.96%	-8.54%	-31.39%	66.54%	-14.11%	30.70%	-3.24%	-21.02%
Foreign Countries	1.28M	700.49K	556.13K	-	-	-	-	-	14.42K	706.7K
Foreign Countries Growth	-	-45.08%	-20.61%	-	-	-	-	-	-	4799.49%

Frequently Asked Questions

Growth & Financials

Tantech Holdings Ltd (TANH) reported $90.3M in revenue for fiscal year 2024. This represents a 79% increase from $50.5M in 2012.

Tantech Holdings Ltd (TANH) saw revenue decline by 9.3% over the past year.

Yes, Tantech Holdings Ltd (TANH) is profitable, generating $2.3M in net income for fiscal year 2024 (-7.5% net margin).

Dividend & Returns

Tantech Holdings Ltd (TANH) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Tantech Holdings Ltd (TANH) generated $9.0M 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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Tantech Holdings Ltd (TANH) 10-Year Financial Performance & Capital Metrics

TANH • • Industrial / General

Consumer DefensiveHousehold ProductsHousehold Cleaning & MaintenanceSpecialty Cleaning Solutions

Revenue $43M -9.3%
EBITDA $6M +146.2%
Net Income -$3M -158.1%
EPS (Diluted) -7.66 -107.1%
Gross Margin 20.83% -3.1%
EBITDA Margin 13.07% +171.3%
Operating Margin 9.28% +139.7%
Net Margin -7.55% -164.0%
ROE -2.58% -155.2%
ROIC 2.97% +126.9%
Debt/Equity 0.04 -54.5%
Interest Coverage 13.72 +215.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 84.7% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.13%

5Y-2.7%

3Y-8.07%

TTM-99.84%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM47.88%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.43%

ROCE

10Y Avg2.2%

5Y Avg-1.78%

3Y Avg3.23%

Latest3.12%

Peer Comparison

Specialty Cleaning Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TANHTantech Holdings Ltd	5.91M	0.96	-0.13	-9.25%	2.59%	1.82%	66.12%	0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	58.83M	47.67M	43.08M	29.56M	49.23M	42.28M	55.26M	53.49M	47.32M	42.94M
Revenue Growth %	-0.1%	-0.19%	-0.1%	-0.31%	0.67%	-0.14%	0.31%	-0.03%	-0.12%	-0.09%
Cost of Goods Sold+	41.95M	34.12M	32.41M	21.53M	43.25M	37.81M	44.83M	43.4M	37.14M	34M
COGS % of Revenue	0.71%	0.72%	0.75%	0.73%	0.88%	0.89%	0.81%	0.81%	0.78%	0.79%
Gross Profit+	16.88M	13.54M	10.68M	8.03M	5.98M	4.48M	10.43M	10.09M	10.17M	8.94M
Gross Margin %	0.29%	0.28%	0.25%	0.27%	0.12%	0.11%	0.19%	0.19%	0.22%	0.21%
Gross Profit Growth %	-0.18%	-0.2%	-0.21%	-0.25%	-0.26%	-0.25%	1.33%	-0.03%	0.01%	-0.12%
Operating Expenses+	6.67M	7.25M	6.07M	5.68M	5.3M	2.82M	18.95M	4.18M	8.34M	4.96M
OpEx % of Revenue	0.11%	0.15%	0.14%	0.19%	0.11%	0.07%	0.34%	0.08%	0.18%	0.12%
Selling, General & Admin	5.58M	6.77M	5.44M	5.29M	4.98M	1.93M	10.89M	5.29M	7.87M	4.92M
SG&A % of Revenue	0.09%	0.14%	0.13%	0.18%	0.1%	0.05%	0.2%	0.1%	0.17%	0.11%
Research & Development	1.08M	479.35K	627.58K	386.63K	327.26K	890.32K	8.05M	227.83K	471.19K	38.8K
R&D % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.15%	0%	0.01%	0%
Other Operating Expenses	0	0	0	0	0	0	0	-1.34M	0	0
Operating Income+	10.21M	6.3M	4.61M	2.35M	731.64K	-10.34M	-8.51M	5.93M	1.83M	3.98M
Operating Margin %	0.17%	0.13%	0.11%	0.08%	0.01%	-0.24%	-0.15%	0.11%	0.04%	0.09%
Operating Income Growth %	-0.41%	-0.38%	-0.27%	-0.49%	-0.69%	-15.14%	0.18%	1.7%	-0.69%	1.17%
EBITDA+	11.66M	6.87M	5.39M	3.42M	1.64M	-9.47M	-7.55M	6.63M	2.28M	5.61M
EBITDA Margin %	0.2%	0.14%	0.13%	0.12%	0.03%	-0.22%	-0.14%	0.12%	0.05%	0.13%
EBITDA Growth %	-0.38%	-0.41%	-0.22%	-0.36%	-0.52%	-6.79%	0.2%	1.88%	-0.66%	1.46%
D&A (Non-Cash Add-back)	1.44M	573.91K	778.6K	1.07M	904.13K	877.92K	961.57K	700.34K	447.25K	1.63M
EBIT	11.72M	8.76M	5.03M	2.65M	-8.85M	-10.33M	-7.52M	6.33M	7.8M	914.66K
Net Interest Income+	-327.89K	-470.08K	-532.4K	-569.45K	-390.2K	-249.39K	-622.66K	1.01M	1.81M	1.6M
Interest Income	82.71K	571	18.75K	56.89K	53.06K	50.73K	117.73K	1.61M	2.23M	1.89M
Interest Expense	412.36K	470.66K	551.54K	626.34K	443.26K	300.13K	740.4K	602.04K	421.08K	290.37K
Other Income/Expense	1.09M	-318.46K	-96.3K	-322.38K	-386.53K	-288.92K	251.34K	1.25M	5.61M	-3.36M
Pretax Income+	11.3M	5.97M	4.51M	2.03M	-9.3M	-10.63M	-8.26M	7.18M	7.38M	624.3K
Pretax Margin %	0.19%	0.13%	0.1%	0.07%	-0.19%	-0.25%	-0.15%	0.13%	0.16%	0.01%
Income Tax+	2.38M	1.37M	1.53M	1.03M	363.66K	-611.65K	2.43M	3.14M	2.36M	3.11M
Effective Tax Rate %	0.75%	0.72%	0.84%	0.97%	1.04%	0.61%	1.01%	0.42%	0.76%	-5.19%
Net Income+	8.44M	4.3M	3.77M	1.98M	-9.66M	-6.52M	-8.36M	3.02M	5.58M	-3.24M
Net Margin %	0.14%	0.09%	0.09%	0.07%	-0.2%	-0.15%	-0.15%	0.06%	0.12%	-0.08%
Net Income Growth %	-0.4%	-0.49%	-0.12%	-0.48%	-5.89%	0.32%	-0.28%	1.36%	0.85%	-1.58%
Net Income (Continuing)	8.93M	6.97M	2.95M	996.63K	-9.66M	-10.02M	-10.69M	4.04M	6.9M	-2.49M
Discontinued Operations	1.89M	0	65.55K	83.37K	-299.41K	0	0	-1.45M	-1.88M	-1.08M
Minority Interest	3.44M	0	8.8M	7.92M	4.35M	638.85K	-1.72M	-2.15M	-2.71M	-3.03M
EPS (Diluted)+	117.60	21.60	36.00	16.50	-80.35	-52.93	-61.86	3.00	107.93	-7.66
EPS Growth %	-0.24%	-0.82%	0.67%	-0.54%	-5.87%	0.34%	-0.17%	1.05%	34.98%	-1.07%
EPS (Basic)	117.60	21.60	36.00	16.50	-80.35	-52.93	-61.86	3.03	107.93	-7.66
Diluted Shares Outstanding	88.5K	95.91K	108.22K	119.77K	120.22K	123.19K	172.86K	1.01M	2.77M	423.17K
Basic Shares Outstanding	88.5K	95.91K	108.22K	119.77K	120.22K	123.19K	172.86K	996.93K	2.77M	423.21K
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+	63.68M	63.66M	89.24M	70.31M	68.16M	81.9M	105.81M	106.76M	115.67M	117.8M
Cash & Short-Term Investments	6.27M	5.94M	9.94M	7.75M	12.44M	37.12M	43.14M	18.98M	29.09M	35.19M
Cash Only	6.27M	5.94M	9.94M	7.75M	12.44M	37.12M	43.14M	18.98M	29.09M	35.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	40.61M	40.64M	44.85M	32.5M	39.35M	34.41M	45.79M	84.04M	84.34M	77.25M
Days Sales Outstanding	251.93	311.21	379.94	401.23	291.76	297.04	302.41	573.45	650.59	656.65
Inventory	1.1M	1.2M	2.76M	1.96M	595.63K	671.25K	1.07M	898.69K	1.24M	191.25K
Days Inventory Outstanding	9.55	12.82	31.11	33.17	5.03	6.48	8.71	7.56	12.14	2.05
Other Current Assets	120.66K	16M	30.42M	27.16M	15.68M	9.65M	10.78M	1.79M	809.48K	887.19K
Total Non-Current Assets+	23.39M	30.65M	49.24M	63.88M	47.29M	34.39M	28.72M	27.38M	26.02M	25.15M
Property, Plant & Equipment	11.12M	9.27M	9.88M	3.24M	2.7M	2.48M	2.42M	3.07M	2.38M	1.18M
Fixed Asset Turnover	5.29x	5.14x	4.36x	9.12x	18.23x	17.06x	22.86x	17.40x	19.90x	36.28x
Goodwill	0	0	9M	8.86M	0	0	0	0	0	0
Intangible Assets	2.1M	1.79M	17.48M	15.27M	12.96M	664.03K	205.97K	184.82K	212.09K	184.55K
Long-Term Investments	0	8.64M	9.27M	18.16M	23.88M	25.5M	26.1M	24.12M	23.43M	22.79M
Other Non-Current Assets	10.17M	10.86M	12.88M	8.56M	7.75M	5.76M	0	0	0	995.01K
Total Assets+	87.07M	94.3M	138.49M	134.19M	115.45M	116.3M	134.53M	134.13M	141.69M	142.95M
Asset Turnover	0.68x	0.51x	0.31x	0.22x	0.43x	0.36x	0.41x	0.40x	0.33x	0.30x
Asset Growth %	0.11%	0.08%	0.47%	-0.03%	-0.14%	0.01%	0.16%	-0%	0.06%	0.01%
Total Current Liabilities+	13.99M	14.1M	26.79M	22.15M	19.13M	16.8M	21.77M	13.54M	17.61M	11.76M
Accounts Payable	3.07M	1.95M	5.34M	2.52M	1.65M	1.54M	1.56M	2.12M	2.31M	358
Days Payables Outstanding	26.73	20.83	60.09	42.79	13.93	14.91	12.73	17.82	22.69	0
Short-Term Debt	8.44M	9.27M	12.18M	13.93M	8.22M	8.68M	12.53M	4.49M	8.27M	3.45M
Deferred Revenue (Current)	606.03K	799.51K	1000K	865.62K	1000K	1000K	1000K	1000K	1000K	11.58K
Other Current Liabilities	1.61M	2.17M	7.58M	3.98M	761.5K	-76.41K	1.62M	-75.04K	146.5K	5.02M
Current Ratio	4.55x	4.52x	3.33x	3.17x	3.56x	4.87x	4.86x	7.88x	6.57x	10.02x
Quick Ratio	4.48x	4.43x	3.23x	3.09x	3.53x	4.83x	4.81x	7.82x	6.50x	10.00x
Cash Conversion Cycle	234.74	303.2	350.96	391.61	282.86	288.61	298.39	563.19	640.04	658.7
Total Non-Current Liabilities+	0	0	2.09M	2.05M	1.78M	0	223.29K	4.66M	1.07M	2.92M
Long-Term Debt	0	0	0	0	0	0	0	3.4M	0	0
Capital Lease Obligations	0	0	0	0	0	0	223.29K	1.26M	1.07M	919.78K
Deferred Tax Liabilities	0	0	2.09M	2.05M	1.78M	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	2M
Total Liabilities	13.99M	14.1M	28.88M	24.21M	20.92M	16.8M	21.99M	18.2M	18.68M	14.68M
Total Debt+	8.44M	6.69M	12.18M	13.06M	7.35M	8.68M	12.87M	9.31M	9.51M	4.51M
Net Debt	2.17M	751.81K	2.24M	5.31M	-5.09M	-28.44M	-30.28M	-9.67M	-19.58M	-30.68M
Debt / Equity	0.12x	0.08x	0.11x	0.12x	0.08x	0.09x	0.11x	0.08x	0.08x	0.04x
Debt / EBITDA	0.72x	0.97x	2.26x	3.82x	4.50x	-	-	1.40x	4.17x	0.80x
Net Debt / EBITDA	0.19x	0.11x	0.42x	1.55x	-3.11x	-	-	-1.46x	-8.59x	-5.47x
Interest Coverage	24.77x	13.38x	8.35x	3.75x	1.65x	-34.47x	-11.50x	9.86x	4.35x	13.72x
Total Equity+	73.09M	80.21M	109.61M	109.99M	94.53M	99.49M	112.54M	115.94M	123.01M	128.28M
Equity Growth %	0.17%	0.1%	0.37%	0%	-0.14%	0.05%	0.13%	0.03%	0.06%	0.04%
Book Value per Share	825.85	836.24	1012.90	918.28	786.32	807.61	651.01	115.22	44.45	303.13
Total Shareholders' Equity	69.65M	80.21M	100.81M	102.07M	90.19M	98.85M	114.26M	118.08M	125.72M	131.31M
Common Stock	21.6K	24.31K	28.7K	28.85K	28.85K	35.89K	63.99K	292.3K	0	0
Retained Earnings	48.35M	52.59M	56.36M	58.33M	52.06M	45.48M	36.68M	39.09M	44.67M	48.82M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	6.14M	989.09K	5.36M	4.4M	-1.21M	4.94M	7.95M	-752.33K	-4.97M	-12.28M
Minority Interest	3.44M	0	8.8M	7.92M	4.35M	638.85K	-1.72M	-2.15M	-2.71M	-3.03M

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+	4.45M	-7.03M	2.3M	14.66M	14.7M	14.17M	-8.09M	8.29M	5.26M	3.99M
Operating CF Margin %	0.08%	-0.15%	0.05%	0.5%	0.3%	0.34%	-0.15%	0.16%	0.11%	0.09%
Operating CF Growth %	0.81%	-2.58%	1.33%	5.36%	0%	-0.04%	-1.57%	2.03%	-0.37%	-0.24%
Net Income	8.93M	4.61M	2.98M	996.63K	-7.48M	-6.52M	-10.69M	2.59M	5.58M	-3.57M
Depreciation & Amortization	1.44M	1.36M	814.94K	1.07M	904.13K	877.92K	961.57K	700.34K	447.25K	1.63M
Stock-Based Compensation	0	0	0	0	0	33.81K	1.84M	0	0	0
Deferred Taxes	163.99K	-98.47K	0	0	-165.5K	-1.8M	5.44M	0	0	0
Other Non-Cash Items	156.78K	-84.41K	3.55M	6.46M	15.37M	7.35M	535.39K	833.34K	-201.49K	6.94M
Working Capital Changes	-7.2M	-15.03M	-5.05M	6.14M	6.07M	14.23M	-6.17M	4.17M	-568.32K	-1.02M
Change in Receivables	-212.55K	-3.19M	-1.38M	10.27M	-9.88M	8.02M	-9.57M	673.74K	-3.51M	4.85M
Change in Inventory	20.3K	-97.37K	845.5K	-147.49K	242.14K	-125.49K	-737.55K	43.81K	-360.06K	14.65K
Change in Payables	-486.41K	-965.21K	-955.97K	-2.62M	-751.36K	-206.26K	-16.27K	671.67K	1.67M	-817.72K
Cash from Investing+	-7.15M	-1.88M	-3.49M	-18M	-5.93M	-122.96K	524.08K	-45M	-2.58M	-1.92M
Capital Expenditures	-242.55K	-10.82K	-82.26K	-561.62K	-92.37K	-144.81K	-224.53K	-81.97K	-182.99K	-80.53K
CapEx % of Revenue	0%	0%	0%	0.02%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.94M	1.51M	1.14M	14.11K	15.06K	0	0	-44.95M	-2.39M	-1.84M
Cash from Financing+	8.84M	9.06M	4.94M	-810K	-5.46M	8.94M	12.81M	15.29M	7.43M	3.47M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.84M	0	-14.78K	-810K	0	0	0	-4.57K	0	3.21M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.21M	-7.04M	2.22M	14.1M	14.6M	14.03M	-8.31M	8.21M	4.86M	3.9M
FCF Margin %	0.07%	-0.15%	0.05%	0.48%	0.3%	0.33%	-0.15%	0.15%	0.1%	0.09%
FCF Growth %	3.86%	-2.67%	1.32%	5.35%	0.04%	-0.04%	-1.59%	1.99%	-0.41%	-0.2%
FCF per Share	47.55	-73.44	20.53	117.75	121.48	113.86	-48.10	8.16	1.76	9.23
FCF Conversion (FCF/Net Income)	0.53x	-1.64x	0.61x	7.42x	-1.52x	-2.17x	0.97x	2.75x	0.94x	-1.23x
Interest Paid	411.81K	261.63K	479.36K	608.05K	439.87K	308.69K	265.25K	474.58K	92.18K	254.78K
Taxes Paid	2.89M	696.43K	1.16M	1.04M	1.11M	436.57K	2.28M	2.59M	2.29M	1.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.45%	5.61%	3.97%	1.8%	-9.45%	-6.72%	-7.88%	2.64%	4.67%	-2.58%
Return on Invested Capital (ROIC)	10.45%	6.04%	3.58%	1.55%	0.54%	-9.67%	-8.33%	4.72%	1.31%	2.97%
Gross Margin	28.7%	28.41%	24.79%	27.16%	12.14%	10.59%	18.88%	18.87%	21.5%	20.83%
Net Margin	14.34%	9.02%	8.74%	6.69%	-19.62%	-15.42%	-15.12%	5.65%	11.8%	-7.55%
Debt / Equity	0.12x	0.08x	0.11x	0.12x	0.08x	0.09x	0.11x	0.08x	0.08x	0.04x
Interest Coverage	24.77x	13.38x	8.35x	3.75x	1.65x	-34.47x	-11.50x	9.86x	4.35x	13.72x
FCF Conversion	0.53x	-1.64x	0.61x	7.42x	-1.52x	-2.17x	0.97x	2.75x	0.94x	-1.23x
Revenue Growth	-10.17%	-18.98%	-9.61%	-31.39%	66.54%	-14.11%	30.7%	-3.21%	-11.54%	-9.25%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Consumer product	-	-	-	24.36M	14.35M	-	-	-	39.01M	-
Consumer product Growth	-	-	-	-	-41.09%	-	-	-	-	-
EV	-	-	-	6.64M	3.89M	-	-	-	538.23K	-
EV Growth	-	-	-	-	-41.32%	-	-	-	-	-
Consumer Product	-	-	-	-	-	40.14M	25.6M	-	-	-
Consumer Product Growth	-	-	-	-	-	-	-36.22%	-	-	-
Trading	3M	3.58M	553.69K	1.41M	3.29M	2.27M	11.81M	-	-	-
Trading Growth	-	19.34%	-84.53%	155.03%	133.00%	-30.98%	420.22%	-	-	-
Ev	-	-	-	-	-	843.64K	395.47K	-	-	-
Ev Growth	-	-	-	-	-	-	-53.12%	-	-	-
Purification And Deodorization	37.48M	32.55M	37.56M	-	-	-	-	-	-	-
Purification And Deodorization Growth	-	-13.15%	15.41%	-	-	-	-	-	-	-
EDLC Carbon	8.63M	11.39M	5.71M	-	-	-	-	-	-	-
EDLC Carbon Growth	-	31.94%	-49.90%	-	-	-	-	-	-	-
Cleaning	2.28M	2.33M	2.22M	-	-	-	-	-	-	-
Cleaning Growth	-	2.49%	-4.70%	-	-	-	-	-	-	-
Barbecue Charcoal - international	811.54K	628.26K	1.43M	-	-	-	-	-	-	-
Barbecue Charcoal - international Growth	-	-22.58%	127.27%	-	-	-	-	-	-	-
Barbecue Charcoal - Domestic	13.3M	8.35M	191.8K	-	-	-	-	-	-	-
Barbecue Charcoal - Domestic Growth	-	-37.19%	-97.70%	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
CHINA	64.22M	58.13M	47.11M	43.08M	29.56M	49.23M	42.28M	55.26M	53.48M	42.23M
CHINA Growth	-	-9.48%	-18.96%	-8.54%	-31.39%	66.54%	-14.11%	30.70%	-3.24%	-21.02%
Foreign Countries	1.28M	700.49K	556.13K	-	-	-	-	-	14.42K	706.7K
Foreign Countries Growth	-	-45.08%	-20.61%	-	-	-	-	-	-	4799.49%

Frequently Asked Questions

Growth & Financials

Tantech Holdings Ltd (TANH) reported $90.3M in revenue for fiscal year 2024. This represents a 79% increase from $50.5M in 2012.

Tantech Holdings Ltd (TANH) saw revenue decline by 9.3% over the past year.

Yes, Tantech Holdings Ltd (TANH) is profitable, generating $2.3M in net income for fiscal year 2024 (-7.5% net margin).

Dividend & Returns

Tantech Holdings Ltd (TANH) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Tantech Holdings Ltd (TANH) generated $9.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.