TANH Fundamental Analysis - TANTECH HOLDINGS LTD

Fundamental Rating

Taking everything into account, TANH scores 3 out of 10 in our fundamental rating. TANH was compared to 83 industry peers in the Chemicals industry. No worries on liquidiy or solvency for TANH as it has an excellent financial health rating, but there are worries on the profitability. TANH is valued correctly, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

TANH had positive earnings in the past year.

TANH had a positive operating cash flow in the past year.

In multiple years TANH reported negative net income over the last 5 years.

TANH had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

With a Return On Assets value of -2.27%, TANH is not doing good in the industry: 66.27% of the companies in the same industry are doing better.

With a Return On Equity value of -2.47%, TANH perfoms like the industry average, outperforming 42.17% of the companies in the same industry.

TANH has a worse Return On Invested Capital (2.34%) than 63.86% of its industry peers.

TANH had an Average Return On Invested Capital over the past 3 years of 2.48%. This is below the industry average of 6.34%.

		Industry Rank	Sector Rank
ROA	-2.27%
ROE	-2.47%
ROIC	2.34%

ROA(3y)1.31%

ROA(5y)-1.58%

ROE(3y)1.51%

ROE(5y)-1.88%

ROIC(3y)2.48%

ROIC(5y)N/A

1.3 Margins

The Operating Margin of TANH (9.28%) is comparable to the rest of the industry.

In the last couple of years the Operating Margin of TANH has grown nicely.

TANH has a Gross Margin of 20.83%. This is in the lower half of the industry: TANH underperforms 65.06% of its industry peers.

TANH's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	9.28%
PM (TTM)	N/A
GM	20.83%

OM growth 3YN/A

OM growth 5Y46.8%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y3.33%

GM growth 5Y11.39%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

TANH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.

The number of shares outstanding for TANH has been increased compared to 1 year ago.

The number of shares outstanding for TANH has been increased compared to 5 years ago.

Compared to 1 year ago, TANH has an improved debt to assets ratio.

2.2 Solvency

TANH has an Altman-Z score of 1.89. This is not the best score and indicates that TANH is in the grey zone with still only limited risk for bankruptcy at the moment.

TANH has a Altman-Z score (1.89) which is comparable to the rest of the industry.

The Debt to FCF ratio of TANH is 0.88, which is an excellent value as it means it would take TANH, only 0.88 years of fcf income to pay off all of its debts.

With an excellent Debt to FCF ratio value of 0.88, TANH belongs to the best of the industry, outperforming 97.59% of the companies in the same industry.

TANH has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.

The Debt to Equity ratio of TANH (0.03) is better than 92.77% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.03
Debt/FCF	0.88
Altman-Z	1.89

ROIC/WACC0.31

WACC7.63%

2.3 Liquidity

A Current Ratio of 10.02 indicates that TANH has no problem at all paying its short term obligations.

TANH's Current ratio of 10.02 is amongst the best of the industry. TANH outperforms 97.59% of its industry peers.

TANH has a Quick Ratio of 10.00. This indicates that TANH is financially healthy and has no problem in meeting its short term obligations.

Looking at the Quick ratio, with a value of 10.00, TANH belongs to the top of the industry, outperforming 97.59% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	10.02
Quick Ratio	10

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for TANH have decreased strongly by -98.15% in the last year.

The Revenue has decreased by -3.79% in the past year.

Measured over the past years, TANH shows a decrease in Revenue. The Revenue has been decreasing by -2.70% on average per year.

EPS 1Y (TTM)-98.15%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-116.34%

Revenue 1Y (TTM)-3.79%

Revenue growth 3Y-8.06%

Revenue growth 5Y-2.7%

Sales Q2Q%-13.96%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 1.56, the valuation of TANH can be described as very cheap.

Based on the Price/Earnings ratio, TANH is valued cheaply inside the industry as 98.80% of the companies are valued more expensively.

Compared to an average S&P500 Price/Earnings ratio of 27.20, TANH is valued rather cheaply.

		Industry Rank	Sector Rank
PE	1.56
Fwd PE	N/A

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TANH is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	0.82
EV/EBITDA	-5.81

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

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5. Dividend

5.1 Amount

No dividends for TANH!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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TANTECH HOLDINGS LTD

NASDAQ:TANH (9/16/2025, 8:00:01 PM)

After market: 2.1201 -0.24 (-10.17%)

2.36

+0.47 (+24.87%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryChemicals

Earnings (Last)N/A N/A

Earnings (Next)12-13 2022-12-13/amc

Inst Owners0.98%

Inst Owner Change-7.59%

Ins Owners0%

Ins Owner ChangeN/A

Market Cap3.21M

Analysts0

Price TargetN/A

Short Float %1.43%

Short Ratio0.05

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly DividendN/A

Dividend Growth(5Y)N/A

DPN/A

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)N/A

Avg Revenue beat(2)N/A

Min Revenue beat(2)N/A

Max Revenue beat(2)N/A

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)N/A

PT rev (3m)N/A

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)N/A

EPS NY rev (3m)N/A

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)N/A

Revenue NY rev (3m)N/A

Valuation

		Industry Rank	Sector Rank
PE	1.56
Fwd PE	N/A
P/S	0.07
P/FCF	0.82
P/OCF	0.81
P/B	0.02
P/tB	0.02
EV/EBITDA	-5.81

EPS(TTM)1.51

EY63.98%

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)2.87

FCFY121.65%

OCF(TTM)2.93

OCFY124.16%

SpS31.57

BVpS96.55

TBVpS96.41

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-2.27%
ROE	-2.47%
ROCE	3.04%
ROIC	2.34%
ROICexc	3.16%
ROICexgc	3.17%
OM	9.28%
PM (TTM)	N/A
GM	20.83%
FCFM	9.09%

ROA(3y)1.31%

ROA(5y)-1.58%

ROE(3y)1.51%

ROE(5y)-1.88%

ROIC(3y)2.48%

ROIC(5y)N/A

ROICexc(3y)3.14%

ROICexc(5y)N/A

ROICexgc(3y)3.14%

ROICexgc(5y)N/A

ROCE(3y)3.26%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5Y36.36%

ROICexc growth 3YN/A

ROICexc growth 5Y40.45%

OM growth 3YN/A

OM growth 5Y46.8%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y3.33%

GM growth 5Y11.39%

F-Score4

Asset Turnover0.3

Health

		Industry Rank	Sector Rank
Debt/Equity	0.03
Debt/FCF	0.88
Debt/EBITDA	0.61
Cap/Depr	4.95%
Cap/Sales	0.19%
Interest Coverage	15.64
Cash Conversion	71.02%
Profit Quality	N/A
Current Ratio	10.02
Quick Ratio	10
Altman-Z	1.89

F-Score4

WACC7.63%

ROIC/WACC0.31

Cap/Depr(3y)38.79%

Cap/Depr(5y)31.29%

Cap/Sales(3y)0.41%

Cap/Sales(5y)0.39%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-98.15%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-116.34%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-3.79%

Revenue growth 3Y-8.06%

Revenue growth 5Y-2.7%

Sales Q2Q%-13.96%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y8.89%

EBIT growth 3YN/A

EBIT growth 5Y42.84%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-19.73%

FCF growth 3YN/A

FCF growth 5Y-23.2%

OCF growth 1Y-24.24%

OCF growth 3YN/A

OCF growth 5Y-22.98%

TANTECH HOLDINGS LTD (TANH) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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