Tantech Holdings Ltd
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.3513.2310.8118.5425.30-5.40-4.07-1.780.700.58-0.04-0.04
Price/Sales ratio
2.631.890.971.621.691.060.960.340.040.060.001.06
Price/Book Value ratio
2.911.600.570.690.490.570.410.160.010.020.000.57
Price/Cash Flow ratio
70.2325.10-6.6130.323.413.552.87-2.350.250.620.023.55
Price/Free Cash Flow ratio
199.5426.55-6.6031.443.543.572.90-2.290.260.670.023.57
Price/Earnings Growth ratio
0.05-0.54-0.130.27-0.460.00-3.270.07-0.00-0.010.02-0.46
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
31.51%28.69%28.41%24.78%27.16%12.14%10.58%18.87%18.86%21.50%16.86%12.14%
Operating Profit Margin
26.22%17.36%13.20%10.69%7.95%1.48%3.93%-15.40%11.83%3.87%-6.24%1.48%
Pretax Profit Margin
26.82%19.21%12.53%10.46%6.85%-18.88%-25.14%-14.95%10.70%15.60%-7.13%-7.13%
Net Profit Margin
21.34%14.34%9.01%8.74%6.68%-19.62%-23.70%-19.34%5.64%11.79%-5.53%-5.53%
Effective Tax Rate
16.24%21.03%22.88%33.87%50.85%-3.91%5.75%-29.40%54.85%32.03%-27.91%-3.91%
Return on Assets
17.76%9.69%4.55%2.72%1.47%-8.36%-8.61%-7.94%2.25%3.94%-3.48%-3.48%
Return On Equity
23.56%12.11%5.36%3.73%1.93%-10.71%-10.13%-9.35%2.55%4.44%-4.35%-4.35%
Return on Capital Employed
27.48%13.97%7.84%4.12%2.09%0.75%1.67%-7.55%5.24%1.47%-4.45%0.75%
Liquidity Ratios
Current Ratio
N/A4.554.513.333.173.564.87N/AN/AN/A6.623.17
Quick Ratio
3.594.474.433.223.083.534.834.817.816.496.243.08
Cash ratio
0.020.440.420.370.340.652.201.981.401.650.660.34
Days of Sales Outstanding
243.19251.18311.20379.94401.22291.76297.03296.96573.45650.59386.48386.48
Days of Inventory outstanding
10.899.5412.8231.1033.175.026.488.707.5512.145.015.02
Operating Cycle
254.08260.72324.03411.05434.40296.78303.51305.67581.00662.73100.31296.78
Days of Payables Outstanding
30.4426.7320.8360.0942.7913.9314.9012.7317.8122.6912.2813.93
Cash Conversion Cycle
223.64233.99303.19350.95391.60282.85288.61292.94563.18640.04375.43375.43
Debt Ratios
Debt Ratio
0.110.090.090.080.100.070.070.090.050.050.120.10
Debt Equity Ratio
0.150.120.110.120.130.090.080.100.060.060.140.13
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/A0.02N/A0.01N/A
Total Debt to Capitalization
0.130.100.100.100.120.080.080.090.060.060.070.08
Interest Coverage Ratio
N/A0.010.010.000.0022.835.50N/AN/AN/A6.420.00
Cash Flow to Debt Ratio
0.260.52-0.750.181.051.781.63-0.641.050.630.911.78
Company Equity Multiplier
1.321.251.171.371.311.281.171.171.131.121.131.28
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.07-0.140.050.490.290.33-0.140.150.110.100.29
Free Cash Flow / Operating Cash Flow Ratio
0.350.941.000.960.960.990.981.020.990.920.920.99
Cash Flow Coverage Ratio
0.260.52-0.750.181.051.781.63-0.641.050.630.911.78
Short Term Coverage Ratio
0.260.52-0.750.181.051.781.63-0.641.840.631.071.05
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A