/
of Our Business Planet Green Holdings Corp. (the Planet Green ), headquartered in Flushing, NY, is not an operating company in the PRC but a Nevada holding company with its operations conducted through its subsidiaries in the PRC and Canada (the Subsidiaries ). Planet Green is engaged in a number of diverse business activities, including consumer products, chemical products and online advertising.
The business is unprofitable at the operating level (-580.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 35.2% YoY. Margins deteriorated 525.3pp alongside, both lines moving the wrong way.
Free cash flow declined 321% versus the prior year, cash generation momentum has weakened. ROIC dropped from -11.53% to -230.29%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$9M
▼ -35.2% YoY
Net Income (TTM)
-$26M
▼ -268.1% YoY
Op. Margin
-192.43%
▼ -525.3pp YoY
ROIC
-496.13%
▼ -218.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3M
▼ -321.0% YoY
Op. Cash Flow (TTM)
$3M
▼ -320.0% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$5M
5Y CAGR: -3.5%
Continue Research