Company Quick10K Filing
Tantech Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 29 $51
20-F 2019-05-15 Annual: 2018-12-31
20-F 2018-05-11 Annual: 2017-12-31
20-F 2017-05-01 Annual: 2016-12-31
20-F 2016-04-29 Annual: 2015-12-31
20-F 2015-04-30 Annual: 2014-12-31

Tantech Holdings Financials

TANH Metrics, Comps, Filings

Annual | Quarterly

Business

Tantech Bamboo was established in October 2002 under the trading name “Lishui Zhonglin High Tech Co., Ltd.” by its incumbent owner. Following the establishment of the Forasen Green Energy Group, later renamed Forasen Group Ltd. (“Forasen Group”), in May 2003, 60% of THL's shares were acquired by the Forasen Group. A second subsidiary, Tantech Charcoal, was acquired in September 2006 to manage the Forasen Group's export business. In September 2008 a third subsidiary, Tantech Energy, was established to research and develop bamboo charcoals application as a carbon component for EDLCs. On December 14, 2017, the Company entered into a sale agreement and related agreements to transfer its EDLC carbon business (including intellectual property rights and equipment) to Zhejiang Apeikesi Energy Co., Ltd. (the “Buyer”), a PRC start-up company controlled by Dr. Zaihua Chen, the Company's then Chief Technology Officer. Following the renaming of the Forasen Group to its current name, 95% of Tantech Bamboo's shares were acquired by USCNHK, a Hong Kong registered company, in December 2010. In May and December 2016, Tantech Holdings (Lishui) Co., Ltd., formerly Zhejiang Tantech Bamboo Technology Co., Ltd., a USCNHK's wholly owned subsidiary, acquired 100% of Tantech Bamboo's shares from USCNHK and five individuals.

Below is a brief timeline of key dates in our Company's history since its formation.

·September 2001: Tantech Charcoal is established.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Advanced Emissions Solutions (ADES) 226,923 13% 4.3 19% 187,072 79,311 50,679 6,594 35,017 61,441 264,732
Flotek Industries (FTK) 186,960 22% 1.3 23% 263,816 42,140 192,386 42,112 59,945 70,601 89,451
NL Industries (NL) 181,313 31% 2.8 2% 590,835 262,209 122,335 38,059 10,514 17,344 49,030
LSB Industries (LXU) 102,947 8% 7.4 -4% 1,141,274 819,216 390,190 29,664 -44,038 68,063 501,812
Tantech Holdings (TANH) 50,782 0% 134,194 24,208 0 0 0 0 40,912
Gulf Resources (GURE) 46,631 52% 2.3 -19% 329,564 41,722 6,391 3,296 -63,816 -49,402 -113,723
Flexible Solutions International (FSI) 45,197 36% 7.5 13% 32,237 12,153 23,196 8,394 4,194 5,780 43,201
Gevo (GEVO) 23,414 -41% 0.3 -26% 103,793 18,196 26,689 -11,016 -27,208 -20,752 -5,741
Delta Technology Holdings (DELT) 13,293 0% 67,175 89,982 0 0 0 0 12,275
Synthesis Energy Systems (SES) 6,178 87% -1.0 -125% 9,010 7,748 422 369 -11,219 -9,879 9,502
Pacific Ethanol (PEIX) 42 -1% 137.2 -9% 685,820 384,500 1,406,926 -15,571 -60,060 1,685 231,166
Aemetis (AMTX) 19 2% -16.5 -47% 92,335 231,846 175,987 3,693 -43,557 -11,477 188,919
Braskem (BAK)
Element Solutions (ESI)
Hydrogenics (HYGS)
Urban Tea (MYT)
Methanex Corporation (MEOH)
Westlake Chemical Partners (WLKP) 29% -0.0 23% 1,410,904 438,790 1,268,523 370,148 323,887 431,019 -17,473
Sinopec Shanghai Petrochemical (SHI) 0% 44,385,897 13,923,456 0 0 0 0 -8,719,811
Green Plains Partners (GPP) 0% 2.3 40% 123,178 197,055 90,935 0 49,544 61,811 139,980

Balance Sheet ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash3,5846,2735,9439,8009,870
Accounts Receivable43,56840,48540,64150,25532,495
Inventory1,3391,0971,1992,7621,957
PP&E12,80311,1199,2709,8843,241
Assets78,70987,07594,303138,488134,194
Accounts Payable3,7413,0721,948
Long-Term Debt
Liabilities19,38717,43014,09728,87524,208
Stockholders' Equity59,32269,64580,206100,813102,068
Income Statement ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue65,49358,83047,66643,08429,561
Cost of Revenue44,85341,94834,12232,40621,532
Gross Profit20,64016,88213,54410,6798,029
R&D7461,085479628387
SG&A2,7215,5836,7695,4435,292
Tax2,2462,8936961,5281,031
Net Income14,7178,9274,6083,0131,080
Cash Flow ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating2,4604,451-7,0331,33511,083
Cash Investing533-7,154-1,878-4,155-17,956
Cash Financing-4,2288,8439,0574,944-810