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IT Tech Packaging Inc

ITP Basic Materials Paper & Paper Products

IT Tech Packaging Inc’s revenue for fiscal 2024 (year ended December 2024) was $75.8 million, down 12.4% from fiscal 2023. In the quarter to September 2025, revenue grew 2.07%, EPS grew 45.0% and free cash flow grew 22.1%, each against the same quarter a year earlier.

0.14 0.01 −6.67%

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Market cap: $2.5M
P/E: 0.0×
Fwd P/E: 21.1×
Dividend yield: —
F-score: 6/9
Altman Z: 1.08
Beneish M: −3.64
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 2.48

Revenue 78.94

Net Income (10.95)

Free Cash Flow 3.82

Net Debt 0.96

Current Ratio 1.92

Debt/Equity 0.07

P/E ratio 0.00

Fwd P/E 21.10

P/S ratio 0.02

P/B ratio 0.01

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 1,187.09%

Next 5Y EPS Growth 20.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.96%

10-year low 10-year high

P/B against its own 10 years 1.00%

10-year low 10-year high

EV/Sales against its own 10 years 1.98%

10-year low 10-year high

EV/FCF against its own 10 years 5.36%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2022	2023	2024	Q'25
Cash	10	4	7	9
Receivables	8	1	1	3
Inventory	3	4	2	4
Other	—	—	—	—
	47	28	28	36

	2022	2023	2024	Q'25
Payables	0	0	0	—
ST’ Debt	10	7	8	5
Other	7	0	0	0
	18	21	20	19

Compound Annual Growth %

	10y	5y	3y
Sales	(5.75%)	(8.40%)	(22.17%)
Cash Flow	(15.08%)	(3.51%)	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(1.14%)	(1.23%)	(10.24%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	11	25	26	—	—
’24	7	26	25	18	76
’23	20	30	16	21	87
’22	15	32	32	21	100
’21	24	47	45	45	161
’20	9	26	33	32	101
’19	17	34	33	34	118

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	1	1	—	—
’24	1	1	1	3	6
’23	5	1	2	5	13
’22	4	0	3	3	11
’21	(8)	(7)	9	4	(2)
’20	7	(1)	(3)	14	16
’19	(3)	2	5	3	8

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	1	2	—	—
’24	1	1	1	3	6
’23	5	(4)	(2)	(8)	(9)
’22	(3)	(1)	3	1	0
’21	(8)	(7)	(3)	(8)	(28)
’20	6	(1)	(5)	(4)	(4)
’19	(4)	0	4	1	1

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.35)	(0.16)	(0.11)	—	—
’24	(0.37)	(0.01)	(0.20)	(0.40)	(0.98)
’23	(0.27)	(0.12)	(0.20)	(0.40)	(0.99)
’22	(0.30)	(0.03)	(0.19)	(1.19)	(1.66)
’21	(1.20)	(0.01)	0.03	0.70	0.10
’20	(1.10)	(0.40)	(0.20)	(0.60)	(2.10)
’19	(1.20)	0.20	1.10	1.00	1.00

Fiscal quarters ending in the months shown.

Group	Line	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025e
Price, $
Price, $	Low	—	9.70	7.50	6.00	4.50	3.90	2.30	0.46	0.26	0.20	Analyst estimates 2025–2027 Powerpack
	High	—	15.40	24.50	18.30	13.00	13.90	14.50	5.10	0.70	1.07
People
People	Employees	—	475	527	537	428	333	366	380	383	383
	Revenue/emp, $m	—	0.28	0.22	0.16	0.27	0.30	0.44	0.26	0.23	0.20
Income, $m
Income, $m	Revenue	—	135	117	87	118	101	161	100	87	76
	Gross margin, %	—	18.95	17.05	6.71	11.63	5.65	6.85	4.74	1.16	8.82
	EBT	—	10	2	(12)	3	(7)	6	(5)	(10)	(9)
	EBT margin, %	—	7.74	1.98	(14.29)	2.80	(6.59)	4.01	(4.84)	(11.09)	(11.82)
	Net income	—	7	2	(11)	2	(6)	1	(17)	(10)	(10)
	Depreciation	—	15	15	14	15	16	15	15	14	14
Per share, $
Per share, $	Revenue	—	62.92	54.56	40.13	53.38	38.09	17.62	10.06	8.60	7.53
	Earnings	—	3.40	0.80	(4.90)	1.00	(2.10)	0.10	(1.66)	(0.99)	(0.98)
	Cash flow	—	7.13	8.46	4.24	3.42	6.09	(0.27)	1.07	1.28	0.63
	Capex	—	(5.39)	(4.35)	(1.02)	(2.91)	(7.75)	(2.75)	(1.09)	(2.21)	(0.03)
	Free cash flow	—	1.74	4.12	3.22	0.51	(1.65)	(3.01)	(0.02)	(0.93)	0.59
	Book value	—	80.67	86.40	77.04	75.33	66.07	23.62	18.18	16.72	15.50
	Shares, m	—	2	2	2	2	3	9	10	10	10
Valuation, ×
Valuation, ×	P/E	—	3.38	18.38	0.00	8.55	0.00	0.00	0.00	0.00	0.00
	P/S	—	0.18	0.24	0.16	0.18	0.15	0.13	0.05	0.04	0.08
	P/B	—	0.14	0.15	0.08	0.12	0.08	0.10	0.03	0.02	0.04
	EV/Sales	—	0.30	0.38	0.26	0.26	0.27	0.16	0.10	0.13	0.11
	EV/FCF	—	10.75	5.02	3.25	26.94	(6.18)	(0.94)	(57.96)	(1.18)	1.41
Cash, $m
Cash, $m	Operating cash flow	—	15	18	9	8	16	(2)	11	13	6
	Capex	—	(12)	(9)	(2)	(6)	(21)	(25)	(11)	(22)	0
	Free cash flow	—	4	9	7	1	(4)	(28)	0	(9)	6
Balance, $m
Balance, $m	Working capital	—	(6)	(2)	(5)	7	(3)	35	30	7	8
	Total debt	—	20	25	21	15	16	16	15	12	9
	Net debt	—	15	16	9	9	12	5	6	8	2
	Shareholders’ equity	—	173	185	167	166	175	216	181	168	156
Returns, %
Returns, %	ROA	—	3.27	0.78	(5.00)	1.13	(2.85)	0.41	(7.43)	(4.98)	(5.29)
	ROIC	—	4.30	1.45	(3.98)	1.39	(1.82)	0.41	(1.77)	(3.40)	(3.24)
	ROE	—	4.20	0.93	(5.99)	1.34	(3.26)	0.46	(8.35)	(5.69)	(6.07)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Sep 2025

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SUZ Suzano S.A. Sponsored ADR	$10.3B	4.3×	—	−2.26% (below 0%: shrinking)	−59.15% (below 0%: shrinking)	+85.24% (above 0%: growing)	24.41%	24.06%	Compare
SLVM Sylvamo Corporation	$1.3B	17.2×	14.0×	+1.51% (above 0%: growing)	n/m	−1,050.00% (below 0%: shrinking)	16.38%	2.48%	Compare
CLW Clearwater Paper Corporation	$311.3M	— (loss-making)	12.7×	−4.34% (below 0%: shrinking)	n/m	+216.24% (above 0%: growing)	(2.77%)	(6.40%)	Compare
MERC Mercer International Inc.	$13.4M	— (loss-making)	— (loss-making)	+1.49% (above 0%: growing)	n/m	+5.46% (above 0%: growing)	(5.96%)	(12.81%)	Compare
ITP IT Tech Packaging Inc	$2.5M	— (loss-making)	21.1×	+2.07% (above 0%: growing)	n/m	+22.05% (above 0%: growing)	7.90%	(3.91%)
Median of peers	$800.6M	—	—	−0.38%	—	+45.35%	6.81%	(1.96%)

All 5 Paper & Paper Products stocks →