What are the investment strengths of IT Tech Packaging Inc (ITP)?

Extreme discount: P/B 0.05x, EV 5.3M vs tangible book 70.8M. Asset liquidation value exceeds market cap by 22x. Low leverage (debt/equity 0.07) and 8.1M cash provides runway; FCF positive at 3.8M TTM despite losses.

What are the investment risks for IT Tech Packaging Inc (ITP)?

Gross margin 5.7% vs industry 20.8% indicates broken business model; cannot cover 14.3M operating expenses. Goodwill 81.2M (53% of equity) at risk of impairment given sustained losses; would devastate book value.

IT Tech Packaging Inc

ITP

—

Build a strategy around ITP

IT Tech Packaging Inc AI Insights

Informational only. Not investment advice.

As of 2026-01-08

Snapshot

Goodwill of 81.2M is 53% of equity (152M) vs tangible book of 70.8M - impairment risk given -10.9M TTM net loss.[Goodwill and Other Intangible Assets]
Trading at 0.05x P/B and 0.04x P/S TTM - 93% below industry median P/S of 0.61x. Market pricing in distress.[Price to Book Ratio]
FCF of 3.8M TTM positive despite -10.9M net loss; near-zero capex (-44K) preserves cash but signals no reinvestment.[Free Cash Flow]

Watch Triggers

Gross Margin: Rises above 15% for 2 consecutive quarters — Would signal cost structure improvement; currently 5.7% vs 20.8% industry median.
Total Revenue: Quarterly revenue growth turns positive YoY — 5Y CAGR of -5.2% must reverse for any turnaround thesis to hold.
Goodwill and Other Intangible Assets: Any impairment charge announced — 81.2M goodwill impairment would eliminate most of 152M equity.

Bull Case

Extreme discount: P/B 0.05x, EV 5.3M vs tangible book 70.8M. Asset liquidation value exceeds market cap by 22x.

Price to Book RatioTangible Book ValueEnterprise Value

Low leverage (debt/equity 0.07) and 8.1M cash provides runway; FCF positive at 3.8M TTM despite losses.

Debt to EquityCash and EquivalentsFree Cash Flow

Bear Case

Gross margin 5.7% vs industry 20.8% indicates broken business model; cannot cover 14.3M operating expenses.

Gross MarginOperating ExpenseOperating Income

Goodwill 81.2M (53% of equity) at risk of impairment given sustained losses; would devastate book value.

Goodwill and Other Intangible AssetsCommon Stockholders EquityNet Income

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

25%

Leverage ITP's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.

Take Me to The Editor

Forward Thesis

Operating losses will persist without revenue stabilization; 5Y revenue CAGR of -5.2% shows structural decline.

1-3yhigh

Gross margin 5.7% TTM vs industry median 20.8%
Operating margin -12.4% TTM vs industry median 7.4%
Revenue 78.9M declining vs industry mean 6.3B

Net loss -10.9M TTM on 78.9M revenueROE -6.9%, ROA -6.0%, ROIC -6.5% all negative TTMAsset turnover 0.43x vs industry median 0.78x

Valuation Context

Caveats

Public Strategies Rankings

See how IT Tech Packaging Inc ranks across different investment strategies.

Leverage ITP's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.

ITP Fundamentals

Manufacturing → Paper Manufacturing

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$2.76M		—
Enterprise Value	$4.88M		—
P/E Ratio	0.00		—
Total Revenue - TTM	$78.94M	-0.3%	—
Earnings Per Share (diluted) - TTM	$-0.90		—
Operating Margin - TTM	-12.5%	-3.5%	—
Net Margin - TTM	-13.9%	-1.5%	—
Free Cash Flow - TTM	$3.81M		—
Return on Common Equity - TTM	-0.07	-1.1%	—
Beta 5Y (Monthly)	unknown		—

ITP Dividend History

5 dividends

2013

$0.0175

11/26/13$0.0050

04/12/13$0.0125

2012

$0.0375

12/13/12$0.0125

09/12/12$0.0125

06/13/12$0.0125

ITP Stock Splits

2 stock splits

07/08/2210:1 split

11/05/094:1 split

ITP SEC Filings

Filing Date	Report Date	Report Type	Filing Link
11/13/25	09/30/25	10-Q	0001213900-25-110001
08/14/25	06/30/25	10-Q	0001213900-25-076676
05/09/25	03/31/25	10-Q	0001213900-25-041500
04/11/25	12/31/24	Unknown	0001213900-25-031072
11/15/24	09/30/24	10-Q	0001213900-24-099096
08/12/24	06/30/24	10-Q	0001213900-24-067681
05/10/24	03/31/24	10-Q	0001213900-24-041827
03/27/24	12/31/23	10-K	0001213900-24-026607
11/09/23	09/30/23	10-Q	0001213900-23-085251
08/10/23	06/30/23	10-Q	0001213900-23-065618
05/11/23	03/31/23	10-Q	0001213900-23-038552
03/24/23	12/31/22	10-K	0001213900-23-022564
11/10/22	09/30/22	10-Q	0001213900-22-071225
08/09/22	06/30/22	10-Q	0001213900-22-045916
05/10/22	03/31/22	10-Q	0001213900-22-025226
03/15/22	12/31/21	10-K	0001213900-22-012344
11/10/21	09/30/21	10-Q	0001213900-21-058146
08/10/21	06/30/21	10-Q	0001213900-21-041231
05/11/21	03/31/21	10-Q	0001213900-21-025628
03/23/21	12/31/20	10-K	0001213900-21-017307
11/12/20	09/30/20	10-Q	0001213900-20-036390
08/11/20	06/30/20	10-Q	0001213900-20-021402
05/14/20	03/31/20	10-Q	0001213900-20-012270
04/19/21	12/31/19	10-K/A	0001213900-21-022128
03/23/20	12/31/19	10-K	0001213900-20-007091
11/07/19	09/30/19	10-Q	0001213900-19-022290
08/08/19	06/30/19	10-Q	0001213900-19-014874
05/09/19	03/31/19	10-Q	0001213900-19-008147
03/07/19	12/31/18	10-K	0001213900-19-003744
11/08/18	09/30/18	10-Q	0001213900-18-015160
08/09/18	06/30/18	10-Q	0001213900-18-010599
05/14/18	03/31/18	10-Q	0001213900-18-006009
04/17/18	12/31/17	10-K	0001213900-18-004589
11/09/17	09/30/17	10-Q	0001213900-17-011686
08/10/17	06/30/17	10-Q	0001213900-17-008446
05/11/17	03/31/17	10-Q	0001213900-17-004898
03/22/17	12/31/16	10-K	0001213900-17-002695
11/09/16	09/30/16	10-Q	0001213900-16-018146
08/10/16	06/30/16	10-Q	0001213900-16-015707
05/11/16	03/31/16	10-Q	0001213900-16-013175
03/23/16	12/31/15	10-K	0001213900-16-011815
11/12/15	09/30/15	10-Q	0001213900-15-008421
08/12/15	06/30/15	10-Q	0001213900-15-005990
05/13/15	03/31/15	10-Q	0001213900-15-003589
03/25/15	12/31/14	10-K	0001213900-15-002051
11/13/14	09/30/14	10-Q	0001213900-14-008046
08/13/14	06/30/14	10-Q	0001213900-14-005738
05/15/14	03/31/14	10-Q	0001144204-14-031184
03/25/14	12/31/13	10-K	0001144204-14-017612
11/12/13	09/30/13	10-Q	0001144204-13-060505
08/12/13	06/30/13	10-Q	0001144204-13-044759
05/15/13	03/31/13	10-Q	0001144204-13-029644
03/18/13	12/31/12	10-K	0001144204-13-015600
11/08/12	09/30/12	10-Q	0001144204-12-060452
08/09/12	06/30/12	10-Q	0001144204-12-044028
05/10/12	03/31/12	10-Q	0001144204-12-027615
03/15/12	12/31/11	10-K	0001144204-12-015061
11/09/11	09/30/11	10-Q	0001144204-11-062531
08/09/11	06/30/11	10-Q	0001144204-11-044763
05/10/11	03/31/11	10-Q	0001144204-11-027350
03/15/11	12/31/10	10-K	0001144204-11-014970
11/15/10	09/30/10	10-Q	0001013762-10-002712
08/16/10	06/30/10	10-Q	0001013762-10-001890
05/13/10	03/31/10	10-Q	0001013762-10-001110
03/29/10	12/31/09	10-K	0001145443-10-000702
11/13/09	09/30/09	10-Q	0001145443-09-002997
08/14/09	06/30/09	10-Q	0001145443-09-001957
05/15/09	03/31/09	10-Q	0001145443-09-001276
09/26/11	12/31/08	10-K/A	0001144204-11-054756
03/27/09	12/31/08	10-K	0001193805-09-000681
11/13/08	09/30/08	10-Q	0001193805-08-003023
08/14/08	06/30/08	10-Q	0001193805-08-001952
05/21/08	03/31/08	10-Q	0001193805-08-001396
03/31/08	12/31/07	10-K	0001193805-08-000987
11/30/07	11/30/07	PRE 14C	0001193805-07-002933
11/13/08	09/30/07	10-Q	0001193805-08-003023
08/31/07	08/31/07	10QSB	0001092306-07-000436
08/14/08	06/30/07	10-Q	0001193805-08-001952
05/31/07	05/31/07	10QSB	0001092306-07-000311
05/21/08	03/31/07	10-Q	0001193805-08-001396
02/28/07	02/28/07	10KSB	0001092306-07-000248
11/30/06	11/30/06	10QSB	0001092306-07-000056
08/31/06	08/31/06	Unknown	--
05/31/06	05/31/06	Unknown	--