Deep Value: cash covers more than 100% of the stock price

This company holds roughly $32M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Greenland Technologies Holding Corporation

GTEC

Industrial - Machinery · Industrials

Exchange

NASDAQ Capital Market

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Strong

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Winston Score History

The full picture

Greenland Technologies Holding Corporation makes transmission systems and gearboxes used in heavy industrial machinery. Its core products power equipment like forklifts, construction machines, and other industrial vehicles. The company sells primarily to manufacturers in China and operates within the broader industrial machinery supply chain.

The company earns revenue by selling its mechanical components directly to equipment manufacturers. It is a relatively small company based in China, with operations centered in Zhejiang province, and it competes in a fragmented market where low-cost manufacturing and established supplier relationships serve as modest competitive advantages. A key growth opportunity lies in expanding sales of its electric vehicle transmission products as China pushes industrial electrification, but the company faces real risks from intense domestic competition, thin margins, and limited scale that make it vulnerable to pricing pressure and economic slowdowns in China's construction and manufacturing sectors.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+37.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+165.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

46.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$0 cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Greenland Technologies Holding Corporation grew revenue 38% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

31.9%

Modest — 31.9% gross margin

Profit after running costs

Operating Margin

20.0%

Excellent — 20.0% operating margin

Return on the money invested

ROCE

15.4%

Strong — 15.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+25.9%

Fast-growing sales (+25.9% YoY)

Profit growth

EPS YoY

-0.1%

Earnings shrinking (-0.1% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

127%

Turns 127% of profit into real cash

Spare cash per sale

FCF Margin

15.3%

Converts sales into free cash efficiently (15.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.23

Conservative — low debt load (0.23)

Covers its interest

Interest Cover

107.65x

Comfortably covers interest (107.7x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

1.5x

no trend

Attractive valuation — P/E 1.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

+0.4

GROWING

Earnings roughly flat

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Dividends

Not applicable for this business.

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