IT Tech Packaging Inc. Common Stock (ITP)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a bargain with a margin of safety, and IT Tech Packaging is the kind of tiny, ugly situation that demands caution. It makes corrugating medium paper, printing paper, tissue, and related products in China with 383 employees. At the 2026-10-13 close, the stock was $0.15 and market cap $2.5M. FairStock calculates P/B at 0.02, EV/EBITDA at 1.01, and FCF yield at 149.8% using trailing twelve-month free cash flow of $3.8M. Those are startlingly cheap numbers, but the earnings record is poor. In fiscal 2024, the year ended 2024-12-31, revenue was $75.8M and net income was -$9.8M, or -$0.98 per diluted share. In fiscal 2023, the year ended 2023-12-31, revenue was $86.5M and net income was -$9.9M. In fiscal 2022, the year ended 2022-12-31, revenue was $100.4M and net income was -$16.6M. Sales have shrunk while losses have narrowed. The latest filing shows improvement: in fiscal Q3 2025, the quarter ended 2025-09-30, revenue was $25.6M and net income was -$1.4M, versus fiscal Q3 2024, the quarter ended 2024-09-30, revenue $25.1M and net income -$2.0M. Sequentially, net losses narrowed from -$3.5M in fiscal Q1 2025 to -$2.0M in fiscal Q2 2025 to -$1.4M in fiscal Q3 2025. Low debt, with D/E 0.07, and a FairStock Piotroski F-score of 8/9 are encouraging. But FairStock calculates an Altman Z of 0.84, ROE of -6.92%, and ROCE of -3.36%, and no clear competitive moat exists in commodity paper. A 0.02 P/B and huge FCF yield may be a value trap until profits are durable.

In plain English: IT Tech Packaging makes paper products in China, including corrugating medium paper, printing paper, and tissue products. The business looks weak because it has been losing money, though recent losses are smaller and it generated cash over the past year. The stock price looks very cheap compared with the company's accounting value and cash generation, but the company is still unprofitable and financially risky.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · fiscal Q3 2024 10-Q (period ended 2024-09-30) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31) · FY2022 10-K (period ended 2022-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer