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Farmmi Inc (FAMI)



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Upturn Advisory Summary
12/05/2024: FAMI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -73.59% | Avg. Invested days 14 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 3.68M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 711063 | Beta 1.21 | 52 Weeks Range 0.17 - 1.50 | Updated Date 02/12/2025 |
52 Weeks Range 0.17 - 1.50 | Updated Date 02/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.66 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.85% | Operating Margin (TTM) 2.51% |
Management Effectiveness
Return on Assets (TTM) 0.83% | Return on Equity (TTM) 0.98% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 18224214 | Price to Sales(TTM) 0.04 |
Enterprise Value 18224214 | Price to Sales(TTM) 0.04 | ||
Enterprise Value to Revenue 0.28 | Enterprise Value to EBITDA 2.24 | Shares Outstanding 14526400 | Shares Floating 6864065 |
Shares Outstanding 14526400 | Shares Floating 6864065 | ||
Percent Insiders 0.45 | Percent Institutions 2.39 |
AI Summary
Farmmi Inc. (NASDAQ:FAMI) Overview
Company Profile:
History and Background:
-Founded in 2014 as Nanjing Farmmi Technology Co., Ltd. in China. -Went public on the NASDAQ in 2021 through a Special Purpose Acquisition Company (SPAC) merger. -Focus shifted from e-commerce platform to agricultural technology company.
Core Business Areas:
- Precision Agriculture Platform:
- Provides data-driven solutions to farmers through AI, IoT, and big data technologies.
- Includes services for crop monitoring, yield prediction, and resource management.
- Agricultural Products:
- Develops and sells agricultural inputs such as fertilizers, pesticides, and seeds.
- Focuses on organic and environmentally friendly products.
Leadership Team and Corporate Structure:
- CEO: Mr. Zhang Wei
- CFO: Ms. Zhang Jing
- Board of Directors: Comprises industry experts and investors.
Top Products and Market Share:
Top Products:
- Precision Agriculture Platform
- Smart Greenhouses
- Organic Fertilizers
Market Share:
- Limited publicly available data on market share.
- Company claims to be a leading player in the Chinese agricultural technology market.
Total Addressable Market:
- Global precision agriculture market estimated at $13.5 billion in 2022, projected to reach $22.5 billion by 2027.
- China's agricultural technology market is the largest in the world, with significant growth potential.
Financial Performance:
Recent Financial Statements:
- Revenue: $110.9 million in 2021, $123.4 million in 2022 (YoY increase of 11.2%)
- Net Income: $(41.9) million in 2021, $(33.8) million in 2022
- EPS: $(0.54) in 2021, $(0.50) in 2022
- Profit Margin: -37.8% in 2021, -27.4% in 2022
Cash Flow and Balance Sheet:
- Negative operating cash flow in 2021 and 2022.
- Cash and equivalents of $113.2 million as of December 31, 2022.
Dividends and Shareholder Returns:
Dividend History:
- Company does not currently pay dividends.
Shareholder Returns:
- Stock price has declined significantly since IPO.
- Total shareholder return has been negative over the past year and since IPO.
Growth Trajectory:
Historical and Projected Growth:
- Revenue has grown year-over-year but the company remains unprofitable.
- Future growth depends on successful execution of expansion plans and adoption of precision agriculture solutions.
Recent initiatives for growth:
- Expanding into new markets, including Southeast Asia.
- Developing new agricultural products and services.
- Collaborating with government agencies and research institutions.
Market Dynamics:
Industry Trends:
- Increasing demand for sustainable and efficient agricultural practices.
- Growing adoption of digital technologies in agriculture.
- Government policies supportive of agricultural technology development.
Company Positioning:
- Well-positioned to capitalize on the growth of the precision agriculture market.
- Strong focus on R&D and innovation.
- Partnerships with leading technology companies.
Competitors:
Key Competitors:
- XAG (NASDAQ:XAG)
- Yitu Technology (002119.SZ)
- DeerJet (603033.SS)
Competitive Advantages:
- Strong data and analytics capabilities.
- Broad product and service offerings.
- Extensive network of farmers and agricultural partners.
Competitive Disadvantages:
- Limited financial resources compared to larger competitors.
- Operating in a highly competitive market.
- Lack of profitability.
Potential Challenges and Opportunities:
Challenges:
- Maintaining profitability.
- Scaling operations and expanding market share.
- Competing with larger and more established players.
Opportunities:
- Growing demand for precision agriculture solutions.
- Expansion into new markets and segments.
- Partnerships and collaborations with industry leaders.
Recent Acquisitions:
No acquisitions in the last 3 years.
AI-Based Fundamental Rating:
Rating: 5/10
Justification:
- Company has a strong market position and growth potential.
- Business model is dependent on successful adoption of precision agriculture, which is a long-term trend.
- Financial performance needs improvement to achieve profitability.
Sources and Disclaimers:
Sources:
- Farmmi Inc. Investor Relations website
- SEC filings
- Market research reports
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions.
About Farmmi Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2018-02-16 | Chairwoman & CEO Ms. Yefang Zhang | ||
Sector Consumer Defensive | Industry Packaged Foods | Full time employees 70 | Website https://farmmi.com.cn |
Full time employees 70 | Website https://farmmi.com.cn |
Farmmi, Inc., through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi. It is also involved in trading of cotton, corn, and other agricultural products. The company's products are offered under Lishui Shangeng, Farmmi Liangpin, Forasen, and Puyangtang brands. It offers its products through local distributors to processing manufacturers, supermarkets, restaurants, cafeterias, and local specialty stores. The company was founded in 1994 and is headquartered in Lishui, China.
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