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FAMI
Upturn stock ratingUpturn stock rating

Farmmi Inc (FAMI)

Upturn stock ratingUpturn stock rating
$0.28
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
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Upturn Advisory Summary

12/05/2024: FAMI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -73.59%
Avg. Invested days 14
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/05/2024

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
Full time employees 70

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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