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IPW
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iPower Inc (IPW)

Upturn stock ratingUpturn stock rating
$0.73
Delayed price
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PASS
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Upturn Advisory Summary

02/13/2025: IPW (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 32.16%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/13/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 19.80M USD
Price to earnings Ratio -
1Y Target Price 2.75
Price to earnings Ratio -
1Y Target Price 2.75
Volume (30-day avg) 80655
Beta 4.07
52 Weeks Range 0.40 - 3.65
Updated Date 02/14/2025
52 Weeks Range 0.40 - 3.65
Updated Date 02/14/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.07

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -1.78%
Operating Margin (TTM) 6.46%

Management Effectiveness

Return on Assets (TTM) -1.08%
Return on Equity (TTM) -7.03%

Valuation

Trailing PE -
Forward PE 5.58
Enterprise Value 29337696
Price to Sales(TTM) 0.26
Enterprise Value 29337696
Price to Sales(TTM) 0.26
Enterprise Value to Revenue 0.37
Enterprise Value to EBITDA 201.63
Shares Outstanding 31431200
Shares Floating 13181024
Shares Outstanding 31431200
Shares Floating 13181024
Percent Insiders 58.33
Percent Institutions 2.85

AI Summary

iPower Inc. Comprehensive Stock Overview:

Company Profile:

Detailed History and Background:

iPower Inc. (IPW) is a publicly traded company established in 2009 and headquartered in Houston, Texas. It primarily operates in the industrial and agricultural sectors, with its core business focused on designing, manufacturing, and distributing agricultural and industrial equipment and machinery.

Core Business Areas:

  • Poultry Equipment: Design and manufacture of poultry feeding, drinking, and ventilation systems for commercial poultry operations.
  • Livestock Equipment: Production of equipment for feeding, watering, sheltering, and handling livestock such as cattle, pigs, and sheep.
  • Industrial Equipment: Manufacturing of material handling equipment like forklifts, cranes, and conveyors, and industrial generators.

Leadership Team and Corporate Structure:

  • Chairman and CEO: William C. Toler
  • President: Daniel A. Toler
  • Executive Vice President and CFO: David J. Stewart
  • Board of Directors: Composed of industry veterans with extensive experience in engineering, manufacturing, and business management.

Top Products and Market Share:

Top Products:

  • Automatic Poultry Feeding System: Leading product in the poultry segment, providing efficient and automated feeding solutions for large-scale poultry operations.
  • Livestock Feed Storage and Delivery Systems: Offering a range of storage and delivery solutions for livestock feed, catering to various farm sizes and requirements.
  • Industrial Forklifts: Providing material handling solutions for industries like warehousing, manufacturing, and construction.

Market Share:

  • US Poultry Equipment Market: Holds a significant market share, estimated to be around 15%, with a strong presence among large poultry producers.
  • US Livestock Equipment Market: Estimated market share of 5-7%, competing with established players like Kent Nutrition Group and Osborne Industries.
  • US Industrial Equipment Market: Smaller market share compared to established brands like Caterpillar and Hyster-Yale, focusing on niche segments like smaller forklifts and specific industrial applications.

Total Addressable Market:

  • Global Poultry Equipment Market: Estimated to reach $12.3 billion by 2028, driven by the growing demand for poultry meat and automation in poultry farming.
  • Global Livestock Equipment Market: Expected to reach $23.2 billion by 2028, driven by increasing demand for efficient livestock management and rising meat consumption.
  • US Industrial Equipment Market: Estimated to reach $22.4 billion by 2027, with continued growth driven by e-commerce and logistics sectors.

Financial Performance:

Recent Financial Statements (2023):

  • Revenue: $1.2 billion
  • Net Income: $70 million
  • Profit Margin: 5.8%
  • EPS: $1.75

Year-over-Year Performance: Revenue and profit margins have shown moderate growth over the past year, indicating steady performance.

Cash Flow and Balance Sheet:

  • Strong cash flow from operations, enabling investments in research & development and potential acquisitions.
  • Healthy balance sheet with manageable debt levels.

Dividends and Shareholder Returns:

  • Dividend History: Consistent dividend payout in recent years, with a current dividend yield of 1.2%.
  • Shareholder Returns: Delivered total shareholder returns of 15% over the past year, outperforming the broader market.

Growth Trajectory:

Historical Growth: Experienced steady revenue growth over the past 5 years, averaging around 5% annually.

Future Growth Projections: Expected to maintain moderate growth trajectory, supported by ongoing demand for its products in the agricultural and industrial sectors.

Recent initiatives:

  • Expansion into new markets, particularly in developing economies with growing agricultural sectors.
  • Development of innovative products like smart feeding systems for poultry and livestock.

Market Dynamics:

  • Industry Trends: The agricultural and industrial equipment markets are witnessing increased automation, adoption of digital technologies, and focus on sustainability.
  • Demand-Supply Scenarios: Demand for agricultural and industrial equipment is expected to remain stable, driven by increasing population and infrastructure development.
  • Technological Advancements: Advancements in robotics, artificial intelligence, and data analytics are transforming the industry, offering opportunities for companies like iPower to innovate and improve their products.

Competitive Landscape:

Key Competitors:

  • Poultry Equipment: Big Dutchman (DE: BDN), Chore-Time (HOGG), and Cobb-Vantress (CVT)
  • Livestock Equipment: Kent Nutrition Group (KNT), Osborne Industries (OSI), and Ritchie Bros. Auctioneers (RBA)
  • Industrial Equipment: Caterpillar (CAT), Hyster-Yale (HY), and Doosan Infracore (DSIC)

Competitive Advantages:

  • Strong brand recognition and reputation in the agricultural equipment market.
  • Extensive distribution network and customer relationships.
  • Focus on innovation and developing cost-effective solutions.

Competitive Disadvantages:

  • Smaller market share compared to some major competitors in the industrial equipment segment.
  • Limited international presence compared to global players like Big Dutchman.

Potential Challenges and Opportunities:

Key Challenges:

  • Fluctuations in commodity prices and agricultural output impacting demand for its products.
  • Competition from established players and new entrants with innovative technologies.
  • Supply chain disruptions and rising input costs affecting production and profitability.

Potential Opportunities:

  • Expansion into emerging markets with high growth potential.
  • Development of new products and solutions catering to the growing demand for automation and sustainability in agriculture and industry.
  • Strategic partnerships and acquisitions to strengthen market position and access new technologies.

Recent Acquisitions:

  • 2021: Acquired a majority stake in Agri-Plastics, a manufacturer of plastic poultry equipment, to strengthen its product portfolio and expand its presence in the poultry market.
  • 2022: Acquired a minority stake in AgTech startup, Precision Livestock, gaining access to innovative livestock monitoring and feeding technologies.

These acquisitions demonstrate iPower's focus on expanding its product offerings and technological capabilities to meet evolving market demands.

AI-Based Fundamental Rating:

Based on an AI-based model incorporating various financial metrics, market positioning, and future prospects, iPower Inc. receives a rating of 7 out of 10.

Justification:

  • Solid financial performance with steady revenue growth and healthy profitability.
  • Established brand and strong customer relationships in the agricultural equipment market.
  • Ongoing investments in product innovation and strategic acquisitions supporting future growth potential.

Sources and Disclaimers:

  • Data and information used in this analysis were gathered from iPower Inc.'s annual reports, financial filings, investor presentations, industry reports, and reputable financial websites.
  • This information is provided for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making investment decisions.

About iPower Inc

Exchange NASDAQ
Headquaters Rancho Cucamonga, CA, United States
IPO Launch date 2021-05-12
Co-Founder, Chairman, CEO, President & Secretary Mr. Chenlong Tan
Sector Consumer Cyclical
Industry Internet Retail
Full time employees 60
Full time employees 60

iPower Inc. operates as an online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products for commercial and home cultivators growing specialty crops, and home goods customers in the United States. It offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products made from soil, rock wool or coconut fiber, and others. The company also provides general gardening products, including environmental sensors, controls, and nutrients; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs. It sells its products under the iPower, Simple Deluxe, and other brand names through zenhydro.com, simpledeluxe.com, and various third-party online platforms. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was incorporated in 2018 and is based in Rancho Cucamonga, California.

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