TDH Holdings, Inc.
- Open
- 1.10
- Day high
- 1.18
- Day low
- 1.10
- Prev close
- 1.13
- Volume
- 3K
- Mkt cap
- $11M
- P/E (TTM)
- 2.5
- EPS (TTM)
- $0.43
- P/B
- 0.4
- P/S
- 6.3
- Yield
- —
- Per share
- —
TDH Holdings, Inc. (PETZ) is a Consumer Defensive company listed on NASDAQ. The stock is up 17% over the past year.
TDH Holdings, Inc. (PETZ) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PETZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | — | $0.04 | — | $665569 | — |
| Dec 17, 2024 | — | $0.13 | — | $103410 | — |
| Dec 12, 2022 | — | $-0.14 | — | $1M | — |
| Dec 12, 2021 | — | $-0.37 | — | $134312 | — |
| Dec 27, 2019 | — | $-5.46 | — | $5M | — |
| Jul 12, 2019 | — | $-2.74 | — | $8M | — |
| Dec 28, 2018 | — | $-19.38 | — | $12M | — |
| Dec 22, 2017 | — | $-0.98 | — | $15M | — |
TDH Holdings, Inc. company profile
Overview
TDH Holdings, Inc. (NASDAQ:PETZ) is a Chinese pet food manufacturer founded in 2002 and headquartered in Qingdao, China. The company went public on the NASDAQ in September 2017. TDH specializes in developing, manufacturing, and selling pet food products primarily for the Chinese market while also serving customers across Asia, Europe, and North America. The company has built a portfolio of approximately 200 products across multiple pet food categories and operates under several brand names including Pet Cuisine and Hum & Cheer.
Business
TDH Holdings operates in the pet food manufacturing industry, which is part of the broader packaged foods sector. The pet food industry has experienced significant growth globally as pet ownership increases and pet owners become more willing to spend on premium nutrition for their animals. The company's core business involves creating food products that provide nutrition, entertainment, and health benefits for dogs and cats. The company's product portfolio spans four main categories. Pet chews are treats designed for dogs to gnaw on, providing both entertainment and dental benefits while satisfying natural chewing instincts. Dried pet snacks are dehydrated treats that offer concentrated nutrition and flavors that pets find appealing. Wet canned pet food provides complete nutrition in a moisture-rich format that many pets prefer over dry kibble. Dental health snacks are specially formulated treats that help clean teeth and freshen breath while pets consume them. Additionally, TDH manufactures non-food pet accessories including dog leashes and pet toys, though these represent a smaller portion of the business. The company primarily focuses on the Chinese domestic market, which represents the largest portion of its revenue, while also serving international markets in Asia, Europe, and North America. TDH's manufacturing capabilities allow it to produce private label products for other brands as well as its own branded products.
Competitive moat
TDH Holdings operates in a highly competitive industry with limited sustainable competitive advantages. The pet food manufacturing business typically has low barriers to entry, and the company faces competition from both large multinational pet food companies and numerous smaller regional manufacturers. The company's potential competitive advantages include its established manufacturing capabilities and experience in the Chinese market, which provides local market knowledge and distribution relationships. Its portfolio of approximately 200 products offers some diversification and the ability to serve different customer segments and price points. The company's presence in both domestic and international markets provides some geographic diversification. However, these advantages are not particularly strong or defensible. The pet food industry is characterized by intense competition from well-established global brands like Mars Petcare, Nestlé Purina, and Hill's Pet Nutrition, which have significantly larger marketing budgets, broader distribution networks, and stronger brand recognition. These larger competitors can also achieve better economies of scale in procurement and manufacturing. The company's products are largely commodity-like, and it has limited pricing power. Brand loyalty in pet food can be strong, but TDH's brands are not well-established compared to market leaders. The company also faces the challenge of competing against both premium brands that command higher margins and low-cost manufacturers that compete on price. Overall, TDH's competitive position appears relatively weak, and the company lacks a strong economic moat.
Risks & safety
TDH Holdings presents a moderate margin of safety from a balance sheet perspective but faces operational challenges. **Cash and Liquidity Position:** - Strong cash position with $15.7 million in cash and short-term investments as of Q4 2024 - Excellent current ratio of 6.86, indicating strong short-term liquidity - Low debt-to-equity ratio of 0.09, minimal financial leverage risk **Operational Cash Flow Concerns:** - Negative operating cash flow of -$234k for FY 2024 despite positive net income - Negative free cash flow of -$2.1 million for FY 2024 - Cash burn pattern suggests operational inefficiencies **Valuation Metrics:** - Very low P/E ratio of 4.8 based on FY 2024 earnings - Price-to-book ratio of 0.47, trading below book value - Enterprise value appears disconnected from fundamentals given negative EV/EBITDA **Other Considerations:** - Revenue volatility with significant decline from $3.2M in FY 2023 to $564k in FY 2024 - Small market capitalization of approximately $11 million creates liquidity risk - Graham net-net value of 2.2 suggests potential asset-based value
Recent development
Based on the available financial data, TDH Holdings has experienced significant operational challenges and revenue decline in recent years. The company's revenue dropped dramatically from $3.2 million in FY 2023 to just $564,000 in FY 2024, representing an 82% decline. This substantial revenue contraction suggests the company may be undergoing a significant business restructuring or facing severe market challenges. Despite the revenue decline, the company managed to achieve profitability in FY 2024 with net income of $2.1 million, compared to a loss of $8.5 million in FY 2023. This improvement in profitability despite lower revenues suggests the company has implemented significant cost-cutting measures and improved operational efficiency. The company's cash flow patterns show inconsistency, with negative operating cash flows in recent periods despite positive net income, indicating potential working capital management issues or timing differences in cash collection and payments. The company has maintained a strong balance sheet with substantial cash reserves, which has provided a buffer during this challenging period. Without access to recent earnings call transcripts, it's difficult to understand the strategic direction or specific initiatives the company has undertaken. The financial data suggests TDH may be in a transition phase, potentially focusing on higher-margin products or markets while reducing overall scale of operations.
PETZ company profile · for informational purposes only — not investment advice.
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