NAM TAI PROPERTY INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NAM TAI PROPERTY INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2024	FY2024	FY2025
Revenue	2.51	1.85	0.49	2.97	71.2	62.4	50.1	83.2	29.2	48
Cost of revenue	0.74		0.07	1.36	27.4	24.9	30.1	77	16.7	35.7
Gross profit	1.77	1.85	0.42	1.61	43.8	37.5	20	6.25	12.5	12.3
Selling and marketing			0.81	6.46	7	6.2	3.8	3.02	1.82	4.47
General and administrative	8.36	9.45	20.4	12.5	15.9	21.1	31.9	45.3	30.2	17.9
Operating expenses	8.36	9.45	21.2	18.9	22.9	27.3	35.7	48.3	32.1	22.3
Operating income	-6.59	-7.6	-20.8	-17.3	20.9	10.2	-15.7	-42.1	-19.5	-10
Interest expense				-0.07	-0.32	-5.85	-8.79	-8.25	-9.69	8.62
Other non-operating income	-8.5	8.5	-0.71	-0.25	0.04	-49.7	-34.8	-7.96	63.7	10.3
Pre-tax income	-9.53	3.94	-10.6	-15.2	22.3	-39.1	-50.3	-50	44.2	0.48
Income tax	0	0	0	-2.04	6.58	14.3	2.53	0.47	15	0.37
Income from continuing operations	-9.53	3.94	-13.3	-13.2	15.7	-53.4	-52.9	-50.4	29.1	0.11
Net income	-9.53	3.94	-13.3	-13.2	15.7	-53.4	-52.9	-50.4	29.1	0.11
EBITDA	-4.81	-7.27	-17	-15.8	23.3	15.4	-10.5	-37.3	-14.9	-5.4
EPS, basic	-0.26	0.11	-0.35	-0.34	0.40	-1.36	-1.34	-0.97	0.50	0.00
EPS, diluted	-0.26	0.11	-0.35	-0.34	0.40	-1.36	-1.34	-0.97	0.49	0.00
Shares, basic (weighted)	36.7	36.8	37.8	38.3	39	39.2	39.5	52.1	58.9	60.5
Shares, diluted (weighted)	36.7	37.5	37.8	38.3	39	39.2	39.5	52.1	59.7	60.9
Dividend per share	0.28	0.28	0.28

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2024	FY2024	FY2025
Short-term investments	89.6		47	2.17	150	32.4	32.4	30.8	0	17.8
Receivables			0.23	1.03	3.97	5.32	5.78	5.89	6.06	3.35
Other current assets	4.03	5.1	6.51	9.34	7.14	10.9	14.1	18.7	14.5	11.6
Total current assets	207	170	117	143	378	386	319	228	106	108
Property, plant and equipment	3.74	37	27.4	26	26.6	25.5	21.7	20.4	16.3	7.16
Lease right-of-use assets				4.08	9.7	0.09	0.04
Long-term investments		2.32	2.2	0
Other non-current assets	0.1	0.05	0.09	0.09	0.1	2.63	2.41	2.37	1.89	2.5
Total assets	249	262	318	430	701	769	670	577	454	473
Accounts payable	0.85	5.71	87.2	36.7	61.6	73.4	49.4	33	31.6	31.6
Accrued liabilities	1.41	1.5	2.74	5.7	30.1	31.5	38.5	190	22.2	21.3
Deferred revenue		0.17	0.26	67.6	0	59.5	54	1.81	7.56	5.21
Short-term debt				2.08	123	5.22	15.8	18.2	27.9	3.87
Total current liabilities	12.5	17.7	90.2	114	434	326	315	257	115	87.9
Long-term debt				93.9
Lease liabilities				3.64	9.24	8.51	2.6	2.18	0
Other non-current liabilities					0	0	20	16.2	17.8
Total liabilities	12.5	17.7	90.2	216	452	566	535	452	281	291
Total debt				95.9	123	185	165	146	135	170
Paid-in capital	242	250	257	260	265	267	272	315	320	326
Retained earnings	6.61	-0.02	-13.3	-26.5	-10.8	-64.3	-117	-168	-138	-138
Treasury stock										-1.12
Other comprehensive income	-12.2	-5.85	-16.3	-19.4	-5.83	-0.34	-20.7	-23.8	-10.2	-5.33
Shareholders' equity	236	244	228	215	249	203	135	124	172	182
Total equity	236	244	228	215	249	203	135	124	172	182
Total liabilities and equity	249	262	318	430	701	769	670	577	454	473
Shares outstanding	36.4	37.6	38.2	38.6	39.2	39.3	40.5	58.3	60.2	60.5

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2024	FY2024	FY2025
Net income	-9.53	3.94	-13.3	-13.2	15.7	-53.4	-52.9	-50.4	29.1	0.11
Depreciation and amortization	1.78	0.33	3.8	1.51	2.35	5.19	5.25	4.82	4.68	4.6
Stock-based compensation	1.04	1.13	2.93	0.54	0.81	0.39	5.38	21.5	6.24	5.08
Deferred income tax				-2.01	6.78	14.5	-2.21	-1.24	-1.61	-3.84
Change in receivables				-0.81	-2.93	-1.36	-0.46	-0.11	-0.16	2.71
Change in payables					2.26
Cash from operations	-5.21	2.26	-48.3	-77.8	-130	-65.8	-12.1	-32.3	-115	-23.9
Capital expenditures	-0.53	-13.4	-2.11
Purchases of investments			-7.58
Sales and maturities of investments				7.58						38.5
Cash from investing	-44.1	62.6	-39.2	46.2	-148	104		1.61	30.8	10.6
Stock issued	3.29	6.91	3.95	2.64	3.79	1.41
Share buybacks	-6.26									-1.12
Dividends paid	-2.94	-10.3	-10.6
Cash from financing	-5.91	-3.36	-6.61	99.9	192	59.6	13.8	12	-7.98	27.7
Exchange rate effect	-7.58	9.1	-8.17
Net change in cash		61.5	-94.1	68.4	-86.9	97.4	1.64	-18.7	-92.1	14.3
Free cash flow	-5.74	-11.1	-50.4
Interest paid				0.07	0.32	5.85	8.79	8.25	9.69	8.62

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $4.30 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	25.7%	Gross profit / revenue.
Operating margin	-20.8%	Operating income / revenue.
EBITDA margin	-11.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	1.0%	Pre-tax income / revenue.
Net margin	0.2%	Net income / revenue.
Operating cash flow margin	-49.8%	Cash from operations / revenue.
Effective tax rate	76.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	0.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.0%	Net income / average total assets.
Return on invested capital (ROIC)	-2.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	10.6%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	9.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	64.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-1.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-7.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-1.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-14.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-22.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-99.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	-62.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-99.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	-66.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	5.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-11.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-7.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	15.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	9.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.23x	Current assets / current liabilities.
Debt / equity	0.94x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	36.0%	Total debt / total assets.
Liabilities / assets	61.6%	Total liabilities / total assets.
Interest coverage	-1.16x	Operating income / interest expense.
Working capital	$20.6M	Current assets - current liabilities.
Tangible book value	$181.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.10x	Revenue / average total assets.
Fixed asset turnover	4.10x	Revenue / average property, plant and equipment.
Receivables turnover	10.2x	Revenue / average receivables.
Days sales outstanding	36 days	365 x average receivables / revenue.
Days payables	323 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.00	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.00	Net income per basic share, as reported (split-adjusted).
Revenue per share	$0.79	Revenue / diluted weighted shares.
Operating cash flow per share	-$0.39	Cash from operations / diluted weighted shares.
Book value per share	$3.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.00	Tangible book value / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$260.4M	Share price x shares outstanding.
Enterprise value	$413.0M	Market cap + total debt - cash - short-term investments.
P/E	2,367x	Market cap / net income. Only when net income is positive.
P/S	5.42x	Market cap / revenue.
P/B	1.43x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.43x	Market cap / tangible book value, when positive.
EV/Sales	8.60x	Enterprise value / revenue.
Earnings yield	0.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.4%	(Dividends paid + share buybacks) / market cap.

What was NAM TAI PROPERTY INC.'s revenue in fiscal 2025?

NAM TAI PROPERTY INC. reported revenue of $48.0M for fiscal 2025, 64.5% higher than the year before.

Was NAM TAI PROPERTY INC. profitable in fiscal 2025?

Yes. Net income was $110.0K, a net margin of 0.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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