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Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company also provides physiotherapeutic jade mats for use in therapy clinic, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -17.07M | -19.80M | -26.40M | -5.89M | 4.64M |
| Minority interest | - | - | - | - | 0.00M |
| Net income | -17.08M | -19.96M | -25.75M | -6.14M | 5.30M |
| Selling general administrative | 5.56M | 5.72M | 4.66M | 5.50M | 7.02M |
| Selling and marketing expenses | 2.89M | 3.75M | 1.75M | 1.59M | 3.98M |
| Gross profit | -7.78M | -10.32M | -19.89M | 1.29M | 15.95M |
| Reconciled depreciation | 0.57M | 0.85M | 0.75M | 0.51M | 0.44M |
| Ebit | -16.22M | -19.80M | -26.30M | -5.80M | 4.95M |
| Ebitda | -15.01M | -19.04M | -25.26M | -5.29M | 5.39M |
| Depreciation and amortization | 1.21M | 0.76M | 1.05M | 0.51M | 0.44M |
| Non operating income net other | - | - | -0.11M | -0.12M | -0.31M |
| Operating income | -16.22M | -19.80M | -26.30M | -5.80M | 4.95M |
| Other operating expenses | 28.97M | 32.61M | 37.66M | 27.78M | 83.70M |
| Interest expense | 1.52M | 0.09M | 0.72M | 2.55M | 0.00M |
| Tax provision | 0.00M | 0.16M | -0.65M | 0.25M | -0.66M |
| Interest income | - | - | - | 0.13M | 0.31M |
| Net interest income | -0.21M | -0.22M | -0.15M | -0.13M | -0.31M |
| Extraordinary items | - | - | - | -2.46M | 0.01M |
| Non recurring | - | - | - | - | 0.00M |
| Other items | - | - | - | - | 0.00M |
| Income tax expense | 0.00M | 0.16M | -0.65M | 0.25M | -0.66M |
| Total revenue | 12.74M | 12.81M | 11.35M | 21.98M | 88.65M |
| Total operating expenses | 8.44M | 9.48M | 6.41M | 7.09M | 11.00M |
| Cost of revenue | 20.53M | 23.13M | 31.24M | 20.69M | 72.69M |
| Total other income expense net | -0.85M | -0.00M | -0.10M | -0.09M | 0.00M |
| Discontinued operations | -0.03M | -15.74M | -0.33M | -2.46M | 0.04M |
| Net income from continuing ops | -17.08M | -19.96M | -25.75M | -5.89M | 5.30M |
| Net income applicable to common shares | -17.10M | -19.96M | -26.08M | -8.60M | 5.30M |
| Preferred stock and other adjustments | - | - | - | - | 0.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6.24M | 11.53M | 29.53M | 46.48M | 71.56M |
| Intangible assets | 0.01M | 0.01M | - | - | - |
| Other current assets | 0.98M | 1.61M | 1.11M | 0.60M | 30.94M |
| Total liab | 5.74M | 4.92M | 6.09M | 5.55M | 5.51M |
| Total stockholder equity | 0.50M | 6.61M | 23.44M | 40.93M | 66.05M |
| Other current liab | 2.25M | 0.41M | 0.33M | 0.33M | 0.54M |
| Common stock | 0.00M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.00M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -44.43M | -36.71M | -19.60M | 0.35M | 26.43M |
| Other liab | - | 1.16M | 1.54M | 1.63M | 1.83M |
| Good will | 0.22M | 0.22M | 0.22M | 0.22M | 0.22M |
| Other assets | 0.00M | 0.07M | 0.07M | 0.19M | 0.04M |
| Cash | 0.37M | 1.37M | 6.28M | 8.74M | 7.42M |
| Total current liabilities | 3.69M | 1.64M | 1.81M | 2.03M | 1.46M |
| Current deferred revenue | 0.31M | 0.17M | 0.39M | 0.27M | 0.03M |
| Net debt | 1.74M | 1.48M | -2.82M | -6.16M | -4.73M |
| Short term debt | 0.70M | 0.74M | 0.73M | 0.69M | 0.48M |
| Short long term debt total | 2.11M | 2.86M | 3.46M | 2.58M | 2.69M |
| Other stockholder equity | 44.40M | 43.23M | 42.66M | 39.77M | 39.60M |
| Property plant equipment | - | 3.03M | 3.67M | 2.77M | 0.14M |
| Total current assets | 3.75M | 8.20M | 25.57M | 43.29M | 68.50M |
| Net tangible assets | - | 6.38M | 23.23M | 40.71M | 65.83M |
| Net receivables | 0.09M | 0.37M | 0.52M | 1.14M | 0.42M |
| Long term debt | 0.15M | 0.15M | 0.15M | 0.15M | - |
| Inventory | 2.31M | 4.93M | 17.66M | 32.81M | 29.72M |
| Accounts payable | 0.43M | 0.32M | 0.36M | 0.74M | 0.42M |
| Accumulated other comprehensive income | 0.52M | 0.08M | 0.38M | 0.80M | 0.01M |
| Common stock total equity | - | - | - | 0.01M | 0.01M |
| Retained earnings total equity | - | - | - | 0.35M | 26.43M |
| Treasury stock | - | - | - | -0.62M | -0.62M |
| Non currrent assets other | 0.07M | - | 0.07M | 0.07M | 0.04M |
| Non current assets total | 2.49M | 3.33M | 3.96M | 3.18M | 3.06M |
| Capital lease obligations | 1.96M | 2.71M | 3.31M | 2.43M | 2.69M |
| Long term debt total | - | - | - | 0.15M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -0.01M | -0.15M | 0.67M | -0.03M | -0.03M |
| Change to liabilities | -0.04M | -0.39M | 0.33M | -5.23M | 1.74M |
| Total cashflows from investing activities | -0.01M | -0.15M | 0.67M | -0.03M | -0.03M |
| Net borrowings | - | - | 0.47M | -6.25M | 2.05M |
| Total cash from financing activities | 0.00M | 2.76M | 0.47M | -6.86M | 2.08M |
| Change to operating activities | -1.96M | -0.77M | -0.55M | -1.05M | 0.05M |
| Net income | -17.08M | -19.96M | -25.75M | -6.14M | 5.30M |
| Change in cash | -4.90M | -2.47M | -0.14M | 7.99M | -4.83M |
| Begin period cash flow | 6.28M | 8.74M | 8.89M | 0.89M | 5.72M |
| End period cash flow | 1.37M | 6.28M | 8.74M | 8.89M | 0.89M |
| Total cash from operating activities | -5.37M | -4.78M | -2.08M | 14.89M | -6.88M |
| Issuance of capital stock | 0.00M | 2.76M | - | - | - |
| Depreciation | 0.57M | 0.85M | 0.75M | 0.51M | 0.44M |
| Other cashflows from investing activities | - | -0.04M | 1.04M | -0.04M | 0.00M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -0.88M | -0.80M | -27.10M | -26.96M | 0.00M |
| Change to account receivables | -0.19M | 0.42M | -0.13M | 66.42M | -13.46M |
| Sale purchase of stock | - | - | 0.00M | -0.62M | 0.03M |
| Other cashflows from financing activities | -0.01M | -0.15M | 0.67M | 17.51M | 67.61M |
| Change to netincome | 13.63M | 16.09M | 24.06M | 5.01M | 1.09M |
| Capital expenditures | 0.01M | 0.15M | 0.37M | 0.03M | 0.03M |
| Change receivables | - | - | -0.13M | 66.42M | -13.46M |
| Cash flows other operating | - | - | 26.55M | -24.87M | 3.30M |
| Exchange rate changes | - | - | 0.80M | - | 0.00M |
| Cash and cash equivalents changes | - | - | -0.14M | 7.99M | -4.83M |
| Change in working capital | -2.47M | -1.76M | -0.80M | 15.51M | -13.72M |
| Stock based compensation | 0.57M | 0.13M | 0.16M | 0.37M | 1.19M |
| Other non cash items | 13.03M | 15.96M | 23.69M | 4.20M | 0.01M |
| Free cash flow | -5.38M | -4.94M | -2.44M | 14.86M | -6.91M |
Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NVFY Nova Lifestyle I |
0.20 3.72% |
5.58 | - | - | 0.34 | 0.96 | 0.48 | -0.49 |
| MGCLY Midea Group Co., Ltd. |
- -% |
12.79 | 14.58 | 12.58 | 0.21 | 3.06 | 1.38 | 9.81 |
| HSHCY Haier Smart Home Co. Ltd |
0.10 0.94% |
10.69 | 9.24 | 8.53 | 0.08 | 1.39 | 0.59 | 5.39 |
| HRSHF Haier Smart Home Co. Ltd |
- -% |
2.85 | 8.97 | 8.35 | 0.08 | 1.36 | 0.58 | 5.38 |
| SN SharkNinja, Inc. |
-2.97 1.31% |
223.96 | 34.59 | 23.26 | 3.41 | 8.40 | 3.48 | 22.40 |
Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company also provides physiotherapeutic jade mats for use in therapy clinic, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
6565 East Washington Boulevard, Commerce, CA, United States, 90040
323 888 9999
27
| Name | Title | Year Born |
|---|---|---|
| Ms. Thanh H. Lam | Chairperson, CEO & Pres | 1968 |
| Mr. Jeffery Chuang | Chief Financial Officer | 1970 |
| Ms. Mindy Su | Corp. Sec. & Director | 1983 |
| Mr. Wilson Yiu | Chief Technology Officer | NA |
| Mr. Mark Chapman | VP of Marketing | 1969 |
| Ms. Thanh H. Lam | Chairperson, CEO & President | 1968 |
| Ms. Mindy Su | Corporate Secretary & Director | 1983 |
| Mr. Mark Chapman | Vice President of Marketing | 1969 |
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