Tearsheet

Greenpro Capital (GRNQ)


Market Price (3/14/2026): $2.03 | Market Cap: $15.6 Mil
Sector: Industrials | Industry: Research & Consulting Services

Greenpro Capital (GRNQ)


Market Price (3/14/2026): $2.03
Market Cap: $15.6 Mil
Sector: Industrials
Industry: Research & Consulting Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%
Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -31%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -40%
1 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Venture Capital, and Digital Asset Custody.
  Stock price has recently run up significantly
12M Rtn12 month market price return is 118%
2   Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.7%, Rev Chg QQuarterly Revenue Change % is -27%
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -43%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -43%
4   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%
5   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%
1 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Venture Capital, and Digital Asset Custody.
2 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -31%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -40%
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 118%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.7%, Rev Chg QQuarterly Revenue Change % is -27%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -43%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -43%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Greenpro Capital (GRNQ) stock has gained about 30% since 11/30/2025 because of the following key factors:

1. Strategic acquisition of a minority stake in Forekast. Greenpro Capital Corp. announced on February 17, 2026, its entry into a Share Exchange Agreement to acquire a 13.6% stake in Forekast Limited for $14.45 million. As consideration, Greenpro Capital issued 8,500,000 shares of its common stock to Forekast Shareholders. This strategic expansion and significant investment likely contributed to positive investor sentiment.

2. Completion of private placements to boost liquidity. Greenpro Capital completed a private placement to boost liquidity on December 18, 2025. Additionally, the company received $0.15 million in funding around December 17, 2025, and $0.195 million around November 13, 2025. These capital injections helped strengthen the company's financial position and operational capacity.

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Stock Movement Drivers

Fundamental Drivers

The 28.5% change in GRNQ stock from 11/30/2025 to 3/13/2026 was primarily driven by a 28.5% change in the company's P/S Multiple.
(LTM values as of)113020253132026Change
Stock Price ($)1.562.0028.5%
Change Contribution By: 
Total Revenues ($ Mil)330.0%
P/S Multiple3.95.028.5%
Shares Outstanding (Mil)880.0%
Cumulative Contribution28.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
GRNQ28.5% 
Market (SPY)-3.1%9.5%
Sector (XLI)7.1%-3.2%

Fundamental Drivers

The 38.3% change in GRNQ stock from 8/31/2025 to 3/13/2026 was primarily driven by a 44.8% change in the company's P/S Multiple.
(LTM values as of)83120253132026Change
Stock Price ($)1.452.0038.3%
Change Contribution By: 
Total Revenues ($ Mil)33-4.5%
P/S Multiple3.45.044.8%
Shares Outstanding (Mil)880.0%
Cumulative Contribution38.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
GRNQ38.3% 
Market (SPY)3.0%1.3%
Sector (XLI)8.8%-4.1%

Fundamental Drivers

The 117.2% change in GRNQ stock from 2/28/2025 to 3/13/2026 was primarily driven by a 93.8% change in the company's P/S Multiple.
(LTM values as of)22820253132026Change
Stock Price ($)0.922.00117.2%
Change Contribution By: 
Total Revenues ($ Mil)3314.0%
P/S Multiple2.65.093.8%
Shares Outstanding (Mil)88-1.7%
Cumulative Contribution117.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
GRNQ117.2% 
Market (SPY)12.4%0.7%
Sector (XLI)22.0%0.8%

Fundamental Drivers

The 40.3% change in GRNQ stock from 2/28/2023 to 3/13/2026 was primarily driven by a 69.1% change in the company's P/S Multiple.
(LTM values as of)22820233132026Change
Stock Price ($)1.432.0040.3%
Change Contribution By: 
Total Revenues ($ Mil)43-18.8%
P/S Multiple2.95.069.1%
Shares Outstanding (Mil)882.1%
Cumulative Contribution40.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
GRNQ40.3% 
Market (SPY)73.4%5.3%
Sector (XLI)70.2%8.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GRNQ Return-70%-83%9%-6%67%13%-90%
Peers Return57%-8%-11%40%-29%-8%18%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
GRNQ Win Rate42%33%50%42%58%67% 
Peers Win Rate58%46%44%48%35%42% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
GRNQ Max Drawdown-72%-84%-27%-29%-24%-12% 
Peers Max Drawdown-17%-40%-22%-37%-50%-17% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: RGP, BGSF, HGBL, OXBR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventGRNQS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-98.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven5152.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-71.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven244.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven148 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-98.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven5421.8%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to RGP, BGSF, HGBL, OXBR

In The Past

Greenpro Capital's stock fell -98.1% during the 2022 Inflation Shock from a high on 2/17/2021. A -98.1% loss requires a 5152.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Greenpro Capital (GRNQ)

Greenpro Capital Corp. provides financial consulting and corporate services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services. It is also involved in the acquisition and rental of real estate properties held for investment and sale; and provision of company formation advisory, company secretarial, and financial services. In addition, the company provides corporate advisory services, such as company review, bank loan advisory, and bank products analysis, as well as loan and credit, and insurance brokerage services; and wealth planning, administration, charity, tax and legal, trusteeship and risk management, investment planning and management, and business support services, as well as asset protection and management, consolidation, and performance monitoring services. The company was formerly known as Greenpro, Inc. and changed its name to Greenpro Capital Corp. in May 2015. Greenpro Capital Corp. was incorporated in 2013 and is headquartered in Kuala Lumpur, Malaysia.

AI Analysis | Feedback

Here are a few brief analogies for Greenpro Capital (GRNQ):

  • Think of Greenpro Capital as a "Deloitte or KPMG for small and medium-sized businesses" in Asia, providing comprehensive corporate and financial advisory services.
  • It's like a "Charles Schwab or Edward Jones for businesses" in Asia, offering extensive financial and wealth management support to growing companies.

AI Analysis | Feedback

  • Corporate Advisory & Business Consulting: Provides guidance on cross-border listings, company formation, corporate review, and general business strategy for SMEs.
  • Accounting & Tax Services: Offers tax planning, bookkeeping, accounting outsourcing, and financial record management for businesses.
  • Wealth Management & Financial Planning: Delivers services covering wealth planning, investment management, trusteeship, and asset protection.
  • Brokerage Services: Facilitates loans, credit, and insurance products for clients.
  • Venture Capital Education & Support: Provides educational resources and support services related to venture capital.
  • Real Estate Investment & Management: Engages in the acquisition, rental, and management of real estate properties for investment and sale.

AI Analysis | Feedback

Greenpro Capital (GRNQ) primarily provides financial consulting and corporate services to other companies, specifically small and medium-size businesses (SMEs).

The provided company description does not disclose the names of specific major customer companies. However, based on the types of services offered and the target markets, Greenpro Capital's customers can be categorized as:

  • SMEs Seeking General Corporate and Advisory Services: Businesses primarily in Hong Kong, Malaysia, and China requiring fundamental corporate functions such as tax planning, bookkeeping, record management, accounting outsourcing, company formation advisory, and company secretarial services.
  • Growth-Oriented SMEs and Startups: Companies looking to expand, raise capital, or enter public markets, seeking services like cross-border listing advisory, venture capital related education and support, and bank loan advisory.
  • SMEs and Affiliated Entities Requiring Specialized Financial and Asset Management: Businesses and their principals involved in real estate acquisition and rental for investment, and those needing comprehensive wealth planning, administration, trusteeship, risk management, and asset protection and management services.

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AI Analysis | Feedback

The clear emerging threat for Greenpro Capital (GRNQ) is the accelerating trend of automation and the proliferation of AI-powered and integrated online "as-a-service" (XaaS) platforms in the financial consulting and corporate services industry.

Many of Greenpro Capital's core offerings, such as bookkeeping, tax planning, accounting outsourcing, company formation advisory, and company secretarial services, are increasingly susceptible to being automated by advanced software and artificial intelligence. These technologies can perform such tasks more efficiently, accurately, and at a significantly lower cost, thereby reducing the demand for human consultants and traditional service firms.

Furthermore, the rise of specialized online platforms that offer comprehensive, often subscription-based, "as-a-service" solutions for small and medium-size businesses (SMBs) across accounting, human resources, legal compliance, and business formation provides SMBs with cost-effective, integrated, and user-friendly alternatives. These platforms consolidate multiple functions and directly compete with, or even bypass, the need for intermediary consulting services like those provided by Greenpro Capital.

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Better Bets vs. Greenpro Capital (GRNQ)

Latest Trefis Analyses

Title
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Trade Ideas

Select ideas related to GRNQ.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026LZLegalZoom.comDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.2%7.2%-5.0%
ADP_2132026_Dip_Buyer_ValueBuy02132026ADPAutomatic Data ProcessingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.1%1.1%-3.0%
TREX_2132026_Dip_Buyer_ValueBuy02132026TREXTrexDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.2%-3.2%-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PCTYPaylocityDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-0.6%-0.6%-4.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GRNQRGPBGSFHGBLOXBRMedian
NameGreenpro.Resource.BGSF Heritage.Oxbridge. 
Mkt Price2.003.616.401.170.792.00
Mkt Cap0.00.10.10.00.00.0
Rev LTM350730650250
Op Inc LTM-1-1306--0
FCF LTM-1241-9-3-1
FCF 3Y Avg-134137-17
CFO LTM-1252-1-3-1
CFO 3Y Avg-1361510-110

Growth & Margins

GRNQRGPBGSFHGBLOXBRMedian
NameGreenpro.Resource.BGSF Heritage.Oxbridge. 
Rev Chg LTM14.0%-12.9%54.7%0.0%236.0%14.0%
Rev Chg 3Y Avg-5.7%-15.0%8.9%10.0%-8.6%-5.7%
Rev Chg Q-27.1%-19.2%-9.8%9.1%214.6%-9.8%
QoQ Delta Rev Chg LTM-4.5%-5.2%-0.9%1.9%22.2%-0.9%
Op Mgn LTM-39.6%-2.6%0.1%12.3%--1.3%
Op Mgn 3Y Avg-53.4%2.3%2.0%16.5%-2.1%
QoQ Delta Op Mgn LTM-3.2%-2.9%-0.1%-0.6%--1.8%
CFO/Rev LTM-43.4%5.0%0.5%-1.9%-122.2%-1.9%
CFO/Rev 3Y Avg-48.3%5.8%6.3%17.8%-6.0%
FCF/Rev LTM-43.4%4.8%0.3%-17.7%-122.2%-17.7%
FCF/Rev 3Y Avg-49.5%5.5%5.6%12.3%-5.6%

Valuation

GRNQRGPBGSFHGBLOXBRMedian
NameGreenpro.Resource.BGSF Heritage.Oxbridge. 
Mkt Cap0.00.10.10.00.00.0
P/S5.00.20.20.82.50.8
P/EBIT-12.2-9.1-971.34.6--10.6
P/E-12.0-0.9-6.313.1-1.9-1.9
P/CFO-11.44.742.8-42.5-2.0-2.0
Total Yield-8.3%-98.6%-15.9%7.6%-51.4%-15.9%
Dividend Yield0.0%11.6%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-15.2%11.4%19.3%5.1%-17.5%5.1%
D/E0.00.20.00.10.00.0
Net D/E-0.0-0.5-0.6-0.3-0.1-0.3

Returns

GRNQRGPBGSFHGBLOXBRMedian
NameGreenpro.Resource.BGSF Heritage.Oxbridge. 
1M Rtn10.8%-8.6%9.6%-12.0%-35.6%-8.6%
3M Rtn11.6%-29.0%43.2%-13.3%-44.3%-13.3%
6M Rtn40.2%-27.4%14.8%-38.1%-67.8%-27.4%
12M Rtn117.9%-43.1%151.7%-44.0%-71.5%-43.1%
3Y Rtn54.9%-76.3%-19.3%-58.2%-57.5%-57.5%
1M Excs Rtn13.2%-6.2%12.0%-9.6%-33.2%-6.2%
3M Excs Rtn14.3%-26.0%49.1%-11.1%-42.3%-11.1%
6M Excs Rtn58.8%-29.5%36.4%-39.6%-68.7%-29.5%
12M Excs Rtn95.7%-65.1%108.6%-65.3%-94.1%-65.1%
3Y Excs Rtn-31.5%-145.9%-101.9%-123.1%-129.0%-123.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Service business33324
Real estate business01000
Digital business0    
Corporate 0   
Total34324


Operating Income by Segment
$ Mil20242023202220212020
Real estate business0    
Digital business0    
Service business-2    
Total-2    


Assets by Segment
$ Mil20242023202220212020
Service business76956
Real estate business22222
Digital business0    
Corporate 81170
Total91623159


Price Behavior

Price Behavior
Market Price$2.00 
Market Cap ($ Bil)0.0 
First Trading Date06/13/2018 
Distance from 52W High-17.1% 
   50 Days200 Days
DMA Price$1.78$1.63
DMA Trendupup
Distance from DMA12.5%23.3%
 3M1YR
Volatility53.8%90.0%
Downside Capture-56.6638.18
Upside Capture4.46111.35
Correlation (SPY)8.3%1.0%
GRNQ Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.25-0.160.460.09-0.010.34
Up Beta0.02-0.25-1.08-2.96-0.510.03
Down Beta4.801.711.631.460.030.02
Up Capture8%-81%68%47%71%36%
Bmk +ve Days9203170142431
Stock +ve Days9213259119342
Down Capture113%-129%-1%4%35%90%
Bmk -ve Days12213054109320
Stock -ve Days9162560119373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRNQ
GRNQ93.0%88.5%1.14-
Sector ETF (XLI)28.0%19.2%1.161.3%
Equity (SPY)19.6%18.9%0.811.7%
Gold (GLD)71.9%26.3%2.055.5%
Commodities (DBC)19.3%17.3%0.894.4%
Real Estate (VNQ)6.2%16.3%0.194.6%
Bitcoin (BTCUSD)-15.0%44.2%-0.247.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRNQ
GRNQ-38.4%107.7%0.02-
Sector ETF (XLI)13.4%17.1%0.6214.1%
Equity (SPY)13.1%17.0%0.6113.7%
Gold (GLD)24.1%17.3%1.147.0%
Commodities (DBC)11.2%19.0%0.475.2%
Real Estate (VNQ)4.8%18.8%0.1611.3%
Bitcoin (BTCUSD)6.4%56.7%0.3320.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRNQ
GRNQ-38.4%169.0%0.25-
Sector ETF (XLI)13.8%19.8%0.6112.8%
Equity (SPY)14.5%17.9%0.7011.4%
Gold (GLD)14.4%15.6%0.773.7%
Commodities (DBC)8.6%17.6%0.404.5%
Real Estate (VNQ)5.6%20.7%0.239.5%
Bitcoin (BTCUSD)67.5%66.8%1.0713.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 21520268.6%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity7.7 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/13/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202404/09/202510-K
09/30/202411/13/202410-Q
06/30/202408/13/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/11/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/12/202210-Q
03/31/202205/10/202210-Q
12/31/202103/29/202210-K