WallStSmart

Greenlane Holdings Inc (GNLN)vsRLX Technology Inc (RLX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

RLX Technology Inc generates 131228% more annual revenue ($4.38B vs $3.33M). RLX leads profitability with a 22.5% profit margin vs 0.0%. RLX earns a higher WallStSmart Score of 68/100 (B-).

GNLN

Avoid

33

out of 100

Grade: F

Growth: 2.7Profit: 2.5Value: 6.7Quality: 5.3
Piotroski: 2/9Altman Z: -4.33

RLX

Strong Buy

68

out of 100

Grade: B-

Growth: 6.7Profit: 6.0Value: 5.3Quality: 7.8
Piotroski: 5/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GNLNUndervalued (+39.5%)

Margin of Safety

+39.5%

Fair Value

$1.52

Current Price

$3.30

$1.78 discount

UndervaluedFair: $1.52Overvalued

Intrinsic value data unavailable for RLX.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GNLN1 strengths · Avg: 10.0/10
Price/BookValuation
0.0x10/10

Reasonable price relative to book value

RLX5 strengths · Avg: 9.4/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
107.4%10/10

Revenue surging 107.4% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Profit MarginProfitability
22.5%9/10

Keeps 23 of every $100 in revenue as profit

EPS GrowthGrowth
27.1%8/10

Earnings expanding 27.1% YoY

Areas to Watch

GNLN4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$1.81M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

RLX1 concerns · Avg: 3.0/10
Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : GNLN

The strongest argument for GNLN centers on Price/Book.

Bull Case : RLX

The strongest argument for RLX centers on Price/Book, Revenue Growth, Debt/Equity. Profitability is solid with margins at 22.5% and operating margin at 16.7%. Revenue growth of 107.4% demonstrates continued momentum.

Bear Case : GNLN

The primary concerns for GNLN are EPS Growth, Market Cap, Profit Margin.

Bear Case : RLX

The primary concerns for RLX are Return on Equity.

Key Dynamics to Monitor

GNLN profiles as a value stock while RLX is a growth play — different risk/reward profiles.

GNLN carries more volatility with a beta of 1.87 — expect wider price swings.

RLX is growing revenue faster at 107.4% — sustainability is the question.

RLX generates stronger free cash flow (192M), providing more financial flexibility.

Bottom Line

RLX scores higher overall (68/100 vs 33/100), backed by strong 22.5% margins and 107.4% revenue growth. GNLN offers better value entry with a 39.5% margin of safety. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Greenlane Holdings Inc

CONSUMER DEFENSIVE · TOBACCO · USA

Greenlane Holdings, Inc. sells cannabis accessories, child-resistant packaging, and specialty vaporization products in the United States, Canada, Europe, Australia, and South America. The company is headquartered in Boca Raton, Florida.

RLX Technology Inc

CONSUMER DEFENSIVE · TOBACCO · China

RLX Technology Inc., researches, develops, manufactures, distributes and sells e-vapor products in the People's Republic of China. The company is headquartered in Beijing, China.

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