Fundamental Analysis of CANOO INC(NASDAQ:GOEV) stock

Fundamental Rating

We assign a fundamental rating of 1 out of 10 to GOEV. GOEV was compared to 41 industry peers in the Automobiles industry. GOEV may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, GOEV is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

In the past year GOEV has reported negative net income.

In the past year GOEV has reported a negative cash flow from operations.

GOEV had negative earnings in 4 of the past 5 years.

GOEV had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -47.60%, GOEV is doing worse than 75.61% of the companies in the same industry.

The Return On Equity of GOEV (-131.74%) is worse than 70.73% of its industry peers.

		Industry Rank	Sector Rank
ROA	-47.6%
ROE	-131.74%
ROIC	N/A

ROA(3y)-73.45%

ROA(5y)-46.3%

ROE(3y)-142.74%

ROE(5y)-88.63%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for GOEV so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

GOEV does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, GOEV has more shares outstanding

GOEV has more shares outstanding than it did 5 years ago.

Compared to 1 year ago, GOEV has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of -5.71, we must say that GOEV is in the distress zone and has some risk of bankruptcy.

GOEV has a worse Altman-Z score (-5.71) than 75.61% of its industry peers.

GOEV has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.

Looking at the Debt to Equity ratio, with a value of 0.39, GOEV is in line with its industry, outperforming 48.78% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.39
Debt/FCF	N/A
Altman-Z	-5.71

ROIC/WACCN/A

WACC8.94%

2.3 Liquidity

GOEV has a Current Ratio of 0.17. This is a bad value and indicates that GOEV is not financially healthy enough and could expect problems in meeting its short term obligations.

Looking at the Current ratio, with a value of 0.17, GOEV is doing worse than 95.12% of the companies in the same industry.

GOEV has a Quick Ratio of 0.17. This is a bad value and indicates that GOEV is not financially healthy enough and could expect problems in meeting its short term obligations.

GOEV has a Quick ratio of 0.12. This is amonst the worse of the industry: GOEV underperforms 95.12% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.17
Quick Ratio	0.12

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

GOEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 72.29%, which is quite impressive.

Measured over the past years, GOEV shows a very negative growth in Revenue. The Revenue has been decreasing by -29.70% on average per year.

EPS 1Y (TTM)72.29%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%60.87%

Revenue 1Y (TTM)N/A

Revenue growth 3Y-29.7%

Revenue growth 5YN/A

Sales Q2Q%71.48%

3.2 Future

Based on estimates for the next years, GOEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.36% on average per year.

The Revenue is expected to grow by 338.60% on average over the next years. This is a very strong growth

EPS Next Y68.12%

EPS Next 2Y33.45%

EPS Next 3Y24.21%

EPS Next 5Y15.36%

Revenue Next Year2066.01%

Revenue Next 2Y1455.04%

Revenue Next 3Y676.22%

Revenue Next 5Y338.6%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for GOEV. In the last year negative earnings were reported.

Also next year GOEV is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

GOEV's earnings are expected to grow with 24.21% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y33.45%

EPS Next 3Y24.21%

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5. Dividend

5.1 Amount

No dividends for GOEV!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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CANOO INC

NASDAQ:GOEV (11/18/2024, 8:00:01 PM)

Premarket: 0.4861 0 (0%)

0.4861

-0.02 (-3.42%)

Chartmill FA Rating

GICS SectorConsumer Discretionary

GICS IndustryGroupAutomobiles & Components

GICS IndustryAutomobiles

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap41.62M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-47.6%
ROE	-131.74%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0

Health

		Industry Rank	Sector Rank
Debt/Equity	0.39
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	0.17
Quick Ratio	0.12
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)72.29%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y68.12%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)N/A

Revenue growth 3Y-29.7%

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

CANOO INC (GOEV)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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