VICINITY MOTOR CORP (VEV)
CA9256541058 - Common Stock
We assign a fundamental rating of 2 out of 10 to VEV. VEV was compared to 132 industry peers in the Machinery industry. VEV has a bad profitability rating. Also its financial health evaluation is rather negative. VEV is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VEV has reported negative net income.
VEV had a negative operating cash flow in the past year.
VEV had negative earnings in each of the past 5 years.
VEV had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
VEV's Return On Assets of -23.02% is on the low side compared to the rest of the industry. VEV is outperformed by 85.38% of its industry peers.
VEV's Return On Equity of -95.60% is on the low side compared to the rest of the industry. VEV is outperformed by 89.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -23.02% | ||
| ROE | -95.6% | ||
| ROIC | N/A |
ROA(3y)-22.86%
ROA(5y)-18.98%
ROE(3y)-49.53%
ROE(5y)-41.17%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Gross Margin value of 11.96%, VEV is not doing good in the industry: 89.23% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of VEV has declined.
The Profit Margin and Operating Margin are not available for VEV so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 11.96% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.24%
GM growth 5Y-8%
2. Health
2.1 Basic Checks
VEV does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for VEV has been increased compared to 1 year ago.
The number of shares outstanding for VEV has been increased compared to 5 years ago.
The debt/assets ratio for VEV is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -1.20, we must say that VEV is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VEV (-1.20) is worse than 84.62% of its industry peers.
A Debt/Equity ratio of 1.09 is on the high side and indicates that VEV has dependencies on debt financing.
VEV has a Debt to Equity ratio of 1.09. This is amonst the worse of the industry: VEV underperforms 85.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -1.2 |
ROIC/WACCN/A
WACC7.92%
2.3 Liquidity
A Current Ratio of 0.90 indicates that VEV may have some problems paying its short term obligations.
VEV has a Current ratio of 0.90. This is amonst the worse of the industry: VEV underperforms 95.38% of its industry peers.
A Quick Ratio of 0.33 indicates that VEV may have some problems paying its short term obligations.
VEV has a Quick ratio of 0.33. This is amonst the worse of the industry: VEV underperforms 95.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.88% over the past year.
The Revenue has grown by 65.17% in the past year. This is a very strong growth!
Measured over the past years, VEV shows a very negative growth in Revenue. The Revenue has been decreasing by -18.22% on average per year.
EPS 1Y (TTM)19.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-116%
Revenue 1Y (TTM)65.17%
Revenue growth 3Y9.52%
Revenue growth 5Y-18.22%
Sales Q2Q%399.25%
3.2 Future
Based on estimates for the next years, VEV will show a very strong growth in Earnings Per Share. The EPS will grow by 59.24% on average per year.
Based on estimates for the next years, VEV will show a very strong growth in Revenue. The Revenue will grow by 72.73% on average per year.
EPS Next Y-13.42%
EPS Next 2Y59.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year368.6%
Revenue Next 2Y72.73%
Revenue Next 3YN/A
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for VEV. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 0.70 indicates a rather cheap valuation of VEV.
Based on the Price/Forward Earnings ratio, VEV is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
VEV is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 0.7 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as VEV's earnings are expected to grow with 59.24% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y59.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VEV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
VICINITY MOTOR CORP
NASDAQ:VEV (9/17/2024, 8:00:02 PM)
After market: 0.1215 -0.01 (-4.93%)0.1278
+0.01 (+6.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.45M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
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 | 0.7 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
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 | -23.02% | ||
| ROE | -95.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 11.96% | ||
| 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 Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.33 | ||
| 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)19.88%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-13.42%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)65.17%
Revenue growth 3Y9.52%
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