VICINITY MOTOR CORP (VEV)

CA9256541058 - Common Stock

0.0201  -0.03 (-58.3%)

After market: 0.01 -0.01 (-50.25%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to VEV. VEV was compared to 132 industry peers in the Machinery industry. VEV may be in some trouble as it scores bad on both profitability and health. VEV is valied quite expensively at the moment, while it does show a decent growth rate.



Quickly go to:

0

1. Profitability

1.1 Basic Checks

VEV had negative earnings in the past year.
In the past year VEV has reported a negative cash flow from operations.
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

The Return On Assets of VEV (-23.02%) is worse than 85.16% of its industry peers.
VEV has a Return On Equity of -95.60%. This is amonst the worse of the industry: VEV underperforms 88.28% of its industry peers.
Industry RankSector 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

VEV has a Gross Margin of 11.96%. This is amonst the worse of the industry: VEV underperforms 89.84% of its industry peers.
VEV's Gross Margin has declined in the last couple of years.
VEV does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector 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%

More info and screens

0

2. Health

2.1 Basic Checks

VEV does not have a ROIC to compare to the WACC, probably because it is not profitable.
VEV has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VEV has more shares outstanding
The debt/assets ratio for VEV is higher compared to a year ago.

2.2 Solvency

VEV has an Altman-Z score of -1.25. This is a bad value and indicates that VEV is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of VEV (-1.25) is worse than 84.38% 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's Debt to Equity ratio of 1.09 is on the low side compared to the rest of the industry. VEV is outperformed by 84.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Altman-Z -1.25
ROIC/WACCN/A
WACC6.33%

2.3 Liquidity

A Current Ratio of 0.90 indicates that VEV may have some problems paying its short term obligations.
VEV has a worse Current ratio (0.90) than 94.53% of its industry peers.
A Quick Ratio of 0.33 indicates that VEV may have some problems paying its short term obligations.
The Quick ratio of VEV (0.33) is worse than 94.53% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.33

More info and screens

5

3. Growth

3.1 Past

VEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.88%, which is quite good.
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

VEV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 59.24% yearly.
VEV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 72.73% yearly.
EPS Next Y-24.01%
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

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

More info and screens

3

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 0.11 indicates a rather cheap valuation of VEV.
100.00% of the companies in the same industry are more expensive than VEV, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, VEV is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 0.11

4.2 Price Multiples

Industry RankSector 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

More info and screens

0

5. Dividend

5.1 Amount

No dividends for VEV!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

VICINITY MOTOR CORP

NASDAQ:VEV (10/30/2024, 8:00:02 PM)

After market: 0.01 -0.01 (-50.25%)

0.0201

-0.03 (-58.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)08-28 2024-08-28/amc
Earnings (Next)11-27 2024-11-27/amc
Inst Owners1.21%
Inst Owner Change336.01%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01M
Analysts37.5
Price Target0.81 (3929.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.24%
Min EPS beat(2)-55.33%
Max EPS beat(2)-43.15%
EPS beat(4)1
Avg EPS beat(4)-21.19%
Min EPS beat(4)-61.81%
Max EPS beat(4)75.52%
EPS beat(8)3
Avg EPS beat(8)-170.16%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-76.95%
Min Revenue beat(2)-77.9%
Max Revenue beat(2)-76.01%
Revenue beat(4)0
Avg Revenue beat(4)-64.03%
Min Revenue beat(4)-77.9%
Max Revenue beat(4)-42.98%
Revenue beat(8)1
Avg Revenue beat(8)-55.47%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)7.97%
PT rev (3m)-47.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-9.34%
EPS NY rev (3m)-103.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 0.11
P/S 0.03
P/FCF N/A
P/OCF N/A
P/B 0.05
P/tB 0.11
EV/EBITDA N/A
EPS(TTM)-0.4
EYN/A
EPS(NY)0.18
Fwd EY909.12%
FCF(TTM)-0.46
FCFYN/A
OCF(TTM)-0.41
OCFYN/A
SpS0.59
BVpS0.37
TBVpS0.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -23.02%
ROE -95.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.96%
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score3
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 152.32%
Cap/Sales 8.19%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.33
Altman-Z -1.25
F-Score3
WACC6.33%
ROIC/WACCN/A
Cap/Depr(3y)836.65%
Cap/Depr(5y)541.15%
Cap/Sales(3y)44.7%
Cap/Sales(5y)28.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-116%
EPS Next Y-24.01%
EPS Next 2Y59.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)65.17%
Revenue growth 3Y9.52%
Revenue growth 5Y-18.22%
Sales Q2Q%399.25%
Revenue Next Year368.6%
Revenue Next 2Y72.73%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year448.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-289.64%
OCF growth 3YN/A
OCF growth 5YN/A