ELECTROVAYA INC (ELVA.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:ELVA • CA28617B6061

11.21 CAD
-1.35 (-10.75%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

6

Taking everything into account, ELVA scores 6 out of 10 in our fundamental rating. ELVA was compared to 14 industry peers in the Electrical Equipment industry. ELVA has only an average score on both its financial health and profitability. ELVA is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes ELVA very considerable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ELVA was profitable.
  • ELVA had a positive operating cash flow in the past year.
  • In the past 5 years ELVA reported 4 times negative net income.
  • In multiple years ELVA reported negative operating cash flow during the last 5 years.
ELVA.CA Yearly Net Income VS EBIT VS OCF VS FCFELVA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5M -5M -10M -15M -20M

1.2 Ratios

  • The Return On Assets of ELVA (5.26%) is better than 85.71% of its industry peers.
  • ELVA's Return On Equity of 10.80% is amongst the best of the industry. ELVA outperforms 85.71% of its industry peers.
  • ELVA has a Return On Invested Capital of 7.29%. This is amongst the best in the industry. ELVA outperforms 85.71% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELVA is significantly below the industry average of 12.87%.
  • The 3 year average ROIC (3.51%) for ELVA is below the current ROIC(7.29%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.26%
ROE 10.8%
ROIC 7.29%
ROA(3y)-0.85%
ROA(5y)-17.81%
ROE(3y)-9.06%
ROE(5y)N/A
ROIC(3y)3.51%
ROIC(5y)N/A
ELVA.CA Yearly ROA, ROE, ROICELVA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500 1K 1.5K

1.3 Margins

  • The Profit Margin of ELVA (5.27%) is better than 85.71% of its industry peers.
  • In the last couple of years the Profit Margin of ELVA has declined.
  • The Operating Margin of ELVA (8.54%) is better than 85.71% of its industry peers.
  • The Gross Margin of ELVA (30.90%) is better than 78.57% of its industry peers.
  • In the last couple of years the Gross Margin of ELVA has declined.
Industry RankSector Rank
OM 8.54%
PM (TTM) 5.27%
GM 30.9%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-7.16%
GM growth 3Y7.13%
GM growth 5Y-1.86%
ELVA.CA Yearly Profit, Operating, Gross MarginsELVA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELVA is destroying value.
  • ELVA has more shares outstanding than it did 1 year ago.
  • ELVA has more shares outstanding than it did 5 years ago.
  • ELVA has a better debt/assets ratio than last year.
ELVA.CA Yearly Shares OutstandingELVA.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
ELVA.CA Yearly Total Debt VS Total AssetsELVA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

2.2 Solvency

  • An Altman-Z score of 6.04 indicates that ELVA is not in any danger for bankruptcy at the moment.
  • ELVA has a Altman-Z score (6.04) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.72 indicates that ELVA is somewhat dependend on debt financing.
  • ELVA has a Debt to Equity ratio of 0.72. This is in the lower half of the industry: ELVA underperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 6.04
ROIC/WACC0.91
WACC7.99%
ELVA.CA Yearly LT Debt VS Equity VS FCFELVA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M -10M 20M 30M

2.3 Liquidity

  • A Current Ratio of 4.16 indicates that ELVA has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 4.16, ELVA is doing good in the industry, outperforming 78.57% of the companies in the same industry.
  • A Quick Ratio of 2.93 indicates that ELVA has no problem at all paying its short term obligations.
  • ELVA has a Quick ratio of 2.93. This is in the better half of the industry: ELVA outperforms 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 4.16
Quick Ratio 2.93
ELVA.CA Yearly Current Assets VS Current LiabilitesELVA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 400.00% over the past year.
  • The Earnings Per Share has been growing by 10.21% on average over the past years. This is quite good.
  • ELVA shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.06%.
  • The Revenue has been growing by 34.45% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)400%
EPS 3YN/A
EPS 5Y10.21%
EPS Q2Q%N/A
Revenue 1Y (TTM)43.06%
Revenue growth 3Y47.67%
Revenue growth 5Y34.45%
Sales Q2Q%77.46%

3.2 Future

  • The Earnings Per Share is expected to grow by 60.85% on average over the next years. This is a very strong growth
  • ELVA is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 33.86% yearly.
EPS Next Y66.23%
EPS Next 2Y89.44%
EPS Next 3Y89.45%
EPS Next 5Y60.85%
Revenue Next Year36.99%
Revenue Next 2Y43.27%
Revenue Next 3Y44.62%
Revenue Next 5Y33.86%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ELVA.CA Yearly Revenue VS EstimatesELVA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 100M 200M 300M 400M
ELVA.CA Yearly EPS VS EstimatesELVA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2019 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 0.5 -0.5 1 -1 1.5

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 93.42, which means the current valuation is very expensive for ELVA.
  • Based on the Price/Earnings ratio, ELVA is valued cheaper than 85.71% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. ELVA is valued rather expensively when compared to this.
  • Based on the Price/Forward Earnings ratio of 54.76, the valuation of ELVA can be described as expensive.
  • 64.29% of the companies in the same industry are more expensive than ELVA, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of ELVA to the average of the S&P500 Index (27.20), we can say ELVA is valued expensively.
Industry RankSector Rank
PE 93.42
Fwd PE 54.76
ELVA.CA Price Earnings VS Forward Price EarningsELVA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • ELVA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ELVA is cheaper than 85.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 56.39
ELVA.CA Per share dataELVA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

  • ELVA's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ELVA has a very decent profitability rating, which may justify a higher PE ratio.
  • ELVA's earnings are expected to grow with 89.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.41
PEG (5Y)9.15
EPS Next 2Y89.44%
EPS Next 3Y89.45%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • ELVA does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ELECTROVAYA INC

TSX:ELVA (2/5/2026, 7:00:00 PM)

11.21

-1.35 (-10.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)12-10
Earnings (Next)02-16
Inst Owners12.75%
Inst Owner ChangeN/A
Ins Owners29.53%
Ins Owner ChangeN/A
Market Cap510.17M
Revenue(TTM)63.83M
Net Income(TTM)3.36M
Analysts82
Price Target8.93 (-20.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.53%
Min EPS beat(2)-28.7%
Max EPS beat(2)17.65%
EPS beat(4)2
Avg EPS beat(4)-4.55%
Min EPS beat(4)-28.7%
Max EPS beat(4)21.57%
EPS beat(8)4
Avg EPS beat(8)-13.91%
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)-1.71%
Min Revenue beat(2)-2.68%
Max Revenue beat(2)-0.75%
Revenue beat(4)0
Avg Revenue beat(4)-5.2%
Min Revenue beat(4)-9.7%
Max Revenue beat(4)-0.75%
Revenue beat(8)0
Avg Revenue beat(8)-13.83%
Revenue beat(12)1
Avg Revenue beat(12)-11.34%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.94%
PT rev (3m)20.56%
EPS NQ rev (1m)-16.67%
EPS NQ rev (3m)25%
EPS NY rev (1m)-15.38%
EPS NY rev (3m)-32.57%
Revenue NQ rev (1m)-0.78%
Revenue NQ rev (3m)-5.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.22%
Valuation
Industry RankSector Rank
PE 93.42
Fwd PE 54.76
P/S 5.84
P/FCF N/A
P/OCF 217.14
P/B 11.98
P/tB 11.98
EV/EBITDA 56.39
EPS(TTM)0.12
EY1.07%
EPS(NY)0.2
Fwd EY1.83%
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)0.05
OCFY0.46%
SpS1.92
BVpS0.94
TBVpS0.94
PEG (NY)1.41
PEG (5Y)9.15
Graham Number1.59
Profitability
Industry RankSector Rank
ROA 5.26%
ROE 10.8%
ROCE 10.12%
ROIC 7.29%
ROICexc 8.26%
ROICexgc 8.26%
OM 8.54%
PM (TTM) 5.27%
GM 30.9%
FCFM N/A
ROA(3y)-0.85%
ROA(5y)-17.81%
ROE(3y)-9.06%
ROE(5y)N/A
ROIC(3y)3.51%
ROIC(5y)N/A
ROICexc(3y)3.88%
ROICexc(5y)N/A
ROICexgc(3y)3.88%
ROICexgc(5y)N/A
ROCE(3y)7.38%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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 5Y-7.16%
GM growth 3Y7.13%
GM growth 5Y-1.86%
F-Score5
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA 3.26
Cap/Depr 317.13%
Cap/Sales 7.22%
Interest Coverage 2.57
Cash Conversion 24.87%
Profit Quality N/A
Current Ratio 4.16
Quick Ratio 2.93
Altman-Z 6.04
F-Score5
WACC7.99%
ROIC/WACC0.91
Cap/Depr(3y)127.71%
Cap/Depr(5y)114.13%
Cap/Sales(3y)2.88%
Cap/Sales(5y)2.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)400%
EPS 3YN/A
EPS 5Y10.21%
EPS Q2Q%N/A
EPS Next Y66.23%
EPS Next 2Y89.44%
EPS Next 3Y89.45%
EPS Next 5Y60.85%
Revenue 1Y (TTM)43.06%
Revenue growth 3Y47.67%
Revenue growth 5Y34.45%
Sales Q2Q%77.46%
Revenue Next Year36.99%
Revenue Next 2Y43.27%
Revenue Next 3Y44.62%
Revenue Next 5Y33.86%
EBIT growth 1Y176.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year161.77%
EBIT Next 3Y94.3%
EBIT Next 5YN/A
FCF growth 1Y-416.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y65.41%
OCF growth 3YN/A
OCF growth 5YN/A

ELECTROVAYA INC / ELVA.CA FAQ

What is the ChartMill fundamental rating of ELECTROVAYA INC (ELVA.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to ELVA.CA.


What is the valuation status for ELVA stock?

ChartMill assigns a valuation rating of 4 / 10 to ELECTROVAYA INC (ELVA.CA). This can be considered as Fairly Valued.


How profitable is ELECTROVAYA INC (ELVA.CA) stock?

ELECTROVAYA INC (ELVA.CA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for ELVA stock?

The Price/Earnings (PE) ratio for ELECTROVAYA INC (ELVA.CA) is 93.42 and the Price/Book (PB) ratio is 11.98.


What is the financial health of ELECTROVAYA INC (ELVA.CA) stock?

The financial health rating of ELECTROVAYA INC (ELVA.CA) is 5 / 10.