Logo image of ELVA

ELECTROVAYA INC (ELVA) Stock Fundamental Analysis

NASDAQ:ELVA - CA28617B6061 - Common Stock

4.72 USD
+0.2 (+4.42%)
Last: 8/22/2025, 8:04:45 PM
Fundamental Rating

4

ELVA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 93 industry peers in the Electrical Equipment industry. While ELVA seems to be doing ok healthwise, there are quite some concerns on its profitability. ELVA is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year ELVA was profitable.
ELVA had a negative operating cash flow in the past year.
In the past 5 years ELVA reported 4 times negative net income.
In the past 5 years ELVA reported 4 times negative operating cash flow.
ELVA Yearly Net Income VS EBIT VS OCF VS FCFELVA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M -20M

1.2 Ratios

With a decent Return On Assets value of 2.23%, ELVA is doing good in the industry, outperforming 75.27% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.38%, ELVA is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
ELVA's Return On Invested Capital of 6.55% is fine compared to the rest of the industry. ELVA outperforms 76.34% of its industry peers.
Industry RankSector Rank
ROA 2.23%
ROE 5.38%
ROIC 6.55%
ROA(3y)-14.68%
ROA(5y)-16.77%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ELVA Yearly ROA, ROE, ROICELVA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

The Profit Margin of ELVA (2.19%) is better than 72.04% of its industry peers.
ELVA has a Operating Margin of 6.56%. This is in the better half of the industry: ELVA outperforms 76.34% of its industry peers.
ELVA has a Gross Margin of 29.77%. This is in the better half of the industry: ELVA outperforms 66.67% of its industry peers.
ELVA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.56%
PM (TTM) 2.19%
GM 29.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.22%
GM growth 5Y-5.01%
ELVA Yearly Profit, Operating, Gross MarginsELVA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600 -800

4

2. Health

2.1 Basic Checks

ELVA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ELVA has more shares outstanding
ELVA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ELVA has a worse debt to assets ratio.
ELVA Yearly Shares OutstandingELVA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
ELVA Yearly Total Debt VS Total AssetsELVA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

2.2 Solvency

An Altman-Z score of 2.35 indicates that ELVA is not a great score, but indicates only limited risk for bankruptcy at the moment.
ELVA's Altman-Z score of 2.35 is fine compared to the rest of the industry. ELVA outperforms 61.29% of its industry peers.
ELVA has a Debt/Equity ratio of 0.91. This is a neutral value indicating ELVA is somewhat dependend on debt financing.
The Debt to Equity ratio of ELVA (0.91) is worse than 63.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Altman-Z 2.35
ROIC/WACC0.8
WACC8.19%
ELVA Yearly LT Debt VS Equity VS FCFELVA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M

2.3 Liquidity

A Current Ratio of 4.03 indicates that ELVA has no problem at all paying its short term obligations.
The Current ratio of ELVA (4.03) is better than 83.87% of its industry peers.
ELVA has a Quick Ratio of 2.88. This indicates that ELVA is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of ELVA (2.88) is better than 82.80% of its industry peers.
Industry RankSector Rank
Current Ratio 4.03
Quick Ratio 2.88
ELVA Yearly Current Assets VS Current LiabilitesELVA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

8

3. Growth

3.1 Past

ELVA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 400.00%, which is quite impressive.
Looking at the last year, ELVA shows a quite strong growth in Revenue. The Revenue has grown by 13.50% in the last year.
Measured over the past years, ELVA shows a very strong growth in Revenue. The Revenue has been growing by 55.61% on average per year.
EPS 1Y (TTM)400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
Revenue 1Y (TTM)13.5%
Revenue growth 3Y56.77%
Revenue growth 5Y55.61%
Sales Q2Q%66.76%

3.2 Future

ELVA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 99.04% yearly.
The Revenue is expected to grow by 38.65% on average over the next years. This is a very strong growth
EPS Next Y346.5%
EPS Next 2Y236.9%
EPS Next 3Y153.45%
EPS Next 5Y99.04%
Revenue Next Year42.39%
Revenue Next 2Y47.04%
Revenue Next 3Y44.4%
Revenue Next 5Y38.65%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ELVA Yearly Revenue VS EstimatesELVA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 100M 200M 300M
ELVA Yearly EPS VS EstimatesELVA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2019 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.5 -0.5 1 -1 1.5

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 157.33, ELVA can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ELVA is valued a bit cheaper than 64.52% of the companies in the same industry.
ELVA's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.24.
A Price/Forward Earnings ratio of 16.83 indicates a correct valuation of ELVA.
ELVA's Price/Forward Earnings ratio is rather cheap when compared to the industry. ELVA is cheaper than 87.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.81. ELVA is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 157.33
Fwd PE 16.83
ELVA Price Earnings VS Forward Price EarningsELVA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELVA indicates a somewhat cheap valuation: ELVA is cheaper than 68.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 42.22
ELVA Per share dataELVA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ELVA's earnings are expected to grow with 153.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y236.9%
EPS Next 3Y153.45%

0

5. Dividend

5.1 Amount

ELVA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

ELECTROVAYA INC

NASDAQ:ELVA (8/22/2025, 8:04:45 PM)

4.72

+0.2 (+4.42%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-13 2025-08-13/amc
Earnings (Next)12-10 2025-12-10/amc
Inst Owners12.96%
Inst Owner ChangeN/A
Ins Owners34.08%
Ins Owner ChangeN/A
Market Cap189.32M
Analysts82
Price Target4.38 (-7.2%)
Short Float %0.56%
Short Ratio0.84
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-28.7%
Min EPS beat(2)-28.7%
Max EPS beat(2)-28.7%
EPS beat(4)2
Avg EPS beat(4)16.04%
Min EPS beat(4)-28.7%
Max EPS beat(4)100%
EPS beat(8)4
Avg EPS beat(8)8.13%
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)-5.18%
Min Revenue beat(2)-7.69%
Max Revenue beat(2)-2.68%
Revenue beat(4)0
Avg Revenue beat(4)-6.41%
Min Revenue beat(4)-9.7%
Max Revenue beat(4)-2.68%
Revenue beat(8)1
Avg Revenue beat(8)-12.2%
Revenue beat(12)1
Avg Revenue beat(12)-12.16%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.51%
PT rev (3m)6.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15%
EPS NY rev (1m)-40.82%
EPS NY rev (3m)-40.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.66%
Revenue NY rev (1m)-5.54%
Revenue NY rev (3m)-5.54%
Valuation
Industry RankSector Rank
PE 157.33
Fwd PE 16.83
P/S 3.45
P/FCF N/A
P/OCF N/A
P/B 8.48
P/tB 8.48
EV/EBITDA 42.22
EPS(TTM)0.03
EY0.64%
EPS(NY)0.28
Fwd EY5.94%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)-0.11
OCFYN/A
SpS1.37
BVpS0.56
TBVpS0.56
PEG (NY)0.45
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.23%
ROE 5.38%
ROCE 8.29%
ROIC 6.55%
ROICexc 6.75%
ROICexgc 6.75%
OM 6.56%
PM (TTM) 2.19%
GM 29.77%
FCFM N/A
ROA(3y)-14.68%
ROA(5y)-16.77%
ROE(3y)N/A
ROE(5y)N/A
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-3.22%
GM growth 5Y-5.01%
F-Score3
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Debt/EBITDA 4.13
Cap/Depr 180.05%
Cap/Sales 4.42%
Interest Coverage 2.09
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.03
Quick Ratio 2.88
Altman-Z 2.35
F-Score3
WACC8.19%
ROIC/WACC0.8
Cap/Depr(3y)26.17%
Cap/Depr(5y)54.51%
Cap/Sales(3y)0.56%
Cap/Sales(5y)1.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
EPS Next Y346.5%
EPS Next 2Y236.9%
EPS Next 3Y153.45%
EPS Next 5Y99.04%
Revenue 1Y (TTM)13.5%
Revenue growth 3Y56.77%
Revenue growth 5Y55.61%
Sales Q2Q%66.76%
Revenue Next Year42.39%
Revenue Next 2Y47.04%
Revenue Next 3Y44.4%
Revenue Next 5Y38.65%
EBIT growth 1Y70.6%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year207.85%
EBIT Next 3Y117.24%
EBIT Next 5YN/A
FCF growth 1Y40.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.42%
OCF growth 3YN/A
OCF growth 5YN/A