CANOO INC (GOEV)
US13803R2013 - Common Stock
We assign a fundamental rating of 2 out of 10 to GOEV. GOEV was compared to 40 industry peers in the Automobiles industry. GOEV has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, GOEV is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
GOEV had negative earnings in the past year.
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
The Return On Assets of GOEV (-55.83%) is worse than 71.79% of its industry peers.
GOEV's Return On Equity of -121.25% is on the low side compared to the rest of the industry. GOEV is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -55.83% | ||
| ROE | -121.25% | ||
| ROIC | N/A |
ROA(3y)-73.45%
ROA(5y)-46.3%
ROE(3y)-142.73%
ROE(5y)-88.63%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GOEV's Gross Margin of 80.36% is amongst the best of the industry. GOEV outperforms 100.00% of its industry peers.
GOEV's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for GOEV so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 80.36% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.91%
GM growth 5YN/A
2. Health
2.1 Basic Checks
GOEV does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for GOEV has been reduced compared to 1 year ago.
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
GOEV has an Altman-Z score of -5.41. This is a bad value and indicates that GOEV is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -5.41, GOEV is doing worse than 74.36% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that GOEV is not too dependend on debt financing.
GOEV has a Debt to Equity ratio of 0.32. This is comparable to the rest of the industry: GOEV outperforms 56.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -5.41 |
ROIC/WACCN/A
WACC11.56%
2.3 Liquidity
A Current Ratio of 0.18 indicates that GOEV may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.18, GOEV is doing worse than 94.87% of the companies in the same industry.
GOEV has a Quick Ratio of 0.18. 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's Quick ratio of 0.14 is on the low side compared to the rest of the industry. GOEV is outperformed by 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
GOEV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -456.84%.
The Revenue for GOEV have been decreasing by -29.70% on average. This is quite bad
EPS 1Y (TTM)-456.84%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-268%
Revenue 1Y (TTM)N/A
Revenue growth 3Y-29.7%
Revenue growth 5YN/A
Revenue growth Q2QN/A
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 399.58% on average over the next years. This is a very strong growth
EPS Next Y22.6%
EPS Next 2Y32.04%
EPS Next 3Y23.11%
EPS Next 5Y15.36%
Revenue Next Year9763.56%
Revenue Next 2Y2294.06%
Revenue Next 3Y844.98%
Revenue Next 5Y399.58%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GOEV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for GOEV. No positive earnings are expected for the next year.
| 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
A more expensive valuation may be justified as GOEV's earnings are expected to grow with 23.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.04%
EPS Next 3Y23.11%
5. Dividend
5.1 Amount
No dividends for GOEV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CANOO INC
NASDAQ:GOEV (4/29/2024, 7:03:26 PM)
After market: 2.82 0 (0%)2.82
+0.05 (+1.81%)
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 Cap181.81M
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 | N/A | ||
| 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 | -55.83% | ||
| ROE | -121.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 80.36% | ||
| 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 | 0.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.14 | ||
| 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)
Growth
EPS 1Y (TTM)-456.84%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y22.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)N/A
Revenue growth 3Y-29.7%
Revenue growth 5Y
Revenue growth 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