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CANOO INC (GOEV) Stock Fundamental Analysis

NASDAQ:GOEV - US13803R2013 - Common Stock

0.37 USD
-0.04 (-9.6%)
Last: 1/28/2025, 9:57:18 PM
0.3441 USD
-0.03 (-7%)
After Hours: 1/28/2025, 9:57:18 PM
Fundamental Rating

2

Overall GOEV gets a fundamental rating of 2 out of 10. We evaluated GOEV against 37 industry peers in the Automobiles industry. Both the profitability and financial health of GOEV have multiple concerns. While showing a medium growth rate, GOEV is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

GOEV had negative earnings in the past year.
GOEV had a negative operating cash flow in the past year.
In the past 5 years GOEV reported 4 times negative net income.
GOEV had a negative operating cash flow in each of the past 5 years.
GOEV Yearly Net Income VS EBIT VS OCF VS FCFGOEV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M -400M -500M

1.2 Ratios

GOEV's Return On Assets of -27.63% is on the low side compared to the rest of the industry. GOEV is outperformed by 66.67% of its industry peers.
GOEV has a Return On Equity (-65.15%) which is in line with its industry peers.
Industry RankSector Rank
ROA -27.63%
ROE -65.15%
ROIC N/A
ROA(3y)-73.45%
ROA(5y)-46.3%
ROE(3y)-142.74%
ROE(5y)-88.63%
ROIC(3y)N/A
ROIC(5y)N/A
GOEV Yearly ROA, ROE, ROICGOEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -50 -100 -150 -200

1.3 Margins

GOEV has a Gross Margin (9.50%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of GOEV has grown nicely.
The Profit Margin and Operating Margin are not available for GOEV so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 9.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.91%
GM growth 5YN/A
GOEV Yearly Profit, Operating, Gross MarginsGOEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 -10K -20K -30K

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1

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 increased compared to 1 year ago.
Compared to 5 years ago, GOEV has more shares outstanding
The debt/assets ratio for GOEV is higher compared to a year ago.
GOEV Yearly Shares OutstandingGOEV Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M
GOEV Yearly Total Debt VS Total AssetsGOEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of -5.98, we must say that GOEV is in the distress zone and has some risk of bankruptcy.
GOEV has a Altman-Z score of -5.98. This is in the lower half of the industry: GOEV underperforms 71.79% of its industry peers.
GOEV has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.32, GOEV is in line with its industry, outperforming 58.97% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF N/A
Altman-Z -5.98
ROIC/WACCN/A
WACC4.96%
GOEV Yearly LT Debt VS Equity VS FCFGOEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M

2.3 Liquidity

A Current Ratio of 0.14 indicates that GOEV may have some problems paying its short term obligations.
GOEV's Current ratio of 0.14 is on the low side compared to the rest of the industry. GOEV is outperformed by 94.87% of its industry peers.
A Quick Ratio of 0.09 indicates that GOEV may have some problems paying its short term obligations.
GOEV has a Quick ratio of 0.09. This is amonst the worse of the industry: GOEV underperforms 94.87% of its industry peers.
Industry RankSector Rank
Current Ratio 0.14
Quick Ratio 0.09
GOEV Yearly Current Assets VS Current LiabilitesGOEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 200M 400M 600M

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5

3. Growth

3.1 Past

GOEV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -268.07%.
GOEV shows a strong growth in Revenue. In the last year, the Revenue has grown by 258.96%.
Measured over the past years, GOEV shows a very negative growth in Revenue. The Revenue has been decreasing by -29.70% on average per year.
EPS 1Y (TTM)-268.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%128.99%
Revenue 1Y (TTM)258.96%
Revenue growth 3Y-29.7%
Revenue growth 5YN/A
Sales Q2Q%71.68%

3.2 Future

GOEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.36% yearly.
The Revenue is expected to grow by 221.58% on average over the next years. This is a very strong growth
EPS Next Y78.53%
EPS Next 2Y36.19%
EPS Next 3Y24.7%
EPS Next 5Y15.36%
Revenue Next Year117.11%
Revenue Next 2Y132.16%
Revenue Next 3Y504.98%
Revenue Next 5Y221.58%

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.
GOEV Yearly Revenue VS EstimatesGOEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B 2B
GOEV Yearly EPS VS EstimatesGOEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -200 -400 -600 -800 -1K

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1

4. Valuation

4.1 Price/Earnings Ratio

GOEV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year GOEV is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
GOEV Price Earnings VS Forward Price EarningsGOEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
GOEV Per share dataGOEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -20 -40

4.3 Compensation for Growth

A more expensive valuation may be justified as GOEV's earnings are expected to grow with 24.70% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.19%
EPS Next 3Y24.7%

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0

5. Dividend

5.1 Amount

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

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CANOO INC

NASDAQ:GOEV (1/28/2025, 9:57:18 PM)

After market: 0.3441 -0.03 (-7%)

0.37

-0.04 (-9.6%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-13 2024-11-13/amc
Earnings (Next)N/A N/A
Inst Owners23.61%
Inst Owner Change-18.74%
Ins Owners3.23%
Ins Owner Change0%
Market Cap5.36M
Analysts82.86
Price Target102 (27467.57%)
Short Float %N/A
Short RatioN/A
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)2
Avg EPS beat(2)62.37%
Min EPS beat(2)22.18%
Max EPS beat(2)102.56%
EPS beat(4)3
Avg EPS beat(4)12.77%
Min EPS beat(4)-122.82%
Max EPS beat(4)102.56%
EPS beat(8)6
Avg EPS beat(8)18.3%
EPS beat(12)7
Avg EPS beat(12)9.3%
EPS beat(16)9
Avg EPS beat(16)4.2%
Revenue beat(2)0
Avg Revenue beat(2)-46.85%
Min Revenue beat(2)-58.65%
Max Revenue beat(2)-35.05%
Revenue beat(4)0
Avg Revenue beat(4)-60.65%
Min Revenue beat(4)-100%
Max Revenue beat(4)-35.05%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)2688.86%
PT rev (3m)1694.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)39.09%
EPS NY rev (1m)0%
EPS NY rev (3m)33.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-64.27%
Revenue NY rev (1m)-89.74%
Revenue NY rev (3m)-89.98%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.88
P/FCF N/A
P/OCF N/A
P/B 0.02
P/tB 0.02
EV/EBITDA N/A
EPS(TTM)-56.72
EYN/A
EPS(NY)-1.54
Fwd EYN/A
FCF(TTM)-13.88
FCFYN/A
OCF(TTM)-11.71
OCFYN/A
SpS0.13
BVpS15.32
TBVpS15.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -27.63%
ROE -65.15%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 9.5%
FCFM N/A
ROA(3y)-73.45%
ROA(5y)-46.3%
ROE(3y)-142.74%
ROE(5y)-88.63%
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 3Y2.91%
GM growth 5YN/A
F-Score4
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 227.54%
Cap/Sales 1686.42%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.14
Quick Ratio 0.09
Altman-Z -5.98
F-Score4
WACC4.96%
ROIC/WACCN/A
Cap/Depr(3y)952.5%
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-268.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%128.99%
EPS Next Y78.53%
EPS Next 2Y36.19%
EPS Next 3Y24.7%
EPS Next 5Y15.36%
Revenue 1Y (TTM)258.96%
Revenue growth 3Y-29.7%
Revenue growth 5YN/A
Sales Q2Q%71.68%
Revenue Next Year117.11%
Revenue Next 2Y132.16%
Revenue Next 3Y504.98%
Revenue Next 5Y221.58%
EBIT growth 1Y26.34%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year40.16%
EBIT Next 3Y17.19%
EBIT Next 5Y7.64%
FCF growth 1Y66.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y62.31%
OCF growth 3YN/A
OCF growth 5YN/A