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CANOO INC (GOEV) Stock Fundamental Analysis

NASDAQ:GOEV - Nasdaq - US13803R2013 - Common Stock - Currency: USD

0.37  -0.04 (-9.6%)

After market: 0.3441 -0.03 (-7%)

Fundamental Rating

2

Taking everything into account, GOEV scores 2 out of 10 in our fundamental rating. GOEV was compared to 37 industry peers in the Automobiles industry. GOEV has a bad profitability rating. Also its financial health evaluation is rather negative. GOEV is quite expensive at the moment. It does show a decent growth rate.


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 has a Return On Assets of -27.63%. This is in the lower half of the industry: GOEV underperforms 66.67% of its industry peers.
GOEV has a Return On Equity of -65.15%. This is comparable to the rest of the industry: GOEV outperforms 43.59% of 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 in line with its industry peers.
In the last couple of years the Gross Margin of GOEV has grown nicely.
GOEV 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 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.
GOEV has more shares outstanding than it did 1 year ago.
GOEV has more shares outstanding than it did 5 years ago.
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's Altman-Z score of -5.98 is on the low side compared to the rest of the industry. GOEV is outperformed by 71.79% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that GOEV is not too dependend on debt financing.
GOEV has a Debt to Equity ratio (0.32) which is in line with its industry peers.
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

GOEV has a Current Ratio of 0.14. This is a bad value and indicates that GOEV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GOEV (0.14) is worse than 94.87% of its industry peers.
GOEV has a Quick Ratio of 0.14. This is a bad value and indicates that GOEV is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.09, GOEV is doing worse than 94.87% of the companies in the same industry.
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

The earnings per share for GOEV have decreased strongly by -268.07% in the last year.
Looking at the last year, GOEV shows a very strong growth in Revenue. 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.
GOEV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 221.58% yearly.
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.
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 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

GOEV does not give a dividend.
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-88.72%
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