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CANOO INC (GOEV) Stock Fundamental Analysis

USA - 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

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. 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

In the past year GOEV has reported negative net income.
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 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 of 9.50%. This is comparable to the rest of the industry: GOEV outperforms 46.15% 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 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.
The number of shares outstanding for GOEV has been increased compared to 5 years ago.
Compared to 1 year ago, GOEV has a worse debt to assets ratio.
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.
With a Altman-Z score value of -5.98, GOEV is not doing good in the industry: 71.79% of the companies in the same industry are doing better.
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 58.97% of 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

A Current Ratio of 0.14 indicates that GOEV may have some problems paying its short term obligations.
GOEV has a worse Current ratio (0.14) 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.
The Quick ratio of GOEV (0.09) is worse than 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

The earnings per share for GOEV have decreased strongly by -268.07% in the last year.
The Revenue has grown by 258.96% in the past year. This is a very strong growth!
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

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 50

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 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