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CANOO INC (GOEV) Stock Fundamental Analysis

USA - Nasdaq - 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

GOEV gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 36 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.
In the past year GOEV has reported a negative cash flow from operations.
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's Return On Equity of -65.15% is in line compared 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's Gross Margin of 9.50% is in line compared to the rest of the industry. GOEV outperforms 46.15% of its industry peers.
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.
Compared to 1 year ago, GOEV has more shares outstanding
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

GOEV has an Altman-Z score of -5.98. 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 -5.98, GOEV is doing worse than 71.79% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that GOEV is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.32, GOEV perfoms like the industry average, 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.
Looking at the Current ratio, with a value of 0.14, GOEV is doing worse than 94.87% of the companies in the same industry.
A Quick Ratio of 0.09 indicates that GOEV may have some problems paying its short term obligations.
GOEV has a worse Quick ratio (0.09) 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

GOEV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -268.07%.
The Revenue has grown by 258.96% in the past year. This is a very strong growth!
GOEV shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -29.70% yearly.
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

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.
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

The Price/Earnings Ratio is negative for GOEV. In the last year negative earnings were reported.
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 20 40 60 80

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-100%
Ins Owners3.23%
Ins Owner Change0%
Market Cap5.36M
Revenue(TTM)1.86M
Net Income(TTM)-144.61M
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
Graham NumberN/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
ROICexgc growth 3YN/A
ROICexgc 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

CANOO INC / GOEV FAQ

Can you provide the ChartMill fundamental rating for CANOO INC?

ChartMill assigns a fundamental rating of 2 / 10 to GOEV.


Can you provide the valuation status for CANOO INC?

ChartMill assigns a valuation rating of 1 / 10 to CANOO INC (GOEV). This can be considered as Overvalued.


How profitable is CANOO INC (GOEV) stock?

CANOO INC (GOEV) has a profitability rating of 1 / 10.


Can you provide the financial health for GOEV stock?

The financial health rating of CANOO INC (GOEV) is 1 / 10.