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ESS TECH INC (GWH) Stock Fundamental Analysis

NYSE:GWH - New York Stock Exchange, Inc. - US26916J2050 - Common Stock - Currency: USD

2.25  +0.05 (+2.27%)

Fundamental Rating

2

Taking everything into account, GWH scores 2 out of 10 in our fundamental rating. GWH was compared to 96 industry peers in the Electrical Equipment industry. While GWH seems to be doing ok healthwise, there are quite some concerns on its profitability. GWH does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

GWH had negative earnings in the past year.
In the past year GWH has reported a negative cash flow from operations.
GWH had negative earnings in each of the past 5 years.
In the past 5 years GWH always reported negative operating cash flow.
GWH Yearly Net Income VS EBIT VS OCF VS FCFGWH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 -100M -200M -300M -400M

1.2 Ratios

GWH has a worse Return On Assets (-120.06%) than 86.60% of its industry peers.
Looking at the Return On Equity, with a value of -298.51%, GWH is doing worse than 75.26% of the companies in the same industry.
Industry RankSector Rank
ROA -120.06%
ROE -298.51%
ROIC N/A
ROA(3y)-73.05%
ROA(5y)-149.57%
ROE(3y)-143.49%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
GWH Yearly ROA, ROE, ROICGWH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

1.3 Margins

GWH does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
GWH Yearly Profit, Operating, Gross MarginsGWH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 -2K -4K -6K -8K -10K

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2. Health

2.1 Basic Checks

GWH does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for GWH has been reduced compared to 1 year ago.
Compared to 5 years ago, GWH has less shares outstanding
There is no outstanding debt for GWH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
GWH Yearly Shares OutstandingGWH Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M
GWH Yearly Total Debt VS Total AssetsGWH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

Based on the Altman-Z score of -18.65, we must say that GWH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GWH (-18.65) is worse than 88.66% of its industry peers.
There is no outstanding debt for GWH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -18.65
ROIC/WACCN/A
WACC9.01%
GWH Yearly LT Debt VS Equity VS FCFGWH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 100M 200M

2.3 Liquidity

A Current Ratio of 1.57 indicates that GWH should not have too much problems paying its short term obligations.
GWH has a Current ratio (1.57) which is in line with its industry peers.
GWH has a Quick Ratio of 1.37. This is a normal value and indicates that GWH is financially healthy and should not expect problems in meeting its short term obligations.
GWH's Quick ratio of 1.37 is fine compared to the rest of the industry. GWH outperforms 60.82% of its industry peers.
Industry RankSector Rank
Current Ratio 1.57
Quick Ratio 1.37
GWH Yearly Current Assets VS Current LiabilitesGWH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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3

3. Growth

3.1 Past

GWH shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.45%.
Looking at the last year, GWH shows a very negative growth in Revenue. The Revenue has decreased by -16.58% in the last year.
EPS 1Y (TTM)2.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45.93%
Revenue 1Y (TTM)-16.58%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.93%

3.2 Future

Based on estimates for the next years, GWH will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.76% on average per year.
The Revenue is expected to grow by 106.50% on average over the next years. This is a very strong growth
EPS Next Y42.13%
EPS Next 2Y24.87%
EPS Next 3Y14.31%
EPS Next 5Y14.76%
Revenue Next Year105.43%
Revenue Next 2Y131.04%
Revenue Next 3Y126.72%
Revenue Next 5Y106.5%

3.3 Evolution

GWH Yearly Revenue VS EstimatesGWH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
GWH Yearly EPS VS EstimatesGWH Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -50 -100 -150

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for GWH. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for GWH. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
GWH Price Earnings VS Forward Price EarningsGWH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
GWH Per share dataGWH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4 -6

4.3 Compensation for Growth

GWH's earnings are expected to grow with 14.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.87%
EPS Next 3Y14.31%

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0

5. Dividend

5.1 Amount

GWH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ESS TECH INC

NYSE:GWH (5/9/2025, 8:04:00 PM)

2.25

+0.05 (+2.27%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-05 2025-05-05/amc
Earnings (Next)N/A N/A
Inst Owners29.44%
Inst Owner Change0.03%
Ins Owners2.62%
Ins Owner Change0.21%
Market Cap27.23M
Analysts49.09
Price Target3.83 (70.22%)
Short Float %4.93%
Short Ratio5.28
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)0
Avg EPS beat(2)-45.43%
Min EPS beat(2)-48.91%
Max EPS beat(2)-41.96%
EPS beat(4)1
Avg EPS beat(4)-23.87%
Min EPS beat(4)-48.91%
Max EPS beat(4)12.23%
EPS beat(8)4
Avg EPS beat(8)-4.18%
EPS beat(12)7
Avg EPS beat(12)4.6%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-72.49%
Min Revenue beat(2)-93.68%
Max Revenue beat(2)-51.3%
Revenue beat(4)0
Avg Revenue beat(4)-62.71%
Min Revenue beat(4)-93.68%
Max Revenue beat(4)-15.73%
Revenue beat(8)0
Avg Revenue beat(8)-56.69%
Revenue beat(12)1
Avg Revenue beat(12)-56.46%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-50%
PT rev (3m)-64.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.24%
EPS NY rev (1m)13.67%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-55.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-56.36%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.32
P/FCF N/A
P/OCF N/A
P/B 0.94
P/tB 1.12
EV/EBITDA N/A
EPS(TTM)-7.17
EYN/A
EPS(NY)-4.15
Fwd EYN/A
FCF(TTM)-6.57
FCFYN/A
OCF(TTM)-5.97
OCFYN/A
SpS0.52
BVpS2.39
TBVpS2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -120.06%
ROE -298.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-73.05%
ROA(5y)-149.57%
ROE(3y)-143.49%
ROE(5y)N/A
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 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 154.4%
Cap/Sales 115.87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.57
Quick Ratio 1.37
Altman-Z -18.65
F-Score3
WACC9.01%
ROIC/WACCN/A
Cap/Depr(3y)392.07%
Cap/Depr(5y)355.16%
Cap/Sales(3y)595.31%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45.93%
EPS Next Y42.13%
EPS Next 2Y24.87%
EPS Next 3Y14.31%
EPS Next 5Y14.76%
Revenue 1Y (TTM)-16.58%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.93%
Revenue Next Year105.43%
Revenue Next 2Y131.04%
Revenue Next 3Y126.72%
Revenue Next 5Y106.5%
EBIT growth 1Y-4.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year44.17%
EBIT Next 3Y27.25%
EBIT Next 5Y20.9%
FCF growth 1Y-31.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-31.56%
OCF growth 3YN/A
OCF growth 5YN/A