ESS TECH INC (GWH) Stock Fundamental Analysis

NYSE:GWH • US26916J2050

1.59 USD
+0.12 (+8.16%)
At close: Feb 25, 2026
1.58 USD
-0.01 (-0.63%)
Pre-Market: 2/26/2026, 8:15:39 AM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to GWH. GWH was compared to 91 industry peers in the Electrical Equipment industry. GWH may be in some trouble as it scores bad on both profitability and health. GWH is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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.
  • In the past 5 years GWH always reported negative net income.
  • GWH had a negative operating cash flow in each of the past 5 years.
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

  • With a Return On Assets value of -174.12%, GWH is not doing good in the industry: 86.81% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -174.12%
ROE N/A
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

1

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

  • GWH has an Altman-Z score of -37.24. This is a bad value and indicates that GWH is not financially healthy and even has some risk of bankruptcy.
  • GWH has a Altman-Z score of -37.24. This is amonst the worse of the industry: GWH underperforms 86.81% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -37.24
ROIC/WACCN/A
WACC8.68%
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 0.49 indicates that GWH may have some problems paying its short term obligations.
  • With a Current ratio value of 0.49, GWH is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
  • GWH has a Quick Ratio of 0.49. This is a bad value and indicates that GWH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of GWH (0.29) is worse than 86.81% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.29
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

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.14% over the past year.
  • GWH shows a decrease in Revenue. In the last year, the revenue decreased by -3.53%.
EPS 1Y (TTM)22.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.58%
Revenue 1Y (TTM)-3.53%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-40.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.76% on average over the next years. This is quite good.
  • GWH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 106.50% yearly.
EPS Next Y45.2%
EPS Next 2Y37.99%
EPS Next 3Y24.47%
EPS Next 5Y14.76%
Revenue Next Year-82.69%
Revenue Next 2Y-20.1%
Revenue Next 3Y62.42%
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

1

4. Valuation

4.1 Price/Earnings Ratio

  • GWH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year GWH 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
GWH Price Earnings VS Forward Price EarningsGWH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

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 -1 -2 -3 -4 -5

4.3 Compensation for Growth

  • GWH's earnings are expected to grow with 24.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.99%
EPS Next 3Y24.47%

0

5. Dividend

5.1 Amount

  • GWH does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

ESS TECH INC

NYSE:GWH (2/25/2026, 8:17:46 PM)

Premarket: 1.58 -0.01 (-0.63%)

1.59

+0.12 (+8.16%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-13
Earnings (Next)03-30
Inst Owners16.78%
Inst Owner Change69.77%
Ins Owners3.48%
Ins Owner Change0.24%
Market Cap37.17M
Revenue(TTM)6.02M
Net Income(TTM)-62.94M
Analysts80
Price Target3.57 (124.53%)
Short Float %4.94%
Short Ratio1.87
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)12.53%
Min EPS beat(2)-3.02%
Max EPS beat(2)28.08%
EPS beat(4)1
Avg EPS beat(4)-9.13%
Min EPS beat(4)-41.96%
Max EPS beat(4)28.08%
EPS beat(8)3
Avg EPS beat(8)-8.89%
EPS beat(12)6
Avg EPS beat(12)-1.05%
EPS beat(16)8
Avg EPS beat(16)-4.48%
Revenue beat(2)0
Avg Revenue beat(2)-71.56%
Min Revenue beat(2)-96.18%
Max Revenue beat(2)-46.94%
Revenue beat(4)0
Avg Revenue beat(4)-69.31%
Min Revenue beat(4)-96.18%
Max Revenue beat(4)-46.94%
Revenue beat(8)0
Avg Revenue beat(8)-62.32%
Revenue beat(12)0
Avg Revenue beat(12)-64.7%
Revenue beat(16)1
Avg Revenue beat(16)-62.72%
PT rev (1m)0%
PT rev (3m)27.27%
EPS NQ rev (1m)-35.71%
EPS NQ rev (3m)8.43%
EPS NY rev (1m)-5.42%
EPS NY rev (3m)8.36%
Revenue NQ rev (1m)-633.33%
Revenue NQ rev (3m)-126.89%
Revenue NY rev (1m)-54.29%
Revenue NY rev (3m)-88.89%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 6.17
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-5.1
EYN/A
EPS(NY)-0.69
Fwd EYN/A
FCF(TTM)-2.63
FCFYN/A
OCF(TTM)-2.43
OCFYN/A
SpS0.26
BVpS-0.08
TBVpS-0.27
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -174.12%
ROE N/A
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
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 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 75.84%
Cap/Sales 75.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.49
Quick Ratio 0.29
Altman-Z -37.24
F-Score3
WACC8.68%
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)22.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.58%
EPS Next Y45.2%
EPS Next 2Y37.99%
EPS Next 3Y24.47%
EPS Next 5Y14.76%
Revenue 1Y (TTM)-3.53%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-40.39%
Revenue Next Year-82.69%
Revenue Next 2Y-20.1%
Revenue Next 3Y62.42%
Revenue Next 5Y106.5%
EBIT growth 1Y26.19%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year56.12%
EBIT Next 3Y43.48%
EBIT Next 5Y20.9%
FCF growth 1Y13.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.74%
OCF growth 3YN/A
OCF growth 5YN/A

ESS TECH INC / GWH FAQ

What is the ChartMill fundamental rating of ESS TECH INC (GWH) stock?

ChartMill assigns a fundamental rating of 1 / 10 to GWH.


Can you provide the valuation status for ESS TECH INC?

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


How profitable is ESS TECH INC (GWH) stock?

ESS TECH INC (GWH) has a profitability rating of 0 / 10.


What is the financial health of ESS TECH INC (GWH) stock?

The financial health rating of ESS TECH INC (GWH) is 1 / 10.