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ESS TECH INC (GWH) Stock Fundamental Analysis

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

1.07  +0.08 (+8.08%)

After market: 1.05 -0.02 (-1.87%)

Fundamental Rating

2

GWH gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 94 industry peers in the Electrical Equipment industry. While GWH seems to be doing ok healthwise, there are quite some concerns on its profitability. GWH has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

GWH had negative earnings in the past year.
GWH had a negative operating cash flow in the past year.
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

GWH has a Return On Assets of -160.39%. This is amonst the worse of the industry: GWH underperforms 90.43% of its industry peers.
GWH's Return On Equity of -711.47% is on the low side compared to the rest of the industry. GWH is outperformed by 78.72% of its industry peers.
Industry RankSector Rank
ROA -160.39%
ROE -711.47%
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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5

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 -26.06, we must say that GWH is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -26.06, GWH is doing worse than 90.43% of the companies in the same industry.
GWH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -26.06
ROIC/WACCN/A
WACC10.18%
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 1.07 indicates that GWH should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.07, GWH is doing worse than 68.09% of the companies in the same industry.
GWH has a Quick Ratio of 1.07. This is a bad value and indicates that GWH is not financially healthy enough and could expect problems in meeting its short term obligations.
GWH's Quick ratio of 0.76 is on the low side compared to the rest of the industry. GWH is outperformed by 64.89% of its industry peers.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.76
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

The earnings per share for GWH have decreased by -6.22% in the last year.
GWH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -58.08%.
EPS 1Y (TTM)-6.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-58.08%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-78.12%

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 Y36.09%
EPS Next 2Y26.01%
EPS Next 3Y15.99%
EPS Next 5Y14.76%
Revenue Next Year88.42%
Revenue Next 2Y127.95%
Revenue Next 3Y145.65%
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.
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 10 20 30

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 -4 -6

4.3 Compensation for Growth

A more expensive valuation may be justified as GWH's earnings are expected to grow with 15.99% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.01%
EPS Next 3Y15.99%

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0

5. Dividend

5.1 Amount

No dividends for GWH!.
Industry RankSector Rank
Dividend Yield N/A

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ESS TECH INC

NYSE:GWH (6/20/2025, 8:04:00 PM)

After market: 1.05 -0.02 (-1.87%)

1.07

+0.08 (+8.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-15 2025-05-15/amc
Earnings (Next)08-12 2025-08-12/amc
Inst Owners28.06%
Inst Owner Change-2.63%
Ins Owners2.92%
Ins Owner Change0.19%
Market Cap12.95M
Analysts48
Price Target3.74 (249.53%)
Short Float %8.39%
Short Ratio0.69
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)-30.8%
Min EPS beat(2)-41.96%
Max EPS beat(2)-19.64%
EPS beat(4)0
Avg EPS beat(4)-31.84%
Min EPS beat(4)-48.91%
Max EPS beat(4)-16.86%
EPS beat(8)3
Avg EPS beat(8)-9.7%
EPS beat(12)6
Avg EPS beat(12)-2.34%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-67.06%
Min Revenue beat(2)-82.83%
Max Revenue beat(2)-51.3%
Revenue beat(4)0
Avg Revenue beat(4)-79.48%
Min Revenue beat(4)-93.68%
Max Revenue beat(4)-51.3%
Revenue beat(8)0
Avg Revenue beat(8)-55.56%
Revenue beat(12)1
Avg Revenue beat(12)-55.03%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.22%
PT rev (3m)-65.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.85%
EPS NY rev (1m)-10.43%
EPS NY rev (3m)4.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-72.71%
Revenue NY rev (1m)-8.28%
Revenue NY rev (3m)-59.32%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.12
P/FCF N/A
P/OCF N/A
P/B 1.07
P/tB 1.73
EV/EBITDA N/A
EPS(TTM)-7.17
EYN/A
EPS(NY)-2.96
Fwd EYN/A
FCF(TTM)-6.5
FCFYN/A
OCF(TTM)-5.91
OCFYN/A
SpS0.34
BVpS1
TBVpS0.62
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -160.39%
ROE -711.47%
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-Score2
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 140.79%
Cap/Sales 170.91%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.07
Quick Ratio 0.76
Altman-Z -26.06
F-Score2
WACC10.18%
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)-6.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y36.09%
EPS Next 2Y26.01%
EPS Next 3Y15.99%
EPS Next 5Y14.76%
Revenue 1Y (TTM)-58.08%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-78.12%
Revenue Next Year88.42%
Revenue Next 2Y127.95%
Revenue Next 3Y145.65%
Revenue Next 5Y106.5%
EBIT growth 1Y-9.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.88%
EBIT Next 3Y32.5%
EBIT Next 5Y20.9%
FCF growth 1Y15.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.41%
OCF growth 3YN/A
OCF growth 5YN/A