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ESS TECH INC (GWH) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:GWH - US26916J2050 - Common Stock

1.91 USD
+0.1 (+5.52%)
Last: 1/22/2026, 8:04:00 PM
1.91 USD
0 (0%)
After Hours: 1/22/2026, 8:04:00 PM
Fundamental Rating

1

Overall GWH gets a fundamental rating of 1 out of 10. We evaluated GWH against 91 industry peers in the Electrical Equipment industry. Both the profitability and financial health of GWH have multiple concerns. GWH has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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.
  • 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

  • Looking at the Return On Assets, with a value of -174.12%, GWH is doing worse than 87.91% of the companies in the same industry.
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

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1

2. Health

2.1 Basic Checks

  • GWH does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • GWH has less shares outstanding than it did 1 year ago.
  • GWH has less shares outstanding than it did 5 years ago.
  • GWH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 -37.26. This is a bad value and indicates that GWH is not financially healthy and even has some risk of bankruptcy.
  • GWH's Altman-Z score of -37.26 is on the low side compared to the rest of the industry. GWH is outperformed by 91.21% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -37.26
ROIC/WACCN/A
WACC8.9%
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.
  • GWH has a worse Current ratio (0.49) than 87.91% of its industry peers.
  • 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.
  • GWH has a Quick ratio of 0.29. This is amonst the worse of the industry: GWH underperforms 87.91% 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

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3

3. Growth

3.1 Past

  • GWH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.14%, which is quite impressive.
  • 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

  • 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.
  • Based on estimates for the next years, GWH will show a very strong growth in Revenue. The Revenue will grow by 106.50% on average per year.
EPS Next Y48.02%
EPS Next 2Y36.09%
EPS Next 3Y23.33%
EPS Next 5Y14.76%
Revenue Next Year-62.13%
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

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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 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 -1 -2 -3 -4 -5

4.3 Compensation for Growth

  • A more expensive valuation may be justified as GWH's earnings are expected to grow with 23.33% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.09%
EPS Next 3Y23.33%

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0

5. Dividend

5.1 Amount

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

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ESS TECH INC

NYSE:GWH (1/22/2026, 8:04:00 PM)

After market: 1.91 0 (0%)

1.91

+0.1 (+5.52%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-13
Earnings (Next)03-30
Inst Owners16.78%
Inst Owner Change2.89%
Ins Owners3.48%
Ins Owner Change0.22%
Market Cap37.47M
Revenue(TTM)6.02M
Net Income(TTM)-62.94M
Analysts80
Price Target3.57 (86.91%)
Short Float %3.21%
Short Ratio0.89
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)27.27%
PT rev (3m)91.78%
EPS NQ rev (1m)32.53%
EPS NQ rev (3m)32.12%
EPS NY rev (1m)6.82%
EPS NY rev (3m)12.46%
Revenue NQ rev (1m)-94.96%
Revenue NQ rev (3m)-94.96%
Revenue NY rev (1m)-63.16%
Revenue NY rev (3m)-75.69%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 6.22
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)-1.06
Fwd EYN/A
FCF(TTM)-3.13
FCFYN/A
OCF(TTM)-2.9
OCFYN/A
SpS0.31
BVpS-0.09
TBVpS-0.32
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 -37.26
F-Score3
WACC8.9%
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 Y48.02%
EPS Next 2Y36.09%
EPS Next 3Y23.33%
EPS Next 5Y14.76%
Revenue 1Y (TTM)-3.53%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-40.39%
Revenue Next Year-62.13%
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 3Y23.83%
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.