Logo image of GWH

ESS TECH INC (GWH) Stock Fundamental Analysis

USA - NYSE:GWH - US26916J2050 - Common Stock

1.6 USD
-0.13 (-7.51%)
Last: 9/26/2025, 8:04:00 PM
1.59 USD
-0.01 (-0.62%)
After Hours: 9/26/2025, 8:04:00 PM
Fundamental Rating

2

Overall GWH gets a fundamental rating of 2 out of 10. We evaluated GWH against 92 industry peers in the Electrical Equipment industry. GWH scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. GWH does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

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.
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 -189.45%, GWH is not doing good in the industry: 92.39% of the companies in the same industry are doing better.
The Return On Equity of GWH (-2271.61%) is worse than 80.43% of its industry peers.
Industry RankSector Rank
ROA -189.45%
ROE -2271.61%
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

The Profit Margin and Operating Margin and Gross Margin are not available for GWH so they could not be analyzed.
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

More info and screens

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
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 -34.93. This is a bad value and indicates that GWH is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -34.93, GWH is doing worse than 90.22% 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 -34.93
ROIC/WACCN/A
WACC8.84%
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

GWH has a Current Ratio of 0.47. 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 Current ratio of 0.47 is on the low side compared to the rest of the industry. GWH is outperformed by 88.04% of its industry peers.
GWH has a Quick Ratio of 0.47. 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 0.27 is on the low side compared to the rest of the industry. GWH is outperformed by 90.22% of its industry peers.
Industry RankSector Rank
Current Ratio 0.47
Quick Ratio 0.27
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

More info and screens

3

3. Growth

3.1 Past

GWH shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.48%.
The Revenue for GWH has decreased by -17.03% in the past year. This is quite bad
EPS 1Y (TTM)0.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%50%
Revenue 1Y (TTM)-17.03%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%577.59%

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 Y40.63%
EPS Next 2Y26.18%
EPS Next 3Y15.99%
EPS Next 5Y14.76%
Revenue Next Year55.82%
Revenue Next 2Y65.95%
Revenue Next 3Y91.1%
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

More info and screens

0

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 -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 2Y26.18%
EPS Next 3Y15.99%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

ESS TECH INC

NYSE:GWH (9/26/2025, 8:04:00 PM)

After market: 1.59 -0.01 (-0.62%)

1.6

-0.13 (-7.51%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-14 2025-08-14/amc
Earnings (Next)11-11 2025-11-11/amc
Inst Owners13.26%
Inst Owner Change-11.63%
Ins Owners4.02%
Ins Owner Change0.18%
Market Cap23.30M
Analysts46.67
Price Target1.86 (16.25%)
Short Float %10.47%
Short Ratio3.46
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)-11.33%
Min EPS beat(2)-19.64%
Max EPS beat(2)-3.02%
EPS beat(4)0
Avg EPS beat(4)-28.38%
Min EPS beat(4)-48.91%
Max EPS beat(4)-3.02%
EPS beat(8)3
Avg EPS beat(8)-10.03%
EPS beat(12)5
Avg EPS beat(12)-5.42%
EPS beat(16)7
Avg EPS beat(16)-583.98%
Revenue beat(2)0
Avg Revenue beat(2)-64.88%
Min Revenue beat(2)-82.83%
Max Revenue beat(2)-46.94%
Revenue beat(4)0
Avg Revenue beat(4)-68.69%
Min Revenue beat(4)-93.68%
Max Revenue beat(4)-46.94%
Revenue beat(8)0
Avg Revenue beat(8)-56.52%
Revenue beat(12)0
Avg Revenue beat(12)-63.33%
Revenue beat(16)1
Avg Revenue beat(16)-62.95%
PT rev (1m)0%
PT rev (3m)-50.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.01%
EPS NY rev (1m)0%
EPS NY rev (3m)7.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.34%
Revenue NY rev (1m)-3.36%
Revenue NY rev (3m)-17.3%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.78
P/FCF N/A
P/OCF N/A
P/B 7.05
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-6.27
EYN/A
EPS(NY)-2.92
Fwd EYN/A
FCF(TTM)-5.21
FCFYN/A
OCF(TTM)-4.72
OCFYN/A
SpS0.42
BVpS0.23
TBVpS-0.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -189.45%
ROE -2271.61%
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 Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 136.54%
Cap/Sales 117.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.47
Quick Ratio 0.27
Altman-Z -34.93
F-Score3
WACC8.84%
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)0.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%50%
EPS Next Y40.63%
EPS Next 2Y26.18%
EPS Next 3Y15.99%
EPS Next 5Y14.76%
Revenue 1Y (TTM)-17.03%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%577.59%
Revenue Next Year55.82%
Revenue Next 2Y65.95%
Revenue Next 3Y91.1%
Revenue Next 5Y106.5%
EBIT growth 1Y3.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year48.59%
EBIT Next 3Y43.48%
EBIT Next 5Y20.9%
FCF growth 1Y19.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.83%
OCF growth 3YN/A
OCF growth 5YN/A