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MICROVAST HOLDINGS INC (MVST) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:MVST - US59516C1062 - Common Stock

2.99 USD
+0.02 (+0.67%)
Last: 1/16/2026, 8:00:01 PM
3.02 USD
+0.03 (+1%)
After Hours: 1/16/2026, 8:00:01 PM
Fundamental Rating

3

Overall MVST gets a fundamental rating of 3 out of 10. We evaluated MVST against 132 industry peers in the Machinery industry. Both the profitability and financial health of MVST have multiple concerns. MVST is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • MVST had positive earnings in the past year.
  • MVST had a positive operating cash flow in the past year.
  • MVST had negative earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: MVST reported negative operating cash flow in multiple years.
MVST Yearly Net Income VS EBIT VS OCF VS FCFMVST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M -250M

1.2 Ratios

  • With a Return On Assets value of -14.92%, MVST is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
  • The Return On Equity of MVST (-42.22%) is worse than 81.82% of its industry peers.
  • MVST has a Return On Invested Capital (6.38%) which is in line with its industry peers.
Industry RankSector Rank
ROA -14.92%
ROE -42.22%
ROIC 6.38%
ROA(3y)-15.43%
ROA(5y)-17.97%
ROE(3y)-31.68%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MVST Yearly ROA, ROE, ROICMVST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -100K -200K -300K

1.3 Margins

  • MVST has a Operating Margin (11.36%) which is in line with its industry peers.
  • With a decent Gross Margin value of 36.60%, MVST is doing good in the industry, outperforming 68.94% of the companies in the same industry.
Industry RankSector Rank
OM 11.36%
PM (TTM) N/A
GM 36.6%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MVST Yearly Profit, Operating, Gross MarginsMVST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

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1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MVST is destroying value.
  • The number of shares outstanding for MVST has been increased compared to 1 year ago.
  • MVST has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MVST is higher compared to a year ago.
MVST Yearly Shares OutstandingMVST Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
MVST Yearly Total Debt VS Total AssetsMVST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • MVST has an Altman-Z score of -0.17. This is a bad value and indicates that MVST is not financially healthy and even has some risk of bankruptcy.
  • MVST has a Altman-Z score of -0.17. This is amonst the worse of the industry: MVST underperforms 82.58% of its industry peers.
  • The Debt to FCF ratio of MVST is 9.00, which is on the high side as it means it would take MVST, 9.00 years of fcf income to pay off all of its debts.
  • MVST has a Debt to FCF ratio of 9.00. This is comparable to the rest of the industry: MVST outperforms 42.42% of its industry peers.
  • A Debt/Equity ratio of 0.61 indicates that MVST is somewhat dependend on debt financing.
  • MVST has a Debt to Equity ratio (0.61) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 9
Altman-Z -0.17
ROIC/WACC0.71
WACC8.95%
MVST Yearly LT Debt VS Equity VS FCFMVST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 0.84 indicates that MVST may have some problems paying its short term obligations.
  • MVST's Current ratio of 0.84 is on the low side compared to the rest of the industry. MVST is outperformed by 90.91% of its industry peers.
  • A Quick Ratio of 0.60 indicates that MVST may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.60, MVST is not doing good in the industry: 86.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.6
MVST Yearly Current Assets VS Current LiabilitesMVST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 150.00% over the past year.
  • Looking at the last year, MVST shows a quite strong growth in Revenue. The Revenue has grown by 19.82% in the last year.
  • The Revenue has been growing by 37.81% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)150%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)19.82%
Revenue growth 3Y35.7%
Revenue growth 5Y37.81%
Sales Q2Q%21.6%

3.2 Future

  • The Earnings Per Share is expected to grow by 56.01% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, MVST will show a very strong growth in Revenue. The Revenue will grow by 20.22% on average per year.
EPS Next Y182.57%
EPS Next 2Y72.38%
EPS Next 3Y56.01%
EPS Next 5YN/A
Revenue Next Year29.06%
Revenue Next 2Y23.25%
Revenue Next 3Y27.54%
Revenue Next 5Y20.22%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
MVST Yearly Revenue VS EstimatesMVST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 500M 1B
MVST Yearly EPS VS EstimatesMVST Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.36, the valuation of MVST can be described as rather expensive.
  • 72.73% of the companies in the same industry are more expensive than MVST, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MVST to the average of the S&P500 Index (27.47), we can say MVST is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 14.66, which indicates a correct valuation of MVST.
  • 87.88% of the companies in the same industry are more expensive than MVST, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of MVST to the average of the S&P500 Index (24.26), we can say MVST is valued slightly cheaper.
Industry RankSector Rank
PE 21.36
Fwd PE 14.66
MVST Price Earnings VS Forward Price EarningsMVST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 65.91% of the companies in the same industry are more expensive than MVST, based on the Enterprise Value to EBITDA ratio.
  • 68.18% of the companies in the same industry are more expensive than MVST, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 21.48
EV/EBITDA 13.86
MVST Per share dataMVST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

  • MVST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MVST's earnings are expected to grow with 56.01% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y72.38%
EPS Next 3Y56.01%

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0

5. Dividend

5.1 Amount

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

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MICROVAST HOLDINGS INC

NASDAQ:MVST (1/16/2026, 8:00:01 PM)

After market: 3.02 +0.03 (+1%)

2.99

+0.02 (+0.67%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)11-10
Earnings (Next)03-30
Inst Owners24.95%
Inst Owner Change0.05%
Ins Owners26.48%
Ins Owner Change0%
Market Cap981.26M
Revenue(TTM)444.50M
Net Income(TTM)-151.19M
Analysts82.5
Price Target6.63 (121.74%)
Short Float %14.89%
Short Ratio5.23
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)102.61%
Min EPS beat(2)-21.57%
Max EPS beat(2)226.8%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-7.72%
Min Revenue beat(2)-16.14%
Max Revenue beat(2)0.71%
Revenue beat(4)3
Avg Revenue beat(4)3.33%
Min Revenue beat(4)-16.14%
Max Revenue beat(4)20.99%
Revenue beat(8)5
Avg Revenue beat(8)3.54%
Revenue beat(12)9
Avg Revenue beat(12)5.78%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)18.18%
PT rev (3m)30%
EPS NQ rev (1m)-33.33%
EPS NQ rev (3m)-33.33%
EPS NY rev (1m)-10.53%
EPS NY rev (3m)13.33%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)2.16%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.02%
Valuation
Industry RankSector Rank
PE 21.36
Fwd PE 14.66
P/S 2.21
P/FCF 21.48
P/OCF 14.96
P/B 2.74
P/tB 2.76
EV/EBITDA 13.86
EPS(TTM)0.14
EY4.68%
EPS(NY)0.2
Fwd EY6.82%
FCF(TTM)0.14
FCFY4.66%
OCF(TTM)0.2
OCFY6.68%
SpS1.35
BVpS1.09
TBVpS1.08
PEG (NY)0.12
PEG (5Y)N/A
Graham Number1.85
Profitability
Industry RankSector Rank
ROA -14.92%
ROE -42.22%
ROCE 10.44%
ROIC 6.38%
ROICexc 7.46%
ROICexgc 7.5%
OM 11.36%
PM (TTM) N/A
GM 36.6%
FCFM 10.28%
ROA(3y)-15.43%
ROA(5y)-17.97%
ROE(3y)-31.68%
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-Score5
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 9
Debt/EBITDA 2.62
Cap/Depr 60.88%
Cap/Sales 4.48%
Interest Coverage 250
Cash Conversion 78.83%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.6
Altman-Z -0.17
F-Score5
WACC8.95%
ROIC/WACC0.71
Cap/Depr(3y)552.36%
Cap/Depr(5y)438.43%
Cap/Sales(3y)47.33%
Cap/Sales(5y)43.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)150%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y182.57%
EPS Next 2Y72.38%
EPS Next 3Y56.01%
EPS Next 5YN/A
Revenue 1Y (TTM)19.82%
Revenue growth 3Y35.7%
Revenue growth 5Y37.81%
Sales Q2Q%21.6%
Revenue Next Year29.06%
Revenue Next 2Y23.25%
Revenue Next 3Y27.54%
Revenue Next 5Y20.22%
EBIT growth 1Y197.96%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year288.93%
EBIT Next 3Y67.62%
EBIT Next 5Y42.45%
FCF growth 1Y116%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y199.86%
OCF growth 3YN/A
OCF growth 5Y-26.78%

MICROVAST HOLDINGS INC / MVST FAQ

What is the fundamental rating for MVST stock?

ChartMill assigns a fundamental rating of 3 / 10 to MVST.


What is the valuation status of MICROVAST HOLDINGS INC (MVST) stock?

ChartMill assigns a valuation rating of 6 / 10 to MICROVAST HOLDINGS INC (MVST). This can be considered as Fairly Valued.


What is the profitability of MVST stock?

MICROVAST HOLDINGS INC (MVST) has a profitability rating of 2 / 10.


What is the valuation of MICROVAST HOLDINGS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MICROVAST HOLDINGS INC (MVST) is 21.36 and the Price/Book (PB) ratio is 2.74.


Can you provide the expected EPS growth for MVST stock?

The Earnings per Share (EPS) of MICROVAST HOLDINGS INC (MVST) is expected to grow by 182.57% in the next year.