MICROVAST HOLDINGS INC (MVST)
US59516C1062 - Common Stock
We assign a fundamental rating of 2 out of 10 to MVST. MVST was compared to 132 industry peers in the Machinery industry. MVST has a bad profitability rating. Also its financial health evaluation is rather negative. MVST shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year MVST has reported negative net income.
MVST had a negative operating cash flow in the past year.
In the past 5 years MVST always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: MVST reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -9.70%, MVST is doing worse than 76.74% of the companies in the same industry.
Looking at the Return On Equity, with a value of -18.85%, MVST is doing worse than 76.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.7% | ||
| ROE | -18.85% | ||
| ROIC | N/A |
ROA(3y)-16.43%
ROA(5y)-19.42%
ROE(3y)-26.25%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MVST has a Gross Margin of 18.66%. This is in the lower half of the industry: MVST underperforms 72.87% of its industry peers.
MVST's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for MVST so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.66% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.47%
GM growth 5Y9.34%
2. Health
2.1 Basic Checks
MVST does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MVST has been increased compared to 1 year ago.
The number of shares outstanding for MVST has been increased compared to 5 years ago.
The debt/assets ratio for MVST is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -1.02, we must say that MVST is in the distress zone and has some risk of bankruptcy.
MVST has a Altman-Z score of -1.02. This is amonst the worse of the industry: MVST underperforms 82.17% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that MVST is not too dependend on debt financing.
The Debt to Equity ratio of MVST (0.33) is better than 62.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -1.02 |
ROIC/WACCN/A
WACC7.13%
2.3 Liquidity
A Current Ratio of 1.06 indicates that MVST should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.06, MVST is doing worse than 89.15% of the companies in the same industry.
MVST has a Quick Ratio of 1.06. This is a bad value and indicates that MVST is not financially healthy enough and could expect problems in meeting its short term obligations.
MVST's Quick ratio of 0.68 is on the low side compared to the rest of the industry. MVST is outperformed by 82.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 63.04% over the past year.
MVST shows a strong growth in Revenue. In the last year, the Revenue has grown by 49.93%.
MVST shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.97% yearly.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-60%
Revenue 1Y (TTM)49.93%
Revenue growth 3Y41.82%
Revenue growth 5Y11.97%
Revenue growth Q2Q61.38%
3.2 Future
Based on estimates for the next years, MVST will show a very strong growth in Earnings Per Share. The EPS will grow by 28.46% on average per year.
MVST is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 28.25% yearly.
EPS Next Y-69.5%
EPS Next 2Y-20%
EPS Next 3Y28.46%
EPS Next 5YN/A
Revenue Next Year34.59%
Revenue Next 2Y43.11%
Revenue Next 3Y45.83%
Revenue Next 5Y28.25%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MVST reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year MVST is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as MVST's earnings are expected to grow with 28.46% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20%
EPS Next 3Y28.46%
5. Dividend
5.1 Amount
No dividends for MVST!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MICROVAST HOLDINGS INC
NASDAQ:MVST (5/3/2024, 7:07:49 PM)
After market: 0.389 +0 (+1.14%)0.3846
-0.02 (-4.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap122.00M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.7% | ||
| ROE | -18.85% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.66% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-69.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)49.93%
Revenue growth 3Y41.82%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y