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ELECTRAMECCANICA VEHICLES CO (SOLO) Stock Fundamental Analysis

USA - NASDAQ:SOLO - CA2848492054 - Common Stock

0.2122 USD
-0.01 (-3.55%)
Last: 3/25/2024, 8:00:02 PM
0.2151 USD
+0 (+1.37%)
After Hours: 3/25/2024, 8:00:02 PM
Fundamental Rating

3

Taking everything into account, SOLO scores 3 out of 10 in our fundamental rating. SOLO was compared to 36 industry peers in the Automobiles industry. No worries on liquidiy or solvency for SOLO as it has an excellent financial health rating, but there are worries on the profitability. SOLO is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SOLO had negative earnings in the past year.
In the past year SOLO has reported a negative cash flow from operations.
SOLO had negative earnings in each of the past 5 years.
SOLO had a negative operating cash flow in each of the past 5 years.
SOLO Yearly Net Income VS EBIT VS OCF VS FCFSOLO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 -20M -40M -60M -80M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of -61.19%, SOLO is doing worse than 75.00% of the companies in the same industry.
SOLO has a Return On Equity of -78.82%. This is comparable to the rest of the industry: SOLO outperforms 42.50% of its industry peers.
Industry RankSector Rank
ROA -61.19%
ROE -78.82%
ROIC N/A
ROA(3y)-48.21%
ROA(5y)-57.47%
ROE(3y)-63.92%
ROE(5y)-80.38%
ROIC(3y)N/A
ROIC(5y)N/A
SOLO Yearly ROA, ROE, ROICSOLO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 0 0 0 0 0 0 0 0 0 0

1.3 Margins

SOLO has a better Gross Margin (60.61%) than 100.00% of its industry peers.
SOLO's Gross Margin has improved in the last couple of years.
SOLO does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 60.61%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y39.41%
SOLO Yearly Profit, Operating, Gross MarginsSOLO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K -8K -10K

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7

2. Health

2.1 Basic Checks

SOLO does not have a ROIC to compare to the WACC, probably because it is not profitable.
SOLO has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SOLO has been increased compared to 5 years ago.
There is no outstanding debt for SOLO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SOLO Yearly Shares OutstandingSOLO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
SOLO Yearly Total Debt VS Total AssetsSOLO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

2.2 Solvency

Based on the Altman-Z score of -4.93, we must say that SOLO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SOLO (-4.93) is worse than 70.00% of its industry peers.
SOLO 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 -4.93
ROIC/WACCN/A
WACC11.02%
SOLO Yearly LT Debt VS Equity VS FCFSOLO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M

2.3 Liquidity

SOLO has a Current Ratio of 13.36. This indicates that SOLO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 13.36, SOLO belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
A Quick Ratio of 12.91 indicates that SOLO has no problem at all paying its short term obligations.
SOLO has a better Quick ratio (12.91) than 95.00% of its industry peers.
Industry RankSector Rank
Current Ratio 13.36
Quick Ratio 12.91
SOLO Yearly Current Assets VS Current LiabilitesSOLO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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4

3. Growth

3.1 Past

SOLO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.53%, which is quite impressive.
The Revenue for SOLO has decreased by -91.20% in the past year. This is quite bad
SOLO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.28% yearly.
EPS 1Y (TTM)61.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%79.54%
Revenue 1Y (TTM)-91.2%
Revenue growth 3Y2.2%
Revenue growth 5Y0.28%
Sales Q2Q%-100%

3.2 Future

Based on estimates for the next years, SOLO will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.22% on average per year.
Based on estimates for the next years, SOLO will show a very strong growth in Revenue. The Revenue will grow by 607.11% on average per year.
EPS Next Y36.37%
EPS Next 2Y-10.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-100%
Revenue Next 2Y607.11%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SOLO Yearly Revenue VS EstimatesSOLO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2025 10M 20M 30M
SOLO Yearly EPS VS EstimatesSOLO Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 -0.5 -1

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SOLO. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SOLO. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SOLO Price Earnings VS Forward Price EarningsSOLO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SOLO Per share dataSOLO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 -0.4 0.6

4.3 Compensation for Growth

SOLO's earnings are expected to decrease with -10.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.22%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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ELECTRAMECCANICA VEHICLES CO

NASDAQ:SOLO (3/25/2024, 8:00:02 PM)

After market: 0.2151 +0 (+1.37%)

0.2122

-0.01 (-3.55%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-08 2024-03-08/amc
Earnings (Next)05-13 2024-05-13/amc
Inst Owners0.41%
Inst Owner Change-3.98%
Ins Owners4.31%
Ins Owner Change0%
Market Cap25.36M
Revenue(TTM)600.00K
Net Income(TTM)-57.59M
Analysts43.33
Price Target0.97 (357.12%)
Short Float %N/A
Short RatioN/A
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)-35.62%
Min EPS beat(2)-63.4%
Max EPS beat(2)-7.84%
EPS beat(4)2
Avg EPS beat(4)-6.22%
Min EPS beat(4)-63.4%
Max EPS beat(4)28.46%
EPS beat(8)2
Avg EPS beat(8)-76.7%
EPS beat(12)3
Avg EPS beat(12)-49.7%
EPS beat(16)4
Avg EPS beat(16)-72.81%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 42.26
P/FCF N/A
P/OCF N/A
P/B 0.35
P/tB 0.35
EV/EBITDA N/A
EPS(TTM)-0.53
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)-0.52
FCFYN/A
OCF(TTM)-0.52
OCFYN/A
SpS0.01
BVpS0.61
TBVpS0.61
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -61.19%
ROE -78.82%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 60.61%
FCFM N/A
ROA(3y)-48.21%
ROA(5y)-57.47%
ROE(3y)-63.92%
ROE(5y)-80.38%
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 5Y39.41%
F-Score4
Asset Turnover0.01
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 21.63%
Cap/Sales 124.24%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 13.36
Quick Ratio 12.91
Altman-Z -4.93
F-Score4
WACC11.02%
ROIC/WACCN/A
Cap/Depr(3y)71.13%
Cap/Depr(5y)128.93%
Cap/Sales(3y)131.13%
Cap/Sales(5y)222.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)61.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%79.54%
EPS Next Y36.37%
EPS Next 2Y-10.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-91.2%
Revenue growth 3Y2.2%
Revenue growth 5Y0.28%
Sales Q2Q%-100%
Revenue Next Year-100%
Revenue Next 2Y607.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y50.71%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year32.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y28.92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26.94%
OCF growth 3YN/A
OCF growth 5YN/A

ELECTRAMECCANICA VEHICLES CO / SOLO FAQ

What is the ChartMill fundamental rating of ELECTRAMECCANICA VEHICLES CO (SOLO) stock?

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


What is the valuation status for SOLO stock?

ChartMill assigns a valuation rating of 0 / 10 to ELECTRAMECCANICA VEHICLES CO (SOLO). This can be considered as Overvalued.


What is the profitability of SOLO stock?

ELECTRAMECCANICA VEHICLES CO (SOLO) has a profitability rating of 2 / 10.


What is the expected EPS growth for ELECTRAMECCANICA VEHICLES CO (SOLO) stock?

The Earnings per Share (EPS) of ELECTRAMECCANICA VEHICLES CO (SOLO) is expected to grow by 36.37% in the next year.