ELECTRAMECCANICA VEHICLES CO (SOLO)
CA2848492054 - Common Stock
Overall SOLO gets a fundamental rating of 3 out of 10. We evaluated SOLO against 40 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.
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.
In the past 5 years SOLO always reported negative net income.
SOLO had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
SOLO's Return On Assets of -61.19% is on the low side compared to the rest of the industry. SOLO is outperformed by 75.00% of its industry peers.
SOLO has a Return On Equity (-78.82%) which is comparable to the rest of the industry.
| Industry Rank | Sector 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
1.3 Margins
The Gross Margin of SOLO (60.61%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of SOLO has grown nicely.
SOLO does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector 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%
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.
2.2 Solvency
SOLO has an Altman-Z score of -4.93. This is a bad value and indicates that SOLO is not financially healthy and even has some risk of bankruptcy.
SOLO has a Altman-Z score of -4.93. This is in the lower half of the industry: SOLO underperforms 70.00% of its industry peers.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -4.93 |
ROIC/WACCN/A
WACC11.02%
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.
The Current ratio of SOLO (13.36) is better than 95.00% of its industry peers.
A Quick Ratio of 12.91 indicates that SOLO has no problem at all paying its short term obligations.
SOLO's Quick ratio of 12.91 is amongst the best of the industry. SOLO outperforms 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 13.36 | ||
| Quick Ratio | 12.91 |
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
Measured over the past years, SOLO shows a small growth in Revenue. The Revenue has been growing by 0.28% on average per year.
EPS 1Y (TTM)61.53%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q79.54%
Revenue 1Y (TTM)-91.2%
Revenue growth 3Y2.2%
Revenue growth 5Y0.28%
Revenue growth Q2Q-100%
3.2 Future
The Earnings Per Share is expected to decrease by -10.22% on average over the next years. This is quite bad
The Revenue is expected to grow by 607.11% on average over the next years. This is a very strong growth
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
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
SOLO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SOLO 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
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
5. Dividend
5.1 Amount
No dividends for SOLO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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 SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap25.36M
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)
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EPS beat(16)
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PT rev (1m)
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Revenue NQ rev (1m)
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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 | -61.19% | ||
| ROE | -78.82% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 60.61% | ||
| 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 Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 13.36 | ||
| Quick Ratio | 12.91 | ||
| 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)61.53%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y36.37%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-91.2%
Revenue growth 3Y2.2%
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