ELECTRAMECCANICA VEHICLES CO (SOLO) Fundamental Analysis & Valuation

NASDAQ:SOLO • CA2848492054

Current stock price

0.2122 USD
-0.01 (-3.55%)
At close:
0.2151 USD
+0 (+1.37%)
After Hours:

This SOLO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. SOLO Profitability Analysis

1.1 Basic Checks

  • In the past year SOLO has reported negative net income.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 -20M -40M -60M -80M -100M

1.2 Ratios

  • With a Return On Assets value of -61.19%, SOLO is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • With a Return On Equity value of -78.82%, SOLO perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
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 2016 2017 2018 2019 2020 2021 2022 2023 -50 -100 -150 -200

1.3 Margins

  • SOLO's Gross Margin of 60.61% is amongst the best of the industry. SOLO outperforms 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 2016 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K -8K -10K

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. SOLO Health Analysis

2.1 Basic Checks

  • SOLO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for SOLO remains at a similar level compared to 1 year ago.
  • SOLO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SOLO Yearly Shares OutstandingSOLO Yearly Shares OutstandingYearly Shares Outstanding 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 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.
  • Looking at the Altman-Z score, with a value of -4.93, SOLO is doing worse than 70.00% of the companies in the same industry.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M

2.3 Liquidity

  • A Current Ratio of 13.36 indicates that SOLO has no problem at all paying its short term obligations.
  • SOLO has a better Current ratio (13.36) 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 has a Quick ratio of 12.91. This is amongst the best in the industry. SOLO outperforms 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 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SOLO Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 61.53% over the past year.
  • SOLO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -91.20%.
  • 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

  • The Earnings Per Share is expected to decrease by -10.22% on average over the next years. This is quite bad
  • 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

More info and screens

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0

4. SOLO Valuation Analysis

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 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 10 20 30 40

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

  • A cheap valuation may be justified as SOLO's earnings are expected to decrease with -10.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.22%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SOLO Dividend Analysis

5.1 Amount

  • No dividends for SOLO!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

Find the best dividend stocksShow peers with best dividend

SOLO Fundamentals: All Metrics, Ratios and Statistics

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
Earnings (Next)05-13
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 Fundamental Analysis FAQ

What is the fundamental rating for SOLO stock?

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


What is the valuation status of ELECTRAMECCANICA VEHICLES CO (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.


Can you provide the financial health for SOLO stock?

The financial health rating of ELECTRAMECCANICA VEHICLES CO (SOLO) is 7 / 10.