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

  • 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.
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

  • SOLO has a worse Return On Assets (-61.19%) than 75.00% of its industry peers.
  • SOLO's Return On Equity of -78.82% is in line compared 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 2016 2017 2018 2019 2020 2021 2022 2023 -50 -100 -150 -200

1.3 Margins

  • With an excellent Gross Margin value of 60.61%, SOLO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • SOLO's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for SOLO so they could not be analyzed.
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

More info and screens

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

  • 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.
  • 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

  • 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.
  • Looking at the Current ratio, with a value of 13.36, SOLO belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
  • SOLO has a Quick Ratio of 12.91. This indicates that SOLO is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 12.91, SOLO belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
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

More info and screens

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

4

3. SOLO Growth Analysis

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.
  • Looking at the last year, SOLO shows a very negative growth in Revenue. The Revenue has decreased by -91.20% in the last year.
  • 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 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
  • 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.
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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Find the best growth stocksShow best growing peers

0

4. SOLO Valuation Analysis

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 10 20

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

  • SOLO does not give a dividend.
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
Industry Strength2.17
Industry GrowthN/A
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 Number0 (-100%)
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.


How profitable is ELECTRAMECCANICA VEHICLES CO (SOLO) stock?

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