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VICINITY MOTOR CORP (VEV) Stock Fundamental Analysis

NASDAQ:VEV - Nasdaq - CA9256541058 - Common Stock - Currency: USD

0.0201  -0.03 (-58.3%)

After market: 0.01 -0.01 (-50.25%)

Fundamental Rating

2

Overall VEV gets a fundamental rating of 2 out of 10. We evaluated VEV against 128 industry peers in the Machinery industry. VEV may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, VEV is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

VEV had negative earnings in the past year.
In the past year VEV has reported a negative cash flow from operations.
In the past 5 years VEV always reported negative net income.
VEV had negative operating cash flow in 4 of the past 5 years.
VEV Yearly Net Income VS EBIT VS OCF VS FCFVEV 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 0 -5M -10M -15M -20M -25M

1.2 Ratios

Looking at the Return On Assets, with a value of -23.02%, VEV is doing worse than 85.16% of the companies in the same industry.
With a Return On Equity value of -95.60%, VEV is not doing good in the industry: 88.28% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -23.02%
ROE -95.6%
ROIC N/A
ROA(3y)-22.86%
ROA(5y)-18.98%
ROE(3y)-49.53%
ROE(5y)-41.17%
ROIC(3y)N/A
ROIC(5y)N/A
VEV Yearly ROA, ROE, ROICVEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 100 200

1.3 Margins

VEV has a Gross Margin of 11.96%. This is amonst the worse of the industry: VEV underperforms 89.84% of its industry peers.
In the last couple of years the Gross Margin of VEV has declined.
VEV 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 11.96%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.24%
GM growth 5Y-8%
VEV Yearly Profit, Operating, Gross MarginsVEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60 -80

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2. Health

2.1 Basic Checks

VEV does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, VEV has more shares outstanding
VEV has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, VEV has a worse debt to assets ratio.
VEV Yearly Shares OutstandingVEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
VEV Yearly Total Debt VS Total AssetsVEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

VEV has an Altman-Z score of -1.25. This is a bad value and indicates that VEV is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -1.25, VEV is not doing good in the industry: 84.38% of the companies in the same industry are doing better.
VEV has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
VEV's Debt to Equity ratio of 1.09 is on the low side compared to the rest of the industry. VEV is outperformed by 84.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Altman-Z -1.25
ROIC/WACCN/A
WACC6.33%
VEV Yearly LT Debt VS Equity VS FCFVEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M

2.3 Liquidity

VEV has a Current Ratio of 0.90. This is a bad value and indicates that VEV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of VEV (0.90) is worse than 94.53% of its industry peers.
VEV has a Quick Ratio of 0.90. This is a bad value and indicates that VEV is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.33, VEV is doing worse than 94.53% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.33
VEV Yearly Current Assets VS Current LiabilitesVEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 19.88% over the past year.
Looking at the last year, VEV shows a very strong growth in Revenue. The Revenue has grown by 65.17%.
The Revenue for VEV have been decreasing by -18.22% on average. This is quite bad
EPS 1Y (TTM)19.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-116%
Revenue 1Y (TTM)65.17%
Revenue growth 3Y9.52%
Revenue growth 5Y-18.22%
Sales Q2Q%399.25%

3.2 Future

Based on estimates for the next years, VEV will show a very strong growth in Earnings Per Share. The EPS will grow by 59.24% on average per year.
VEV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 72.73% yearly.
EPS Next Y-24.01%
EPS Next 2Y59.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year368.6%
Revenue Next 2Y72.73%
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.
VEV Yearly Revenue VS EstimatesVEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
VEV Yearly EPS VS EstimatesVEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -0.2 -0.4 -0.6

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for VEV. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 0.11, the valuation of VEV can be described as very cheap.
Based on the Price/Forward Earnings ratio, VEV is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.44, VEV is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 0.11
VEV Price Earnings VS Forward Price EarningsVEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

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

4.3 Compensation for Growth

A more expensive valuation may be justified as VEV's earnings are expected to grow with 59.24% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y59.24%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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VICINITY MOTOR CORP

NASDAQ:VEV (10/30/2024, 8:00:02 PM)

After market: 0.01 -0.01 (-50.25%)

0.0201

-0.03 (-58.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)08-28 2024-08-28/amc
Earnings (Next)11-27 2024-11-27/amc
Inst Owners1.21%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01M
Analysts37.5
Price Target0.81 (3929.85%)
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)-49.24%
Min EPS beat(2)-55.33%
Max EPS beat(2)-43.15%
EPS beat(4)1
Avg EPS beat(4)-21.19%
Min EPS beat(4)-61.81%
Max EPS beat(4)75.52%
EPS beat(8)3
Avg EPS beat(8)-170.16%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-76.95%
Min Revenue beat(2)-77.9%
Max Revenue beat(2)-76.01%
Revenue beat(4)0
Avg Revenue beat(4)-64.03%
Min Revenue beat(4)-77.9%
Max Revenue beat(4)-42.98%
Revenue beat(8)1
Avg Revenue beat(8)-55.47%
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)7.97%
PT rev (3m)-47.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-9.34%
EPS NY rev (3m)-103.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 0.11
P/S 0.03
P/FCF N/A
P/OCF N/A
P/B 0.05
P/tB 0.11
EV/EBITDA N/A
EPS(TTM)-0.4
EYN/A
EPS(NY)0.18
Fwd EY909.12%
FCF(TTM)-0.46
FCFYN/A
OCF(TTM)-0.41
OCFYN/A
SpS0.59
BVpS0.37
TBVpS0.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -23.02%
ROE -95.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.96%
FCFM N/A
ROA(3y)-22.86%
ROA(5y)-18.98%
ROE(3y)-49.53%
ROE(5y)-41.17%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y-5.24%
GM growth 5Y-8%
F-Score3
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 152.32%
Cap/Sales 8.19%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.33
Altman-Z -1.25
F-Score3
WACC6.33%
ROIC/WACCN/A
Cap/Depr(3y)836.65%
Cap/Depr(5y)541.15%
Cap/Sales(3y)44.7%
Cap/Sales(5y)28.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-116%
EPS Next Y-24.01%
EPS Next 2Y59.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)65.17%
Revenue growth 3Y9.52%
Revenue growth 5Y-18.22%
Sales Q2Q%399.25%
Revenue Next Year368.6%
Revenue Next 2Y72.73%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year448.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-289.64%
OCF growth 3YN/A
OCF growth 5YN/A