Envirotech Vehicles, Inc. (NASDAQ: EVTV)

Sector: Consumer Cyclical Industry: Auto Manufacturers CIK: 0001563568
Market Cap 5.60 Mn
P/B 3.01
P/E -0.20
P/S 1.51
ROIC (Qtr) -298.32
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 3.97 Mn
Debt/Equity (Qtr) 2.13

About

Price action

Investment thesis

Bull case

  • Operating cash flow of (6.95M) provides exceptional 97.74x coverage of interest expenses (71120), showing strong debt service capability.
  • Strong tangible asset base of 18.20M provides 4.58x coverage of total debt 3.97M, indicating robust asset backing and low credit risk.
  • Free cash flow of (7.33M) provides exceptional 103.06x coverage of interest expense (71120), showing strong debt service ability.
  • Operating cash flow of (6.95M) fully covers other non-current liabilities (6.53M) by 1.07x, showing strong long-term stability.
  • Operating cash flow of (6.95M) exceeds working capital of (499432) by 13.92x, showing strong operational efficiency.

Bear case

  • With cash reserves of 77595 against inventory of 12.32M, the 0.01 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • Investment activities of (4.65M) provide weak support for R&D spending of 772342, which is -6.03x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 77595 provide limited coverage of acquisition spending of (4.28M), which is -0.02x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of (6.95M) provides insufficient coverage of deferred revenue obligations of 6.53M, which is -1.07x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (6.95M) shows concerning coverage of stock compensation expenses of 632274, with a -10.99 ratio indicating potential earnings quality issues.

Peer comparison

Companies in the Auto Manufacturers
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TSLA Tesla, Inc. 1,386.72 Bn 263.09 14.50 7.70 Bn
2 TM Toyota Motor Corp/ 286.80 Bn 9.26 0.87 287.20 Bn
3 GM General Motors Co 81.08 Bn 25.50 0.44 130.28 Bn
4 RACE Ferrari N.V. 59.53 Bn 31.60 7.15 3.38 Bn
5 F Ford Motor Co 55.12 Bn 17.49 0.30 161.94 Bn
6 HMC Honda Motor Co Ltd 42.13 Bn 9.65 0.29 88.09 Bn
7 STLA Stellantis N.V. 29.73 Bn -10.57 0.17 -
8 XPEV Xpeng Inc. 17.74 Bn -44.29 1.79 4.87 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.59 1.20
EV to Cash from Ops. EV/CFO -1.55 5.88
EV to Debt EV to Debt 2.71 28.94
EV to EBIT EV/EBIT -0.39 11.38
EV to EBITDA EV/EBITDA -0.42 7.73
EV to Free Cash Flow [EV/FCF] EV/FCF -1.47 8.79
EV to Market Cap EV to Market Cap 1.92 304,683.06
EV to Revenue EV/Rev 2.91 16.98
Price to Book Value [P/B] P/B 3.01 3.04
Price to Earnings [P/E] P/E -0.20 9.04
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.59
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 6.04
Dividend per Basic Share Div per Share (Qtr) 0.00 0.36
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.58
Interest Coverage Int. cover (Qtr) 392.83 8.74
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -65.48 -59.34
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -88.63 62.23
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.34
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -190.58 -1,057.18
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -188.04 -19.82
EBIT Growth (1y) % EBIT 1y % (Qtr) -190.58 -1,011.94
EBT Growth (1y) % EBT 1y % (Qtr) -187.41 -216.80
EPS Growth (1y) % EPS 1y % (Qtr) -85.90 -59.11
FCF Growth (1y) % FCF 1y % (Qtr) -95.46 -21.21
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -412.84 -10.92
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.20 0.33
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 0.00 0.40
Current Ratio Curr Ratio (Qtr) 0.97 1.21
Debt to Equity Ratio Debt/Equity (Qtr) 2.13 0.99
Interest Cover Ratio Int Coverage (Qtr) 392.83 8.74
Times Interest Earned Times Interest Earned (Qtr) 392.83 8.74
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -729.60 -2,589.89
EBIT Margin % EBIT Margin % (Qtr) -755.73 -104,371.67
EBT Margin % EBT Margin % (Qtr) -753.81 -3,156.67
Gross Margin % Gross Margin % (Qtr) -31.00 -649.09
Net Profit Margin % Net Margin % (Qtr) -753.80 -3,158.82