Electrovaya Inc.

TSX:ELVA Stock Report

Market Cap: CA$389.8m

Electrovaya Future Growth

Future criteria checks 5/6

Electrovaya is forecast to grow earnings and revenue by 50.4% and 30.9% per annum respectively while EPS is expected to grow by 49.7% per annum.

Key information

50.4%

Earnings growth rate

49.68%

EPS growth rate

Electrical earnings growth21.6%
Revenue growth rate30.9%
Future return on equityn/a
Analyst coverage

Low

Last updated29 Aug 2025

Recent future growth updates

Recent updates

There's No Escaping Electrovaya Inc.'s (TSE:ELVA) Muted Revenues Despite A 25% Share Price Rise

Sep 14
There's No Escaping Electrovaya Inc.'s (TSE:ELVA) Muted Revenues Despite A 25% Share Price Rise

Electrovaya Inc. (TSE:ELVA) Shares Fly 38% But Investors Aren't Buying For Growth

Jul 28
Electrovaya Inc. (TSE:ELVA) Shares Fly 38% But Investors Aren't Buying For Growth

Electrovaya (TSE:ELVA) Takes On Some Risk With Its Use Of Debt

Jul 11
Electrovaya (TSE:ELVA) Takes On Some Risk With Its Use Of Debt
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Jamestown Cell Manufacturing And Battery Insights Will Build Resilience

Electrovaya's strategic focus on diverse, recurring revenue streams and manufacturing expansion suggests potential for improved revenue growth and operational efficiency.

Why Investors Shouldn't Be Surprised By Electrovaya Inc.'s (TSE:ELVA) Low P/S

May 16
Why Investors Shouldn't Be Surprised By Electrovaya Inc.'s (TSE:ELVA) Low P/S

Is Electrovaya (TSE:ELVA) Using Too Much Debt?

Mar 19
Is Electrovaya (TSE:ELVA) Using Too Much Debt?

There's Been No Shortage Of Growth Recently For Electrovaya's (TSE:ELVA) Returns On Capital

Mar 05
There's Been No Shortage Of Growth Recently For Electrovaya's (TSE:ELVA) Returns On Capital

Electrovaya Inc. (TSE:ELVA) Stock Rockets 26% But Many Are Still Ignoring The Company

Nov 26
Electrovaya Inc. (TSE:ELVA) Stock Rockets 26% But Many Are Still Ignoring The Company

Not Many Are Piling Into Electrovaya Inc. (TSE:ELVA) Just Yet

Sep 16
Not Many Are Piling Into Electrovaya Inc. (TSE:ELVA) Just Yet

Electrovaya Inc. (TSE:ELVA) Analysts Are Reducing Their Forecasts For Next Year

Aug 15
Electrovaya Inc. (TSE:ELVA) Analysts Are Reducing Their Forecasts For Next Year

Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden

Aug 03
Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden

Market Cool On Electrovaya Inc.'s (TSE:ELVA) Revenues

May 21
Market Cool On Electrovaya Inc.'s (TSE:ELVA) Revenues

These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively

Dec 05
These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively

Is Electrovaya (TSE:ELVA) A Risky Investment?

Aug 30
Is Electrovaya (TSE:ELVA) A Risky Investment?

Earnings and Revenue Growth Forecasts

TSX:ELVA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/20271341916204
9/30/2026929-33115
9/30/2025643-555
6/30/2025551-9-7N/A
3/31/2025480-5-4N/A
12/31/202444-200N/A
9/30/202445-111N/A
6/30/2024491-1-1N/A
3/31/202450000N/A
12/31/2023481-1-1N/A
9/30/202344-1-6-5N/A
6/30/202334-7-3-2N/A
3/31/202328-8-6-6N/A
12/31/202224-10-9-9N/A
9/30/202216-9-9-9N/A
6/30/202214-8-11-11N/A
3/31/202212-8-11-10N/A
12/31/202110-8-10-9N/A
9/30/202112-8-9-8N/A
6/30/202114-6-12-11N/A
3/31/2021170-6-5N/A
12/31/2020161-5-5N/A
9/30/2020151-4-4N/A
6/30/20208-1-2-2N/A
3/31/20204-7-6-6N/A
12/31/20194-8-4-4N/A
9/30/20195-3-3-3N/A
6/30/20196-3-4-4N/A
3/31/20195-4N/A-6N/A
12/31/20187-5N/A-4N/A
9/30/20186-10N/A-7N/A
6/30/20185-9N/A-8N/A
3/31/20185-9N/A-12N/A
12/31/20172-7N/A-19N/A
9/30/20172-5N/A-19N/A
6/30/20176-9N/A-19N/A
3/31/20178-10N/A-17N/A
12/31/201612-13N/A-9N/A
9/30/201620-9N/A-8N/A
6/30/201625-2N/A0N/A
3/31/2016280N/A2N/A
12/31/2015252N/A-1N/A
9/30/201517-3N/A0N/A
6/30/20158-5N/A-6N/A
3/31/20155-5N/A-4N/A
12/31/20146-5N/A-5N/A
9/30/20147-3N/A-5N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELVA's forecast earnings growth (50.4% per year) is above the savings rate (2.6%).

Earnings vs Market: ELVA's earnings (50.4% per year) are forecast to grow faster than the Canadian market (11.1% per year).

High Growth Earnings: ELVA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ELVA's revenue (30.9% per year) is forecast to grow faster than the Canadian market (3.9% per year).

High Growth Revenue: ELVA's revenue (30.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ELVA's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/21 16:55
End of Day Share Price 2025/09/19 00:00
Earnings2025/06/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Electrovaya Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carter DriscollB. Riley Securities, Inc.
Michael WillemseCIBC Capital Markets
Bryce DilleCitizens JMP Securities, LLC