TSXV:GPV

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Executive Summary

GreenPower Motor Company Inc. develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. More Details


Snowflake Analysis

High growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has GreenPower Motor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GPV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

GPV

1.3%

CA Machinery

1.1%

CA Market


1 Year Return

427.1%

GPV

-11.2%

CA Machinery

-5.6%

CA Market

Return vs Industry: GPV exceeded the Canadian Machinery industry which returned -12.5% over the past year.

Return vs Market: GPV exceeded the Canadian Market which returned -5.7% over the past year.


Shareholder returns

GPVIndustryMarket
7 Day-4.5%1.3%1.1%
30 Day-42.3%-5.1%-2.4%
90 Day184.9%2.5%4.5%
1 Year427.1%427.1%-9.0%-11.2%-2.2%-5.6%
3 Year427.1%427.1%-26.7%-32.0%6.3%-4.0%
5 Year778.6%778.6%20.6%10.3%34.4%13.7%

Price Volatility Vs. Market

How volatile is GreenPower Motor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GreenPower Motor undervalued compared to its fair value and its price relative to the market?

18.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GPV (CA$14.76) is trading below our estimate of fair value (CA$18.06)

Significantly Below Fair Value: GPV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GPV is unprofitable, so we can't compare its PE Ratio to the CA Machinery industry average.

PE vs Market: GPV is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GPV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GPV has negative assets, so we can't compare its PB Ratio to the CA Machinery industry average.


Next Steps

Future Growth

How is GreenPower Motor forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

66.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: GPV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GPV's is expected to become profitable in the next 3 years.

Revenue vs Market: GPV's revenue (52.1% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: GPV's revenue (52.1% 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 GPV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has GreenPower Motor performed over the past 5 years?

-13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GPV is currently unprofitable.

Growing Profit Margin: GPV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GPV is unprofitable, and losses have increased over the past 5 years at a rate of 13.4% per year.

Accelerating Growth: Unable to compare GPV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GPV is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (53.6%).


Return on Equity

High ROE: GPV's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is GreenPower Motor's financial position?


Financial Position Analysis

Short Term Liabilities: GPV has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GPV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GPV has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GPV's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GPV has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GPV is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is GreenPower Motor current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GPV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GPV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GPV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GPV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GPV's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Fraser Atkinson (62 yo)

1.25yrs

Tenure

US$203,750

Compensation

Mr. Fraser Atkinson, CPA, has been Advisor of Grizzly Discoveries Incorporated since February 6, 2018. He serves as the President of Koko Financial Services Ltd. He served as the Chief Executive Officer of ...


CEO Compensation Analysis

Compensation vs Market: Fraser's total compensation ($USD203.75K) is below average for companies of similar size in the Canadian market ($USD689.84K).

Compensation vs Earnings: Fraser's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Fraser Atkinson
Executive Chairman & CEO1.25yrsUS$203.75k9.52%
$ 24.6m
Brendan Riley
President & Director1.17yrsUS$243.01k0.20%
$ 508.7k
Michael Sieffert
CFO & Secretary1.75yrsUS$212.06k0.063%
$ 161.5k
Ryne Shetterly
Vice President of Sales & Marketing2.75yrsUS$206.00k0.23%
$ 589.4k
Anne Rutto
Controller2yrsUS$65.75kno data

2.0yrs

Average Tenure

45yo

Average Age

Experienced Management: GPV's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fraser Atkinson
Executive Chairman & CEO1.25yrsUS$203.75k9.52%
$ 24.6m
Brendan Riley
President & Director1.17yrsUS$243.01k0.20%
$ 508.7k
Malcolm Clay
Independent Director9.5yrsno data2%
$ 5.2m
David Richardson
Independent Director5.5yrsno data6.38%
$ 16.5m
Catherine McLay
Independent Director0.67yrno data0.053%
$ 137.3k
Mark Achtemichuk
Independent Director9.5yrsno data0.29%
$ 746.0k

7.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: GPV's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GPV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19%.


Top Shareholders

Company Information

GreenPower Motor Company Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GreenPower Motor Company Inc.
  • Ticker: GPV
  • Exchange: TSXV
  • Founded:
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: CA$258.349m
  • Shares outstanding: 18.28m
  • Website: https://www.greenpowerbus.com

Location

  • GreenPower Motor Company Inc.
  • 209 Carrall Street
  • Suite 240
  • Vancouver
  • British Columbia
  • V6B 2J2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPVTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2014
GPNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDDec 2014
GRT1DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2014

Biography

GreenPower Motor Company Inc. develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. It offers all-electric transit, school, and charter buses. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 00:55
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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 here.