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.


Snowflake Analysis

High growth potential with imperfect balance sheet.

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

4.0%

GPV

7.2%

CA Machinery

1.6%

CA Market


1 Year Return

-16.1%

GPV

-23.0%

CA Machinery

-14.5%

CA Market

Return vs Industry: GPV exceeded the Canadian Machinery industry which returned -23% over the past year.

Return vs Market: GPV underperformed the Canadian Market which returned -14.5% over the past year.


Shareholder returns

GPVIndustryMarket
7 Day4.0%7.2%1.6%
30 Day39.3%14.5%3.6%
90 Day20.0%-17.9%-15.0%
1 Year-16.1%-16.1%-20.8%-23.0%-11.5%-14.5%
3 Year-32.8%-32.8%-29.5%-34.8%-2.2%-11.3%
5 Year90.2%90.2%-2.4%-10.4%11.8%-4.4%

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?

34.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GPV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GPV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GPV is unprofitable, so we can't compare its PE Ratio to the 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 is overvalued based on its PB Ratio (34.5x) compared to the CA Machinery industry average (2x).


Next Steps

Future Growth

How is GreenPower Motor forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

113.5%

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 (49.5% per year) is forecast to grow faster than the Canadian market (5.5% per year).

High Growth Revenue: GPV's revenue (49.5% 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?

-11.5%

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 -11.5% 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 (-9.5%).


Return on Equity

High ROE: GPV has a negative Return on Equity (-523.36%), as it is currently unprofitable.


Next Steps

Financial Health

How is GreenPower Motor's financial position?


Financial Position Analysis

Short Term Liabilities: GPV's short term assets ($11.0M) exceed its short term liabilities ($8.6M).

Long Term Liabilities: GPV's short term assets ($11.0M) exceed its long term liabilities ($7.3M).


Debt to Equity History and Analysis

Debt Level: GPV's debt to equity ratio (1325.6%) is considered high.

Reducing Debt: GPV's debt to equity ratio has increased from 21% to 1325.6% over the past 5 years.


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GPV has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.7% each year


Next Steps

Dividend

What is GreenPower Motor's 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?

1.7yrs

Average management tenure


CEO

Fraser Atkinson (61yo)

0.92

Tenure

US$173,114

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 ($USD123.86K) is about average for companies of similar size in the Canadian market ($USD155.78K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Fraser Atkinson
Executive Chairman & CEO0.92yrUS$173.11k10.88% $4.6m
Brendan Riley
President & Director0.83yrUS$324.60k0.23% $98.3k
Michael Sieffert
CFO & Secretary1.42yrsUS$189.11k0.074% $31.2k
Ryne Shetterly
Vice President of Sales & Marketing2.33yrsno data0.28% $118.6k
Anne Rutto
Controller1.67yrsno datano data

1.7yrs

Average Tenure

Experienced Management: GPV's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Fraser Atkinson
Executive Chairman & CEO0.92yrUS$173.11k10.88% $4.6m
Brendan Riley
President & Director0.83yrUS$324.60k0.23% $98.3k
Malcolm Clay
Independent Director9.25yrsUS$15.00k2.36% $996.4k
David Richardson
Independent Director5.17yrsUS$15.00k7.53% $3.2m
Catherine McLay
Independent Director0.33yrno data0.063% $26.5k
Mark Achtemichuk
Independent Director9.25yrsUS$37.88k0.34% $144.1k

7.2yrs

Average Tenure

62yo

Average Age

Experienced Board: GPV's board of directors are considered experienced (7.2 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 not been meaningfully diluted in the past year.


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$42.279m
  • Shares outstanding: 108.41m
  • 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
GPVR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2014
GRTDB (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 a suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, cargo vans, and double deckers. The company is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 03:53
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.