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GPV

GreenPower Motor TSXV:GPV Stock Report

Last Price

CA$4.20

Market Cap

CA$97.2m

7D

-6.0%

1Y

-80.5%

Updated

06 Jul, 2022

Data

Company Financials +
GPV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

GPV Stock Overview

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

GreenPower Motor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GreenPower Motor
Historical stock prices
Current Share PriceCA$4.20
52 Week HighCA$23.05
52 Week LowCA$4.12
Beta3.58
1 Month Change-21.50%
3 Month Change-59.89%
1 Year Change-80.54%
3 Year Change3.45%
5 Year Change9.09%
Change since IPO50.00%

Recent News & Updates

Shareholder Returns

GPVCA MachineryCA Market
7D-6.0%-0.7%-2.1%
1Y-80.5%-48.9%-5.7%

Return vs Industry: GPV underperformed the Canadian Machinery industry which returned -49.4% over the past year.

Return vs Market: GPV underperformed the Canadian Market which returned -5.3% over the past year.

Price Volatility

Is GPV's price volatile compared to industry and market?
GPV volatility
GPV Average Weekly Movement10.9%
Machinery Industry Average Movement9.6%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market4.4%

Stable Share Price: GPV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GPV's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a69Fraser Atkinsonhttps://www.greenpowermotor.com

GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis. It sells and leases its vehicles to customers directly and through distributors.

GreenPower Motor Fundamentals Summary

How do GreenPower Motor's earnings and revenue compare to its market cap?
GPV fundamental statistics
Market CapUS$74.43m
Earnings (TTM)-US$15.01m
Revenue (TTM)US$17.24m

4.3x

P/S Ratio

-5.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPV income statement (TTM)
RevenueUS$17.24m
Cost of RevenueUS$13.36m
Gross ProfitUS$3.88m
Other ExpensesUS$18.89m
Earnings-US$15.01m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 08, 2022

Earnings per share (EPS)-0.65
Gross Margin22.49%
Net Profit Margin-87.08%
Debt/Equity Ratio16.8%

How did GPV perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GPV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GPV?

Other financial metrics that can be useful for relative valuation.

GPV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA-5.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GPV's PS Ratio compare to its peers?

GPV PS Ratio vs Peers
The above table shows the PS ratio for GPV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average15.5x
VMC Vicinity Motor
2.2x84.8%CA$67.2m
DYA dynaCERT
57.1xn/aCA$47.7m
WPRT Westport Fuel Systems
0.6x14.8%CA$224.3m
TGH Tornado Global Hydrovacs
2xn/aCA$68.5m
GPV GreenPower Motor
4.3x45.9%CA$97.2m

Price-To-Sales vs Peers: GPV is good value based on its Price-To-Sales Ratio (4.3x) compared to the peer average (15.5x).


Price to Earnings Ratio vs Industry

How does GPV's PE Ratio compare vs other companies in the CA Machinery Industry?

Price-To-Sales vs Industry: GPV is expensive based on its Price-To-Sales Ratio (4.3x) compared to the Canadian Machinery industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is GPV's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GPV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.3x
Fair PS Ratio4.7x

Price-To-Sales vs Fair Ratio: GPV is good value based on its Price-To-Sales Ratio (4.3x) compared to the estimated Fair Price-To-Sales Ratio (4.7x).


Share Price vs Fair Value

What is the Fair Price of GPV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GPV's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GPV's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

How is GreenPower Motor forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


74.3%

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 (1.6%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: GPV's revenue (45.9% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: GPV's revenue (45.9% 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 GPV's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has GreenPower Motor performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.6%

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 31.6% 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 (25.7%).


Return on Equity

High ROE: GPV has a negative Return on Equity (-43.65%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is GreenPower Motor's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GPV's short term assets ($43.1M) exceed its short term liabilities ($11.5M).

Long Term Liabilities: GPV's short term assets ($43.1M) exceed its long term liabilities ($3.7M).


Debt to Equity History and Analysis

Debt Level: GPV has more cash than its total debt.

Reducing Debt: GPV's debt to equity ratio has reduced from 57.8% to 16.8% 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 38.8% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GPV has not reported any payouts.


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Management

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

3.1yrs

Average management tenure


CEO

Fraser Atkinson (64 yo)

3.08yrs

Tenure

US$1,310,874

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 ($USD1.31M) is above average for companies of similar size in the Canadian market ($USD190.30K).

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


Leadership Team

Experienced Management: GPV's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: GPV's board of directors are considered experienced (9.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 7.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: GreenPower Motor Company Inc.
  • Ticker: GPV
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: CA$97.236m
  • Shares outstanding: 23.15m
  • Website: https://www.greenpowermotor.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.