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GPV

GreenPower Motor TSXV:GPV Stock Report

Last Price

CA$3.30

Market Cap

CA$76.4m

7D

2.2%

1Y

-80.7%

Updated

04 Oct, 2022

Data

Company Financials +
GPV fundamental analysis
Snowflake Score
Valuation1/6
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$3.30
52 Week HighCA$20.50
52 Week LowCA$3.01
Beta3.43
1 Month Change-17.50%
3 Month Change-21.43%
1 Year Change-80.72%
3 Year Change27.41%
5 Year Change13.60%
Change since IPO17.86%

Recent News & Updates

Aug 15
Health Check: How Prudently Does GreenPower Motor (CVE:GPV) Use Debt?

Health Check: How Prudently Does GreenPower Motor (CVE:GPV) Use Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

GPVCA MachineryCA Market
7D2.2%8.7%5.7%
1Y-80.7%-32.9%-2.5%

Return vs Industry: GPV underperformed the Canadian Machinery industry which returned -35.4% over the past year.

Return vs Market: GPV underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is GPV's price volatile compared to industry and market?
GPV volatility
GPV Average Weekly Movement9.2%
Machinery Industry Average Movement9.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: GPV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GPV's weekly volatility (9%) 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 CapCA$76.40m
Earnings (TTM)-CA$23.18m
Revenue (TTM)CA$24.55m

3.1x

P/S Ratio

-3.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPV income statement (TTM)
RevenueUS$18.11m
Cost of RevenueUS$13.97m
Gross ProfitUS$4.13m
Other ExpensesUS$21.23m
Earnings-US$17.09m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.74
Gross Margin22.83%
Net Profit Margin-94.40%
Debt/Equity Ratio30.7%

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

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

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/Revenue3.3x
Enterprise Value/EBITDA-3.8x
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 Average1.5x
VMC Vicinity Motor
2.2x99.1%CA$57.3m
TGH Tornado Global Hydrovacs
1.6xn/aCA$67.6m
WPRT Westport Fuel Systems
0.5x15.0%CA$215.7m
KLS Kelso Technologies
1.7xn/aCA$22.8m
GPV GreenPower Motor
3.1x57.0%CA$76.4m

Price-To-Sales vs Peers: GPV is expensive based on its Price-To-Sales Ratio (3.1x) compared to the peer average (1.5x).


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 (3.1x) compared to the Canadian Machinery industry average (1.6x)


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 Ratio3.1x
Fair PS Ratio7.9x

Price-To-Sales vs Fair Ratio: GPV is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (7.9x).


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.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is GreenPower Motor forecast to perform in the next 1 to 3 years based on estimates from 6 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


83.6%

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 (1.6%).

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 (57% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: GPV's revenue (57% 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


-35.0%

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 35% 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 (59.8%).


Return on Equity

High ROE: GPV has a negative Return on Equity (-53.96%), as it is currently unprofitable.


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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 ($50.8M) exceed its short term liabilities ($22.5M).

Long Term Liabilities: GPV's short term assets ($50.8M) exceed its long term liabilities ($2.3M).


Debt to Equity History and Analysis

Debt Level: GPV's net debt to equity ratio (13.5%) is considered satisfactory.

Reducing Debt: GPV's debt to equity ratio has reduced from 98.1% to 30.7% 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 37.2% 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

GreenPower Motor Dividend Yield vs Market
How does GreenPower Motor dividend yield compare to the market?
SegmentDividend Yield
Company (GreenPower Motor)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)5.9%
Industry Average (Machinery)1.9%
Analyst forecast in 3 Years (GreenPower Motor)n/a

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.


Discover strong dividend paying companies

Management

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

2.4yrs

Average management tenure


CEO

Fraser Atkinson (64 yo)

11.67yrs

Tenure

US$281,250

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

Fraser Atkinson's Compensation vs GreenPower Motor Earnings
How has Fraser Atkinson's remuneration changed compared to GreenPower Motor's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$17m

Mar 31 2022US$281kUS$225k

-US$15m

Dec 31 2021n/an/a

-US$11m

Sep 30 2021n/an/a

-US$10m

Jun 30 2021n/an/a

-US$9m

Mar 31 2021US$1mn/a

-US$8m

Dec 31 2020n/an/a

-US$7m

Sep 30 2020n/an/a

-US$6m

Jun 30 2020n/an/a

-US$5m

Mar 31 2020US$247kn/a

-US$5m

Dec 31 2019n/an/a

-US$5m

Sep 30 2019n/an/a

-US$4m

Jun 30 2019n/an/a

-US$5m

Mar 31 2019US$173kn/a

-US$5m

Dec 31 2018n/an/a

-US$2m

Sep 30 2018n/an/a

-US$3m

Jun 30 2018n/an/a

-US$2m

Mar 31 2018US$132kUS$120k

-US$3m

Dec 31 2017n/an/a

-US$4m

Sep 30 2017n/an/a

-US$4m

Jun 30 2017n/an/a

-US$4m

Mar 31 2017US$119kUS$108k

-US$3m

Dec 31 2016n/an/a

-US$2m

Sep 30 2016n/an/a

-US$2m

Jun 30 2016n/an/a

-US$2m

Mar 31 2016US$75kUS$64k

-US$2m

Compensation vs Market: Fraser's total compensation ($USD281.25K) is above average for companies of similar size in the Canadian market ($USD178.56K).

Compensation vs Earnings: Fraser's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GPV's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: GPV's board of directors are considered experienced (9.6 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

TSXV:GPV Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
21 Sep 22BuyCA$37,500Fraser AtkinsonIndividual10,000CA$3.75
29 Jul 22BuyCA$34,400Fraser AtkinsonIndividual8,600CA$4.00
28 Jul 22BuyCA$5,600Fraser AtkinsonIndividual1,400CA$4.00
01 Apr 22SellCA$18,640Michael SieffertIndividual2,000CA$9.32
10 Mar 22BuyCA$15,425Michael SieffertIndividual2,000CA$7.71
24 Dec 21BuyCA$147,000Fraser AtkinsonIndividual10,000CA$18.20
23 Dec 21BuyCA$111,750Fraser AtkinsonIndividual10,000CA$11.20
23 Dec 21BuyCA$107,362Brendan RileyIndividual9,687CA$11.08
21 Dec 21SellCA$29,736Michael SieffertIndividual2,000CA$14.87
28 Oct 21SellCA$588,592Brendan RileyIndividual35,400CA$16.63

Ownership Breakdown

What is the ownership structure of GPV?
Owner TypeNumber of SharesOwnership Percentage
Private Companies804,8543.5%
Institutions3,339,97814.4%
Individual Insiders6,338,97627.4%
General Public12,667,55254.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.


Top Shareholders

Top 25 shareholders own 44.81% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.35%
David Richardson
2,858,811$9.4m0%no data
8.84%
Fraser Atkinson
2,046,981$6.8m0.99%no data
7.47%
BNPP Asset Management Holding
1,730,010$5.7m0%0.01%
3.48%
Koko Financial Services Ltd.
804,854$2.7m0%no data
2.83%
FMR LLC
655,696$2.2m-57.59%no data
2.63%
Catherine McLay
609,558$2.0m0%no data
2.59%
Malcolm Clay
599,843$2.0m0%no data
1.25%
BG Fund Management Luxembourg S.A.
289,500$955.4k0%0.03%
0.82%
Renaissance Technologies LLC
190,100$627.3k40.4%no data
0.35%
Mark Achtemichuk
82,078$270.9k0%no data
0.35%
Brendan Riley
81,716$269.7k0%no data
0.35%
Millennium Management LLC
81,148$267.8k-64.05%no data
0.24%
Susquehanna International Group, LLP, Asset Management Arm
56,710$187.1k0%no data
0.23%
Vontobel Asset Management, Inc.
52,136$172.0k-9.01%no data
0.13%
Michael Sieffert
30,416$100.4k0%no data
0.13%
SagePoint Financial Advisors, Inc., Securities Investments
30,000$99.0k0%no data
0.13%
Marshall Wace LLP
29,442$97.2k-69.86%no data
0.12%
Sparkasse Oberösterreich Kapitalanlagegesellschaft M.B.H.
27,900$92.1k0%0.01%
0.1%
D. E. Shaw & Co., L.P.
23,440$77.4k-41.57%no data
0.082%
Morgan Stanley, Investment Banking and Brokerage Investments
19,014$62.7k-50.95%no data
0.076%
Ryne Shetterly
17,500$57.8k0%no data
0.069%
B. Riley Capital Management, LLC
16,085$53.1k0%no data
0.062%
JPMorgan Chase & Co, Brokerage and Securities Investments
14,243$47.0k84.38%no data
0.061%
Jane Street Group, LLC, Asset Management Arm
14,040$46.3k0%no data
0.056%
Leap Investments LP
13,000$42.9k0%no data

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$76.399m
  • 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

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
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.