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Vicinity Motor Corp.TSXV:VMC Stock Report

Market Cap CA$3.5m
Share Price
n/a
1Y-94.0%
7D0%
1D7.7%
Portfolio Value
​
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Vicinity Motor Corp.

TSXV:VMC Stock Report

Market Cap: CA$3.5m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Vicinity Motor (VMC) Stock Overview

Designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. More details

VMC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

Risk Analysis

Earnings have declined by 44.1% per year over past 5 years

Does not have a meaningful market cap (CA$4M)

Shares are highly illiquid

Latest financial reports are more than 6 months old


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Vicinity Motor Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Vicinity Motor
Historical stock prices
Current Share PriceCA$0.07
52 Week HighCA$1.27
52 Week LowCA$0.055
Beta0.31
1 Month Change0%
3 Month Change7.69%
1 Year Change-93.97%
3 Year Change-98.18%
5 Year Change-95.29%
Change since IPO-95.76%

Recent News & Updates

Recent updates

Analysis Article • Jul 16

Many Still Looking Away From Vicinity Motor Corp. (CVE:VMC)

It's not a stretch to say that Vicinity Motor Corp.'s ( CVE:VMC ) price-to-sales (or "P/S") ratio of 1x right now seems...
Analysis Article • Apr 02

Why We're Not Concerned About Vicinity Motor Corp.'s (CVE:VMC) Share Price

When close to half the companies in the Machinery industry in Canada have price-to-sales ratios (or "P/S") below 1.1x...
Analysis Article • Jul 21

Is Vicinity Motor (CVE:VMC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • May 24

Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 10

Is Vicinity Motor (CVE:VMC) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Apr 14

Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jan 27

The Grande West Transportation Group (CVE:BUS) Share Price Is Up 818% And Shareholders Are Delighted

For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly...

Shareholder Returns

VMCCA MachineryCA Market
7D0%-1.4%-2.0%
1Y-94.0%-3.7%22.3%

Return vs Industry: VMC underperformed the Canadian Machinery industry which returned -20.2% over the past year.

Return vs Market: VMC underperformed the Canadian Market which returned 17.2% over the past year.

Price Volatility

Is VMC's price volatile compared to industry and market?
VMC volatility
VMC Average Weekly Movementn/a
Machinery Industry Average Movement9.3%
Market Average Movement9.3%
10% most volatile stocks in CA Market16.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: VMC's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine VMC's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200857William Trainervicinitymotorcorp.com

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021.

Vicinity Motor Corp. Fundamentals Summary

How do Vicinity Motor's earnings and revenue compare to its market cap?
VMC fundamental statistics
Market capCA$3.53m
Earnings (TTM)-CA$25.92m
Revenue (TTM)CA$42.87m
0.1x
P/S Ratio
-0.1x
P/E Ratio

Is VMC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VMC income statement (TTM)
RevenueUS$29.64m
Cost of RevenueUS$26.09m
Gross ProfitUS$3.55m
Other ExpensesUS$21.46m
Earnings-US$17.92m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin11.97%
Net Profit Margin-60.46%
Debt/Equity Ratio202.9%

How did VMC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 10:28
End of Day Share Price 2024/10/21 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

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 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

Vicinity Motor Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charles FrattAlliance Global Partners
Ahmad ShaathBeacon Securities Limited