RAC Electric Vehicles Inc. develops, manufactures, and sells commercial electric vehicles. More Details
Flawless balance sheet with weak fundamentals.
Share Price & News
How has RAC Electric Vehicles's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2237 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2237's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2237 underperformed the TW Machinery industry which returned 15.5% over the past year.
Return vs Market: 2237 underperformed the TW Market which returned 17.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is RAC Electric Vehicles's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StRAC Electric Vehicles (GTSM:2237) Shareholders Have Enjoyed A 52% Share Price Gain
3 months ago | Simply Wall StRAC Electric Vehicles (GTSM:2237) Is Making Moderate Use Of Debt
7 months ago | Simply Wall StWant To Invest In RAC Electric Vehicles Inc. (GTSM:2237)? Here's How It Performed Lately
Is RAC Electric Vehicles undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 2237's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 2237's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 2237 is unprofitable, so we can't compare its PE Ratio to the TW Machinery industry average.
PE vs Market: 2237 is unprofitable, so we can't compare its PE Ratio to the TW market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2237's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2237 is overvalued based on its PB Ratio (4.1x) compared to the TW Machinery industry average (1.7x).
How is RAC Electric Vehicles forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RAC Electric Vehicles has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine RAC Electric Vehicles's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
How has RAC Electric Vehicles performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2237 is currently unprofitable.
Growing Profit Margin: 2237 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2237 is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.
Accelerating Growth: Unable to compare 2237's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2237 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-10.4%).
Return on Equity
High ROE: 2237 has a negative Return on Equity (-45.33%), as it is currently unprofitable.
How is RAC Electric Vehicles's financial position?
Financial Position Analysis
Short Term Liabilities: 2237's short term assets (NT$542.2M) exceed its short term liabilities (NT$217.8M).
Long Term Liabilities: 2237's short term assets (NT$542.2M) exceed its long term liabilities (NT$22.2M).
Debt to Equity History and Analysis
Debt Level: 2237's debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: 2237's debt to equity ratio has reduced from 84.7% to 22% over the past 5 years.
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: 2237 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 2237 has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 6.7% each year.
What is RAC Electric Vehicles's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2237's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2237'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 2237's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2237'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 2237's dividend in 3 years as they are not forecast to pay a notable one for the TW market.
How experienced are the management team and are they aligned to shareholders interests?
Yi Zhong Cai
Yi Zhong Cai serves as the General Manager and Chairman of Rac Electric Vehicles Inc.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.3%.
RAC Electric Vehicles Inc.'s company bio, employee growth, exchange listings and data sources
- Name: RAC Electric Vehicles Inc.
- Ticker: 2237
- Exchange: GTSM
- Founded: 2005
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: NT$1.698b
- Shares outstanding: 84.92m
- Website: https://www.racev.com
Number of Employees
- RAC Electric Vehicles Inc.
- No. 268, Fuxing South Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2237||GTSM (Taipei Exchange)||Yes||Common Shares||TW||TWD||Dec 2014|
RAC Electric Vehicles Inc. develops, manufactures, and sells commercial electric vehicles. It offers buses and minivans. It operates in Taiwan and Japan. The company was founded in 2005 and is headquartere...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 08:39|
|End of Day Share Price||2020/11/25 00:00|
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.