GTSM:2237

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RAC Electric Vehicles

Executive Summary

RAC Electric Vehicles Inc. develops, manufactures, and sells commercial electric vehicles. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

1.8%

2237

0.5%

TW Machinery

0.9%

TW Market


1 Year Return

11.1%

2237

16.1%

TW Machinery

18.7%

TW Market

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.


Shareholder returns

2237IndustryMarket
7 Day1.8%0.5%0.9%
30 Day7.2%5.2%7.1%
90 Day11.7%3.0%8.2%
1 Year11.1%11.1%19.4%16.1%23.0%18.7%
3 Year42.8%42.4%14.9%4.4%44.9%28.8%
5 Year-4.2%-7.0%100.4%68.8%94.4%60.3%

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

Valuation

Is RAC Electric Vehicles undervalued compared to its fair value and its price relative to the market?

4.05x

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).


Next Steps

Future Growth

How is RAC Electric Vehicles forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.2%

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.


Next Steps

Past Performance

How has RAC Electric Vehicles performed over the past 5 years?

3.3%

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.


Next Steps

Financial Health

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.


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: 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.


Next Steps

Dividend

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.


Next Steps

Management

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


CEO

Yi Zhong Cai

no data

Tenure

Yi Zhong Cai serves as the General Manager and Chairman of Rac Electric Vehicles Inc.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.3%.


Top Shareholders

Company Information

RAC Electric Vehicles Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • RAC Electric Vehicles Inc.
  • No. 268, Fuxing South Road
  • 4F-1
  • Taipei
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2237GTSM (Taipei Exchange)YesCommon SharesTWTWDDec 2014

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:39
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.