OTCPK:ADOM

Stock Analysis Report

Executive Summary

ADOMANI, Inc. provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles.

Snowflake

Fundamentals

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

How has ADOMANI's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.4%

ADOM

8.5%

US Auto Components

2.3%

US Market


1 Year Return

-83.7%

ADOM

-3.4%

US Auto Components

5.6%

US Market

Return vs Industry: ADOM underperformed the US Auto Components industry which returned -3.4% over the past year.

Return vs Market: ADOM underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

ADOMIndustryMarket
7 Day4.4%8.5%2.3%
30 Day-13.2%-0.6%-1.0%
90 Day-67.1%3.9%-0.7%
1 Year-83.7%-83.7%-1.9%-3.4%7.9%5.6%
3 Yearn/a10.1%-1.3%45.6%36.3%
5 Yearn/a20.7%3.9%65.8%47.6%

Price Volatility Vs. Market

How volatile is ADOMANI's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ADOMANI undervalued compared to its fair value and its price relative to the market?

1.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate ADOM's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate ADOM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ADOM is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: ADOM is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ADOM is good value based on its PB Ratio (1.1x) compared to the US Auto Components industry average (1.2x).


Next Steps

Future Growth

How is ADOMANI forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

33.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADOM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ADOM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ADOM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ADOM's revenue (50.4% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: ADOM's revenue (50.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ADOM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ADOMANI performed over the past 5 years?

-18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ADOM is unprofitable, and losses have increased over the past 5 years at a rate of -18.5% per year.

Accelerating Growth: Unable to compare ADOM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ADOM is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (8.1%).


Return on Equity

High ROE: ADOM has a negative Return on Equity (-102.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ADOM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ADOM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ADOMANI's financial position?


Financial Position Analysis

Short Term Liabilities: ADOM's short term assets ($12.6M) exceeds its short term liabilities ($7.6M)

Long Term Liabilities: ADOM's short term assets (12.6M) exceeds its long term liabilities (183.0K)


Debt to Equity History and Analysis

Debt Level: ADOM's debt to equity ratio (79.3%) is considered high

Reducing Debt: ADOM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: ADOM has a low level of unsold assets or inventory.

Debt Coverage by Assets: ADOM's debt is covered by short term assets (assets are 2.933250x debt).


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: ADOM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ADOM has sufficient cash runway for 2.374028 years if free cash flow continues to grow at historical rates of 2.7% each year.


Next Steps

Dividend

What is ADOMANI's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ADOM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ADOM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ADOM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADOM'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 ADOM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of ADOMANI's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Jim Reynolds (73yo)

5.1yrs

Tenure

US$240,000

Compensation

Mr. James L. Reynolds, also known as Jim, has been the Chief Executive Officer and President at ADOMANI, Inc. since September 1, 2014 and has been its Chairman since July 2016. Mr. Reynolds served as the C ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jim's total compensation is reasonable compared to companies of similar size in the US market.

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


Management Age and Tenure

3.6yrs

Average Tenure

61yo

Average Age

Experienced Management: ADOM's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

67yo

Average Age

Experienced Board: ADOM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: ADOM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$87516 Sep 19
Janet Boydell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$0.09
BuyUS$22805 Sep 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares2,500
Max PriceUS$0.091
BuyUS$63129 Aug 19
Kevin Kanning
EntityIndividual
Role
Top Key Executive
Founder and VP of Business Development & Investor Relations
Shares10,000
Max PriceUS$0.063
BuyUS$7023 Aug 19
Richard Eckert
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares1,000
Max PriceUS$0.07
BuyUS$80022 Aug 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares10,000
Max PriceUS$0.08
BuyUS$52521 Aug 19
Kevin Kanning
EntityIndividual
Role
Top Key Executive
Founder and VP of Business Development & Investor Relations
Shares5,000
Max PriceUS$0.10
BuyUS$70020 Aug 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.14
BuyUS$75016 Aug 19
Kevin Kanning
EntityIndividual
Role
Top Key Executive
Founder and VP of Business Development & Investor Relations
Shares5,000
Max PriceUS$0.15
BuyUS$98807 Aug 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.20
BuyUS$1,14331 Jul 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.23
BuyUS$1,05031 Jul 19
Kevin Kanning
EntityIndividual
Role
Top Key Executive
Founder and VP of Business Development & Investor Relations
Shares5,000
Max PriceUS$0.21
BuyUS$1,71421 May 19
Gary Nettles
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$0.34
BuyUS$1,75021 May 19
Kevin Kanning
EntityIndividual
Role
Top Key Executive
Founder and VP of Business Development & Investor Relations
Shares5,000
Max PriceUS$0.35
BuyUS$7,40016 May 19
James Reynolds
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares20,000
Max PriceUS$0.37
BuyUS$37315 May 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares1,000
Max PriceUS$0.37
BuyUS$1,76013 May 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.35
BuyUS$1,89407 Mar 19
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.38
BuyUS$1,22404 Dec 18
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares3,000
Max PriceUS$0.41
BuyUS$3,15008 Nov 18
Janet Boydell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$0.63
BuyUS$2,17407 Nov 18
Gary Nettles
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$0.43
BuyUS$5,83930 Oct 18
James Reynolds
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares14,000
Max PriceUS$0.42
BuyUS$2,10530 Oct 18
Michael Menerey
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceUS$0.42

Ownership Breakdown


Management Team

  • Michael Menerey (67yo)

    CFO, Secretary

    • Tenure: 2.8yrs
    • Compensation: US$247.33k
  • Jim Reynolds (73yo)

    Chairman

    • Tenure: 5.1yrs
    • Compensation: US$240.00k
  • Kevin Kanning (53yo)

    Founder and VP of Business Development & Investor Relations

    • Tenure: 7.8yrs
  • Robert Williams (61yo)

    Founder & VP

    • Tenure: 6.9yrs
  • Richard Eckert (47yo)

    Chief Operating Officer

    • Tenure: 2.6yrs
    • Compensation: US$223.33k
  • Russell Young

    Controller

    • Tenure: 2.8yrs
  • Matt Essex

    Director of Sales

    • Tenure: 2.7yrs

Board Members

  • Gary Nettles (67yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$29.51k
  • Jack Perkowski (70yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$29.51k
  • Michael Menerey (67yo)

    CFO, Secretary

    • Tenure: 2.8yrs
    • Compensation: US$247.33k
  • Jim Reynolds (73yo)

    Chairman

    • Tenure: 5.1yrs
    • Compensation: US$240.00k
  • Janet Boydell (66yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$29.51k

Company Information

ADOMANI, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ADOMANI, Inc.
  • Ticker: ADOM
  • Exchange: OTCPK
  • Founded: 2012
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$5.977m
  • Shares outstanding: 72.89m
  • Website: https://www.adomanielectric.com

Number of Employees


Location

  • ADOMANI, Inc.
  • 4740 Green River Road
  • Suite 106
  • Corona
  • California
  • 92880
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADOMOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2017

Biography

ADOMANI, Inc. provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include tractio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:35
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.