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MVST

Microvast Holdings NasdaqGS:MVST Stock Report

Last Price

US$2.27

Market Cap

US$682.9m

7D

-20.9%

1Y

-83.7%

Updated

28 Jun, 2022

Data

Company Financials +
MVST fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MVST Stock Overview

Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems.

Microvast Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Microvast Holdings
Historical stock prices
Current Share PriceUS$2.27
52 Week HighUS$15.91
52 Week LowUS$2.26
Beta0.37
1 Month Change-52.31%
3 Month Change-66.81%
1 Year Change-83.69%
3 Year Change-77.30%
5 Year Changen/a
Change since IPO-76.77%

Recent News & Updates

Shareholder Returns

MVSTUS MachineryUS Market
7D-20.9%-1.1%1.7%
1Y-83.7%-20.6%-20.4%

Return vs Industry: MVST underperformed the US Machinery industry which returned -19.8% over the past year.

Return vs Market: MVST underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is MVST's price volatile compared to industry and market?
MVST volatility
MVST Average Weekly Movement15.7%
Machinery Industry Average Movement6.0%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: MVST is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: MVST's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20061,359Yang Wuhttps://www.microvast.com

Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems.

Microvast Holdings Fundamentals Summary

How do Microvast Holdings's earnings and revenue compare to its market cap?
MVST fundamental statistics
Market CapUS$682.93m
Earnings (TTM)-US$249.57m
Revenue (TTM)US$173.71m

3.9x

P/S Ratio

-2.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MVST income statement (TTM)
RevenueUS$173.71m
Cost of RevenueUS$215.20m
Gross Profit-US$41.49m
Other ExpensesUS$208.07m
Earnings-US$249.57m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.83
Gross Margin-23.89%
Net Profit Margin-143.67%
Debt/Equity Ratio23.9%

How did MVST perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MVST 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MVST?

Other financial metrics that can be useful for relative valuation.

MVST 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/Revenue2.5x
Enterprise Value/EBITDA-2.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MVST's PS Ratio compare to its peers?

MVST PS Ratio vs Peers
The above table shows the PS ratio for MVST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average30.7x
HYZN Hyzon Motors
121.2x78.5%US$775.9m
ASTE Astec Industries
0.9x9.6%US$963.0m
WNC Wabash National
0.4x8.5%US$706.6m
REVG REV Group
0.3x3.0%US$673.1m
MVST Microvast Holdings
3.9x52.7%US$682.9m

Price-To-Sales vs Peers: MVST is good value based on its Price-To-Sales Ratio (3.9x) compared to the peer average (30.7x).


Price to Earnings Ratio vs Industry

How does MVST's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Sales vs Industry: MVST is expensive based on its Price-To-Sales Ratio (3.9x) compared to the US Machinery industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is MVST'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.

MVST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.9x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: MVST is expensive based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).


Share Price vs Fair Value

What is the Fair Price of MVST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MVST's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MVST's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

How is Microvast Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


52.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MVST's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if MVST's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if MVST's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MVST's revenue (52.7% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: MVST's revenue (52.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MVST is forecast to be unprofitable in 3 years.


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Past Performance

How has Microvast Holdings 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


-30.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MVST is currently unprofitable.

Growing Profit Margin: MVST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MVST is unprofitable, and losses have increased over the past 5 years at a rate of 30.5% per year.

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

Earnings vs Industry: MVST is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (24%).


Return on Equity

High ROE: MVST has a negative Return on Equity (-35.59%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Microvast Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MVST's short term assets ($653.2M) exceed its short term liabilities ($181.4M).

Long Term Liabilities: MVST's short term assets ($653.2M) exceed its long term liabilities ($160.0M).


Debt to Equity History and Analysis

Debt Level: MVST has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MVST's debt to equity ratio has reduced 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: MVST has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MVST has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 70.2% each year.


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Dividend

What is Microvast Holdings's 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MVST'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 MVST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MVST'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 MVST has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Yang Wu (55 yo)

15.67yrs

Tenure

US$663,968

Compensation

Mr. Yang Wu is the Founder of Microvast Holdings, Inc. (formerly known as Microvast, Inc.), and has been Chairman, Chief Executive Officer and Director since inception in October 2006. He served as Preside...


CEO Compensation Analysis

Compensation vs Market: Yang's total compensation ($USD663.97K) is below average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Yang's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MVST's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: MVST's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Microvast Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Microvast Holdings, Inc.
  • Ticker: MVST
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$682.932m
  • Shares outstanding: 300.85m
  • Website: https://www.microvast.com

Number of Employees


Location

  • Microvast Holdings, Inc.
  • 12603 Southwest Freeway
  • Suite 210
  • Stafford
  • Texas
  • 75477
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.