Microvast Holdings (MVST) Stock Overview
Engages in the design, development, and manufacturing of battery components and systems primarily for electric commercial vehicles and energy storage systems. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MVST Community Fair Values
Create NarrativeSee what 94 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.257.0% undervalued intrinsic discount
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Read full narrativeMicrovast Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$1.89 |
| 52 Week High | US$7.12 |
| 52 Week Low | US$1.37 |
| Beta | 3.6 |
| 1 Month Change | 26.85% |
| 3 Month Change | -25.30% |
| 1 Year Change | -9.57% |
| 3 Year Change | 1.61% |
| 5 Year Change | -81.90% |
| Change since IPO | -80.66% |
Recent News & Updates
Narrative Update • Apr 20
MVST: European Commercial Vehicle Battery Partnership Will Support Long Term Upside
Analysts have adjusted their price target on Microvast Holdings to $6.00 from $6, citing updated assumptions around a slightly lower discount rate, steady revenue growth of 13.31%, a stable profit margin of 16.75% and a modestly lower future P/E estimate of 26.82x. What's in the News Microvast Holdings and Iveco Group reaffirm and expand their long-running partnership focused on electric battery solutions across Europe, covering projects for IVECO eDaily, IVECO BUS platforms and the IVECO S-eWay Rigid heavy duty truck platform (Key Developments).Narrative Update • Apr 05
MVST: Expanded European Fleet Partnership Will Drive Long Term Upside Potential
Analysts have nudged their price target on Microvast Holdings slightly higher to $6.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior estimates.Narrative Update • Mar 20
MVST: Expanded European Partnership Will Support Future Upside Potential
Analysts have trimmed their price target on Microvast Holdings to $6.00 from $6.50, citing a slightly higher discount rate, more moderate revenue growth assumptions at 13.31%, and a lower future P/E of 26.92x, partly balanced by a higher projected profit margin of 16.75%. What's in the News Microvast Holdings and Iveco Group reaffirm and expand their long-running partnership focused on electric battery solutions across Europe, with Microvast supplying MV I Gen 1 and Gen 2 battery packs for IVECO BUS and IVECO S eWay Rigid truck platforms, and planning further battery generations for European commercial vehicles (company announcement).Recent updates
Narrative Update • Apr 20
MVST: European Commercial Vehicle Battery Partnership Will Support Long Term Upside
Analysts have adjusted their price target on Microvast Holdings to $6.00 from $6, citing updated assumptions around a slightly lower discount rate, steady revenue growth of 13.31%, a stable profit margin of 16.75% and a modestly lower future P/E estimate of 26.82x. What's in the News Microvast Holdings and Iveco Group reaffirm and expand their long-running partnership focused on electric battery solutions across Europe, covering projects for IVECO eDaily, IVECO BUS platforms and the IVECO S-eWay Rigid heavy duty truck platform (Key Developments).Narrative Update • Apr 05
MVST: Expanded European Fleet Partnership Will Drive Long Term Upside Potential
Analysts have nudged their price target on Microvast Holdings slightly higher to $6.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior estimates.Narrative Update • Mar 20
MVST: Expanded European Partnership Will Support Future Upside Potential
Analysts have trimmed their price target on Microvast Holdings to $6.00 from $6.50, citing a slightly higher discount rate, more moderate revenue growth assumptions at 13.31%, and a lower future P/E of 26.92x, partly balanced by a higher projected profit margin of 16.75%. What's in the News Microvast Holdings and Iveco Group reaffirm and expand their long-running partnership focused on electric battery solutions across Europe, with Microvast supplying MV I Gen 1 and Gen 2 battery packs for IVECO BUS and IVECO S eWay Rigid truck platforms, and planning further battery generations for European commercial vehicles (company announcement).Narrative Update • Mar 06
MVST: Confident Outlook As Permanent CFO Appointment Will Support Future Upside
Analysts have kept their price target for Microvast Holdings steady at $6.50, citing largely unchanged assumptions around the discount rate, revenue growth, profit margins and future P/E as the basis for maintaining their view. What's in the News Microvast Holdings appointed Rodney Worthen as Chief Financial Officer, effective January 7, 2026, moving him from his interim CFO role into the permanent position (Key Developments).Narrative Update • Feb 19
MVST: Stable Outlook And New CFO Appointment Will Support Future Upside
Analysts have trimmed their price target on Microvast Holdings to $6.50 from $6.50, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E, without a material shift in their overall view. What's in the News Microvast Holdings appointed Rodney Worthen as Chief Financial Officer, effective January 7, 2026, moving him from his prior role as Interim CFO and Vice President of Corporate Strategy (Key Developments).Analysis Article • Feb 08
Microvast Holdings, Inc. (NASDAQ:MVST) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Unfortunately for some shareholders, the Microvast Holdings, Inc. ( NASDAQ:MVST ) share price has dived 28% in the last...
Narrative Update • Feb 05
MVST: Rising Margin Outlook And New CFO Will Support Higher P/E
Analysts have adjusted their price target on Microvast Holdings to reflect updated assumptions around discount rates, revenue growth of 21.12%, a profit margin of 11.80%, and a future P/E of 28.47. This has led to a revised valuation that is expressed in line with these refreshed inputs.Narrative Update • Jan 22
MVST: Future Index Inclusion Will Benefit From Stable Outlook And New CFO
Analysts have maintained their fair value estimate for Microvast Holdings. A slightly higher discount rate and a marginally higher assumed future P/E indicate a more cautious stance in their updated price target rationale.Narrative Update • Jan 07
MVST: Higher Margin Outlook Will Support Stronger Earnings Multiple In Coming Years
Analysts have raised their price target range for Microvast Holdings, citing updated fair value assumptions, a higher discount rate, stronger projected revenue growth, improved profit margin expectations, and a richer future P/E multiple as key factors behind the change. What's in the News Microvast Holdings maintained earnings guidance for 2025 and kept its target revenue growth range at 18% to 25% year over year (Key Developments).Narrative Update • Dec 24
MVST: Future Index Inclusion Will Drive Long Term Upside Potential
Analysts have modestly raised their price target on Microvast Holdings by approximately 0.3 percent to about $6.50 per share, citing slightly higher long term discount rate and valuation assumptions, while keeping growth and margin expectations largely unchanged. What's in the News Maintained 2025 earnings guidance, reaffirming a revenue growth target of 18% to 25% year over year and a revenue range of $450 million to $475 million (company guidance) Recorded an impairment loss on long-lived assets of $36,000 for the quarter ended September 30, 2025, up from $12,000 in the prior-year period (company filings) Filed a follow-on equity offering of up to $137.6 million in common stock, structured as an at-the-market offering (regulatory filing) Valuation Changes Fair Value: Unchanged at approximately $6.50 per share, indicating no material revision to intrinsic value estimates.Narrative Update • Dec 10
MVST: Future Index Inclusion Will Drive Upward Momentum
Analysts have nudged their price target on Microvast Holdings slightly higher to reflect modestly improved valuation assumptions, citing a marginally higher future earnings multiple and a steady outlook for long term revenue growth and profitability. What's in the News Maintained 2025 guidance for revenue growth of 18% to 25% year over year, with revenue expected between $450 million and $475 million (corporate guidance) Recorded an impairment loss on long lived assets of $36,000 for the quarter ended September 30, 2025, up from $12,000 a year earlier (financial filing) Filed a $137.6 million at the market follow-on equity offering of common stock to support funding needs (capital markets filing) Set to showcase fast charging, high performance battery solutions and new MVB and MVC packs for heavy duty and construction applications at BICES 2025 in Beijing (company product announcement) Added to the S&P Global BMI Index, increasing potential visibility among index and passive investors (index provider update) Valuation Changes Fair Value: unchanged at 6.5, reflecting a stable intrinsic value assessment.Analysis Article • Dec 09
What You Can Learn From Microvast Holdings, Inc.'s (NASDAQ:MVST) P/S After Its 28% Share Price Crash
Microvast Holdings, Inc. ( NASDAQ:MVST ) shares have retraced a considerable 28% in the last month, reversing a fair...Narrative Update • Nov 26
MVST: Future Earnings Guidance And Index Inclusion Will Drive Upward Momentum
Analysts have maintained their price target for Microvast Holdings at $6.50 per share. They cite steady estimates for the company's fair value and profit outlook, despite a modest uptick in discount rate assumptions.Analysis Article • Nov 13
Earnings Miss: Microvast Holdings, Inc. Missed EPS And Analysts Are Revising Their Forecasts
There's been a major selloff in Microvast Holdings, Inc. ( NASDAQ:MVST ) shares in the week since it released its...Seeking Alpha • Nov 13
Microvast: Q3 Shows What Happens When Potential Meets Execution
Summary Microvast delivered a solid Q3 with 21.6% YoY revenue growth, improved gross margin, and strong operational execution in a high-potential market. MVST posted positive adjusted EBITDA and higher operating profit, despite a small EPS miss and increased G&A expenses offsetting gross margin gains. Valuation remains attractive, with forward multiples comparing favorably to larger peers, and continued momentum expected as MVST scales and innovates. Initiate coverage with a buy rating, citing healthy fundamentals, margin improvement, and significant long-term growth potential despite industry challenges. Read the full article on Seeking AlphaNarrative Update • Nov 12
MVST: Future Profit Margins Will Drive Optimism Following Follow-On Equity Offering
Analysts have raised their price target for Microvast Holdings from $5.50 to $6.50, citing improvements in projected profit margins and a slightly lower discount rate, along with modest adjustments to revenue growth expectations. What's in the News Microvast Holdings filed a Follow-on Equity Offering totaling $137.6 million, issuing additional common stock through an at the market offering (Key Developments).Analysis Article • Oct 04
After Leaping 77% Microvast Holdings, Inc. (NASDAQ:MVST) Shares Are Not Flying Under The Radar
Microvast Holdings, Inc. ( NASDAQ:MVST ) shareholders would be excited to see that the share price has had a great...Narrative Update • Aug 15
Advanced Battery Technologies Will Drive Global Electrification Demand
A significant increase in Microvast Holdings' future P/E and net profit margin suggests improved growth and profitability expectations, supporting the consensus Analyst Price Target revision upward from $4.00 to $5.50. What's in the News Microvast Holdings reaffirmed its 2025 earnings guidance, maintaining a target revenue growth of 18% to 25% and revenue guidance of $450 million to $475 million (Key Developments).Analysis Article • Jul 17
With A 33% Price Drop For Microvast Holdings, Inc. (NASDAQ:MVST) You'll Still Get What You Pay For
The Microvast Holdings, Inc. ( NASDAQ:MVST ) share price has softened a substantial 33% over the previous 30 days...Analysis Article • Apr 06
Is Microvast Holdings (NASDAQ:MVST) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Narrative • Mar 26
ME6 ESS And Silicon-Enhanced Cells Will Open Global Markets
Microvast's focus on innovation and strategic partnerships aims to drive significant revenue growth and enhance market share across key sectors.Analysis Article • Mar 15
Slammed 25% Microvast Holdings, Inc. (NASDAQ:MVST) Screens Well Here But There Might Be A Catch
Microvast Holdings, Inc. ( NASDAQ:MVST ) shares have retraced a considerable 25% in the last month, reversing a fair...Analysis Article • Jan 09
Investors Still Aren't Entirely Convinced By Microvast Holdings, Inc.'s (NASDAQ:MVST) Revenues Despite 61% Price Jump
Microvast Holdings, Inc. ( NASDAQ:MVST ) shares have continued their recent momentum with a 61% gain in the last month...Seeking Alpha • Dec 04
Microvast Holdings: Sell The Rally On Persistent Funding Needs
Summary Beleaguered lithium-ion battery manufacturer Microvast Holdings surprised market participants with profitable third quarter results, thus causing a 600% rally in the company's common shares. A combination of higher sales and recent cost savings initiatives resulted in the company's first profitable quarter ever. However, free cash flow remained negative, and the company guided for Q4 revenues to decrease sequentially. In addition, backlog decreased to a new twelve-month low. The massive move in Microvast's shares has provided a window of opportunity to address some of the company's substantial funding needs. For my part, I would expect MVST to file for a secondary offering sooner rather than later, which in turn could negatively impact the company's stock price. Consequently, I am initiating the shares with a "Sell" rating. Read the full article on Seeking AlphaAnalysis Article • Oct 30
Investors Give Microvast Holdings, Inc. (NASDAQ:MVST) Shares A 27% Hiding
Unfortunately for some shareholders, the Microvast Holdings, Inc. ( NASDAQ:MVST ) share price has dived 27% in the last...Analysis Article • Sep 14
Positive Sentiment Still Eludes Microvast Holdings, Inc. (NASDAQ:MVST) Following 29% Share Price Slump
Unfortunately for some shareholders, the Microvast Holdings, Inc. ( NASDAQ:MVST ) share price has dived 29% in the last...Analysis Article • Jul 31
Microvast Holdings, Inc. (NASDAQ:MVST) Doing What It Can To Lift Shares
With a price-to-sales (or "P/S") ratio of 0.4x Microvast Holdings, Inc. ( NASDAQ:MVST ) may be sending bullish signals...Shareholder Returns
| MVST | US Machinery | US Market | |
|---|---|---|---|
| 7D | -2.1% | 0.2% | 2.1% |
| 1Y | -9.6% | 49.7% | 30.6% |
Return vs Industry: MVST underperformed the US Machinery industry which returned 49.7% over the past year.
Return vs Market: MVST underperformed the US Market which returned 30.6% over the past year.
Price Volatility
| MVST volatility | |
|---|---|
| MVST Average Weekly Movement | 14.4% |
| Machinery Industry Average Movement | 6.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MVST's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: MVST's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 1,908 | Yang Wu | www.microvast.com |
Microvast Holdings, Inc. engages in the design, development, and manufacturing of battery components and systems primarily for electric commercial vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, electrolyte formulation, full concentration gradient cathode, polyaramid separator, and nickel manganese cobalt. It also designs, develops, and manufactures components of lithium-ion batteries, such as cathode, anode, electrolytes, and separator.
Microvast Holdings, Inc. Fundamentals Summary
| MVST fundamental statistics | |
|---|---|
| Market cap | US$647.48m |
| Earnings (TTM) | -US$29.22m |
| Revenue (TTM) | US$427.52m |
1.5x
P/S Ratio-21.4x
P/E RatioIs MVST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MVST income statement (TTM) | |
|---|---|
| Revenue | US$427.52m |
| Cost of Revenue | US$272.90m |
| Gross Profit | US$154.62m |
| Other Expenses | US$183.84m |
| Earnings | -US$29.22m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 11, 2026
| Earnings per share (EPS) | -0.088 |
| Gross Margin | 36.17% |
| Net Profit Margin | -6.83% |
| Debt/Equity Ratio | 89.5% |
How did MVST perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 08:25 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 world class team 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
Microvast Holdings, Inc. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Soderberg | Cantor Fitzgerald & Co. |
| Adam Jonas | Morgan Stanley |
| Colin Rusch | Oppenheimer & Co. Inc. |