Microvast Holdings (NasdaqGS:MVST) - Share price, News & Analysis

MVST fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

MVST Stock Overview

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

Rewards

Revenue is forecast to grow 52.54% per year

Risk Analysis

Earnings have declined by 30.5% per year over past 5 years

Volatile share price over the past 3 months

Microvast Holdings Competitors

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Price History & Performance

Summary of all time highs, changes and price drops for Microvast Holdings
Historical stock prices
Current Share Price	US$4.76
52 Week High	US$15.91
52 Week Low	US$2.95
Beta	0.37
1 Month Change	-2.46%
3 Month Change	-28.74%
1 Year Change	-55.72%
3 Year Change	-51.38%
5 Year Change	n/a
Change since IPO	-51.28%

Shareholder Returns

	MVST	US Machinery	US Market
7D	4.4%	7.5%	5.9%
1Y	-55.7%	-14.6%	-10.2%

Return vs Industry: MVST underperformed the US Machinery industry which returned -16.9% over the past year.

Return vs Market: MVST underperformed the US Market which returned -15.1% over the past year.

Price Volatility

Is MVST's price volatile compared to industry and market?
MVST volatility
MVST Average Weekly Movement	15.4%
Machinery Industry Average Movement	5.8%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: MVST is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: MVST's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2006	1,359	Yang Wu	https://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 Cap	US$1.43b
Earnings (TTM)	-US$249.57m
Revenue (TTM)	US$173.71m

8.2x

P/S Ratio

-5.7x

P/E Ratio

Is MVST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MVST income statement (TTM)
Revenue	US$173.71m
Cost of Revenue	US$215.20m
Gross Profit	-US$41.49m
Other Expenses	US$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 Ratio	23.9%

How did MVST perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

2.18x

Price to Book (PB) ratio

Share Price vs. Fair Value

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 Ratio

PE vs Industry: MVST is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US Machinery industry average.

PE vs Market: MVST is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MVST's Price-To-Book Ratio (2.2x) is in line with the US Machinery industry average.

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

52.5%

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 earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MVST's revenue (52.5% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: MVST's revenue (52.5% 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.

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.

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.

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)

15.58yrs

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 ($USD663.97K) is below average for companies of similar size in the US market ($USD5.40M).

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 (4.9 years average tenure).

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31