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ZEV

Lightning eMotorsNYSE:ZEV Stock Report

Last Price

US$4.58

Market Cap

US$343.3m

7D

-10.5%

1Y

-68.9%

Updated

27 Jan, 2022

Data

Company Financials +
ZEV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ZEV Stock Overview

Lightning eMotors, Inc. designs, manufactures, and sells electric vehicles.

Lightning eMotors Competitors

Proterra

NasdaqGS:PTRA

US$1.6b

Blue Bird

NasdaqGM:BLBD

US$467.7m

Xos

NasdaqGM:XOS

US$350.2m

Tesla

NasdaqGS:TSLA

US$924.3b

Price History & Performance

Summary of all time highs, changes and price drops for Lightning eMotors
Historical stock prices
Current Share PriceUS$4.58
52 Week HighUS$16.28
52 Week LowUS$4.23
Beta0
1 Month Change-32.55%
3 Month Change-44.82%
1 Year Change-68.89%
3 Year Changen/a
5 Year Changen/a
Change since IPO-53.26%

Recent News & Updates

Nov 25
Downgrade: Here's How Analysts See Lightning eMotors, Inc. (NYSE:ZEV) Performing In The Near Term

Downgrade: Here's How Analysts See Lightning eMotors, Inc. (NYSE:ZEV) Performing In The Near Term

The analysts covering Lightning eMotors, Inc. ( NYSE:ZEV ) delivered a dose of negativity to shareholders today, by...

Nov 21

Lightning eMotors: Why The Stock Declined And What To Expect Going Into 2022

A big slowdown in revenue growth caused by supply chain issues is causing Lightning eMotors to come way short of expectations. They keep disappointing. Supply chain issues are not company-specific, which is a good thing. A new deal with Proterra looks promising. Gross margin must improve and has been disappointing. Without positive gross margins, ZEV will not be a good stock to own. A few silver linings give us hope that 2022 will be better than 2021. Time will tell.

Shareholder Returns

ZEVUS MachineryUS Market
7D-10.5%-5.0%-5.1%
1Y-68.9%5.8%3.3%

Return vs Industry: ZEV underperformed the US Machinery industry which returned 5.8% over the past year.

Return vs Market: ZEV underperformed the US Market which returned 3.3% over the past year.

Price Volatility

Is ZEV's price volatile compared to industry and market?
ZEV volatility
ZEV Average Weekly Movement10.3%
Machinery Industry Average Movement4.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: ZEV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ZEV's weekly volatility has decreased from 16% to 10% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008n/aTim Reeserhttps://lightningemotors.com

Lightning eMotors, Inc. designs, manufactures, and sells electric vehicles. It offers class 3 to 7 battery electric and fuel cell electric vehicles. The company’s vehicles include passenger vans, ambulances, shuttle buses, last-mile delivery vans, box trucks, and motor coaches for parcel and delivery, micro transit, airport parking operations, and electric utilities sectors.

Lightning eMotors Fundamentals Summary

How do Lightning eMotors's earnings and revenue compare to its market cap?
ZEV fundamental statistics
Market CapUS$343.30m
Earnings (TTM)-US$139.71m
Revenue (TTM)US$20.49m

16.8x

P/S Ratio

-2.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZEV income statement (TTM)
RevenueUS$20.49m
Cost of RevenueUS$24.27m
Gross Profit-US$3.77m
ExpensesUS$135.94m
Earnings-US$139.71m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.86
Gross Margin-18.42%
Net Profit Margin-681.83%
Debt/Equity Ratio3,069.5%

How did ZEV perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZEV ($4.58) is trading below our estimate of fair value ($14.63)

Significantly Below Fair Value: ZEV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ZEV is unprofitable, so we can't compare its PE Ratio to the US Machinery industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ZEV is overvalued based on its PB Ratio (170.8x) compared to the US Machinery industry average (2.6x).


Future Growth

How is Lightning eMotors forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

73.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZEV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: ZEV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ZEV's is expected to become profitable in the next 3 years.

Revenue vs Market: ZEV's revenue (57.8% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: ZEV's revenue (57.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Lightning eMotors performed over the past 5 years?

-394.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ZEV is currently unprofitable.

Growing Profit Margin: ZEV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ZEV's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ZEV is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (34.4%).


Return on Equity

High ROE: ZEV has a negative Return on Equity (-6782.89%), as it is currently unprofitable.


Financial Health

How is Lightning eMotors's financial position?


Financial Position Analysis

Short Term Liabilities: ZEV's short term assets ($217.3M) exceed its short term liabilities ($13.0M).

Long Term Liabilities: ZEV's short term assets ($217.3M) exceed its long term liabilities ($215.6M).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if ZEV'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: ZEV has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ZEV has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 58.9% each year.


Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Tim Reeser (50 yo)

13.25yrs

Tenure

US$336,000

Compensation

Mr. Timothy Richard Reeser, also known as Tim, is a Director at GigCapital3, Inc. since April 21, 2021. He has been the Chief Executive officer and Director of Lightning eMotors, Inc. since May 06, 2021 an...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD336.00K) is below average for companies of similar size in the US market ($USD1.70M).

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


Leadership Team

Experienced Management: ZEV's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ZEV's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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.


Top Shareholders

Company Information

Lightning eMotors, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lightning eMotors, Inc.
  • Ticker: ZEV
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$343.297m
  • Shares outstanding: 74.96m
  • Website: https://lightningemotors.com

Location

  • Lightning eMotors, Inc.
  • 815 14th Street SW
  • Suite A100
  • Loveland
  • Colorado
  • 80537
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/27 00:09
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.