NasdaqCM:VTIQ

Stock Analysis Report

Executive Summary

VectoIQ Acquisition Corp. intends to merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.


Snowflake Analysis

Poor track record with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: VTIQ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

VTIQ

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

4.8%

VTIQ

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: VTIQ underperformed the US Capital Markets industry which returned 8.9% over the past year.

Return vs Market: VTIQ underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

VTIQIndustryMarket
7 Day-0.9%-8.6%-10.6%
30 Day0.4%-7.9%-8.5%
90 Day1.2%-4.4%-4.6%
1 Year4.8%4.8%7.1%4.9%7.4%5.2%
3 Yearn/a25.5%18.4%31.7%23.2%
5 Yearn/a65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

74.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VTIQ ($10.39) is trading above our estimate of fair value ($2.44)

Significantly Below Fair Value: VTIQ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VTIQ is poor value based on its PE Ratio (74.7x) compared to the Capital Markets industry average (31.8x).

PE vs Market: VTIQ is poor value based on its PE Ratio (74.7x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VTIQ is overvalued based on its PB Ratio (61.6x) compared to the US Capital Markets industry average (6.6x).


Next Steps

Future Growth

How is VectoIQ Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VectoIQ Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has VectoIQ Acquisition performed over the past 5 years?

16.6%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

Quality Earnings: VTIQ has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if VTIQ's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if VTIQ's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare VTIQ's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if VTIQ's earnings growth over the past year exceeded the Capital Markets industry average.


Return on Equity

High ROE: VTIQ's Return on Equity (95.4%) is considered outstanding.


Next Steps

Financial Health

How is VectoIQ Acquisition's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if VTIQ's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: VTIQ's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if VTIQ has a sufficient allowance for bad loans.

Low Risk Liabilities: VTIQ reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if VTIQ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: VTIQ has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if VTIQ has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if VTIQ'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 VTIQ'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?

2.1yrs

Average management tenure


CEO

Steven Girsky (57yo)

2.1yrs

Tenure

Mr. Stephen J. Girsky, also known as Steven, serves as Senior Advisor at Everpine Capital Ltd. Mr. Girsky has been the President of S. J. Girsky & Co., since July 1, 2014. He is the Chief Executive Officer ...


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Girsky
President2.1yrsno data15.47% $47.7m
Steve Shindler
Chief Financial Officer2.1yrsno datano data
Mary Shio Chan
Chief Operating Officer2.1yrsno data0.039% $119.0k
Mindy Luxenberg-Grant
Treasurer2.1yrsno data0.039% $119.0k

2.1yrs

Average Tenure

56yo

Average Age

Experienced Management: VTIQ's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Girsky
President2.1yrsno data15.47% $47.7m
Richard Lynch
Independent Director1.8yrsno data0.051% $156.0k
Robert Gendelman
Director1.8yrsno data0.051% $156.0k
Victoria McInnis
Director1.8yrsno data0.051% $156.0k
Sarah Hallac
Independent Director1.8yrsno data0.051% $156.0k

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: VTIQ's board of directors are not considered experienced ( 1.8 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

VectoIQ Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VectoIQ Acquisition Corp.
  • Ticker: VTIQ
  • Exchange: NasdaqCM
  • Founded: 2018
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$308.155m
  • Shares outstanding: 29.64m
  • Website: https://null

Location

  • VectoIQ Acquisition Corp.
  • 1354 Flagler Drive
  • Mamaroneck
  • New York
  • 10543
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VTIQ.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDMay 2018
VTIQNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2018

Biography

VectoIQ Acquisition Corp. intends to merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in Mamaroneck, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:21
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
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.