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AEVA

Aeva Technologies NYSE:AEVA Stock Report

Last Price

US$3.08

Market Cap

US$667.4m

7D

-9.9%

1Y

-70.7%

Updated

04 Jul, 2022

Data

Company Financials +
AEVA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

AEVA Stock Overview

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications.

Aeva Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aeva Technologies
Historical stock prices
Current Share PriceUS$3.08
52 Week HighUS$11.48
52 Week LowUS$2.47
Beta0.87
1 Month Change3.01%
3 Month Change-26.67%
1 Year Change-70.70%
3 Year Changen/a
5 Year Changen/a
Change since IPO-68.73%

Recent News & Updates

Jun 24

Aeva: Buy For The Growing Order Book

Aeva reported meager Q1'22 results last month contributing to the new lows for the stock. The 4D Lidar sensor company expects to double the contracted programs this year. The stock only trades with an EV in the $300 million range while revenue expectations in out years soar past this valuation.

May 07
US$9.50: That's What Analysts Think Aeva Technologies, Inc. (NYSE:AEVA) Is Worth After Its Latest Results

US$9.50: That's What Analysts Think Aeva Technologies, Inc. (NYSE:AEVA) Is Worth After Its Latest Results

Last week, you might have seen that Aeva Technologies, Inc. ( NYSE:AEVA ) released its first-quarter result to the...

Shareholder Returns

AEVAUS ElectronicUS Market
7D-9.9%-4.0%-2.2%
1Y-70.7%-23.8%-21.2%

Return vs Industry: AEVA underperformed the US Electronic industry which returned -23.8% over the past year.

Return vs Market: AEVA underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is AEVA's price volatile compared to industry and market?
AEVA volatility
AEVA Average Weekly Movement12.2%
Electronic Industry Average Movement7.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: AEVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: AEVA's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017227Soroush Dardashtihttps://www.aeva.com

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company was founded in 2017 is based in Mountain View, California.

Aeva Technologies Fundamentals Summary

How do Aeva Technologies's earnings and revenue compare to its market cap?
AEVA fundamental statistics
Market CapUS$667.45m
Earnings (TTM)-US$115.58m
Revenue (TTM)US$10.09m

66.1x

P/S Ratio

-5.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AEVA income statement (TTM)
RevenueUS$10.09m
Cost of RevenueUS$7.03m
Gross ProfitUS$3.07m
Other ExpensesUS$118.64m
Earnings-US$115.58m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.53
Gross Margin30.37%
Net Profit Margin-1,145.01%
Debt/Equity Ratio0%

How did AEVA perform over the long term?

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

Valuation

Is AEVA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 AEVA?

Other financial metrics that can be useful for relative valuation.

AEVA 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/Revenue26x
Enterprise Value/EBITDA-2.3x
PEG Ration/a

Price to Book Ratio vs Peers

How does AEVA's PB Ratio compare to its peers?

AEVA PB Ratio vs Peers
The above table shows the PB ratio for AEVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4.6x
MASS 908 Devices
3.3x-0.9%US$673.4m
MVIS MicroVision
6.3x55.3%US$652.6m
NSSC Napco Security Technologies
7.1x50.8%US$747.5m
FARO FARO Technologies
1.8x130.7%US$566.7m
AEVA Aeva Technologies
1.6x59.8%US$667.4m

Price-To-Book vs Peers: AEVA is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (4.6x).


Price to Earnings Ratio vs Industry

How does AEVA's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Book vs Industry: AEVA is good value based on its Price-To-Book Ratio (1.6x) compared to the US Electronic industry average (1.8x)


Price to Book Ratio vs Fair Ratio

What is AEVA's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AEVA PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate AEVA's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Aeva Technologies forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

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


59.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEVA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AEVA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AEVA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AEVA's revenue (68.8% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: AEVA's revenue (68.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AEVA's Return on Equity is forecast to be low in 3 years time (16%).


Discover growth companies

Past Performance

How has Aeva Technologies 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


-61.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEVA is currently unprofitable.

Growing Profit Margin: AEVA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AEVA is unprofitable, and losses have increased over the past 5 years at a rate of 61.1% per year.

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

Earnings vs Industry: AEVA is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (33.9%).


Return on Equity

High ROE: AEVA has a negative Return on Equity (-27.1%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Aeva Technologies'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: AEVA's short term assets ($425.3M) exceed its short term liabilities ($13.6M).

Long Term Liabilities: AEVA's short term assets ($425.3M) exceed its long term liabilities ($7.1M).


Debt to Equity History and Analysis

Debt Level: AEVA is debt free.

Reducing Debt: AEVA has not had any debt for 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: AEVA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AEVA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is Aeva Technologies'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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Soroush Dardashti (33 yo)

5.58yrs

Tenure

US$1,463,300

Compensation

Mr. Soroush Salehian Dardashti serves as Co-Founder and Chief Executive director at Aeva Technologies, Inc. since December 2016 and served as its President. He serves as Director at Aeva Technologies, Inc....


CEO Compensation Analysis

Compensation vs Market: Soroush's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD4.04M).

Compensation vs Earnings: Soroush's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AEVA's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: AEVA's board of directors are not considered experienced ( 2.9 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

Aeva Technologies, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aeva Technologies, Inc.
  • Ticker: AEVA
  • Exchange: NYSE
  • Founded: 2017
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$667.445m
  • Shares outstanding: 216.70m
  • Website: https://www.aeva.com

Number of Employees


Location

  • Aeva Technologies, Inc.
  • 555 Ellis Street
  • Mountain View
  • California
  • 94043
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 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.