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VivoPower PLCNasdaqCM:VIVO Stock Report

Market Cap US$110.8m
Share Price
US$6.36
US$2.41
163.9% overvalued intrinsic discount
1Y23.0%
7D40.7%
1D
Portfolio Value
​
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VivoPower PLC

NasdaqCM:VIVO Stock Report

Market Cap: US$110.8m

VivoPower (VIVO) Stock Overview

Provides energy solutions for customized and ruggedized fleet applications, battery and microgrids, and solar and critical power technology and services. More details

VIVO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Risk Analysis

Earnings have declined by 30.6% per year over past 5 years

Makes less than USD$1m in revenue ($61K)

Highly volatile share price over the past 3 months compared to the US market

Shareholders have been substantially diluted in the past year

+ 1 more risk

VIVO Community Fair Values

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VivoPower

VVPR is a highly speculative stock with major risks tied to its financial stability

Based on its current status with a low market cap (~$5 million), severe revenue decline, and significant net losses, VivoPower International (VVPR) faces a critical period through 2025. VVPR is a highly speculative stock with major risks tied to its financial stability.
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US$2.41
FV
163.9% overvalued intrinsic discount
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VivoPower PLC Competitors

Price History & Performance

Summary of share price highs, lows and changes for VivoPower
Historical stock prices
Current Share PriceUS$6.36
52 Week HighUS$8.63
52 Week LowUS$1.20
Beta-1.07
1 Month Change99.37%
3 Month Change197.20%
1 Year Change23.02%
3 Year Change8.48%
5 Year Change-91.83%
Change since IPO-91.33%

Recent News & Updates

Recent updates

Seeking Alpha • Aug 29

VivoPower International Non-GAAP EPS of -$1.02 misses by $0.32, revenue of $37.62M misses by $5.35M

VivoPower International press release (NASDAQ:VVPR): FY Non-GAAP EPS of -$1.02 misses by $0.32. Revenue of $37.62M (-6.9% Y/Y) misses by $5.35M. Cash balance at June 30, 2022 of $1.3m but increased to $8.9m post balance date following completion of divestitures and NASDAQ shelf issuance in July 2022 Annual group revenues (including discontinued operations in Aevitas) of $37.6 million down 3% on a constant AUD/USD FX basis. Underlying EBITDA loss including discontinued operations of ($10.4) million (versus EBITDA loss of ($1.4) million in FY21) reflects a reduction in revenues, gross profit and an increase in headcount and marketing costs to support growth
Seeking Alpha • Jul 29

VivoPower prices $5.5M in stock and warrants offering

VivoPower (NASDAQ:VVPR) entered into a definitive agreement with a single U.S. institutional investor for the purchase and sale of 4.23M shares at an offering price of $1.30/share for gross proceeds of ~$5.5M. It has also agreed to issue to the investor, in a concurrent private placement, unregistered warrants to purchase shares. The warrants will have an exercise price of $1.30/ share, will be exercisable on the six-month anniversary of the issuance date and will expire five years from initial exercise date. Net proceeds to be used for hiring additional engineering talent, progress the scale up of assembly and production capabilities in key markets globally and for general corporate purposes. Offer is expected to occur on or about Aug.2, 2022. Shares trading 7.3% down premarket.
Seeking Alpha • Jul 05

VivoPower Shows Positive Signs Of Change

With pandemic time restrictions gone, the operations are back to normal. The company is restructuring in order to scale the business of EV conversions. VVPR remains a highly risky stock with much uncertainty clouding its future. Electric vehicle conversion is a relatively new by-product of alternative fuel vehicles. At this point, the market is run mostly by small firms and startups that cater to a niche group of customers. But the potential for automotive applications, in the world that is set on decarbonizing, is huge. It is this opportunity that VivoPower International (VVPR) is attempting to capitalize on, by infusing subsidiary Tembo e-LV with significant economies of scale to perfect the technology and broaden the distribution. vivopower.com VivoPower has been offering solar and critical power technology solutions since inception in 2014, and more recently electrification services for off-road vehicles, primarily in Australia, but also Europe, North America and the Middle East. Critical Power has been the cash cow: it supplied 95% of group revenue in the first half of FY2022; Electric Vehicles is the long-term growth focus. 1-Year Price Return to 1 July 2022 Seeking Alpha In the past year to July 1, VVPR came down 80%, falling much more than the S&P SmallCap 600 (SP600) which dropped 18%, its Energy Sector sub-index (SP600-1010) which fell -7%, as well as the Energy Equipment & Services sub-index (SP600-101010) that suffered a -6% decline. It is less than impressive but the outlook is not entirely glum. Value-adding deals Theoretically, VivoPower’s decarbonization solutions have near endless potential in today’s world that realizes the need for an eventual phase-out of fossil fuels. A couple of developments over the last quarter have started to actualize that potential in earnest. In May, the company entered into an agreement with Toyota Motor Corporation Australia to model a fully electrified LandCruiser 70 for the mining sector in Australia, following a binding Letter of Intent signed a year ago. Executing this project is VivoPower’s Dutch subsidiary, Tembo e-LV (wholly owned since February 2021). Then in June, VivoPower was awarded its largest-ever solar contract for electrical works, worth A$11.7m ($8m), at the 204 MWDC Edenvale Solar Farm in Queensland. Delivering this project will be the solar division of the company’s Australian subsidiary J.A. Martin Electrical that has grown 62% compounded annually since financial year 2019. Promising but risky While recent contracts are positive signs, VivoPower has a long way to go before it reaches financial soundness. COVID-19 was a big setback, delaying schedules and increasing costs, primarily relating to Tembo, in both Australia and the Netherlands. This caused group loss to widen to $10m for H1 FY2022 from $0.4m a year earlier. The borders are now open, but challenges remain. Aside from freshly added war-induced externalities (supply chains, inflation, energy), VivoPower has been struggling to fund itself. Its net debt-to-equity ratio last stood at 65%, a level that is typical of capital intensive energy companies. More concerning are modest cash reserves — $3.3m in December 2021 and $4.6m in March 2022 — which leaves it with less than a year of cash runway. Acquiring headline unit Tembo has been the heaviest item so far: $4.7m was paid for 51% in 2020, $2.2m and 15,793 VVPR shares for the remaining 49% in 2021, plus additional $10.9m as an earnout. With limited cash, debt and equity financing have been used unsparingly. Debt started at $8m from the time of the IPO in 2016 and peaked to $25m in mid-2020. Meanwhile, the dilution trendline is a high 34% per annum. VVPR: Shares Outstanding as of 31 December 2021 GuruFocus Yet all of that fundraising has been taking place in the context of growth. The acquisition of Tembo, for one, brought a distribution deal with GB Auto Group for Tembo’s electric Toyota Land Cruiser and Hilux as well as conversion kits. The partnership is expected to generate up to $250m in revenues, combined with the value of the converted vehicles, over the first four years. Setting up new regional offices and staffing them is producing high opex but should help expand the company’s reach. Generous R&D allowances are already bearing fruits, first and foremost in the way of a 300% performance upgrade for Tembo’s current 28 kWh battery kit. Moving forward, VivoPower is committing to non-dilutive expansion, maximizing cash flows from Critical Power unit Aevitas and prioritizing working capital financing facilities coupled with government grants in jurisdictions with climate-friendly policies such as the UK (e.g., Net Zero Strategy) and the EU (e.g., European Innovation Council). At the same time, the management has introduced measures to boost cost savings and efficiencies which have helped bump up the latest quarterly results: cash levels increased 39% to $4.6m and revenue 15% to $10.2m compared to the previous quarter. Focused growth VivoPower does seem to realize that expansion has to be laser-focused given scarce resources. The management has just announced the sale of two non-core units, J.A. Martin Electrical — excluding the solar unit — and NDT Services, for an upfront consideration and an earnout that could add up to A$10m ($6.8m). This money will be channeled to the fast-growing businesses delivering electric vehicles and renewable energy solutions. Also soon to go might be Caret Solar, a portfolio of 38 solar projects in the US with combined generation capacity of 1.8 GWDC. Part of it is newly formed Caret Decimal, a renewable powered digital asset mining business, whose planned initial contribution of 206.5 MWDC is valued at $20m. The management expects to make a good profit on the deal given a healthy interest from crypto firms in green mining. Integrated sustainability VivoPower is a B Corp, a voluntary status earned by companies that meet high environmental, social and governance standards. While the relevance of this certification for the company is obvious (as it relates to decarbonization), it is not a common feature of businesses of this kind and size due to the complexity of qualifying for the status and maintaining it afterwards. In the renewable energy installation space (other than solar panels), there are 37 B Corps in total, and VivoPower is the only US listed entity.
Seeking Alpha • Jun 29

VivoPower divests two non-core business units, announces strategic reorganization

VivoPower (NASDAQ:VVPR) announced the sale of two non-core business units in Australia, J.A. Martin Electrical (JAM Electrical) and NDT Services to ARA Group, diversified industrial services group based in Australia. The company will receive upfront consideration and an earnout based on FY23 EBITDA results for the businesses which could total up to A$10M. The sale is expected to be completed and settled on July 1, 2022. Proceeds from the sale of the above non-core business units will be re-invested primarily in the company's fast-growing electric vehicle and sustainable energy solutions businesses. VivoPower is retaining its growing J.A. Martin's Solar business, which will become a new division of its existing Australian business arm, Kenshaw. "With the JAM Solar business revenue delivering 62% CAGR since FY19, the sale of the non-solar business of JAM Electrical and NDT represents an opportunity for the company to consolidate its strategic focus while divesting non-core service offerings," Executive Chairman and CEO Kevin Chin commented.
Analysis Article • Jun 09

Does VivoPower International (NASDAQ:VVPR) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Nov 04

VivoPower: The Story Isn't Electrifying

VivoPower International PLC has below-par fundamentals and may not be a good investment idea currently. Expansion into international deals could be a factor that helps the company grow over the future. The COVID-19 pandemic and supply chain issues will continue to hurt the company's operations.

Shareholder Returns

VIVOUS Renewable EnergyUS Market
7D40.7%-1.5%1.2%
1Y23.0%11.8%27.0%

Return vs Industry: VIVO exceeded the US Renewable Energy industry which returned 17.1% over the past year.

Return vs Market: VIVO underperformed the US Market which returned 28.2% over the past year.

Price Volatility

Is VIVO's price volatile compared to industry and market?
VIVO volatility
VIVO Average Weekly Movement21.7%
Renewable Energy Industry Average Movement7.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: VIVO's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: VIVO's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201441Kevin Chinvivopower.com

VivoPower PLC, together with its subsidiaries, provides energy solutions for customized and ruggedized fleet applications, battery and microgrids, and solar and critical power technology and services. It operates through Electric Vehicles, Sustainable Energy Solutions, Solar Development, and Digital Assets segments. The Electric Vehicles segment offers ruggedized battery-powered Electric Vehicle (EV) solutions, including conversion kits for fleet owners in the mining, agriculture, energy utility, defense, police, government, public transport, humanitarian, and game safari industries.

VivoPower PLC Fundamentals Summary

How do VivoPower's earnings and revenue compare to its market cap?
VIVO fundamental statistics
Market capUS$110.82m
Earnings (TTM)-US$14.44m
Revenue (TTM)US$61.00k
1,751x
P/S Ratio
-7.4x
P/E Ratio

Is VIVO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VIVO income statement (TTM)
RevenueUS$61.00k
Cost of RevenueUS$50.00k
Gross ProfitUS$11.00k
Other ExpensesUS$14.45m
Earnings-US$14.44m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.86
Gross Margin18.03%
Net Profit Margin-23,672.13%
Debt/Equity Ratio144.2%

How did VIVO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 12:23
End of Day Share Price 2026/06/02 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

VivoPower PLC is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey CampbellAlliance Global Partners
David LarkamEdison Investment Research