Vicinity Motor Corp
XTSX:VMC
Intrinsic Value
Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. [ Read More ]
The intrinsic value of one
VMC
stock under the Base Case scenario is
12.27
CAD.
Compared to the current market price of 0.92 CAD,
Vicinity Motor Corp
is
Undervalued by 93%.
Vicinity Motor Corp's market capitalization is 42m CAD.
VMC stock price is 0.92 CAD.
VMC stock price (0.92 CAD) is 93% less than its Intrinsic Value (12.27 CAD).
VMC has upside potential of 122% compared to the average analyst price target.
Open Wall St Estimates
VMC has positive Gross Profit for the last twelve months.
VMC's Revenue has grown by 3% over the past 12 months.
VMC's D/E (Debt to Equity) is very low and is equal to 0.97.
VMC's ROIC (Return on Invested Capital) has decreased in the last 3 years from -13% to -17%, and is approaching profitability.
VMC's short-term liabilties (44m USD) exceed its short-term assets (41m USD).
VMC's Revenue has been growing by 10% per year for the last 3 years.
VMC's long-term assets (74m USD) exceed its long-term liabilties (53m USD).
VMC's ROE (Return on Equity) has significantly decreased in the last 3 years from -20% to -57%, and is approaching profitability.
VMC's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -17%.
VMC has negative Operating Income for the last twelve months.
VMC has negative Net Income for the last twelve months.
VMC's ROE (Return on Equity) for the past 12 months is negative and is equal to -57%.
VMC has negative Free Cash Flow for the last twelve months.
VMC has positive Net Debt. This means that the company has more debt (21m USD) than cash and short-term investments (2m USD).
VMC has negative three-year average ROE (Return on Equity): -38%. The company is not efficient at transforming stockholders' equity into net income.
VMC has negative three-year average ROIC (Return on Invested Capital): -22%. The company is not efficient at using invested capital to generate operating income.
VMC's Altman Z-Score is very low and is equal to -0.72.
VMC doesn't generate enough operating income (-9m USD) to safely cover interest payments on its debt (2m USD).
Fundamental Analysis
Vicinity Motor Corp
Balance Sheet Decomposition
Vicinity Motor Corp
| Current Assets | 40.6m |
| Cash & Short-Term Investments | 2m |
| Receivables | 5.6m |
| Other Current Assets | 33m |
| Non-Current Assets | 33.5m |
| PP&E | 23.7m |
| Intangibles | 9.8m |
| Current Liabilities | 43.5m |
| Accounts Payable | 10.2m |
| Short-Term Debt | 11.2m |
| Other Current Liabilities | 22.2m |
| Non-Current Liabilities | 9.5m |
| Long-Term Debt | 9.4m |
| Other Non-Current Liabilities | 135k |
Earnings Waterfall
Vicinity Motor Corp
|
Revenue
|
19.1m
USD
|
|
Cost of Revenue
|
-16.9m
USD
|
|
Gross Profit
|
2.1m
USD
|
|
Operating Expenses
|
-11.5m
USD
|
|
Operating Income
|
-9.4m
USD
|
|
Other Expenses
|
-7.2m
USD
|
|
Net Income
|
-16.6m
USD
|
Free Cash Flow Analysis
Vicinity Motor Corp
VMC Profitability Score
Profitability Due Diligence
Vicinity Motor Corp's profitability score is 18/100. The higher the profitability score, the more profitable the company is.
Score
Vicinity Motor Corp's profitability score is 18/100. The higher the profitability score, the more profitable the company is.
VMC Solvency Score
Solvency Due Diligence
Vicinity Motor Corp's solvency score is 23/100. The higher the solvency score, the more solvent the company is.
Score
Vicinity Motor Corp's solvency score is 23/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
VMC Price Targets Summary
Vicinity Motor Corp
According to Wall Street analysts, the average 1-year price target for
VMC
is 2.04 CAD
with a low forecast of 2.02 CAD and a high forecast of 2.1 CAD.
Shareholder Return
VMC Price
Vicinity Motor Corp
| Average Annual Return | 36.97% |
| Standard Deviation of Annual Returns | 143.09% |
| Max Drawdown | -93% |
| Market Capitalization | 42m CAD |
| Shares Outstanding | 45 667 706 |
| Percentage of Shares Shorted | 0.08% |
Company Profile
Vicinity Motor Corp
Country
Industry
Market Cap
Dividend Yield
Description
Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. The company is headquartered in Aldergrove, British Columbia. The company went IPO on 2013-12-13. The firm's operation focuses on manufacturing, engineering, designing, servicing, and selling of the Vicinity branded electric, compressed natural gas (CNG), and clean diesel transit buses and electric trucks. The company leverages a dealer network with manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, the Company's partner, for upfitting into delivery vehicles. Its various buses and truck models include Vicinity Lightning EV, Vicinity Classic, VMC 1200, VMC Optimal S1LF and VMC Optimal E1. Its subsidiaries include Grande West Transportation International Ltd. (GWTI) and Vicinity Motor (Bus) USA Corp.
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