Complete EVTV Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
EVTV DCF Analysis
EVTV (Envirotech Vehicles, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $2.9M | $1.9M | $2.3M | $2.9M | $3.7M | $4.6M | $5.7M |
| Revenue Growth % | - | -36.4% | -34.7% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-43.8M | $-12.7M | $-7.9M | $116.9K | $146.1K | $182.6K | $228.3K | $285.3K |
| EBIT Margin % | -973.4% | -444.1% | -423.5% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-32.9M | $-9.5M | $-5.9M | $87.7K | $109.6K | $137.0K | $171.2K | $214.0K |
| NOPAT Margin % | -730.0% | -333.1% | -317.7% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $168.6K | $35.8K | $430.3K | $49.6K | $58.9K | $69.9K | $83.0K | $98.6K |
| Capex / Revenue % | 3.7% | 1.3% | 23.0% | 2.1% | 2.0% | 1.9% | 1.8% | 1.7% |
| Depreciation | $97.2K | $128.8K | $190.5K | $131.3K | $164.1K | $205.1K | $256.4K | $320.5K |
| D&A / Revenue % | 2.2% | 4.5% | 10.2% | 5.6% | 5.6% | 5.6% | 5.6% | 5.6% |
| Change in NWC | $-4.6M | $-6.6M | $-4.4M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | -102.2% | -230.0% | -234.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $-28.4M | $-2.9M | $-1.8M | $169.4K | $214.8K | $272.2K | $344.6K | $435.9K |
| UFCF % Chg. | - | 89.9% | 37.4% | 109.5% | 26.8% | 26.7% | 26.6% | 26.5% |
| FCF / Revenue % | -629.4% | -99.8% | -95.7% | 7.2% | 7.4% | 7.5% | 7.5% | 7.6% |
| Discount Factor | - | - | - | 0.939 | 0.883 | 0.829 | 0.779 | 0.732 |
| Present Value of FCF | - | - | - | $159.1K | $189.6K | $225.6K | $268.4K | $318.9K |
| Sum of PV of UFCF | - | - | - | $159.1K | $348.7K | $574.3K | $842.7K | $1.2M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 5.6% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | 0.63 |
| Cost of Equity | 7.1% |
| Total Debt | $3.8M |
| Market Cap | $5.2M |
| Total Capital | $9.0M |
| Debt Weighting | 42.4% |
| Equity Weighting | 57.6% |
| WACC | 6.4% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $435.9K |
| Terminal Value | $11.3M |
| PV of Terminal Value | $8.3M |
| Cumulative PV of UFCF | $1.2M |
| Net Debt | $1.9M |
| Equity Value | $7.5M |
| Shares Outstanding | 16.2M |
| Implied Share Price | $0 |
| Current Share Price | $0 |
| Implied Upside/(Downside) | +129.4% |
Valuation Summary
$0.47
Implied Price
$0.20
Current Price
+129.4%
Upside/Downside
6.4%
WACC
EVTV Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 6 peer companies in Consumer Cyclical
P/E Ratio
$-9.95
-5002.9%
Peer Median: 18.2x
EV/EBITDA
$0.00
-100.0%
Peer Median: 0.0x
P/S Ratio
$0.10
-48.3%
Peer Median: 1.4x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for EVTV's business model and current situation.
Multiple Comparison
| Multiple | EVTV Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -0.4x | 18.2x | 18.2x | -102.0% | Undervalued |
| EV/EBITDA | Infinityx | 0.0x | 0.0x | Infinity% | Overvalued |
| P/S Ratio | 2.8x | 1.4x | 2.6x | 93.6% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.01B | 0.0x | 0.0x | 0.6x | |
| $0.01B | 0.0x | 0.0x | 1.4x | |
| $0.00B | 0.0x | 0.0x | 0.5x | |
| $0.01B | 0.0x | 0.0x | 2.8x | |
| $0.00B | 18.2x | 0.0x | 0.8x | |
| $915.74B | 156.4x | 65.4x | 9.6x |