EVgo Earnings: Operating Results Show Continued Improvement, but Financing Uncertainty Remains
We maintain our $2 fair value estimate for no-moat EVgo following its first-quarter results. We view the shares as fairly valued.
We maintain our $2 fair value estimate for no-moat EVgo following its first-quarter results. We view the shares as fairly valued.
EVgo is a leading asset owner of fast-charging stations, which are expected to grow faster than slower-charge stations.
EVgo will face heightened competition when Tesla opens its Supercharger network to other automakers.
Metric
|
EVGO
|
TSLA
|
GM
|
---|---|---|---|
Price/Earnings (Normalized) | — | 64.55 | 5.30 |
Price/Book Value | 8.48 | 8.73 | 0.70 |
Price/Sales | 1.06 | 6.49 | 0.32 |
Price/Cash Flow | — | 42.80 | 2.75 |
Metric
|
EVGO
|
TSLA
|
GM
|
---|---|---|---|
Quick Ratio | 2.84 | 1.13 | 0.83 |
Current Ratio | 2.99 | 1.73 | 1.08 |
Interest Coverage | — | 58.10 | 11.20 |
Metric
|
EVGO
|
TSLA
|
GM
|
---|---|---|---|
Return on Assets (Normalized) | −14.11% | 9.74% | 3.80% |
Return on Equity (Normalized) | — | 16.96% | 15.07% |
Return on Invested Capital (Normalized) | −19.84% | 13.43% | 5.37% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
ORLY
| O'Reilly Automotive Inc | Wvpnypkzgb | Chqj | $56.8 Bil | |
AZO
| AutoZone Inc | Vcmznhrcdv | Xszs | $47.0 Bil | |
TSCO
| Tractor Supply Co | Wrpvtphyr | Ryry | $30.3 Bil | |
WSM
| Williams-Sonoma Inc | Ztprrrssh | Rkf | $18.9 Bil | |
DKS
| Dick's Sporting Goods Inc | Zkyrjdpk | Vqq | $18.6 Bil | |
ULTA
| Ulta Beauty Inc | Bjzbwvmwy | Xnyjwrn | $18.3 Bil | |
BBY
| Best Buy Co Inc | Zgjtpvxl | Sjyfm | $15.7 Bil | |
BBWI
| Bath & Body Works Inc | Jjgjlrds | Brgmfkb | $11.6 Bil | |
RH
| RH Class A | Xkdzrmyyj | Lpbt | $5.0 Bil | |
CHPT
| ChargePoint Holdings Inc Ordinary Shares - Class A | Rtbnnsn | Kfjrh | $714.5 Mil |