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Electrameccanica Vehicles Corp Ltd SOLO

Morningstar Rating
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

SOLO is trading at a 67% discount.
Price
$0.21
Fair Value
$3.80
Uncertainty
Extreme
1-Star Price
$2.57
5-Star Price
$7.84
Economic Moat
Ntrj
Capital Allocation
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News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
Price/Sales
41.61
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Small Value
Total Number of Employees
34

Comparables

Valuation

Metric
SOLO
600418
000550
Price/Earnings (Normalized)
14.22
Price/Book Value
0.352.742.15
Price/Sales
41.610.880.69
Price/Cash Flow
11.654.96
Price/Earnings
SOLO
600418
000550

Financial Strength

Metric
SOLO
600418
000550
Quick Ratio
12.370.730.86
Current Ratio
13.360.931.06
Interest Coverage
−0.9315.85
Quick Ratio
SOLO
600418
000550

Profitability

Metric
SOLO
600418
000550
Return on Assets (Normalized)
−30.61%−3.72%5.04%
Return on Equity (Normalized)
−40.51%−13.40%14.03%
Return on Invested Capital (Normalized)
−37.58%−7.03%11.29%
Return on Assets
SOLO
600418
000550
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