Electrameccanica Vehicles Corp.Find Ratings Reports
ELECTRAMECCANICA VEHS CORP's gross profit margin for the third quarter of its fiscal year 2019 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ELECTRAMECCANICA VEHS CORP is extremely liquid. Currently, the Quick Ratio is 6.87 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 44.15% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY19||Q3 FY18|
|Net Sales ($mil)||0.2||0.19|
|Net Income ($mil)||-5.33||-2.89|
|Balance Sheet||Q3 FY19||Q3 FY18|
|Cash & Equiv. ($mil)||16.23||12.14|
|Total Assets ($mil)||35.23||21.07|
|Total Debt ($mil)||1.64||0.01|
|Profitability||Q3 FY19||Q3 FY18|
|Gross Profit Margin||33.0||26.84|
|Return on Assets||-70.42||-59.46|
|Return on Equity||-102.29||-74.46|
|Debt||Q3 FY19||Q3 FY18|
|Share Data||Q3 FY19||Q3 FY18|
|Shares outstanding (mil)||36.95||27.79|
|Div / share||0.0||0.0|
|Book value / share||0.66||0.61|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||454403.0||154054.0|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 3.14 indicates a discount versus the S&P 500 average of 3.65 and a significant discount versus the subsector average of 7.65. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, ELECTRAMECCANICA VEHS CORP seems to be trading at a premium to investment alternatives.
|SOLO NM||Peers 40.84||SOLO NM||Peers 22.50|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
SOLO's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
SOLO's P/CF is negative making the measure meaningless.
|SOLO NM||Peers 42.67||SOLO NA||Peers 2.75|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
SOLO's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|SOLO 3.14||Peers 7.65||SOLO -5.71||Peers -26.64|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
SOLO is trading at a significant discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
SOLO is expected to have an earnings growth rate that significantly exceeds its peers.
|SOLO 126.87||Peers 2.73||SOLO -18.96||Peers 3.85|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
SOLO is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
SOLO significantly trails its peers on the basis of sales growth.