Education
About Us
Working with TipRanks
Follow Us
Eve Holding (EVEX)
NYSE:EVEX
Top Page
Eve Holding
(NYSE:EVEX)
37Underperform
Positive Factors
Financial Performance
Eve Air Mobility secured a $35M loan agreement with the Brazilian National Development Bank to support the second phase of development for the company's eVTOL aircraft.
Market Position
Eve boasts an industry-leading 2,900-unit backlog and full financial/engineering backing from Embraer, the world’s third-largest aircraft OEM.
Negative Factors
Operational Challenges
The updated certification timeline pushed back expectations to certify the prototype aircraft from late 2026 to 2027.
Eve Holding (EVEX) vs. S&P 500 (SPY)
Market Cap
$1.08B
Dividend YieldN/A
Average Volume (3M)243.63K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue GrowthN/A
EPS Growth-23.79%
CountryUS
Employees180
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.49
Shares Outstanding297,644,300
10 Day Avg. Volume314,790
30 Day Avg. Volume243,629
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-9.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$7.00Price Target Upside92.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Eve Holding Business Overview & Revenue Model
Company DescriptionEve Holding, Inc. (EVEX) is a company focused on developing urban air mobility solutions. It operates within the aerospace sector, primarily engaging in the design and production of electric vertical takeoff and landing (eVTOL) aircraft. Eve aims to revolutionize urban transportation by offering innovative, sustainable, and efficient air mobility options to enhance connectivity and reduce congestion in urban environments.
How the Company Makes MoneyEve Holding makes money through the development and sale of its eVTOL aircraft. The company generates revenue by partnering with urban mobility service providers and city planners to integrate its aircraft into existing transportation networks. Additionally, Eve may engage in direct sales of its eVTOL units to commercial operators and potentially gain recurring revenue through maintenance services and software solutions that enhance the operation and efficiency of its aircraft. Strategic partnerships with aerospace industry leaders and technology companies also play a crucial role in supporting its growth and expanding its market reach.
Eve Holding Financial Statement Overview
Summary
Eve Holding shows strong revenue growth, but significant challenges remain in profitability and cash flow due to high operational costs and negative margins. The balance sheet indicates moderate leverage with rising debt levels, posing future financial risks.Income Statement
Eve Holding's revenue shows a significant increase in the TTM, but the company still faces substantial losses, reflected in negative EBIT and EBITDA margins. The net profit margin remains negative, indicating ongoing profitability challenges.20
Very Negative
Balance Sheet
The balance sheet shows moderate equity relative to assets, but the debt-to-equity ratio has increased, indicating rising leverage. The equity ratio suggests that the company is moderately leveraged, but not excessively so.40
Negative
Cash Flow
Cash flow analysis reveals negative free cash flow with a poor operating cash flow to net income ratio, highlighting cash management challenges. However, financing activities have provided some liquidity support.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 301.49K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 92.23K | -100.00K | -33.49K | -107.93K | 0.00 | 0.00 | EBIT |
| -155.35M | -128.69M | 16.05M | -15.79M | -9.59M | -7.69M | EBITDA |
| -132.83M | -125.74M | -173.06M | -18.15M | -16.66M | -7.37M | Net Income Common Stockholders |
| -136.74M | -127.66M | -174.03M | -15.96M | -9.66M | -7.84M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 0.00 | 158.10M | 227.93M | 14.38M | 1.97M | 0.00 | Total Assets |
| 73.68K | 245.34M | 312.88M | 15.32M | 72.99K | 0.00 | Total Debt |
| 0.00 | 25.76M | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| 0.00 | -21.12M | -49.15M | -14.38M | -1.97M | 0.00 | Total Liabilities |
| 1.05M | 80.29M | 25.95M | 2.23M | 1.09M | 452.53K | Stockholders Equity |
| -1.01M | 165.05M | 286.92M | 13.09M | -1.01M | -479.20K |
| Cash Flow | Free Cash Flow | ||||
| -125.80M | -94.68M | -59.93M | -14.89M | -9.03M | -7.50M | Operating Cash Flow |
| -121.80M | -94.51M | -59.46M | -14.89M | -9.03M | -7.50M | Investing Cash Flow |
| -15.00M | 66.83M | -258.48M | -4.60M | -232.30M | 0.00 | Financing Cash Flow |
| 151.99M | 24.93M | 352.70M | 29.26M | 9.03M | 7.50M |
Eve Holding Technical Analysis
Negative
3.63
Price Trends
4.70
Negative
4.19
Negative
3.84
Negative
Market Momentum
-0.25
Positive
35.93
Neutral
20.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVEX, the sentiment is Negative. The current price of 3.63 is below the 20-day moving average (MA) of 4.24, below the 50-day MA of 4.70, and below the 200-day MA of 3.84, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 35.93 is Neutral, neither overbought nor oversold. The STOCH value of 20.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVEX.
Eve Holding Risk Analysis
Eve Holding disclosed 72 risk factors in its most recent earnings report. Eve Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eve Holding Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $8.16B | 12.85 | 0.64% | 3.04% | 3.83% | -15.83% | |
56 Neutral | $227.11M | ― | -20.73% | ― | 12.04% | -30.50% | |
50 Neutral | $1.36B | ― | -50.79% | ― | 347.03% | 32.91% | |
43 Neutral | $3.69B | ― | -95.88% | ― | ― | 17.43% | |
40 Underperform | $104.81M | ― | -83.78% | ― | 3.47% | 53.31% | |
40 Underperform | $4.85B | ― | -62.47% | ― | -86.82% | -7.68% | |
37 Underperform | $1.08B | ― | -74.78% | ― | ― | -23.79% |
* Industrials Sector Average
Performance Comparison
EVEX
Eve Holding
3.70
-1.60
-30.19%
SPCE
Virgin Galactic Holdings
3.02
-30.38
-90.96%
EH
Ehang Holdings
22.45
7.97
55.04%
BLDE
Blade Air Mobility
2.91
0.13
4.68%
JOBY
Joby Aviation
6.03
0.61
11.25%
ACHR
Archer Aviation
6.81
1.71
33.53%
Eve Holding Earnings Call Summary
Earnings Call Date: Mar 11, 2025 | % Change Since: 0.00% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Positive
Eve demonstrated significant progress in its eVTOL development, securing substantial capital, advancing prototype testing, and maintaining a strong order backlog. However, challenges remain with financial losses, a slight reduction in the order book, and anticipated high cash burn.Highlights
Successful Capital Raising
Eve raised $270 million in 2024 through a mix of credit and equity instruments, providing a solid liquidity position of $429 million, enough to sustain operations through 2025 and 2026.
Prototype Development and Testing
Eve completed the assembly of its full-scale engineering prototype, performed several ground tests, and is preparing for its first flight by mid-2025.
Certification Progress
Eve published the Basis of Certification with ANAC, a critical milestone for eVTOL commercial flight in Brazil, and is actively engaging with FAA and JCAB for certification plans.
Strong Pre-Order Backlog
Eve maintains a pre-order backlog of approximately 2,800 aircraft valued at $14 billion from 28 customers across nine countries.
Eve TechCare Launch
Eve launched its aftermarket service portfolio, securing contracts with 14 customers for up to $1.6 billion in potential revenue.
Lowlights
Order Book Reduction
The pre-order backlog decreased from 2,900 to 2,800 aircraft, although the dollar amount remained at $14 billion.
Continued Financial Losses
Eve reported a net loss of $40 million for Q4 2024 and $138 million for the full year, reflecting ongoing R&D and SG&A expenses.
High Cash Burn Anticipated
Eve anticipates a cash burn of $200 to $250 million in 2025 due to accelerated eVTOL development and initial investments in production facilities.
Company Guidance
During the Eve Holding, Inc. Fourth Quarter 2024 earnings call, the company highlighted significant achievements and provided guidance for 2025. The company raised $270 million in 2024, comprising $170 million in debt and $100 million in equity, enhancing their liquidity to $429 million, which is sufficient to cover operations through 2026. Eve plans to invest $30 million in 2025 for developing their manufacturing facility, with a total planned investment of $100 million. The company aims to build five certification prototypes and expects to perform the first flight of their full-scale engineering prototype by mid-2025. Their total pre-order backlog stands at approximately 2,800 aircraft, valued at nearly $14 billion, with 21 customers for their air traffic management solution, Vector. For 2025, Eve anticipates a cash burn of $200 to $250 million, driven primarily by eVTOL development and facility investments.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.