Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $5.66M
• Dividend Yield: N/A
• Average Volume (3M): 410.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: -62.68%
• EPS Growth: 80.29%
• Country: US
• Employees: 14
• Sector: Consumer Cyclical
• Sector Strength: 46
• Industry: Auto - Manufacturers
• EPS (TTM): -0.63
• Shares Outstanding: 23,106,392
• 10 Day Avg. Volume: 181,734
• 30 Day Avg. Volume: 410,686
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.49
• Price to Cash Flow (P/CF): -0.90
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Envirotech Vehicles faces major financial challenges with declining revenues and high leverage, reflected in a low financial performance score. The technical analysis indicates bearish momentum, suggesting potential short-term price declines. Valuation concerns persist due to negative profitability. The recent acquisition of Maddox Industries offers a positive outlook by potentially boosting revenue and market positioning. However, the overall score reflects current financial and technical weaknesses.

Envirotech Vehicles Business Overview & Revenue Model

Company Description

Envirotech Vehicles (EVTV) is a company focused on designing, manufacturing, and distributing electric vehicles, primarily targeting commercial and industrial sectors. The company specializes in providing zero-emission solutions for transportation needs, offering a range of electric trucks, vans, and buses. Their products aim to reduce environmental impact and optimize operational efficiency for businesses looking to transition to sustainable transportation options.

How the Company Makes Money

Envirotech Vehicles generates revenue through the sale of its electric vehicles to commercial clients, including businesses in logistics, delivery services, and public transportation sectors. The company's key revenue streams include direct sales of vehicles and potential leasing arrangements. Additionally, EVTV may engage in strategic partnerships with other companies to enhance technology offerings or expand market reach, contributing further to its earnings. The company might also explore government incentives or subsidies for electric vehicle manufacturers, which can support its financial performance.

Envirotech Vehicles Financial Statement Overview

Summary

Envirotech Vehicles is facing significant financial challenges across income, balance sheet, and cash flow aspects. The company struggles with declining revenues, negative profitability, and high leverage, impacting its financial health. Cash flow issues further emphasize the need for strategic improvements to stabilize financial performance.

Income Statement

Envirotech Vehicles exhibits declining revenue with a significant negative net profit margin and EBIT margin over the TTM (Trailing-Twelve-Months). The company shows negative revenue growth, suggesting a struggle in maintaining sales momentum. Profitability remains a concern with negative margins, indicating operational inefficiencies and financial challenges.

Balance Sheet

The balance sheet of Envirotech Vehicles shows a relatively high equity ratio, which is a positive indicator of financial stability. However, the debt-to-equity ratio increased over the recent period, indicating rising leverage. The negative return on equity reflects the company's inability to generate profit from shareholders' equity, posing a risk to financial sustainability.

Cash Flow

Envirotech Vehicles' cash flow statement reveals negative operating cash flow and free cash flow, highlighting liquidity challenges. The free cash flow to net income ratio is negative, indicating that cash flow generation is insufficient to cover losses. There is also a negative free cash flow growth rate, which further stresses the cash position.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.73M	2.86M	4.50M	2.04M	88.73K	12.56M
	Gross Profit
292.32K	1.01M	1.73M	761.38K	15.18K	885.42K
	EBIT
-7.35M	-12.71M	-43.85M	-7.72M	-410.96K	-5.21M
	EBITDA
-6.63M	-7.49M	-6.66M	-7.36M	-386.29K	-5.10M
	Net Income Common Stockholders
-9.70M	-12.68M	-43.80M	-7.65M	-279.52K	-5.15M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
464.00K	456.72K	5.10M	12.85M	136.22K	7.20M
	Total Assets
3.18M	22.65M	33.48M	75.31M	2.41M	10.32M
	Total Debt
5.72M	806.55K	232.44K	45.03K	152.84K	5.82M
	Net Debt
5.26M	349.83K	-2.53M	-4.80M	16.61K	1.39M
	Total Liabilities
6.12M	2.02M	1.49M	1.57M	2.88M	7.04M
	Stockholders Equity
-2.94M	20.63M	31.99M	73.74M	-472.16K	3.28M
Cash Flow		Free Cash Flow
-3.28M	-4.28M	-7.60M	-12.96M	1.45M	-4.59M
	Operating Cash Flow
-3.05M	-4.25M	-7.43M	-12.94M	1.53M	-4.58M
	Investing Cash Flow
-228.51K	2.31M	5.51M	-4.68M	-73.09K	1.13M
	Financing Cash Flow
3.09M	-430.48K	-156.69K	20.59M	152.84K	4.13M

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVTV, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.33, and below the 200-day MA of 1.32, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 34.32 is Neutral, neither overbought nor oversold. The STOCH value of 34.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVTV.

Envirotech Vehicles Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	$12.18B	11.09	-1.08%	3.77%	1.26%	-19.82%
KNDI	48 Neutral	$117.93M	―	-1.59%	―	-11.61%	-22.20%
EVTV	41 Neutral	$5.66M	―	-45.38%	―	-62.68%	80.29%
GOEVQ	40 Underperform	$1.95M	―	-72.67%	―	258.96%	82.54%
WKHS	37 Underperform	$6.61M	―	-159.80%	―	-49.47%	54.99%
AYRO	33 Underperform	$4.49M	―	-9.34%	―	-87.22%	77.29%

Envirotech Vehicles Corporate Events

Envirotech Vehicles Appoints Jason Maddox as Interim CFO

On January 20, 2025, William C. Miller resigned as the Chief Financial Officer of Envirotech Vehicles, Inc. The following day, the board appointed Jason Maddox as the Interim CFO, who will also continue as President without additional compensation. Maddox, who has an extensive background in leadership and entrepreneurship, joined the company after Envirotech acquired Maddox Industries. This transition is part of the company’s strategic move following its acquisition of Maddox Industries, highlighting its focus on strengthening leadership in the competitive government contracting sector.

Envirotech Vehicles Appoints New CFO Amid Leadership Change

Envirotech Vehicles, Inc. announced the resignation of its Chief Financial Officer, Franklin Lim, due to health reasons, effective December 31, 2024. William C. Miller will be appointed as the new CFO starting January 1, 2025. Miller brings over 25 years of accounting and finance experience to the role, having previously operated his own accounting firm and served in various financial positions. He will receive an annual salary of $150,000 and stock options as part of his compensation package.

Envirotech Vehicles Announces Director Changes and Stockholder Decisions

Envirotech Vehicles, Inc. announced that Brock J. Pierce has resigned as a director of the company, with no disagreements affecting his decision. During the 2024 Annual Meeting of Stockholders, the company successfully elected Class I directors, ratified its accounting firm, and approved executive compensation measures, deciding to hold future compensation votes annually.

Envirotech Vehicles Expands with Maddox Industries Acquisition

Envirotech Vehicles, Inc. has acquired Maddox Industries, a key player in government contracting solutions, to bolster its U.S. manufacturing and electric vehicle initiatives. This strategic move is expected to generate significant revenue from government contracts over the next three years and create over 250 jobs. The acquisition will enhance Envirotech’s position in the electric vehicle market, expand its capabilities in manufacturing and technology, and support the deployment of zero-emission logistics vans and hybrid modernization programs. By integrating Maddox’s expertise and resources, Envirotech aims to lead in sustainable growth and innovation.