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Phoenix Motor Inc. (PEV)
NASDAQ:PEV
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Phoenix Motor Inc.
(NASDAQ:PEV)
38Underperform
Phoenix Motor Inc. (PEV) vs. S&P 500 (SPY)
Market Cap
$5.01M
Dividend YieldN/A
Average Volume (3M)5.18M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees30
SectorConsumer Cyclical
Sector Strength66
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.63
Shares Outstanding45,979,404
10 Day Avg. Volume2,541,362
30 Day Avg. Volume5,178,552
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.02
Price to Cash Flow (P/CF)-5.50
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Phoenix Motor Inc. Business Overview & Revenue Model
Company DescriptionPhoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks. It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations. The company also markets and sells electric vehicle chargers for the commercial and residential markets; and operates a sales and leasing dealership in the United States. In addition, it sells various L2 and DC fast-charging solutions to its fleet customers at the point of sale for fleet vehicles. The company was founded in 2003 and is headquartered in Anaheim, California. Phoenix Motor Inc. operates as a subsidiary of Edisonfuture Inc.
How the Company Makes MoneyPhoenix Motor Inc. generates revenue primarily through the sale of its electric vehicles. The company's key revenue streams include direct sales to fleet operators and commercial enterprises looking to integrate electric vehicles into their operations. Additionally, Phoenix Motor Inc. may engage in strategic partnerships with other companies to expand its market reach or enhance its product offerings. Revenue is also supported by any ancillary services or products related to electric vehicle maintenance, charging infrastructure, or technology licensing. The company's focus on the commercial sector allows it to tap into the growing demand for sustainable transportation solutions, thereby contributing to its earnings.
Phoenix Motor Inc. Financial Statement Overview
Summary
Phoenix Motor Inc. is experiencing significant financial instability, with declining revenues, substantial losses, and a negative equity position, indicating a high-risk financial profile.Income Statement
Phoenix Motor Inc. shows significant challenges on its income statement. The company has faced declining revenues from $4.33 million in 2022 to $3.12 million in 2023, indicating a revenue growth rate of -27.9%. Additionally, profitability metrics are concerning, with a gross profit margin of -8.84% and a net profit margin of -661.25% for 2023, highlighting substantial losses. The company also reports negative EBIT and EBITDA margins, further indicating operational inefficiencies.28
Negative
Balance Sheet
The balance sheet of Phoenix Motor Inc. reveals financial instability. The company has negative stockholders' equity of -$4.84 million as of 2023, leading to a negative debt-to-equity ratio. The equity ratio has dropped to -41.56%, indicating that liabilities exceed assets, which is a significant risk factor. These metrics show a weakened financial position with high leverage and potential solvency issues.15
Very Negative
Cash Flow
Cash flow analysis reveals persistent challenges. The company has negative free cash flow of -$3.74 million in 2023, though it shows a smaller deficit compared to 2022's -$16.15 million, indicating some improvement in free cash flow growth. However, the operating cash flow to net income ratio is negative, reflecting ongoing operational cash flow deficiencies. The reliance on financing activities to cover cash shortfalls adds risk to the cash flow stability.32
Negative
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.12M | 4.33M | 2.98M | 4.51M | 3.99M | Gross Profit |
| -276.00K | 820.00K | -563.00K | -421.00K | -298.00K | EBIT |
| -20.51M | -13.15M | -14.31M | -5.25M | -5.68M | EBITDA |
| -18.01M | -10.34M | -12.91M | -4.05M | -5.10M | Net Income Common Stockholders |
| -20.64M | -12.71M | -14.61M | -4.67M | -5.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 31.00K | 139.00K | 2.68M | 15.70M | 29.00K | Total Assets |
| 11.64M | 20.44M | 15.44M | 29.23M | 8.96M | Total Debt |
| 6.97M | 4.09M | 766.00K | 205.00K | 2.80M | Net Debt |
| 6.94M | 3.96M | -1.92M | -15.49M | 2.77M | Total Liabilities |
| 16.48M | 8.16M | 5.21M | 4.44M | 20.59M | Stockholders Equity |
| -4.84M | 12.28M | 10.23M | 24.79M | -11.64M |
| Cash Flow | Free Cash Flow | |||
| -3.75M | -16.15M | -13.58M | -2.06M | -6.20M | Operating Cash Flow |
| -3.65M | -14.87M | -12.94M | -1.42M | -3.33M | Investing Cash Flow |
| -93.00K | -1.01M | -638.00K | -636.00K | -2.84M | Financing Cash Flow |
| 6.64M | 13.58M | 561.00K | 17.73M | 6.01M |
Phoenix Motor Inc. Technical Analysis
Negative
0.11
Price Trends
0.36
Negative
0.32
Negative
0.40
Negative
Market Momentum
-0.09
Positive
29.79
Positive
11.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEV, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.36, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 29.79 is Positive, neither overbought nor oversold. The STOCH value of 11.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PEV.
Phoenix Motor Inc. Risk Analysis
Phoenix Motor Inc. disclosed 53 risk factors in its most recent earnings report. Phoenix Motor Inc. reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Phoenix Motor Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $6.85B | 11.71 | 3.16% | 4.15% | 2.39% | -21.87% | |
39 Underperform | $5.95M | ― | -159.80% | ― | -49.47% | 54.99% | |
38 Underperform | $5.01M | ― | 426.64% | ― | ― | ― | |
35 Underperform | $4.34M | ― | -9.34% | ― | -87.22% | 77.29% | |
34 Underperform | $5.96M | ― | -42.59% | ― | -34.68% | 34.15% | |
28 Underperform | $4.23M | ― | ― | ― | ― | ||
27 Underperform | $3.23M | ― | -864.11% | ― | 23.80% | 99.03% |
* Consumer Cyclical Sector Average
Performance Comparison
PEV
Phoenix Motor Inc.
0.09
-0.49
-84.48%
AYRO
AYRO
0.51
-0.88
-63.31%
WKHS
Workhorse Group
1.16
-40.54
-97.22%
EVTV
Envirotech Vehicles
0.26
-2.04
-88.70%
VLCN
Volcon
0.84
-207.72
-99.60%
ZAPP
Zapp Electric Vehicles
0.53
-2.24
-80.87%
Phoenix Motor Inc. Earnings Call Summary
Earnings Call Date:Dec 16, 2024
(Q1-2024)
| % Change Since: -64.52%|
Next Earnings Date:May 19, 2025
Earnings Call Sentiment Positive
The earnings call highlighted several positive developments, including record financial performance, successful strategic acquisitions, and operational expansions. Despite minor cash flow constraints, the overall outlook remains optimistic with strong market positioning and financial health.Q1-2024 Updates
Positive Updates
Record Financial Results
Net revenues increased to $9.4 million, and net income reached $14.8 million, a significant turnaround from a net loss in the same period last year.
Strategic Acquisition Success
Acquisition of a major zero emission bus manufacturer, leading to 40% market share in North America and over 1,000 buses delivered.
Strong Market Position
Zero emission transit business with a $200 million backlog and expected revenue contribution indicating robust market demand.
Operational Achievements
Integration of transit operations, production of next-generation Gen 4 shuttle buses, and expansion plans for manufacturing facilities.
Financial Health and Capital Structure
Negotiated waiver agreement and capital raise activity leading to $11.1 million in new capital, preventing dilution of shareholders and supporting growth initiatives.
Negative Updates
Cash Flow Constraints
Cash flow issues impacted the number of deliveries completed in the first quarter.
Company Guidance
During the Phoenix Motors Q1 2024 earnings call, significant progress and robust financial performance were highlighted. The company reported net revenues of $9.4 million, up from $1.8 million in the previous year, primarily driven by the acquisition of a major zero-emission bus manufacturer. This strategic move also contributed to a net income of $14.8 million or $0.49 per share, a notable turnaround from a net loss experienced in the same period last year. Total assets increased to $78.7 million, ensuring compliance with NASDAQ listing standards. The acquisition bolstered Phoenix's market presence, with a 40% market share in North America and a $200 million revenue backlog. The company also emphasized its focus on sustainable transportation solutions across three market segments—transit and shuttle buses, medium-duty trucks, and school buses—with a $5 billion federal funding boost for electric buses. Looking ahead, Phoenix Motors anticipates a Q2 revenue increase to $12 million, driven by new product launches and strategic partnerships.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.