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Zapp Electric Vehicles (ZAPP)
NASDAQ:ZAPP
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Zapp Electric Vehicles
(NASDAQ:ZAPP)
27Underperform
Positive Factors
Innovation
Zapp's 16 patents and 21 pending patents cover innovative features, enhancing performance, reliability, and safety, which are expected to boost sales in countries with high pollution from traditional motorcycles.
Market Expansion
Zapp received approval to sell electric motorcycles in the U.K. and Thailand, and expects to expand sales to other European countries and India in the future.
Revenue Milestone
ZAPP achieved first revenue from selling electric urban motorcycles, marking a significant milestone for the company.
Negative Factors
Financial Challenges
As of March 31, 2024, Zapp had $0.5M in cash and $5.2M in debt, indicating financial challenges despite plans for a $50M equity purchase agreement.
Sales Forecast
Analyst reduces forecasts for initial sales and sales growth in Thailand, indicating potential challenges in market expansion.
Sales Guidance Uncertainty
ZAPP did not reiterate guidance for expected unit sales, suggesting uncertainty in meeting previous targets.
Zapp Electric Vehicles (ZAPP) vs. S&P 500 (SPY)
Market Cap
$5.98M
Dividend YieldN/A
Average Volume (3M)136.22K
Price to Earnings (P/E)―
Beta (1Y)3.28
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees36
SectorConsumer Cyclical
Sector Strength50
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding7,939,729
10 Day Avg. Volume193,280
30 Day Avg. Volume136,215
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)325.52
Price to Cash Flow (P/CF)N/A
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
$3.00Price Target Upside300.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Zapp Electric Vehicles Business Overview & Revenue Model
Company DescriptionZapp Electric Vehicles (ZAPP) is a pioneering company in the electric mobility sector, specializing in the design and manufacturing of cutting-edge electric scooters and motorcycles. The company focuses on providing sustainable, efficient, and stylish transportation solutions for urban commuters and environmentally-conscious consumers. With a commitment to innovation and eco-friendly practices, ZAPP aims to transform urban mobility through its advanced electric vehicles.
How the Company Makes MoneyZAPP makes money primarily through the sale of its electric scooters and motorcycles. The company's revenue model is based on direct sales to consumers through its online platform and authorized dealerships. Additionally, ZAPP may generate revenue from service and maintenance packages, as well as from selling accessories and replacement parts for its vehicles. Strategic partnerships with technology and automotive companies enhance its product offerings and expand its market reach, contributing to its earnings. The company may also explore revenue opportunities in fleet sales to businesses and ride-sharing services, leveraging the growing demand for electric mobility solutions in urban areas.
Zapp Electric Vehicles Financial Statement Overview
Summary
Zapp Electric Vehicles faces significant financial challenges with minimal revenue, substantial losses, and high leverage. Negative equity and reliance on external financing highlight financial instability.Income Statement
Zapp Electric Vehicles has shown minimal revenue generation with a total revenue of $17,440 in the latest period, indicating a significant challenge in market penetration. The net profit margin is negative due to substantial net losses, reflecting high operational costs relative to revenues. Although the revenue growth is technically infinite due to zero revenue in the prior period, the financial performance remains weak with negative EBIT and EBITDA margins, suggesting operational inefficiencies.15
Very Negative
Balance Sheet
The company's balance sheet is concerning with negative stockholders' equity of -$22,516,405, indicating that liabilities exceed assets. The debt-to-equity ratio is not applicable due to negative equity, and the equity ratio is also negative, highlighting financial instability. The company's high total debt level further exacerbates financial risk and leverage issues.20
Very Negative
Cash Flow
Zapp Electric Vehicles reported negative free cash flow, although it has improved slightly compared to the previous year. The operating cash flow to net income ratio is negative, indicating that the company is not generating sufficient cash from operations to cover its net losses. The reliance on financing activities to support operations suggests potential liquidity challenges.25
Negative
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 17.44K | 0.00 | 0.00 | ― | 0.00 | Gross Profit |
| 0.00 | 4.32K | -423.77K | 0.00 | ― | 0.00 | EBIT |
| ― | -6.23M | -7.76M | -3.27M | -1.27M | ― | EBITDA |
| ― | -7.41M | -221.11M | -809.96K | -1.52M | ― | Net Income Common Stockholders |
| ― | -9.01M | -222.10M | -3.58M | -1.56M | ― |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 484.97K | 1.57M | 823.22K | 1.96M | 159.72K | 437.18K | Total Assets |
| 3.83M | 5.40M | 7.34M | 4.23M | 2.04M | 1.97M | Total Debt |
| 5.53M | 6.42M | 5.13M | 380.18K | 589.54K | 371.75K | Net Debt |
| 5.04M | 4.85M | 4.31M | -1.58M | 429.82K | -65.43K | Total Liabilities |
| 26.84K | 27.91M | 25.78M | 1.71M | 2.26M | 1.39M | Stockholders Equity |
| -23.01M | -22.52M | -18.44M | 2.51M | -223.75K | 575.89K |
| Cash Flow | Free Cash Flow | ||||
| ― | -4.92M | -6.80M | -3.50M | -653.11K | ― | Operating Cash Flow |
| ― | -4.88M | -6.55M | -2.80M | -635.13K | ― | Investing Cash Flow |
| ― | -37.00K | -295.16K | -466.25K | -261.63K | ― | Financing Cash Flow |
| ― | 5.60M | 5.65M | 5.07M | 619.30K | ― |
Zapp Electric Vehicles Technical Analysis
Negative
0.75
Price Trends
0.90
Negative
1.25
Negative
3.10
Negative
Market Momentum
-0.02
Positive
39.11
Neutral
12.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZAPP, the sentiment is Negative. The current price of 0.75 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.90, and below the 200-day MA of 3.10, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.11 is Neutral, neither overbought nor oversold. The STOCH value of 12.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZAPP.
Zapp Electric Vehicles Risk Analysis
Zapp Electric Vehicles disclosed 1 risk factors in its most recent earnings report. Zapp Electric Vehicles reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Zapp Electric Vehicles Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $847.71B | 129.30 | 10.52% | ― | 0.95% | -52.81% | |
59 Neutral | $12.26B | 11.12 | -0.55% | 3.78% | 1.42% | -20.63% | |
54 Neutral | $14.03B | ― | -60.48% | ― | 12.09% | 17.65% | |
43 Neutral | $8.06B | ― | -142.49% | ― | 13.77% | 17.85% | |
38 Underperform | $19.85M | ― | -129.17% | ― | 141.23% | 69.50% | |
37 Underperform | $7.03B | ― | -54.15% | ― | 35.71% | 8.24% | |
27 Underperform | $5.98M | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
ZAPP
Zapp Electric Vehicles
0.75
-4.30
-85.15%
TSLA
Tesla
263.55
88.33
50.41%
NKLAQ
Nikola
0.24
-30.66
-99.22%
NIO
Nio
3.75
-0.89
-19.18%
LCID
Lucid Group
2.32
-0.54
-18.88%
RIVN
Rivian Automotive
12.41
1.32
11.90%
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.