Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $4.50M
• Dividend Yield: N/A
• Average Volume (3M): 1.27M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.90
• Revenue Growth: -47.62%
• EPS Growth: 8.34%
• Country: US
• Employees: 22
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Auto - Manufacturers
• EPS (TTM): -0.64
• Shares Outstanding: 25,670,212
• 10 Day Avg. Volume: 1,267,822
• 30 Day Avg. Volume: 1,267,215
• PEG Ratio: 0.02
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.79
• Enterprise Value/Market Cap: 6.54
• Enterprise Value/Revenue: 3.43
• Enterprise Value/Gross Profit: 60.15
• Enterprise Value/Ebitda: -0.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: $0.00 ▼(-100.00%Downside)

Envirotech Vehicles faces significant financial challenges with persistent losses and negative cash flows, heavily influencing its overall score. The technical analysis indicates continued bearish sentiment, while the valuation highlights risks tied to profitability. These factors collectively contribute to a low overall stock score.

Envirotech Vehicles Business Overview & Revenue Model

Company Description

Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. The company was formerly known as ADOMANI, Inc. and changed its name to Envirotech Vehicles, Inc. in May 2021. Envirotech Vehicles, Inc. is based in Osceola, Arkansas.

How the Company Makes Money

Envirotech Vehicles makes money through the sale of its electric vehicles to commercial and industrial clients. The company's revenue model is centered around direct sales of its electric trucks, vans, and buses, which are tailored for various applications in logistics, municipal services, and last-mile delivery. Additionally, Envirotech Vehicles may generate income from offering after-sales services, including maintenance and support, as well as through strategic partnerships or collaborations with key industry players that facilitate broader market reach and adoption of their vehicles. However, specific data on significant partnerships or detailed financial arrangements is not available.

Envirotech Vehicles Financial Statement Overview

Summary

Envirotech Vehicles is facing significant financial challenges, with persistent losses in profitability and cash flow difficulties. Despite a positive gross profit margin, both EBIT and net profit margins are negative. The balance sheet shows a mix of manageable leverage but heavy reliance on equity financing. Overall, financial stability is at risk without strategic interventions.

Income Statement

Envirotech Vehicles has been experiencing significant challenges in profitability, with consistent negative net income and EBIT over the years. The gross profit margin remains positive, indicating some efficiency in production, but both EBIT and net profit margins are deeply negative, reflecting substantial operating losses. Revenue growth has been inconsistent, showing volatility in business operations.

Balance Sheet

The company exhibits a mixed balance sheet condition. While it maintains a positive stockholders' equity, the return on equity is negative due to persistent losses. The debt-to-equity ratio is moderate, suggesting manageable leverage, but the equity ratio indicates a heavy reliance on equity financing. This implies potential sustainability but also highlights risks if profitability does not improve.

Cash Flow

Envirotech Vehicles faces cash flow challenges, with negative operating and free cash flow indicating issues in generating cash from operations. The operating cash flow to net income ratio is unfavorable, reinforcing the difficulty in converting sales into actual cash. Although there is some investment and financing activity, the cash flow situation remains a concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.87M	2.86M	4.50M	2.04M	88.73K
Gross Profit	488.80K	1.01M	1.73M	761.38K	15.18K
EBITDA	-7.73M	-7.49M	-6.66M	-7.36M	-386.29K
Net Income	-8.85M	-12.68M	-43.80M	-7.65M	-279.52K
Balance Sheet
Total Assets	32.67M	22.65M	33.48M	75.31M	2.41M
Cash, Cash Equivalents and Short-Term Investments	1.94M	456.72K	5.10M	12.85M	136.22K
Total Debt	3.84M	806.55K	232.44K	45.03K	152.84K
Total Liabilities	11.75M	2.02M	1.49M	1.57M	2.88M
Stockholders Equity	20.92M	20.63M	31.99M	73.74M	-472.16K
Cash Flow
Free Cash Flow	-3.94M	-4.28M	-7.60M	-12.96M	1.45M
Operating Cash Flow	-3.50M	-4.25M	-7.43M	-12.94M	1.53M
Investing Cash Flow	-4.71M	2.31M	5.51M	-4.68M	-73.09K
Financing Cash Flow	9.70M	-430.48K	-156.69K	20.59M	152.84K

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.18
• 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 Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.21, and below the 200-day MA of 0.85, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 58.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EVTV.

Envirotech Vehicles Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	AU$2.83B	27.14	4.84%	5.11%	2.60%	-31.70%
FFAI	52 Neutral	$184.51M	―	-186.28%	―	8.52%	98.75%
JWEL	52 Neutral	$5.86M	―	-37.82%	―	-16.89%	31.24%
WKHS	46 Neutral	$13.74M	―	-188.79%	―	-53.55%	65.29%
EVTV	44 Neutral	$4.50M	―	-132.63%	―	-47.62%	8.34%
NVVE	43 Neutral	$10.23M	―	-1026.66%	―	-24.26%	93.83%
ZAPPF	28 Underperform	$1.20M	―		―	―	―

Envirotech Vehicles Corporate Events

Envirotech Vehicles Issues Additional Promissory Notes

Envirotech Vehicles announced the issuance of Additional Promissory Notes under a Supplemental Agreement, leveraging an exemption from registration under the Securities Act of 1933. As of February 5, 2025, the company reported having approximately $3,000,000 in cash with a monthly burn rate of about $600,000, highlighting its financial position and operational expenditures.