Microvast Holdings (MVST) AI Stock Analysis

• Market Cap: $1.72B
• Dividend Yield: N/A
• Average Volume (3M): 9.90M
• Price to Earnings (P/E): ―
• Beta (1Y): -1.41
• Revenue Growth: 20.84%
• EPS Growth: 24.84%
• Country: US
• Employees: 1,921
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.05
• Shares Outstanding: 325,354,130
• 10 Day Avg. Volume: 6,795,051
• 30 Day Avg. Volume: 9,900,797
• PEG Ratio: -0.04
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 1.74
• P/FCF Ratio: -26.47
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 3.41
• Enterprise Value/Gross Profit: 9.60
• Enterprise Value/Ebitda: -15.01
• 1Y Price Target: $6.00
• Price Target Upside: 5.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $5.00 ▼(-12.43% Downside)

Microvast Holdings' overall score is driven by strong revenue growth and positive earnings call sentiment. However, profitability challenges and a negative P/E ratio weigh down the score. Technical indicators show moderate positive momentum.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and product adoption, supporting long-term business sustainability.

Innovation in Battery Technology

Innovations in battery technology enhance competitive advantage, potentially leading to improved market position and profitability.

Cash Flow Improvement

Improved cash flow management strengthens financial stability, enabling investment in growth and innovation.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder long-term financial health and limit reinvestment opportunities.

Negative Return on Equity

Inefficient use of equity capital may impact shareholder value and limit growth potential.

GAAP Net Loss

Sustained net losses can strain resources and challenge the company's ability to achieve sustainable profitability.

Microvast Holdings Business Overview & Revenue Model

Company Description

Microvast Holdings, Inc. is a technology company that specializes in the development and manufacturing of high-performance battery systems for electric vehicles (EVs) and energy storage applications. The company operates primarily in the electric mobility sector, providing solutions that enhance the efficiency and longevity of battery systems. Microvast's core products include advanced lithium-ion battery cells, modules, and packs designed for a variety of applications, including commercial buses, trucks, and stationary energy storage systems.

How the Company Makes Money

Microvast generates revenue primarily through the sale of its battery systems and related components to original equipment manufacturers (OEMs) in the electric vehicle market. The company has established key partnerships with various vehicle manufacturers, which enable it to provide tailored battery solutions that meet specific performance and safety standards. Additionally, Microvast earns income from long-term contracts that ensure ongoing supply for large-scale projects. The company may also benefit from government incentives and funding for clean energy initiatives, further bolstering its revenue streams.

Microvast Holdings Financial Statement Overview

Summary

Microvast Holdings shows strong revenue growth and improving cash flow metrics, but profitability remains a challenge with negative net profit margin and return on equity. The balance sheet is stable with moderate leverage.

Income Statement

Microvast Holdings shows a mixed performance in its income statement. The company has achieved a significant revenue growth rate of 184.7% TTM, indicating strong top-line expansion. However, profitability remains a concern with a negative net profit margin of -32.29% and an EBIT margin of -5.52% TTM, reflecting ongoing operational challenges. The gross profit margin of 35.46% TTM is a positive indicator of cost management, but the overall profitability needs improvement.

Balance Sheet

The balance sheet of Microvast Holdings presents a stable financial structure with a debt-to-equity ratio of 0.40 TTM, indicating moderate leverage. However, the return on equity is negative at -31.97% TTM, highlighting inefficiencies in generating returns for shareholders. The equity ratio stands at 35.45% TTM, suggesting a reasonable level of equity financing relative to total assets.

Cash Flow

Microvast Holdings demonstrates a strong improvement in cash flow metrics, with a remarkable free cash flow growth rate of 822.99% TTM. The operating cash flow to net income ratio of 0.09 TTM and free cash flow to net income ratio of 0.51 TTM indicate a positive trend towards better cash flow management. However, the company needs to sustain this momentum to ensure long-term financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	422.61M	379.80M	306.62M	204.50M	151.98M	107.52M
Gross Profit	149.87M	119.55M	57.23M	9.07M	-42.74M	17.14M
EBITDA	-95.91M	-154.91M	-80.85M	-132.26M	-180.36M	-11.09M
Net Income	-136.46M	-195.46M	-106.34M	-158.20M	-216.01M	-49.55M
Balance Sheet
Total Assets	1.00B	951.87M	1.10B	984.96M	995.29M	404.51M
Cash, Cash Equivalents and Short-Term Investments	138.82M	73.01M	87.65M	256.49M	480.93M	41.20M
Total Debt	403.28M	328.89M	205.18M	175.00M	147.40M	151.03M
Total Liabilities	648.56M	563.97M	532.54M	371.98M	308.59M	698.29M
Stockholders Equity	356.13M	387.89M	564.19M	612.98M	686.70M	-75.47M
Cash Flow
Free Cash Flow	19.18M	-24.91M	-262.09M	-204.81M	-132.90M	-3.09M
Operating Cash Flow	38.92M	2.81M	-75.30M	-53.93M	-45.04M	15.56M
Investing Cash Flow	-9.79M	-12.15M	-165.60M	-175.94M	-87.86M	-17.67M
Financing Cash Flow	8.38M	37.59M	33.04M	4.97M	624.95M	-507.00K

Microvast Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MVST, the sentiment is Neutral. The current price of 5.71 is above the 20-day moving average (MA) of 5.48, above the 50-day MA of 4.35, and above the 200-day MA of 3.00, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 23.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MVST.

Microvast Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SLDP	58 Neutral	$1.29B	―	-23.63%	―	25.24%	-12.96%
MVST	54 Neutral	$1.72B	―	-33.65%	―	20.84%	24.84%
AMPX	53 Neutral	$1.63B	―	―	―	209.20%	4.24%
EOSE	52 Neutral	$4.41B	―	―	―	324.10%	-214.91%
ENVX	50 Neutral	$2.44B	―	-68.95%	―	45.98%	44.14%
TE	40 Underperform	$780.60M	―	-23.69%	―	―	-385.19%

Microvast Holdings Corporate Events

Microvast Holdings Elects New Director at Annual Meeting

At its annual meeting on October 23, 2025, Microvast Holdings, Inc. elected Wei Ying as a Class I director for a three-year term and ratified Deloitte Touche Tohmatsu as its independent auditor for 2025. These decisions reflect the company’s ongoing governance and financial oversight strategies, potentially impacting its operational stability and investor confidence.

The most recent analyst rating on (MVST) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Microvast Holdings stock, see the MVST Stock Forecast page.

Microvast Holdings Announces $125M Equity Offering Agreement

On October 3, 2025, Microvast Holdings, Inc. announced a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Needham & Company, LLC, allowing the company to sell up to $125 million of its common stock. The proceeds from this offering are intended for general corporate purposes, including debt refinancing, acquisitions, capital expenditures, and working capital, potentially impacting the company’s financial flexibility and market positioning.

The most recent analyst rating on (MVST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Microvast Holdings stock, see the MVST Stock Forecast page.

Microvast’s Earnings Call: Record Revenue & Strategic Growth

Microvast Holdings, Inc. recently held its earnings call, revealing a strong performance marked by record revenue and improved profitability. The company showcased strategic expansions and innovations in battery technology, which have bolstered its financial standing. Despite a reported GAAP net loss and a slight decline in EMEA revenue, the overall sentiment was positive, indicating a promising outlook for the future.

Microvast Holdings Reports Improved Revenue Amid Challenges

Microvast Holdings, Inc. is a company specializing in the development, manufacturing, and sale of lithium-ion battery technologies for commercial electric vehicles and battery energy storage systems globally.

Microvast Holdings Appoints Rodney Worthen as Interim CFO

Microvast Holdings, Inc. appointed Rodney Worthen as Interim Chief Financial Officer on August 7, 2025. Worthen, who will continue as Vice President of Corporate Strategy, has been with the company since June 2023 and has extensive experience in finance and strategic leadership. This appointment is expected to strengthen the company’s financial strategy and operations.

The most recent analyst rating on (MVST) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Microvast Holdings stock, see the MVST Stock Forecast page.