Microvast Holdings (MVST) AI Stock Analysis

• Market Cap: $1.14B
• Dividend Yield: N/A
• Average Volume (3M): 7.40M
• Price to Earnings (P/E): ―
• Beta (1Y): -1.14
• Revenue Growth: 19.82%
• EPS Growth: -7.14%
• Country: US
• Employees: 1,921
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.04
• Shares Outstanding: 328,182,830
• 10 Day Avg. Volume: 5,503,322
• 30 Day Avg. Volume: 7,400,539
• 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: 1.35
• Enterprise Value/Revenue: 3.45
• Enterprise Value/Gross Profit: 9.42
• Enterprise Value/Ebitda: -13.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $3.50 ▲(1.16% Upside)

Microvast Holdings' overall stock score reflects a balance of positive earnings call developments and ongoing financial challenges. While there is growth in revenue and strategic partnerships, the company faces profitability and leverage issues. Technical analysis indicates bearish momentum, and valuation metrics suggest potential overvaluation.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong demand for Microvast's battery systems, supporting its market position in the EV sector.

Strategic Partnerships

The partnership with Skoda Group expands Microvast's reach into high-safety applications, enhancing its competitive advantage and market diversification.

Capacity Expansion

The expansion increases production capacity, enabling Microvast to meet growing demand and support long-term revenue growth.

Negative Factors

High Leverage

High leverage can constrain financial flexibility and increase risk, potentially impacting Microvast's ability to invest in growth opportunities.

Profitability Challenges

Ongoing profitability issues could hinder Microvast's ability to sustain operations and invest in future growth, affecting long-term viability.

Increased Operating Expenses

Rising operating expenses can pressure margins and reduce profitability, challenging Microvast's efforts to improve financial performance.

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 growth in revenue and cash flow, but struggles with profitability and high leverage. The company needs to improve margins and reduce debt to enhance financial stability.

Income Statement

Microvast Holdings shows a mixed performance in its income statement. The company has achieved a positive revenue growth rate of 5.18% TTM, indicating some growth momentum. However, profitability remains a concern with negative net profit and EBIT margins, reflecting ongoing operational challenges. The gross profit margin has improved to 35.46% TTM, which is a positive sign, but the net profit margin is still negative at -32.29%, highlighting significant profitability issues.

Balance Sheet

The balance sheet of Microvast Holdings reveals a high debt-to-equity ratio of 1.13 TTM, indicating a leveraged position which could pose financial risks. The return on equity is negative at -31.97%, reflecting poor profitability relative to shareholder equity. The equity ratio stands at 35.32%, suggesting a moderate level of equity financing, but the high leverage remains a concern.

Cash Flow

Cash flow analysis shows some positive trends with a significant free cash flow growth rate of 140.11% TTM, indicating improved cash generation. The operating cash flow to net income ratio is low at 0.07, suggesting limited cash flow relative to net income. However, the free cash flow to net income ratio of 0.49 indicates better cash flow management compared to previous periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	444.50M	379.80M	306.62M	204.50M	151.98M	107.52M
Gross Profit	162.67M	119.55M	57.23M	9.07M	-42.74M	17.14M
EBITDA	-112.39M	-154.91M	-80.85M	-134.48M	-180.36M	-11.09M
Net Income	-151.19M	-195.46M	-106.34M	-158.20M	-216.01M	-49.55M
Balance Sheet
Total Assets	1.01B	951.87M	1.10B	984.96M	995.29M	404.51M
Cash, Cash Equivalents and Short-Term Investments	90.75M	73.01M	87.65M	256.49M	480.93M	41.20M
Total Debt	156.66M	328.89M	205.18M	175.00M	147.40M	151.03M
Total Liabilities	655.50M	563.97M	532.54M	371.98M	308.59M	698.29M
Stockholders Equity	358.11M	387.89M	564.19M	612.98M	686.70M	-75.47M
Cash Flow
Free Cash Flow	46.04M	-24.91M	-262.09M	-204.81M	-132.90M	-3.09M
Operating Cash Flow	65.59M	2.81M	-75.30M	-53.93M	-45.04M	15.56M
Investing Cash Flow	-15.63M	-12.15M	-165.60M	-175.94M	-87.86M	-17.67M
Financing Cash Flow	-18.59M	37.59M	33.04M	4.97M	624.95M	-507.00K

Microvast Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.46
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 3.46 is below the 20-day moving average (MA) of 4.27, below the 50-day MA of 4.58, and above the 200-day MA of 3.14, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 32.02 is Neutral, neither overbought nor oversold. The STOCH value of 26.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
AMPX	51 Neutral	$1.41B	―	―	―	209.20%	4.24%
MVST	50 Neutral	$1.14B	―	-35.82%	―	19.82%	-7.14%
EOSE	50 Neutral	$4.10B	―	―	―	324.10%	-214.91%
ENVX	48 Neutral	$1.63B	―	-68.95%	―	45.98%	44.14%
SLDP	45 Neutral	$983.77M	―	-23.63%	―	25.24%	-12.96%
TE	40 Underperform	$815.48M	―	-55.98%	―	―	-394.37%

Microvast Holdings Corporate Events

Microvast Holdings, Inc. Reports Record Revenue Growth

Microvast Holdings, Inc. Reports Record Revenue Growth Amid Strategic Advancements

Microvast Holdings Reports Strong Q3 2025 Results

Microvast Holdings, Inc., a prominent player in the advanced battery technology sector, specializes in providing innovative battery solutions for electric vehicles and energy storage systems. The company, founded in 2006, is headquartered in Stafford, Texas, and is known for its commitment to sustainability and cutting-edge technology.

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.