Microvast Holdings (MVST) AI Stock Analysis

• Market Cap: $852.43M
• Dividend Yield: N/A
• Average Volume (3M): 7.03M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.79
• Revenue Growth: 20.84%
• EPS Growth: 24.84%
• Country: US
• Employees: 1,921
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.05
• Shares Outstanding: 325,354,130
• 10 Day Avg. Volume: 10,274,832
• 30 Day Avg. Volume: 7,033,701
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 3.41
• Enterprise Value/Gross Profit: 9.60
• Enterprise Value/Ebitda: 86.72
• 1Y Price Target: $4.50
• Price Target Upside: 55.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 54 Neutral
• Price Target: $3.00 ▲(3.81% Upside)

Microvast Holdings' overall stock score is driven by strong earnings call results and positive corporate events. However, challenges in profitability, valuation concerns, and mixed technical indicators weigh down the score. Continued focus on operational efficiency and strategic growth initiatives will be crucial for future performance.

Positive Factors

Capacity Expansion

Higher confidence on the timely completion of Huzhou 3.2 expansion, adding 2 gigawatt-hour of annual production capacity, to support growth expectations.

Revenue Growth

Microvast reported its 1Q25 results with revenues of $116.5M, up 43.2% YoY, significantly beating expectations.

Negative Factors

Policy Uncertainty

Microvast has not been able to effectively capture the U.S. opportunity due to significant policy uncertainties.

Revenue Expectations

The company reported a mixed quarter where revenues came in lower than expectations.

Microvast Holdings Business Overview & Revenue Model

Company Description

Microvast Holdings, Inc. is a technology-driven company specializing in the design, development, and manufacture of advanced battery solutions for electric vehicles and energy storage systems. Operating within the renewable energy and automotive sectors, Microvast focuses on delivering high-performance, rapid-charging, and long-life battery products that cater to a broad range of industries, including commercial vehicles, passenger vehicles, and industrial applications.

How the Company Makes Money

Microvast Holdings generates revenue primarily through the sale of its battery systems to original equipment manufacturers (OEMs) and other industrial partners. The company's key revenue streams include the production and distribution of lithium-ion battery cells, modules, and packs that are integrated into electric vehicles and energy storage solutions. Microvast also partners with various automotive and technology companies to enhance its product offerings and expand its market presence. Additionally, the company's investments in research and development enable it to maintain a competitive edge by innovating new battery technologies that meet the evolving demands of the electric vehicle and energy storage markets.

Microvast Holdings Financial Statement Overview

Summary

Microvast Holdings shows revenue growth but struggles with profitability, indicated by negative profit margins and net losses. The balance sheet is moderately strong with a low debt-to-equity ratio, but the lack of positive ROE is concerning. Cash flows have improved, yet sustainable cash profitability remains a challenge.

Income Statement

Microvast Holdings shows a pattern of growing revenues, with a TTM (Trailing-Twelve-Months) revenue increase of approximately 9.25% from the previous year. However, the company is struggling with profitability, as indicated by negative net profit margins and declining EBIT and EBITDA margins. This implies operational inefficiencies and challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 0.33 in the TTM, which shows improvement from previous years and indicates a relatively lower reliance on debt financing. However, the company has yet to achieve positive return on equity (ROE) due to persistent net losses, which impacts overall financial health.

Cash Flow

Cash flow analysis shows some improvement, with positive free cash flow in the TTM, although the growth rate from the previous year is minimal. The operating cash flow to net income ratio is strong, suggesting efficient cash generation relative to reported losses. However, free cash flow remains constrained, reflecting the challenge in achieving sustainable cash profitability.

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	16.60M	-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	99.72M	73.01M	87.65M	256.49M	480.93M	41.20M
Total Debt	142.65M	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	25.25M	-24.91M	-262.09M	-204.81M	-132.90M	-3.09M
Operating Cash Flow	49.13M	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: Positive
• Last Price: 2.89
• 50DMA: Negative
• 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 Positive. The current price of 2.89 is below the 20-day moving average (MA) of 3.07, below the 50-day MA of 3.47, and above the 200-day MA of 2.14, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 44.84 is Neutral, neither overbought nor oversold. The STOCH value of 54.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MVST.

Microvast Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	¥277.28B	14.74	6.81%	2.50%	5.07%	-23.76%
EOSE	57 Neutral	$1.59B	―	125.43%	―	128.49%	-697.81%
SLDP	56 Neutral	$748.70M	―	-22.60%	―	14.82%	-19.27%
AMPX	56 Neutral	$970.59M	―	-68.88%	―	209.20%	4.24%
ENVX	55 Neutral	$2.10B	―	-68.46%	―	60.04%	52.49%
MVST	54 Neutral	$852.43M	―	-33.65%	―	20.84%	24.84%
ADSE	46 Neutral	$626.82M	―	-279.62%	―	2.45%	-69.94%

Microvast Holdings Corporate Events

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.

Microvast Holdings CFO Carl Schultz Steps Down

On July 29, 2025, Carl T. (Pat) Schultz ceased his role as Chief Financial Officer of Microvast Holdings, Inc., indicating a significant change in the company’s executive leadership.

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.