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GreenPower Motor (TSE:GPV)
:GPV
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GreenPower Motor
(GPV)
44Neutral
Positive Factors
Earnings
GreenPower Motor's revenue and EBITDA exceeded consensus, with revenue increasing by 75% quarter over quarter.
Market Demand
There is an anticipation of long-term demand for electric vehicles, particularly electric school buses, which supports maintaining a Buy rating.
Product Expansion
GreenPower Motor Company plans to increase its production of larger electric school buses called the BEAST to two per week in West Virginia.
Negative Factors
Financial Health
GreenPower Motor's cash burn was $1.4 million, resulting in cash of only $0.1 million and debt of $13.6 million, indicating potential financial strain.
Profitability
The company's EBITDA loss widened more than expected due to revenue being below forecasts and fewer vehicle deliveries than anticipated.
GreenPower Motor (GPV) vs. S&P 500 (SPY)
Market Cap
C$18.14M
Dividend YieldN/A
Average Volume (3M)8.89K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth-57.55%
EPS Growth-31.45%
CountryCA
Employees116
SectorEnergy
Sector Strength55
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.12
Shares Outstanding29,491,161
10 Day Avg. Volume5,440
30 Day Avg. Volume8,893
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap3.03
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.26
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.25Price Target Upside262.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
GreenPower Motor Business Overview & Revenue Model
Company DescriptionGreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis. It sells and leases its vehicles to customers directly and through distributors. The company is based in Vancouver, Canada.
How the Company Makes MoneyGreenPower Motor generates revenue primarily through the sale of its electric vehicles to a diverse customer base, including transit agencies, school districts, and private operators. The company capitalizes on the growing demand for sustainable transportation solutions by offering a comprehensive lineup of electric buses and trucks. Additionally, GreenPower may benefit from government incentives and subsidies aimed at promoting clean energy and reducing emissions, further enhancing its revenue potential. The company's strategic partnerships with suppliers and technology providers also contribute to its competitive advantage, enabling it to deliver innovative and reliable products to the market.
GreenPower Motor Financial Statement Overview
Summary
GreenPower Motor faces significant financial challenges with declining revenues, persistent losses, high leverage, and weak cash flows, posing substantial risks. Improvements in operational efficiency and financial management are crucial for sustainability.Income Statement
GreenPower Motor shows a significant struggle in profitability with negative net income and EBIT margins, indicating operational challenges. The TTM data indicates a substantial decline in revenue compared to the previous year, which is concerning for future growth.30
Negative
Balance Sheet
The company's balance sheet reveals high leverage with a debt-to-equity ratio that reflects financial risk. The equity ratio is alarmingly low, suggesting limited equity cushion. However, the company has managed to maintain some asset base despite operational losses.40
Negative
Cash Flow
Operating cash flow is negative, and free cash flow is deteriorating, reflecting cash flow challenges. The ratio of operating cash flow to net income shows difficulty in converting earnings to cash, which is a critical concern for liquidity.35
Negative
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 39.27M | 39.70M | 17.24M | 11.88M | 13.50M | Gross Profit |
| 5.36M | 7.25M | 3.88M | 3.58M | 4.05M | EBIT |
| -16.80M | -14.79M | -14.19M | -7.84M | -5.15M | EBITDA |
| -14.93M | -12.27M | -13.52M | -5.80M | -2.43M | Net Income Common Stockholders |
| -18.34M | -15.04M | -15.01M | -7.84M | -5.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.15M | 600.40K | 884.78K | 15.10M | 299.70K | Total Assets |
| 45.20M | 63.53M | 49.61M | 39.62M | 13.21M | Total Debt |
| 16.80M | 15.75M | 5.89M | 1.10M | 12.24M | Net Debt |
| 15.65M | 15.15M | 5.00M | -14.00M | 11.94M | Total Liabilities |
| 33.64M | 35.86M | 15.22M | 3.47M | 14.38M | Stockholders Equity |
| 11.57M | 27.66M | 34.39M | 36.15M | -1.17M |
| Cash Flow | Free Cash Flow | |||
| -1.49M | -15.11M | -20.88M | -16.74M | -5.28M | Operating Cash Flow |
| -1.13M | -14.76M | -20.34M | -16.39M | -5.11M | Investing Cash Flow |
| -761.53K | 303.19K | -536.09K | -352.68K | -161.86K | Financing Cash Flow |
| 2.32M | 8.19M | 12.66M | 31.52M | 5.50M |
GreenPower Motor Technical Analysis
Negative
0.62
Price Trends
0.74
Negative
0.95
Negative
1.22
Negative
Market Momentum
-0.04
Negative
40.48
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GPV, the sentiment is Negative. The current price of 0.62 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.74, and below the 200-day MA of 1.22, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GPV.
GreenPower Motor Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Performance Comparison
TSE:GPV
GreenPower Motor
0.61
-1.89
-75.60%
LIMAF
Linamar
36.45
-10.23
-21.92%
DOOO
BRP
33.97
-32.48
-48.88%
TSE:MTL
Mullen Group
13.12
1.00
8.25%
TSE:NFI
NFI Group Inc
11.68
0.38
3.36%
HGHAF
High Arctic Energy Services
0.64
-1.12
-63.64%
GreenPower Motor Earnings Call Summary
Earnings Call Date:Feb 14, 2025
(Q3-2025)
| % Change Since: -40.38%|
Next Earnings Date:Jun 27, 2025
Earnings Call Sentiment Positive
GreenPower showed strong financial performance with significant revenue growth and improvements in gross profit, alongside strategic operational consolidations to enhance efficiency. However, challenges in the truck body division and increased headcount costs present areas for improvement.Q3-2025 Updates
Positive Updates
Revenue Growth
GreenPower generated revenue of $7.2 million for the three months ended December 31, 2024, marking a 35% increase over the previous quarter.
Gross Profit Improvement
The company reported a gross profit of $1.05 million, or 14.6% of revenues, an improvement from prior quarters.
Increased Production Capacity
GreenPower increased its output from the West Virginia manufacturing facility and is set to deliver one BEAST per week, with production increasing to two units per week by April.
California Operations Consolidation
GreenPower plans to consolidate its California manufacturing operations into one larger facility in Riverside, expected to result in cost savings and increased efficiency.
Supportive Market Trends
Growing demand for electric school buses driven by health concerns, driver preferences, and grid resiliency, with supportive incentives at federal and state levels.
Cost Management
Sales, general, and administrative expenses declined by $443,000 or 7.8% compared to the same quarter last year.
Negative Updates
Truck Body Division Underperformance
Lower-than-target gross profit margins from the truck body division were noted, affected by reduced demand and overcapacity in the market.
Headcount-Related Cost Increase
General and administrative expenses increased to $2.9 million, up from $2.2 million in the previous quarter, primarily driven by headcount increases.
Company Guidance
During GreenPower Motor Company's Third Quarter Earnings Call for fiscal year 2025, key metrics highlighted included a 35% increase in revenue to $7.2 million, with a gross profit of approximately $1.05 million or 14.6% of revenues. The company reported sales of 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, and 14 EV Star model vehicles. Cost of sales was $6.2 million, and sales, general, and administrative expenses decreased by 7.8% compared to the previous year. To improve efficiency, GreenPower is consolidating its California operations into a single facility, aiming for better management oversight, lower general and administrative expenses, and improved gross profit margins. In West Virginia, efforts to enhance manufacturing throughput are ongoing. Additionally, GreenPower completed an underwritten offering, raising $3 million to support production and development efforts, while maintaining financial support from credit facilities and shareholders.GreenPower Motor Corporate Events
Product-Related AnnouncementsBusiness Operations and Strategy
GreenPower Delivers First Electric School Buses Under EPA Program
Positive
Mar 20, 2025
GreenPower Motor Company has announced the delivery of the first four Type D all-electric BEAST school buses to its West Virginia dealer for the Kanawha County School District. This delivery is part of the EPA’s Clean School Bus Program funded by the Infrastructure Investment and Jobs Act, which aims to deploy 50 GreenPower buses across seven West Virginia school districts. The initiative highlights GreenPower’s commitment to providing safe and sustainable transportation solutions while emphasizing the importance of strategic collaboration with government officials to ensure effective use of taxpayer dollars.
Business Operations and Strategy
GreenPower Motor Announces Annual Stock Option Grants
Positive
Mar 15, 2025
GreenPower Motor Company Inc. has announced its annual stock option grants, distributing a total of 800,000 incentive stock options to its Directors, Officers, Employees, and a Consultant. This move is part of the company’s strategy to incentivize and retain key personnel, with stock options vesting over a period of up to three years. The announcement underscores GreenPower’s commitment to aligning the interests of its stakeholders with the company’s growth and operational goals, potentially enhancing its industry positioning and stakeholder value.
Delistings and Listing ChangesRegulatory Filings and Compliance
GreenPower Motor Faces Nasdaq Compliance Challenge
Negative
Mar 6, 2025
GreenPower Motor Company Inc. has announced an update regarding its investor relations and compliance status with the Nasdaq stock exchange. The company has been working with RedChip Companies, Inc. as an investor relations representative to enhance communication with investors and media. However, GreenPower has received a notice from Nasdaq indicating that its share price has fallen below the minimum required threshold, which could impact its listing status. The company has a 180-day period to regain compliance by meeting the minimum share price requirement, with a potential extension if certain conditions are met.
Business Operations and StrategyFinancial Disclosures
GreenPower Motor Company Reports Strong Q3 Revenue Growth and Operational Expansion
Positive
Feb 15, 2025
GreenPower Motor Company Inc. reported a 35% increase in revenue for the third quarter of fiscal year 2025, reaching $7.2 million, which reflects a strong demand for its all-electric vehicles. The company is scaling its manufacturing operations to capitalize on the industry’s shift toward zero-emission fleet solutions, with plans to consolidate its California operations to enhance efficiency and cost savings. Additionally, GreenPower has strengthened its leadership to support increased production capacity and meet rising demand.
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.