GreenPower Motor (GPV) AI Stock Analysis

• Market Cap: C$16.96M
• Dividend Yield: N/A
• Average Volume (3M): 10.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: -57.55%
• EPS Growth: -31.45%
• Country: CA
• Employees: 116
• Sector: Energy
• Sector Strength: 45
• Industry: Auto - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 29,491,161
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 10,909
• PEG Ratio: -0.23
• Price to Book (P/B): 5.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.14
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 16.70
• Enterprise Value/Ebitda: -0.43
• 1Y Price Target: C$2.27
• Price Target Upside: 291.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

GreenPower Motor's overall stock score reflects significant financial and technical challenges. Despite positive revenue growth and strategic initiatives highlighted in the latest earnings call, ongoing financial struggles, bearish market momentum, and unattractive valuation weigh heavily on the stock. The company must address these core issues to improve its market position and stock performance.

Positive Factors

Deliveries

The company delivered 11 electric school buses, which is a 267% increase quarter over quarter, surpassing the forecast.

Demand

There is an anticipation of long-term demand for electric vehicles, particularly electric school buses, which supports maintaining a Buy rating.

Earnings

GreenPower Motor's revenue and EBITDA exceeded consensus, with revenue increasing by 75% quarter over quarter.

Negative Factors

EBITDA

The company's EBITDA loss widened more than expected due to revenue being below forecasts and fewer vehicle deliveries than anticipated.

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.

GreenPower Motor Business Overview & Revenue Model

Company Description

GreenPower Motor Company Inc. is a leading manufacturer and distributor of electric-powered vehicles, focusing primarily on the medium and heavy-duty commercial vehicle sectors. The company designs, engineers, and produces a range of electric buses and trucks, including transit buses, school buses, shuttles, and cargo vehicles. By leveraging its state-of-the-art manufacturing facilities, GreenPower aims to provide cost-effective, sustainable transportation solutions that reduce carbon emissions and cater to the evolving needs of its customers.

How the Company Makes Money

GreenPower 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 is facing significant financial challenges characterized by declining revenues, persistent losses, high leverage, and weak cash flows. This financial position presents substantial risks, and the company must improve its operational efficiency and financial management to achieve 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.

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.

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.

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
EBITDA	-14.93M	-12.27M	-13.52M	-5.80M	-2.43M
Net Income	-18.34M	-15.04M	-15.01M	-7.84M	-5.15M
Balance Sheet
Total Assets	45.20M	63.53M	49.61M	39.62M	13.21M
Cash, Cash Equivalents and Short-Term Investments	1.15M	600.40K	884.78K	15.10M	299.70K
Total Debt	16.80M	15.75M	5.89M	1.10M	12.24M
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

• Technical Analysis Sentiment: Neutral
• Last Price: 0.58
• 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 TSE:GPV, the sentiment is Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.58, and below the 200-day MA of 0.94, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.01 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 Neutral sentiment for TSE:GPV.

GreenPower Motor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$15.23B	9.43	6.27%	5.39%	4.07%	-71.82%
CH	49 Neutral	C$8.89M	―	142.15%	―	-20.87%	27.29%
GPV	44 Neutral	C$16.96M	―	-218.43%	―	-57.55%	-31.45%
NXH	42 Neutral	C$10.43M	―	-525.98%	―	-24.60%	-11.26%
NHHH	35 Underperform	C$38.55M	―	-70.10%	―	―	-0.95%
FHYD	28 Underperform	C$48.14M	―	186.24%	―	―	46.74%
TUGA	21 Underperform	C$991.84K	―	72.05%	―	―	77.32%

GreenPower Motor Corporate Events

GreenPower Delivers First Electric School Buses Under EPA Program

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.

GreenPower Motor Announces Annual Stock Option Grants

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.

GreenPower Motor Faces Nasdaq Compliance Challenge

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.

GreenPower Motor Company Reports Strong Q3 Revenue Growth and Operational Expansion

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.