Envirotech Vehicles, Inc. (EVTV) | Investment Case

1. Company Snapshot

1.a. Company Description

Envirotech Vehicles, Inc.provides zero-emission electric vehicles in the United States.The company also offers vehicle maintenance and inspection services.

It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.The company was formerly known as ADOMANI, Inc.and changed its name to Envirotech Vehicles, Inc.

in May 2021.Envirotech Vehicles, Inc.is based in Osceola, Arkansas.

Show Full description

1.b. Last Insights on EVTV

Envirotech Vehicles, Inc.'s recent performance was driven by its ambitious vision to lead the future of electric mobility. The company announced plans to integrate sustainable solutions across land, air, and sea, tapping into multiple multi-billion-dollar end markets. This bold move positions Envirotech to deliver a unified ecosystem, driving clean-energy solutions in various sectors. Additionally, the company's decision to effect a reverse stock split, approved by stockholders, aims to optimize its capital structure. These strategic initiatives have garnered attention, with Envirotech poised to capitalize on growing demand for eco-friendly alternatives.

1.c. Company Highlights

Last Price	1.19
Change Percentage	0.59%
Open	1.24
Previous Close	1.18
Market Cap ( Millions)	4
Volume	20390
Year High	15.4
Year Low	0.98
M A 50	1.39
M A 200	2.05

FCF Yield	-174.46%
Dividend Yield	0.00%
ROE	-294.40%
Debt / Equity	213.35%
Net Debt / EBIDTA	-23.99%
Price To Book	2.27
Price Earnings Ratio	-0.15
Price To FCF	-0.57
Price To sales	2.23
EV / EBITDA	-0.5

2. Transcript Summary

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3. NewsRoom

Envirotech Moves From Paper To Production As Global Drone Program Advances Through FAA and ENAC Certification

Nov -13

Source: accessnewswire.com

Envirotech Secures 80-Drone Deposits, Rapidly Expanding Drone Business

Nov -10

Source: accessnewswire.com

EVTV Takes Flight in Europe: U.S. Heavy-Lift Drones to Disrupt Traditional Vineyard Operations Across Italy

Nov -06

Source: globenewswire.com

Envirotech Vehicles, Inc. And Its Wholly Owned Subsidiary Maddox Industries Manufacture 5 Million Isolation Gowns For The U.S. Government As Part of 35 Million Gown Contract - Driving American-Made Infrastructure

Sep -16

Source: accessnewswire.com

Envirotech Vehicles, Inc. Unveils America's First 1,500 Pound Lift Drone With Agricultural Spray And Fire Protection Capabilities

Sep -15

Source: accessnewswire.com

Envirotech Vehicles, Inc. Unveils America’s First 1,500 Pound Lift Drone With Agricultural Spray And Fire Protection Capabilities

Sep -15

Source: https://www.accessnewswire.com

Envirotech Vehicles, Inc. Announces Reverse Stock Split

Aug -06

Source: accessnewswire.com

Envirotech (EVTV) Announces Vision for Multi-modal Electric Mobility Ecosystem

Jun -24

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.40%)

6. Segments

Zero-emission Electric Vehicles

Expected Growth: 12.4%

Increasing adoption of eco-friendly transportation solutions, government incentives for electric vehicles, and growing concerns over climate change drive the demand for Envirotech Vehicles' zero-emission electric vehicles, contributing to a forecasted CAGR of 12.4%.

7. Detailed Products

Electric Last-Mile Delivery Vans

Customizable, zero-emission vans designed for last-mile delivery, featuring advanced battery technology and optimized for urban logistics.

Electric Shuttle Buses

Sustainable, electric shuttle buses designed for short-distance transportation, offering a comfortable and quiet ride, perfect for airports, universities, and corporate campuses.

Electric City Transit Buses

Zero-emission, electric city transit buses designed for urban transportation, featuring advanced battery technology and optimized for high-capacity passenger transport.

Electric Cutaway Chassis

Customizable, electric cutaway chassis designed for various applications, including shuttle buses, delivery vans, and specialty vehicles.

Electric Powertrains

Advanced, electric powertrains designed for commercial vehicles, offering high-performance, zero-emission propulsion systems.

8. Envirotech Vehicles, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Envirotech Vehicles, Inc. is medium due to the presence of alternative modes of transportation such as public transportation, walking, and cycling.

Bargaining Power Of Customers

The bargaining power of customers for Envirotech Vehicles, Inc. is low due to the lack of switching costs and the availability of alternative products.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Envirotech Vehicles, Inc. is medium due to the presence of multiple suppliers and the moderate switching costs.

Threat Of New Entrants

The threat of new entrants for Envirotech Vehicles, Inc. is high due to the low barriers to entry and the attractiveness of the electric vehicle market.

Intensity Of Rivalry

The intensity of rivalry for Envirotech Vehicles, Inc. is high due to the presence of established competitors and the high stakes in the electric vehicle market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	2.69%
Debt Cost	3.95%
Equity Weight	97.31%
Equity Cost	8.05%
WACC	7.94%
Leverage	2.77%

11. Quality Control: Envirotech Vehicles, Inc. passed 4 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Wolverine World Wide

A-Score: 4.6/10

Value: 4.3

Growth: 2.8

Quality: 5.1

Yield: 4.0

Momentum: 8.5

Volatility: 2.7

1-Year Total Return ->

Vince

A-Score: 4.3/10

Value: 9.6

Growth: 2.7

Quality: 4.0

Yield: 0.0

Momentum: 9.5

Volatility: 0.0

1-Year Total Return ->

Phoenix Motor

A-Score: 3.4/10

Value: 8.4

Growth: 8.0

Quality: 3.8

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

Envirotech Vehicles

A-Score: 2.8/10

Value: 8.4

Growth: 5.2

Quality: 2.7

Yield: 0.0

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

LiveWire

A-Score: 2.5/10

Value: 6.0

Growth: 2.8

Quality: 3.6

Yield: 0.0

Momentum: 2.5

Volatility: 0.0

1-Year Total Return ->

Hyzon Motors

A-Score: 2.4/10

Value: 6.0

Growth: 3.2

Quality: 3.5

Yield: 0.0

Momentum: 1.0

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

14.01%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

7.94%

Envirotech Vehicles, Inc. - US29414V2097

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on EVTV

1.c. Company Highlights

More Volatile

Lower Growth

Average Quality

Revenues Miss

Weak Momentum

Stable Momentum

Average Yield

Fairly Valued

Cheaper

Lower Quality

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.40%)

6. Segments

Zero-emission Electric Vehicles

Expected Growth: 12.4%

7. Detailed Products

Electric Last-Mile Delivery Vans

Electric Shuttle Buses

Electric City Transit Buses

Electric Cutaway Chassis

Electric Powertrains

8. Envirotech Vehicles, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Envirotech Vehicles, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.19$

Current Price

1.19$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA