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1. Company Snapshot

1.a. Company Description

Phoenix Motor Inc.designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles.The company offers buses and trucks.


It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations.The company also markets and sells electric vehicle chargers for the commercial and residential markets; and operates a sales and leasing dealership in the United States.In addition, it sells various L2 and DC fast-charging solutions to its fleet customers at the point of sale for fleet vehicles.


The company was founded in 2003 and is headquartered in Anaheim, California.Phoenix Motor Inc.operates as a subsidiary of Edisonfuture Inc.

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1.b. Last Insights on PEV

Recent negative drivers behind Phoenix Motor Inc.'s stock performance include delayed filing of periodic financial reports, which led to non-compliance with Nasdaq Listing Rule 5250(c)(1) and subsequent notification from Nasdaq Staff. Although the company has regained compliance, this incident may have raised concerns among investors. Additionally, the lack of significant revenue growth or new business wins may have contributed to the negative sentiment, as the company's recent announcements have focused on new initiatives, such as autonomous vehicle development and subsidiary formation, rather than tangible financial results.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Phoenix Motor Inc. Awarded California DGS Statewide Contract for Zero-Emission Buses

May -05

Source: accessnewswire.com

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Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter

May -02

Source: accessnewswire.com

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Phoenix Motors To Participate in the Advanced Clean Transportation (ACT) Expo at Anaheim Convention Center

Apr -16

Source: accessnewswire.com

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Phoenix Motor Inc. Appeals Nasdaq Delisting Determination

Apr -15

Source: accessnewswire.com

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Phoenix Motor Inc. and ADASTEC Corp. Partner to Launch 40-Foot Zero-Emission Automated Buses

Apr -08

Source: accessnewswire.com

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Phoenix Motor and InductEV Launch the World's First Commercially Available, Wirelessly Charged Medium-Duty Electric Shuttle Bus

Apr -02

Source: accessnewswire.com

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Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program

Mar -25

Source: accessnewswire.com

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Join Phoenix Motor's Exclusive Live Investor Webinar and Q&A Session on May 6

Mar -24

Source: accessnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.06%)

6. Segments

Electric Vehicles

Expected Growth: 12.4%

Growing demand for eco-friendly transportation, government incentives for EV adoption, and increasing consumer awareness of environmental issues drive the growth of Phoenix Motor Inc.'s Electric Vehicles.

Forklifts

Expected Growth: 8.5%

Growing e-commerce demand, increasing warehouse automation, and rising need for efficient material handling are driving the forklift market growth, with Phoenix Motor Inc.'s products well-positioned to capitalize on this trend.

Others

Expected Growth: 4.5%

Phoenix Motor Inc.'s non-electric vehicle offerings are expected to grow driven by increasing demand for gasoline-powered cars, particularly in emerging markets, and the company's strategic expansion into new geographic regions.

Lease of Electric Vehicles

Expected Growth: 12.5%

Growing demand for eco-friendly transportation, increasing adoption of electric vehicles, and government incentives for sustainable energy solutions drive the growth of Phoenix Motor Inc.'s lease option for electric vehicles.

7. Detailed Products

Electric Vehicles

Phoenix Motor Inc. offers a range of electric vehicles, including passenger cars, buses, and trucks, designed for sustainable and eco-friendly transportation.

Electric Powertrains

Phoenix Motor Inc. provides electric powertrains for various applications, including buses, trucks, and construction equipment, enabling electrification of existing fleets.

Energy Storage Systems

Phoenix Motor Inc. offers energy storage systems for residential, commercial, and industrial applications, providing reliable and efficient energy storage solutions.

Electric Drive Systems

Phoenix Motor Inc. designs and manufactures electric drive systems for various industries, including automotive, aerospace, and industrial applications.

Charging Infrastructure

Phoenix Motor Inc. provides charging infrastructure solutions for electric vehicles, including Level 2 and DC Fast Charging stations, for residential, commercial, and public applications.

8. Phoenix Motor Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes is moderate for Phoenix Motor Inc. due to the presence of alternative modes of transportation, such as public transportation and ride-hailing services.

Bargaining Power Of Customers

The bargaining power of customers is high for Phoenix Motor Inc. due to the availability of multiple options for customers, which gives them the power to negotiate prices and demand better services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low for Phoenix Motor Inc. due to the company's large scale of operations and its ability to negotiate better prices with suppliers.

Threat Of New Entrants

The threat of new entrants is moderate for Phoenix Motor Inc. due to the high barriers to entry in the automotive industry, including high capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high for Phoenix Motor Inc. due to the presence of several established players in the market, leading to intense competition and pricing pressures.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 327.18%
Debt Cost 8.69%
Equity Weight -227.18%
Equity Cost 10.68%
WACC 4.15%
Leverage -144.02%

11. Quality Control: Phoenix Motor Inc. passed 2 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

Stock-Card
Full House Resorts

A-Score: 3.5/10

Value: 9.6

Growth: 2.9

Quality: 3.9

Yield: 0.0

Momentum: 1.5

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
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 ->

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Stock-Card
Allbirds

A-Score: 2.8/10

Value: 9.4

Growth: 1.4

Quality: 3.9

Yield: 0.0

Momentum: 1.0

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
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 ->

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Stock-Card
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 ->

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Stock-Card
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 ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.23$

Current Price

0.23$

Potential

-0.00%

Expected Cash-Flows