Microvast Holdings Inc

Microvast Holdings Inc

MVST · NASDAQ · Consumer Cyclical / Auto Parts

0.217USD-0.02 (-7.62%)

Price History

Full chart

Market Stats

Previous Close0.2349
Open0.2362
Day Range0.2112 – 0.2362
52-Week Range0.5613 – 7.12
Volume6.45M
Market Cap264.60M
P/E (TTM)0.00
Forward P/E11.61
EPS-0.01
Dividend Yield0.00%
Beta3.55
50-Day Avg0.7655
200-Day Avg1.72

About

Microvast Holdings, Inc. engages in the design, development, and manufacturing of battery components and systems primarily for electric commercial vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, electrolyte formulation, full concentration gradient cathode, polyaramid separator, and nickel manganese cobalt. It also designs, develops, and manufactures components of lithium-ion batteries, such as cathode, anode, electrolytes, and separator. The company's commercial vehicle markets cover buses, trains, mining trucks, marine and port vehicles, and automated guided and specialty vehicles, as well as light, medium, and heavy-duty trucks. It operates in China, India, rest of the Asia Pacific, Italy, France, rest of Europe, and the United States. Microvast Holdings, Inc. was founded in 2006 and is headquartered in Stafford, Texas.

Company Details

  • SectorConsumer Cyclical
  • IndustryAuto Parts
  • CEOMr. Yang Wu
  • Employees1.91K
  • Headquarters12603 Southwest Freeway, Stafford, TX, United States, 77477, USA
  • Websitehttps://www.microvast.com

Leadership

  • Mr. Yang WuFounder, Chairman & CEO · b. 1966
  • Ms. Isida TushePresident, General Counsel, Corporate Secretary & Director · b. 1987
  • Dr. Shengxian Wu Ph.D.Chief Operating Officer · b. 1984
  • Mr. Rodney WorthenChief Financial Officer · b. 1991
  • Mr. Zhihua Liu C.P.A., CGA, M.Econ, USCPAChief Accounting Officer · b. 1970
  • Dr. Wenjuan Mattis Ph.D.Chief Technology Officer · b. 1982

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue174.24M76.43M107.52M151.98M204.50M306.62M379.80M427.52M
Growth (%)--56.13%+40.67%+41.35%+34.56%+49.94%+23.87%+12.56%
Cost of Revenue153.39M76.67M90.38M194.72M195.42M249.39M260.25M272.90M
Gross Profit20.85M-231.00K17.14M-42.74M9.07M57.23M119.55M154.62M
Gross Margin11.97%-0.30%15.94%-28.12%4.44%18.66%31.48%36.17%
Operating Expense78.84M53.63M46.25M151.32M169.02M163.96M235.64M114.13M
Operating Income-57.99M-53.86M-29.11M-194.06M-159.95M-106.73M-116.09M40.49M
Operating Margin-33.28%-70.47%-27.07%-127.69%-78.22%-34.81%-30.57%9.47%
EBITDA-45.24M-37.73M-11.09M-180.36M-134.48M-80.85M-154.91M3.49M
EBITDA Margin-25.97%-49.37%-10.32%-118.68%-65.76%-26.37%-40.79%0.82%
Net Income-100.03M-72.59M-49.55M-216.01M-158.20M-106.34M-195.46M-29.22M
Net Income Margin-57.41%-94.97%-46.09%-142.13%-77.36%-34.68%-51.46%-6.83%
R&D32.45M26.00M16.64M34.38M43.51M45.00M41.06M34.11M
R&D as % of Total Revenue18.62%34.01%15.47%22.63%21.28%14.68%10.81%7.98%
Interest Expense06.35M5.74M5.41M3.32M2.63M9.71M4.90M
Interest Expense % of Total Revenue0.00%8.31%5.34%3.56%1.62%0.86%2.56%1.15%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets101.20K280.50M404.51M995.29M984.96M1.10B951.87M1.01B
Total Liabilities75.79K356.01M698.29M308.59M371.98M532.54M563.97M594.93M
Total Equity25.41K-20.75M-384.60M686.70M612.98M564.19M387.89M410.51M
Cash17.50K27.98M21.50M480.93M231.42M82.02M73.01M104.96M
Total Debt75.34K150.15M151.03M147.40M175.00M205.18M328.89M384.49M
Net Debt57.84K150.01M129.53M-333.53M-56.41M123.17M255.88M279.52M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-34213.37M15.56M-45.04M-53.93M-75.30M2.81M75.91M
Investing Cash Flow156.05M-3.95M-17.67M-87.86M-175.94M-165.60M-12.15M-16.05M
Financing Cash Flow17.84K-52.18M-507.00K624.95M4.97M33.04M37.59M-2.68M
Capital Expenditure29.81M20.26M18.64M87.86M150.88M186.79M27.72M19.83M
Free Cash Flow-29.81M-6.89M-3.09M-132.90M-204.81M-262.09M-24.91M56.07M
FCF to OCF8717059.06%-51.52%-19.86%295.08%379.78%348.05%-885.11%73.87%

Earnings

Report DateMar 31, 2019Jun 30, 2019Dec 31, 2019Mar 31, 2020May 4, 2020Aug 7, 2020Nov 9, 2020Mar 31, 2021Jun 1, 2021Aug 16, 2021Nov 15, 2021Mar 29, 2022May 16, 2022Aug 11, 2022Nov 10, 2022Mar 16, 2023May 9, 2023Aug 7, 2023Nov 9, 2023Mar 14, 2024May 9, 2024Aug 9, 2024Nov 12, 2024Mar 31, 2025May 12, 2025Aug 11, 2025Nov 10, 2025Mar 17, 2026May 11, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate-----0.00---2.73-3.11-0.04-0.07-0.17-0.04-0.11-0.15-0.08-0.13-0.05-0.07-0.04-0.01-0.06-0.02-0.010.020.050.020.03-0.010.02
EPS Actual0.010.04-47.08-37.13-31.84-0.04-0.01-45.82-0.11-0.26-0.22-0.61-0.15-0.15-0.06-0.05-0.04-0.08-0.03-0.08-0.04-0.210.05-0.010.060.050.04-0.11-0.04-0.01-
Surprise--------95.97%91.64%-450.00%-771.43%11.76%-275.00%45.45%66.67%50.00%38.46%40.00%-14.29%0.00%-2000.00%183.33%50.00%700.00%150.00%-20.00%-650.00%-260.00%0.00%-
Timing---------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap264.60M
Enterprise Value333.20M
Trailing P/E0.00
Forward P/E11.61
Price / Sales0.72
Price / Book0.49
EPS-0.01
Book Value1.41
Revenue (TTM)367.56M
Gross Profit (TTM)124.81M
EBITDA40.80M
Profit Margin13.95%
Operating Margin-1.96%
Return on Equity11.40%
Return on Assets0.49%
Shares Outstanding384.53M
Shares Float209.84M
Beta3.55
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 3 analystsTarget 4.50
  • Strong Buy
    1
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
23.61%
Insiders
45.74%
Retail / Other
30.65%

Top Institutional Holders

  • BlackRock Inc
    15.40M4.00%
  • Vanguard Capital Management, LLC
    8.64M2.25%
  • State Street Corp
    5.38M1.40%
  • Geode Capital Management, LLC
    5.00M1.30%
  • Millennium Management LLC
    4.87M1.27%
  • The Goldman Sachs Group Inc
    3.34M0.87%
  • Morgan Stanley - Brokerage Accounts
    2.07M0.54%
  • Vanguard Portfolio Management, LLC
    1.98M0.52%
  • Charles Schwab Investment Management Inc
    1.64M0.43%
  • Northern Trust Corp
    1.64M0.43%
  • Vanguard Fiduciary Trust Co
    1.38M0.36%
  • JPMorgan Chase & Co
    1.31M0.34%

Top Fund Holders

  • L&G Battery Value-Chain ETF
    8.03M2.09%
  • Vanguard MStar Total Stk Mkt Idx Invest
    6.19M1.61%
  • iShares Russell 2000 ETF
    5.36M1.39%
  • Stt Strt®SPDR®S&PKenshoNwEcosComposETF
    2.64M0.69%
  • Fidelity Small Cap Index
    2.32M0.60%
  • iShares Russell 2000 Growth ETF
    1.39M0.36%
  • WisdomTree Battery Solutions ETF USD Acc
    1.31M0.34%
  • Vanguard Russell 2000 ETF
    1.21M0.32%