YOLFTbeta
RAC Electric Vehicles Inc.

RAC Electric Vehicles Inc.

2237 · TWO

27.75TWD-0.10 (-0.36%)

Price History

Full chart

Market Stats

Previous Close27.85
Open27.85
Day Range27.60 – 27.85
52-Week Range26.35 – 44.40
Volume91.77K
Market Cap4.38B
P/E (TTM)14.34
Forward P/E0.00
EPS2.51
Dividend Yield0.00%
Beta0.37
50-Day Avg28.38
200-Day Avg28.38

About

RAC Electric Vehicles Inc., together with its subsidiaries, develops, manufactures, and sells electric commercial vehicles in Taiwan. The company offers electric buses. It also engages in battery manufacturing; battery wholesale; automobile and parts manufacturing; retail of automobile and motorcycle parts and accessories; and manufacturing and sales of public transportation systems, such as domestic bus dynamic information management systems and freight fleet management systems. The company was formerly known as formerly known as Rock Kinetic Development Co., Ltd. and changed its name to RAC Electric Vehicles Inc. in August 2009. RAC Electric Vehicles Inc. was founded in 2005 and is based in Taoyuan City, Taiwan.

Company Details

  • CEOMr. Yu Qing Cai
  • HeadquartersNo.33, Alley 291, Wuqing Road, Taoyuan City, Taiwan, Taiwan
  • Websitehttps://www.racev.com

Leadership

  • Mr. Yu Qing CaiGM & Chairman

Financials

Income Statement

Currency: TWD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-341.33M320.90M909.50M1.90B1.29B2.10B
Growth (%)---5.98%+183.42%+108.97%-32.27%+62.83%
Cost of Revenue-403.06M376.31M929.38M1.86B1.23B1.68B
Gross Profit--61.73M-55.41M-19.89M40.59M53.06M416.67M
Gross Margin--18.09%-17.27%-2.19%2.14%4.12%19.88%
Operating Expense-105.03M112.40M154.11M196.24M203.34M250.27M
Operating Income--166.77M-167.81M-174.00M-155.65M-150.28M166.40M
Operating Margin--48.86%-52.29%-19.13%-8.19%-11.67%7.94%
EBITDA-112.36M-132.04M-109.08M-120.08M-64.64M-92.18M276.89M
EBITDA Margin--38.68%-33.99%-13.20%-3.40%-7.16%13.21%
Net Income-134.00M-153.98M-138.03M-184.55M-154.16M-200.23M160.42M
Net Income Margin--45.11%-43.01%-20.29%-8.11%-15.55%7.65%
R&D-39.23M48.53M37.14M67.97M77.08M88.35M
R&D as % of Total Revenue-11.49%15.12%4.08%3.58%5.99%4.22%
Interest Expense4.62M3.27M4.19M12.06M25.81M30.34M32.33M
Interest Expense % of Total Revenue-0.96%1.30%1.33%1.36%2.36%1.54%

Balance Sheet

Currency: TWD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-800.11M1.63B2.09B2.53B2.57B3.56B
Total Liabilities-322.69M745.55M1.39B1.99B1.50B2.34B
Total Equity-477.42M880.54M689.56M528.33M1.06B1.22B
Cash125.53M137.82M377.86M137.48M127.98M164.02M78.74M
Total Debt-123.38M504.54M768.34M1.60B1.02B-
Net Debt-125.53M-14.44M126.68M630.85M1.47B860.50M1.01B

Cash Flow

Currency: TWD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-138.83M-127.18M-232.55M-296.73M-784.63M-7.57M-242.13M
Investing Cash Flow-18.99M67.00K-190.76M-103.89M-54.29M-124.42M-
Financing Cash Flow191.29M216.92M663.35M160.23M829.42M60.17M-
Capital Expenditure17.32M10.60M134.89M110.20M52.37M24.78M23.01M
Free Cash Flow-156.16M-137.78M-367.44M-406.93M-837.00M-32.35M-265.14M
FCF to OCF112.48%108.33%158.00%137.14%106.67%427.36%109.50%

Key Statistics & Ratios

Market Cap4.38B
Enterprise Value5.23B
Trailing P/E14.34
Forward P/E0.00
Price / Sales1.38
Price / Book2.34
EPS2.51
Book Value12.29
Revenue (TTM)3.18B
Gross Profit (TTM)648.38M
EBITDA425.43M
Profit Margin11.79%
Operating Margin13.16%
Return on Equity29.06%
Return on Assets6.44%
Shares Outstanding121.77M
Shares Float32.01M
Beta0.37
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%