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Eve Holding (EVEX)
NYSE:EVEX
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Eve Holding
(NYSE:EVEX)
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Rating:43Neutral
Price Target:―
Eve Holding's overall stock score is driven by significant financial challenges, including no revenue and increasing losses. Despite a robust order backlog and progress in prototype development, the company faces substantial cash burn and financial instability. Technical indicators show some short-term potential, but the negative P/E ratio and lack of dividends highlight valuation concerns.
Positive Factors
Strong Order Backlog
A robust order backlog indicates strong demand and provides revenue visibility, supporting long-term growth and market presence in the urban air mobility sector.
Certification Progress
Achieving certification milestones is crucial for commercial operations, enhancing Eve's ability to launch its eVTOL aircraft and gain a competitive edge in the aerospace market.
Successful Capital Raising
Raising substantial capital strengthens Eve's financial position, enabling continued investment in R&D and infrastructure, essential for long-term strategic initiatives and operational sustainability.
Negative Factors
Continued Financial Losses
Ongoing financial losses highlight challenges in achieving profitability, potentially impacting long-term financial health and necessitating strategic adjustments to reduce costs and improve margins.
High Cash Burn
Significant cash burn poses a risk to financial stability, requiring effective cash management and potentially limiting resources for future growth and development initiatives.
No Revenue Generation
The absence of revenue generation underscores operational challenges and raises concerns about the company's ability to monetize its innovations and achieve sustainable growth.
Eve Holding (EVEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.32B
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth-30.78%
CountryUS
Employees174
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.21
Shares Outstanding300,881,900
10 Day Avg. Volume1,213,848
30 Day Avg. Volume1,578,141
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.51
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-11.47K
Enterprise Value/Ebitda-10.90
Forecast
1Y Price Target
$7.63Price Target Upside75.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Eve Holding Business Overview & Revenue Model
Company DescriptionEve Holding, Inc. (EVEX) is a company focused on developing urban air mobility solutions. It operates within the aerospace sector, primarily engaging in the design and production of electric vertical takeoff and landing (eVTOL) aircraft. Eve aims to revolutionize urban transportation by offering innovative, sustainable, and efficient air mobility options to enhance connectivity and reduce congestion in urban environments.
How the Company Makes MoneyEve Holding makes money through the development and sale of its eVTOL aircraft. The company generates revenue by partnering with urban mobility service providers and city planners to integrate its aircraft into existing transportation networks. Additionally, Eve may engage in direct sales of its eVTOL units to commercial operators and potentially gain recurring revenue through maintenance services and software solutions that enhance the operation and efficiency of its aircraft. Strategic partnerships with aerospace industry leaders and technology companies also play a crucial role in supporting its growth and expanding its market reach.
Eve Holding Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant progress in program development, strategic partnerships, and strong order backlog growth. However, increased cash burn, a net loss, and delays in prototype testing were notable challenges. Despite these challenges, the positive developments and strong financial position indicate a cautiously optimistic outlook.Q2-2025 Updates
Positive Updates
Unveiling of Full-Scale Mockup
Eve Air Mobility unveiled its full-scale mockup at the Paris Air Show in June, featuring a new propeller configuration.
First Firm Order and Additional LOIs
Eve announced its first firm order from Revo and signed additional Letters of Intent (LOIs) for a total of 104 eVTOLs, increasing the total preorder backlog to approximately 2,800 aircraft, valued close to $14 billion.
Partnership with Beta Company
Eve partnered with Beta Company to complement its supplier list, bringing a proven and mature solution to the distributed propulsion of the eVTOL.
Advancements in Program Development
Eve redesigned the wing for a more aerodynamic profile and initiated the last set of ground tests before the flight campaign for its full-scale engineering prototype.
Strong Financial Position
Eve ended the second quarter with $242 million in cash, and a total liquidity of $375 million, sufficient to sustain operations through 2026.
Negative Updates
Increased Cash Burn
Operations consumed $57 million in the second quarter, almost twice the cash consumed in the first quarter.
Net Loss for the Quarter
Eve reported a net loss of $64 million in the second quarter of 2025.
Delay in Prototype Testing
The first flight of the full-scale engineering prototype is now expected towards the end of the year, indicating a delay from earlier expectations.
Company Guidance
During the Eve Air Mobility second quarter 2025 conference call, the company provided several key metrics and updates. Eve announced its first firm order from Revo, a helicopter operator in São Paulo, with a contract for 50 aircraft and services valued at $250 million, expected to generate revenue starting in 2027. The total preorder backlog now stands at approximately 2,800 aircraft, valued close to $14 billion, including letters of intent from 28 customers across nine countries. The company also secured contracts with 14 customers for its TechCare aftermarket products, potentially bringing in $1.6 billion in revenue over the first few years of operations. Additionally, Eve invested $55 million in program development in Q2 and reported a net loss of $64 million. The company expects cash consumption for the year to be between $200 million and $250 million, likely closer to the lower end, and ended the quarter with $242 million in cash. Eve remains on track for its target certification and entry into service in 2027.Eve Holding Financial Statement Overview
Summary
Eve Holding's financial position is precarious with no revenue generation, increasing losses, and a significant reliance on debt and external financing. The balance sheet and cash flow challenges indicate financial instability and a need for strategic restructuring to achieve profitability and sustainable growth.Income Statement
Eve Holding has consistently reported zero revenue over the past six years, indicating a lack of operational income. The company is incurring losses, with a significant net loss of $138,168,000 in the latest year. This lack of revenue and continuous losses are major concerns for the income statement.10
Very Negative
Balance Sheet
The balance sheet shows a relatively high debt-to-equity ratio due to increased total debt. Stockholders' equity has decreased, and the equity ratio has declined over time. Although the company maintains a positive cash position, the rising liabilities and decreasing equity are potential risks.25
Negative
Cash Flow
Eve Holding's cash flow statement reveals negative operating and free cash flows, highlighting cash burn issues. Operating cash flow has worsened, reflecting ongoing operational challenges. Despite positive financing cash flows, the reliance on external funding raises sustainability concerns.20
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -174.00K | 0.00 | -100.00K | -33.49K | -108.00K | 0.00 |
| EBITDA | -183.00M | -133.80M | -125.74M | -173.06M | -18.15M | -16.66M |
| Net Income | -189.95M | -138.17M | -127.66M | -174.03M | -18.26M | -9.66M |
Balance Sheet | ||||||
| Total Assets | 260.99M | 318.24M | 245.34M | 312.88M | 15.32M | 72.99K |
| Cash, Cash Equivalents and Short-Term Investments | 242.74M | 303.38M | 158.10M | 227.93M | 14.38M | 1.97M |
| Total Debt | 154.55M | 132.01M | 25.76M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 247.56M | 194.32M | 80.29M | 25.95M | 2.23M | 1.09M |
| Stockholders Equity | 13.44M | 123.92M | 165.05M | 286.92M | 13.09M | -1.01M |
Cash Flow | ||||||
| Free Cash Flow | -154.37M | -141.18M | -94.68M | -59.93M | -14.89M | -9.03M |
| Operating Cash Flow | -149.92M | -135.97M | -94.51M | -59.46M | -14.89M | -9.03M |
| Investing Cash Flow | -30.17M | -56.22M | 66.83M | -258.48M | -4.60M | -232.30M |
| Financing Cash Flow | 194.50M | 203.02M | 24.93M | 352.70M | 29.26M | 9.03M |
Eve Holding Technical Analysis
Negative
4.34
Price Trends
4.19
Positive
5.23
Negative
4.68
Negative
Market Momentum
0.04
Positive
49.74
Neutral
26.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVEX, the sentiment is Negative. The current price of 4.34 is below the 20-day moving average (MA) of 4.50, above the 50-day MA of 4.19, and below the 200-day MA of 4.68, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 49.74 is Neutral, neither overbought nor oversold. The STOCH value of 26.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVEX.
Eve Holding Risk Analysis
Eve Holding disclosed 13 risk factors in its most recent earnings report. Eve Holding reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eve Holding Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | $214.24M | ― | -91.98% | ― | -84.19% | 55.27% | |
49 Neutral | $1.27B | ― | -30.69% | ― | 87.67% | 18.33% | |
49 Neutral | $7.00B | ― | -60.83% | ― | ― | -4.00% | |
43 Neutral | $1.32B | ― | -320.52% | ― | ― | -30.78% | |
40 Underperform | $17.28M | ― | ― | ― | -14.94% | 49.72% | |
25 Underperform | $460.12M | ― | ― | ― | ― | ― |
* Industrials Sector Average
EVEX
Eve Holding
4.43
1.05
31.07%
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-43.26%
EH
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EVTL
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-16.52%
ACHR
Archer Aviation
11.29
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264.19%
KITT
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-10.48
-85.62%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.