Microvast Holdings (MVST) AI Stock Analysis

• Market Cap: $1.42B
• Dividend Yield: N/A
• Average Volume (3M): 10.00M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.61
• Revenue Growth: 21.69%
• EPS Growth: -28.26%
• Country: US
• Employees: 1,921
• Sector: Industrials
• Sector Strength: 83
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.05
• Shares Outstanding: 325,341,400
• 10 Day Avg. Volume: 6,870,850
• 30 Day Avg. Volume: 9,996,800
• PEG Ratio: 0.06
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -50.68
• Enterprise Value/Market Cap: 0.35
• Enterprise Value/Revenue: 0.33
• Enterprise Value/Gross Profit: 3.43
• Enterprise Value/Ebitda: -0.98
• 1Y Price Target: $3.00
• Price Target Upside: -30.72% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: $5.00 ▲(15.47%Upside)

Microvast's stock score is driven primarily by strong earnings call results and positive technical analysis. Despite mixed financial performance and poor valuation metrics, the company's recent achievement of profitability and record revenue growth create a promising outlook. Technical indicators support a bullish trend, increasing investor confidence. Valuation remains a concern due to negative earnings.

Positive Factors

Market Performance

Strong revenue performance was primarily supported by 123% growth in the EMEA region.

Revenue Growth

Microvast reported revenues of $116.5M, up 43.2% year-over-year, significantly beating expectations.

Technology Innovation

The company highlighted its solid-state battery 3D printing technology that allows for cell fabrication with varying sizes, shapes, and design adaptability, opening new applications.

Negative Factors

Market Challenges

The U.S. remains a small portion of the company's overall revenues, suggesting that tariff-related headwinds are likely to minimally impact the company's near-term performance.

Risk Factors

Risks include dilution risk, customer concentration risk, execution risk, regulatory risk, raw material supply risk, competition risk, technological risks, and uncertainty related to macroeconomic conditions.

Microvast Holdings Business Overview & Revenue Model

Company Description

Microvast Holdings, Inc. is a technology-driven company engaged in the design, development, and manufacture of lithium-ion battery solutions tailored for electric vehicles and other applications. Operating within the energy storage and electric vehicle sectors, Microvast offers a range of battery cells, modules, and packs that are known for their fast charging capabilities, high energy density, and long cycle life. The company is committed to advancing sustainable energy technologies and supporting the transition to cleaner transportation solutions.

How the Company Makes Money

Microvast Holdings generates revenue primarily through the sale of its lithium-ion battery products, which are utilized in electric vehicles, energy storage systems, and other industrial applications. The company's key revenue streams include the production and sale of battery cells, modules, and packs to original equipment manufacturers (OEMs) and other industrial clients. Microvast also engages in significant partnerships and collaborations with automotive manufacturers and technology firms to co-develop and integrate advanced battery solutions into their products, further contributing to its income. Additionally, the company's focus on research and development enables it to innovate and enhance its product offerings, thus maintaining its competitive edge in the energy storage market.

Microvast Holdings Financial Statement Overview

Summary

Microvast Holdings shows revenue growth but struggles with profitability due to negative profit margins. Improvement in debt levels and cash flows presents potential for future stability.

Income Statement

Microvast Holdings shows a pattern of growing revenues, with a TTM (Trailing-Twelve-Months) revenue increase of approximately 9.25% from the previous year. However, the company is struggling with profitability, as indicated by negative net profit margins and declining EBIT and EBITDA margins. This implies operational inefficiencies and challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 0.33 in the TTM, which shows improvement from previous years and indicates a relatively lower reliance on debt financing. However, the company has yet to achieve positive return on equity (ROE) due to persistent net losses, which impacts overall financial health.

Cash Flow

Cash flow analysis shows some improvement, with positive free cash flow in the TTM, although the growth rate from the previous year is minimal. The operating cash flow to net income ratio is strong, suggesting efficient cash generation relative to reported losses. However, free cash flow remains constrained, reflecting the challenge in achieving sustainable cash profitability.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
414.94M	379.80M	306.62M	204.50M	151.98M	107.52M
	Gross Profit
145.34M	119.55M	57.23M	9.07M	-42.74M	17.14M
	EBIT
-74.04M	-116.09M	-108.68M	-159.95M	-194.06M	-32.11M
	EBITDA
-91.44M	-154.91M	-80.85M	-132.26M	-180.36M	-11.09M
	Net Income Common Stockholders
-131.96M	-195.46M	-106.34M	-158.20M	-216.01M	-49.55M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
90.90M	73.01M	51.13M	256.49M	480.93M	21.50M
	Total Assets
982.93M	951.87M	1.10B	984.96M	995.29M	404.51M
	Total Debt
296.34M	328.89M	202.77M	173.07M	147.40M	151.03M
	Net Debt
205.45M	255.88M	158.23M	-58.35M	-333.53M	129.53M
	Total Liabilities
528.70M	563.97M	532.54M	371.98M	308.59M	698.29M
	Stockholders Equity
454.24M	387.89M	564.19M	612.98M	686.70M	-384.60M
Cash Flow		Free Cash Flow
2.74M	-24.91M	-262.09M	-204.81M	-132.90M	-3.09M
	Operating Cash Flow
22.56M	2.81M	-75.30M	-53.93M	-45.04M	15.56M
	Investing Cash Flow
-9.96M	-12.15M	-165.60M	-175.94M	-87.86M	-17.67M
	Financing Cash Flow
32.26M	37.59M	29.53M	4.97M	624.95M	-507.00K

Microvast Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MVST, the sentiment is Positive. The current price of 4.33 is above the 20-day moving average (MA) of 3.91, above the 50-day MA of 2.91, and above the 200-day MA of 1.56, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 65.17 is Neutral, neither overbought nor oversold. The STOCH value of 80.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MVST.

Microvast Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MVST	73 Outperform	$1.42B	―	-26.38%	―	21.69%	-28.26%
Sector *	66 Neutral	$4.46B	12.11	5.38%	5.02%	4.17%	-11.82%
ENVX	56 Neutral	$1.63B	―	-85.86%	―	77.59%	2.01%
SLDP	55 Neutral	$346.17M	―	-20.64%	―	3.22%	-33.20%
AMPX	52 Neutral	$454.46M	―	-68.88%	―	209.20%	4.24%
ADSE	47 Neutral	$681.67M	―	-279.62%	―	2.45%	-69.94%
EOSE	46 Neutral	$1.14B	―	125.43%	―	37.60%	-161.38%

Microvast Holdings Corporate Events

Microvast Holdings Appoints New CFO Carl T. Schultz

On April 7, 2025, Fariyal Khanbabi stepped down as Chief Financial Officer of Microvast Holdings, Inc., and Carl T. ‘Pat’ Schultz was appointed as the new CFO, effective April 21, 2025. Schultz, with over 20 years of financial leadership experience, previously served as CFO for Air Liquide North America and is expected to play a crucial role in achieving Microvast’s growth and long-term financial objectives.