MVST - Microvast Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$4.80
DETAILS
HIGH:
$8.00
LOW:
$1.59
MEDIAN:
$4.79
CONSENSUS:
$4.80
UPSIDE:
228.77%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 427.5 | 379.8 | 306.6 | 204.5 | 152.0 | 107.5 | 76.4 | 174.2 |
| Cost of Revenue | 272.9 | 260.2 | 249.4 | 195.4 | 194.7 | 90.4 | 76.7 | 153.4 |
| Gross Profit | 154.6 | 119.6 | 57.2 | 9.1 | (42.7) | 17.1 | (0.2) | 20.8 |
| Operating Expenses | ||||||||
| R&D Expenses | 34.1 | 41.1 | 45.0 | 43.5 | 34.4 | 16.6 | 26.0 | 32.4 |
| SG&A Expenses | 35.6 | 104.1 | 120.4 | 125.4 | 123.1 | 32.6 | 30.9 | 46.4 |
| Other Expenses | 44.4 | 90.5 | (1.4) | 0.1 | (6.1) | (3) | (3.2) | 0 |
| Operating Expenses | 114.1 | 235.6 | 164.0 | 169.0 | 151.3 | 46.2 | 53.6 | 73.1 |
| Operating Income | ||||||||
| Operating Income | 40.5 | (116.1) | (106.7) | (159.9) | (194.1) | (29.1) | (53.9) | (58.0) |
| Interest Expense | 4.9 | 9.7 | 2.6 | 3.3 | 5.4 | 5.7 | 6.4 | 0 |
| Interest Income | 1.0 | 0.7 | 3.6 | 3.2 | 0.4 | 0.6 | 0.9 | 0 |
| Profitability | ||||||||
| EBITDA | 73.6 | (154.9) | (80.8) | (134.5) | (180.4) | (11.1) | (37.7) | (45.2) |
| EBIT | 40.5 | (185.7) | (103.8) | (154.8) | (201.1) | (27.9) | (53.1) | (58.0) |
| Income Before Tax | (34.5) | (195.5) | (106.4) | (158.2) | (206.5) | (33.6) | (59.5) | (54.3) |
| Income Tax Expense | (5.3) | 0 | 0.0 | 0.0 | 0 | 0.0 | 0.2 | 6.4 |
| Net Income | (29.2) | (195.5) | (106.3) | (158.2) | (216.0) | (49.6) | (72.6) | (100.0) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.09 | -0.61 | -0.34 | -0.52 | -1.26 | -0.27 | -0.38 | -161.90 |
| EPS (Diluted) | -0.09 | -0.61 | -0.34 | -0.52 | -1.26 | -0.27 | -1.70 | -161.90 |
| Shares Outstanding | 324.7 | 318.5 | 310.9 | 303.3 | 185.9 | 300.5 | 300.5 | 0.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 105.0 | 73.0 | 82.0 | 231.4 | 480.9 | 21.5 | 28.0 | 0.0 |
| Short-Term Investments | 0 | 0 | 5.6 | 25.1 | 0 | 282.3 | 1.5 | 0 |
| Net Receivables | 155.8 | 146.0 | 177.5 | 124.2 | 104.3 | 100.1 | 67.6 | 0 |
| Inventory | 89.4 | 143.3 | 155.5 | 84.3 | 53.4 | 45.0 | 59.2 | 0 |
| Other Current Assets | 98.6 | 56.5 | 0.9 | 70.7 | 55.2 | 0 | (155.9) | 0 |
| Total Current Assets | 448.7 | 428.0 | 425.6 | 545.1 | 706.6 | 189.3 | 0.4 | 0.0 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 525.4 | 495.8 | 640.2 | 351.5 | 253.1 | 198.0 | 191.3 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.2 | 14.0 | 15.1 | 14.3 | 15.9 | 16.3 | 16.1 | 0 |
| Long-Term Investments | 2.6 | 0.0 | 6.2 | 0.5 | 0 | 0 | 280.1 | 0 |
| Other Non-Current Assets | 21.1 | 14.0 | 21.6 | 74.1 | 19.7 | 0.9 | 1.6 | 0.1 |
| Total Non-Current Assets | 556.7 | 523.8 | 671.1 | 439.9 | 288.7 | 215.2 | 280.1 | 0.1 |
| Total Assets | 1,005.4 | 951.9 | 1,096.7 | 985.0 | 995.3 | 404.5 | 280.5 | 0.1 |
| Current Liabilities | ||||||||
| Account Payables | 47.0 | 64.9 | 112.6 | 45.0 | 40.4 | 42.0 | 35.6 | 0 |
| Short-Term Debt | 171.4 | 122.4 | 98.8 | 85.8 | 74.3 | 77.9 | 120.9 | 0.1 |
| Deferred Revenue | 5.6 | 43.7 | 43.1 | 54.2 | 1.5 | 2.4 | (156.5) | 0 |
| Other Current Liabilities | 264.3 | 23.8 | 137.8 | 60.1 | 31.6 | 8.3 | 195.8 | 0.0 |
| Total Current Liabilities | 488.3 | 330.2 | 403.4 | 252.4 | 175.6 | 183.6 | 195.8 | 0.1 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 14.5 | 188.8 | 86.9 | 72.9 | 73.1 | 73.1 | 29.3 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 425.2 | 0.0 | 0 |
| Other Non-Current Liabilities | 92.1 | 24.8 | 21.7 | 29.3 | 57.6 | 15.1 | 130.9 | 0 |
| Total Non-Current Liabilities | 106.6 | 233.8 | 129.1 | 119.6 | 133.0 | 514.7 | 160.2 | 0 |
| Total Liabilities | 594.9 | 564.0 | 532.5 | 372.0 | 308.6 | 698.3 | 356.0 | 0.1 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,122.2) | (1,093.0) | (897.5) | (791.2) | (632.1) | (398.0) | (314.7) | (0.0) |
| Accumulated Other Comprehensive Income | (11.1) | (32.2) | (19.6) | (12.0) | 12.7 | 13.4 | (9.3) | 0 |
| Total Stockholders' Equity | 410.5 | 387.9 | 564.2 | 613.0 | 686.7 | (75.5) | (20.8) | 0.0 |
| Total Liabilities & Equity | 1,005.4 | 951.9 | 1,096.7 | 985.0 | 995.3 | 404.5 | 280.5 | 0.1 |
| Debt Metrics | ||||||||
| Total Debt | 185.8 | 328.9 | 205.2 | 175.0 | 147.4 | 151.0 | 150.2 | 0.1 |
| Net Debt | 80.9 | 255.9 | 123.2 | (56.4) | (333.5) | 129.5 | 150.0 | 0.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (29.2) | (195.5) | (106.4) | (158.2) | (206.5) | (33.6) | (59.7) | (0.0) |
| Depreciation & Amortization | 33.1 | 30.8 | 22.9 | 20.4 | 20.7 | 16.8 | 15.4 | 12.7 |
| Stock-Based Compensation | 3.1 | 30.8 | 65.0 | 90.8 | 82.9 | 0 | 0 | 0 |
| Change in Working Capital | (29.5) | (52.8) | (78.5) | (30.4) | (24.0) | 27.0 | 51.7 | 0.0 |
| Other Non-Cash Items | 103.9 | 189.4 | 21.7 | 23.5 | 81.8 | 5.4 | 5.9 | (0.0) |
| Operating Cash Flow | 75.9 | 2.8 | (75.3) | (53.9) | (45.0) | 15.6 | 13.4 | (0.0) |
| Investing Activities | ||||||||
| Capital Expenditure | (19.8) | (27.7) | (186.8) | (150.9) | (87.9) | (18.6) | (20.3) | (29.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (6.0) | (25.1) | 0 | (4.6) | (20.4) | 0 |
| Sales/Maturities of Investments | 0 | 5.6 | 25.5 | 0 | 0 | 5.6 | 36.6 | 0 |
| Other Investing Activities | 3.8 | 10.0 | 1.6 | 0.0 | 0 | 0.0 | 0.0 | 185.9 |
| Investing Cash Flow | (16.0) | (12.2) | (165.6) | (175.9) | (87.9) | (17.7) | (4.0) | 156.0 |
| Financing Activities | ||||||||
| Net Debt Issuance | (11.7) | 60.3 | 33.0 | 5.0 | 58.9 | (0.5) | (19.5) | 0.1 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (19.7) | (22.7) | 0 | 0 | 566.1 | 0 | (32.7) | (0.1) |
| Financing Cash Flow | (2.7) | 37.6 | 33.0 | 5.0 | 624.9 | (0.5) | (52.2) | 0.0 |
| Cash Position | ||||||||
| Net Change in Cash | 59.6 | 21.4 | (214.4) | (233.5) | 494.9 | (0.6) | (43.8) | 143.4 |
| Cash at Beginning | 109.6 | 88.2 | 302.6 | 536.1 | 41.2 | 41.8 | 85.5 | (143.4) |
| Cash at End | 169.2 | 109.6 | 88.2 | 302.6 | 536.1 | 41.2 | 41.8 | 0.0 |
| Free Cash Flow | 56.1 | (24.9) | (262.1) | (204.8) | (132.9) | (3.1) | (6.9) | (29.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 427.5 | 379.8 | 306.6 | 204.5 | 152.0 | 107.5 | 76.4 | 174.2 |
| Gross Profit | 154.6 | 119.6 | 57.2 | 9.1 | (42.7) | 17.1 | (0.2) | 20.8 |
| Operating Income | 40.5 | (116.1) | (106.7) | (159.9) | (194.1) | (29.1) | (53.9) | (58.0) |
| Net Income | (29.2) | (195.5) | (106.3) | (158.2) | (216.0) | (49.6) | (72.6) | (100.0) |
| EPS (Diluted) | -0.09 | -0.61 | -0.34 | -0.52 | -1.26 | -0.27 | -1.70 | -161.90 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 105.0 | 73.0 | 82.0 | 231.4 | 480.9 | 21.5 | 28.0 | 0.0 |
| Total Assets | 1,005.4 | 951.9 | 1,096.7 | 985.0 | 995.3 | 404.5 | 280.5 | 0.1 |
| Total Debt | 185.8 | 328.9 | 205.2 | 175.0 | 147.4 | 151.0 | 150.2 | 0.1 |
| Stockholders' Equity | 410.5 | 387.9 | 564.2 | 613.0 | 686.7 | (75.5) | (20.8) | 0.0 |
| Cash Flow | ||||||||
| Operating Cash Flow | 75.9 | 2.8 | (75.3) | (53.9) | (45.0) | 15.6 | 13.4 | (0.0) |
| Capital Expenditure | (19.8) | (27.7) | (186.8) | (150.9) | (87.9) | (18.6) | (20.3) | (29.8) |
| Free Cash Flow | 56.1 | (24.9) | (262.1) | (204.8) | (132.9) | (3.1) | (6.9) | (29.8) |