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Vicinity Motor Corp.

VEVMQ Consumer Cyclical Auto Manufacturers

Vicinity Motor Corp.’s revenue for fiscal 2023 (year ended December 2023) was $19.1 million, up 3.11% from fiscal 2022. Revenue growth for three consecutive years.

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Market cap: $3.5M
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 3/9
Altman Z: −1.00
Beneish M: −1.78
Dividend safety: n/a

Overview Business Profile Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3.53

Revenue 29.64

Net Income (17.92)

Free Cash Flow (23.10)

Net Debt 6.80

Current Ratio 0.90

Debt/Equity 0.59

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 16.06%

Next Y EPS Growth 97.05%

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

EV/Sales against its own 10 years 33.52%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2021	2022	2023	Q'24
Cash	4	2	2	4
Receivables	3	3	6	8
Inventory	9	10	23	28
Other	—	—	—	—
	21	18	41	45

	2021	2022	2023	Q'24
Payables	3	5	10	14
ST’ Debt	7	7	11	11
Other	6	2	2	2
	19	17	44	50

Compound Annual Growth %

	10y	5y	3y
Sales	—	(18.05%)	(0.87%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	6.65%	6.46%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	13	—	—	—	—
’23	3	5	6	5	19
’22	3	12	2	2	18
’21	22	16	2	2	42
’20	3	6	7	4	20
’19	—	—	—	—	19
’18	—	—	—	—	52

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	—	—	—	—
’23	(4)	(6)	(10)	(6)	(25)
’22	(5)	5	(5)	(4)	(9)
’21	3	9	(4)	(4)	4
’20	3	0	(2)	(6)	(6)
’19	—	—	—	—	(3)
’18	—	—	—	—	2

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	—	—	—	—
’23	(4)	(6)	(11)	(6)	(27)
’22	(8)	0	(8)	(5)	(21)
’21	2	6	(4)	(23)	(20)
’20	3	0	(2)	(6)	(7)
’19	—	—	—	—	(3)
’18	—	—	—	—	2

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.08)	—	—	—	—
’23	(0.05)	(0.02)	(0.10)	(0.20)	(0.36)
’22	(0.08)	(0.10)	(0.19)	(0.09)	(0.45)
’21	0.05	(0.01)	(0.13)	(0.14)	(0.24)
’20	(0.05)	(0.02)	(0.04)	(0.05)	(0.13)
’19	—	—	—	—	(0.16)
’18	—	—	—	—	0.03

Fiscal quarters ending in the months shown.

Group	Line	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024e
Price, $
Price, $	Low	—	—	1.16	3.35	1.38	0.94	0.54	3.04	0.75	0.64	Analyst estimates 2024–2026 Powerpack
	High	—	—	3.90	7.71	5.67	2.05	4.93	10.92	4.29	1.38
People
People	Employees	—	—	—	—	—	—	—	60	57	57
	Revenue/emp, $m	—	—	0.00	0.00	0.00	0.00	0.00	0.70	0.32	0.33
Income, $m
Income, $m	Revenue	—	—	15	44	52	19	20	42	18	19
	Gross margin, %	—	—	(1.24)	14.44	19.20	17.67	13.18	10.15	2.38	11.21
	EBT	—	—	(4)	0	1	(4)	(3)	(7)	(18)	(17)
	EBT margin, %	—	—	(25.39)	(0.76)	1.35	(19.99)	(16.16)	(16.45)	(96.05)	(87.31)
	Net income	—	—	(4)	0	1	(4)	(3)	(7)	(18)	(17)
	Depreciation	—	—	0	0	1	1	1	1	3	1
Per share, $
Per share, $	Revenue	—	—	0.90	1.97	2.15	0.78	0.76	1.35	0.47	0.42
	Earnings	—	—	(0.23)	(0.02)	0.03	(0.16)	(0.13)	(0.24)	(0.45)	(0.36)
	Cash flow	—	—	(0.03)	(0.65)	0.06	(0.12)	(0.22)	0.12	(0.23)	(0.54)
	Capex	—	—	0.00	0.00	0.00	0.00	(0.03)	(0.76)	(0.29)	(0.05)
	Free cash flow	—	—	(0.03)	(0.65)	0.06	(0.12)	(0.26)	(0.64)	(0.52)	(0.59)
	Book value	—	—	(0.03)	0.61	0.64	0.53	0.68	1.11	0.93	0.46
	Shares, m	—	—	17	22	24	24	26	31	40	46
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	0.00	0.00	0.00	0.00	1.87	2.59	2.04	2.03
	P/B	—	—	0.00	0.00	0.00	0.00	2.05	3.15	1.02	1.83
	EV/Sales	—	—	0.00	0.00	0.00	0.00	1.92	2.66	2.39	2.66
	EV/FCF	—	—	0.00	0.00	0.00	0.00	(7.06)	(5.59)	(2.14)	(1.87)
Cash, $m
Cash, $m	Operating cash flow	—	—	(1)	(14)	2	(3)	(6)	4	(9)	(25)
	Capex	—	—	—	0	0	0	(1)	(23)	(12)	(2)
	Free cash flow	—	—	(1)	(14)	2	(3)	(7)	(20)	(21)	(27)
Balance, $m
Balance, $m	Working capital	—	—	2	12	12	9	13	1	2	(3)
	Total debt	—	—	5	9	4	6	2	7	7	11
	Net debt	—	—	3	4	2	6	1	3	5	9
	Shareholders’ equity	—	—	0	13	15	13	18	34	37	21
Returns, %
Returns, %	ROA	—	—	(16.87)	(7.64)	3.63	(13.19)	(9.91)	(16.11)	(32.92)	(25.74)
	ROIC	—	—	0.00	0.00	0.00	0.00	(10.82)	(9.80)	(19.50)	(19.34)
	ROE	—	—	(60.05)	(5.12)	4.84	(27.22)	(21.30)	(28.27)	(50.50)	(57.33)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2023 · latest quarter Mar 2024

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ARVLF Arrival	$7.5M	— (loss-making)	—	—	n/m	−28,925.69% (below 0%: shrinking)	—	0.00%	Compare
LOBO Lobo EV Technologies Ltd	$6.9M	—	—	—	—	−222.36% (below 0%: shrinking)	—	—	Compare
FLYE Fly-E Group, Inc.	$5.5M	— (loss-making)	—	—	n/m	—	—	—	Compare
GOEVQ Canoo Inc.	$5.4M	— (loss-making)	— (loss-making)	−65.06% (below 0%: shrinking)	n/m	+60.03% (above 0%: growing)	80.92%	(6,643.32%)	Compare
FFAI Faraday Future Intelligent Electric Inc.	$5.1M	— (loss-making)	—	+1,448.15% (above 0%: growing)	n/m	+1.96% (above 0%: growing)	(1,280.14%)	(4,165.91%)	Compare
DCX Digital Currency X Technology Inc.	$4.2M	27.6×	—	—	+100.00% (above 0%: growing)	+102.45% (above 0%: growing)	0.00%	0.00%	Compare
VEVMQ Vicinity Motor Corp.	$3.5M	— (loss-making)	—	+399.58% (above 0%: growing)	n/m	+101.80% (above 0%: growing)	14.23%	(3.91%)
SSM Sono Group N.V.	$3.1M	— (loss-making)	—	+100.90% (above 0%: growing)	n/m	+73.63% (above 0%: growing)	25.43%	0.00%	Compare
EGOXF Next.e.GO N.V.	$2.9M	— (loss-making)	—	—	n/m	−330.93% (below 0%: shrinking)	—	—	Compare
Median of peers	$5.2M	—	—	+100.90%	—	+1.96%	12.72%	0.00%

All 41 Auto Manufacturers stocks →

Vicinity Motor Corp. (VEVMQ) key facts

Strength: Vicinity Motor Corp.’s revenue for fiscal 2023 (year ended December 2023) was $19.1 million, up 3.11% from fiscal 2022.
Vicinity Motor Corp. (VEVMQ) is an Auto Manufacturers company in the Consumer Cyclical sector.
Return on equity was −57.3% and debt-to-equity 0.59.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −1.00 (distress zone) for fiscal 2023.

Source: company filings (standardised) and stockrow calculations.