Electrovaya Inc. (ELVA) vs NeoVolta, Inc. (NEOV)

Electrovaya Inc. and NeoVolta, Inc. are both Electrical Equipment & Parts companies. Electrovaya Inc. is the larger, with a market value of $268.0M against $143.4M — 1.9× the size. NeoVolta, Inc. has negative trailing earnings, so its P/E is not meaningful; Electrovaya Inc. trades at 47.8×. NeoVolta, Inc. grew revenue faster over the last twelve months: 58.2% against 30.9%. Electrovaya Inc. has the higher net margin (6.14% vs −161.0%) and the higher return on invested capital (4.60% vs −79.8%). Across the 19 metrics below, Electrovaya Inc. leads on 15 and NeoVolta, Inc. on 4.

Valuation

Metric ELVA NEOV Electrical Equipment & Parts median
P/E 47.79 n/m 31.20
P/S 3.51 6.45 2.28
P/B 3.75 2.17 3.19
Price to free cash flow n/m n/m 27.15
EV/EBITDA 32.70 n/m 15.80
EV/Sales 3.87 4.60 2.38
Earnings yield 2.09% (23.74%) (5.87%)
Free cash flow yield (6.20%) (25.94%) 0.00%

Profitability

Metric ELVA NEOV Electrical Equipment & Parts median
Gross margin 33.00% 16.04% 25.38%
Operating margin 9.35% (136.07%) 0.00%
Net margin 6.14% (161.03%) 0.00%
Free cash flow margin (21.76%) (167.43%) 0.00%
Return on equity 9.85% (101.09%) 0.14%
Return on assets 5.12% (71.04%) (1.50%)
Return on invested capital 4.60% (79.76%) 0.00%

Growth

Metric ELVA NEOV Electrical Equipment & Parts median
Revenue growth (TTM) 30.88% 58.22% 7.92%
EPS growth (last fiscal year) 300.00% (266.67%) 27.37%
Revenue growth, 5-year CAGR 34.45% 22.55% 9.92%
Net income growth, 5-year CAGR 24.77% 0.00% 0.00%

Health

Metric ELVA NEOV Electrical Equipment & Parts median
Debt to equity 0.60 0.00 0.16
Current ratio 7.53 4.92 2.31
Net debt to EBITDA 2.17 1.45 0.26

Dividend

Metric ELVA NEOV Electrical Equipment & Parts median
Dividend yield — — 0.48%
Payout ratio — — 0.10

Size

Metric ELVA NEOV Electrical Equipment & Parts median
Market cap 268.00m 143.40m 157.22m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack