Canoo Inc. (GOEVQ) vs Vicinity Motor Corp. (VEVMQ)

Canoo Inc. and Vicinity Motor Corp. are both Auto Manufacturers companies. Canoo Inc. is the larger, with a market value of $5.4M against $3.5M — 1.5× the size. Vicinity Motor Corp. has the higher net margin (−60.5% vs −6,070.9%) and the higher return on invested capital (−19.7% vs −57.2%). Across the 12 metrics below, Vicinity Motor Corp. leads on 10 and Canoo Inc. on 2.

Valuation

Metric GOEVQ VEVMQ Auto Manufacturers median
P/E n/m n/m 8.14
P/S n/m n/m 0.90
P/B n/m n/m 1.16
Price to free cash flow n/m n/m 19.78
EV/EBITDA n/m n/m 7.18
EV/Sales 34.43 0.70 1.49
Earnings yield 0.00% 0.00% (6.65%)
Free cash flow yield 0.00% 0.00% (16.79%)

Profitability

Metric GOEVQ VEVMQ Auto Manufacturers median
Gross margin (84.26%) 11.97% 7.51%
Operating margin (9,613.31%) (27.17%) (10.38%)
Net margin (6,070.86%) (60.46%) (4.32%)
Free cash flow margin (8,440.60%) (77.96%) 0.00%
Return on equity (76.34%) (66.19%) 0.00%
Return on assets (27.35%) (26.67%) (6.30%)
Return on invested capital (57.17%) (19.70%) 0.00%

Growth

Metric GOEVQ VEVMQ Auto Manufacturers median
Revenue growth (TTM) — 65.18% 5.42%
EPS growth (last fiscal year) 71.01% 20.00% —
Revenue growth, 5-year CAGR — (18.05%) 10.46%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GOEVQ VEVMQ Auto Manufacturers median
Debt to equity 0.20 0.59 0.25
Current ratio 0.14 0.90 1.10
Net debt to EBITDA (0.16) (1.15) (0.04)

Dividend

Metric GOEVQ VEVMQ Auto Manufacturers median
Dividend yield — — 3.24%
Payout ratio 0.00 0.00 0.00

Size

Metric GOEVQ VEVMQ Auto Manufacturers median
Market cap 5.36m 3.53m 81.09m

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