GreenPower Motor Company Inc. (GP) vs Xos, Inc. (XOS)

GreenPower Motor Company Inc. and Xos, Inc. are both Farm & Heavy Construction Machinery companies. Xos, Inc. is the larger, with a market value of $35.5M against $6.1M — 5.8× the size. GreenPower Motor Company Inc. grew revenue faster over the last twelve months: −17.0% against −26.9%. GreenPower Motor Company Inc. has the higher net margin (−24.3% vs −51.7%) and the higher return on invested capital (1.45% vs −73.1%). Across the 18 metrics below, GreenPower Motor Company Inc. leads on 11 and Xos, Inc. on 7.

Valuation

Metric GP XOS Farm & Heavy Construction Machinery median
P/E n/m n/m 23.38
P/S 0.22 0.88 0.81
P/B 1.04 1.44 1.43
Price to free cash flow n/m 32.50 25.31
EV/EBITDA 11.51 n/m 12.13
EV/Sales 1.27 0.94 1.20
Earnings yield (117.24%) (61.83%) 2.73%
Free cash flow yield (185.60%) 3.08% 3.02%

Profitability

Metric GP XOS Farm & Heavy Construction Machinery median
Gross margin 60.24% 12.69% 24.21%
Operating margin 2.94% (77.95%) 4.47%
Net margin (24.28%) (51.73%) 1.49%
Free cash flow margin (39.89%) 2.69% 2.15%
Return on equity 368.32% (94.66%) 4.16%
Return on assets (11.50%) (28.92%) 1.45%
Return on invested capital 1.45% (73.08%) 3.36%

Growth

Metric GP XOS Farm & Heavy Construction Machinery median
Revenue growth (TTM) (16.96%) (26.88%) 2.18%
EPS growth (last fiscal year) 76.91% 59.49% —
Revenue growth, 5-year CAGR 4.29% 77.09% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GP XOS Farm & Heavy Construction Machinery median
Debt to equity 5.11 0.68 0.67
Current ratio 1.49 2.00 1.98
Net debt to EBITDA (217.34) (0.17) 1.12

Dividend

Metric GP XOS Farm & Heavy Construction Machinery median
Dividend yield — — 1.45%
Payout ratio 0.00 0.00 0.08

Size

Metric GP XOS Farm & Heavy Construction Machinery median
Market cap 6.11m 35.54m 772.81m

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