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GOEV - Canoo Inc.

NASDAQ -> Consumer Cyclical -> Auto Manufacturers
Torrance, United States

GOEV price evolution
GOEV
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $416.31 $563.57 $641.92 $702.42
Short term investments
Net receivables
Inventory
Total current assets $430.86 $576.91 $657.56 $708.88
Long term investments
Property, plant & equipment $155.37 $103.19 $59.28 $43.34
Goodwill & intangible assets
Total noncurrent assets $183.69 $134.61 $60.27 $44.59
Total investments
Total assets $614.55 $711.52 $717.83 $753.47
Current liabilities
Accounts payable $63.32 $51.78 $17.79 $17.24
Deferred revenue
Short long term debt
Total current liabilities $106.71 $116.25 $36.44 $27.87
Long term debt $14.03 $13.94 $21.06 $20.2
Total noncurrent liabilities $46.37 $72.04 $71.12 $153.75
Total debt $14.03 $13.94 $21.06 $20.2
Total liabilities $153.08 $188.29 $107.56 $181.62
Shareholders' equity
Retained earnings -$554.02 -$473.14 -$360.59 -$348.49
Other shareholder equity
Total shareholder equity $461.47 $523.24 $610.28 $571.86
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $702.42 $1.12 $0.01
Short term investments
Net receivables
Inventory
Total current assets $708.88 $1.17 $0.01
Long term investments $307.34
Property, plant & equipment $43.34 $26.01
Goodwill & intangible assets
Total noncurrent assets $44.59 $307.34 $0.23
Total investments $307.34
Total assets $753.47 $308.51 $0.24
Current liabilities
Accounts payable $17.24 $0.05 $0.13
Deferred revenue
Short long term debt $0.09
Total current liabilities $27.87 $2.28 $0.22
Long term debt $20.2 $86.05
Total noncurrent liabilities $153.75 $10.18
Total debt $20.2 $100.13 $0.09
Total liabilities $181.62 $12.46 $0.22
Shareholders' equity
Retained earnings -$348.49 $1.16 -$0
Other shareholder equity -$20
Total shareholder equity $571.86 $5 $0.02
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $2.55
Cost of revenue $0.67
Gross Profit $1.88
Operating activities
Research & development $59.39 $57.64 $39.32 $142.81
Selling, general & administrative $45.51 $44.63 $55.63 $51.6
Total operating expenses $107.01 $104.35 $97.07 $201.52
Operating income -$107.01 -$104.35 -$97.07 -$199.65
Income from continuing operations
EBIT -$80.91 -$112.59 -$15.24 -$79.27
Income tax expense $0
Interest expense -$0.03 -$0.03 -$0.01 $10.47
Net income
Net income -$80.88 -$112.55 -$15.23 -$89.74
Income (for common shares) -$80.88 -$112.55 -$15.23 -$89.63
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $2.55
Cost of revenue $0.67
Gross Profit $1.88
Operating activities
Research & development $142.86
Selling, general & administrative $51.61 $3.25 $0
Total operating expenses $201.6 $3.25 $0
Operating income -$199.72 -$3.25 -$0
Income from continuing operations
EBIT -$79.34 $2.27 -$0
Income tax expense $0 $1.11
Interest expense $10.48 $9.52
Net income
Net income -$89.82 $1.16 -$0
Income (for common shares) -$89.82 $1.16 -$0
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income -$80.88 -$112.55 -$15.23 -$89.74
Operating activities
Depreciation $2.65 $2.9 $1.54 $7.75
Business acquisitions & disposals -$26.13
Stock-based compensation $19.1 $25.51 $45.15 $84.28
Total cash flows from operations -$71.8 -$54.87 -$53.95 -$106.99
Investing activities
Capital expenditures -$45.32 -$16.55 -$12.11 -$7.56
Investments
Total cash flows from investing -$71.46 -$16.55 -$12.11 -$7.56
Financing activities
Dividends paid
Sale and purchase of stock -$0 -$6.87 $6.87 $606.24
Net borrowings -$6.94 $96.83
Total cash flows from financing -$3.99 -$6.95 $5.56 $787.34
Effect of exchange rate
Change in cash and equivalents -$147.25 -$78.36 -$60.5 $672.8
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income -$89.82 $1.16 -$0
Operating activities
Depreciation $7.76
Business acquisitions & disposals
Stock-based compensation $84.28
Total cash flows from operations -$107.05 -$2.13
Investing activities
Capital expenditures -$7.56
Investments -$301.81
Total cash flows from investing -$7.56 -$301.81
Financing activities
Dividends paid
Sale and purchase of stock $606.24 $300.15 $0.03
Net borrowings $97.02 -$0.09 $0.09
Total cash flows from financing $787.53 $305.07 $0.01
Effect of exchange rate
Change in cash and equivalents $672.91 $1.12 $0.01
Fundamentals
Market cap $2.43B
Enterprise value $2.03B
Shares outstanding 238.63M
Revenue $2.55M
EBITDA -$273.16M
EBIT -$288.00M
Net Income -$298.40M
Revenue Q/Q -100.00%
Revenue Y/Y 99.80K%
P/E ratio -8.15
EV/Sales 796.62
EV/EBITDA -7.43
EV/EBIT -7.05
P/S ratio 954.54
P/B ratio 5.27
Book/Share 1.93
Cash/Share 1.74
EPS -$1.25
ROA -42.67%
ROE -55.08%
Debt/Equity 0.32
Net debt/EBITDA 0.96
Current ratio 4.04
Quick ratio 4.04