EV Technology Group Ltd.
EV Technology Group Ltd. engages in the developing and commercializing of electric vehicle technologies. It deals in, distributes, and rents MOKE electric vehicles. The company is headquartered in Toronto, Canada.
EV Technology Group Ltd. (EVTGF) - Net Assets
Latest net assets as of September 2023: $-1.10 Million USD
Based on the latest financial reports, EV Technology Group Ltd. (EVTGF) has net assets worth $-1.10 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.30 Million) and total liabilities ($6.40 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.10 Million |
| % of Total Assets | -20.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
EV Technology Group Ltd. - Net Assets Trend (2019–2022)
This chart illustrates how EV Technology Group Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for EV Technology Group Ltd. (2019–2022)
The table below shows the annual net assets of EV Technology Group Ltd. from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $10.77 Million | -13.92% |
| 2021-12-31 | $12.51 Million | +923.32% |
| 2020-12-31 | $-1.52 Million | -0.70% |
| 2019-12-31 | $-1.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to EV Technology Group Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1697289700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.40 Million | 254.56% |
| Other Comprehensive Income | $-354.57K | -3.29% |
| Other Components | $4.97 Million | 46.18% |
| Total Equity | $10.77 Million | 100.00% |
EV Technology Group Ltd. Competitors by Market Cap
The table below lists competitors of EV Technology Group Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONSOL ENERGY - Dusseldorf Stock Exchang
DU:CGD
|
$353.37K |
|
GelStat Corp
PINK:GSAC
|
$353.51K |
|
SHINKO EL IND
MU:SKS
|
$353.56K |
|
2G ENERGY
BE:2GB
|
$353.89K |
|
KAJIMA
MU:KAJ
|
$352.12K |
|
IMPERIAL TOBACCO
MU:ITB
|
$351.96K |
|
Zaram Technology Inc.
KO:389020
|
$351.65K |
|
Svitzer Group A/S
CO:SVITZR
|
$351.57K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EV Technology Group Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 12,506,189 to 10,765,682, a change of -1,740,507 (-13.9%).
- Net loss of 20,987,964 reduced equity.
- New share issuances of 5,195,855 increased equity.
- Other comprehensive income decreased equity by 1,924,567.
- Other factors increased equity by 15,976,169.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-20.99 Million | -194.95% |
| Share Issuances | $5.20 Million | +48.26% |
| Other Comprehensive Income | $-1.92 Million | -17.88% |
| Other Changes | $15.98 Million | +148.4% |
| Total Change | $- | -13.92% |
Book Value vs Market Value Analysis
This analysis compares EV Technology Group Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.04x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.20 | $0.00 | x |
| 2020-12-31 | $-0.20 | $0.00 | x |
| 2021-12-31 | $1.62 | $0.00 | x |
| 2022-12-31 | $0.11 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EV Technology Group Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -194.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -235132.92%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.26x
- Recent ROE (-194.95%) is below the historical average (-49.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-451.27K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $111.67K |
| 2021 | -4.03% | 0.00% | 0.00x | 1.00x | $-1.76 Million |
| 2022 | -194.95% | -235132.92% | 0.00x | 1.26x | $-22.06 Million |
Industry Comparison
This section compares EV Technology Group Ltd.'s net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EV Technology Group Ltd. (EVTGF) | $-1.10 Million | 0.00% | N/A | $352.43K |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |