The Lion Electric Company
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories. The company was incorporated in 2008 and is based in Saint-Jérôme, Canada.
The Lion Electric Company (LEVWQ) - Net Assets
Latest net assets as of September 2024: $280.44 Million USD
Based on the latest financial reports, The Lion Electric Company (LEVWQ) has net assets worth $280.44 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($780.20 Million) and total liabilities ($499.77 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 | $280.44 Million |
| % of Total Assets | 35.94% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.23 |
The Lion Electric Company - Net Assets Trend (2020–2023)
This chart illustrates how The Lion Electric Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Lion Electric Company (2020–2023)
The table below shows the annual net assets of The Lion Electric Company from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $358.91 Million | -17.89% |
| 2022-12-31 | $437.12 Million | +18.56% |
| 2021-12-31 | $368.68 Million | +485.55% |
| 2020-12-31 | $-95.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Lion Electric Company'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 12931569100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $614.66 Million | 171.26% |
| Total Equity | $358.91 Million | 100.00% |
The Lion Electric Company Competitors by Market Cap
The table below lists competitors of The Lion Electric Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DOMINION LENDING C. O.N.
F:B6M
|
$184.19 Million |
|
Solbar Ningbo Protein Technology Co., Ltd.
SHG:603231
|
$184.20 Million |
|
I-PEX Inc.
OTCGREY:DAIKF
|
$184.21 Million |
|
NEXCOM International Co Ltd
TWO:8234
|
$184.25 Million |
|
295310
KQ:295310
|
$184.11 Million |
|
TOA PAINT (THAILAND)
BK:TOA-R
|
$184.08 Million |
|
Dominion Lending Centres Inc
PINK:BRLGF
|
$184.06 Million |
|
CK Power Public Company Limited
BK:CKP-R
|
$184.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Lion Electric Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 437,116,773 to 358,913,991, a change of -78,202,782 (-17.9%).
- Net loss of 103,766,137 reduced equity.
- New share issuances of 12,756,241 increased equity.
- Other factors increased equity by 12,807,114.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-103.77 Million | -28.91% |
| Share Issuances | $12.76 Million | +3.55% |
| Other Changes | $12.81 Million | +3.57% |
| Total Change | $- | -17.89% |
Book Value vs Market Value Analysis
This analysis compares The Lion Electric Company'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: 0.58x
- 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 |
|---|---|---|---|
| 2020-12-31 | $-2.39 | $0.92 | x |
| 2021-12-31 | $1.94 | $0.92 | x |
| 2022-12-31 | $2.00 | $0.92 | x |
| 2023-12-31 | $1.59 | $0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Lion Electric Company 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): -28.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.93%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.34x
- Recent ROE (-28.91%) is below the historical average (-9.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -415.63% | 0.18x | 0.00x | $-87.79 Million |
| 2021 | -11.75% | -75.07% | 0.10x | 1.60x | $-80.19 Million |
| 2022 | 4.07% | 12.70% | 0.20x | 1.63x | $-25.94 Million |
| 2023 | -28.91% | -40.93% | 0.30x | 2.34x | $-139.66 Million |
Industry Comparison
This section compares The Lion Electric Company's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Lion Electric Company (LEVWQ) | $280.44 Million | 0.00% | 1.78x | $184.18 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |