Lightning eMotors Inc.
Lightning eMotors, Inc. designs, manufactures, and sells zero-emission commercial fleet vehicles and powertrains to commercial fleets, large enterprises, original equipment manufacturers, and governments in the United States. It offers zero-emission class 3 to 7 commercial electric and fuel cell vehicles. The company's vehicles comprise cargo and passenger vehicles, school buses, ambulances, shut… Read more
Lightning eMotors Inc. (ZEVY) - Net Assets
Latest net assets as of September 2023: $-24.61 Million USD
Based on the latest financial reports, Lightning eMotors Inc. (ZEVY) has net assets worth $-24.61 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 ($55.70 Million) and total liabilities ($80.30 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 | $-24.61 Million |
| % of Total Assets | -44.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Lightning eMotors Inc. - Net Assets Trend (2019–2022)
This chart illustrates how Lightning eMotors Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lightning eMotors Inc. (2019–2022)
The table below shows the annual net assets of Lightning eMotors Inc. from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $54.56 Million | +116.40% |
| 2021-12-31 | $25.21 Million | +136.03% |
| 2020-12-31 | $-69.97 Million | -86.02% |
| 2019-12-31 | $-37.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lightning eMotors Inc.'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 12323000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | 0.02% |
| Other Components | $220.94 Million | 404.97% |
| Total Equity | $54.56 Million | 100.00% |
Lightning eMotors Inc. Competitors by Market Cap
The table below lists competitors of Lightning eMotors Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jahangir Siddiqui & Company Ltd
KAR:JSCL
|
$650.00 |
|
Soneri Bank Ltd
KAR:SNBL
|
$650.58 |
|
MADISON FINANCIAL SERVICES PLC
LUSE:MAFS
|
$650.72 |
|
LPA Group
LSE:LPA
|
$651.11 |
|
PAION (PA8.SG)
STU:PA8
|
$649.39 |
|
WSRIF
PINK:WSRIF
|
$647.71 |
|
Aiton
WAR:AIT
|
$647.71 |
|
AV CONCEPT HOLD
BE:CPE
|
$647.56 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lightning eMotors Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 25,212,000 to 54,558,000, a change of 29,346,000 (116.4%).
- Net income of 15,170,000 contributed positively to equity growth.
- Other factors increased equity by 14,176,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.17 Million | +27.81% |
| Other Changes | $14.18 Million | +25.98% |
| Total Change | $- | 116.40% |
Book Value vs Market Value Analysis
This analysis compares Lightning eMotors Inc.'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: 0.00x
- 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 | $-10.27 | $0.00 | x |
| 2020-12-31 | $-7.29 | $0.00 | x |
| 2021-12-31 | $8.37 | $0.00 | x |
| 2022-12-31 | $12.75 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lightning eMotors Inc. 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): 27.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.14%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.63x
- Recent ROE (27.81%) is above the historical average (-92.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -306.26% | 0.32x | 0.00x | $-5.93 Million |
| 2020 | 0.00% | -414.32% | 0.37x | 0.00x | $-34.98 Million |
| 2021 | -399.69% | -480.04% | 0.10x | 8.46x | $-103.29 Million |
| 2022 | 27.81% | 62.14% | 0.17x | 2.63x | $9.71 Million |
Industry Comparison
This section compares Lightning eMotors Inc.'s net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $405,749,501
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lightning eMotors Inc. (ZEVY) | $-24.61 Million | 0.00% | N/A | $649.73 |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $483.70 Million |
| AGCO Corporation (AGCO) | $3.10 Billion | 6.02% | 1.58x | $7.13 Billion |
| Agrify Corp (AGFY) | $-9.27 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.78 Million | 17.74% | 0.30x | $363.58 Million |
| Alamo Group Inc (ALG) | $106.91 Million | 3.85% | 0.51x | $1.99 Billion |
| AmeraMex International Inc (AMMX) | $-557.03K | 0.00% | 0.00x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $12.09 Million | 2.54% | 0.76x | $4.69 Million |
| Astec Industries Inc (ASTE) | $193.89 Million | -2.43% | 1.15x | $1.20 Billion |
| Austin Engineering Limited (AUSTF) | $119.42 Million | -41.40% | 1.27x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $63.76 Million | 20.96% | 1.45x | $1.51 Million |