Analyzing Electrameccanica Vehicles (SOLO) & Its Rivals

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Electrameccanica Vehicles (NASDAQ: SOLO) is one of 37 publicly-traded companies in the “Motor vehicles & car bodies” industry, but how does it compare to its peers? We will compare Electrameccanica Vehicles to similar businesses based on the strength of its dividends, institutional ownership, valuation, analyst recommendations, profitability, risk and earnings.

Institutional & Insider Ownership

3.4% of Electrameccanica Vehicles shares are held by institutional investors. Comparatively, 55.9% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 7.8% of shares of all “Motor vehicles & car bodies” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Risk and Volatility

Electrameccanica Vehicles has a beta of 1.8, suggesting that its stock price is 80% more volatile than the S&P 500. Comparatively, Electrameccanica Vehicles’ peers have a beta of 1.31, suggesting that their average stock price is 31% more volatile than the S&P 500.

Profitability

This table compares Electrameccanica Vehicles and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Electrameccanica Vehicles -1,293.82% -100.26% -72.74%
Electrameccanica Vehicles Competitors -52.16% 8.63% 1.32%

Analyst Ratings

This is a summary of recent recommendations and price targets for Electrameccanica Vehicles and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrameccanica Vehicles 0 1 1 0 2.50
Electrameccanica Vehicles Competitors 670 1706 1915 125 2.34

Electrameccanica Vehicles currently has a consensus price target of $6.00, suggesting a potential upside of 79.10%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 8.45%. Given Electrameccanica Vehicles’ stronger consensus rating and higher probable upside, equities analysts plainly believe Electrameccanica Vehicles is more favorable than its peers.

Earnings & Valuation

This table compares Electrameccanica Vehicles and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Electrameccanica Vehicles $600,000.00 -$7.74 million -8.59
Electrameccanica Vehicles Competitors $65.61 billion $3.33 billion 7.02

Electrameccanica Vehicles’ peers have higher revenue and earnings than Electrameccanica Vehicles. Electrameccanica Vehicles is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Electrameccanica Vehicles peers beat Electrameccanica Vehicles on 9 of the 13 factors compared.

About Electrameccanica Vehicles

Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles. The company sells its vehicles online through electrameccanica.com Website. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

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