Analyzing Vicinity Motor (VEV) and Its Rivals

Vicinity Motor (NASDAQ:VEVGet Rating) is one of 63 public companies in the “Motor vehicles & car bodies” industry, but how does it weigh in compared to its peers? We will compare Vicinity Motor to similar businesses based on the strength of its valuation, dividends, risk, analyst recommendations, earnings, profitability and institutional ownership.

Valuation and Earnings

This table compares Vicinity Motor and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Vicinity Motor $41.71 million -$7.32 million -4.33
Vicinity Motor Competitors $44.91 billion $3.11 billion 71.54

Vicinity Motor’s peers have higher revenue and earnings than Vicinity Motor. Vicinity Motor 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.

Profitability

This table compares Vicinity Motor and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Vicinity Motor -50.44% -36.45% -24.50%
Vicinity Motor Competitors -12,601.68% -7.44% -1.32%

Institutional and Insider Ownership

0.5% of Vicinity Motor shares are held by institutional investors. Comparatively, 52.7% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 9.5% of shares of all “Motor vehicles & car bodies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Vicinity Motor and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Vicinity Motor 0 0 0 0 N/A
Vicinity Motor Competitors 1069 2616 3020 164 2.33

As a group, “Motor vehicles & car bodies” companies have a potential upside of 53.76%. Given Vicinity Motor’s peers higher possible upside, analysts clearly believe Vicinity Motor has less favorable growth aspects than its peers.

Summary

Vicinity Motor peers beat Vicinity Motor on 8 of the 9 factors compared.

Vicinity Motor Company Profile (Get Rating)

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. Vicinity Motor Corp. founded in 2008 and is headquartered in Aldergrove, Canada.

Want More Great Investing Ideas?

Receive News & Ratings for Vicinity Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicinity Motor and related companies with MarketBeat.com's FREE daily email newsletter.