Analyzing Vicinity Motor (VEV) & The Competition

Vicinity Motor (NASDAQ:VEVGet Rating) is one of 64 publicly-traded companies in the “Motor vehicles & car bodies” industry, but how does it compare to its rivals? We will compare Vicinity Motor to similar companies based on the strength of its valuation, profitability, risk, earnings, dividends, institutional ownership and analyst recommendations.

Valuation & Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
Vicinity Motor $41.71 million -$7.32 million -4.36
Vicinity Motor Competitors $44.91 billion $3.11 billion 78.14

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

Institutional & Insider Ownership

0.5% of Vicinity Motor shares are held by institutional investors. Comparatively, 53.8% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 10.1% of shares of all “Motor vehicles & car bodies” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Vicinity Motor and its rivals’ 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% -7.58% -1.39%

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Vicinity Motor and its rivals, 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 1071 2631 3036 165 2.33

As a group, “Motor vehicles & car bodies” companies have a potential upside of 42.81%. Given Vicinity Motor’s rivals higher probable upside, analysts plainly believe Vicinity Motor has less favorable growth aspects than its rivals.

Summary

Vicinity Motor rivals 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.

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