Vicinity Financials

VEV Stock  USD 0  0.0001  5.00%   
Based on the key measurements obtained from Vicinity's financial statements, Vicinity Motor Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Vicinity's Liabilities And Stockholders Equity is fairly stable compared to the past year. Non Current Liabilities Total is likely to climb to about 10 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 13.8 M in 2024. Key indicators impacting Vicinity's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio0.670.7085
Notably Down
Very volatile
The essential information of the day-to-day investment outlook for Vicinity includes many different criteria found on its balance sheet. An individual investor should monitor Vicinity's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Vicinity.

Net Income

(15.8 Million)

  
Understanding current and past Vicinity Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Vicinity's financial statements are interrelated, with each one affecting the others. For example, an increase in Vicinity's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Vicinity's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Vicinity Motor Corp. Check Vicinity's Beneish M Score to see the likelihood of Vicinity's management manipulating its earnings.

Vicinity Stock Summary

Vicinity competes with Blue Bird, AYRO, BAIC MotorLimited, Guangzhou Automobile, and Faraday Future. 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. Vicinity Motor Corp. founded in 2008 and is headquartered in Aldergrove, Canada. Vicinity Mtr operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 60 people.
Specialization
Consumer Discretionary, Automobiles & Components
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA9256541058
Business Address3168, 262nd Street,
SectorAutomobile Components
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitevicinitymotorcorp.com
Phone604 607 4000
CurrencyUSD - US Dollar

Vicinity Key Financial Ratios

Vicinity Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets28.3M36.9M54.0M55.0M74.2M77.9M
Other Current Liab7.1M10.7M134K2.8M1.2M1.2M
Net Debt5.6M5.7M2.7M5.6M25.1M26.3M
Retained Earnings(17.5M)(21.4M)(29.7M)(47.6M)(64.3M)(61.1M)
Cash579.7K1.0M4.4M1.6M2.0M1.6M
Net Receivables7.0M2.0M2.8M2.7M5.6M4.1M
Inventory14.8M25.6M9.4M10.1M23.3M24.4M
Other Current Assets1.2M2.2M4.2M3.8M9.7M10.2M
Total Liab15.5M19.3M19.7M18.2M53.0M55.6M
Total Current Assets23.6M32.0M20.8M18.1M40.6M42.7M
Short Term Debt6.2M6.7M7.1M7.2M27.1M28.4M
Intangible Assets1.2M1.7M22.4M14.3M9.8M7.2M
Other Liab1.8M1.2M256K255K229.5K218.0K
Net Tangible Assets19.2M15.1M20.2M11.9M10.7M13.0M
Net Invested Capital24.7M30.9M41.4M44.0M48.3M38.3M
Short Long Term Debt8.0M8.6M7.1M7.2M27.1M28.4M
Net Working Capital12.2M16.7M1.4M1.6M(2.9M)(2.7M)
Common Stock28.4M36.4M58.1M76.0M76.8M52.8M
Capital Stock28.4M36.4M58.1M76.0M76.8M55.4M

Vicinity Key Income Statement Accounts

The reason investors look at the income statement is to determine what Vicinity's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense536.9K572.5K716K2.3M5.0M5.3M
Operating Income(3.2M)(3.4M)(5.8M)(13.0M)(9.4M)(8.9M)
Ebit(3.2M)(2.6M)(6.1M)(15.5M)(11.6M)(11.0M)
Ebitda(2.4M)(1.9M)(4.9M)(12.5M)(10.2M)(9.7M)
Income Before Tax(3.8M)(3.4M)(6.9M)(17.7M)(16.6M)(15.8M)
Net Income(3.8M)(3.5M)(7.3M)(17.9M)(16.6M)(15.8M)
Income Tax Expense45.0K76.9K464K202K5.0M5.3M
Total Revenue18.9M20.4M41.7M18.5M19.1M22.9M
Gross Profit3.3M2.6M4.2M440K2.1M2.7M
Cost Of Revenue15.5M17.8M37.5M18.0M16.9M20.2M
Net Interest Income(701.4K)(730K)(716K)(2.3M)(5.0M)(4.8M)

Vicinity Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(1.5M)412.5K3.4M(2.8M)404K424.2K
Free Cash Flow(3.3M)(7.1M)(20.5M)(20.8M)(27.1M)(25.7M)
Depreciation776.0K774.0K1.2M3.0M1.4M1.5M
Other Non Cash Items536.9K572.5K716K3.5M5.0M5.3M
Capital Expenditures363.3K1.1M24.1M11.8M2.4M3.2M
Net Income(3.8M)(3.5M)(7.3M)(17.9M)(16.6M)(15.8M)
End Period Cash Flow579.7K1.0M4.4M1.6M2.0M1.3M
Change To Inventory(2.5M)(10.4M)14.1M(1.2M)(12.8M)(12.1M)
Investments(175.0K)(1.1M)(23.1M)(10.7M)(1.9M)(2.0M)
Net Borrowings(5.6M)1.9M888K1.1M963.9K571.7K
Change To Netincome1.8M1.1M1.3M2.3M2.6M1.6M

Vicinity Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Vicinity's current stock value. Our valuation model uses many indicators to compare Vicinity value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Vicinity competition to find correlations between indicators driving Vicinity's intrinsic value. More Info.
Vicinity Motor Corp is rated below average in return on equity category among its peers. It is rated first in return on asset category among its peers . At this time, Vicinity's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Vicinity by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Vicinity Motor Corp Systematic Risk

Vicinity's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Vicinity volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Vicinity Motor Corp correlated with the market. If Beta is less than 0 Vicinity generally moves in the opposite direction as compared to the market. If Vicinity Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Vicinity Motor Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Vicinity is generally in the same direction as the market. If Beta > 1 Vicinity moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Vicinity Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Vicinity's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Vicinity growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.23)

At this time, Vicinity's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Vicinity November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Vicinity help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Vicinity Motor Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Vicinity Motor Corp based on widely used predictive technical indicators. In general, we focus on analyzing Vicinity Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Vicinity's daily price indicators and compare them against related drivers.

Additional Tools for Vicinity Stock Analysis

When running Vicinity's price analysis, check to measure Vicinity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.