Financial Contrast: Electrameccanica Vehicles (SOLO) versus Its Peers

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

Analyst Ratings

This is a summary of current ratings and price targets for Electrameccanica Vehicles and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrameccanica Vehicles 0 1 1 0 2.50
Electrameccanica Vehicles Competitors 692 1740 1928 126 2.33

Electrameccanica Vehicles currently has a consensus price target of $6.00, suggesting a potential upside of 96.72%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 11.66%. Given Electrameccanica Vehicles’ stronger consensus rating and higher possible upside, equities analysts plainly believe Electrameccanica Vehicles is more favorable than its peers.

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 -3,920.55% -98.03% -64.96%
Electrameccanica Vehicles Competitors -159.25% 8.28% 1.62%

Earnings & Valuation

This table compares Electrameccanica Vehicles and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Electrameccanica Vehicles $600,000.00 -$7.74 million -7.82
Electrameccanica Vehicles Competitors $66.07 billion $3.34 billion 7.03

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.

Risk and Volatility

Electrameccanica Vehicles has a beta of 1.61, meaning that its share price is 61% more volatile than the S&P 500. Comparatively, Electrameccanica Vehicles’ peers have a beta of 1.36, meaning that their average share price is 36% more volatile than the S&P 500.

Insider & Institutional Ownership

2.9% of Electrameccanica Vehicles shares are owned by institutional investors. Comparatively, 59.6% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 7.4% of shares of all “Motor vehicles & car bodies” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

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

Electrameccanica Vehicles Company Profile

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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