Company Overview
Gogoro Inc. is a manufacturer and distributor based in Taiwan, India, and internationally that specializes in the research, development, manufacture, sale, and distribution of electric scooters, bikes, and enabling components, while also offering consulting services and battery swapping solutions. The company operates within the Consumer Cyclical sector and the Auto Manufacturers industry, positioning it as an entity subject to economic cycles and consumer spending patterns regarding personal transportation. With a market capitalization of $50.82M and annual revenue of $281.48M, the firm presents a specific scale within the electric mobility market, though the employee count is not publicly disclosed in available records. The relatively modest market cap combined with a revenue figure of $281.48M suggests that the company is a smaller-cap player or is in a phase of significant capital expenditure relative to its current equity valuation, indicating a position where market capitalization has not yet fully scaled to match its top-line revenue generation.
Financial Health
The company reported revenue of $281.48M over the trailing twelve months, yet this top-line activity resulted in a net income of -$80,804,000, revealing a substantial gap that highlights a cost structure where operating expenses and losses significantly outpace gross profits. Despite generating $281.48M in revenue, the entity recorded an EBITDA of $16.71M, suggesting that while operational cash earnings before interest, taxes, depreciation, and amortization are positive, other non-operating costs or one-time charges drive the net loss. The free cash flow stands at -$30,381,000, indicating that capital expenditures and working capital requirements exceed operating cash generation, which limits the company's immediate financial flexibility for organic expansion without external financing. Margin analysis shows a gross margin of 8.3%, an operating margin of -27.1%, and a profit margin of -28.7%, illustrating that while the cost of goods sold is manageable, overhead costs and losses are severe enough to erode gross profits into significant operating and net losses. On the balance sheet, the company holds $70.57M in cash against $386.33M in debt, resulting in a debt-to-equity ratio of 359.70, which characterizes the capital structure as highly leveraged and reliant on equity financing or dilution to meet obligations. The current ratio of 0.77 further underscores liquidity constraints, as current assets are insufficient to cover current liabilities without liquidating non-current assets or raising new capital. Return on Equity is -56.9% and Return on Assets is -7.1%, metrics that demonstrate management is currently generating negative returns on the capital invested by shareholders and the asset base, reflecting the high cost of doing business in this sector.
Valuation Assessment
The trailing P/E ratio is not available due to negative earnings, while the forward P/E is listed at -10.75, a negative figure that implies the market is pricing in a continuation of expected losses rather than near-term profitability. The price-to-book ratio of 0.47 indicates that the market values the company at less than half of its book value, suggesting a deep discount relative to the net asset value or reflecting significant concerns about future earnings potential. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.18 and an EV/EBITDA of 21.93, indicating that the stock trades at a fraction of its sales while the enterprise value relative to earnings before interest, taxes, depreciation, and amortization remains elevated despite current losses. The 52-week price range spans from a low of $2.72 to a high of $8.68, and without a specific current price listed in the facts, the valuation context remains anchored to this historical volatility band. The beta of 0.97 suggests that the stock's price volatility moves in tandem with the broader market, lacking significant defensive characteristics or aggressive leverage that would cause it to deviate substantially from market movements.
Growth & Income
Revenue growth over the last year was 1.7%, while earnings growth is not available due to the negative net income position, implying that the company is prioritizing market share expansion or infrastructure development over immediate profit growth. As the company does not pay a dividend, the dividend yield is N/A and the payout ratio is 0.0%, meaning all available earnings are theoretically retained to fund operations and growth rather than being distributed to shareholders. This absence of dividend payments aligns with the high debt load and negative free cash flow, as the firm must reinvest all generated cash or raise capital to sustain its operations and reduce leverage. The overall growth and income profile is characterized by modest top-line expansion coupled with a complete lack of income distribution, reflecting a capital-intensive business model focused on long-term infrastructure build-out rather than short-term shareholder returns.