Présentation de l'entreprise
EVgo, Inc. owns and operates a direct current fast charging network for electric vehicles throughout the United States, offering electricity directly to drivers while also providing charging solutions to original equipment manufacturers and commercial entities. The company functions within the Consumer Cyclical sector and specifically within the Specialty Retail industry, a positioning that suggests its performance is highly sensitive to consumer spending patterns and the adoption rates of electric vehicle technology. With a market capitalization of $598.94M and a reported annual revenue of $384.09M, the firm employs a workforce of 376 individuals to manage its extensive infrastructure. These valuation metrics indicate a mid-sized enterprise that has achieved significant revenue expansion but still operates with a relatively small employee base, suggesting a high-leverage model or intense capital expenditure requirements per employee. The disparity between its substantial revenue generation and its modest employee count highlights the capital-intensive nature of building and maintaining a nationwide charging network, where value is derived from physical assets rather than labor scaling alone.
Santé financière
The company reported revenue of $384.09M over the trailing twelve months, yet this top-line activity resulted in a net income of -$41,351,000 and an EBITDA of -$29,850,000. The significant negative variance between the $384.09M revenue and the -$41.35M net income reveals a cost structure where operating expenses and taxes heavily outweigh gross profits, preventing the realization of bottom-line profitability despite strong sales volume. Free cash flow stands at -$117,072,624, which indicates a substantial cash burn rate that limits the company's immediate financial flexibility and suggests a heavy reliance on external capital sources to fund operations and network expansion. Regarding profitability efficiency, the gross margin is 40.8%, while the operating margin is -6.5% and the profit margin is -10.8%; these figures collectively indicate that while the core charging services generate healthy gross returns, fixed costs and operating leverage are currently suppressing overall profitability. On the balance sheet, the company holds $151.00M in cash against $311.21M in total debt, resulting in a debt-to-equity ratio of 80.64, which characterizes the balance sheet as highly leveraged rather than conservative. Liquidity is supported by a current ratio of 2.19, indicating that the company possesses more than double the current assets necessary to cover its short-term liabilities, providing a buffer for its aggressive capital structure. Furthermore, the return on equity is -23.0% and the return on assets is -7.0%, metrics that reveal management has yet to generate returns on its capital base, a common characteristic for infrastructure-heavy growth firms but one that signals a lack of immediate operational efficiency.
Évaluation de la valorisation
The trailing P/E ratio is listed as N/A due to negative earnings, while the forward P/E is -5.54; this negative forward multiple implies that the market is pricing in continued earnings losses rather than an immediate recovery trajectory. The price-to-book ratio is -2.21, which indicates that the market values the company at a negative multiple of its book value, reflecting the current liabilities exceeding the shareholders' equity in the accounting records. Alternative valuation metrics such as the price-to-sales ratio of 1.56 and the EV/EBITDA of -31.19 suggest that the stock is being valued primarily on its revenue generation potential and asset base rather than earnings power, as the negative EV/EBITDA underscores the lack of current earnings generation. The stock has traded between a 52-week high of $5.18 and a 52-week low of $1.64, meaning the current price sits within this established volatility range, though the specific current price is not provided in the available facts to calculate a precise percentage deviation. The beta of 2.80 indicates that the stock exhibits high price volatility, moving nearly three times as much as the broader market, which amplifies both potential gains and losses for investors holding this speculative asset.
Growth & Income
Revenue growth is impressive at 75.5% year-over-year, whereas earnings growth is listed as N/A; this divergence implies that the company is prioritizing rapid network expansion and revenue capture over immediate profitability, a strategy that often leads to significant short-term losses. As a non-dividend payer, EVgo reports a dividend yield of N/A and a payout ratio of 0.0%, confirming that the company reinvests all available cash flow back into the business to fund capital expenditures and market penetration rather than distributing income to shareholders. The absence of a dividend payout is consistent with the company's negative free cash flow and negative net income, as there are no earnings available to distribute to investors. The overall growth and income profile is characterized by exceptional revenue acceleration and zero income distribution, positioning the company as a pure-play growth vehicle that relies entirely on future operational leverage to eventually convert its massive cash burn into positive earnings.