Electrameccanica Vehicles (NASDAQ: SOLO) is one of 37 publicly-traded companies in the “Motor vehicles & car bodies” industry, but how does it compare to its competitors? We will compare Electrameccanica Vehicles to similar companies based on the strength of its dividends, risk, analyst recommendations, earnings, profitability, valuation and institutional ownership.
Earnings and Valuation
This table compares Electrameccanica Vehicles and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Electrameccanica Vehicles||$600,000.00||-$7.74 million||-8.77|
|Electrameccanica Vehicles Competitors||$65.61 billion||$3.34 billion||7.26|
Electrameccanica Vehicles’ competitors have higher revenue and earnings than Electrameccanica Vehicles. Electrameccanica Vehicles is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Risk and Volatility
Electrameccanica Vehicles has a beta of 1.8, suggesting that its share price is 80% more volatile than the S&P 500. Comparatively, Electrameccanica Vehicles’ competitors have a beta of 1.31, suggesting that their average share price is 31% more volatile than the S&P 500.
This table compares Electrameccanica Vehicles and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Electrameccanica Vehicles Competitors||-49.78%||8.73%||1.38%|
Institutional and Insider Ownership
3.4% of Electrameccanica Vehicles shares are owned by institutional investors. Comparatively, 55.9% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 7.8% of shares of all “Motor vehicles & car bodies” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
This is a breakdown of recent ratings and price targets for Electrameccanica Vehicles and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Electrameccanica Vehicles Competitors||675||1707||1917||125||2.34|
Electrameccanica Vehicles currently has a consensus target price of $6.00, indicating a potential upside of 75.44%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 6.49%. Given Electrameccanica Vehicles’ stronger consensus rating and higher possible upside, analysts plainly believe Electrameccanica Vehicles is more favorable than its competitors.
Electrameccanica Vehicles competitors beat Electrameccanica Vehicles on 9 of the 13 factors compared.
About Electrameccanica Vehicles
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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