Microvast Holdings, Inc. Financial Ratios — MVST Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-24.34	-18.07	-41.06	-7.32
Return on Assets (%)	- -	- -	-30.86	-15.98	-10.22	-19.08	-2.99
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-0.3	15.94	-28.12	4.44	18.66	31.48	28.56
EBITDA Margin (%)	-50.34	-11.45	-114.06	-68.26	-27.33	-22.45	9.38
Operating Margin (%)	-70.47	-27.07	-127.69	-77.34	-34.64	-6.03	2.6
Incremental Operating Margin (%)	- -	79.64	- -	68.39	50.84	113.83	71.34
Pretax Margin (%)	-77.81	-31.27	-135.87	-77.35	-34.7	-51.46	-8.08
Profit Margin (%)	-94.97	-46.09	-142.13	-77.36	-34.68	-51.46	-6.83
Net Income to Common Margin (%)	-94.97	-46.09	-142.13	-77.36	-34.68	-51.46	-6.83
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-24.34	-18.07	-41.06	-7.32

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	151	147	175	205	329	384
ST Debt	- -	78	74	88	101	125	315
LT Debt	- -	73	73	87	104	203	69
Total Debt/EBITDA	- -	-12.26	-0.85	-1.25	-2.45	-3.86	9.58
Net Debt/EBITDA	- -	-10.52	1.92	0.52	-1.68	-2.79	6.54
Total Debt/EBIT	- -	-5.19	-0.76	-1.09	-1.92	-2.83	55.06
Net Debt/EBIT	- -	-4.45	1.72	0.45	-1.32	-2.05	37.56
EBITDA to Interest Expense	-6.06	-2.15	-32.04	-42	-31.89	-8.78	8.18
EBITDA-CapEx/Interest Expense	-9.25	-5.4	-48.27	-87.41	-102.96	-11.63	4.14
EBIT to Interest Expense	-8.48	-5.07	-35.86	-47.59	-40.42	-2.36	2.27
Interest Expense	6	6	5	3	3	10	5
Common Equity/Total Assets	- -	-95.08	68.99	62.23	51.44	40.75	40.83
Long-Term Debt/Equity (%)	- -	- -	10.65	14.23	18.43	52.44	16.9
Long-Term Debt/Capital (%)	- -	-51.24	8.77	11.07	13.52	28.38	8.73
Long-Term Debt/Total Assets (%)	- -	18.08	7.35	8.86	9.48	21.37	6.9
Total Debt/Equity (%)	- -	-51.41	21.47	28.55	36.37	84.79	93.66
Total Debt/Capital (%)	- -	-105.8	17.67	22.21	26.67	45.88	48.36
Total Debt/Total Assets (%)	- -	37.34	14.81	17.77	18.71	34.55	38.24
Net Debt to Equity	- -	-44.09	-48.57	-11.86	25.02	61.42	63.89
Net Debt/Capital (%)	- -	-78.86	-94.44	-13.06	19.47	37.01	38.01
EBITDA	-38	-12	-173	-140	-84	-85	40
EBITDA-CapEx	-59	-31	-261	-290	-271	-113	20
Operating Income (Loss)	-54	-29	-194	-158	-106	-23	11

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.12	2.74	1.02	0.12	0.22	0.21
Current Ratio	- -	1.03	4.02	2.16	1.06	1.3	0.92
Quick Ratio	- -	0.66	3.33	1.51	0.56	0.66	0.56
CFO/Avg Current Liab	- -	- -	-0.25	-0.25	-0.23	0.01	0.19
Common Equity/Total Assets	- -	-95.08	68.99	62.23	51.44	40.75	40.83
Long-Term Debt/Equity (%)	- -	- -	10.65	14.23	18.43	52.44	16.9
Long-Term Debt/Capital (%)	- -	-51.24	8.77	11.07	13.52	28.38	8.73
Long-Term Debt/Total Assets (%)	- -	18.08	7.35	8.86	9.48	21.37	6.9
Total Debt/Equity (%)	- -	-51.41	21.47	28.55	36.37	84.79	93.66
Total Debt/Capital (%)	- -	-105.8	17.67	22.21	26.67	45.88	48.36
Total Debt/Total Assets (%)	- -	37.34	14.81	17.77	18.71	34.55	38.24
CFO/Total Liabilities	- -	2.23	-14.59	-14.5	-14.14	0.5	12.76
CFO/CapEx	0.66	0.83	-0.51	-0.36	-0.4	0.1	3.83
Altman's Z-Score	- -	3.03	2.54	-0.35	-0.68	-0.47	-0.23

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	1.84	1.97	2.38	2.93	3.09
Days Sales Outstanding	- -	- -	198.16	185.65	153.58	124.62	117.99
Inventory Turnover	- -	- -	3.96	2.84	2.13	1.78	2.62
Days Inventory Outstanding	- -	- -	92.22	128.57	171.24	205.52	139.08
Accounts Payable Turnover	- -	- -	4.93	5.3	4	2.86	4.49
Accounts Payable Turnover Days	- -	- -	74.03	68.88	91.34	127.66	81.23
Cash Conversion Cycle	- -	- -	216.35	245.34	233.47	202.48	175.83
Inventory to Cash Days	- -	- -	105.94	57.07	-17.66	-80.9	-21.09
Inventories	- -	45	53	84	150	143	89
Raw Materials	- -	17	25	29	36	39	20
Work In Process	- -	22	21	49	86	85	42
Finished Goods	- -	5	7	6	28	19	28
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	353	5,139	1,691	471	441	669	929
- Cash & Cash Equivalents	- -	21	481	231	45	73	105
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	91	- -	- -	- -	- -	- -
+ Total Debt	- -	151	147	175	205	329	384
Enterprise Value	353	5,359	1,358	389	596	925	1,209
Total Capital	- -	-143	834	788	769	717	795
Total Debt/Capital (%)	- -	-105.8	17.67	22.21	26.67	45.88	48.36
Total Debt / EV	- -	0.03	0.11	0.45	0.34	0.36	0.32
EV/Sales	4.62	49.84	8.94	1.9	1.94	2.43	2.83
EV/EBITDA	- -	- -	- -	- -	- -	- -	30.13
EV/EBIT	- -	- -	- -	- -	- -	- -	173.07
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	2,993	5,139	1,052	464	435	659	909
Diluted Enterprise Value	2,993	5,359	719	383	590	915	1,189
EV per Share	9.96	17.83	4.54	1.27	1.89	2.86	3.64
TTM Sales	76	108	152	204	307	380	428
TTM EBITDA	-38	-12	-173	-140	-84	-85	40
TTM Operating Income	-54	-29	-194	-158	-106	-23	11
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	-434.48	-1,663.59	-7.92	-2.27	-1.66	-26.47	16.21
EV/EBIT	- -	- -	- -	- -	- -	- -	173.07
Enterprise Value	353	5,359	1,358	389	596	925	1,209
Low Price	9.71	9.16	5.51	1.38	0.84	0.15	1.09
EV/Sales	4.62	49.84	8.94	1.9	1.94	2.43	2.83
EV/EBITDA	- -	- -	- -	- -	- -	- -	30.13
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	-13.36	2.46	0.77	0.78	1.72	2.26
Price/Book Value Average	- -	-8.28	5.04	1.9	0.89	0.5	2.43
Price/Book Value High	- -	-16.35	10.97	4.79	1.62	2.38	5.75
Price/Book Value Low	- -	-7.16	2.4	0.69	0.47	0.13	0.88
Price/Tangible Book Value	- -	-12.82	2.52	0.79	0.8	1.79	2.34
Price/Tangible Book Value Average	- -	-7.95	5.16	1.95	0.91	0.52	2.52
Price/Tangible Book Value High	- -	-15.69	11.23	4.9	1.67	2.47	5.95
Price/Tangible Book Value Low	- -	-6.87	2.45	0.71	0.48	0.13	0.91
Price/Sales	39.16	47.8	6.92	2.27	1.42	1.74	2.13
Price/Sales Average	38.81	29.62	14.16	5.62	1.61	0.5	2.29
Price/Sales High	46.08	58.5	30.82	14.15	2.95	2.4	5.41
Price/Sales Low	38.18	25.6	6.73	2.05	0.85	0.13	0.83
Price/Cash Flow	223.85	330.34	-23.36	-8.6	-5.78	234.26	11.98
Price/Cash Flow Average	221.85	204.75	-47.76	-21.31	-6.57	68.03	12.88
Price/Cash Flow High	263.41	404.33	-104.01	-53.65	-12.01	323.67	30.46
Price/Cash Flow Low	218.23	176.96	-22.72	-7.76	-3.47	17.15	4.66
Price/Free Cash Flow Average	-430.59	-1,031.09	-16.19	-5.61	-1.89	-7.69	17.44
Price/Free Cash Flow High	-511.26	-2,036.19	-35.25	-14.13	-3.45	-36.57	41.23
Price/Free Cash Flow Low	-423.58	-891.14	-7.7	-2.04	-1	-1.94	6.31
EV/Sales Average	4.58	31.67	20.56	5.3	2.14	1.19	2.99
EV/Sales High	5.44	60.55	47.36	13.95	3.5	3.11	6.18
EV/Sales Low	4.51	27.65	8.63	1.68	1.37	0.8	1.5
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	31.88
EV/EBITDA High	- -	- -	- -	- -	- -	- -	65.86
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	15.98
EV/EBIT Average	- -	- -	- -	- -	- -	- -	183.12
EV/EBIT High	- -	- -	- -	- -	- -	- -	378.32
EV/EBIT Low	- -	- -	- -	- -	- -	- -	91.82
Last Price	9.96	17.1	5.66	1.53	1.4	2.07	2.8
High Price	11.72	20.93	25.2	9.54	2.91	2.86	7.12
Enterprise Value Average	350	3,405	3,125	1,084	656	450	1,279
Enterprise Value High	416	6,510	7,197	2,853	1,072	1,180	2,642
Enterprise Value Low	345	2,973	1,312	343	420	305	641

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	35	301	299	308	315	323	332
Diluted Weighted Avg Shares	301	301	186	303	311	318	325
Basic Weighted Avg Shares	301	301	186	303	311	318	325
Revenue per Share	0.25	0.36	0.82	0.67	0.99	1.19	1.32
EBITDA per Share	-0.13	-0.04	-0.93	-0.46	-0.27	-0.27	0.12
Operating Income per Share	-0.18	-0.1	-1.04	-0.52	-0.34	-0.07	0.03
Basic EPS, GAAP	-0.24	-0.16	-1.16	-0.52	-0.34	-0.61	-0.09
Basic EPS from Cont Ops	-0.2	-0.11	-1.11	-0.52	-0.34	-0.61	-0.09
Diluted EPS, GAAP	-0.24	-0.16	-1.16	-0.52	-0.34	-0.61	-0.09
Diluted EPS from Cont Ops	-0.2	-0.11	-1.11	-0.52	-0.34	-0.61	-0.09
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.04	0.05	-0.24	-0.18	-0.24	0.01	0.23
Free Cash Flow per Basic Share	-0.02	-0.01	-0.71	-0.68	-0.84	-0.08	0.17
Cash & Equivalents per Share	- -	0.07	1.61	0.83	0.16	0.23	0.32
Book Value per Share	- -	-1.28	2.3	1.99	1.79	1.2	1.24
Tangible Book Value per Share	- -	-1.33	2.24	1.95	1.74	1.16	1.2