Envirotech Vehicles, Inc. (EVTV) intrinsic value & 10-year financials
Envirotech Vehicles, Inc. (EVTV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 64.3% a year to $5.9M, with an average return on invested capital of -50.7%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $5.9M
- Revenue growth (10-yr CAGR)
- 64.3%
- ROIC (10-yr avg)
- -50.7%
- Free cash flow (FY2025)
- -$5.8M
EVTV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.9M | -$39.1M | — | -$5.8M | -651.3% | -557.8% |
| FY2024 | $1.9M | -$8.8M | — | -$3.9M | -423.5% | -36.8% |
| FY2023 | $2.9M | -$12.7M | — | -$4.3M | -444.1% | -50.9% |
| FY2022 | $4.5M | -$43.8M | — | -$7.6M | -973.4% | -150.0% |
| FY2021 | $2.0M | -$7.7M | — | -$13.0M | -378.1% | -1080.6% |
| FY2020 | $618.0K | -$4.4M | — | -$3.0M | -701.8% | 2934.7% |
| FY2019 | $12.6M | -$5.2M | — | -$4.6M | -41.5% | 514.3% |
| FY2018 | $5.0M | -$11.0M | — | -$4.6M | -227.0% | -540.8% |
| FY2017 | $425.0K | -$21.9M | — | -$5.7M | -5081.9% | -1036.3% |
| FY2016 | $68.0K | -$10.7M | — | -$3.3M | -14020.6% | -502.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Envirotech Vehicles, Inc. is a consistent compounder, expanding top-line revenue at 64.3% annually over the past decade.
Envirotech Vehicles, Inc. has historically struggled to out-earn its cost of capital, averaging just -9.2% ROIC.
Envirotech Vehicles, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Envirotech Vehicles, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.