Head-To-Head Analysis: Vicinity Motor (VEV) and Its Rivals

Vicinity Motor (NASDAQ:VEVGet Rating) is one of 64 public companies in the “Motor vehicles & car bodies” industry, but how does it compare to its peers? We will compare Vicinity Motor to similar companies based on the strength of its earnings, analyst recommendations, profitability, valuation, dividends, risk and institutional ownership.

Profitability

This table compares Vicinity Motor and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Vicinity Motor -50.44% -36.45% -24.50%
Vicinity Motor Competitors -12,601.44% -7.40% -1.28%

Institutional and Insider Ownership

0.5% of Vicinity Motor shares are held by institutional investors. Comparatively, 51.6% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 9.8% of shares of all “Motor vehicles & car bodies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and target prices for Vicinity Motor and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Vicinity Motor 0 0 0 0 N/A
Vicinity Motor Competitors 799 2034 2783 115 2.39

As a group, “Motor vehicles & car bodies” companies have a potential upside of 45.70%. Given Vicinity Motor’s peers higher possible upside, analysts clearly believe Vicinity Motor has less favorable growth aspects than its peers.

Valuation and Earnings

This table compares Vicinity Motor and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Vicinity Motor $41.71 million -$7.32 million -3.74
Vicinity Motor Competitors $44.91 billion $3.11 billion 112.90

Vicinity Motor’s peers have higher revenue and earnings than Vicinity Motor. Vicinity Motor is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Vicinity Motor peers beat Vicinity Motor on 8 of the 9 factors compared.

Vicinity Motor Company Profile (Get Rating)

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. Vicinity Motor Corp. founded in 2008 and is headquartered in Aldergrove, Canada.

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