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Hyzon Motors Inc (HYZN)HYZN
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Upturn Advisory Summary
11/20/2024: HYZN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -72.9% | Upturn Advisory Performance 2 | Avg. Invested days: 16 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -72.9% | Avg. Invested days: 16 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 11.99M USD |
Price to earnings Ratio - | 1Y Target Price 80 |
Dividends yield (FY) - | Basic EPS (TTM) -34.43 |
Volume (30-day avg) 1578107 | Beta 2.89 |
52 Weeks Range 1.29 - 62.00 | Updated Date 11/20/2024 |
Company Size Small-Cap Stock | Market Capitalization 11.99M USD | Price to earnings Ratio - | 1Y Target Price 80 |
Dividends yield (FY) - | Basic EPS (TTM) -34.43 | Volume (30-day avg) 1578107 | Beta 2.89 |
52 Weeks Range 1.29 - 62.00 | Updated Date 11/20/2024 |
Earnings Date
Report Date 2024-11-12 | When BeforeMarket |
Estimate -6.5 | Actual -7.74 |
Report Date 2024-11-12 | When BeforeMarket | Estimate -6.5 | Actual -7.74 |
Profitability
Profit Margin - | Operating Margin (TTM) -17071.88% |
Management Effectiveness
Return on Assets (TTM) -49.94% | Return on Equity (TTM) -133.02% |
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE - |
Enterprise Value -16731974 | Price to Sales(TTM) 1.13 |
Enterprise Value to Revenue 0.87 | Enterprise Value to EBITDA 5.74 |
Shares Outstanding 7591790 | Shares Floating 4635645 |
Percent Insiders 17.16 | Percent Institutions 9.51 |
Trailing PE - | Forward PE - | Enterprise Value -16731974 | Price to Sales(TTM) 1.13 |
Enterprise Value to Revenue 0.87 | Enterprise Value to EBITDA 5.74 | Shares Outstanding 7591790 | Shares Floating 4635645 |
Percent Insiders 17.16 | Percent Institutions 9.51 |
Analyst Ratings
Rating 4 | Target Price 3 | Buy 1 |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating 4 | Target Price 3 | Buy 1 | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Hyzon Motors Inc. Stock Analysis
Company Profile:
History and Background:
- Founded in 2008 as Horizon Fuel Cell Technologies in Rochester, New York.
- Changed name to Hyzon Motors in 2020 to reflect its focus on hydrogen fuel cell trucks.
- Acquired Netherlands-based fuel cell bus manufacturer, Holthausen Clean Technology (HCT) in 2021.
Core Business Areas:
- Design, development, and manufacturing of zero-emission hydrogen fuel cell electric vehicles (FCEVs), including heavy-duty trucks, buses, and coaches.
- Also provides hydrogen production, storage, and refueling solutions.
Leadership Team and Corporate Structure:
- CEO: Craig Knight
- CFO: Mark Williams
- CTO: Dr. John Zhang
- Headquartered in Rochester, New York, with additional offices in Europe, Australia, and China.
Top Products and Market Share:
Top Products:
- HyMax-450: 4x2 highway truck with a range of 450 miles.
- HyMax-650: 6x2 drayage truck with a range of 650 miles.
- HyRoad-EV: hydrogen fuel cell powered bus.
Market Share:
- Global market share for hydrogen fuel cell trucks is estimated to be around 1%.
- Company is focusing on early adopters and fleet operators in North America, Europe, and Australia.
Total Addressable Market:
- The global market for hydrogen fuel cell trucks is expected to reach $34 billion by 2030.
- The US market for hydrogen fuel cell trucks is estimated to be around $10 billion by 2030.
Financial Performance:
Recent Financial Statements:
- Revenue for Q2 2023 was $2.7 million, compared to $1.3 million in Q1 2023.
- Net loss for Q2 2023 was $48.2 million, compared to $44.9 million in Q1 2023.
- Operating cash flow was negative $27.3 million in Q2 2023.
Year-over-Year Performance:
- Revenue increased 108% year-over-year in Q2 2023.
- Net income remained negative.
- Cash flow remains negative.
Financial Health:
- Company has a strong balance sheet with over $1 billion in cash and equivalents.
- However, the company is still in the early stages of development and is not yet profitable.
Dividends and Shareholder Returns:
- Hyzon Motors Inc. does not currently pay dividends.
- Shareholder returns have been negative since the company's IPO in 2021.
Growth Trajectory:
- Hyzon Motors Inc. is in a high-growth market, but it is still in the early stages of development.
- The company has a number of strategic partnerships in place, including with Shell, Plug Power, and Cummins.
- The company is also investing heavily in research and development.
Market Dynamics:
- The hydrogen fuel cell truck market is still in its early stages of development.
- There are a number of challenges facing the industry, including the lack of infrastructure and the high cost of hydrogen fuel.
- However, there are also a number of opportunities, including government subsidies, falling technology costs, and increasing environmental concerns.
Competitors:
- Nikola Corporation (NKLA)
- Ballard Power Systems (BLDP)
- Plug Power (PLUG)
- Hyundai Motor Group
- Toyota Motor Corporation
Potential Challenges and Opportunities:
Challenges:
- Supply chain issues
- Technological advancements
- Competitive pressures
- Lack of hydrogen infrastructure
- High cost of hydrogen fuel
Opportunities:
- New markets
- Product innovations
- Strategic partnerships
- Government subsidies
- Falling technology costs
Recent Acquisitions:
2021:
- Holthausen Clean Technology (HCT)
- Acquisition price: €45 million
- HCT is a Dutch manufacturer of hydrogen fuel cell buses.
- This acquisition gives Hyzon a foothold in the European bus market.
2022:
- Sustainable Truck & Van Corporation
- Acquisition price: Undisclosed
- Sustainable Truck & Van Corporation is a US-based dealer of commercial vehicles.
- This acquisition gives Hyzon a distribution network in the US.
2023:
- Wrightbus
- Acquisition price: Undisclosed
- Wrightbus is a UK-based manufacturer of double-decker buses.
- This acquisition gives Hyzon a presence in the UK bus market.
AI-Based Fundamental Rating:
- Overall AI-based rating: 6/10
- Strengths: Strong cash position, strong partnerships, large addressable market.
- Weaknesses: Still unprofitable, high debt levels, competitive market.
Sources:
- Hyzon Motors Inc. website
- SEC filings
- FactSet
- Bloomberg
- Reuters
Disclaimer:
This information should not be considered financial advice. Please consult with a professional financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hyzon Motors Inc
Exchange | NASDAQ | Headquaters | Bolingbrook, IL, United States |
IPO Launch date | 2021-07-16 | CEO & Director | Mr. Parker Stewart Meeks |
Sector | Consumer Cyclical | Website | https://hyzonmotors.com |
Industry | Auto Parts | Full time employees | 360 |
Headquaters | Bolingbrook, IL, United States | ||
CEO & Director | Mr. Parker Stewart Meeks | ||
Website | https://hyzonmotors.com | ||
Website | https://hyzonmotors.com | ||
Full time employees | 360 |
Hyzon Motors Inc. supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing. In addition, the company's technology focuses on designing and manufacturing of MEAs, BPPs, fuel cell stacks, and fuel cell systems for integration into commercial vehicles. Hyzon Motors Inc. was founded in 2020 and is headquartered in Bolingbrook, Illinois.
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