Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro's purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro has sold or put into service more than 3,700 vehicles in over 25 countries across North America, Europe, and Asia.
FinancialsEdit
Key financials
| Description
|
Value
|
Commentary
|
| Cost of goods sold as a proportion of revenue (%)
|
90%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Operating expenses as a proportion of revenue (%)
|
209%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Tax rate (%)
|
0%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Depreciation and amortisation as a proportion of revenue (%)
|
37%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Fixed capital as a proportion of revenue (%)
|
0%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Working capital as a proportion of revenue (%)
|
65%
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Net borrowing ($000)
|
$11,000
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
| Interest amount ($000)
|
$1,070
|
Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
|
ValuationEdit
Cost of equity
| Input
|
Input value
|
Additional information
|
| Risk-free rate (%)
|
3.44
|
Here, the risk free rate is the US 30 year treasury bond, and is calculated as at 15th September 2022.
|
| Beta
|
1.33
|
The figure here is taken from the Financial Times (https://markets.ft.com/data/equities/tearsheet/profile?s=CENN:NAQ), on 16th September 2022.
|
| Equity risk premium (%)
|
5.26
|
Here, the equity risk premium is in relation to the global region, and is calculated as at 1st January 2022 (https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html).
|
| Cost of equity (%)
|
10.44
|
Cost of equity = Risk-free rate + Beta x Equity risk premium.
|
