MVST Chart
About

Microvast Holdings, Inc. provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, electrolyte formulation, full concentration gradient cathode, polyaramid separator, and nickel manganese cobalt. It also designs, develops, and manufactures components of lithium-ion batteries, such as cathode, anode, electrolytes, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port vehicles, and automated guided and specialty vehicles, as well as light, medium, and heavy-duty trucks. It operates in China, rest of the Asia Pacific, Europe, and the United States. Microvast Holdings, Inc. was incorporated in 2006 and is based in Stafford, Texas.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Auto Parts Market Cap 728.57M
Enterprise Value 1.03B Income -128.08M Sales 444.50M
Book/sh 1.11 Cash/sh 0.28 Dividend Yield —
Payout 0.00% Employees 1921 IPO —
P/E — Forward P/E 11.10 PEG —
P/S 1.64 P/B 2.00 P/C —
EV/EBITDA 13.63 EV/Sales 2.31 Quick Ratio 0.45
Current Ratio 0.84 Debt/Eq 119.82 LT Debt/Eq —
EPS (ttm) -0.39 EPS next Y 0.20 EPS Growth —
Revenue Growth 21.60% Earnings 2026-03-16 ROA 2.66%
ROE -30.34% ROIC — Gross Margin 36.60%
Oper. Margin 12.08% Profit Margin -28.81% Shs Outstand 328.18M
Shs Float 199.62M Short Float 13.67% Short Ratio 6.12
Short Interest — 52W High 7.12 52W Low 1.09
Beta 3.37 Avg Volume 3.91M Volume 1.96M
Target Price $6.50 Recom None Prev Close $2.11
Price $2.22 Change 5.21%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.50
Mean price target
2. Current target
$2.22
Latest analyst target
3. DCF / Fair value
$2.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.22
Low
$6.00
High
$7.00
Mean
$6.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-13 main HC Wainwright & Co. Buy → Buy $6
2025-04-08 reit HC Wainwright & Co. Buy → Buy $3
2024-11-18 reit HC Wainwright & Co. Buy → Buy $3
2024-04-03 main HC Wainwright & Co. Buy → Buy $3
2024-04-02 down Janney Montgomery Scott Buy → Neutral $3
2024-04-02 main Oppenheimer Outperform → Outperform $4
2023-12-13 reit Cantor Fitzgerald Overweight → Overweight $8
2023-11-29 init Cantor Fitzgerald — → Overweight $8
2023-08-31 init Janney Montgomery Scott — → Buy $8
2023-08-08 reit Oppenheimer Outperform → Outperform $8
2023-05-26 reit Oppenheimer Outperform → Outperform $8
2023-05-26 reit HC Wainwright & Co. Buy → Buy $8
2023-04-03 init HC Wainwright & Co. — → Buy $8
2023-03-17 reit Oppenheimer — → Outperform $8
2022-08-19 init Oppenheimer — → Outperform $8
2022-04-01 main Morgan Stanley — → Underweight $4
2021-12-17 init Piper Sandler — → Neutral $8
2021-08-04 init Morgan Stanley — → Underweight $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 28571 — — Stock Award(Grant) at price 0.00 per share. GARCIA ERIC Officer — 2026-01-09 00:00:00 D
1 100714 — — Stock Award(Grant) at price 0.00 per share. WORTHEN RODNEY Chief Financial Officer — 2026-01-09 00:00:00 D
2 37500 — — Stock Award(Grant) at price 0.00 per share. WONG ARTHUR LAP TAT Director — 2025-12-31 00:00:00 D
3 12596 34778.0 — Sale at price 2.76 - 2.78 per share. PAN YIXIN Director — 2025-12-31 00:00:00 D
4 37500 — — Stock Award(Grant) at price 0.00 per share. PAN YIXIN Director — 2025-12-31 00:00:00 D
5 2671 9295.0 — Sale at price 3.48 per share. WORTHEN RODNEY Chief Financial Officer — 2025-11-25 00:00:00 D
6 1323 — — Stock Award(Grant) at price 0.00 per share. YING WEI Director — 2025-07-23 00:00:00 D
7 2643 — — Stock Award(Grant) at price 0.00 per share. WONG ARTHUR LAP TAT Director — 2025-06-10 00:00:00 D
8 2643 — — Stock Award(Grant) at price 0.00 per share. YING WEI Director — 2025-06-10 00:00:00 D
9 2643 — — Stock Award(Grant) at price 0.00 per share. PAN YIXIN Director — 2025-06-10 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-93.45K-171.99K0.00
TaxRateForCalcs0.000.210.210.00
NormalizedEBITDA8.81M-80.40M-133.66M-182.83M
TotalUnusualItems-163.73M-445.00K-819.00K2.47M
TotalUnusualItemsExcludingGoodwill-163.73M-445.00K-819.00K2.47M
NetIncomeFromContinuingOperationNetMinorityInterest-195.46M-106.34M-158.20M-216.01M
ReconciledDepreciation30.83M22.93M20.36M20.71M
ReconciledCostOfRevenue260.25M249.39M195.42M194.72M
EBITDA-154.91M-80.85M-134.48M-180.36M
EBIT-185.75M-103.77M-154.84M-201.07M
NetInterestIncome-8.97M981.00K-144.00K-4.96M
InterestExpense9.71M2.63M3.32M5.41M
InterestIncome742.00K3.61M3.18M446.00K
NormalizedIncome-31.73M-105.98M-157.55M-218.47M
NetIncomeFromContinuingAndDiscontinuedOperation-195.46M-106.34M-158.20M-216.01M
TotalExpenses402.72M412.84M362.64M346.04M
TotalOperatingIncomeAsReported-116.09M-106.73M-159.95M-194.06M
DilutedAverageShares318.46M310.91M303.28M185.90M
BasicAverageShares318.46M310.91M303.28M185.90M
DilutedEPS-0.61-0.34-0.52-1.26
BasicEPS-0.61-0.34-0.52-1.26
DilutedNIAvailtoComStockholders-195.46M-106.34M-158.20M-234.10M
NetIncomeCommonStockholders-195.46M-106.34M-158.20M-234.10M
OtherunderPreferredStockDividend0.000.0018.10M
NetIncome-195.46M-106.34M-158.20M-216.01M
MinorityInterests0.0076.00K0.00-9.52M
NetIncomeIncludingNoncontrollingInterests-195.46M-106.41M-158.20M-206.48M
NetIncomeContinuousOperations-195.46M-106.41M-158.20M-206.48M
TaxProvision0.0010.00K33.00K0.00
PretaxIncome-195.46M-106.40M-158.17M-206.48M
OtherIncomeExpense-163.57M-1.16M125.00K-7.45M
OtherNonOperatingIncomeExpenses156.00K-713.00K944.00K-9.92M
SpecialIncomeCharges-83.77M-504.00K-1.80M
OtherSpecialCharges-9.41M
ImpairmentOfCapitalAssets93.17M504.00K1.80M
GainOnSaleOfSecurity-79.96M59.00K979.00K2.47M
NetNonOperatingInterestIncomeExpense-8.97M981.00K-144.00K-4.96M
InterestExpenseNonOperating9.71M2.63M3.32M5.41M
InterestIncomeNonOperating742.00K3.61M3.18M446.00K
OperatingIncome-22.92M-106.22M-158.15M-194.06M
OperatingExpense142.47M163.45M167.22M151.32M
OtherOperatingExpenses-2.66M-1.95M-1.67M-6.13M
ResearchAndDevelopment41.06M45.00M43.51M34.38M
SellingGeneralAndAdministration104.06M120.40M125.39M123.06M
SellingAndMarketingExpense22.58M23.61M22.61M21.43M
GeneralAndAdministrativeExpense81.49M96.79M102.77M101.63M
OtherGandA81.49M96.79M102.77M101.63M
GrossProfit119.55M57.23M9.07M-42.74M
CostOfRevenue260.25M249.39M195.42M194.72M
TotalRevenue379.80M306.62M204.50M151.98M
OperatingRevenue379.80M306.62M204.50M151.98M
Line Item2024-12-312023-12-31
TreasurySharesNumber1.69M1.69M
OrdinarySharesNumber323.14M315.01M307.63M298.84M
ShareIssued324.83M316.69M307.63M298.84M
NetDebt238.25M141.14M
TotalDebt328.89M205.18M175.00M147.40M
TangibleBookValue373.92M549.07M598.70M670.81M
InvestedCapital699.15M749.87M771.70M834.10M
WorkingCapital97.87M22.20M292.66M531.01M
NetTangibleAssets373.92M549.07M598.70M670.81M
CapitalLeaseObligations17.64M19.50M16.28M0.00
CommonStockEquity387.89M564.19M612.98M686.70M
TotalCapitalization576.73M651.11M685.86M759.85M
TotalEquityGrossMinorityInterest387.89M564.19M612.98M686.70M
MinorityInterest0.00
StockholdersEquity387.89M564.19M612.98M686.70M
GainsLossesNotAffectingRetainedEarnings-32.16M-19.58M-12.05M12.73M
OtherEquityAdjustments-32.16M-19.58M-12.05M12.73M
RetainedEarnings-1.09B-897.50M-791.16M-632.10M
AdditionalPaidInCapital1.51B1.48B1.42B1.31B
CapitalStock33.00K32.00K31.00K30.00K
CommonStock33.00K32.00K31.00K30.00K
TotalLiabilitiesNetMinorityInterest563.97M532.54M371.98M308.59M
TotalNonCurrentLiabilitiesNetMinorityInterest233.82M129.13M119.57M133.00M
OtherNonCurrentLiabilities37.54M
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities290.00K67.00K126.00K1.10M
EmployeeBenefits98.00K199.00K131.00K18.93M
TradeandOtherPayablesNonCurrent1.28M0.000.00
NonCurrentDeferredLiabilities5.61M3.38M3.07M2.29M
NonCurrentDeferredRevenue5.61M3.38M3.07M2.29M
LongTermDebtAndCapitalLeaseObligation203.43M104.00M87.23M73.15M
LongTermCapitalLeaseObligation14.60M17.09M14.35M0.00
LongTermDebt188.83M86.92M72.89M73.15M
LongTermProvisions23.11M21.48M29.02M37.54M
CurrentLiabilities330.15M403.41M252.41M175.59M
OtherCurrentLiabilities13.78M14.31M8.61M10.64M
CurrentDeferredLiabilities43.68M43.09M54.21M1.53M
CurrentDeferredRevenue43.68M43.09M54.21M1.53M
CurrentDebtAndCapitalLeaseObligation125.46M101.18M87.77M74.25M
CurrentCapitalLeaseObligation3.04M2.41M1.93M0.00
CurrentDebt122.42M98.77M85.84M74.25M
OtherCurrentBorrowings70.67M35.39M17.40M13.30M
LineOfCredit13.30M
CurrentNotesPayable51.76M63.37M68.44M60.95M
CurrentProvisions10.00M13.74M13.04M20.92M
PayablesAndAccruedExpenses137.24M231.09M88.78M68.26M
CurrentAccruedExpenses18.26M14.35M7.66M7.76M
InterestPayable94.00K41.00K298.00K1.84M
Payables118.98M216.74M81.12M60.50M
OtherPayable45.98M96.35M29.18M18.50M
DuetoRelatedPartiesCurrent5.00K0.00
TotalTaxPayable8.05M7.77M6.95M1.59M
IncomeTaxPayable652.00K655.00K658.00K666.00K
AccountsPayable64.94M112.62M44.98M40.41M
TotalAssets951.87M1.10B984.96M995.29M
TotalNonCurrentAssets523.84M671.13M439.89M288.69M
OtherNonCurrentAssets14.05M15.83M74.11M19.74M
GoodwillAndOtherIntangibleAssets13.98M15.12M14.28M15.89M
OtherIntangibleAssets13.98M15.12M14.28M15.89M
NetPPE495.82M640.17M351.51M253.06M
AccumulatedDepreciation-133.73M-108.31M-100.90M-88.75M
GrossPPE629.55M748.48M452.41M341.80M
Leases32.74M32.81M28.62M30.04M
ConstructionInProgress196.11M321.91M195.54M96.97M
OtherProperties16.37M
MachineryFurnitureEquipment243.25M229.76M167.19M172.87M
BuildingsAndImprovements157.44M164.00M61.05M41.92M
Properties0.000.000.000.00
CurrentAssets428.03M425.61M545.07M706.61M
AssetsHeldForSaleCurrent19.90M0.00
RestrictedCash36.57M37.48M70.73M55.18M
PrepaidAssets9.21M10.72M9.37M12.82M
Inventory143.33M149.75M84.25M53.42M
FinishedGoods18.76M27.50M6.17M7.40M
WorkInProcess85.18M86.38M48.75M20.76M
RawMaterials39.39M35.87M29.33M25.27M
Receivables146.01M177.48M124.22M104.25M
OtherReceivables430.00K751.00K311.00K203.00K
DuefromRelatedPartiesCurrent0.0085.00K
TaxesReceivable17.37M14.28M2.41M4.11M
NotesReceivable7.58M23.74M2.20M11.14M
AccountsReceivable120.63M138.72M119.30M88.72M
AllowanceForDoubtfulAccountsReceivable-5.09M-4.41M-4.41M-5.00M
GrossAccountsReceivable125.72M143.12M123.71M93.72M
CashCashEquivalentsAndShortTermInvestments73.01M50.17M256.49M480.93M
OtherShortTermInvestments0.005.63M25.07M0.00
CashAndCashEquivalents73.01M44.54M231.42M480.93M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-24.91M-262.09M-204.81M-132.90M
RepaymentOfDebt-66.25M-14.81M-53.74M-45.99M
IssuanceOfDebt126.52M47.85M58.71M104.85M
CapitalExpenditure-27.72M-186.79M-150.88M-87.86M
InterestPaidSupplementalData7.44M4.37M5.13M2.69M
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition109.60M88.19M302.62M536.11M
BeginningCashPosition88.19M302.62M536.11M41.20M
EffectOfExchangeRateChanges-6.84M-6.56M-8.59M2.87M
ChangesInCash28.25M-207.87M-224.91M492.05M
FinancingCashFlow37.59M33.04M4.97M624.95M
CashFlowFromContinuingFinancingActivities37.59M33.04M4.97M624.95M
NetOtherFinancingCharges-22.68M566.09M
NetIssuancePaymentsOfDebt60.27M33.04M4.97M58.86M
NetLongTermDebtIssuance60.27M33.04M4.97M58.86M
LongTermDebtPayments-66.25M-14.81M-53.74M-45.99M
LongTermDebtIssuance126.52M47.85M58.71M104.85M
InvestingCashFlow-12.15M-165.60M-175.94M-87.86M
CashFlowFromContinuingInvestingActivities-12.15M-165.60M-175.94M-87.86M
NetInvestmentPurchaseAndSale5.56M19.53M-25.07M0.00
SaleOfInvestment5.56M25.50M0.000.00
PurchaseOfInvestment0.00-5.97M-25.07M0.00
NetPPEPurchaseAndSale-17.72M-185.14M-150.88M-87.86M
SaleOfPPE10.01M1.65M5.00K0.00
PurchaseOfPPE-27.72M-186.79M-150.88M-87.86M
OperatingCashFlow2.81M-75.30M-53.93M-45.04M
CashFlowFromContinuingOperatingActivities2.81M-75.30M-53.93M-45.04M
ChangeInWorkingCapital-52.76M-78.48M-30.45M-23.96M
ChangeInOtherWorkingCapital841.00K-10.95M53.11M-1.05M
ChangeInOtherCurrentLiabilities2.05M2.58M15.95M2.22M
ChangeInOtherCurrentAssets-2.75M-5.99M-19.66M-2.13M
ChangeInPayablesAndAccruedExpense-70.92M71.67M-4.04M15.71M
ChangeInAccruedExpense-16.49M6.60M-24.67M-5.95M
ChangeInPayable-54.43M65.07M20.64M21.66M
ChangeInAccountPayable-44.52M68.58M7.15M-2.50M
ChangeInTaxPayable0.000.00
ChangeInIncomeTaxPayable0.000.00
ChangeInPrepaidAssets3.29M-14.29M3.63M-10.98M
ChangeInInventory-546.00K-74.41M-43.69M-25.89M
ChangeInReceivables15.28M-47.10M-35.74M-1.83M
ChangesInAccountReceivables8.79M-21.76M-38.92M-11.84M
OtherNonCashItems8.35M15.45M16.31M62.79M
StockBasedCompensation30.84M64.97M90.81M82.89M
ProvisionandWriteOffofAssets3.74M236.00K1.64M19.02M
AssetImpairmentCharge96.46M4.12M6.59M2.44M
DepreciationAmortizationDepletion30.83M22.93M20.36M20.71M
DepreciationAndAmortization30.83M22.93M20.36M20.71M
AmortizationCashFlow775.00K787.00K554.00K738.00K
AmortizationOfIntangibles775.00K787.00K554.00K738.00K
Depreciation30.06M22.14M19.81M19.98M
OperatingGainsLosses80.80M1.89M-993.00K-2.46M
GainLossOnInvestmentSecurities79.96M-59.00K-979.00K-2.47M
GainLossOnSaleOfPPE844.00K1.95M-14.00K13.00K
NetIncomeFromContinuingOperations-195.46M-106.41M-158.20M-206.48M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MVST
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