Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
ELVA
HOLDREMOVEElectrovaya Inc. · Industrials · Canada · $580M · Avg Vol: $5M/d
Electrovaya designs and manufactures lithium-ion batteries. It operates in a highly capital-intensive, commoditized sector dominated by massive global players, lacking the structural moat and pricing power we require.
COMPANY DESCRIPTION
Electrovaya Inc. is a leading manufacturer of proprietary lithium-ion batteries and battery systems for electric vehicles and industrial applications, known for their enhanced safety, longevity, and energy density. The company holds a competitive advantage through its unique ceramic separator technology and extensive patent portfolio, which enables superior performance and cycle life compared to conventional lithium-ion batteries. Its focus on specialized, high-performance battery solutions positions it in a growing niche market.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 16M | 43M | 45M | 64M | 59.7% |
| EPS | -0.31 | -0.04 | -0.04 | 0.09 | — |
| Shares | 29M | 34M | 34M | 42M | +43.0% |
| Debt | 23M | 19M | 21M | 23M | -0.8% |
| Equity | -7M | 7M | 9M | 31M | 108.7% |
| Op CF | -9M | -5M | 1M | 2M | 65.4% |
| Inv CF | -212,000 | -903,000 | -666,000 | -12M | — |
| Fin CF | 8M | 7M | -629,000 | 16M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of ELVA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| ELVA | Electrovaya Inc.(you) | $580M | 56 | HOLD |
| BLDP.TO | Ballard Power Systems Inc. | $1.9B | 34 | SELL |
| HPS-A.TO | Hammond Power Solutions Inc. | $2.9B | 69 | BUY |
| SPRQ.V | SPARQ Systems Inc. | $106M | 29 | SELL |
| HMM-A.TO | Hammond Manufacturing Company Limited | $149M | 98 | STRONG BUY |
| QESS.CN | Aegis Critical Energy Defence Corp. | $41M | 15 | STRONG SELL |
| BDI.TO | Black Diamond Group Limited | $987M | 57 | HOLD |
| FTG.TO | Firan Technology Group Corporation | $471M | 65 | BUY |
| ALC.TO | Algoma Central Corporation | $648M | 68 | BUY |
| WTE.TO | Westshore Terminals Investment Corporation | $1.9B | 56 | HOLD |
Peer medians: ROE 10.9% · P/E 26.1x · Gross margin 28.9%