Vicinity Motor Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.50
Dividend & YieldN/A$ (N/A)
Beta 0.86
Market capitalization 40.4M
Operating cash flow -9.38M
ESG Scores unknown

Company description

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.

Sector: Consumer Cyclical - Industry: Auto Manufacturers

Financial Ratios
Quick Ratio0.59
Working Capital-5.21
Return On Equity-0.21
Debt To Equity0
Fixed Asset Ratio0.65
Fixed Interest Cover-8.1

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -6.3M -1.4M 3.13M -1.06M
Total Cashflows From Investing Activities 294.3k -175k -879k -23.12M
Net Borrowings -5.61M 1.93M 430k 1.07M
Total Cash From Financing Activities -4.1M 2.06M 6.92M 22.95M
Change To Operating Activities 3.44M -774k -1.26M -6.07M
Issuance Of Stock 1.5M 125k 6.94M 24.09M
Net Income 948.95k -4.99M -3.24M -7.32M
Change In Cash -1.49M -1.98M 425k 3.39M
Effect Of Exchange Rate 266.43k -80k 87k -25k
Total Cash From Operating Activities 2.05M -3.78M -5.7M 3.59M
Depreciation 632.62k 910k 646k 1.14M
Change To Account Receivables -30.21k 4.5M 3.81M 471k
Other Cashflows From Financing Activities -451k -451k -451k -2.21M
Change To Netincome 1.84M 1.14M 987k 2.27M
Capital Expenditures -312.98k -338k -372k -6.54M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 948.95k -4.93M -3.16M -6.86M
Net Income 948.95k -4.99M -3.24M -7.32M
Selling General Administrative 7.02M 7.24M 4.52M 7.81M
Gross Profit 11.92M 4.34M 2.58M 4.24M
Ebit 2.9M -4.17M -3.16M -5.8M
Operating Income 2.9M -4.17M -3.16M -5.8M
Interest Expense -1.11M -701k -545k -716k
Income Tax Expense 59k 76k 464k
Total Revenue 70.08M 24.65M 19.55M 41.71M
Cost Of Revenue 58.15M 20.31M 16.98M 37.47M
Total Other Income ExpenseNet -1.95M -756k 3k -1.06M
Net Income From Continuing Ops 948.95k -4.99M -3.24M -7.32M
Net Income Applicable To Common Shares 948.95k -4.99M -3.24M -7.32M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 19.55M 20.25M 19.38M 19.75M
Total Stockholder Equity 20.9M 16.66M 17.57M 34.24M
Other Current Liabilities 2.93M 2.73M 2.09M 9.21M
Total Assets 40.45M 36.9M 36.94M 53.99M
Common Stock 35.98M 37.14M 37.17M 58.05M
Other Current Assets 352.07k 356k 281k
Retained Earnings -17.86M -22.84M -22.23M -29.69M
Treasury Stock -16k -19k -151k
Cash 2.73M 757k 1.01M 4.4M
Total Current Liabilities 17.15M 18.61M 18.96M 19.4M
Other Stockholder Equity -16k -19k -151k
Property, Plant, and Equipment 4.66M 4.53M 3.17M 10.83M
Total Current Assets 34.07M 30.82M 32.07M 20.81M
Net Tangible Assets 19.18M 15.11M 15.86M 11.89M
Net Receivables 13.66M 9.2M 3.26M 2.81M
Accounts Payable 9.17M 7.83M 10.13M 2.65M


Insider Transactions

Here are the insider transactions of stock shares related to Vicinity Motor Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Trainer (William)D2022-11-17Director of Issuer166k
White, James David AlexanderAcquisition or disposition in the public market at price 1.22 per share.D2022-11-03Director of Issuer15k
White, James David AlexanderAcquisition or disposition in the public market at price 0.83 per share.D2022-10-11Director of Issuer50k
White, James David AlexanderAcquisition or disposition in the public market at price 1.24 per share.D2022-09-01Director of Issuer36k
White, James David AlexanderAcquisition or disposition in the public market at price 1.20 per share.D2022-08-23Director of Issuer20k
White, James David AlexanderAcquisition or disposition in the public market at price 1.53 per share.D2022-05-12Director of Issuer10k
White, James David AlexanderAcquisition or disposition in the public market at price 1.54 per share.D2022-05-12Director of Issuer4.4k
White, James David AlexanderAcquisition or disposition in the public market at price 1.56 per share.D2022-05-09Director of Issuer5.6k
Trainer (William)Acquisition or disposition in the public market at price 2.33 per share.D2022-04-14Director of Issuer500
Trainer (William)Acquisition or disposition in the public market at price 2.33 per share.D2022-04-14Director of Issuer500
Trainer (William)Acquisition or disposition in the public market at price 2.25 per share.D2022-04-12Director of Issuer1k
Trainer (William)Acquisition or disposition in the public market at price 2.29 per share.D2022-04-12Director of Issuer500
Trainer (William)Acquisition or disposition in the public market at price 2.25 per share.D2022-04-12Director of Issuer1k
White, James David AlexanderAcquisition or disposition in the public market at price 2.35 per share.D2022-04-04Director of Issuer78k
Trainer (William)Acquisition or disposition in the public market at price 2.40 per share.D2022-03-31Director of Issuer3k
White, James David AlexanderAcquisition or disposition in the public market at price 3.36 per share.D2022-01-13Director of Issuer10k
White, James David AlexanderAcquisition or disposition in the public market at price 3.47 per share.D2022-01-12Director of Issuer10k
White, James David AlexanderAcquisition or disposition in the public market at price 3.42 per share.D2022-01-04Director of Issuer10k
Lagourgue (John)Acquisition or disposition in the public market at price 3.10 per share.D2021-12-02Director of Issuer500

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Vicinity Motor Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Vicinity Motor Corp

Here is the result of two systematic investment strategies applied to Vicinity Motor Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Vicinity Motor Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Vicinity Motor Corp:

Vicinity Motor Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %
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Momentum strategy results on Vicinity Motor Corp

This is the result of two momentum investment strategies applied to Vicinity Motor Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Vicinity Motor Corp

The following chart shows all the entries opened by the momentum investment system on Vicinity Motor Corp:

Vicinity Motor Corp momentum entries
  • The first momentum investment strategy would give 0% of return on Vicinity Motor Corp. That represents 0$ of latent gain with 0$ of employed capital.
  • The second momentum investment strategy would give 0% of return on Vicinity Motor Corp. That represents 0$ of latent gain with 0$ of employed capital.
Performance at glance (1Q Momentum)

Performance

0 %

Latent gain

0 $

Invested capital

0 $

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0 $

Invested capital

0 $

Annualized return

0 %

Momentum equity curve on Vicinity Motor Corp

The following chart shows the equity curve of the two momentum strategies applied to Vicinity Motor Corp:

Vicinity Motor Corp momentum equity

Note: the dividends potentially given by Vicinity Motor Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Vicinity Motor Corp

The following chart shows the employed capital evolution of the two momentum strategies on Vicinity Motor Corp since the beginning:

Vicinity Motor Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Vicinity Motor Corp

Buy the dip entry openings on Vicinity Motor Corp

Vicinity Motor Corp

The performance achieved by the robo-advisor on Vicinity Motor Corp is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Vicinity Motor Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Vicinity Motor Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Equity curve of the strategy applied to Vicinity Motor Corp

The following chart shows the result of the investment strategy applied to Vicinity Motor Corp:

Vicinity Motor Corp

Note: the dividends potentially given by Vicinity Motor Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Vicinity Motor Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Vicinity Motor Corp:

Vicinity Motor Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Vicinity Motor Corp

In this section, I will compare the three previous investment strategies applied to Vicinity Motor Corp.

Equity curve comparison on Vicinity Motor Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Vicinity Motor Corp investment strategy comparison

Employed capital comparison on Vicinity Motor Corp

Vicinity Motor Corp investment comparison

Performance comparison on Vicinity Motor Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0$ 0.0$ 0.0%
Momentum 1 quarter 0% 0$ 0$ 0%
Momentum 2 quarters 0% 0$ 0$ 0%
Non-directional 0% 0.0$ 0.0$ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

0 %

Momentum 2Q

0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Vicinity Motor Corp:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Vicinity Motor Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Vicinity Motor Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Vicinity Motor Corp
Country Canada
City Aldergrove
Address 3168, 262nd Street
Phone
Website vicinitymotorcorp.com
FullTime employees 60
Industry Auto Manufacturers
Sector Consumer Cyclical
Exchange XNAS
Ticker VEV
Market www.nasdaq.com

Vicinity Motor Corp ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown