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Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. It is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.
2006
2.3K+
LTM Revenue $404M
LTM EBITDA -$7.4M
$806M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Microvast has a last 12-month revenue of $404M and a last 12-month EBITDA of -$7.4M.
In the most recent fiscal year, Microvast achieved revenue of $380M and an EBITDA of -$155M.
Microvast expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Microvast valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $307M | $380M | XXX | XXX | XXX |
| Gross Profit | $9.1M | $57.2M | XXX | XXX | XXX |
| Gross Margin | 3% | 15% | XXX | XXX | XXX |
| EBITDA | -$80.8M | -$155M | XXX | XXX | XXX |
| EBITDA Margin | -26% | -41% | XXX | XXX | XXX |
| Net Profit | -$158M | -$106M | XXX | XXX | XXX |
| Net Margin | -52% | -28% | XXX | XXX | XXX |
| Net Debt | n/a | $141M | XXX | XXX | XXX |
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As of April 15, 2025, Microvast's stock price is $2.
Microvast has current market cap of $550M, and EV of $806M.
See Microvast trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $806M | $550M | XXX | XXX | XXX | XXX | $-0.19 |
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Sign UpAs of April 15, 2025, Microvast has market cap of $550M and EV of $806M.
Microvast's trades at 2.0x LTM EV/Revenue multiple, and -109.3x LTM EBITDA.
Analysts estimate Microvast's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Microvast and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $806M | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | -5.2x | XXX | XXX | XXX |
| P/E | -2.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -32.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMicrovast's NTM/LTM revenue growth is 23%
Microvast's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Microvast's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Microvast's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Microvast and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -41% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 92% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -18% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 38% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Alfen | XXX | XXX | XXX | XXX | XXX | XXX |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Fastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Lion E-Mobility | XXX | XXX | XXX | XXX | XXX | XXX |
| MIC Electronics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Microvast acquired XXX companies to date.
Last acquisition by Microvast was XXXXXXXX, XXXXX XXXXX XXXXXX . Microvast acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Microvast founded? | Microvast was founded in 2006. |
| Where is Microvast headquartered? | Microvast is headquartered in United States of America. |
| How many employees does Microvast have? | As of today, Microvast has 2.3K+ employees. |
| Who is the CEO of Microvast? | Microvast's CEO is Mr. Yang Wu. |
| Is Microvast publicy listed? | Yes, Microvast is a public company listed on NAS. |
| What is the stock symbol of Microvast? | Microvast trades under MVST ticker. |
| When did Microvast go public? | Microvast went public in 2021. |
| Who are competitors of Microvast? | Similar companies to Microvast include e.g. Alfen, Ebusco Holding, Fastned, Lion E-Mobility. |
| What is the current market cap of Microvast? | Microvast's current market cap is $550M |
| What is the current revenue of Microvast? | Microvast's last 12-month revenue is $404M. |
| What is the current EBITDA of Microvast? | Microvast's last 12-month EBITDA is -$7.4M. |
| What is the current EV/Revenue multiple of Microvast? | Current revenue multiple of Microvast is 2.0x. |
| What is the current EV/EBITDA multiple of Microvast? | Current EBITDA multiple of Microvast is -109.3x. |
| What is the current revenue growth of Microvast? | Microvast revenue growth between 2023 and 2024 was 24%. |
| Is Microvast profitable? | Yes, Microvast is EBITDA-positive (as of the last 12 months). |
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