Electrovaya Inc.
Electrovaya Inc. is a lithium-ion battery technology and manufacturing company focused on advanced energy-storage solutions. Electrovaya designs, develops, and produces battery cells, battery systems, battery management systems, and related products for mission-critical industrial and transportation uses. Its offerings support material handling equipment such as forklifts and automated guided vehicles, as well as electric trucks, electric buses, robotics, defense applications, and stationary energy storage systems. The company serves customers that require durable, safe, and long-life power solutions for demanding operating environments. Headquartered in Mississauga, Ontario, Electrovaya operates across North America and works with manufacturers, industrial operators, and other end users that depend on specialized lithium-ion battery technologies.
$5.49
+$0.14 (+2.62%)
Price from 2 days ago
Operating margin is thin at 8.71%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 42.6% YoY with margins expanding 7.1pp. However, free cash flow softened 1141%, worth monitoring whether this is timing or structural.
At 54x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 1141% versus the prior year, cash generation momentum has weakened.
54.3x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$72M
▲ +42.6% YoY
Net Income (TTM)
$4M
▲ +326.5% YoY
Op. Margin
9.38%
▲ +7.1pp YoY
ROIC
13.34%
▲ +11.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$37M
▼ -1140.7% YoY
Op. Cash Flow (TTM)
-$8M
▼ -17.0% YoY
Net Debt
$16M
Cash & Equiv.
$6M
3Y CAGR: +59.7%
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Is Electrovaya (ELVA) overvalued?
At a P/E of 54.3, Electrovaya (ELVA)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Electrovaya scores 40/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Electrovaya a high-quality business?+
Electrovaya scores 40 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 9.4% operating margin and a 13.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Electrovaya a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh ELVA's valuation and scores 40/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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