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EZGO Technologies Ltd.

EZGO NASDAQ Categories PDF
Consumer Cyclical · Auto - Recreational Vehicles · China · Updated May 10, 8:16pm
$0.04
Price
$9,054
Market Cap
70
Employees
1.96
Beta
Jianhui Ye
CEO
Business Description

EZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and e-tricycles in the People's Republic of China. It is also involved the rental and sale of lithium batteries; and sale, franchising, and operation of smart charging piles for e-bicycles and other electronic devices. The company offers its e-bicycles and e-tricycles under the Dilang, Cenbird, and EZGO brands; and smart charging piles under the Hengdian brand. Further, it sells battery packs and cells. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. EZGO Technologies Ltd. was founded in 2014 and is headquartered in Changzhou, China.

Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
0.00
Stock Price: $0.04
EPS (Diluted): -960.04
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.00
Stock Price: $0.04
Total Equity: $48.40M
Shares: 9,054
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-1.43
Market Cap: $9,054
Total Debt: $11.43M
Cash: $517,337
EBITDA: -$7.64M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$10.9M
Market Cap: $9,054
Total Debt: $11.43M
Cash: $517,337
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
6.5%
Gross Profit: $1.33M
Revenue: $20.49M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-9.5%
Operating Income: -$1.95M
Revenue: $20.49M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-42.4%
Net Income: -$8.69M
Revenue: $20.49M
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
-18.0%
Net Income: -$8.69M
Total Equity: $48.40M
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
-3.7%
Operating Income: -$1.95M
Tax Rate: -12.1%
Equity: $48.40M
Total Debt: $11.43M
Cash: $517,337
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
3.21
Current Assets: $37.55M
Current Liabilities: $11.68M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.24
Short-Term Debt: $5.00M
Long-Term Debt: $6.43M
Total Debt: $11.43M
Total Equity: $48.40M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$2,262.65
Revenue: $20.49M
Shares: 9,054
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$5,345.96
Total Equity: $48.40M
Shares: 9,054
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-473.00
Operating CF: -$2.21M
CapEx: -$2.08M
Shares: 9,054
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.04
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$8.69M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares EZGO against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $23.4M $17.4M $15.9M $18.2M $20.5M
Cost of Revenue $23.0M $17.2M $14.8M $16.5M $19.2M
Gross Profit $382,478 $219,039 $1.1M $1.7M $1.3M
Operating Expenses $4.3M $6.7M $5.9M $4.0M $3.3M
Operating Income -$3.9M -$6.5M -$4.8M -$2.3M -$2.0M
Net Income -$3.0M -$6.5M -$6.8M -$7.3M -$8.7M
EBITDA -$3.3M -$6.0M -$6.1M -$5.9M -$7.6M
EPS $-77.75 $-133.50 $-147.75 $-70.00 $-960.04
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $5.9M $4.4M $17.3M $4.4M $517,337
Total Current Assets $27.7M $33.2M $52.9M $41.4M $37.6M
Total Assets $42.0M $47.5M $81.9M $85.4M $69.1M
Current Liabilities $9.5M $14.0M $11.0M $16.9M $11.7M
Long-Term Debt $0 $0 $4.4M $7.5M $6.4M
Total Liabilities $9.5M $14.0M $15.4M $24.4M $18.1M
Total Equity $28.5M $30.6M $63.4M $58.6M $48.4M
Retained Earnings -$1.4M -$7.9M -$14.8M -$22.1M -$30.5M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$6.3M -$10.4M -$9.1M -$10.3M -$2.2M
Capital Expenditure -$6.7M $-234,259 -$3.3M -$4.1M -$2.1M
Free Cash Flow -$13.0M -$10.6M -$12.4M -$14.4M -$4.3M
Acquisitions (net) $453,652 $0 $4.5M $0 $3.0M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $5.5M -$1.5M $12.8M -$12.8M -$3.9M
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -25.8% -8.4% +14.5% +12.4%
Gross Profit Growth -42.7% +420.2% +48.9% -21.3%
Operating Income Growth -66.7% +25.8% +51.3% +16.3%
Net Income Growth -117.0% -4.9% -7.4% -19.3%
EBITDA Growth -81.9% -2.4% +3.9% -29.5%
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27