Consumer Cyclical · Auto - Recreational Vehicles
Price
$1.32
Market Cap
$298,785
Employees
60
Beta
1.61
Avg Volume
1,251,461
CEO
Jianhui Ye
Business Description
EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People’s Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Control System; and Others. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and distributes and trades battery cells and packs. It designs and sells intelligent robots; electric vehicle accessories, such as batteries, charging piles and electronic control system; and electronic control systems under the Hengdian brand name; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, such as raincoats, helmets, and mobile phone brackets. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services; manufacturing of industrial automatic control devices and systems; and equipment maintenance and repairment activities. Further, it offers its e-bicycles and e-tricycles under the Cenbird and EZGO brands. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. The company was founded in 2014 and is headquartered in Changzhou, China.
Business History
Price History (1 Year)
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)
CALCStock Price / EPS (Diluted)
0.00
Stock Price: $1.32
EPS (Diluted): -960.04
EPS (Diluted): -960.04
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.00
Stock Price: $1.32
Total Equity: $48.40M
Shares: 9,054
Total Equity: $48.40M
Shares: 9,054
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.44
Market Cap: $298,785
Total Debt: $11.43M
Cash: $517,337
EBITDA: -$7.57M
Total Debt: $11.43M
Cash: $517,337
EBITDA: -$7.57M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$10.9M
Market Cap: $298,785
Total Debt: $11.43M
Cash: $517,337
Total Debt: $11.43M
Cash: $517,337
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.00
Stock Price: $1.32
Revenue: $20.49M
Shares: 9,054
Revenue: $20.49M
Shares: 9,054
EV/Sales (Total value vs revenue — works when P/E can't)
API0.53
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
6.5%
Gross Profit: $1.33M
Revenue: $20.49M
Revenue: $20.49M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-9.5%
Operating Income: -$1.95M
Revenue: $20.49M
Revenue: $20.49M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-42.4%
Net Income: -$8.69M
Revenue: $20.49M
Revenue: $20.49M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-18.0%
Net Income: -$8.69M
Total Equity: $48.40M
Total Equity: $48.40M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-3.7%
Operating Income: -$1.95M
Tax Rate: -12.1%
Equity: $48.40M
Total Debt: $11.43M
Cash: $517,337
Tax Rate: -12.1%
Equity: $48.40M
Total Debt: $11.43M
Cash: $517,337
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.21
Current Assets: $37.55M
Current Liabilities: $11.68M
Current Liabilities: $11.68M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.24
Short-Term Debt: $5.00M
Long-Term Debt: $6.43M
Total Debt: $11.43M
Total Equity: $48.40M
Long-Term Debt: $6.43M
Total Debt: $11.43M
Total Equity: $48.40M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$2,262.65
Revenue: $20.49M
Shares: 9,054
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
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: -$2.08M
Shares: 9,054
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.32
Stock Price: $1.32
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$8.69M
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)
Last updated: Jun 24, 2026 12:14am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $23.4M | $17.4M | $9.2M | $18.2M | $20.5M |
| Cost of Revenue | $23.0M | $17.2M | $8.1M | $16.5M | $19.2M |
| Gross Profit | $382,478 | $219,039 | $1.0M | $1.7M | $1.3M |
| Operating Expenses | $4.3M | $6.7M | $4.2M | $4.0M | $3.3M |
| Operating Income | -$3.9M | -$6.5M | -$3.2M | -$2.3M | -$2.0M |
| Net Income | -$3.0M | -$6.5M | -$6.8M | -$7.3M | -$8.7M |
| EBITDA | -$3.3M | -$6.0M | -$3.4M | -$5.9M | -$7.6M |
| EPS | $-77.75 | $-133.50 | $-147.75 | $-70.00 | $-960.04 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 12:14am (3d ago)| 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)
Last updated: Jun 24, 2026 12:14am (3d ago)| 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 %)
Last updated: Jun 24, 2026 12:14am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -25.8% | -47.3% | +98.9% | +12.4% |
| Gross Profit Growth | -42.7% | +371.9% | +64.1% | -21.3% |
| Operating Income Growth | -66.7% | +50.7% | +26.8% | +16.3% |
| Net Income Growth | -117.0% | -4.9% | -7.4% | -19.3% |
| EBITDA Growth | -81.9% | +43.4% | -72.5% | -29.2% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for EZGO — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30