Companies Like EVgo (NASDAQ:EVGO) Are In A Position To Invest In Growth
Companies Like EVgo (NASDAQ:EVGO) Are In A Position To Invest In Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?
僅僅因爲企業不賺錢,並不意味着股票會下跌。例如,生物技術和礦業勘探公司通常會虧損多年,然後才能通過新的處理方法或礦物發現獲得成功。但是,儘管歷史稱讚這些罕見的成功,但失敗的成功往往會被遺忘;誰還記得Pets.com呢?
So should EVgo (NASDAQ:EVGO) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we'll determine its cash runway by comparing its cash burn with its cash reserves.
那麼,EVGO(納斯達克股票代碼:EVGO)的股東應該擔心其現金消耗嗎?就本文而言,我們將現金消耗定義爲公司每年爲其增長提供資金的現金金額(也稱爲負自由現金流)。首先,我們將通過將其現金消耗與現金儲備進行比較來確定其現金流道。
Does EVgo Have A Long Cash Runway?
EVGo 的現金流是否很長?
A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When EVgo last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$162m. In the last year, its cash burn was US$125m. Therefore, from June 2024 it had roughly 16 months of cash runway. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. However, if we extrapolate the company's recent cash burn trend, then it would have a longer cash run way. You can see how its cash balance has changed over time in the image below.
公司的現金流是指以當前的現金消耗率消耗現金儲備所需的時間。當EVGO最後一次在2024年8月公佈其2024年6月資產負債表時,其債務爲零,現金價值1.62億美元。去年,其現金消耗爲1.25億美元。因此,從2024年6月起,它有大約16個月的現金流道。儘管現金流並不太令人擔憂,但明智的持有人會凝視遠方,並考慮如果公司的現金耗盡會發生什麼。但是,如果我們推斷出該公司最近的現金消耗趨勢,那麼它的現金流轉時間就會更長。您可以在下圖中看到其現金餘額如何隨着時間的推移而變化。
How Well Is EVgo Growing?
EVGo 的增長情況如何?
We reckon the fact that EVgo managed to shrink its cash burn by 54% over the last year is rather encouraging. And arguably the operating revenue growth of 82% was even more impressive. Overall, we'd say its growth is rather impressive. Clearly, however, the crucial factor is whether the company will grow its business going forward. So you might want to take a peek at how much the company is expected to grow in the next few years.
我們認爲,去年EVGO設法將其現金消耗減少了54%,這一事實相當令人鼓舞。可以說,82%的營業收入增長更加令人印象深刻。總的來說,我們可以說它的增長相當可觀。但是,顯然,關鍵因素是該公司未來是否會發展其業務。因此,你可能想看看該公司在未來幾年預計將增長多少。
How Hard Would It Be For EVgo To Raise More Cash For Growth?
EVgo籌集更多資金促進增長會有多難?
While EVgo seems to be in a fairly good position, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).
儘管EVgo似乎處於相當不錯的位置,但仍然值得考慮的是,即使只是爲了推動更快的增長,它也可以多麼容易地籌集更多現金。發行新股或承擔債務是上市公司爲其業務籌集更多資金的最常見方式。許多公司最終發行新股以資助未來的增長。通過將公司的年度現金消耗與其總市值進行比較,我們可以大致估計該公司必須發行多少股才能再經營一年(以相同的消耗率)。
Since it has a market capitalisation of US$1.3b, EVgo's US$125m in cash burn equates to about 10.0% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.
由於其市值爲13億美元,EVGO的1.25億美元現金消耗相當於其市值的10.0%左右。鑑於這個百分比相當小,公司可能很容易通過向投資者發行一些新股甚至貸款來爲下一年的增長提供資金。
Is EVgo's Cash Burn A Worry?
EVGo 的現金消耗令人擔憂嗎?
EVgo appears to be in pretty good health when it comes to its cash burn situation. Not only was its cash burn reduction quite good, but its revenue growth was a real positive. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 2 warning signs for EVgo that investors should know when investing in the stock.
就現金消耗情況而言,EVGo的健康狀況似乎相當不錯。其現金消耗減少量不僅相當不錯,而且其收入增長確實是積極的。根據本文中提到的因素,我們認爲其現金消耗情況值得股東關注,但我們認爲他們不應該擔心。對於讀者來說,意識到可能影響公司運營的風險很重要,我們已經爲EVGO挑選了兩個警告信號,投資者在投資股票時應該知道這些信號。
If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.
如果你想看看另一家基本面更好的公司,那麼千萬不要錯過這份免費的股本回報率高、債務低的有趣公司名單,也不要錯過這份預計都將增長的股票清單。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。