Elite Express (ETS)
Market Price (5/13/2026): $0.571 | Market Cap: $9.5 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Elite Express (ETS)
Market Price (5/13/2026): $0.571Market Cap: $9.5 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Future of Freight, and Automation & Robotics. Themes include Last-Mile Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -163% | Penny stockMkt Price is 0.6 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -136%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -136% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -27% High stock price volatilityVol 12M is 103% Key risksETS key risks include [1] a heavy dependence on FedEx, Show more. |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Future of Freight, and Automation & Robotics. Themes include Last-Mile Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -163% |
| Penny stockMkt Price is 0.6 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -136%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -136% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -27% |
| High stock price volatilityVol 12M is 103% |
| Key risksETS key risks include [1] a heavy dependence on FedEx, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Elite Express (ETS) reported a significant improvement in its Q1 2026 financial performance, with revenue increasing by 16.3% year-over-year to $805,298. The company also managed to reduce its net loss by 46.3% to $110,104 for the quarter ending February 28, 2026, compared to the same period in the prior year.
2. The company demonstrated enhanced operational efficiency, turning a gross loss of $32,407 in Q1 2025 into a gross profit of $157,365 in Q1 2026. This resulted in a substantial improvement in gross margin to 19.4% from negative 4.7%, primarily attributed to lower vehicle repair and maintenance costs and reduced depreciation expenses, reflecting optimized fleet utilization and route management.
Show more
Stock Movement Drivers
Fundamental Drivers
The 6.0% change in ETS stock from 1/31/2026 to 5/12/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.52 | 0.55 | 6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 3 | 0.0% |
| P/S Multiple | � | 3.3 | 0.0% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| ETS | 6.0% | |
| Market (SPY) | 7.0% | -12.1% |
| Sector (XLK) | 21.9% | -12.4% |
Fundamental Drivers
The -22.5% change in ETS stock from 10/31/2025 to 5/12/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.71 | 0.55 | -22.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 3 | 0.0% |
| P/S Multiple | � | 3.3 | 0.0% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| ETS | -22.5% | |
| Market (SPY) | 8.8% | -5.0% |
| Sector (XLK) | 16.9% | -0.5% |
Fundamental Drivers
nullnull
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| ETS | ||
| Market (SPY) | 34.6% | -6.7% |
| Sector (XLK) | 67.8% | -0.9% |
Fundamental Drivers
nullnull
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| ETS | ||
| Market (SPY) | 84.4% | -6.7% |
| Sector (XLK) | 137.2% | -0.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ETS Return | - | - | - | - | -86% | 14% | -84% |
| Peers Return | 31% | -22% | 52% | 10% | -5% | 24% | 103% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| ETS Win Rate | - | - | - | - | 0% | 40% | |
| Peers Win Rate | 63% | 47% | 60% | 45% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ETS Max Drawdown | - | - | - | - | -86% | -14% | |
| Peers Max Drawdown | -7% | -34% | -8% | -14% | -30% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UPS, FDX, XPO, ODFL, SNDR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
ETS has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.7% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
ETS has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.7% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Elite Express (ETS)
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Elite Express (ETS):
Elite Express is like an Amazon Delivery Service Partner (DSP), but exclusively for FedEx.
Think of it as a dedicated, regional contractor managing a fleet of trucks solely for FedEx Ground's last-mile deliveries.
AI Analysis | Feedback
- Last-Mile Delivery Services: Elite Express specializes in the pickup of packages from distribution hubs and their subsequent delivery to recipients’ doorsteps within California, exclusively for FedEx.
AI Analysis | Feedback
Elite Express (ETS) has one major customer:
- FedEx (FDX)
AI Analysis | Feedback
GroundCloud
AI Analysis | Feedback
Yidan Chen Chief Executive Officer, President, Director, and Interim Chief Financial Officer and Principal Accounting Officer
Ms. Chen has served as Elite Express's CEO, President, and Director since January 2025. She also assumed the role of interim Chief Financial Officer and Principal Accounting Officer in December 2025 following the resignation of the previous CFO. She brings over 25 years of experience in investment management and executive leadership from both the U.S. and China. Ms. Chen holds a Bachelor's degree from Southwest Agricultural University.
Huan Liu Chairman of the Board of Directors
Mr. Liu has served as Elite Express's Chairman of the Board since June 2024. He is the founder and CEO of Cheetah Net (Nasdaq: CTNT), demonstrating extensive experience in business development, investor relations, and corporate administration. Mr. Liu holds a Master's in Finance from Brandeis University and a Bachelor's in Finance and Law from Harbin Engineering University.
AI Analysis | Feedback
1. Sole Customer Reliance: Elite Express is entirely dependent on a single customer, FedEx, for 100% of its revenue. This creates a significant business risk, as any adverse changes in the relationship with FedEx, such as contract termination, reduced volume, or unfavorable renegotiation of terms, could severely impact Elite Express's financial stability and operational viability.
2. Consistent Net Losses: Elite Express has consistently reported net losses across all provided financial periods, including a net loss of $208,390 for the year ended November 30, 2023 (Predecessor), $77,735 for December 1, 2023 to October 25, 2024 (Predecessor), $300,703 for October 26, 2024 to November 30, 2024 (Successor), and $312,603 for the six months ended May 31, 2025. This sustained unprofitability poses a substantial risk to the company's long-term sustainability and ability to fund operations and growth.
AI Analysis | Feedback
nullAI Analysis | Feedback
null
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Elite Express (ETS) Over the Next 2-3 Years
Elite Express (ETS) anticipates several key drivers for revenue growth over the next two to three years, primarily focused on expanding its operational footprint, diversifying its customer base, and leveraging technological advancements:
- Expansion of Delivery Routes and Customer Base: Elite Express plans to expand its delivery routes and broaden its customer base beyond its current sole customer, FedEx. The company aims to actively explore opportunities to partner with additional carriers to diversify its revenue streams and strengthen its market presence.
- Strategic Acquisitions: The company intends to utilize proceeds from its initial public offering (IPO) to pursue equity and asset acquisitions, along with other strategic investments. These acquisitions are focused on supporting its growth strategy.
- Fleet Expansion: Elite Express is focused on expanding its fleet capacity to meet increasing demand for its last-mile delivery services.
- Enhancing Operational Efficiency through Technology: The company plans to leverage technology to scale operations, enhance efficiency, and integrate advanced logistics solutions. This includes strategic investments in vehicles, the transition to electric vehicles, and operational infrastructure, including tools and software.
- Growth in E-commerce Demand: Elite Express believes the rapid growth of e-commerce is a significant driving force for increased demand in last-mile delivery services. The company expects to benefit from rising delivery volumes as consumer habits continue to shift towards online shopping.
AI Analysis | Feedback
Share Issuance
- Elite Express Holding Inc. completed its Initial Public Offering (IPO) on August 22, 2025, selling 3,800,000 shares of Class A common stock at $4.00 per share, which generated approximately $15.2 million in gross proceeds.
- On March 10, 2026, the company agreed to sell 32,000,000 Class A Common shares at $0.25 per share in a private placement to eight non-U.S. investors, for gross proceeds of $8,000,000. This transaction is expected to close within ninety days of March 10, 2026.
- In December 2024, Elite Express completed a 1-for-6 reverse stock split for both Class A and Class B shares to meet listing requirements and improve marketability.
Inbound Investments
- On March 10, 2026, Elite Express entered into a Stock Purchase Agreement with eight non-U.S. investors for a private placement, resulting in aggregate gross proceeds of $8,000,000.
Outbound Investments
- For the fiscal year ended November 30, 2025, Elite Express originated loans receivable totaling $10.0 million.
- The company plans to utilize proceeds from its IPO to pursue equity and asset acquisitions and other strategic investments aimed at expanding delivery routes and diversifying its customer base.
Capital Expenditures
- For the last 12 months (prior to March 11, 2026), Elite Express reported capital expenditures of approximately -$86,325.
- Research and development expenses totaled $0.9 million for the fiscal year ended November 30, 2025, a strategic investment focused on developing a B2B delivery aggregation platform.
- Following the acquisition date of JAR Transportation Inc. on October 25, 2024, the company adopted a proactive investment strategy to expand capacity, enhance efficiency, and integrate advanced logistics solutions, including investments in vehicles and operational infrastructure.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Elite Express Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to ETS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 144.78 |
| Mkt Cap | 31.4 |
| Rev LTM | 6,984 |
| Op Inc LTM | 1,050 |
| FCF LTM | 738 |
| FCF 3Y Avg | 928 |
| CFO LTM | 1,217 |
| CFO 3Y Avg | 1,519 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.4% |
| Rev Chg 3Y Avg | -3.6% |
| Rev Chg Q | 3.3% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | -10.3% |
| Op Inc Chg 3Y Avg | -9.7% |
| Op Mgn LTM | 7.7% |
| Op Mgn 3Y Avg | 8.5% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 10.4% |
| CFO/Rev 3Y Avg | 10.7% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 4.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 31.4 |
| P/S | 1.9 |
| P/Op Inc | 21.8 |
| P/EBIT | 21.6 |
| P/E | 30.0 |
| P/CFO | 10.4 |
| Total Yield | 3.2% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.5% |
| 3M Rtn | -1.8% |
| 6M Rtn | 34.5% |
| 12M Rtn | 14.0% |
| 3Y Rtn | 20.4% |
| 1M Excs Rtn | -13.0% |
| 3M Excs Rtn | -8.4% |
| 6M Excs Rtn | 22.6% |
| 12M Excs Rtn | -6.0% |
| 3Y Excs Rtn | -60.9% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/27/2026 | -0.4% | -0.9% | 64.5% |
| 10/14/2025 | 1.5% | 1.5% | -29.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 1 | 1 | 1 |
| Median Positive | 1.5% | 1.5% | 64.5% |
| Median Negative | -0.4% | -0.9% | -29.8% |
| Max Positive | 1.5% | 1.5% | 64.5% |
| Max Negative | -0.4% | -0.9% | -29.8% |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.