Microvast (MVST)
Market Price (11/8/2025): $4.94 | Market Cap: $1.6 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Microvast (MVST)
Market Price (11/8/2025): $4.94Market Cap: $1.6 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% | Expensive valuation multiplesP/SPrice/Sales ratio is 3.8x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 35x | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% | Stock price has recently run up significantly6M Rtn6 month market price return is 124%, 12M Rtn12 month market price return is 2970% | |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% | ||
| 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 -12% | ||
| High stock price volatilityVol 12M is 365% | ||
| Short seller reportGrizzly Reports report on 6/25/2025. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 3.8x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 35x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 124%, 12M Rtn12 month market price return is 2970% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% |
| 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 -12% |
| High stock price volatilityVol 12M is 365% |
| Short seller reportGrizzly Reports report on 6/25/2025. |
Market Valuation & Key Metrics
MVST Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MVST Return | 72% | -67% | -73% | -8% | 48% | 133% | -52% |
| Peers Return | 23% | 0% | -4% | 14% | -27% | -24% | -25% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| MVST Win Rate | 67% | 33% | 33% | 42% | 25% | 60% | |
| Peers Win Rate | 37% | 30% | 27% | 30% | 38% | 46% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| MVST Max Drawdown | -5% | -68% | -75% | -38% | -89% | -44% | |
| Peers Max Drawdown | -39% | -9% | -23% | -7% | -40% | -50% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PATK, VC, CVGI, CREV, INEO.
[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] 2025 data is for the year up to 11/7/2025 (YTD)
How Low Can It Go
| Event | MVST | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -96.1% | -25.4% |
| % Gain to Breakeven | 2478.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -22.0% | -33.9% |
| % Gain to Breakeven | 28.2% | 51.3% |
| Time to Breakeven | 7 days | 148 days |
Compare to PATK, VC, CVGI, CREV, INEO
In The Past
Microvast's stock fell -96.1% during the 2022 Inflation Shock from a high on 2/1/2021. A -96.1% loss requires a 2478.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to MVST. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.8% | 5.8% | 0.0% |
| 10312025 | DECK | Deckers Outdoor | 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 | 0.3% | 0.3% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -3.2% | -3.2% | -5.9% |
| 10242025 | GNTX | Gentex | 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 | -0.7% | -0.7% | -2.5% |
| 10172025 | LNW | Light & Wonder | 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 | 5.8% | 5.8% | -6.2% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.8% | 5.8% | 0.0% |
| 10312025 | DECK | Deckers Outdoor | 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 | 0.3% | 0.3% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -3.2% | -3.2% | -5.9% |
| 10242025 | GNTX | Gentex | 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 | -0.7% | -0.7% | -2.5% |
| 10172025 | LNW | Light & Wonder | 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 | 5.8% | 5.8% | -6.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Microvast
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.46 |
| Mkt Cap | 2.3 |
| Rev LTM | 2,218 |
| Op Inc LTM | 153 |
| FCF LTM | 104 |
| FCF 3Y Avg | 139 |
| CFO LTM | 173 |
| CFO 3Y Avg | 205 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.0% |
| Rev Chg 3Y Avg | -2.2% |
| Rev Chg Q | -0.2% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 4.7% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 9.2% |
| CFO/Rev 3Y Avg | 7.2% |
| FCF/Rev LTM | 5.4% |
| FCF/Rev 3Y Avg | 4.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.3 |
| P/S | 0.8 |
| P/EBIT | -3.7 |
| P/E | 4.1 |
| P/CFO | 8.6 |
| Total Yield | -1.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.9% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -6.7% |
| 3M Rtn | -11.3% |
| 6M Rtn | 27.8% |
| 12M Rtn | 13.6% |
| 3Y Rtn | 41.9% |
| 1M Excs Rtn | -5.3% |
| 3M Excs Rtn | -16.6% |
| 6M Excs Rtn | 8.9% |
| 12M Excs Rtn | 3.3% |
| 3Y Excs Rtn | -37.7% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2025 | 10.3% | -3.1% | 8.0% |
| 3/31/2025 | 32.5% | 53.8% | 65.0% |
| 11/12/2024 | 340.0% | 245.8% | 597.3% |
| 4/2/2024 | 2.8% | -14.2% | -31.5% |
| 11/9/2023 | 11.6% | 4.4% | -6.8% |
| 8/8/2023 | -14.4% | -15.6% | -12.3% |
| 3/16/2023 | -3.9% | -7.0% | -2.3% |
| 11/10/2022 | 0.8% | -6.1% | -19.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 4 | 4 |
| # Negative | 2 | 8 | 8 |
| Median Positive | 8.2% | 43.9% | 41.6% |
| Median Negative | -9.1% | -6.6% | -17.5% |
| Max Positive | 340.0% | 245.8% | 597.3% |
| Max Negative | -14.4% | -15.6% | -31.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8112025 | 10-Q 6/30/2025 |
| 3312025 | 5122025 | 10-Q 3/31/2025 |
| 12312024 | 3312025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 4012024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 3162023 | 10-K 12/31/2022 |
| 9302022 | 11102022 | 10-Q 9/30/2022 |
| 6302022 | 8112022 | 10-Q 6/30/2022 |
| 3312022 | 5162022 | 10-Q 3/31/2022 |
| 12312021 | 3292022 | 10-K 12/31/2021 |
| 9302021 | 11152021 | 10-Q 9/30/2021 |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |