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Stock Comparison

ELVA vs CBAT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ELVA
Electrovaya Inc.

Electrical Equipment & Parts

IndustrialsNASDAQ • CA
Market Cap$521M
5Y Perf.+1010.5%
CBAT
CBAK Energy Technology, Inc.

Electrical Equipment & Parts

IndustrialsNASDAQ • CN
Market Cap$71M
5Y Perf.+64.6%

ELVA vs CBAT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ELVA logoELVA
CBAT logoCBAT
IndustryElectrical Equipment & PartsElectrical Equipment & Parts
Market Cap$521M$71M
Revenue (TTM)$64M$162M
Net Income (TTM)$3M$-7M
Gross Margin30.6%10.8%
Operating Margin8.7%-10.5%
Forward P/E78.3x6.1x
Total Debt$23M$30M
Cash & Equiv.$6M$7M

ELVA vs CBATLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ELVA
CBAT
StockMay 20May 26Return
Electrovaya Inc. (ELVA)1001110.5+1010.5%
CBAK Energy Technol… (CBAT)100164.6+64.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: ELVA vs CBAT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: ELVA leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. CBAK Energy Technology, Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
ELVA
Electrovaya Inc.
The Growth Play

ELVA carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 42.6%, EPS growth 286.7%, 3Y rev CAGR 59.7%
  • 111.0% 10Y total return vs CBAT's -69.7%
  • 42.6% revenue growth vs CBAT's -13.6%
Best for: growth exposure and long-term compounding
CBAT
CBAK Energy Technology, Inc.
The Income Pick

CBAT is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • Dividend streak 1 yrs, beta 1.01
  • Lower volatility, beta 1.01, Low D/E 25.1%, current ratio 0.82x
  • Beta 1.01, current ratio 0.82x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthELVA logoELVA42.6% revenue growth vs CBAT's -13.6%
ValueCBAT logoCBATLower P/E (6.1x vs 78.3x)
Quality / MarginsELVA logoELVA5.3% margin vs CBAT's -4.0%
Stability / SafetyCBAT logoCBATBeta 1.01 vs ELVA's 2.22, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)ELVA logoELVA+295.1% vs CBAT's -8.1%
Efficiency (ROA)ELVA logoELVA5.3% ROA vs CBAT's -2.0%, ROIC 10.9% vs 4.6%

ELVA vs CBAT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

ELVAElectrovaya Inc.

Segment breakdown not available.

CBATCBAK Energy Technology, Inc.
FY 2021
TotalHighPowerLithiumBatteriesUsedMember
39.8%$35M
UninterruptableSuppliesMember
38.1%$33M
PrecursorMember
10.4%$9M
CathodeMember
10.0%$9M
LightElectricVehiclesMember
0.8%$733,382
TradingOfRawMaterialsUsedInLithiumBatteriesMember
0.6%$519,796
ElectricVehiclesMember
0.3%$243,837

ELVA vs CBAT — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLELVALAGGINGCBAT

Income & Cash Flow (Last 12 Months)

ELVA leads this category, winning 4 of 5 comparable metrics.

CBAT is the larger business by revenue, generating $162M annually — 2.5x ELVA's $64M. ELVA is the more profitable business, keeping 5.3% of every revenue dollar as net income compared to CBAT's -4.0%. On growth, ELVA holds the edge at +75.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
RevenueTrailing 12 months$64M$162M
EBITDAEarnings before interest/tax$7M-$8M
Net IncomeAfter-tax profit$3M-$7M
Free Cash FlowCash after capex-$3M-$8M
Gross MarginGross profit ÷ Revenue+30.6%+10.8%
Operating MarginEBIT ÷ Revenue+8.7%-10.5%
Net MarginNet income ÷ Revenue+5.3%-4.0%
FCF MarginFCF ÷ Revenue-5.3%-5.1%
Rev. Growth (YoY)Latest quarter vs prior year+75.3%+36.5%
EPS Growth (YoY)Latest quarter vs prior year
ELVA leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

CBAT leads this category, winning 4 of 4 comparable metrics.

At 6.1x trailing earnings, CBAT trades at a 95% valuation discount to ELVA's 129.3x P/E. On an enterprise value basis, CBAT's 5.2x EV/EBITDA is more attractive than ELVA's 76.0x.

MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
Market CapShares × price$521M$71M
Enterprise ValueMkt cap + debt − cash$537M$94M
Trailing P/EPrice ÷ TTM EPS129.29x6.08x
Forward P/EPrice ÷ next-FY EPS est.78.32x
PEG RatioP/E ÷ EPS growth rate11.04x
EV / EBITDAEnterprise value multiple76.02x5.25x
Price / SalesMarket cap ÷ Revenue8.20x0.40x
Price / BookPrice ÷ Book value/share14.02x0.59x
Price / FCFMarket cap ÷ FCF3.15x
CBAT leads this category, winning 4 of 4 comparable metrics.

Profitability & Efficiency

ELVA leads this category, winning 7 of 9 comparable metrics.

ELVA delivers a 10.8% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $-6 for CBAT. CBAT carries lower financial leverage with a 0.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to ELVA's 0.72x. On the Piotroski fundamental quality scale (0–9), CBAT scores 7/9 vs ELVA's 5/9, reflecting strong financial health.

MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
ROE (TTM)Return on equity+10.8%-5.5%
ROA (TTM)Return on assets+5.3%-2.0%
ROICReturn on invested capital+10.9%+4.6%
ROCEReturn on capital employed+17.1%+7.0%
Piotroski ScoreFundamental quality 0–957
Debt / EquityFinancial leverage0.72x0.25x
Net DebtTotal debt minus cash$16M$23M
Cash & Equiv.Liquid assets$6M$7M
Total DebtShort + long-term debt$23M$30M
Interest CoverageEBIT ÷ Interest expense1.41x-24.86x
ELVA leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

ELVA leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in ELVA five years ago would be worth $17,881 today (with dividends reinvested), compared to $2,129 for CBAT. Over the past 12 months, ELVA leads with a +295.1% total return vs CBAT's -8.1%. The 3-year compound annual growth rate (CAGR) favors ELVA at 42.4% vs CBAT's 0.9% — a key indicator of consistent wealth creation.

MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
YTD ReturnYear-to-date+33.2%-8.1%
1-Year ReturnPast 12 months+295.1%-8.1%
3-Year ReturnCumulative with dividends+189.0%+2.6%
5-Year ReturnCumulative with dividends+78.8%-78.7%
10-Year ReturnCumulative with dividends+111.0%-69.7%
CAGR (3Y)Annualised 3-year return+42.4%+0.9%
ELVA leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — ELVA and CBAT each lead in 1 of 2 comparable metrics.

CBAT is the less volatile stock with a 1.01 beta — it tends to amplify market swings less than ELVA's 2.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ELVA currently trades 88.8% from its 52-week high vs CBAT's 63.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
Beta (5Y)Sensitivity to S&P 5002.22x1.01x
52-Week HighHighest price in past year$11.88$1.25
52-Week LowLowest price in past year$2.66$0.77
% of 52W HighCurrent price vs 52-week peak+88.8%+63.2%
RSI (14)Momentum oscillator 0–10056.338.4
Avg Volume (50D)Average daily shares traded343K110K
Evenly matched — ELVA and CBAT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricELVA logoELVAElectrovaya Inc.CBAT logoCBATCBAK Energy Techn…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$11.17
# AnalystsCovering analysts3
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

ELVA leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CBAT leads in 1 (Valuation Metrics). 1 tied.

Best OverallElectrovaya Inc. (ELVA)Leads 3 of 6 categories
Loading custom metrics...

ELVA vs CBAT: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is ELVA or CBAT a better buy right now?

For growth investors, Electrovaya Inc.

(ELVA) is the stronger pick with 42. 6% revenue growth year-over-year, versus -13. 6% for CBAK Energy Technology, Inc. (CBAT). CBAK Energy Technology, Inc. (CBAT) offers the better valuation at 6. 1x trailing P/E, making it the more compelling value choice. Analysts rate Electrovaya Inc. (ELVA) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — ELVA or CBAT?

On trailing P/E, CBAK Energy Technology, Inc.

(CBAT) is the cheapest at 6. 1x versus Electrovaya Inc. at 129. 3x.

03

Which is the better long-term investment — ELVA or CBAT?

Over the past 5 years, Electrovaya Inc.

(ELVA) delivered a total return of +78. 8%, compared to -78. 7% for CBAK Energy Technology, Inc. (CBAT). Over 10 years, the gap is even starker: ELVA returned +111. 0% versus CBAT's -69. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — ELVA or CBAT?

By beta (market sensitivity over 5 years), CBAK Energy Technology, Inc.

(CBAT) is the lower-risk stock at 1. 01β versus Electrovaya Inc. 's 2. 22β — meaning ELVA is approximately 120% more volatile than CBAT relative to the S&P 500. On balance sheet safety, CBAK Energy Technology, Inc. (CBAT) carries a lower debt/equity ratio of 25% versus 72% for Electrovaya Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — ELVA or CBAT?

By revenue growth (latest reported year), Electrovaya Inc.

(ELVA) is pulling ahead at 42. 6% versus -13. 6% for CBAK Energy Technology, Inc. (CBAT). On earnings-per-share growth, the picture is similar: CBAK Energy Technology, Inc. grew EPS 574. 5% year-over-year, compared to 286. 7% for Electrovaya Inc.. Over a 3-year CAGR, ELVA leads at 59. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — ELVA or CBAT?

CBAK Energy Technology, Inc.

(CBAT) is the more profitable company, earning 6. 7% net margin versus 5. 3% for Electrovaya Inc. — meaning it keeps 6. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ELVA leads at 8. 7% versus 5. 0% for CBAT. At the gross margin level — before operating expenses — ELVA leads at 30. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Which pays a better dividend — ELVA or CBAT?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is ELVA or CBAT better for a retirement portfolio?

For long-horizon retirement investors, CBAK Energy Technology, Inc.

(CBAT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 01)). Electrovaya Inc. (ELVA) carries a higher beta of 2. 22 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CBAT: -69. 7%, ELVA: +111. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between ELVA and CBAT?

Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ELVA is a small-cap high-growth stock; CBAT is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

ELVA

High-Growth Disruptor

  • Sector: Industrials
  • Market Cap > $100B
  • Revenue Growth > 37%
  • Net Margin > 5%
Run This Screen
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CBAT

High-Growth Disruptor

  • Sector: Industrials
  • Market Cap > $100B
  • Revenue Growth > 18%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform ELVA and CBAT on the metrics below

Revenue Growth>
%
(ELVA: 75.3% · CBAT: 36.5%)
P/E Ratio<
x
(ELVA: 129.3x · CBAT: 6.1x)

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