Carbon Revolution Public Limited Ordinary Shares (CREV) 10-Year Financial Performance & Capital Metrics

CREV • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentSpecialty Vehicle ComponentsSpecialty & Performance Parts

AboutCarbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.Show more

Revenue $71M +86.8%
EBITDA -$195M -5660.4%
Net Income -$221M -179.1%
EPS (Diluted) 0.00 +100.0%
Gross Margin -155.07% -252.4%
EBITDA Margin -272.84% -2984.2%
Operating Margin -235.94% -83.1%
Net Margin -309.38% -49.4%
ROE -
ROIC -2707.43% -11506.8%
Debt/Equity -
Interest Coverage -6.46 +52.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 100.0% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 6 (bottom 6%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y26.94%

TTM222.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-623.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM-5773.46%

ROCE

10Y Avg-77.71%

5Y Avg-77.71%

3Y Avg-112.56%

Latest-306.2%

Peer Comparison

Specialty & Performance Parts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FOXFFox Factory Holding Corp.	806.77M	19.30	120.63	-4.8%	-17.66%	-26.96%	10.88%	0.60
WKSPWorksport Ltd.	18.57M	2.25	-0.39	454.67%	-134.17%	-96.04%		0.32
HLLYHolley Inc.	503.94M	4.22	-21.10	-8.71%	-4.16%	-5.66%	7.96%	1.32
CREVCarbon Revolution Public Limited Ordinary Shares	3.24M	1.68		86.77%	-79.61%
CREVWCarbon Revolution Public Limited Company Warrant		0.01		86.77%	-309.38%

Profit & Loss

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	26.88M	34.94M	40.34M	38.26M	71.46M
Revenue Growth %	-	0.3%	0.15%	-0.05%	0.87%
Cost of Goods Sold+	34.86M	49.23M	57.45M	55.09M	182.27M
COGS % of Revenue	1.3%	1.41%	1.42%	1.44%	2.55%
Gross Profit+	-7.99M	-14.29M	-17.11M	-16.83M	-110.81M
Gross Margin %	-0.3%	-0.41%	-0.42%	-0.44%	-1.55%
Gross Profit Growth %	-	-0.79%	-0.2%	0.02%	-5.58%
Operating Expenses+	69.54M	27M	2.33M	32.46M	57.79M
OpEx % of Revenue	2.59%	0.77%	0.06%	0.85%	0.81%
Selling, General & Admin	9.01M	16.63M	14.7M	16.06M	19.84M
SG&A % of Revenue	0.34%	0.48%	0.36%	0.42%	0.28%
Research & Development	4.8M	10.51M	16.93M	16.18M	36.1M
R&D % of Revenue	0.18%	0.3%	0.42%	0.42%	0.51%
Other Operating Expenses	0	0	272K	220K	1.85M
Operating Income+	-20.32M	-34.79M	-2.33M	-49.29M	-168.6M
Operating Margin %	-0.76%	-1%	-0.06%	-1.29%	-2.36%
Operating Income Growth %	-	-0.71%	0.93%	-20.12%	-2.42%
EBITDA+	-17.12M	-29.93M	2.5M	-3.38M	-194.97M
EBITDA Margin %	-0.64%	-0.86%	0.06%	-0.09%	-2.73%
EBITDA Growth %	-	-0.75%	1.08%	-2.35%	-56.6%
D&A (Non-Cash Add-back)	3.2M	4.86M	4.83M	45.91M	0
EBIT	-20.32M	-34.79M	-46.64M	-75.61M	-194.97M
Net Interest Income+	1.18M	-1.62M	-1.3M	-5.44M	-26.87M
Interest Income	1.18M	84K	94K	61K	202K
Interest Expense	0	1.21M	1.18M	3.61M	26.12M
Other Income/Expense	-58.39M	-1.21M	-12.78M	-29.93M	-52.48M
Pretax Income+	-78.71M	-36M	6.22M	-79.22M	-221.08M
Pretax Margin %	-2.93%	-1.03%	0.15%	-2.07%	-3.09%
Income Tax+	0	0	-4.83M	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%
Net Income+	-78.71M	-36M	6.22M	-79.22M	-221.08M
Net Margin %	-2.93%	-1.03%	0.15%	-2.07%	-3.09%
Net Income Growth %	-	0.54%	1.17%	-13.73%	-1.79%
Net Income (Continuing)	-78.71M	-36M	-47.82M	-79.22M	-221.08M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-7.85	-2.32	0.23	-3.80	0.00
EPS Growth %	-	0.7%	1.1%	-17.52%	1%
EPS (Basic)	-7.87	-2.32	0.23	-3.80	0.00
Diluted Shares Outstanding	10.03M	15.55M	26.64M	20.85M	0
Basic Shares Outstanding	10M	15.55M	26.64M	20.85M	0
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	70.38M	118.64M	2.05M	71.48M	57.9M
Cash & Short-Term Investments	33.86M	87.26M	1.71M	19.58M	3.71M
Cash Only	33.86M	87.26M	1.71M	19.58M	3.71M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	6.74M	12.15M	20.39M	13.62M	22.49M
Days Sales Outstanding	91.57	126.96	184.53	129.95	114.88
Inventory	27.83M	18.18M	20.16M	22.17M	28.84M
Days Inventory Outstanding	291.31	134.78	128.12	146.9	57.75
Other Current Assets	1.95M	1.05M	1.59M	16.1M	2.87M
Total Non-Current Assets+	59.69M	65.05M	213.16M	86.86M	7M
Property, Plant & Equipment	53.33M	55.3M	65.18M	70.08M	0
Fixed Asset Turnover	0.50x	0.63x	0.62x	0.55x	-
Goodwill	5.54M	0	0	0	0
Intangible Assets	826K	9.75M	14.36M	955K	17.15M
Long-Term Investments	0	0	213.1M	0	0
Other Non-Current Assets	0	0	57.99K	15.82M	-10.15M
Total Assets+	130.07M	183.69M	215.21M	158.34M	64.9M
Asset Turnover	0.21x	0.19x	0.19x	0.24x	1.10x
Asset Growth %	-	0.41%	0.17%	-0.26%	-0.59%
Total Current Liabilities+	40.27M	27.23M	1.57M	45.57M	67.54M
Accounts Payable	16.96M	4.37M	5.13M	3.83M	27.53M
Days Payables Outstanding	177.58	32.38	32.58	25.36	55.13
Short-Term Debt	18.67M	12.23M	18.69M	13.83M	14.01M
Deferred Revenue (Current)	798K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.85M	3.65M	-28.68M	12.96M	4.36M
Current Ratio	1.75x	4.36x	1.31x	1.57x	0.86x
Quick Ratio	1.06x	3.69x	-11.51x	1.08x	0.43x
Cash Conversion Cycle	205.31	229.35	280.06	251.49	117.49
Total Non-Current Liabilities+	12.47M	19.73M	14.82M	97.03M	184.32M
Long-Term Debt	0	6.53M	4.33M	70.83M	89.41M
Capital Lease Obligations	8.54M	7.81M	7.46M	7.37M	7.06M
Deferred Tax Liabilities	0	0	-17.33M	0	0
Other Non-Current Liabilities	3.94M	611K	3.03M	18.83M	70M
Total Liabilities	52.74M	46.97M	16.4M	142.61M	251.86M
Total Debt+	28.19M	27.12M	31.06M	92.67M	111.19M
Net Debt	-5.67M	-60.14M	29.34M	73.09M	107.48M
Debt / Equity	0.36x	0.20x	0.16x	5.89x	-
Debt / EBITDA	-	-	12.42x	-	-
Net Debt / EBITDA	-	-	11.73x	-	-
Interest Coverage	-	-28.78x	-1.98x	-13.66x	-6.46x
Total Equity+	77.33M	136.73M	198.82M	15.73M	-186.96M
Equity Growth %	-	0.77%	0.45%	-0.92%	-12.89%
Book Value per Share	7.71	8.79	7.46	0.75	-
Total Shareholders' Equity	77.33M	136.73M	198.82M	15.73M	-186.96M
Common Stock	291.23M	381.89M	213.1M	386.43M	0
Retained Earnings	-214.82M	-250.82M	-14.28M	-377.87M	-196.46M
Treasury Stock	0	0	0	0	0
Accumulated OCI	924K	5.66M	6.75M	7.48M	1.99M
Minority Interest	0	0	0	0	0

Cash Flow

	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-21.38M	-14.23M	-1.16M	-34.96M	-76.84M
Operating CF Margin %	-0.8%	-0.41%	-0.03%	-0.91%	-1.08%
Operating CF Growth %	-	0.33%	0.92%	-29.17%	-1.2%
Net Income	-78.71M	-26.99M	6.22M	0	0
Depreciation & Amortization	3.7M	5.37M	5.29M	5.44M	0
Stock-Based Compensation	1.16M	4.29M	2.19M	2.06M	0
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	63.01M	2M	-8.56M	-52.81M	-76.84M
Working Capital Changes	-10.54M	1.1M	1.18M	10.36M	0
Change in Receivables	794.34K	-3.2M	-5.69M	0	0
Change in Inventory	-11.45M	3.81M	1.54M	0	0
Change in Payables	0	0	0	0	0
Cash from Investing+	-18.58M	-16.56M	-213.09M	-11.96M	-25.08M
Capital Expenditures	-10.1M	-16.56M	-21.64M	-13.08M	-19.63M
CapEx % of Revenue	0.38%	0.47%	0.54%	0.34%	0.27%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	-8.48M	-2.99M	-4.15M	1.12M	-5.44M
Cash from Financing+	31.55M	88.95M	215.96M	44.27M	85.11M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	31.55M	-5.12M	-422K	-36.87M	8.09M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-31.48M	-30.79M	-22.8M	-18.64M	-101.92M
FCF Margin %	-1.17%	-0.88%	-0.57%	-0.49%	-1.43%
FCF Growth %	-	0.02%	0.26%	0.18%	-4.47%
FCF per Share	-3.14	-1.98	-0.86	-0.89	-
FCF Conversion (FCF/Net Income)	0.27x	0.40x	-0.19x	0.44x	0.35x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-101.78%	-33.64%	3.71%	-73.85%	-
Return on Invested Capital (ROIC)	-	-35.2%	-1.15%	-23.33%	-2707.43%
Gross Margin	-29.72%	-40.92%	-42.42%	-44%	-155.07%
Net Margin	-292.84%	-103.04%	15.43%	-207.06%	-309.38%
Debt / Equity	0.36x	0.20x	0.16x	5.89x	-
Interest Coverage	-	-28.78x	-1.98x	-13.66x	-6.46x
FCF Conversion	0.27x	0.40x	-0.19x	0.44x	0.35x
Revenue Growth	-	29.99%	15.45%	-5.15%	86.77%

Revenue by Segment

	2024
Engineering services	1.7M
Engineering services Growth	-

Frequently Asked Questions

Growth & Financials

Carbon Revolution Public Limited Ordinary Shares (CREV) reported $57.6M in revenue for fiscal year 2024. This represents a 114% increase from $26.9M in 2020.

Carbon Revolution Public Limited Ordinary Shares (CREV) grew revenue by 86.8% over the past year. This is strong growth.

Carbon Revolution Public Limited Ordinary Shares (CREV) reported a net loss of $45.9M for fiscal year 2024.

Dividend & Returns

Carbon Revolution Public Limited Ordinary Shares (CREV) had negative free cash flow of $62.0M in fiscal year 2024, likely due to heavy capital investments.

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