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Gogoro Inc. (GGR) 10-Year Financial Performance & Capital Metrics

GGR • • Industrial / General
Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems
AboutGogoro Inc. manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone. It also operates battery swapping infrastructure network for electric vehicles that can be deployed across the cities to provide portable power through battery vending machines. Gogoro Inc. has a strategic partnership with Foxconn Electronics Inc. The company was founded in 2011 and is based in Taoyuan City, Taiwan.Show more
  • Revenue $311M -11.2%
  • EBITDA -$45M -545.9%
  • Net Income -$123M -61.4%
  • EPS (Diluted) -9.20 -43.7%
  • Gross Margin 2.55% -82.5%
  • EBITDA Margin -14.36% -602.2%
  • Operating Margin -45.59% -80.5%
  • Net Margin -39.52% -81.8%
  • ROE -57.74% -107.9%
  • ROIC -21.95% -62.4%
  • Debt/Equity 2.23 +25.8%
  • Interest Coverage -10.02 -35.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.2x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 7 (bottom 7%)
  • ✗Sales declining 6.7% over 5 years
  • ✗Shares diluted 12.9% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-6.69%
3Y-5.32%
TTM-14.84%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-68.12%

EPS CAGR

10Y-
5Y-
3Y-
TTM-42.01%

ROCE

10Y Avg-20.42%
5Y Avg-23.96%
3Y Avg-33.46%
Latest-25.87%

Peer Comparison

Transmission & Gear Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PHINPHINIA Inc.2.7B70.1239.84-2.77%2.63%5.67%7.53%0.66
BWABorgWarner Inc.10.4B48.6032.40-0.81%0.95%2.18%6.55%0.76
GTXGarrett Motion Inc.3.74B19.2215.25-10.58%9.22%8.48%
ALSNAllison Transmission Holdings, Inc.9.28B111.5513.426.26%22.78%37.97%7.09%1.47
GGRGogoro Inc.45.8M3.10-0.34-11.21%-46.88%-99.31%2.23
WPRTWestport Fuel Systems Inc.37.5M2.16-1.70-8.89%-37.88%-75.62%0.39
KNDIKandi Technologies Group, Inc.83.69M1.02-1.733.21%-49.1%-14.35%0.24
SESSES AI Corporation693.77M2.16-6.97-490.03%-39.68%0.04

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+439.24M364.13M366.01M382.83M349.85M310.64M
Revenue Growth %--0.17%0.01%0.05%-0.09%-0.11%
Cost of Goods Sold+346.03M284.68M304.92M325.11M298.91M302.71M
COGS % of Revenue0.79%0.78%0.83%0.85%0.85%0.97%
Gross Profit+93.21M79.44M61.09M57.71M50.94M7.93M
Gross Margin %0.21%0.22%0.17%0.15%0.15%0.03%
Gross Profit Growth %--0.15%-0.23%-0.06%-0.12%-0.84%
Operating Expenses+104.3M115.94M118.41M356.04M139.31M149.55M
OpEx % of Revenue0.24%0.32%0.32%0.93%0.4%0.48%
Selling, General & Admin77.08M87.23M87.81M131.25M95.42M75.93M
SG&A % of Revenue0.18%0.24%0.24%0.34%0.27%0.24%
Research & Development27.22M28.71M30.6M45.99M40.87M34.94M
R&D % of Revenue0.06%0.08%0.08%0.12%0.12%0.11%
Other Operating Expenses000178.8M3.03M38.68M
Operating Income+-11.1M-36.5M-57.32M-298.33M-88.37M-141.62M
Operating Margin %-0.03%-0.1%-0.16%-0.78%-0.25%-0.46%
Operating Income Growth %--2.29%-0.57%-4.2%0.7%-0.6%
EBITDA+46.07M42.07M37.5M-203.52M10M-44.61M
EBITDA Margin %0.1%0.12%0.1%-0.53%0.03%-0.14%
EBITDA Growth %--0.09%-0.11%-6.43%1.05%-5.46%
D&A (Non-Cash Add-back)57.17M78.57M94.82M94.81M98.38M97.01M
EBIT-3.04M-40.59M-56.27M-87.14M-64.11M-108.62M
Net Interest Income+-4.86M-8.87M-10.46M-9.73M-8.98M-11.06M
Interest Income4.18M889K625K2.94M2.95M3.08M
Interest Expense9.03M9.75M11.09M12.67M11.93M14.13M
Other Income/Expense-978K-13.84M-10.04M199.42M12.34M18.86M
Pretax Income+-12.07M-50.34M-67.36M-98.91M-76.04M-122.75M
Pretax Margin %-0.03%-0.14%-0.18%-0.26%-0.22%-0.4%
Income Tax+1.01M-1.06M02K00
Effective Tax Rate %1.08%0.98%1%1%1%1%
Net Income+-13.09M-49.28M-67.36M-98.91M-76.04M-122.75M
Net Margin %-0.03%-0.14%-0.18%-0.26%-0.22%-0.4%
Net Income Growth %--2.77%-0.37%-0.47%0.23%-0.61%
Net Income (Continuing)-13.09M-49.28M-67.36M-98.91M-76.04M-122.75M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-1.07-5.40-10.60-9.00-6.40-9.20
EPS Growth %--4.04%-0.96%0.15%0.29%-0.44%
EPS (Basic)-1.07-5.40-10.60-9.00-6.40-9.20
Diluted Shares Outstanding12.21M8.98M6.3M11.1M11.74M13.25M
Basic Shares Outstanding12.21M8.98M6.3M11.1M11.74M13.25M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+341.9M353.76M358.03M397.9M266.14M202.82M
Cash & Short-Term Investments184.97M230.88M217.43M236.1M173.88M117.15M
Cash Only183.72M119.04M217.43M236.1M173.88M117.15M
Short-Term Investments1.25M111.84M0000
Accounts Receivable23.05M13.47M16.63M16.14M17.14M16.98M
Days Sales Outstanding19.1513.5116.5815.3917.8819.95
Inventory92.92M94.46M73.14M114.7M53.11M44.97M
Days Inventory Outstanding98.01121.1187.55128.7764.8554.23
Other Current Assets22.89M12.38M46.27M30.96M22.01M23.73M
Total Non-Current Assets+333.4M436.82M486.37M475.52M568.09M497.6M
Property, Plant & Equipment325.11M429.85M479.66M464.06M532.29M473.56M
Fixed Asset Turnover1.35x0.85x0.76x0.82x0.66x0.66x
Goodwill000000
Intangible Assets1.1M1.72M1.36M000
Long-Term Investments341K1.18M1.01M017.74M16.12M
Other Non-Current Assets4.03M704K595K11.46M18.06M7.93M
Total Assets+675.3M790.59M844.4M873.42M834.23M700.43M
Asset Turnover0.65x0.46x0.43x0.44x0.42x0.44x
Asset Growth %-0.17%0.07%0.03%-0.04%-0.16%
Total Current Liabilities+266.08M205.09M480.54M248.17M214.05M225.63M
Accounts Payable65.78M29.87M53.26M38.05M38.12M29.27M
Days Payables Outstanding69.3938.363.7542.7246.5535.29
Short-Term Debt86.81M98.39M238.43M87.98M75.59M103.02M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities65.49M43.56M134.14M98.27M77.44M71.94M
Current Ratio1.28x1.72x0.75x1.60x1.24x0.90x
Quick Ratio0.94x1.26x0.59x1.14x1.00x0.70x
Cash Conversion Cycle47.7896.3240.38101.4436.1838.88
Total Non-Current Liabilities+191.3M402.46M240.14M326.28M371.49M298.26M
Long-Term Debt148.49M250.22M195.88M293.19M334.58M253.75M
Capital Lease Obligations20.89M19.47M15.59M11.4M18.84M26.97M
Deferred Tax Liabilities000000
Other Non-Current Liabilities21.92M132.77M28.67M21.69M18.07M12.84M
Total Liabilities457.38M607.55M720.69M574.45M585.54M523.89M
Total Debt+265.77M378.96M461.06M402.65M440.31M393.18M
Net Debt82.05M259.92M243.63M166.55M266.42M276.03M
Debt / Equity1.22x2.07x3.73x1.35x1.77x2.23x
Debt / EBITDA5.77x9.01x12.29x-44.01x-
Net Debt / EBITDA1.78x6.18x6.50x-26.63x-
Interest Coverage-1.23x-3.74x-5.17x-23.54x-7.41x-10.02x
Total Equity+217.92M183.03M123.71M298.97M248.69M176.54M
Equity Growth %--0.16%-0.32%1.42%-0.17%-0.29%
Book Value per Share17.8520.3919.6226.9321.1813.32
Total Shareholders' Equity217.92M183.03M123.71M298.97M248.69M176.54M
Common Stock14K14K15K24K24K29K
Retained Earnings-302.63M-49.25M-116.61M-349.94M-425.98M-548.73M
Treasury Stock000000
Accumulated OCI4.2M18.59M21.6M5.42M4.73M-9.22M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+25.37M756K80.79M-64.79M59.09M9.85M
Operating CF Margin %0.06%0%0.22%-0.17%0.17%0.03%
Operating CF Growth %--0.97%105.87%-1.8%1.91%-0.83%
Net Income-12.07M-49.28M-67.36M-98.91M-76.04M-122.75M
Depreciation & Amortization57.17M78.57M94.82M94.81M98.38M97.01M
Stock-Based Compensation01.06M5.04M37.91M011.64M
Deferred Taxes0-1.06M-9.99M2K00
Other Non-Cash Items2.17M11.11M17.91M-22.45M18.21M33.02M
Working Capital Changes-21.9M-39.64M40.38M-76.15M18.55M-9.07M
Change in Receivables-7.41M5.63M-3.67M-41K-1.48M-306K
Change in Inventory-72.2M-7.93M21.2M-44.61M21.71M3.77M
Change in Payables24.66M-35.91M23.39M0-762K0
Cash from Investing+-177.58M-251.76M-41.52M-101.1M-136.63M-128.72M
Capital Expenditures-176.97M-145.68M-128.41M-123.1M-118.28M-124.42M
CapEx % of Revenue0.4%0.4%0.35%0.32%0.34%0.4%
Acquisitions------
Investments------
Other Investing590K-12K2.75M-4.48M-462K-4.3M
Cash from Financing+32.24M187.26M61.76M186.4M15.15M33.81M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid0-1.22M-7M-2.09M00
Share Repurchases------
Other Financing-15K44K-103K32.48M-12.7M-192K
Net Change in Cash------
Free Cash Flow+-151.59M-144.93M-47.61M-188.48M-58.72M-114.65M
FCF Margin %-0.35%-0.4%-0.13%-0.49%-0.17%-0.37%
FCF Growth %-0.04%0.67%-2.96%0.69%-0.95%
FCF per Share-12.41-16.14-7.55-16.98-5.00-8.65
FCF Conversion (FCF/Net Income)-1.94x-0.02x-1.20x0.66x-0.78x-0.08x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-6.01%-24.58%-43.92%-46.8%-27.77%-57.74%
Return on Invested Capital (ROIC)-2.77%-7.37%-10.61%-53.73%-13.52%-21.95%
Gross Margin21.22%21.82%16.69%15.08%14.56%2.55%
Net Margin-2.98%-13.53%-18.4%-25.84%-21.73%-39.52%
Debt / Equity1.22x2.07x3.73x1.35x1.77x2.23x
Interest Coverage-1.23x-3.74x-5.17x-23.54x-7.41x-10.02x
FCF Conversion-1.94x-0.02x-1.20x0.66x-0.78x-0.08x
Revenue Growth--17.1%0.52%4.59%-8.61%-11.21%

Revenue by Segment

2021202220232024
Leasing10.3M10.65M13.25M13.59M
Leasing Growth-3.39%24.41%2.53%
Other Products And Services1.14M9.09M10.79M10.53M
Other Products And Services Growth-699.03%18.77%-2.46%
Products248.14M---
Products Growth----
Energy Services99.59M---
Energy Services Growth----
Sales-Related Services6.84M---
Sales-Related Services Growth----

Revenue by Geography

2021202220232024
Country of domicile354.23M360.62M--
Country of domicile Growth-1.80%--
Foreign countries11.78M22.21M--
Foreign countries Growth-88.55%--

Frequently Asked Questions

Growth & Financials

Gogoro Inc. (GGR) reported $280.2M in revenue for fiscal year 2024. This represents a 36% decrease from $439.2M in 2019.

Gogoro Inc. (GGR) saw revenue decline by 11.2% over the past year.

Gogoro Inc. (GGR) reported a net loss of $131.4M for fiscal year 2024.

Dividend & Returns

Gogoro Inc. (GGR) has a return on equity (ROE) of -57.7%. Negative ROE indicates the company is unprofitable.

Gogoro Inc. (GGR) had negative free cash flow of $89.8M in fiscal year 2024, likely due to heavy capital investments.

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