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EZGO Technologies Ltd. (EZGO) 10-Year Financial Performance & Capital Metrics

EZGO • • Industrial / General
Consumer CyclicalRecreational VehiclesElectric Mobility & ComponentsElectric Vehicle & Powertrain Developers
AboutEZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and e-tricycles in the People's Republic of China. It is also involved the rental and sale of lithium batteries; and sale, franchising, and operation of smart charging piles for e-bicycles and other electronic devices. The company offers its e-bicycles and e-tricycles under the Dilang, Cenbird, and EZGO brands; and smart charging piles under the Hengdian brand. Further, it sells battery packs and cells. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. EZGO Technologies Ltd. was founded in 2014 and is headquartered in Changzhou, China.Show more
  • Revenue $21M +32.7%
  • EBITDA -$3M +9.5%
  • Net Income -$7M -7.4%
  • EPS (Diluted) -70.00 +52.6%
  • Gross Margin 7.14% -0.2%
  • EBITDA Margin -15.46% +31.8%
  • Operating Margin -19.95% +33.7%
  • Net Margin -34.47% +19.1%
  • ROE -11.43% +15.7%
  • ROIC -4.96% +39.8%
  • Debt/Equity 0.24 +163.8%
  • Interest Coverage -45.13
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 32.4%
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 3 (bottom 3%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* 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-
5Y32.4%
3Y-3.37%
TTM4.52%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM24.82%

EPS CAGR

10Y-
5Y-
3Y-
TTM56.55%

ROCE

10Y Avg-1.86%
5Y Avg-10.55%
3Y Avg-11.6%
Latest-6.05%

Peer Comparison

Electric Vehicle & Powertrain Developers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
EMPDEmpery Digital Inc.162.92M4.82-0.0023.8%-17.58%-10.54%19.89
EZGOEZGO Technologies Ltd.42.4M2.03-0.0332.75%-27.07%-18.15%0.24
REEREE Automotive Ltd.21.66M0.76-0.11-88.62%-483.57%-278.44%2.19
VMARVision Marine Technologies Inc.4.69M5.07-8.31395.85%-73.24%-438.83%1.07

Profit & Loss

Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Sales/Revenue+3.19M5.19M16.84M23.42M17.39M15.92M21.13M
Revenue Growth %-0.63%2.24%0.39%-0.26%-0.08%0.33%
Cost of Goods Sold+1.67M2.01M15.05M23.04M17.17M14.78M19.63M
COGS % of Revenue0.52%0.39%0.89%0.98%0.99%0.93%0.93%
Gross Profit+1.52M3.18M1.79M382.48K219.04K1.14M1.51M
Gross Margin %0.48%0.61%0.11%0.02%0.01%0.07%0.07%
Gross Profit Growth %-1.09%-0.44%-0.79%-0.43%4.2%0.32%
Operating Expenses+463.83K932.07K1.91M4.26M6.68M5.93M5.73M
OpEx % of Revenue0.15%0.18%0.11%0.18%0.38%0.37%0.27%
Selling, General & Admin463.83K932.07K1.91M4.26M5.84M5.28M4.83M
SG&A % of Revenue0.15%0.18%0.11%0.18%0.34%0.33%0.23%
Research & Development0000839.93K652.37K893.65K
R&D % of Revenue----0.05%0.04%0.04%
Other Operating Expenses0000000
Operating Income+1.06M2.25M-123.98K-3.88M-6.46M-4.79M-4.22M
Operating Margin %0.33%0.43%-0.01%-0.17%-0.37%-0.3%-0.2%
Operating Income Growth %-1.12%-1.06%-30.28%-0.67%0.26%0.12%
EBITDA+1.66M3.19M-38.3K-3.41M-5.46M-3.61M-3.27M
EBITDA Margin %0.52%0.61%-0%-0.15%-0.31%-0.23%-0.15%
EBITDA Growth %-0.92%-1.01%-87.98%-0.6%0.34%0.09%
D&A (Non-Cash Add-back)599.04K944.04K85.68K469.85K1M1.18M950.07K
EBIT1.12M2.67M465.16K-3.88M-6.82M-4.79M-8.81M
Net Interest Income+311-9.71K-14.8K-60.76K-40.05K109.54K369.93K
Interest Income3119.71K0065.38K109.54K463.37K
Interest Expense018.86K14.8K60.76K105.43K093.44K
Other Income/Expense63.77K405.62K378.39K80.77K-397.5K-2.53M-4.66M
Pretax Income+1.12M2.65M374.07K-3.8M-6.86M-7.32M-8.87M
Pretax Margin %0.35%0.51%0.02%-0.16%-0.39%-0.46%-0.42%
Income Tax+286.9K723.38K97.15K-419.4K527.12K-62.45K-786.37K
Effective Tax Rate %0.46%0.66%0.74%0.78%0.94%0.93%0.82%
Net Income+512.54K1.74M276.92K-2.98M-6.46M-6.78M-7.28M
Net Margin %0.16%0.33%0.02%-0.13%-0.37%-0.43%-0.34%
Net Income Growth %-2.39%-0.84%-11.76%-1.17%-0.05%-0.07%
Net Income (Continuing)836.77K1.93M334.3K-3.38M-7.39M-7.26M-8.09M
Discontinued Operations01.37M0-36.4K-81.61K5730
Minority Interest2.97M4.1M4.28M4.02M2.9M3.09M2.42M
EPS (Diluted)+16.5046.759.00-78.75-135.25-147.75-70.00
EPS Growth %-1.83%-0.81%-9.75%-0.72%-0.09%0.53%
EPS (Basic)14.0046.7512.25-77.75-133.50-147.75-70.00
Diluted Shares Outstanding31.2K31.2K31.2K42.94K54.65K45.88K104.25K
Basic Shares Outstanding36.88K37.27K22.45K43.47K55.35K45.88K104.25K
Dividend Payout Ratio-------

Balance Sheet

Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Total Current Assets+9.67M16.69M16.32M27.68M33.15M52.9M41.4M
Cash & Short-Term Investments5.57K3.63M2.53M7.16M5.09M17.94M5.03M
Cash Only5.57K3.63M322.6K4.77M4.39M17.25M3.47M
Short-Term Investments002.21M2.39M702.89K685.31K1.56M
Accounts Receivable7.13M1.43M6.62M10.37M7.57M3.79M17.56M
Days Sales Outstanding815.91100.31143.43161.64158.8786.91303.27
Inventory14.65K2.81M867.75K8.33M10.91M19.46M17.38M
Days Inventory Outstanding3.21509.2821.04131.95231.92480.44323.16
Other Current Assets2.48M199.17K2.37M1.28M9.48M11.65M1.12M
Total Non-Current Assets+4.03M2.48M3.5M14.33M14.35M29.01M43.96M
Property, Plant & Equipment1.79M2.16M3.11M8.75M4.11M3.89M7.93M
Fixed Asset Turnover1.78x2.40x5.42x2.68x4.23x4.10x2.67x
Goodwill000003.06M1.78M
Intangible Assets0004.51M6.68M4.22M3.73M
Long-Term Investments3.61M5.13M5.04M132.62K2.1M12.19M16.26M
Other Non-Current Assets2.06M282.77K294.57K356.78K1.42M5.5M13.26M
Total Assets+13.7M19.17M19.82M42.01M47.51M81.91M85.36M
Asset Turnover0.23x0.27x0.85x0.56x0.37x0.19x0.25x
Asset Growth %-0.4%0.03%1.12%0.13%0.72%0.04%
Total Current Liabilities+7.08M6.83M6.67M9.48M13.97M11.04M16.89M
Accounts Payable553.39K141.07K639.36K651.7K866.04K1.11M1.08M
Days Payables Outstanding121.1125.5615.510.3218.4127.5120
Short-Term Debt04.27M319.63K310.39K2.81M1.67M7.25M
Deferred Revenue (Current)26.57K111.61K155.38K94.9K900.44K1000K372.14K
Other Current Liabilities6.45M636K1.87M7.73M8.73M6.6M655.53K
Current Ratio1.37x2.44x2.45x2.92x2.37x4.79x2.45x
Quick Ratio1.36x2.03x2.32x2.04x1.59x3.03x1.42x
Cash Conversion Cycle698.01584.03148.97283.26372.38539.85606.43
Total Non-Current Liabilities+579.96K6.84K1.12M004.39M7.48M
Long-Term Debt06.84K0004.39M7.46M
Capital Lease Obligations00000023.07K
Deferred Tax Liabilities0000000
Other Non-Current Liabilities0000000
Total Liabilities7.08M6.84M6.67M9.48M13.97M15.42M24.38M
Total Debt+04.28M319.63K310.39K2.81M6.1M14.75M
Net Debt-5.57K642.29K-2.97K-4.46M-1.58M-11.16M11.28M
Debt / Equity-0.35x0.02x0.01x0.08x0.09x0.24x
Debt / EBITDA-1.34x-----
Net Debt / EBITDA-0.00x0.20x-----
Interest Coverage-119.16x-8.38x-63.82x-61.30x--45.13x
Total Equity+6.62M12.33M13.15M32.54M33.54M66.48M60.98M
Equity Growth %-0.86%0.07%1.48%0.03%0.98%-0.08%
Book Value per Share212.15395.22421.32757.68613.691448.99585.00
Total Shareholders' Equity3.65M8.23M8.87M28.52M30.64M63.39M58.57M
Common Stock7.8K7.8K7.8K13.63K24.21K102.1K107.01K
Retained Earnings-96.83K1.45M1.58M-1.42M-7.89M-14.77M-22.09M
Treasury Stock0000000
Accumulated OCI-464.11K-468.68K-46.7K827.92K-2.08M-3.73M-1.62M
Minority Interest2.97M4.1M4.28M4.02M2.9M3.09M2.42M

Cash Flow

Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Cash from Operations+952.45K-2.7M4.02M-6.26M-10.36M-9.11M-10.31M
Operating CF Margin %0.3%-0.52%0.24%-0.27%-0.6%-0.57%-0.49%
Operating CF Growth %--3.84%2.49%-2.55%-0.66%0.12%-0.13%
Net Income836.77K1.93M276.92K-3.38M-7.39M-7.26M-8.09M
Depreciation & Amortization599.04K944.04K1.02M469.85K1M1.18M950.07K
Stock-Based Compensation0000440.63K1.26M379.49K
Deferred Taxes286.9K147.66K-63.39K-478.14K526.46K-120.69K-802.47K
Other Non-Cash Items661.13K83.37K-498.9K744.74K1.65M3.89M6.59M
Working Capital Changes-1.11M-8.49M3.29M-3.62M-6.59M-8.07M-9.34M
Change in Receivables-2.79M4.03M-6.32M-180.21K-2.49M2.6M-5.29M
Change in Inventory23.54K-450.93K1.57M-124.83K327.32K-511.88K302.94K
Change in Payables442.8K-389.26K253.81K333.32K232.14K439.28K117.5K
Cash from Investing+-52.83K-1.92M-3.35M-11.04M-4.48M-13.97M-11.24M
Capital Expenditures-42.08K-3.15M-2.34M-11.22M-1.77M-3.26M-4.12M
CapEx % of Revenue0.01%0.61%0.14%0.48%0.1%0.2%0.2%
Acquisitions-------
Investments-------
Other Investing-10.76K288.85K1.14M314.96K-4.19M-275.15K-3.2M
Cash from Financing+-892.11K8.22M-4M22.76M14.24M36.17M8.63M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing04.99M002.99M99.63K0
Net Change in Cash-------
Free Cash Flow+910.38K-5.85M1.68M-17.48M-12.13M-14.1M-14.43M
FCF Margin %0.29%-1.13%0.1%-0.75%-0.7%-0.89%-0.68%
FCF Growth %--7.42%1.29%-11.4%0.31%-0.16%-0.02%
FCF per Share29.18-187.4553.85-407.00-221.91-307.37-138.45
FCF Conversion (FCF/Net Income)1.86x-1.55x14.53x2.10x1.60x1.34x1.42x
Interest Paid004.7K12.11K398.75K40.01K413.8K
Taxes Paid001596.52K6.55K2.48K38.06K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)7.74%18.34%2.17%-13.04%-19.56%-13.56%-11.43%
Return on Invested Capital (ROIC)12.02%17.21%-0.71%-14.11%-16.15%-8.23%-4.96%
Gross Margin47.74%61.22%10.6%1.63%1.26%7.16%7.14%
Net Margin16.06%33.46%1.64%-12.72%-37.17%-42.61%-34.47%
Debt / Equity-0.35x0.02x0.01x0.08x0.09x0.24x
Interest Coverage-119.16x-8.38x-63.82x-61.30x--45.13x
FCF Conversion1.86x-1.55x14.53x2.10x1.60x1.34x1.42x
Revenue Growth-62.75%224.18%39.1%-25.76%-8.45%32.75%

Revenue by Segment

2020202120222024
Other Member---514.25K
Other Member Growth----
Maintenance Services Member---412.04K
Maintenance Services Member Growth----
Other Services Member---4.73K
Other Services Member Growth----
Others33.68M46.84M17.39M-
Others Growth-39.10%-62.88%-

Frequently Asked Questions

Growth & Financials

EZGO Technologies Ltd. (EZGO) reported $38.5M in revenue for fiscal year 2024. This represents a 1105% increase from $3.2M in 2018.

EZGO Technologies Ltd. (EZGO) grew revenue by 32.7% over the past year. This is strong growth.

EZGO Technologies Ltd. (EZGO) reported a net loss of $10.4M for fiscal year 2024.

Dividend & Returns

EZGO Technologies Ltd. (EZGO) has a return on equity (ROE) of -11.4%. Negative ROE indicates the company is unprofitable.

EZGO Technologies Ltd. (EZGO) had negative free cash flow of $19.4M in fiscal year 2024, likely due to heavy capital investments.

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