Lobo EV Technologies Ltd. (LOBO) 10-Year Financial Performance & Capital Metrics

LOBO • • Industrial / General

Consumer CyclicalAuto ManufacturersTwo-Wheel & Light Electric VehiclesE-Scooters & E-Bikes

AboutLobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People's Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services. It offers two-wheeled electric vehicles, such as e-bicycles and e-mopeds; three-wheeled electric vehicles comprising e-tricycles; and electric off-highway four-wheeled shuttles, including golf carts and mobility scooters for the elderly and disabled persons. The company provides automobile information and entertainment software development and design services for automotive electronics, such as multimedia interactive systems, multifunctional rear-view mirrors, and dash-cams. The company was formerly known as LOBO AI Technologies Ltd. and changed its name to Lobo EV Technologies Ltd. in December 2021. Lobo EV Technologies Ltd. was incorporated in 2021 and is headquartered in Wuxi, China. Lobo EV Technologies Ltd. operates as a subsidiary of Wealthford Capital Ltd.Show more

Revenue $21M +36.9%
EBITDA -$568K -136.9%
Net Income -$813K -183.8%
EPS (Diluted) -0.11 -173.3%
Gross Margin 11.59% -18.7%
EBITDA Margin -2.68% -126.9%
Operating Margin -9.17% -273.2%
Net Margin -3.84% -161.2%
ROE -10.7% -168.4%
ROIC -15.98% -316.0%
Debt/Equity 0.26 -38.4%
Interest Coverage -97142.90 -89148.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 11.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y14.46%

TTM46.34%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-228.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM-188.98%

ROCE

10Y Avg31.16%

5Y Avg31.16%

3Y Avg8.24%

Latest-23.63%

Peer Comparison

E-Scooters & E-Bikes

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
NIUNiu Technologies	219.53M	3.15	-1.29	24%	-0.54%	-2.41%	0.22
LOBOLobo EV Technologies Ltd.	5.18M	0.58	-5.28	36.92%	-7.69%	-36.26%	0.26
FLYEFly-E Group, Inc. Common Stock	11.87M	7.27	-6.61	-21.05%	-31.12%	-51.96%	1.94

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.23M	14.13M	18.3M	15.47M	21.19M
Revenue Growth %	-	0.53%	0.3%	-0.15%	0.37%
Cost of Goods Sold+	7.75M	11.2M	15.27M	13.27M	18.73M
COGS % of Revenue	0.84%	0.79%	0.83%	0.86%	0.88%
Gross Profit+	1.47M	2.93M	3.03M	2.21M	2.46M
Gross Margin %	0.16%	0.21%	0.17%	0.14%	0.12%
Gross Profit Growth %	-	0.99%	0.03%	-0.27%	0.11%
Operating Expenses+	658.27K	694.3K	1.5M	1.39M	4.4M
OpEx % of Revenue	0.07%	0.05%	0.08%	0.09%	0.21%
Selling, General & Admin	621.51K	641.16K	1.28M	1.13M	2.74M
SG&A % of Revenue	0.07%	0.05%	0.07%	0.07%	0.13%
Research & Development	36.76K	53.14K	227.56K	262.38K	1.66M
R&D % of Revenue	0%	0%	0.01%	0.02%	0.08%
Other Operating Expenses	0	0	0	0	0
Operating Income+	816.67K	2.24M	1.52M	819.05K	-1.94M
Operating Margin %	0.09%	0.16%	0.08%	0.05%	-0.09%
Operating Income Growth %	-	1.74%	-0.32%	-0.46%	-3.37%
EBITDA+	921.83K	2.36M	2.1M	1.54M	-568.49K
EBITDA Margin %	0.1%	0.17%	0.11%	0.1%	-0.03%
EBITDA Growth %	-	1.56%	-0.11%	-0.27%	-1.37%
D&A (Non-Cash Add-back)	105.16K	121.88K	577.49K	722.78K	1.37M
EBIT	816.67K	2.24M	1.55M	1.34M	-725.85K
Net Interest Income+	320	-12.64K	-16.71K	-7.51K	-20
Interest Income	320	0	0	0	0
Interest Expense	0	12.64K	16.71K	7.51K	20
Other Income/Expense	-3.69K	-6.96K	11.23K	512.28K	1.22M
Pretax Income+	812.98K	2.23M	1.53M	1.33M	-725.87K
Pretax Margin %	0.09%	0.16%	0.08%	0.09%	-0.03%
Income Tax+	205.26K	568K	417.27K	344.85K	119.97K
Effective Tax Rate %	0.7%	0.74%	0.7%	0.73%	1.12%
Net Income+	569.53K	1.65M	1.07M	969.6K	-812.84K
Net Margin %	0.06%	0.12%	0.06%	0.06%	-0.04%
Net Income Growth %	-	1.89%	-0.35%	-0.1%	-1.84%
Net Income (Continuing)	607.73K	1.66M	1.12M	986.47K	-845.84K
Discontinued Operations	0	0	0	0	0
Minority Interest	164.63K	180.59K	212.76K	225.07K	0
EPS (Diluted)+	0.07	0.29	0.19	0.15	-0.11
EPS Growth %	-	3.02%	-0.34%	-0.21%	-1.73%
EPS (Basic)	0.07	0.29	0.19	0.12	-0.11
Diluted Shares Outstanding	7.9M	5.7M	5.7M	6.4M	7.14M
Basic Shares Outstanding	7.9M	5.7M	5.7M	7.78M	7.14M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.02M	8.1M	13.15M	16.1M	21.21M
Cash & Short-Term Investments	114.46K	620.28K	207.1K	527.1K	1.38M
Cash Only	70.02K	614.01K	182.83K	470.33K	1.38M
Short-Term Investments	44.44K	6.28K	24.27K	56.77K	0
Accounts Receivable	312.25K	1.46M	6.57M	2.53M	1.51M
Days Sales Outstanding	12.35	37.72	131.11	59.73	25.96
Inventory	2.31M	1.99M	3.81M	5.74M	8.59M
Days Inventory Outstanding	108.69	64.82	91.15	157.86	167.43
Other Current Assets	2.9M	2.79M	377.59K	1.46M	2.52M
Total Non-Current Assets+	508.71K	3.17M	3.79M	3.57M	2.81M
Property, Plant & Equipment	478.06K	413.29K	1.55M	1.65M	1.77M
Fixed Asset Turnover	19.30x	34.19x	11.82x	9.38x	12.00x
Goodwill	0	0	0	0	0
Intangible Assets	30.65K	1.11M	1.44M	1.92M	871.04K
Long-Term Investments	0	1.57M	0	0	0
Other Non-Current Assets	0	73.03K	797.4K	0	0
Total Assets+	6.53M	11.27M	16.94M	19.67M	24.02M
Asset Turnover	1.41x	1.25x	1.08x	0.79x	0.88x
Asset Growth %	-	0.73%	0.5%	0.16%	0.22%
Total Current Liabilities+	4.72M	7.88M	11.5M	13.34M	13.91M
Accounts Payable	1.31M	863.24K	1.8M	929.82K	2.22M
Days Payables Outstanding	61.75	28.14	42.91	25.58	43.21
Short-Term Debt	19.55K	1.14M	1.86M	1.67M	858.01K
Deferred Revenue (Current)	691.03K	254.49K	159.84K	1000K	1000K
Other Current Liabilities	2.66M	5.6M	7.46M	8.82M	5.49M
Current Ratio	1.28x	1.03x	1.14x	1.21x	1.52x
Quick Ratio	0.79x	0.78x	0.81x	0.78x	0.91x
Cash Conversion Cycle	59.29	74.4	179.35	192.01	150.18
Total Non-Current Liabilities+	20.46K	277.03K	362.45K	451.13K	790.88K
Long-Term Debt	0	219.69K	0	140.85K	236.51K
Capital Lease Obligations	20.46K	13.35K	314.39K	298.96K	554.37K
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	43.99K	48.06K	11.32K	0
Total Liabilities	4.74M	6.72M	10.42M	13.79M	14.7M
Total Debt+	79.61K	1.4M	2.39M	2.47M	2.42M
Net Debt	9.59K	-356.39K	552.55K	2M	1.04M
Debt / Equity	0.04x	0.31x	0.37x	0.42x	0.26x
Debt / EBITDA	0.09x	0.59x	1.14x	1.60x	-
Net Debt / EBITDA	0.01x	-0.15x	0.26x	1.30x	-
Interest Coverage	-	176.95x	91.01x	109.09x	-97142.90x
Total Equity+	1.79M	4.55M	6.52M	5.88M	9.32M
Equity Growth %	-	1.54%	0.43%	-0.1%	0.59%
Book Value per Share	0.23	0.80	1.14	0.92	1.30
Total Shareholders' Equity	1.63M	2.93M	6.3M	5.65M	9.32M
Common Stock	5.7K	6.4K	5.7K	6.4K	8.63K
Retained Earnings	1.41M	969.58K	3.83M	2.49M	644.93K
Treasury Stock	0	0	0	0	0
Accumulated OCI	216.32K	148.36K	227.43K	143.78K	-113.13K
Minority Interest	164.63K	180.59K	212.76K	225.07K	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.55M	1.79M	-1.18M	-1.42M	-2.94M
Operating CF Margin %	0.17%	0.13%	-0.06%	-0.09%	-0.14%
Operating CF Growth %	-	0.15%	-1.66%	-0.2%	-1.07%
Net Income	607.73K	1.65M	1.07M	969.6K	-845.84K
Depreciation & Amortization	105.16K	233.7K	577.49K	722.78K	1.37M
Stock-Based Compensation	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	1.83M	9.99K	27.97K	211.98K	-401.65K
Working Capital Changes	-996.98K	-106.14K	-2.86M	-3.32M	-3.06M
Change in Receivables	-49.87K	-1.13M	-1.75M	437.68K	617.18K
Change in Inventory	-1.82M	370.97K	-2.03M	-3.45M	-4.66M
Change in Payables	0	-473.99K	860.37K	-816.53K	1.39M
Cash from Investing+	-1.35M	-2.48M	-981.41K	614.67K	-283.82K
Capital Expenditures	-32.99K	-1.09M	-1.39M	-314.2K	-325.26K
CapEx % of Revenue	0%	0.08%	0.08%	0.02%	0.02%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	-1.32M	0	0	999.14K	0
Cash from Financing+	-346.19K	1.24M	1.73M	1.1M	4.61M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	0	0	0	0
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	1.52M	691.8K	-2.57M	-2.72M	-3.26M
FCF Margin %	0.16%	0.05%	-0.14%	-0.18%	-0.15%
FCF Growth %	-	-0.54%	-4.71%	-0.06%	-0.2%
FCF per Share	0.19	0.12	-0.45	-0.42	-0.46
FCF Conversion (FCF/Net Income)	2.72x	1.08x	-1.10x	-1.46x	3.61x
Interest Paid	0	0	0	0	0
Taxes Paid	205.26K	568K	0	239	657

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	31.81%	51.98%	19.38%	15.64%	-10.7%
Return on Invested Capital (ROIC)	34.03%	47.02%	16.23%	7.4%	-15.98%
Gross Margin	15.98%	20.75%	16.53%	14.27%	11.59%
Net Margin	6.17%	11.67%	5.86%	6.27%	-3.84%
Debt / Equity	0.04x	0.31x	0.37x	0.42x	0.26x
Interest Coverage	-	176.95x	91.01x	109.09x	-97142.90x
FCF Conversion	2.72x	1.08x	-1.10x	-1.46x	3.61x
Revenue Growth	-	53.1%	29.52%	-15.43%	36.92%

Frequently Asked Questions

Growth & Financials

Lobo EV Technologies Ltd. (LOBO) reported $40.6M in revenue for fiscal year 2024. This represents a 340% increase from $9.2M in 2020.

Lobo EV Technologies Ltd. (LOBO) grew revenue by 36.9% over the past year. This is strong growth.

Lobo EV Technologies Ltd. (LOBO) reported a net loss of $3.1M for fiscal year 2024.

Dividend & Returns

Lobo EV Technologies Ltd. (LOBO) has a return on equity (ROE) of -10.7%. Negative ROE indicates the company is unprofitable.

Lobo EV Technologies Ltd. (LOBO) had negative free cash flow of $6.2M in fiscal year 2024, likely due to heavy capital investments.

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