Latest Ratios: P/E Ratio -1.5x · EV/EBITDA N/A · ROE N/A. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $713M | $914M | $2.3B | — | — | — |
| Enterprise Value | $2.5B | $2.7B | $3.4B | — | — | — |
| P/E Ratio → | -1.53 | — | — | — | — | — |
| P/S Ratio | 1.37 | 1.76 | 2.52 | — | — | — |
| P/B Ratio | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.16 | 3.69 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 8.7% | 8.7% | 3.2% | 15.0% | -270.6% | 15.1% |
| Operating Margin | -71.5% | -71.5% | -85.1% | -108.4% | -7776.9% | -3063.2% |
| Net Profit Margin | -89.4% | -89.4% | -119.5% | -109.3% | -7571.2% | -2997.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -1307.7% | -56.6% |
| ROA | -21.9% | -21.9% | -57.1% | -46.9% | -50.0% | -8.4% |
| ROIC | -84.5% | -84.5% | -263.7% | — | — | — |
| ROCE | — | — | — | -310.6% | -120.7% | -19.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 1.12 |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | -1.60 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -6.11 | -6.11 | -17.97 | -72.45 | -83.83 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.38 | 0.38 | 0.42 | 0.50 | 0.88 | 1.40 |
| Quick Ratio | 0.33 | 0.33 | 0.35 | 0.34 | 0.86 | 1.40 |
| Cash Ratio | 0.03 | 0.03 | 0.04 | 0.24 | 0.79 | 0.73 |
| Asset Turnover | — | 0.27 | 0.40 | 0.43 | 0.01 | 0.00 |
| Inventory Turnover | 3.90 | 3.90 | 4.74 | 2.01 | 1.56 | 1.58 |
| Days Sales Outstanding | — | 106.16 | 104.40 | 53.27 | 330.43 | 5028.72 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $649M | $645M | $475M | $673M | $36M |
Imminent liquidity and solvency
According to recent market data, Lotus Technology trades at a price-to-sales multiple of 1.37, which appears disconnected from the company's -89.43% net margin and the 43.84% year-over-year revenue decline, suggesting that investors are pricing the stock as a speculative technology venture rather than a luxury automaker.
The current valuation multiple implies a growth expectation that is not supported by the company's recent operational performance or its inability to achieve positive net income. Investors should monitor whether this premium persists as the company continues to burn cash, as the lack of a positive P/E or EV/EBITDA ratio makes traditional fundamental valuation difficult to justify.
Based on reported figures, the company's ROIC has deteriorated to -37.5% in 2024Q4, reflecting a persistent inability to generate returns on invested capital that exceed the cost of funding, a trend that has worsened significantly compared to the near-zero levels observed in early 2023.
The consistent negative ROIC suggests that the capital-intensive nature of scaling a global luxury EV brand is currently destroying shareholder value rather than compounding it. This trend warrants further investigation into whether the underlying manufacturing architecture shared with Geely is providing any genuine cost-efficiency benefits or if the brand's high fixed-cost base is structurally prohibitive.
As reported in financial statements, the company's cash conversion cycle has fluctuated significantly, with the 2024Q4 data showing a negative 8-day cycle that masks underlying inefficiencies in inventory management, as evidenced by the 78-day days-inventory-outstanding metric which remains elevated for a luxury vehicle manufacturer.
The high inventory turnover days suggest that the company may be struggling to move its Eletre and Emeya models through the retail channel at the expected pace. This inefficiency, combined with the reliance on parent-company manufacturing, implies that the firm lacks the lean operational leverage typically associated with successful luxury automotive incumbents.
According to the latest quarterly filings, the current ratio has compressed to 0.42, indicating that the company's short-term assets are insufficient to cover its immediate liabilities, a precarious position that leaves little room for error in the face of ongoing operating losses and high capital requirements.
The quick ratio of 0.35 further highlights the company's dependence on inventory liquidation to meet short-term obligations, which is a high-risk strategy in a cooling luxury market. Investors should monitor the firm's ability to secure additional financing, as the current liquidity profile appears inadequate to sustain operations without significant external intervention.
The most commonly misapplied metric for Lotus Technology is the price-to-sales ratio, which obscures the company's structural inability to convert revenue into gross profit, as evidenced by the recent negative gross margins that render traditional top-line valuation benchmarks largely irrelevant for this specific business model.
Analysts should instead focus on the unit-level contribution margin and the cash burn rate relative to the remaining liquidity runway. Using revenue multiples for a company that is currently losing money on every vehicle sold risks overestimating the firm's intrinsic value by ignoring the massive capital intensity required to maintain its current market presence.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LOT stock.
Lotus Technology Inc. American Depositary Shares's current P/E ratio is -1.5x. This places it at the 50th percentile of its historical range.
Based on historical data, Lotus Technology Inc. American Depositary Shares is trading at a P/E of -1.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Lotus Technology Inc. American Depositary Shares has 8.7% gross margin and -71.5% operating margin.