We've lowered our fair value estimate for no-moat ChargePoint to $2 per share from $2.50 following the company’s fiscal 2025 first-quarter results. The driver of our lower valuation is a reduced long-term revenue forecast, as we expect the company’s constrained balance sheet to necessitate prioritizing profitability over growth. We view the shares as fairly valued.
ChargePoint is the unquestioned leader in the AC (level 2) market, with over 50% share.
ChargePoint’s long-term success will hinge on its ability to successfully penetrate the DC, fleet, and European markets.
|
Metric
|
CHPT
|
TSLA
|
SHLS
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 84.71 | 9.81 |
Price/Book Value | 2.19 | 11.46 | 1.85 |
Price/Sales | 1.16 | 8.52 | 2.15 |
Price/Cash Flow | — | 56.17 | 7.41 |
|
Metric
|
CHPT
|
TSLA
|
SHLS
|
|---|---|---|---|
Quick Ratio | 1.16 | 1.04 | 1.78 |
Current Ratio | 2.13 | 1.72 | 2.62 |
Interest Coverage | −22.03 | 38.06 | 2.87 |
|
Metric
|
CHPT
|
TSLA
|
SHLS
|
|---|---|---|---|
Return on Assets (Normalized) | −26.50% | 9.74% | 11.03% |
Return on Equity (Normalized) | −90.54% | 16.96% | 17.17% |
Return on Invested Capital (Normalized) | −45.02% | 13.43% | 14.75% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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ORLY
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AZO
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TSCO
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ULTA
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WSM
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BBY
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DKS
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BBWI
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RH
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