Industry Leader in Lithium Battery Power Solutions for RV, Marine & More
Public Peer Comparative Valuation
Enterprise Value to Sales (EV/S)
Share
Ticker Price
Enterprise
Sales
Market
EV/S
Value ($M)
ttm ($M)
Cap ($M)
@8/17/23
T
TESLA
PLUG
POWER
Tesla
Solar panels, solar roofs & batteries for stationary storage.
TSLA 219.22
678,540
94,030
695,800
7.2x
Plug Power
Modern hydrogen and fuel cell technology.
PLUG
8.59
5,060
880
5,170
5.8x
QuantumScape
QuantumScape
Lithium-metal batteries for use in electric vehicles.
QS
6.82
2,500
0
3,310
ENOVIX
Enovix
Silicon-anode lithium-ion batteries.
ENVX
13.89
1,990
1
2,220
N/M
microvast
Microvast
Lithium-ion battery solutions.
MVST
1.95
562
225
615
2.5x
Solid Power
Solid Power
Solid-state battery cells for EVs.
SLDP
2.13
169
16
380
10.6x
FREYR
Freyr
High-density lithium-ion batteries.
FREY
6.32
570
0
883
ESS INC
CATALYZING A CLEANER FUTURE
ESS Tech
Designs iron flow batteries for commercial & utility applications.
GWH
1.18
88
3
184
N/M
eos
dragonfly
Celectrovaya
Dragonfly Energy
Electrovaya
Eos Energy Enterprises Battery storage solutions for the electric utility industry.
Lithium-ion batteries for the energy storage industry.
Lithium-ion batteries, battery systems and related products.
EOSE
2.63
731
23
352
31.8x
DFLI
1.83
115
87
105
1.3x
ELVA
3.94
148
39
129
3.8x
VS
Enterprise value is defined as market capitalization plus total debt minus total cash and
cash equivalents, as of most recent Form 10-Q for quarter ended June 30, 2023.
Excludes outliers GWH due to marginal sales.
N/M = not meaningful.
Average Peer Comp Enterprise Value-to-Sales¹
9.0x
6360 XPON $4.92
$31.6
$6.0
$34
4.4x
LITHIUM POWER SOLUTIONS
16View entire presentation