(EVEX) Eve Holding - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE (USA) | Market Cap: 972m USD | Total Return: -37.8% in 12m
Avg Turnover: 3.17M
Warnings
Interest Coverage Ratio -18.4 is critical
Altman Z'' -6.49 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Eve Holding, Inc. (EVEX), a subsidiary of Embraer Aircraft Holding, Inc., focuses on the development of urban air mobility (UAM) infrastructure. The company’s core operations include the design and manufacturing of electric vertical take-off and landing (eVTOL) aircraft, alongside the Vector urban air traffic management software. Beyond vehicle production, the business model encompasses a full lifecycle support ecosystem, providing maintenance, repair, and overhaul (MRO) services, flight training, and ground handling operations.
The eVTOL sector is characterized by a transition toward sustainable aviation, aiming to reduce urban congestion through short-range aerial transport. Unlike traditional aerospace firms, UAM companies typically operate in a high-growth, capital-intensive environment where regulatory certification from agencies like the FAA is a critical milestone for commercialization. Investors may find it useful to examine ValueRay for deeper insights into these industry trends. Eve Holding leverages Embraer’s established aerospace engineering expertise and global service network to scale its technical support and data services.
- FAA and EASA certification milestones dictate timeline for commercial vehicle entry
- Order backlog conversion into firm contracts secures long-term revenue visibility
- Support from parent company Embraer reduces manufacturing and supply chain risk
- Development of Vector air traffic software creates recurring high-margin service revenue
- High capital expenditure requirements necessitate future dilutive equity or debt financing
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.44 > 0.02 and ΔFCF/TA -0.97 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.42 > 3% & CFO -203.7m > Net Income -244.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (348.3m) vs 12m ago 14.71% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -18.37 > 6 (EBITDA TTM -228.9m / Interest Expense TTM 12.5m) |
| A: 0.69 (Total Current Assets 456.7m - Total Current Liabilities 120.3m) / Total Assets 484.3m |
| B: -1.60 (Retained Earnings -775.9m / Total Assets 484.3m) |
| C: -0.58 (EBIT TTM -230.1m / Avg Total Assets 394.2m) |
| D: -1.81 (Book Value of Equity -775.6m / Total Liabilities 428.2m) |
| Altman-Z'' = -6.49 = D |
As of May 26, 2026, the stock is trading at USD 3.05 with a total of 971,723 shares traded.
Over the past week, the price has changed by +2.01%,
over one month by +6.27%,
over three months by +1.33% and
over the past year by -37.76%.
Eve Holding has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy EVEX.
- StrongBuy: 4
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.4 | 111.1% |
P/B = 20.0707
Revenue TTM = 0.0 USD
EBIT TTM = -230.1m USD
EBITDA TTM = -228.9m USD
Long Term Debt = 295.8m USD (from longTermDebt, last quarter)
Short Term Debt = 3.41m USD (from shortTermDebt, last quarter)
Debt = 299.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 178.3m USD (calculated: Debt 299.2m - CCE 120.9m)
Enterprise Value = 1.15b USD (971.8m + Debt 299.2m - CCE 120.9m)
Interest Coverage Ratio = -18.37 (Ebit TTM -230.1m / Interest Expense TTM 12.5m)
EV/FCF = -5.41x (Enterprise Value 1.15b / FCF TTM -212.6m)
FCF Yield = -18.49% (FCF TTM -212.6m / Enterprise Value 1.15b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 1.24m) / Revenue TTM)
Tobins Q-Ratio = 2.37 (Enterprise Value 1.15b / Total Assets 484.3m)
Interest Expense / Debt = 4.19% (Interest Expense 12.5m / Debt 299.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -181.8m (EBIT -230.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.80 (Total Current Assets 456.7m / Total Current Liabilities 120.3m)
Debt / Equity = 5.34 (Debt 299.2m / totalStockholderEquity, last quarter 56.1m)
Debt / EBITDA = -0.78 (negative EBITDA) (Net Debt 178.3m / EBITDA -228.9m)
Debt / FCF = -0.84 (negative FCF - burning cash) (Net Debt 178.3m / FCF TTM -212.6m)
Total Stockholder Equity = 94.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -61.96% (Net Income -244.3m / Total Assets 484.3m)
RoE = -28.07% (Net Income TTM -244.3m / Total Stockholder Equity 870.2m)
RoCE = -19.73% (EBIT -230.1m / Capital Employed (Equity 870.2m + L.T.Debt 295.8m))
RoIC = -54.83% (negative operating profit) (NOPAT -181.8m / Invested Capital 331.5m)
WACC = 11.05% (E(971.8m)/V(1.27b) * Re(13.44%) + D(299.2m)/V(1.27b) * Rd(4.19%) * (1-Tc(0.21)))
Discount Rate = 13.44% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 94.39 | Cagr: 10.89%
[DCF] Fair Price = unknown (Cash Flow -212.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.16 | # QB: -1
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.19 | Chg30d=-11.76% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.19 | Chg30d=+5.00% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.67 | Chg30d=+4.71% | Revisions=-43% | GrowthEPS=+4.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.58 | Chg30d=+22.53% | Revisions=-14% | GrowthEPS=+12.8% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: -43%