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$NVVE The valuation on Nuvve is a tough

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jasper08   Wednesday, 04/14/21 09:29:52 AM
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$NVVE The valuation on Nuvve is a tough one to explain relative to peers. I show the current Enterprise value is $117M at the close today. Management is projecting $32M revenue in 2021 and $93M in 2022. This gives the stock a Price/EV of 3.6 for 2021 and 1.25 for 2022. However below are the same figures for $CHPT $BLNK $BEEM

CHPT - EV $8.1B and Projected revenues of $206M and $340M for Price/EV multiples of 39 and 23 respectively

BLNK - EV $1.7B and Projected revenues of $10M and $19M for Price/EV multiples of 170 and 89 respectively

BEEM - EV $309M and Projected revenues of $16M and $25M for Price/EV multiples of 19 and 12 respectively

There will be many winners in this space. I believe all listed here but I am just curious as to why Nuvve is trading at such a discount. They have contracts in place with proven V2G technology with patents. One difference is the lack of research coverage. Is this a strong under the radar EV charging play or am I missing something?

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