(EGOXF)

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1-STAR RATING
PASS

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Upturn Advisory & Investor View for EGOXF

09/11/2026: EGOXF (1-star) is currently NOT-A-BUY. Pass it for now.

Next.e.GO N.V. is a specialized, early-stage electric vehicle manufacturer known for its compact urban vehicles and modular micro-factory production approach. While the company offers a novel vision for sustainable, low-cost urban mobility, it faces significant and ongoing execution risks due to its history of insolvency, limited production scale, and intense competition from much larger, well-capitalized automotive incumbents. The investment story is primarily speculative, centered on potential technology licensing or niche market capture. Given the high financial volatility and persistent need for external funding, the stock is better suited for speculative investors rather than those seeking stability or income. Key developments to monitor include future capital raises and confirmed manufacturing milestones.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company lacks consistent, scalable growth and faces severe execution risks.
Momentum investorWeak fitThe stock has historically lacked sustained positive price momentum.
Value investorWeak fitValuation is difficult to justify given the extreme uncertainty and historical insolvency.
Dividend investorWeak fitThe company does not pay dividends and requires capital rather than generating it.
Low-risk investorWeak fitThe company's high volatility and financial instability make it unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock exhibits extreme price swings due to low liquidity and operational uncertainty.
Valuation riskHighTraditional valuation metrics are difficult to apply given the company's financial distress.
Competition risk (EV Market)HighEstablished OEMs hold significant competitive advantages in manufacturing and brand scale.
Business qualityLowThe company has faced multiple structural and financial setbacks that hinder long-term viability.
Dividend incomeLow / noneThere is no dividend income and no expectation of one in the foreseeable future.
Execution riskHighThe ability to mass-produce vehicles consistently remains unproven and at high risk of failure.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 0.0
Stock Returns Performance Upturn Returns Performance icon 0.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/11/2026

Upturn Scorecard

Upturn Star Rating

EGOXF receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft company fundamentals, and soft analyst coverage.

Company Fundamentals

EGOXF has soft overall fundamentals (2 stars), with weak financial health, soft growth momentum, and soft ownership. In FY2022 versus FY2021, strong revenue growth (+62.5%) is partially offset by negative earnings growth (-39.1%), soft cash generation (FCF margin -1190.9%), soft profitability (net margin -1007.4%).

Financial Health Rating

EGOXF's financial health is supported by soft cash strength, including free-cash-flow generation (-1190.9% of revenue). Operating efficiency is weak (1 stars), which helps explain the 1-star overall score.

Growth Momentum Score

Revenue growth is EGOXF's strongest growth driver at +62.5% FY2022 versus FY2021 (strong, 5 stars). By comparison, while earnings growth (-39.1%, negative) and free-cash-flow growth (-168.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 0.0% and approximately 0.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.00%, which materially reduces the ownership score.

Unit Economics (Per $1K Revenue)

EGOXF generates approximately $-6,915 of gross profit, $-12,275 of operating income, and $-11,909 of free cash flow for every $1,000 of revenue. Based on FY2022 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 28.77%

Quantitative Style Profile

EGOXF has a relatively low-volatility profile. No single quantitative factor dominates as a drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 0.01M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) - shares
Beta -
52 Weeks Range 0.00 - 0.00
Updated Date 09/13/2026
52 Weeks Range 0.00 - 0.00
Updated Date 09/13/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.69

How Company Makes Money

Business areaWhat it includesRetail investor read
Vehicle SalesSale of compact electric vehicles like the e.GO Life.Revenue comes from selling cars, but volume remains very low.
GeographyPrimarily European markets with exposure to urban centers.Operations are currently concentrated in specific regions of Europe.
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Valuation

Trailing PE -
Forward PE -
Enterprise Value 9.44K
Price to Sales(TTM) -
Enterprise Value 9.44K
Price to Sales(TTM) -
Enterprise Value to Revenue 38.55
Enterprise Value to EBITDA -
Shares Outstanding 94.39M
Shares Floating -
Shares Outstanding 94.39M
Shares Floating -
Percent Insiders -
Percent Institutions -

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Next.e.GO N.V.

Exchange NASDAQ
Headquarters -
IPO Launch date 2023-10-20
CEO -
Sector Consumer Cyclical
Industry Auto Manufacturers
Full time employees -
Full time employees -

Next.e.GO N.V. designs, manufactures, and sells electric vehicles. The company is based in Aachen, Germany. Next.e.GO N.V. (NasdaqGM : EGOX) operates as a subsidiary of Nd Industrial Investments B.V..