Valuation Trading Multiples & Precedent Transactions: Electric Vehicle Manufacturing Companies
Valuation benchmarks for Electric Vehicle Manufacturing Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Electric Vehicle Manufacturing Companies Market Context & Valuation Drivers
Companies in this trading comparable group design, manufacture, and sell battery-electric vehicles across passenger segments, leveraging proprietary powertrain and software to deliver zero-emission performance and connectivity. They are grouped as public trading comparables because they monetize vehicle deliveries, options and accessories, software features, charging solutions, and financing, with similar capital intensity, technology roadmaps, and go-to-market models spanning direct and dealer-based distribution.
Typical capabilities include in-house battery pack and electric powertrain engineering; manufacturing of electric sedans, SUVs, pickups, and motorcycles; development of ADAS and autonomous driving stacks with OTA software updates; operation of fast-charging networks and home charging; vehicle connectivity and infotainment platforms; energy management and battery analytics; branded accessories and service; and captive or partner financing, leasing, and fleet sales support.
Primary customer segments include retail drivers across mass-market and premium tiers, and commercial fleet operators in delivery and mobility services. Key valuation metrics include vehicle deliveries growth, ASP and option take rates, gross margin and contribution margin, battery cost per kWh, software and services revenue mix, charging utilization, and cash burn versus production ramp and capacity utilization.
2. Valuation Analysis: Public Trading Comps & Multiples for Electric Vehicle Manufacturing Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Electric Vehicle Manufacturing Companies sector
Comparable group 1: Electric Vehicle Manufacturing Companies
Harley-Davidson
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of premium motorcycles, motorcycle parts and accessories, and general merchandise. The company designs, manufactures, and markets custom, cruiser, and touring motorcycles while offering related products and services to enhance the riding experience.
- Key Products:
- Motorcycles: Custom, cruiser, and touring motorcycles designed for performance and style
- Parts & Accessories: Comprehensive range of motorcycle parts, custom accessories, and performance upgrades
- Merchandise: Branded apparel, riding gear, and collectibles for enthusiasts
- Financial Services: Financing solutions for purchasing motorcycles and related products
- Training Programs: Riding courses and safety training for new and experienced riders.
Hyundai Motors India
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of passenger vehicles, manufacturing a diverse range of car models including hatchbacks, sedans, SUVs, and electric vehicles, offering smart mobility solutions and extensive sales and service network
- Key Products:
- Hatchbacks: Manufactures popular hatchback models including Grand i10 NIOS and i20
- Sedans: Provides well-known sedans like Verna and Aura
- SUVs: Produces robust SUVs such as Creta, Alcazar, and Tucson
- EVs: Offers electric vehicles including Kona Electric and Ioniq 5
- Services: Extensive network of sales and service points across India