EH

Eve Holding, Inc.

EVEX·NYSE

$3.14

-7.1%
IndustrialsAerospace & Defense

Eve Holding, Inc. develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems. The company is based in Melbourne, Florida.

At a Glance

Live Snapshot
Market Cap$944.77M
EPS-0.7000
P/E Ratio-4.49
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -4.5).

Valuation inputs: P/E -4.5, earnings yield N/A, momentum -7.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -1.8%, ROIC -71.9%).

Profitability stack: net margin 0.0%, ROE -1.8%, ROIC -71.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +71.5%, momentum -7.1%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

e

Eve Holding, Inc. Market vs Earnings Trajectory

EVEX · NYSE

Loading price and EPS data...

EH

Eve Holding, Inc. Fair Value Envelope

EVEX · NYSE

Our analysis suggests that EVEX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.14, this represents a potential HIDDEN relative to our calculated worth for Eve Holding, Inc..

Intrinsic Value
Current Price: $3.14
3Y+3.0%
5Y+1823.0%
10Y+3565.0%

No Revenue Data

EVEX has not reported any revenue values in the available annual periods.

3Y+29.0%
5Y+1246.0%
10Y+4348.0%
3Y+170.0%
5Y+1677.0%
10Y+3229.0%
3Y+189.0%
5Y+1816.0%
10Y+3489.0%
3Y+39.0%
5Y+595693.0%
10Y+2320966.0%
EH

Eve Holding, Inc. Profit Bridge

EVEX · NYSE
Revenue0.00
Cost of Goods Sold (930.00K)
Gross Profit-930.00K
Operating Expenses (225.39M)
Operating Income-225.39M
Interest Expense (10.14M)
Other Income/Expense2.14M
Pretax Income-223.25M
Income Tax (1.01M)
Net Income-224.25M
Net Income
-224.25M

Profitability Analysis

No Gross Profit Margin Data

EVEX has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

EVEX has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

EVEX has not reported any net profit margin values in the available annual periods.

-181.20%
Return on Equity
63%
3Y+199.0%
5Y-111.0%
10Y-
-51.57%
Return on Assets
19%
3Y-7.0%
5Y-100.0%
10Y-
-71.90%
Return on Invested Capital
19%
3Y+9.0%
5Y-298.0%
10Y-
E

Eve Holding, Inc. Cash Conversion Engine

EVEX · NYSE
Net Income-224.25M
Depreciation & Amortization930.00K
Stock-Based Compensation4.32M
Change in Working Capital57.33M
Others2.53M
Capital Expenditures-12.55M
Free Cash Flow-172.99M

Cash Flow Quality Analysis

FCF Conversion Rate

77.1%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-7.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-22.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$57.33M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

e

Eve Holding, Inc. Funding & Solvency Profile

EVEX · NYSE
Cash & Cash Equivalents120.94M
Net Receivables0.00
Inventory0.00
Other Current Assets335.80M
Total Current Assets457 M
Property, Plant & Equipment11.97M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets11.66M
Total Non-Current Assets24 M
Total Assets
484.28M

Financial Health Analysis

Current Ratio

3.80x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

7.64x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

336 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

94% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

e

Eve Holding, Inc. Street Expectations Map

EVEX · NYSE

Wall Street analysts project that EVEX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 7.25, with estimates ranging from a low of 7.25 to a high of 7.25.

Lowest Target
7.25
130.89%
Consensus Target
7.25
130.89%
Highest Target
7.25
130.89%

The consensus 1-year price target stands at 7.25, with estimates ranging from a low of 7.25 to a high of 7.25.

Analyst Consensus Analysis

Upside Potential

+130.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

e

Eve Holding, Inc. Insider Positioning

EVEX · NYSE

During the last 12 months, insiders have purchased $20.00M worth of EVEX shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

4.1M

20.00M

Sold

0

0.00

Net Activity

+20.0M

+$20.00M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
ES

Embraer S.A.

Director, 10 Percent Owner:

4.1M shares1 transactions

$20.00M

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $20.00M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

evex Dividend History

EVEX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%