Why is Gogoro, Inc. ?
1
Poor Management Efficiency with a low ROCE of 0%
- The company has reported losses and also has negative networth. This is not a good sign for the investors. Either company will have to raise fresh capital or report profits to sustain going forward
2
Flat results in Jun 25
- NET PROFIT(9M) At USD -119.31 MM has Grown at -51.47%
- ROCE(HY) Lowest at -64.97%
- NET SALES(Q) At USD 65.81 MM has Fallen at -13.53%
3
Risky - Negative EBITDA
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -63.57%, its profits have fallen by -51.8%
4
Falling Participation by Institutional Investors
- Institutional investors have decreased their stake by -0.69% over the previous quarter and collectively hold 5.75% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -63.57% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Gogoro, Inc. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Gogoro, Inc.
-68.44%
0.08
1937.07%
S&P 500
13.22%
0.61
20.17%
Quality key factors
Factor
Value
Sales Growth (5y)
16.03%
EBIT Growth (5y)
-56.60%
EBIT to Interest (avg)
-9.38
Debt to EBITDA (avg)
118.40
Net Debt to Equity (avg)
1.74
Sales to Capital Employed (avg)
0.54
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
5.75%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.48
EV to EBIT
-3.60
EV to EBITDA
-158.92
EV to Capital Employed
0.81
EV to Sales
1.15
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-22.46%
ROE (Latest)
-91.74%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
Bearish
OBV
No Trend
No Trend
Technical Movement
2What is working for the Company
NET PROFIT(HY)
Higher at USD -46.92 MM
-16What is not working for the Company
NET PROFIT(9M)
At USD -119.31 MM has Grown at -51.47%
ROCE(HY)
Lowest at -64.97%
NET SALES(Q)
At USD 65.81 MM has Fallen at -13.53%
RAW MATERIAL COST(Y)
Grown by 115.9% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at 253.33 %
DEBTORS TURNOVER RATIO(HY)
Lowest at 14.17 times
INTEREST(Q)
Highest at USD 3.12 MM
Here's what is working for Gogoro, Inc.
Net Profit
Higher at USD -46.92 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Here's what is not working for Gogoro, Inc.
Net Sales
At USD 65.81 MM has Fallen at -13.53%
over average net sales of the previous four periods of USD 76.11 MMMOJO Watch
Near term sales trend is very negative
Net Sales (USD MM)
Interest
Highest at USD 3.12 MM
in the last five periods and Increased by 5.66% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Debt-Equity Ratio
Highest at 253.33 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Debtors Turnover Ratio
Lowest at 14.17 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 115.9% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






