Meritor eyes electric commercial vehicles with new investment in SEA Electric

  • Meritor (NYSE:MTOR) announces an equity investment in SEA Electric Holdings Pty Ltd.
  • Sea Electric is described as a global leader in commercial electric vehicles for urban delivery and logistics. SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a range of zero-emissions trucks with remote mount electrification solutions to the medium and heavy-duty (Class 3-8) commercial vehicle market.
  • Meritor (MTOR) CEO Chris Villavarayan says the new collaboration with SEA Electric gives it another path to apply expertise in electrification solutions for the medium-duty market.
  • SEA Electric is on schedule to deliver more than 500 electric commercial vehicles this year and plans to have more than 15K vehicles on the road by the end of 2023.

    Over the current book year the total revenue from the company in Troy will be 3.9 billion USD (consensus estimates). This is quite more than 2021's revenue of 3.04 billion USD.

    Historical revenues and results Meritor Inc plus estimates 2021

    beurskoers

    The analysts expect for 2021 a net profit of 179 million USD. For this year the consensus of Meritor Inc 's result per share is a profit of 2.46 USD. With this the price/earnings-ratio is 10.39.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the industrial companies is an attractive 1.61 percent.

    Meritor Inc 's market capitalization is based on the number of outstanding shares around 2.08 billion USD. 3

    Historical stock prices Meritor Inc past 10 years

    financial analysis meritorinc

    At 15.47 the stock trades 2.5 percent lower at 25.55 USD.

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