Loading...

We've got a brand new version of Simply Wall St! Try it out

VectoIQ Acquisition

Nasdaq:VTIQ.U
Snowflake Description

Excellent balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VTIQ.U
Nasdaq
$304M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

VectoIQ Acquisition Corp. intends to merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
VTIQ.U Share Price and Events
7 Day Returns
-0.9%
NasdaqCM:VTIQ.U
1.1%
US Capital Markets
0.5%
US Market
1 Year Returns
5.8%
NasdaqCM:VTIQ.U
8.3%
US Capital Markets
12.8%
US Market
VTIQ.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VectoIQ Acquisition (VTIQ.U) -0.9% -1.3% - 5.8% - -
US Capital Markets 1.1% 6.4% 9.2% 8.3% 33.8% 58.5%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • VTIQ.U underperformed the Capital Markets industry which returned 8.3% over the past year.
  • VTIQ.U underperformed the Market in United States of America which returned 12.8% over the past year.

Value

 Is VectoIQ Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of VectoIQ Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VectoIQ Acquisition.

NasdaqCM:VTIQ.U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.17 * 66.9%
$0.11
Book Value of Equity per Share Median Book Value from the past 5 years. $0.17
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:VTIQ.U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.835 * 5.96%)
7.71%

Discounted Cash Flow Calculation for NasdaqCM:VTIQ.U using Excess Returns Model Model

The calculations below outline how an intrinsic value for VectoIQ Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:VTIQ.U Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (66.9% – 7.71%) * $0.17)
$0.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.10 / (7.71% - 2.73%)
$2.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.17 + $2.01
$2.18
NasdaqCM:VTIQ.U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqCM:VTIQ.U represents 1.04585x of NasdaqCM:VTIQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04585x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.18 x 1.04585
$2.28
Value per share (USD) From above. $2.28
Current discount Discount to share price of $10.72
= -1 x ($10.72 - $2.28) / $2.28
-370.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of VectoIQ Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VectoIQ Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VectoIQ Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:VTIQ.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.14
NasdaqCM:VTIQ Share Price ** NasdaqCM (2019-11-08) in USD $10.25
United States of America Capital Markets Industry PE Ratio Median Figure of 81 Publicly-Listed Capital Markets Companies 39.51x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VectoIQ Acquisition.

NasdaqCM:VTIQ.U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:VTIQ Share Price ÷ EPS (both in USD)

= 10.25 ÷ 0.14

73.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VectoIQ Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.
  • VectoIQ Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does VectoIQ Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:VTIQ.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-8.7%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 37 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VectoIQ Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VectoIQ Acquisition's assets?
Raw Data
NasdaqCM:VTIQ.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.17
NasdaqCM:VTIQ Share Price * NasdaqCM (2019-11-08) in USD $10.25
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 6.6x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:VTIQ.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:VTIQ Share Price ÷ Book Value per Share (both in USD)

= 10.25 ÷ 0.17

60.76x

* Primary Listing of VectoIQ Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VectoIQ Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess VectoIQ Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. VectoIQ Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is VectoIQ Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover VectoIQ Acquisition, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VectoIQ Acquisition expected to grow at an attractive rate?
  • VectoIQ Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • VectoIQ Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare VectoIQ Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:VTIQ.U Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:VTIQ.U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.7%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:VTIQ.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:VTIQ.U Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 -2 5
2019-06-30 -2 4
2019-03-31 -1 3
2018-12-31 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VectoIQ Acquisition's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if VectoIQ Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:VTIQ.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VectoIQ Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:VTIQ.U Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.14
2019-06-30 0.12
2019-03-31 0.10
2018-12-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VectoIQ Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess VectoIQ Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VectoIQ Acquisition has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has VectoIQ Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VectoIQ Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if VectoIQ Acquisition's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare VectoIQ Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • VectoIQ Acquisition has been loss making too recently or no data is available, we can't compare it to the US Capital Markets industry average.
Earnings and Revenue History
VectoIQ Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VectoIQ Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:VTIQ.U Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4.77 0.90
2019-06-30 3.80 0.78
2019-03-31 2.90 0.69
2018-12-31 2.09 0.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • VectoIQ Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if VectoIQ Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VectoIQ Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VectoIQ Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VectoIQ Acquisition has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is VectoIQ Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VectoIQ Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VectoIQ Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VectoIQ Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of VectoIQ Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • VectoIQ Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VectoIQ Acquisition Company Filings, last reported 1 month ago.

NasdaqCM:VTIQ.U Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5.00 0.00 0.82
2019-06-30 5.00 0.00 0.76
2019-03-31 5.00 0.00 0.87
2018-12-31 5.00 0.00 1.17
  • VectoIQ Acquisition has no debt.
  • VectoIQ Acquisition has not taken on any debt in the past 5 years.
  • VectoIQ Acquisition has no debt, it does not need to be covered by operating cash flow.
  • VectoIQ Acquisition has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess VectoIQ Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VectoIQ Acquisition has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is VectoIQ Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from VectoIQ Acquisition dividends.
If you bought $2,000 of VectoIQ Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate VectoIQ Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VectoIQ Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:VTIQ.U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as VectoIQ Acquisition has not reported any payouts.
  • Unable to verify if VectoIQ Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VectoIQ Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VectoIQ Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VectoIQ Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VectoIQ Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VectoIQ Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of VectoIQ Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steven Girsky
AGE 57
TENURE AS CEO 1.8 years
CEO Bio

Mr. Stephen J. Girsky, also known as Steven, serves as Senior Advisor at Everpine Capital Ltd. Mr. Girsky has been the President of S. J. Girsky & Co., since July 1, 2014. He is the Chief Executive Officer, President and Director of VectoIQ Acquisition Corp. since January 2018. He serves as an Advisor to the United Autoworkers Union. Mr. Girsky has several years of experience working with senior corporate and board executives, labor leaders, OEM leaders, suppliers and dealers, national and local policy makers. He served as an Acting Head of General Manager of Europe Operations at General Motors Europe AG since July 2012 until March 2013. Mr. Girsky held overall responsibility for global corporate strategy, new business development, global product planning and program management, global connected consumer/OnStar, GM Ventures LLC and global research & development. He also held responsibility for General Motors Global Purchasing and Supply Chain function from 2011 to 2013. Mr. Girsky served as a Senior Advisor to General Motors Company since January 15, 2014 and served as its Vice Chairman of Corporate Strategy Business Development Global Product Planning from from March 2010 to January 15, 2014, Interim President of Europe since July 2012, Director of European Opel Brand since January 2010, Interim Head of Opel/Vauxhaull Unit since July 2012 and Vice Chairman of Corporate Strategy & Business Development from March 1, 2010 to November 21, 2011. He served as the President of S. J. Girsky & Co. He served as the President of Centerbridge Partners, L.P. Mr. Girsky served as the Head of Industrials Research and Consumer Discretionary at Morgan Stanley. He served as the Chief Executive Officer at Adam Opel AG since July 2012 and also served as its and Acting Chief of European Operations since July 12, 2012. Mr. Girsky served as an Advisor of Motors Liquidation Company since August 1, 2005. He served as Research Analyst at Morgan Stanley, Research Division. Mr. Girsky served as the President of Centerbridge Industrial Partners LLC from 2006 to 2009. Prior to this, he served as a Special Advisor to the Chief Executive Officer and Chief Financial Officer of General Motors Corporation from August 2005 to June 2006. He was the Co-Owner of Vectoiq Holdings, LLC. Mr. Girsky served as the Managing Director at Morgan Stanley and as a Senior Analyst of the Morgan Stanley Global Automotive and Auto Parts Research Team. While at Morgan Stanley, he was ranked the No. 1 Automotive and Auto Parts Analyst by Institutional Investor's “All-American Research Team” annual investor poll for 14 consecutive years. His automotive and auto parts team ranked No.1 in the Greenwich Associates poll for 14 consecutive years as well. Prior to joining Morgan Stanley, he served as Managing Director of PaineWebber Group, Inc., Research Division's Automotive Group and worked as an Equity Analyst on the overseas financial staff of GM. Mr. Girsky also briefly served as Senior Advisor to the Office of the Chairman before he was named Vice Chairman. He serves as the Chairman of Opel Supervisory Board at General Motors Company. Mr. Girsky served as the Chair of European Opel Brand of General Motors Company since November 23, 2011. He served as the Chairman of Supervisory Board of Adam Opel AG from November 2011 to January 2014. Mr. Girsky served as the Vice Chairman of General Motors Company from March 2010 to January 15, 2014. He served as Lead Director of Dana Holdings Corp. from 2008 to 2009. Mr. Girsky has been a Director of Red Bend Software, Inc. since October 15, 2014. He serves as a Member of Advisory Board at Otonomo. Mr. Girsky has been Director of Brookfield Business Partners Limited, General Partner of Brookfield Business Partners L.P. since June 20, 2016. He has been a Director of General Motors Financial Company, Inc. since October 2010. Mr. Girsky serves as a Director of Valens Semiconductor Ltd. He has been a Director of United States Steel Corporation since April 26, 2016. Mr. Girsky served as a Director of General Motors Company from July 10, 2009 to June 7, 2016. He served as a Director of Motors Liquidation Company from June 18, 2009 to July 2009 and Dana Incorporated (Alternate Name: Dana Holding Corporation) from January 2008 to July 21, 2009. He served as the Lead Director of Dana Incorporated until July 21, 2009. Mr. Girsky served as a Director of Redbend. He has supported over the years charitable and non-profit organizations which include the United Jewish Appeal, Student/Sponsor Partnership, Multiple Sclerosis, The UCLA Chancellor's Associates Fund, Harvard Business School, Columbia University, Cornell University, the United Way and The Babies & Children's Hospital of New York. He has many years working experience in Global Enterprise Management and Investment. He is a Veteran of the Automotive Industry. Mr. Girsky holds a B.S. degree in Mathematics from the University of California at Los Angeles and an M.B.A. from the Harvard Business School.

CEO Compensation
  • Insufficient data for Steven to compare compensation growth.
  • Insufficient data for Steven to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the VectoIQ Acquisition management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the VectoIQ Acquisition management team is less than 2 years, this suggests a new team.
Management Team

Steven Girsky

TITLE
President
AGE
57
TENURE
1.8 yrs

Steve Shindler

TITLE
Chief Financial Officer
AGE
56
TENURE
1.8 yrs

Mary Shio Chan

TITLE
Chief Operating Officer
AGE
56
TENURE
1.8 yrs

Mindy Luxenberg-Grant

TITLE
Treasurer
AGE
51
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the VectoIQ Acquisition board of directors in years:

1.5
Average Tenure
57
Average Age
  • The average tenure for the VectoIQ Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steven Girsky

TITLE
President
AGE
57
TENURE
1.8 yrs

Dick Lynch

TITLE
Independent Director
AGE
70
TENURE
1.5 yrs

Sarah Hallac

TITLE
Independent Director
AGE
54
TENURE
1.5 yrs

Robert Gendelman

TITLE
Director
AGE
61
TENURE
1.5 yrs

Victoria McInnis

TITLE
Director
AGE
57
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess VectoIQ Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VectoIQ Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

VectoIQ Acquisition Corp. intends to merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in Mamaroneck, New York.

Details
Name: VectoIQ Acquisition Corp.
VTIQ.U
Exchange: NasdaqCM
Founded: 2018
$303,810,000
29,640,000
Website: http://
Address: VectoIQ Acquisition Corp.
1354 Flagler Drive,
Mamaroneck,
New York, 10543,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM VTIQ Common Stock Nasdaq Capital Market US USD 11. Jun 2018
NasdaqCM VTIQ.U Units Nasdaq Capital Market US USD 16. May 2018
Number of employees
Current staff
Staff numbers
0
VectoIQ Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:49
End of day share price update: 2019/11/08 00:00
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.