WinstonWınston

Deep Value: cash covers more than 100% of the stock price

This company holds roughly $24M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

E-Power Inc. Class A logo

E-Power Inc. Class A

EPOW
14
Consulting Services · Industrials
Price
$0.56
+0.01 (+0.90%)
pre-market:$0.58+3.57%
Market Cap
$16.3M
Exchange
NASDAQ Capital Market
Winston Score
14
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 13, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+14.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 23.6M (2021) → 27.0M (2025)

E-Power Inc. (EPOW) is a small Chinese company that provides consulting and technical services related to electric vehicles and clean energy. Its main customers are businesses and local governments in China looking to adopt EV infrastructure and green energy solutions. The company operates in the fast-growing but crowded Chinese clean energy consulting space.

E-Power earns revenue by charging fees for its consulting projects and technical services, rather than selling hardware or software subscriptions. It operates almost entirely within China and is a very small player with a market cap near zero, meaning it has little financial scale or pricing power compared to larger competitors. The company's negative gross and operating margins show it is currently spending more than it earns, which is a serious financial risk — continued losses could threaten its ability to stay in business without raising additional capital.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-56.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-103.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$2M/ year

Declining (-22% vs prior year)

4.2% of revenue

In line with sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

37.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$24M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

E-Power Inc. Class A's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-51.7%
Thin — -51.7% gross margin
Operating Margin
-83.3%
Losing money on operations — -83.3%
ROCE
-22.4%
Weak — -22.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-28.6%
Shrinking sales (-28.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-54.6%
Burning cash (-54.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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