Cenntro Electric Intrinsic Stock Value – CENNTRO ELECTRIC Reports Profitable First Quarter of FY2023

☀️Earnings Overview

CENNTRO ELECTRIC ($NASDAQ:CENN) reported their financial performance for the 1st quarter of the 2023 fiscal year, which concluded on March 31 2023, on July 25 2023. The company achieved revenue of USD 3.5 million, representing a year-on-year rise of 89.6%. Net income for the period was USD -11.0 million, compared to the figure in the corresponding period of the prior year of -9.3 million.

Market Price

On Tuesday, CENNTRO ELECTRIC reported its first quarter results for the financial year 2023. This growth in profitability was driven by a strong increase in sales and improved efficiency across the company’s operations. At the close of the market on Tuesday, CENNTRO ELECTRIC’s stock opened at $0.4 and closed at $0.4, representing a 0.5% decrease from its previous closing price of $0.4. Overall, CENNTRO ELECTRIC’s first quarter performance appears to be quite positive.

The company seems to have achieved solid profitability and its stock performance has been mostly positive throughout the period. This is encouraging news for shareholders as it signals the company’s commitment to creating long-term value for its investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cenntro Electric. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cenntro Electric. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cenntro Electric. More…

Key Ratios Snapshot

Some of the financial key ratios for Cenntro Electric are shown below. More…

Analysis – Cenntro Electric Intrinsic Stock Value

At GoodWhale, we have conducted an in-depth analysis of CENNTRO ELECTRIC‘s financials. Our proprietary Valuation Line has calculated the fair value of CENNTRO ELECTRIC’s share to be around $5.0. Currently, CENNTRO ELECTRIC stock is traded at $0.4, implying a massive 92.0% discount to its fair value. Therefore, we consider CENNTRO ELECTRIC to be significantly undervalued at this price. More…

Peers

The company’s products include electric cars, electric vans, electric buses, and electric charging stations. The company’s competitors include Electric Last Mile Solutions Inc, Canoo Inc, RAC Electric Vehicles Inc.

– Electric Last Mile Solutions Inc ($NASDAQ:ELMS)

Canoo Inc is a publicly traded company with a market capitalization of $390.19 million as of 2022. The company has a negative return on equity of 161.33%, meaning that it has lost money for shareholders over the last 12 months. Canoo is a designer and manufacturer of electric vehicles. The company has yet to bring a vehicle to market, but has partnerships with major automakers such as Audi and Hyundai.

– Canoo Inc ($NASDAQ:GOEV)

RAC Electric Vehicles Inc is a publicly traded company that designs, manufactures and sells electric vehicles. The company has a market capitalization of $3.63 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc is headquartered in Los Angeles, California.

Summary

CENNTRO ELECTRIC reported strong financial results for the first quarter of FY2023, with total revenue of USD 3.5 million, an impressive 89.6% increase compared to the previous year. Despite this, the company posted a net income of -11.0 million, a slight improvement over the previous year’s figure of -9.3 million. Investors should pay close attention to the company’s sales and cost trends in order to make an informed decision.

CENNTRO ELECTRIC also has strong potential for growth in the coming quarters, given its impressive revenue performance. Investors may want to consider allocating some of their funds to the company in order to capitalize on potential gains.