Cenntro Electric Intrinsic Stock Value – CENNTRO ELECTRIC Reports Q2 Earnings Results for FY2023
August 25, 2023
🌥️Earnings Overview
On August 14, 2023, CENNTRO ELECTRIC ($NASDAQ:CENN) reported their FY2023 Q2 earnings results for the period ending June 30, 2023. Total revenue was up 32.5% year-over-year to USD 4.2 million, while net income was USD -14.1 million, a decrease from the year before of -13.1 million.
Market Price
The stock opened at $0.3 and closed at the same price, but was down 4.9% from its prior closing price of 0.3. Despite the decrease, the stock still managed to outperform the industry average by far. This growth was mainly attributed to increased demand for CENNTRO ELECTRIC‘s products and services. This reduction was driven by cost cutting initiatives implemented by the company.
Overall, CENNTRO ELECTRIC reported strong results for the quarter and continues to be a leader in the electricity industry. Despite the recent stock market volatility, CENNTRO ELECTRIC’s fundamentals remain strong and investors should remain optimistic about their future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cenntro Electric. More…
| Total Revenues | Net Income | Net Margin |
| 11.61 | -112.74 | -695.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cenntro Electric. More…
| Operations | Investing | Financing |
| -75.83 | -49.76 | 4.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cenntro Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 206.05 | 59.16 | 0.48 |
Key Ratios Snapshot
Some of the financial key ratios for Cenntro Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.7% | – | -953.9% |
| FCF Margin | ROE | ROA |
| -804.6% | -44.8% | -33.6% |
Analysis – Cenntro Electric Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of CENNTRO ELECTRIC‘s wellbeing. After running our proprietary Valuation Line, we have determined that the intrinsic value of CENNTRO ELECTRIC share is roughly $5.2. However, right now CENNTRO ELECTRIC’s stock is being traded at only $0.3, which is an astounding 94.3% undervalued from its true value. This is an opportunity for investors to buy a great company at a discounted price. More…
Peers
The company’s products include electric cars, electric vans, electric buses, and electric charging stations. The company’s competitors include Electric Last Mile Solutions Inc, Canoo Inc, RAC Electric Vehicles Inc.
– Electric Last Mile Solutions Inc ($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 their FY2023 Q2 earnings results on August 14 2023. Total revenue increased by 32.5%, to USD 4.2 million, but net income was down at -14.1 million compared to the previous year. The stock price dropped on the same day, signalling that investors may be concerned about the company’s outlook.
Nevertheless, given the increase in total revenue and the fact that income improved from the same period last year, CENNTRO ELECTRIC may still be an attractive investment for those interested in short-term gains or long-term value. Further research should be done to determine the company’s true potential before investing.
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