FORD MOTOR Reports Q2 FY2023 Earnings Results for June 30, 2023

🌥️Earnings Overview

On July 28 2023, FORD MOTOR ($NYSE:F) announced its financial results for the second quarter of Fiscal Year 2023, which ended on June 30 2023. The company reported total revenue of USD 44954.0 million, a year-on-year increase of 11.9%. Net income was USD 1917.0 million, a rise of 187.4% compared to the same period in the previous year.

Share Price

On Friday, FORD MOTOR reported its second quarter earnings results for the fiscal year 2023 ending June 30, 2023. The opening stock price of $13.6 was 3.4% lower than the closing price from the previous day of $13.7, and the stock closed at $13.3 at the end of the trading day. The company also announced its intention to increase spending on capital projects and research and development efforts in order to further drive growth in the future. Overall, FORD MOTOR reported a solid set of numbers for the second quarter of FY2023, with revenue and operating income improving from the same period last year, and plans to invest in growth initiatives for the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ford Motor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ford Motor. More…

Balance Sheet Snapshot

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

Key Ratios Snapshot

Some of the financial key ratios for Ford Motor are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of FORD MOTOR‘s wellbeing. Our Risk Rating has determined that FORD MOTOR is a medium risk investment when it comes to financial and business aspects. We have detected 2 risks in the income sheet and balance sheet, and invite you to register on goodwhale.com to find out more. Our analysis includes looking at cash flow, debt, return on equity, financial leverage, profitability and liquidity. We also compare the company’s performance to industry benchmarks and analyze the company’s competitive advantages. Finally, we look at the company’s management and their strategic initiatives to ensure that they are making sound financial decisions for continued business success. With all of this information, we can help investors make informed decisions about their investments. More…

Peers

In the automotive industry, there is intense competition between Ford Motor Co and its main competitors General Motors Co, Tesla Inc, and Toyota Motor Corp. All four companies are vying for a share of the global market and are constantly innovating to stay ahead of the competition. Ford has been a leader in the industry for many years, but its rivals are constantly closing the gap.

– General Motors Co ($NYSE:GM)

General Motors Co is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The company operates through four business segments: GM North America, GM International, GM Cruise, and GM Financial. The company was founded in 1908 by William C. Durant and Charles Stewart Mott and has been publicly traded since 1910.

General Motors Co has a market capitalization of $49.94 billion as of 2022 and a return on equity of 10.52%. The company’s North American segment is its largest, accounting for about 60% of its total revenue. GM North America designs, builds, and sells cars, trucks, crossovers, and SUVs under the Chevrolet, Buick, GMC, Cadillac, and Holden brands. The company’s international segment consists of its operations in China, Europe, the Middle East, and Africa. GM Cruise is the company’s autonomous vehicle subsidiary. GM Financial provides automotive financing solutions through dealerships and digital channels.

– Tesla Inc ($NASDAQ:TSLA)

Founded in 2003, Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, the company operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. As of June 2020, Tesla sells the Model S sedan, the Model X SUV, the Model 3 sedan, the Model Y SUV, the Roadster sports car, the Semi truck, and the Cybertruck pickup truck. Tesla also offers vehicle service centers, supercharger stations, and Destination Charging stations.

Tesla’s market cap is $687.33B as of 2022. The company has a Return on Equity of 27.88%.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is a Japanese multinational automotive manufacturer. As of 2012, Toyota Motor Corp was the largest automotive manufacturer in the world by production volume. The company produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also has a majority stake in Subaru and minority stakes in Isuzu, Mazda, and Suzuki. In addition to vehicles, Toyota Motor Corp also manufactures engines, transmissions, and other automotive parts and components.

The company’s market capitalization is 27.48T as of 2022. Its return on equity is 11.32%.

Toyota Motor Corp is a leading manufacturer of automobiles. The company’s products include passenger cars, trucks, buses, and SUVs. Toyota vehicles are sold in more than 170 countries and regions worldwide. The company has manufacturing plants in Japan, North America, Europe, Asia, and Africa.

Summary

FORD MOTOR reported strong second quarter results for the fiscal year ending June 30 2023, with total revenue of USD 44954.0 million, representing an 11.9% growth year over year. Despite the positive earnings results, FORD MOTOR’s stock price dropped on the day of the report. This could be due to investors anticipating higher earnings than what was reported, or pricing in of news already known in the market.

Furthermore, investors may be apprehensive due to FORD MOTOR’s higher debt obligations and potential for any global market volatility. Overall, investors should conduct their own research to assess the overall risk-reward associated with investing in FORD MOTOR.