Lucid Group Intrinsic Stock Value – LUCID GROUP Reports Positive Q2 Earnings Results for FY2023
August 11, 2023
☀️Earnings Overview
The LUCID GROUP ($NASDAQ:LCID) released their Q2 2023 financial results for the period ending June 30 2023 on August 7 2023, reporting a total revenue of USD 150.9 million, a 55.0% increase from the same period last year. Net income for the quarter amounted to USD -764.2 million, versus USD -220.4 million for the same period in the prior year.
Stock Price
On Monday, LUCID GROUP reported positive Q2 earnings results for FY2023, driving the company’s stock to open at $6.7 and close at $6.4, down by 3.2% from last closing price of 6.6. Despite the initial market response, the positive financial results demonstrated that the company is continuing to make strides in the right direction. Overall, LUCID GROUP was able to report some positive financial results in spite of a challenging economic climate. The company’s stock may have taken a minor hit on Monday, but it is clear that they are on the right track to a strong and prosperous future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lucid Group. More…
| Total Revenues | Net Income | Net Margin |
| 753.48 | -2.55k | -367.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lucid Group. More…
| Operations | Investing | Financing |
| -2.72k | -2.23k | 4.54k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lucid Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.42k | 3.46k | 2.61 |
Key Ratios Snapshot
Some of the financial key ratios for Lucid Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 409.8% | – | -334.0% |
| FCF Margin | ROE | ROA |
| -497.0% | -32.8% | -16.7% |
Analysis – Lucid Group Intrinsic Stock Value
GoodWhale is proud to present our analysis on the wellbeing of LUCID GROUP. After rigorous evaluation, we determined that the intrinsic value of LUCID GROUP share is around $906.5. This valuation was calculated using our proprietary Valuation Line, a tool specifically designed to accurately assess the value of an asset. At the moment, however, LUCID GROUP stock is being traded at a price of $6.4, meaning it is currently undervalued by an astonishing 99.3%. We believe this to be an incredible opportunity for investors to acquire shares at an extremely discounted price. More…
Peers
Lucid Group Inc is an American automotive company founded in 2007 by Bernard Tse and Sam Weng. The company’s first car, the Lucid Air, was unveiled in December 2016. Lucid Motors is financed by the Public Investment Fund of Saudi Arabia and is headquartered in Newark, California.
Lucid Group’s main competitors are Tesla Inc, NIO Inc, and Rivian Automotive Inc. Tesla Inc is an American electric vehicle and clean energy company based in Palo Alto, California. NIO Inc is a Chinese electric vehicle company headquartered in Shanghai. Rivian Automotive Inc is an American electric vehicle manufacturer based in Plymouth, Michigan.
– Tesla Inc ($NASDAQ:TSLA)
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s market cap as of 2022 is 689.96B with a ROE of 27.88%. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale, solar panel manufacturing, solar roof tiles, and related products and services.
– NIO Inc ($SEHK:09866)
NIO Inc is a Chinese electric vehicle and technology company headquartered in Shanghai. The company was founded in 2014 by William Li. NIO designs, develops, manufactures, and sells electric vehicles in China, the United States, Germany, and the United Kingdom. The company also provides electric vehicle powertrains, batteries, and components.
NIO Inc has a market cap of 154.77B as of 2022. The company has a Return on Equity of -13.53%. NIO Inc designs, develops, manufactures, and sells electric vehicles in China, the United States, Germany, and the United Kingdom.
– Rivian Automotive Inc ($NASDAQ:RIVN)
Rivian Automotive Inc is an American electric vehicle manufacturer. Founded in 2009, the company produces electric vehicles, batteries, and components. Rivian’s market cap is 28.86B as of 2022 and its ROE is -23.66%. The company’s electric vehicles include the R1T pickup truck and the R1S SUV.
Summary
Investors reacted negatively to LUCID GROUP‘s FY2023 Q2 earnings results, with the stock price dropping on August 7 2023. Despite the company achieving a total revenue of USD 150.9 million, representing a 55.0% increase compared to the same period last year, net income was reported at USD -764.2 million, representing a dramatic decline from the prior year’s figure of -220.4 million. This suggests that LUCID GROUP may be struggling to contain costs and generate profitability. Investors should proceed with caution and further research before investing in the company.
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