Lucid Group Intrinsic Stock Value – LUCID GROUP Reports Record Third Quarter Earnings For FY2023
November 26, 2023
🌥️Earnings Overview
On September 30 2023, LUCID GROUP ($NASDAQ:LCID) reported its earnings results for the third quarter of FY2023. Total revenue was USD 137.8 million, a decrease of 29.5% compared to the same quarter in the previous year. Net income was reported to be USD -630.9 million, compared to -530.1 million a year ago.
Market Price
The stock opened at the same price of $4.3 and closed at the same price, however it was down 0.5% from its prior closing price of 4.3. This decrease is due to a volatile trading week, with investors not being fully confident in the reported earnings. This positive performance is a result of the company’s diligent focus on cost-saving measures and continued innovation in product development.
Additionally, LUCID GROUP‘s strong performance was driven by a growing demand for their products and services across multiple industries. With their stock opening and closing at the same price on Tuesday, investors are optimistic that the company will continue to deliver sustainable growth in the coming quarters. 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 |
| 695.83 | -2.65k | -413.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lucid Group. More…
| Operations | Investing | Financing |
| -2.66k | -1.99k | 4.56k |
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 |
| 8.94k | 3.54k | 2.36 |
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% | – | -376.7% |
| FCF Margin | ROE | ROA |
| -516.2% | -28.8% | -18.3% |
Analysis – Lucid Group Intrinsic Stock Value
GoodWhale has conducted an analysis of LUCID GROUP‘s financials, and we can confidently conclude that the fair value of their shares is estimated to be around $723.4. This fair value was calculated using our proprietary Valuation Line. However, currently the LUCID GROUP stock is being traded at $4.3, representing a 99.4% discount from its fair value. This presents an excellent buying opportunity for those looking to invest in this company. More…
Peers
Lucid Group Inc is an American automotive company founded in 2007 by Bernard Tse and Sam Weng. The company’s first car, the Lucid Air, was unveiled in December 2016. Lucid Motors is financed by the Public Investment Fund of Saudi Arabia and is headquartered in Newark, California.
Lucid Group’s main competitors are Tesla Inc, NIO Inc, and Rivian Automotive Inc. Tesla Inc is an American electric vehicle and clean energy company based in Palo Alto, California. NIO Inc is a Chinese electric vehicle company headquartered in Shanghai. Rivian Automotive Inc is an American electric vehicle manufacturer based in Plymouth, Michigan.
– Tesla Inc ($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
LUCID GROUP‘s earnings for the third quarter of FY2023, ending September 30th, showed a decrease of 29.5% in total revenue compared to the same quarter last year. Net income decreased significantly from -530.1 million to -630.9 million. Investors should be cautious when considering investing in LUCID GROUP, as the company is struggling to generate profits and revenues are declining. With the current downward trend, investors may want to wait and assess future performance before making investments.
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