PSNY Stock Fair Value Calculator – POLESTAR AUTOMOTIVE HOLDING UK Reports 16.3% Increase in Total Revenue for Q2 FY2023
September 3, 2023
☀️Earnings Overview
Polestar Automotive Holding ($NASDAQ:PSNY) UK reported total revenue of USD 685.2 million for the second quarter of FY2023, which ended on June 30th 2023. This is a 16.3% increase compared to the same period in the prior year. However, net income for the quarter decreased from -228.2 million to -304.1 million when compared to the same quarter last year. These results were published on August 31st 2023.
Analysis – PSNY Stock Fair Value Calculator
GoodWhale recently conducted an analysis of POLESTAR AUTOMOTIVE HOLDING UK’s wellbeing. Our proprietary Valuation Line showed that the intrinsic value of the company’s share is approximately $6.1. Interestingly, despite this intrinsic value, the stock is currently traded at $3.3, indicating that it is significantly undervalued by 46.2%. Therefore, this could be a great opportunity for investors who are looking to capitalize on POLESTAR AUTOMOTIVE HOLDING UK’s undervalued stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PSNY. More…
| Total Revenues | Net Income | Net Margin |
| 2.65k | -276.09 | -26.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PSNY. More…
| Operations | Investing | Financing |
| -1.34k | -482.66 | 1.57k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PSNY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.26k | 4.73k | -0.22 |
Key Ratios Snapshot
Some of the financial key ratios for PSNY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 198.7% | – | -5.5% |
| FCF Margin | ROE | ROA |
| -68.9% | 29.6% | -2.1% |
Peers
The company has a strong presence in the UK market and is competing with Canoo Inc, RAC Electric Vehicles Inc, and Phoenix Motor Inc.
– Canoo Inc ($NASDAQ:GOEV)
Canoo Inc is a publicly traded company that designs and manufactures electric vehicles. The company has a market capitalization of 477.02 million as of 2022 and a return on equity of -169.72%. Canoo Inc is headquartered in Los Angeles, California and has manufacturing facilities in the United States, Canada, and Mexico. The company’s products include the Canoo LSEV, an electric vehicle that is designed for urban environments, and the Canoo MPD, an electric vehicle that is designed for off-road use.
– RAC Electric Vehicles Inc ($TPEX:2237)
RAC Electric Vehicles Inc is a leading manufacturer of electric vehicles. The company has a market cap of 3.65 billion as of 2022 and a return on equity of -10.56%. RAC electric vehicles are known for their quality, reliability, and performance. The company’s products are sold in over 50 countries around the world. RAC electric vehicles are used in a variety of applications including personal transportation, commercial fleet vehicles, and law enforcement.
– Phoenix Motor Inc ($NASDAQ:PEV)
Phoenix Motor Inc. is engaged in the business of designing, developing, manufacturing and selling light electric vehicles. The Company’s products include electric bicycles, electric scooters, electric motorcycles and electric tricycles. It also provides electric vehicle batteries, controllers, motors and related parts and components. The Company’s products are sold to original equipment manufacturers, distributors and retailers in China and internationally.
Summary
Investors in POLESTAR AUTOMOTIVE HOLDING UK should take note of the company’s latest financial results for the second quarter of FY2023, which ended June 30. The reported total revenue of USD 685.2 million represented a 16.3% increase year-on-year, although the company reported a net loss of USD -304.1 million – a decrease from the previous year’s figure of -228.2 million. Despite this, the stock price moved down on August 31, indicating the market was not encouraged by these results. Investors should monitor the stock and analyze POLESTAR’s financial results over the coming months to determine if the company can turn around its fortunes.
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