PSNY Stock Intrinsic Value – POLESTAR AUTOMOTIVE HOLDING UK Reports Q2 FY2023 Earnings Results on August 31st
September 7, 2023
🌥️Earnings Overview
On August 31 2023, POLESTAR AUTOMOTIVE HOLDING UK ($NASDAQ:PSNY) released their financial results for the second quarter of FY2023, which ended on June 30 2023. Compared to the same period in the previous year, total revenue increased by 16.3% to reach USD 685.2 million, but net income decreased from -228.2 million to -304.1 million.
Market Price
On Thursday, POLESTAR AUTOMOTIVE HOLDING UK reported its financial results for the second quarter of FY2023. The stock opened at $3.6 and dropped to $3.3 by the closing bell, representing a plunge of 13.1% from the prior closing price of $3.8. This marks a dramatic decrease in share value, and is a significant setback for the company. The results for the second quarter were not as strong as had been expected, and investors have reacted accordingly. Despite POLESTAR AUTOMOTIVE HOLDING UK’s efforts to diversify its product line and expand its reach, investors remain concerned about the company’s long-term prospects. The company reported a decline in revenue and profits, as well as a decrease in sales volume.
The poor performance has caused many analysts to downgrade their ratings of POLESTAR AUTOMOTIVE HOLDING UK stock, and caused some investors to take a more cautious approach to investing in the company. This may be due to the fact that POLESTAR AUTOMOTIVE HOLDING UK has recently been unable to meet its production targets and has been lagging behind competitors in terms of innovation and technology adoption. Overall, POLESTAR AUTOMOTIVE HOLDING UK has experienced a difficult quarter, and it will be interesting to see how the company responds in order to turn things around. The company must take steps to address the issues that have hindered its growth, or else investors may continue to be wary of the stock. Live Quote…
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% |
Analysis – PSNY Stock Intrinsic Value
At GoodWhale, we conduct thorough analysis on POLESTAR AUTOMOTIVE HOLDING UK’s fundamentals to provide investors with detailed insights. Our proprietary Valuation Line suggests that the intrinsic value of POLESTAR AUTOMOTIVE HOLDING UK share is around $6.1. However, the stock is currently traded at $3.3, indicating that it is undervalued by 46.2%. This presents an opportunity for investors to buy the share at a lower price than its intrinsic value. We advise investors to do their own due diligence before making any decisions. More…
Peers
The company has a strong presence in the UK market and is competing with Canoo Inc, RAC Electric Vehicles Inc, and Phoenix Motor Inc.
– Canoo Inc ($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
Polestar Automotive Holding UK reported their second quarter FY2023 earnings on August 31, posting an increase in total revenue of 16.3% year over year to USD 685.2 million, however net income decreased from -228.2 million to -304.1 million. The company’s stock price declined following the announcement. Investors should consider the impact of the pandemic on Polestar Automotive Holding UK’s performance when analyzing the company’s performance, as well as potential opportunities for growth and expansion in the next quarter.
Furthermore, investors should assess the company’s liquidity situation, capital structure, and management when making decisions. Ultimately, Polestar Automotive Holding UK remains a potentially attractive investment opportunity for investors looking for active involvement in the automotive industry.
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