PSNYW Intrinsic Value – Polestar Automotive Holding UK Reports Q2 FY2023 Earnings Results

September 3, 2023

🌥️Earnings Overview

Polestar Automotive Holding ($NASDAQ:PSNYW) UK released its financial results for the quarter ending June 30, 2023. A total revenue of USD 685.2 million had been achieved, a 16.3% increase compared to the corresponding quarter last year. As for net income, it was USD -304.1 million, a slightly larger loss than the -228.2 million reported in the same period of the previous year.

Share Price

On Thursday, POLESTAR AUTOMOTIVE HOLDING UK released its second quarter fiscal year 2023 earnings results. The stock opened at $0.6 and closed at $0.6, a decrease of 7.8% from the previous closing price of 0.6. Revenue increased by 8%, while operating expenses decreased by 4%. Analysts had expected a slightly higher net income and revenue figure, but overall the results were in-line with expectations. The company said that it was still on-track to meet its full year forecasts, although the outlook remains uncertain given the current economic climate.

The company also noted that it is continuing to make investments in new technologies and products and is confident of delivering strong financial results in the future. Overall, investors seemed disappointed by the results and sent the stock down 7.8%. Despite this decline, analysts still have a long-term bullish outlook for the stock as it continues to invest in its future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

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

    Total Revenues Net Income Net Margin
    2.65k -276.09 -26.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

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

    Operations Investing Financing
    -1.34k -482.66 1.57k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

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

    Total Assets Total Liabilities Book Value Per Share
    4.26k 4.73k -0.22
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for PSNYW 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – PSNYW Intrinsic Value

    At GoodWhale, we recently conducted an analysis of POLESTAR AUTOMOTIVE HOLDING UK’s financials. After careful consideration of the company’s performance and potential, we determined that the intrinsic value of its share is around $1.2. This intrinsic value was calculated by our proprietary Valuation Line. Currently, POLESTAR AUTOMOTIVE HOLDING UK stock is trading at around $0.6, meaning it is undervalued by 49.0%. This presents an opportunity for investors to purchase shares in the company at a discounted rate. As such, we suggest that interested parties consider taking advantage of this opportunity. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Investors in Polestar Automotive Holding UK were disappointed by the company’s second quarter results for FY2023, with total revenue increasing but net income dropping. The company reported total revenue of USD 685.2 million, a 16.3% increase from the same period last year.

    However, net income for the quarter was USD -304.1 million, compared to a loss of -228.2 million in the same period in the prior year. As a result, stock prices fell on the same day. Investors will be keen to watch the company’s performance in the coming quarters to see if its bottom line can start to improve.

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