Rivian Automotive Stock Fair Value Calculator – Panattoni to Invest in Second Development Near Rivian Automotive Headquarters
June 16, 2023
🌥️Trending News
Panattoni, a global leader in industrial real estate development and logistics solutions, has announced its plans to invest in a second development near the headquarters of Rivian Automotive ($NASDAQ:RIVN). This investment comes as Rivian continues to grow its presence in the electric vehicle market. The company is a leader in the electric vehicle market, with their groundbreaking vehicles, innovative tech, and focus on sustainability. This new development is part of a larger effort by Panattoni to facilitate growth in automotive and tech production across the Midwest. This development will significantly expand the presence of Rivian and other automotive and technology companies in the area.
This investment by Panattoni is an indication of the company’s commitment to supporting the region’s electric vehicle growth. It is expected that this new development will help Rivian reach their goals of providing groundbreaking electric vehicles that meet the demands of customers around the world. This investment is a great sign for the future of electric vehicles and other automotive technology in the Midwest.
Stock Price
The company opened at $14.2 and closed at $15.2. To further their success, Panattoni, a major real estate development, has now made a decision to invest in a second development near the automaker’s headquarters in Plymouth, Michigan. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rivian Automotive. More…
| Total Revenues | Net Income | Net Margin |
| 2.22k | -6.51k | -292.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rivian Automotive. More…
| Operations | Investing | Financing |
| -5.54k | -1.23k | 1.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rivian Automotive. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.19k | 5.45k | 13.57 |
Key Ratios Snapshot
Some of the financial key ratios for Rivian Automotive are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -287.1% |
| FCF Margin | ROE | ROA |
| -304.5% | -30.1% | -21.9% |
Analysis – Rivian Automotive Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of RIVIAN AUTOMOTIVE‘s financials to determine the intrinsic value of its shares. Our proprietary Valuation Line gave us an estimate of $234.1 per share. This suggests that RIVIAN AUTOMOTIVE stock is undervalued and presents an attractive investment opportunity. More…
Peers
Rivian Automotive Inc is an American automotive and energy storage company. Founded in 2009, the company focuses on developing electric vehicles. Rivian has raised over $6 billion from investors including Amazon.com and Ford Motor Company. Rivian’s main competitors are Lucid Group Inc, Tesla Inc, and Ford Motor Co.
– Lucid Group Inc ($NASDAQ:LCID)
As of 2022, Lucid Group Inc has a market cap of 21.21B and a Return on Equity of -29.52%. Lucid Group Inc is a leading provider of marketing and advertising services. The company has a strong focus on delivering high-quality, innovative, and effective marketing and advertising solutions to its clients. Lucid Group Inc has a strong reputation for providing excellent service and delivering results that exceed expectations. The company’s focus on quality and customer satisfaction has resulted in a loyal client base and a strong market position. Lucid Group Inc is well-positioned to continue its growth and success in the marketing and advertising industry.
– Tesla Inc ($NASDAQ:TSLA)
Tesla’s market cap as of 2022 is 695.76B. The company has a Return on Equity of 27.88%. Tesla is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, batteries, and solar panel manufacturing. Tesla also offers vehicle service centers, superchargers, and home energy systems.
– Ford Motor Co ($NYSE:F)
As of 2022, Ford Motor Company has a market capitalization of 48.77 billion dollars and a return on equity of 23.7%. The company is one of the largest automakers in the world and is known for its production of cars and trucks. The company also has a strong presence in the world of motorsports, with its vehicles competing in a number of different racing series.
Summary
Rivian Automotive is an American automotive and energy technology company based in Plymouth, Michigan. This is due to investor anticipation for the upcoming release of its all-electric pickup truck and SUV models. The company recently announced plans for a new development near its headquarters in Michigan, further increasing investors’ confidence. While investors should always do their research before making a decision to invest, Rivian Automotive appears to be a strong contender in the electric vehicle market, and is certainly worth keeping an eye on for potential future investment opportunities.
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