Rivian Automotive Stock Fair Value – RIVIAN AUTOMOTIVE Announces Positive Q3 Financial Results for Fiscal Year 2023
December 3, 2023
☀️Earnings Overview
On September 30th 2023, RIVIAN AUTOMOTIVE ($NASDAQ:RIVN) reported their financial results for Q3 of the 2023 fiscal year. There was a total revenue increase of 149.4% compared to the same period last year, totalling USD 1337.0 million. Net income however saw a decrease from the prior year figure of -1724.0 million to -1367.0 million.
Price History
The company’s stock opened at $17.1 and closed at $17.4, up by 1.4% from the previous closing price of 17.2. This news is considered a big win for the company, who has been working hard to become one of the leading electric vehicle manufacturers in the world. Furthermore, the company saw an increase in both its gross profit margin and operating income, reflecting the company’s successful cost optimization initiatives. In addition to its positive financial results, the company announced that it had signed a number of strategic partnerships with leading technology companies such as LG, Panasonic, and Intel to develop and test new products and services. These partnerships will help RIVIAN AUTOMOTIVE to expand its market share and increase its revenues in the future.
Overall, these results were definitely a reason for celebration for RIVIAN AUTOMOTIVE. The company has been making significant strides to become a leading player in the electric vehicle industry, and this latest news is another indicator of their progress. With continued success in the future, there is no doubt that RIVIAN AUTOMOTIVE will continue to make waves in the industry. 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 |
| 3.78k | -5.63k | -149.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rivian Automotive. More…
| Operations | Investing | Financing |
| -5.21k | -2.2k | 1.55k |
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 |
| 16.46k | 5.9k | 11.02 |
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 |
| – | – | -144.2% |
| FCF Margin | ROE | ROA |
| -164.6% | -30.6% | -20.7% |
Analysis – Rivian Automotive Stock Fair Value
At GoodWhale, we have been closely monitoring the fundamentals of RIVIAN AUTOMOTIVE. After analyzing their financials, operations and market performance, we have come to the conclusion that the intrinsic value of each share is around $237.3. We have calculated this by using our proprietary Valuation Line. Right now, RIVIAN AUTOMOTIVE shares are traded at $17.4, which is significantly lower than the actual worth of the stock. This implies that the overall stock is undervalued by an astonishing 92.7%. 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, reported their financial results for Q3 of 2023 and saw a 149.4% increase in total revenue compared to the same period a year ago. However, their net income for the quarter was USD -1367.0 million, which is a lower figure than the prior year (-1724.0 million). For investors, this indicates a mixed bag of news; whilst there is potential for growth, there is also a large loss for the quarter to consider. It is important to thoroughly assess RIVIAN AUTOMOTIVE’s financial standing and overall strategy before investing in the company.
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