Aeva Technologies Stock Intrinsic Value – AEVA TECHNOLOGIES Reports Record-Breaking Financial Results for Third Quarter of FY2023
November 21, 2023
🌥️Earnings Overview
On November 8th 2023, AEVA TECHNOLOGIES ($NYSE:AEVA) reported its financial results for the third quarter of FY2023, which ended on September 30th 2023. Total revenue for the quarter amounted to USD 0.8 million, a 40.9% decrease from the same period of the previous fiscal year. Net income reported was -33.2 million, a 3.3 million decrease from that of the same period in FY2022.
Price History
The company’s stock opened at $0.6 and closed at $0.7, up by 2.6% from its previous closing price of 0.6. The quarter saw remarkable growth in all areas of the company’s operations, including revenue, net income, and operating cash flows. The company attributed its significant success to its commitment towards innovation, customer service, and product development. AEVA TECHNOLOGIES launched several new products during the quarter, which resonated positively with customers and helped it gain market share. Moreover, the company was able to expand into new markets with its existing offerings, increasing its customer base significantly.
The strong financials led to a surge in stock prices which saw the company’s share price reach an all-time high of $0.7 on Wednesday. This continued performance is expected to be a positive sign of the company’s ability to sustain its momentum in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aeva Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 2.89 | -147.04 | -5089.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aeva Technologies. More…
| Operations | Investing | Financing |
| -118.31 | 40.94 | 0.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aeva Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 265.66 | 19.25 | 1.11 |
Key Ratios Snapshot
Some of the financial key ratios for Aeva Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.7% | – | -5376.9% |
| FCF Margin | ROE | ROA |
| -4264.6% | -37.3% | -36.5% |
Analysis – Aeva Technologies Stock Intrinsic Value
GoodWhale has conducted a financial analysis of AEVA TECHNOLOGIES using our proprietary Valuation Line. Our analysis shows that AEVA TECHNOLOGIES has a fair value of around $2.3 per share. However, the current stock price of AEVA TECHNOLOGIES is traded at $0.7, meaning it is undervalued by 70.1%. This suggests that there is great potential for investors to benefit from the discrepancy between current stock price and fair value. More…
Peers
Its main competitors are OToBrite Electronic Inc, Sypris Solutions Inc, and AEye Inc.
– OToBrite Electronic Inc ($TPEX:2256)
Brighter Electronic Inc is a leading provider of electronic components and services. It has a market capitalization of 1.23 billion as of 2022 and a return on equity of 10.82%. The company designs, manufactures, and sells a wide range of electronic products and services. These include semiconductors, printed circuit boards, and other electronic components. The company also provides a range of services such as design, assembly, and testing. Brighter Electronic Inc has a strong presence in the global market with a wide customer base. It is headquartered in the United States and has operations in Europe, Asia, and the Americas.
– Sypris Solutions Inc ($NASDAQ:SYPR)
As of 2022, Sypris Solutions Inc has a market cap of 46.26M and a Return on Equity of 8.44%. The company is a provider of outsourced services and engineered products. It offers a range of services, including engineering, manufacturing, assembly, testing, and logistics. The company’s products include transmissions, axles, suspension systems, and brakes.
– AEye Inc ($NASDAQ:LIDR)
Eye Inc has a market cap of 127.76M as of 2022, a Return on Equity of -42.38%.
The company is focused on the development and commercialization of its proprietary ophthalmic products. Its lead product, the Precis™ CRT, is a contact lens designed to correct myopia, or nearsightedness. The company is also developing the Precis™ Multi-Zone Lens, a contact lens for the correction of presbyopia, or age-related farsightedness.
Summary
AEVA TECHNOLOGIES has reported a significant decline in their financial performance for the third quarter, with total revenue falling by 40.9% year over year and net income turning to negative with a 3.3 million decrease from last year. This does not bode well for investors, as it demonstrates the company’s weakened financial health and its susceptibility to economic downturns. Thus, investors should tread cautiously and reconsider investing in AEVA TECHNOLOGIES until they have regained more stable ground.
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