Xos Intrinsic Value Calculator – XOS Announces 51.7% Revenue Increase in Q3 FY2023
December 8, 2023
☀️Earnings Overview
On November 9 2023, XOS ($NASDAQ:XOS) reported its third quarter earnings results for the fiscal year 2023, with total revenue reaching USD 16.7 million, a 51.7% increase from the same period in the prior year. However, net income decreased to USD -14.1 million, as compared to -23.3 million in the previous year.
Analysis – Xos Intrinsic Value Calculator
GoodWhale has analyzed the fundamentals of XOS and has come up with a valuation. According to GoodWhale’s proprietary Valuation Line, XOS’s intrinsic value is around $4.8. Comparing this to the current market price of $0.3, we can see that XOS is currently undervalued by 93.8%. This indicates that there is a great opportunity to invest in this stock as the potential return is very attractive. For investors looking for long-term gains, XOS offers an attractive investment opportunity as it is currently trading at a huge discount to its intrinsic value. xos&utm_title=XOS_Announces_51.7_Revenue_Increase_in_Q3_FY2023″>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Xos. More…
| Total Revenues | Net Income | Net Margin |
| 34.72 | -81.7 | -259.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Xos. More…
| Operations | Investing | Financing |
| -61.02 | 58.05 | -23.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Xos. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 114.19 | 56.62 | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Xos are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -227.7% |
| FCF Margin | ROE | ROA |
| -185.5% | -77.9% | -43.3% |
Peers
In the electric vehicle market, Xos Inc is up against some stiff competition from The Lion Electric Co, Lightning eMotors Inc, and Nikola Corp. All three companies are working hard to develop the best electric vehicles and batteries to stay ahead in this rapidly growing industry. While Xos Inc has made great strides in recent years, its competitors are not far behind and are constantly innovating to improve their products. It will be interesting to see how this competition plays out in the coming years as the electric vehicle market continues to grow.
– The Lion Electric Co ($TSX:LEV)
Lion Electric Co is a manufacturer of electric vehicles, including buses, trucks and utility vehicles. The company has a market cap of 714.41M as of 2022 and a Return on Equity of 30.94%. The company’s products are used in a variety of applications, including public transportation, school and university fleets, commercial fleets, and industrial and construction sites.
– Lightning eMotors Inc ($NYSE:ZEV)
Lightning eMotors Inc is an American manufacturer of electric vehicles headquartered in Loveland, Colorado. The company was founded in 2009, and its products include medium-duty trucks, school buses, and shuttles. As of 2022, Lightning eMotors has a market cap of 110.08M and a ROE of 24.31%. The company’s products are used in a variety of applications, including package delivery, food and beverage delivery, and public transportation.
– Nikola Corp ($NASDAQ:NKLA)
Nikola Corporation is an American electric vehicle and clean energy company founded in 2014. It is headquartered in Phoenix, Arizona. The company’s name is derived from Nikola Tesla.
Nikola Corporation designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. The company also develops hydrogen and hydrogen infrastructure.Its products include the Nikola One and Nikola Two electric semi-trucks, the Nikola Tre electric truck, the Nikola Zero electric UTV, and the Nikola WAV marine vessel.
The company has a market capitalization of 1.4 billion as of 2022 and a return on equity of -76.12%. Nikola Corporation has faced criticism for its lack of profitability and for allegedly misrepresenting its technology.
Summary
XOS reported strong third quarter financial results for FY 2023. Total revenue increased significantly by 51.7% year-over-year to reach USD 16.7 million, while net income decreased from -23.3 million to -14.1 million. This suggests that the company is making progress towards improving its profitability, despite still posting a net loss.
The stock price reacted positively to the news, indicating that investors have faith in the company’s future performance. As XOS continues to prioritize fiscal growth and stability, investors should consider the stock as an attractive long-term investment opportunity.
