How does 1NKLA's PS Ratio compare to its peers?

1NKLA is expensive based on its Price-To-Sales Ratio (1.3x) compared to the peer average (0.6x).

How does 1NKLA's PS Ratio compare vs other companies in the IT Machinery Industry?

1NKLA is expensive based on its Price-To-Sales Ratio (1.3x) compared to the Italian Machinery industry average (0.8x).

What is 1NKLA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1NKLA is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0x).

What is the Fair Price of 1NKLA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate 1NKLA's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

1NKLA Stock Overview

Operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. More details

1NKLA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Revenue is forecast to grow 63.28% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Highly volatile share price over the past 3 months compared to the Italian market

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (€97M)

My Notes

Capture your thoughts, links and company narrative

Nikola Corporation Competitors

OMER

BIT:OMER

€119.4m

Tesmec

BIT:TES

€40.3m

Tenax International

BIT:TNX

€8.3m

Iveco Group

BIT:IVG

€2.4b

Price History & Performance

Summary of share price highs, lows and changes for Nikola
Historical stock prices
Current Share Price	US$1.32
52 Week High	US$10.90
52 Week Low	US$0.96
Beta	1.92
1 Month Change	-29.48%
3 Month Change	-66.81%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-86.66%

Recent updates

Shareholder Returns

	1NKLA	IT Machinery	IT Market
7D	0.9%	0.09%	-0.08%
1Y	n/a	-10.3%	8.4%

Return vs Industry: Insufficient data to determine how 1NKLA performed against the Italian Machinery industry.

Return vs Market: Insufficient data to determine how 1NKLA performed against the Italian Market.

Price Volatility

Is 1NKLA's price volatile compared to industry and market?
1NKLA volatility
1NKLA Average Weekly Movement	21.5%
Machinery Industry Average Movement	4.4%
Market Average Movement	4.3%
10% most volatile stocks in IT Market	7.5%
10% least volatile stocks in IT Market	2.5%

Stable Share Price: 1NKLA's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: 1NKLA's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

Founded	Employees	CEO	Website
2015	870	Steve Girsky	www.nikolamotor.com

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.

Nikola Corporation Fundamentals Summary

How do Nikola's earnings and revenue compare to its market cap?
1NKLA fundamental statistics
Market cap	€93.33m
Earnings (TTM)	-€609.89m
Revenue (TTM)	€72.57m

1.3x

P/S Ratio

-0.2x

P/E Ratio

Is 1NKLA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1NKLA income statement (TTM)
Revenue	US$75.53m
Cost of Revenue	US$288.01m
Gross Profit	-US$212.48m
Other Expenses	US$422.29m
Earnings	-US$634.77m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-7.51
Gross Margin	-281.32%
Net Profit Margin	-840.44%
Debt/Equity Ratio	81.9%

How did 1NKLA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 10:58
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nikola Corporation is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Thomas Mordelle	Bryan Garnier & Co
Paul de Froment	Bryan Garnier & Co
Gregory Lewis	BTIG