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FSR

FiskerNYSE:FSR Stock Report

Market Cap

US$4.4b

7D

10.9%

1Y

n/a

Updated

25 Sep, 2021

Data

Company Financials +
FSR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

FSR Overview

Fisker, Inc. focuses on design, development, manufacture, and sale of electric vehicles.

Price History & Performance

Summary of all time highs, changes and price drops for Fisker
Historical stock prices
Current Share PriceUS$14.97
52 Week HighUS$8.90
52 Week LowUS$31.96
Beta0
1 Month Change8.87%
3 Month Change-22.44%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO47.63%

Recent News & Updates

Sep 17

Fisker: This EV Stock Is Ready To Soar

Fisker is an up-and-coming EV startup that is expected to bring its first SUV product to market in Q4’22. Details about new EV models set to launch in 2023 could create buzz for Fisker and its stock. Fisker’s risk profile is skewed to the upside. The recent decline in EV market valuations creates an opportunity to engage.

Sep 08

Fisker Vs NIO: Which EV Stock Is The Better Buy?

Improving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years. Global EV sales have surged by over 40% in 2020, and are poised to reach newer heights this year, making it an exciting investment opportunity. But the growing number of EV stocks, ranging from established EV makers to pre-revenue start-ups, have made it increasingly difficult to determine which makes a better investment. A similar investment dilemma applies to NIO and Fisker, with one being a leading EV brand in China, and the other still in pre-revenue and pre-production phase. While our outlook remains bullish on both stocks, we believe NIO makes a higher-growth long-term investment due to the increasing value ascribed to its proprietary technology, including battery swaps and autonomous driving.

Aug 17

Fisker: Nothing To Look At

Fisker is expected to bleed cash and generate zero revenues for more than a year. We see several challenges, which are likely going to prevent Fisker from creating additional shareholder value in the following years. Fisker’s upside appears to be limited and it’s better to avoid its stock at this stage.

Aug 09

Fisker Stock Forecast For 2025: What You Should Know

Fisker's management remained tight-lipped on the specifications of its flagship Ocean SUV at the second-quarter earnings call on Thursday, leaving investors and potential customers empty-handed once again. But one thing that remains clear is the company's five-year plan to becoming the world's most sustainable carmaker, which involves four EVs, strategic partnerships, and becoming carbon neutral without offsets. Its "asset-lite" business model enables cost-savings that are passed onto customers in the form of highly-competitive pricing, which will help secure robust sales as global EV adoption continues to accelerate. With the Ocean SUV commencing production in November and three more models to come before 2025, Fisker's proprietary business model is expected to pay large dividends in the long-run when materialized according to plan. Considering a relatively flat share price in recent weeks at the $14-15 range as investors mull on the upcoming November launch of the Fisker Ocean, the current price-levels make a reasonable buy opportunity for upside of more than 40% in the near-term.

Jun 15

Is Fisker The Next Short Squeeze?

FSR is up 72% since my bullish call just a month ago. With that sort of move, caution is warranted on further gains. New fundamental developments lay out the future path for Fisker.

Shareholder Returns

FSRUS AutoUS Market
7D10.9%1.1%0.1%
1Yn/a84.0%35.3%

Return vs Industry: Insufficient data to determine how FSR performed against the US Auto industry.

Return vs Market: Insufficient data to determine how FSR performed against the US Market.

Price Volatility

Is FSR's price volatile compared to industry and market?
FSR volatility
FSR Beta0
Industry Beta1.85
Market Beta1

Stable Share Price: FSR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FSR's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2016236Henrik Fiskerhttps://www.fiskerinc.com

Fisker, Inc. focuses on design, development, manufacture, and sale of electric vehicles. The company was founded in 2016 and is headquartered in Manhattan Beach, California.

Fisker Fundamentals Summary

How do Fisker's earnings and revenue compare to its market cap?
FSR fundamental statistics
Market CapUS$4.43b
Earnings (TTM)-US$350.13m
Revenue (TTM)US$49.00k

93.6kx

P/S Ratio

-12.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FSR income statement (TTM)
RevenueUS$49.00k
Cost of RevenueUS$31.00k
Gross ProfitUS$18.00k
ExpensesUS$350.15m
Earnings-US$350.13m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.18
Gross Margin36.73%
Net Profit Margin-714,546.94%
Debt/Equity Ratio0%

How did FSR perform over the long term?

See historical performance and comparison

Valuation

Is Fisker undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FSR ($14.97) is trading below our estimate of fair value ($178.4)

Significantly Below Fair Value: FSR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FSR is unprofitable, so we can't compare its PE Ratio to the US Auto industry average.

PE vs Market: FSR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FSR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FSR's PB Ratio (4x) is in line with the US Auto industry average.


Future Growth

How is Fisker forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

77.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: FSR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FSR's is expected to become profitable in the next 3 years.

Revenue vs Market: FSR's revenue (74.8% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: FSR's revenue (74.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FSR is forecast to be unprofitable in 3 years.


Past Performance

How has Fisker performed over the past 5 years?

-3,439.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FSR is currently unprofitable.

Growing Profit Margin: FSR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FSR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare FSR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FSR is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (367.5%).


Return on Equity

High ROE: FSR has a negative Return on Equity (-31.53%), as it is currently unprofitable.


Financial Health

How is Fisker's financial position?


Financial Position Analysis

Short Term Liabilities: FSR's short term assets ($986.1M) exceed its short term liabilities ($59.2M).

Long Term Liabilities: FSR's short term assets ($986.1M) exceed its long term liabilities ($21.6M).


Debt to Equity History and Analysis

Debt Level: FSR is debt free.

Reducing Debt: FSR had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FSR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FSR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Fisker current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FSR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FSR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FSR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FSR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FSR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Henrik Fisker (58 yo)

0.92

Tenure

US$71,148

Compensation

Mr. Henrik Fisker serves as Chief Executive Officer of Fisker Inc. since October 2020 and serves as its Chairman of the Board which he founded. He serves as President at Fisker Inc. since October 2, 2020....


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD71.15K) is below average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Henrik's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: FSR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: FSR's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: FSR only recently listed within the past 12 months.


Top Shareholders

Company Information

Fisker Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fisker Inc.
  • Ticker: FSR
  • Exchange: NYSE
  • Founded: 2016
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: US$4.433b
  • Shares outstanding: 296.10m
  • Website: https://www.fiskerinc.com

Number of Employees


Location

  • Fisker Inc.
  • 1888 Rosecrans Avenue
  • Manhattan Beach
  • California
  • 90266
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:09
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.