Stock Analysis
XPeng (NYSE:XPEV) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥30.7b (up 14% from FY 2022).
- Net loss: CN¥10.4b (loss widened by 14% from FY 2022).
- CN¥11.92 loss per share (further deteriorated from CN¥10.67 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XPeng Revenues Disappoint
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) was mostly in line with analyst estimates.
In the last 12 months, the only revenue segment was Auto Manufacturers contributing CN¥30.7b. Notably, cost of sales worth CN¥30.1b amounted to 98% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥6.15b (54% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥461.2m. Explore how XPEV's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are down 13% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for XPeng that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether XPeng is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:XPEV
XPeng
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People’s Republic of China.
Adequate balance sheet and slightly overvalued.