| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
NKLA Stock Overview
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions.
Nikola Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$4.72 |
| 52 Week High | US$16.86 |
| 52 Week Low | US$4.61 |
| Beta | 1.06 |
| 1 Month Change | -34.90% |
| 3 Month Change | -52.94% |
| 1 Year Change | -71.29% |
| 3 Year Change | -53.41% |
| 5 Year Change | n/a |
| Change since IPO | -50.73% |
Recent News & Updates
Nikola: Cash Burn Rate Raises Dilution Questions Ahead Of Shareholder Meeting
Nikola is working quickly to scale production and pilots as it expects to generate ~$120 million in revenue in FY22. However, Nikola's liquidity picture is a bit worse than it looks, with Tumim's remaining ELOC worth less than $250 million. Nikola's high cash burn rate and fragile liquidity picture raise the stakes of shareholder dilution, as Nikola is urging shareholders to approve a 33% increase in authorized shares.
Nikola Still Trades At A Risky Multiple
Nikola went public and saw a massive hype as it was called the Tesla of trucks. Investors soon turned very pessimistics, sending the stock to all time lows as fraud charges and production delays were seen as major problems that prevented from trusting the company. Nikola is trying to turn around investors' sentiment and recently stated that it is finally delivering its first electric trucks during the current quarter. During these years, Nikola lost its perceived first move advantage and allowed the main truck manufactureres to take the lead in the electric truck revolution. Still, demand for electric trucks is far greater than the current manufacturing capacity of all the industry players, providing Nikola with one last opportunity.
Nikola: One More Major Hurdle
Nikola is finally in production mode with revenues set to top $15 million in the June quarter. The EV company still need more capital to fund the 2023 investment plan. The stock has a reasonable valuation, but the dilution aspect makes investing here too tricky.
Shareholder Returns
| NKLA | US Machinery | US Market | |
|---|---|---|---|
| 7D | -15.9% | -2.6% | -2.5% |
| 1Y | -71.3% | -22.5% | -21.2% |
Return vs Industry: NKLA underperformed the US Machinery industry which returned -22.5% over the past year.
Return vs Market: NKLA underperformed the US Market which returned -21.2% over the past year.
Price Volatility
| NKLA volatility | |
|---|---|
| NKLA Average Weekly Movement | 13.1% |
| Machinery Industry Average Movement | 6.2% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: NKLA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: NKLA's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 900 | Mark Russell | https://www.nikolamotor.com |
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.
Nikola Fundamentals Summary
| NKLA fundamental statistics | |
|---|---|
| Market Cap | US$1.99b |
| Earnings (TTM) | -US$723.15m |
| Revenue (TTM) | US$1.89m |
1,054x
P/S Ratio-2.7x
P/E RatioIs NKLA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NKLA income statement (TTM) | |
|---|---|
| Revenue | US$1.89m |
| Cost of Revenue | US$1.46m |
| Gross Profit | US$431.00k |
| Other Expenses | US$723.59m |
| Earnings | -US$723.15m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.72 |
| Gross Margin | 22.84% |
| Net Profit Margin | -38,323.00% |
| Debt/Equity Ratio | 4.0% |
How did NKLA perform over the long term?
See historical performance and comparisonValuation
Is NKLA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NKLA?
Other financial metrics that can be useful for relative valuation.
| What is NKLA's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.99b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 868.4x |
| Enterprise Value/EBITDA | -2.3x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does NKLA's PB Ratio compare to its peers?
| NKLA PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.6x | ||
TRN Trinity Industries | 2x | 72.5% | US$2.0b |
TEX Terex | 1.7x | 9.8% | US$1.9b |
FSS Federal Signal | 2.7x | 21.4% | US$2.1b |
MTOR Meritor | 3.8x | 17.8% | US$2.6b |
NKLA Nikola | 3.2x | 16.1% | US$2.0b |
Price-To-Book vs Peers: NKLA is expensive based on its Price-To-Book Ratio (3.2x) compared to the peer average (2.6x).
Price to Earnings Ratio vs Industry
How does NKLA's PE Ratio compare vs other companies in the US Machinery Industry?
Price-To-Book vs Industry: NKLA is expensive based on its Price-To-Book Ratio (3.2x) compared to the US Machinery industry average (2x)
Price to Book Ratio vs Fair Ratio
What is NKLA's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 3.2x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate NKLA's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NKLA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate NKLA's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NKLA's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NKLA's PEG Ratio to determine if it is good value.
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Future Growth
How is Nikola forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NKLA is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NKLA is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NKLA is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NKLA's revenue (64% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: NKLA's revenue (64% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NKLA is forecast to be unprofitable in 3 years.
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Past Performance
How has Nikola performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-53.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NKLA is currently unprofitable.
Growing Profit Margin: NKLA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NKLA is unprofitable, and losses have increased over the past 5 years at a rate of 53.5% per year.
Accelerating Growth: Unable to compare NKLA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NKLA is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (23.3%).
Return on Equity
High ROE: NKLA has a negative Return on Equity (-116.23%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Nikola's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NKLA's short term assets ($419.0M) exceed its short term liabilities ($183.6M).
Long Term Liabilities: NKLA's short term assets ($419.0M) exceed its long term liabilities ($104.5M).
Debt to Equity History and Analysis
Debt Level: NKLA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NKLA's debt to equity ratio has reduced over the past 5 years.
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: NKLA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NKLA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.2% each year
Discover healthy companies
Dividend
What is Nikola current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NKLA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NKLA'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 NKLA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NKLA's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NKLA has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Mark Russell (59 yo)
2.08yrs
Tenure
US$5,609,642
Compensation
Mr. Mark A. Russell has been the Chief Executive Officer, President and Director of Nikola Corporation since June 2020. Mr. Russell served as the President and Chief Operating Officer of Worthington Indust...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD5.61M) is about average for companies of similar size in the US market ($USD5.53M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NKLA's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: NKLA's board of directors are not considered experienced ( 2.1 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.
Top Shareholders
Company Information
Nikola Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Nikola Corporation
- Ticker: NKLA
- Exchange: NasdaqGS
- Founded: NaN
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: US$1.988b
- Shares outstanding: 421.14m
- Website: https://www.nikolamotor.com
Number of Employees
Location
- Nikola Corporation
- 4141 East Broadway Road
- Phoenix
- Arizona
- 85040
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.