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LORDSTOWN MOTORS CORP-CL A (RIDE) Stock Fundamental Analysis

NASDAQ:RIDE - Nasdaq - US54405Q2093 - Common Stock - Currency: USD

2.2  +0.05 (+2.33%)

After market: 2.1 -0.1 (-4.55%)

Fundamental Rating

3

RIDE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 40 industry peers in the Automobiles industry. While RIDE has a great health rating, there are worries on its profitability. RIDE does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

RIDE had negative earnings in the past year.
In the past year RIDE has reported a negative cash flow from operations.
In the past 5 years RIDE always reported negative net income.
In the past 5 years RIDE always reported negative operating cash flow.
RIDE Yearly Net Income VS EBIT VS OCF VS FCFRIDE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 -200M -400M -600M

1.2 Ratios

RIDE has negative profitability rations, so we won't be analyzing them here.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RIDE Yearly ROA, ROE, ROICRIDE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 -20 -40 -60 -80 -100

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for RIDE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
RIDE Yearly Profit, Operating, Gross MarginsRIDE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 -50K -100K

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2. Health

2.1 Basic Checks

RIDE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for RIDE has been increased compared to 1 year ago.
There is no outstanding debt for RIDE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
RIDE Yearly Shares OutstandingRIDE Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 50M 100M 150M
RIDE Yearly Total Debt VS Total AssetsRIDE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 200M 400M 600M

2.2 Solvency

RIDE has an Altman-Z score of -7.19. This is a bad value and indicates that RIDE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of RIDE (-7.19) is worse than 83.33% of its industry peers.
There is no outstanding debt for RIDE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -7.19
ROIC/WACCN/A
WACC10.29%
RIDE Yearly LT Debt VS Equity VS FCFRIDE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 500M -500M

2.3 Liquidity

RIDE has a Current Ratio of 3.26. This indicates that RIDE is financially healthy and has no problem in meeting its short term obligations.
RIDE has a Current ratio of 3.26. This is in the better half of the industry: RIDE outperforms 77.78% of its industry peers.
RIDE has a Quick Ratio of 3.16. This indicates that RIDE is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.16, RIDE belongs to the best of the industry, outperforming 80.56% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.26
Quick Ratio 3.16
RIDE Yearly Current Assets VS Current LiabilitesRIDE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 200M 400M 600M

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3. Growth

3.1 Past

RIDE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1305.91%.
EPS 1Y (TTM)-1305.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2215.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

Based on estimates for the next years, RIDE will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.83% on average per year.
The Revenue is expected to grow by 258.30% on average over the next years. This is a very strong growth
EPS Next Y91.8%
EPS Next 2Y38.74%
EPS Next 3Y24.9%
EPS Next 5Y14.83%
Revenue Next Year94.21%
Revenue Next 2Y330.13%
Revenue Next 3Y456.63%
Revenue Next 5Y258.3%

3.3 Evolution

RIDE Yearly Revenue VS EstimatesRIDE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
RIDE Yearly EPS VS EstimatesRIDE Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -5 -10 -15

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RIDE. In the last year negative earnings were reported.
Also next year RIDE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
RIDE Price Earnings VS Forward Price EarningsRIDE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 200 300 400

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
RIDE Per share dataRIDE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 -20

4.3 Compensation for Growth

RIDE's earnings are expected to grow with 24.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.74%
EPS Next 3Y24.9%

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5. Dividend

5.1 Amount

No dividends for RIDE!.
Industry RankSector Rank
Dividend Yield N/A

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LORDSTOWN MOTORS CORP-CL A

NASDAQ:RIDE (7/6/2023, 8:17:01 PM)

After market: 2.1 -0.1 (-4.55%)

2.2

+0.05 (+2.33%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)05-04 2023-05-04/bmo
Earnings (Next)08-02 2023-08-02/bmo
Inst Owners0.04%
Inst Owner Change-96.22%
Ins Owners137.87%
Ins Owner Change0%
Market Cap35.06M
Analysts43.33
Price Target15.3 (595.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-134.9%
Min EPS beat(2)-209.37%
Max EPS beat(2)-60.43%
EPS beat(4)1
Avg EPS beat(4)-84.64%
Min EPS beat(4)-209.37%
Max EPS beat(4)58.42%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-55.14%
Min Revenue beat(2)-85.3%
Max Revenue beat(2)-24.98%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)94.17%
PT rev (3m)370.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1357.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-92.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 91.53
P/FCF N/A
P/OCF N/A
P/B 0.16
P/tB 0.16
EV/EBITDA N/A
EPS(TTM)-28.54
EYN/A
EPS(NY)-1.38
Fwd EYN/A
FCF(TTM)-21.71
FCFYN/A
OCF(TTM)-11.47
OCFYN/A
SpS0.02
BVpS13.35
TBVpS13.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1924.54%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.26
Quick Ratio 3.16
Altman-Z -7.19
F-Score5
WACC10.29%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1305.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2215.22%
EPS Next Y91.8%
EPS Next 2Y38.74%
EPS Next 3Y24.9%
EPS Next 5Y14.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year94.21%
Revenue Next 2Y330.13%
Revenue Next 3Y456.63%
Revenue Next 5Y258.3%
EBIT growth 1Y35.17%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-22.02%
EBIT Next 3Y12.22%
EBIT Next 5Y18.12%
FCF growth 1Y45.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y44.9%
OCF growth 3YN/A
OCF growth 5YN/A