TESLA INC (TSLA) Stock Fundamental Analysis
NASDAQ:TSLA - Nasdaq - US88160R1014 - Common Stock - Currency: USD
Taking everything into account, TSLA scores 7 out of 10 in our fundamental rating. TSLA was compared to 40 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making TSLA a very profitable company, without any liquidiy or solvency issues. TSLA is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make TSLA a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year TSLA was profitable.
TSLA had a positive operating cash flow in the past year.
In the past 5 years TSLA has always been profitable.
In the past 5 years TSLA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.84%, TSLA belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.78%, TSLA is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
The Return On Invested Capital of TSLA (6.62%) is better than 89.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TSLA is above the industry average of 9.08%.
The last Return On Invested Capital (6.62%) for TSLA is well below the 3 year average (11.83%), which needs to be investigated, but indicates that TSLA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.84% | ||
| ROE | 9.78% | ||
| ROIC | 6.62% |
ROA(3y)11.73%
ROA(5y)9.08%
ROE(3y)20.62%
ROE(5y)16.66%
ROIC(3y)11.83%
ROIC(5y)10.37%
1.3 Margins
TSLA has a better Profit Margin (7.30%) than 86.84% of its industry peers.
In the last couple of years the Profit Margin of TSLA has declined.
TSLA has a better Operating Margin (7.94%) than 84.21% of its industry peers.
TSLA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 17.86%, TSLA is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
TSLA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.94% | ||
| PM (TTM) | 7.3% | ||
| GM | 17.86% |
OM growth 3Y-13.01%
OM growth 5Y89.45%
PM growth 3Y-10.74%
PM growth 5YN/A
GM growth 3Y-10.93%
GM growth 5Y1.53%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TSLA is destroying value.
The number of shares outstanding for TSLA has been increased compared to 1 year ago.
Compared to 5 years ago, TSLA has more shares outstanding
TSLA has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 13.21 indicates that TSLA is not in any danger for bankruptcy at the moment.
TSLA has a Altman-Z score of 13.21. This is amongst the best in the industry. TSLA outperforms 100.00% of its industry peers.
TSLA has a debt to FCF ratio of 2.29. This is a good value and a sign of high solvency as TSLA would need 2.29 years to pay back of all of its debts.
The Debt to FCF ratio of TSLA (2.29) is better than 97.37% of its industry peers.
A Debt/Equity ratio of 0.08 indicates that TSLA is not too dependend on debt financing.
The Debt to Equity ratio of TSLA (0.08) is better than 81.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 2.29 | ||
| Altman-Z | 13.21 |
ROIC/WACC0.42
WACC15.8%
2.3 Liquidity
A Current Ratio of 2.02 indicates that TSLA has no problem at all paying its short term obligations.
TSLA's Current ratio of 2.02 is fine compared to the rest of the industry. TSLA outperforms 71.05% of its industry peers.
TSLA has a Quick Ratio of 1.61. This is a normal value and indicates that TSLA is financially healthy and should not expect problems in meeting its short term obligations.
TSLA has a better Quick ratio (1.61) than 76.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
TSLA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.68%.
Measured over the past years, TSLA shows a very strong growth in Earnings Per Share. The EPS has been growing by 103.90% on average per year.
Looking at the last year, TSLA shows a small growth in Revenue. The Revenue has grown by 0.95% in the last year.
The Revenue has been growing by 31.78% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-22.68%
EPS 3Y2.31%
EPS 5Y103.9%
EPS Q2Q%2.82%
Revenue 1Y (TTM)0.95%
Revenue growth 3Y21.98%
Revenue growth 5Y31.78%
Sales Q2Q%2.15%
3.2 Future
The Earnings Per Share is expected to grow by 27.82% on average over the next years. This is a very strong growth
Based on estimates for the next years, TSLA will show a quite strong growth in Revenue. The Revenue will grow by 18.06% on average per year.
EPS Next Y16.73%
EPS Next 2Y24.8%
EPS Next 3Y22.51%
EPS Next 5Y27.82%
Revenue Next Year11.7%
Revenue Next 2Y15.08%
Revenue Next 3Y15.25%
Revenue Next 5Y18.06%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
TSLA is valuated quite expensively with a Price/Earnings ratio of 121.07.
Based on the Price/Earnings ratio, TSLA is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.98. TSLA is valued rather expensively when compared to this.
TSLA is valuated quite expensively with a Price/Forward Earnings ratio of 103.72.
Based on the Price/Forward Earnings ratio, TSLA is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
TSLA is valuated expensively when we compare the Price/Forward Earnings ratio to 22.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 121.07 | ||
| Fwd PE | 103.72 |
4.2 Price Multiples
63.16% of the companies in the same industry are more expensive than TSLA, based on the Enterprise Value to EBITDA ratio.
81.58% of the companies in the same industry are more expensive than TSLA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 263.16 | ||
| EV/EBITDA | 68.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TSLA does not grow enough to justify the current Price/Earnings ratio.
TSLA has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TSLA's earnings are expected to grow with 22.51% in the coming years.
PEG (NY)7.24
PEG (5Y)1.17
EPS Next 2Y24.8%
EPS Next 3Y22.51%
5. Dividend
5.1 Amount
No dividends for TSLA!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
292.98
+11.03 (+3.91%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners49.24%
Inst Owner Change4.66%
Ins Owners12.81%
Ins Owner Change-4.07%
Market Cap942.38B
Analysts66.9
Price Target348.86 (19.07%)
Short Float %2.13%
Short Ratio0.72
Dividend
| Industry Rank | Sector 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)1
Avg EPS beat(2)7.35%
Min EPS beat(2)-6.13%
Max EPS beat(2)20.83%
EPS beat(4)1
Avg EPS beat(4)-3.9%
Min EPS beat(4)-18.25%
Max EPS beat(4)20.83%
EPS beat(8)2
Avg EPS beat(8)-3.18%
EPS beat(12)6
Avg EPS beat(12)3.67%
EPS beat(16)10
Avg EPS beat(16)7.74%
Revenue beat(2)0
Avg Revenue beat(2)-5.13%
Min Revenue beat(2)-7.56%
Max Revenue beat(2)-2.7%
Revenue beat(4)1
Avg Revenue beat(4)-3.57%
Min Revenue beat(4)-7.56%
Max Revenue beat(4)0.93%
Revenue beat(8)1
Avg Revenue beat(8)-3.07%
Revenue beat(12)2
Avg Revenue beat(12)-2.43%
Revenue beat(16)4
Avg Revenue beat(16)-1.4%
PT rev (1m)9.27%
PT rev (3m)48.39%
EPS NQ rev (1m)-26.94%
EPS NQ rev (3m)-26.43%
EPS NY rev (1m)-15.3%
EPS NY rev (3m)-14.65%
Revenue NQ rev (1m)-7.62%
Revenue NQ rev (3m)-8.05%
Revenue NY rev (1m)-3.89%
Revenue NY rev (3m)-3.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 121.07 | ||
| Fwd PE | 103.72 | ||
| P/S | 9.65 | ||
| P/FCF | 263.16 | ||
| P/OCF | 63.15 | ||
| P/B | 12.92 | ||
| P/tB | 13.19 | ||
| EV/EBITDA | 68.07 |
EPS(TTM)2.42
EY0.83%
EPS(NY)2.82
Fwd EY0.96%
FCF(TTM)1.11
FCFY0.38%
OCF(TTM)4.64
OCFY1.58%
SpS30.37
BVpS22.67
TBVpS22.21
PEG (NY)7.24
PEG (5Y)1.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.84% | ||
| ROE | 9.78% | ||
| ROCE | 8.32% | ||
| ROIC | 6.62% | ||
| ROICexc | 10.89% | ||
| ROICexgc | 11.18% | ||
| OM | 7.94% | ||
| PM (TTM) | 7.3% | ||
| GM | 17.86% | ||
| FCFM | 3.67% |
ROA(3y)11.73%
ROA(5y)9.08%
ROE(3y)20.62%
ROE(5y)16.66%
ROIC(3y)11.83%
ROIC(5y)10.37%
ROICexc(3y)19.43%
ROICexc(5y)17.56%
ROICexgc(3y)19.79%
ROICexgc(5y)18.13%
ROCE(3y)14.87%
ROCE(5y)13.04%
ROICexcg growth 3Y-20.75%
ROICexcg growth 5Y96.88%
ROICexc growth 3Y-19.54%
ROICexc growth 5Y97.08%
OM growth 3Y-13.01%
OM growth 5Y89.45%
PM growth 3Y-10.74%
PM growth 5YN/A
GM growth 3Y-10.93%
GM growth 5Y1.53%
F-Score4
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 2.29 | ||
| Debt/EBITDA | 0.44 | ||
| Cap/Depr | 211.29% | ||
| Cap/Sales | 11.61% | ||
| Interest Coverage | 28.01 | ||
| Cash Conversion | 113.67% | ||
| Profit Quality | 50.22% | ||
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 13.21 |
F-Score4
WACC15.8%
ROIC/WACC0.42
Cap/Depr(3y)197.79%
Cap/Depr(5y)201.66%
Cap/Sales(3y)9.87%
Cap/Sales(5y)10.96%
Profit Quality(3y)46.43%
Profit Quality(5y)118.76%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.68%
EPS 3Y2.31%
EPS 5Y103.9%
EPS Q2Q%2.82%
EPS Next Y16.73%
EPS Next 2Y24.8%
EPS Next 3Y22.51%
EPS Next 5Y27.82%
Revenue 1Y (TTM)0.95%
Revenue growth 3Y21.98%
Revenue growth 5Y31.78%
Sales Q2Q%2.15%
Revenue Next Year11.7%
Revenue Next 2Y15.08%
Revenue Next 3Y15.25%
Revenue Next 5Y18.06%
EBIT growth 1Y-12.72%
EBIT growth 3Y6.11%
EBIT growth 5Y149.66%
EBIT Next Year129.72%
EBIT Next 3Y52.24%
EBIT Next 5Y44.24%
FCF growth 1Y-17.81%
FCF growth 3Y0.93%
FCF growth 5Y29.91%
OCF growth 1Y12.58%
OCF growth 3Y9.08%
OCF growth 5Y44.06%