TESLA INC (TSLA) Stock Fundamental Analysis
NASDAQ:TSLA - Nasdaq - US88160R1014 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to TSLA. TSLA was compared to 41 industry peers in the Automobiles industry. TSLA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TSLA is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, TSLA could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
TSLA had positive earnings in the past year.
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
The Return On Assets of TSLA (5.84%) is better than 95.12% of its industry peers.
TSLA has a better Return On Equity (9.78%) than 82.93% of its industry peers.
With an excellent Return On Invested Capital value of 6.62%, TSLA belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TSLA is above the industry average of 9.04%.
The 3 year average ROIC (11.83%) for TSLA is well above the current ROIC(6.62%). The reason for the recent decline needs to be investigated.
| 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
Looking at the Profit Margin, with a value of 7.30%, TSLA belongs to the top of the industry, outperforming 90.24% of the companies in the same industry.
In the last couple of years the Profit Margin of TSLA has declined.
TSLA's Operating Margin of 7.94% is amongst the best of the industry. TSLA outperforms 87.80% of its industry peers.
TSLA's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 17.86%, TSLA is doing good in the industry, outperforming 70.73% 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.
TSLA has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TSLA has been increased compared to 5 years ago.
TSLA has a worse debt/assets ratio than last year.
2.2 Solvency
TSLA has an Altman-Z score of 11.19. This indicates that TSLA is financially healthy and has little risk of bankruptcy at the moment.
TSLA has a Altman-Z score of 11.19. This is amongst the best in the industry. TSLA outperforms 100.00% of its industry peers.
The Debt to FCF ratio of TSLA is 2.29, which is a good value as it means it would take TSLA, 2.29 years of fcf income to pay off all of its debts.
TSLA has a better Debt to FCF ratio (2.29) than 97.56% of its industry peers.
TSLA has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
TSLA has a Debt to Equity ratio of 0.08. This is amongst the best in the industry. TSLA outperforms 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 2.29 | ||
| Altman-Z | 11.19 |
ROIC/WACC0.42
WACC15.84%
2.3 Liquidity
TSLA has a Current Ratio of 2.02. This indicates that TSLA is financially healthy and has no problem in meeting its short term obligations.
TSLA has a better Current ratio (2.02) than 73.17% of its industry peers.
A Quick Ratio of 1.61 indicates that TSLA should not have too much problems paying its short term obligations.
The Quick ratio of TSLA (1.61) is better than 78.05% 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%.
The Earnings Per Share has been growing by 103.90% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 0.95% in the past 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
Based on estimates for the next years, TSLA will show a very strong growth in Earnings Per Share. The EPS will grow by 32.09% on average per year.
TSLA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.72% yearly.
EPS Next Y13%
EPS Next 2Y23.7%
EPS Next 3Y22.48%
EPS Next 5Y32.09%
Revenue Next Year7.34%
Revenue Next 2Y13.16%
Revenue Next 3Y14.91%
Revenue Next 5Y19.72%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
With a Price/Earnings ratio of 99.81, TSLA can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of TSLA indicates a somewhat cheap valuation: TSLA is cheaper than 70.73% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.13, TSLA is valued quite expensively.
Based on the Price/Forward Earnings ratio of 88.33, the valuation of TSLA can be described as expensive.
TSLA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TSLA is cheaper than 70.73% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.03, TSLA is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 99.81 | ||
| Fwd PE | 88.33 |
4.2 Price Multiples
70.73% of the companies in the same industry are more expensive than TSLA, based on the Enterprise Value to EBITDA ratio.
85.37% 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 | 216.97 | ||
| EV/EBITDA | 55.47 |
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.
TSLA's earnings are expected to grow with 22.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)7.68
PEG (5Y)0.96
EPS Next 2Y23.7%
EPS Next 3Y22.48%
5. Dividend
5.1 Amount
TSLA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
241.55
-12.56 (-4.94%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners49.24%
Inst Owner Change0%
Ins Owners12.81%
Ins Owner Change9.51%
Market Cap776.95B
Analysts68.47
Price Target330.16 (36.68%)
Short Float %2.4%
Short Ratio0.76
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)-4.36%
PT rev (3m)16.24%
EPS NQ rev (1m)-12.07%
EPS NQ rev (3m)-38.61%
EPS NY rev (1m)-3.19%
EPS NY rev (3m)-18.56%
Revenue NQ rev (1m)-7.86%
Revenue NQ rev (3m)-17.51%
Revenue NY rev (1m)-4.43%
Revenue NY rev (3m)-7.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 99.81 | ||
| Fwd PE | 88.33 | ||
| P/S | 7.95 | ||
| P/FCF | 216.97 | ||
| P/OCF | 52.06 | ||
| P/B | 10.66 | ||
| P/tB | 10.88 | ||
| EV/EBITDA | 55.47 |
EPS(TTM)2.42
EY1%
EPS(NY)2.73
Fwd EY1.13%
FCF(TTM)1.11
FCFY0.46%
OCF(TTM)4.64
OCFY1.92%
SpS30.37
BVpS22.67
TBVpS22.21
PEG (NY)7.68
PEG (5Y)0.96
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 | 11.19 |
F-Score4
WACC15.84%
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 Y13%
EPS Next 2Y23.7%
EPS Next 3Y22.48%
EPS Next 5Y32.09%
Revenue 1Y (TTM)0.95%
Revenue growth 3Y21.98%
Revenue growth 5Y31.78%
Sales Q2Q%2.15%
Revenue Next Year7.34%
Revenue Next 2Y13.16%
Revenue Next 3Y14.91%
Revenue Next 5Y19.72%
EBIT growth 1Y-12.72%
EBIT growth 3Y6.11%
EBIT growth 5Y149.66%
EBIT Next Year105.86%
EBIT Next 3Y50.53%
EBIT Next 5Y46.32%
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%