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NIKOLA CORP (1NKLA.MI) Stock Fundamental Analysis

BIT:1NKLA - Euronext Milan - US6541103031 - Common Stock - Currency: EUR

0.16  -0.04 (-21.95%)

Fundamental Rating

2

1NKLA gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 107 industry peers in the Machinery industry. Both the profitability and financial health of 1NKLA have multiple concerns. 1NKLA is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year 1NKLA has reported negative net income.
In the past year 1NKLA has reported a negative cash flow from operations.
In the past 5 years 1NKLA reported 4 times negative net income.
1NKLA had a negative operating cash flow in each of the past 5 years.
1NKLA.MI Yearly Net Income VS EBIT VS OCF VS FCF1NKLA.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 -200M -400M -600M -800M

1.2 Ratios

1NKLA's Return On Assets of -61.27% is on the low side compared to the rest of the industry. 1NKLA is outperformed by 92.31% of its industry peers.
Looking at the Return On Equity, with a value of -167.38%, 1NKLA is doing worse than 90.38% of the companies in the same industry.
Industry RankSector Rank
ROA -61.27%
ROE -167.38%
ROIC N/A
ROA(3y)-69.66%
ROA(5y)-48.86%
ROE(3y)-127.62%
ROE(5y)-84.19%
ROIC(3y)N/A
ROIC(5y)N/A
1NKLA.MI Yearly ROA, ROE, ROIC1NKLA.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -50 -100

1.3 Margins

1NKLA does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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
1NKLA.MI Yearly Profit, Operating, Gross Margins1NKLA.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 -100K -200K -300K -400K

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2. Health

2.1 Basic Checks

1NKLA does not have a ROIC to compare to the WACC, probably because it is not profitable.
1NKLA has more shares outstanding than it did 1 year ago.
The number of shares outstanding for 1NKLA has been increased compared to 5 years ago.
1NKLA has a better debt/assets ratio than last year.
1NKLA.MI Yearly Shares Outstanding1NKLA.MI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
1NKLA.MI Yearly Total Debt VS Total Assets1NKLA.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of -6.37, we must say that 1NKLA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -6.37, 1NKLA is doing worse than 80.77% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that 1NKLA is somewhat dependend on debt financing.
1NKLA's Debt to Equity ratio of 0.72 is on the low side compared to the rest of the industry. 1NKLA is outperformed by 62.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z -6.37
ROIC/WACCN/A
WACC2.6%
1NKLA.MI Yearly LT Debt VS Equity VS FCF1NKLA.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 500M -500M

2.3 Liquidity

1NKLA has a Current Ratio of 1.17. This is a normal value and indicates that 1NKLA is financially healthy and should not expect problems in meeting its short term obligations.
1NKLA has a worse Current ratio (1.17) than 74.04% of its industry peers.
A Quick Ratio of 0.94 indicates that 1NKLA may have some problems paying its short term obligations.
1NKLA has a Quick ratio (0.94) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.94
1NKLA.MI Yearly Current Assets VS Current Liabilites1NKLA.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 66.31% over the past year.
1NKLA shows a strong growth in Revenue. In the last year, the Revenue has grown by 153.71%.
The Revenue has been growing by 622.57% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)66.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%69.44%
Revenue 1Y (TTM)153.71%
Revenue growth 3Y622.57%
Revenue growth 5YN/A
Sales Q2Q%1553.87%

3.2 Future

1NKLA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.07% yearly.
Based on estimates for the next years, 1NKLA will show a very strong growth in Revenue. The Revenue will grow by 129.36% on average per year.
EPS Next Y59.84%
EPS Next 2Y31.61%
EPS Next 3Y21.07%
EPS Next 5YN/A
Revenue Next Year177.15%
Revenue Next 2Y202.57%
Revenue Next 3Y139.21%
Revenue Next 5Y129.36%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
1NKLA.MI Yearly Revenue VS Estimates1NKLA.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B 5B
1NKLA.MI Yearly EPS VS Estimates1NKLA.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 -10 -20 -30

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4. Valuation

4.1 Price/Earnings Ratio

1NKLA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year 1NKLA 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
1NKLA.MI Price Earnings VS Forward Price Earnings1NKLA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
1NKLA.MI Per share data1NKLA.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -5 -10

4.3 Compensation for Growth

1NKLA's earnings are expected to grow with 21.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y31.61%
EPS Next 3Y21.07%

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0

5. Dividend

5.1 Amount

1NKLA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NIKOLA CORP

BIT:1NKLA (2/25/2025, 7:00:00 PM)

0.16

-0.04 (-21.95%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners41.32%
Inst Owner ChangeN/A
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap13.52M
Analysts43.33
Price Target3.83 (2293.75%)
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)1
Avg EPS beat(2)-6.26%
Min EPS beat(2)-20.58%
Max EPS beat(2)8.05%
EPS beat(4)3
Avg EPS beat(4)3.35%
Min EPS beat(4)-20.58%
Max EPS beat(4)17.04%
EPS beat(8)6
Avg EPS beat(8)-8.62%
EPS beat(12)10
Avg EPS beat(12)2.34%
EPS beat(16)14
Avg EPS beat(16)10.04%
Revenue beat(2)1
Avg Revenue beat(2)-10.23%
Min Revenue beat(2)-33.69%
Max Revenue beat(2)13.22%
Revenue beat(4)1
Avg Revenue beat(4)-21.12%
Min Revenue beat(4)-53.46%
Max Revenue beat(4)13.22%
Revenue beat(8)1
Avg Revenue beat(8)-38.02%
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)0%
PT rev (3m)-28.33%
EPS NQ rev (1m)-30.46%
EPS NQ rev (3m)-10.59%
EPS NY rev (1m)0%
EPS NY rev (3m)9.31%
Revenue NQ rev (1m)9.46%
Revenue NQ rev (3m)5.84%
Revenue NY rev (1m)-3.9%
Revenue NY rev (3m)-3.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.19
P/FCF N/A
P/OCF N/A
P/B 0.04
P/tB 0.04
EV/EBITDA N/A
EPS(TTM)-10.52
EYN/A
EPS(NY)-6.44
Fwd EYN/A
FCF(TTM)-6.25
FCFYN/A
OCF(TTM)-5.64
OCFYN/A
SpS0.82
BVpS4.14
TBVpS3.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -61.27%
ROE -167.38%
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)-69.66%
ROA(5y)-48.86%
ROE(3y)-127.62%
ROE(5y)-84.19%
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-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 137.76%
Cap/Sales 73.94%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 0.94
Altman-Z -6.37
F-Score4
WACC2.6%
ROIC/WACCN/A
Cap/Depr(3y)1084.29%
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)66.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%69.44%
EPS Next Y59.84%
EPS Next 2Y31.61%
EPS Next 3Y21.07%
EPS Next 5YN/A
Revenue 1Y (TTM)153.71%
Revenue growth 3Y622.57%
Revenue growth 5YN/A
Sales Q2Q%1553.87%
Revenue Next Year177.15%
Revenue Next 2Y202.57%
Revenue Next 3Y139.21%
Revenue Next 5Y129.36%
EBIT growth 1Y17.41%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year26.66%
EBIT Next 3Y19.66%
EBIT Next 5Y18.9%
FCF growth 1Y21.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.78%
OCF growth 3YN/A
OCF growth 5YN/A