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NIKOLA CORP (NKLA) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:NKLA - US6541103031 - Common Stock

0.183 USD
-0.07 (-28.74%)
Last: 2/25/2025, 8:00:01 PM
0.1859 USD
+0 (+1.58%)
After Hours: 2/25/2025, 8:00:01 PM
Fundamental Rating

2

Taking everything into account, NKLA scores 2 out of 10 in our fundamental rating. NKLA was compared to 132 industry peers in the Machinery industry. Both the profitability and financial health of NKLA have multiple concerns. NKLA is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • In the past year NKLA has reported negative net income.
  • In the past year NKLA has reported a negative cash flow from operations.
  • In the past 5 years NKLA reported 4 times negative net income.
  • NKLA had a negative operating cash flow in each of the past 5 years.
NKLA Yearly Net Income VS EBIT VS OCF VS FCFNKLA 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

  • NKLA has a worse Return On Assets (-61.27%) than 92.13% of its industry peers.
  • The Return On Equity of NKLA (-167.38%) is worse than 89.76% of its industry peers.
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
NKLA Yearly ROA, ROE, ROICNKLA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -50 -100

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for NKLA 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
NKLA Yearly Profit, Operating, Gross MarginsNKLA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 -100K -200K -300K -400K

More info and screens

1

2. Health

2.1 Basic Checks

  • NKLA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, NKLA has more shares outstanding
  • NKLA has a better debt/assets ratio than last year.
NKLA Yearly Shares OutstandingNKLA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
NKLA Yearly Total Debt VS Total AssetsNKLA 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 NKLA is in the distress zone and has some risk of bankruptcy.
  • NKLA has a Altman-Z score of -6.37. This is amonst the worse of the industry: NKLA underperforms 88.19% of its industry peers.
  • NKLA has a Debt/Equity ratio of 0.72. This is a neutral value indicating NKLA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.72, NKLA is not doing good in the industry: 70.87% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z -6.37
ROIC/WACCN/A
WACC2.73%
NKLA Yearly LT Debt VS Equity VS FCFNKLA 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

  • NKLA has a Current Ratio of 1.17. This is a normal value and indicates that NKLA is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.17, NKLA is doing worse than 87.40% of the companies in the same industry.
  • A Quick Ratio of 0.94 indicates that NKLA may have some problems paying its short term obligations.
  • NKLA has a worse Quick ratio (0.94) than 70.08% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.94
NKLA Yearly Current Assets VS Current LiabilitesNKLA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

More info and screens

7

3. Growth

3.1 Past

  • NKLA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.31%, which is quite impressive.
  • The Revenue has grown by 153.71% in the past year. This is a very strong growth!
  • NKLA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 622.57% yearly.
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

  • NKLA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.89% yearly.
  • The Revenue is expected to grow by 129.36% on average over the next years. This is a very strong growth
EPS Next Y59.84%
EPS Next 2Y31.61%
EPS Next 3Y21.07%
EPS Next 5Y14.89%
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.
NKLA Yearly Revenue VS EstimatesNKLA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B 5B
NKLA Yearly EPS VS EstimatesNKLA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -10 -20 -30

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

  • NKLA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year NKLA 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
NKLA Price Earnings VS Forward Price EarningsNKLA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

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

4.3 Compensation for Growth

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

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

NIKOLA CORP

NASDAQ:NKLA (2/25/2025, 8:00:01 PM)

After market: 0.1859 +0 (+1.58%)

0.183

-0.07 (-28.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-20
Earnings (Next)05-05
Inst Owners41.32%
Inst Owner Change0%
Ins Owners0.67%
Ins Owner Change0%
Market Cap15.46M
Revenue(TTM)75.53M
Net Income(TTM)-634.77M
Analysts43.33
Price Target4.08 (2129.51%)
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)-37.59%
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)-27.27%
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 0.2
P/FCF N/A
P/OCF N/A
P/B 0.04
P/tB 0.05
EV/EBITDA N/A
EPS(TTM)-11.42
EYN/A
EPS(NY)-6.99
Fwd EYN/A
FCF(TTM)-6.79
FCFYN/A
OCF(TTM)-6.12
OCFYN/A
SpS0.89
BVpS4.49
TBVpS3.87
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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
ROICexgc growth 3YN/A
ROICexgc 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
WACC2.73%
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 5Y14.89%
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 5Y25.05%
FCF growth 1Y21.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.78%
OCF growth 3YN/A
OCF growth 5YN/A

NIKOLA CORP / NKLA FAQ

What is the ChartMill fundamental rating of NIKOLA CORP (NKLA) stock?

ChartMill assigns a fundamental rating of 2 / 10 to NKLA.


What is the valuation status for NKLA stock?

ChartMill assigns a valuation rating of 1 / 10 to NIKOLA CORP (NKLA). This can be considered as Overvalued.


What is the profitability of NKLA stock?

NIKOLA CORP (NKLA) has a profitability rating of 0 / 10.


How financially healthy is NIKOLA CORP?

The financial health rating of NIKOLA CORP (NKLA) is 1 / 10.