Fundamental Analysis of LORDSTOWN MOTORS CORP-CL A(NASDAQ:RIDE) stock

Fundamental Rating

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.

Quickly go to:

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.

1.2 Ratios

The profitability ratios for RIDE are negative, so there is not much use analyzing them.

		Industry Rank	Sector 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

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for RIDE so they could not be analyzed.

		Industry Rank	Sector 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

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.

RIDE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

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.

Looking at the Altman-Z score, with a value of -7.19, RIDE is doing worse than 83.33% of the companies in the same industry.

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 Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	-7.19

ROIC/WACCN/A

WACC10.29%

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.

Looking at the Quick ratio, with a value of 3.16, RIDE belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	3.26
Quick Ratio	3.16

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

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 growth Q2Q-2215.22%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Revenue growth Q2QN/A

3.2 Future

RIDE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.83% yearly.

Based on estimates for the next years, RIDE will show a very strong growth in Revenue. The Revenue will grow by 258.30% on average per year.

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

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

RIDE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for RIDE. No positive earnings are expected for the next year.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as RIDE's earnings are expected to grow with 24.90% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y38.74%

EPS Next 3Y24.9%

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

RIDE does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

More info and screens

Find the best dividend stocks

Show peers with best dividend

LORDSTOWN MOTORS CORP-CL A

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

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap35.06M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	N/A
ROE	N/A
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0

Health

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	3.26
Quick Ratio	3.16
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

Growth

EPS 1Y (TTM)-1305.91%

EPS 3YN/A

EPS 5Y

EPS growth Q2Q

EPS Next Y91.8%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5Y

Revenue growth Q2Q

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

Scheduled Maintenance

LORDSTOWN MOTORS CORP-CL A (RIDE)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens