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 37 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. These ratings would make TSLA suitable 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.
TSLA had positive earnings in each of the past 5 years.
In the past 5 years TSLA always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 5.09%, TSLA belongs to the best of the industry, outperforming 91.89% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.53%, TSLA belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.91%, TSLA belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TSLA is significantly above the industry average of 6.62%.
The last Return On Invested Capital (5.91%) 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 | 5.09% | ||
| ROE | 8.53% | ||
| ROIC | 5.91% |
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 6.65%, TSLA belongs to the top of the industry, outperforming 91.89% of the companies in the same industry.
TSLA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.40%, TSLA belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
TSLA's Operating Margin has improved in the last couple of years.
The Gross Margin of TSLA (17.66%) is better than 70.27% of its industry peers.
In the last couple of years the Gross Margin of TSLA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.4% | ||
| PM (TTM) | 6.65% | ||
| GM | 17.66% |
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
TSLA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for TSLA has been increased compared to 1 year ago.
TSLA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TSLA has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 13.50 indicates that TSLA is not in any danger for bankruptcy at the moment.
TSLA has a Altman-Z score of 13.50. This is amongst the best in the industry. TSLA outperforms 100.00% of its industry peers.
The Debt to FCF ratio of TSLA is 1.11, which is an excellent value as it means it would take TSLA, only 1.11 years of fcf income to pay off all of its debts.
TSLA has a better Debt to FCF ratio (1.11) than 97.30% of its industry peers.
TSLA has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.07, TSLA belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 1.11 | ||
| Altman-Z | 13.5 |
ROIC/WACC0.37
WACC15.95%
2.3 Liquidity
A Current Ratio of 2.00 indicates that TSLA should not have too much problems paying its short term obligations.
TSLA has a better Current ratio (2.00) than 78.38% of its industry peers.
TSLA has a Quick Ratio of 1.54. This is a normal value and indicates that TSLA is financially healthy and should not expect problems in meeting its short term obligations.
TSLA's Quick ratio of 1.54 is fine compared to the rest of the industry. TSLA outperforms 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The earnings per share for TSLA have decreased strongly by -17.95% in the last year.
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.
The Revenue has been growing slightly by 1.03% in the past year.
TSLA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.78% yearly.
EPS 1Y (TTM)-17.95%
EPS 3Y2.31%
EPS 5Y103.9%
EPS Q2Q%-40%
Revenue 1Y (TTM)1.03%
Revenue growth 3Y21.98%
Revenue growth 5Y31.78%
Sales Q2Q%-9.23%
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 29.41% on average per year.
The Revenue is expected to grow by 17.69% on average over the next years. This is quite good.
EPS Next Y-17.72%
EPS Next 2Y9.21%
EPS Next 3Y16.11%
EPS Next 5Y29.41%
Revenue Next Year-2.89%
Revenue Next 2Y8.1%
Revenue Next 3Y11.54%
Revenue Next 5Y17.69%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 139.96, which means the current valuation is very expensive for TSLA.
TSLA's Price/Earnings ratio is a bit cheaper when compared to the industry. TSLA is cheaper than 70.27% of the companies in the same industry.
When comparing the Price/Earnings ratio of TSLA to the average of the S&P500 Index (27.30), we can say TSLA is valued expensively.
TSLA is valuated quite expensively with a Price/Forward Earnings ratio of 108.62.
64.86% of the companies in the same industry are more expensive than TSLA, based on the Price/Forward Earnings ratio.
TSLA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 139.96 | ||
| Fwd PE | 108.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TSLA is valued a bit cheaper than 70.27% of the companies in the same industry.
83.78% 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 | 148.94 | ||
| EV/EBITDA | 74.93 |
4.3 Compensation for Growth
The excellent profitability rating of TSLA may justify a higher PE ratio.
TSLA's earnings are expected to grow with 16.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1.35
EPS Next 2Y9.21%
EPS Next 3Y16.11%
5. Dividend
5.1 Amount
TSLA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
313.51
+3.64 (+1.17%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners50.09%
Inst Owner Change-0.01%
Ins Owners12.81%
Ins Owner Change16.54%
Market Cap1009.80B
Analysts67.33
Price Target295.08 (-5.88%)
Short Float %2.75%
Short Ratio0.67
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)0
Avg EPS beat(2)-19.23%
Min EPS beat(2)-32.34%
Max EPS beat(2)-6.13%
EPS beat(4)1
Avg EPS beat(4)-8.97%
Min EPS beat(4)-32.34%
Max EPS beat(4)20.83%
EPS beat(8)2
Avg EPS beat(8)-6.98%
EPS beat(12)5
Avg EPS beat(12)-2.34%
EPS beat(16)9
Avg EPS beat(16)4.75%
Revenue beat(2)0
Avg Revenue beat(2)-8.89%
Min Revenue beat(2)-10.21%
Max Revenue beat(2)-7.56%
Revenue beat(4)1
Avg Revenue beat(4)-4.89%
Min Revenue beat(4)-10.21%
Max Revenue beat(4)0.93%
Revenue beat(8)1
Avg Revenue beat(8)-4.17%
Revenue beat(12)1
Avg Revenue beat(12)-3.56%
Revenue beat(16)4
Avg Revenue beat(16)-1.97%
PT rev (1m)2.25%
PT rev (3m)-10.62%
EPS NQ rev (1m)-6.21%
EPS NQ rev (3m)-29.75%
EPS NY rev (1m)-1.44%
EPS NY rev (3m)-27.18%
Revenue NQ rev (1m)-3.74%
Revenue NQ rev (3m)-13.14%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-10.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 139.96 | ||
| Fwd PE | 108.62 | ||
| P/S | 10.55 | ||
| P/FCF | 148.94 | ||
| P/OCF | 59.98 | ||
| P/B | 13.53 | ||
| P/tB | 13.77 | ||
| EV/EBITDA | 74.93 |
EPS(TTM)2.24
EY0.71%
EPS(NY)2.89
Fwd EY0.92%
FCF(TTM)2.1
FCFY0.67%
OCF(TTM)5.23
OCFY1.67%
SpS29.72
BVpS23.18
TBVpS22.76
PEG (NY)N/A
PEG (5Y)1.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.09% | ||
| ROE | 8.53% | ||
| ROCE | 7.43% | ||
| ROIC | 5.91% | ||
| ROICexc | 9.66% | ||
| ROICexgc | 9.88% | ||
| OM | 7.4% | ||
| PM (TTM) | 6.65% | ||
| GM | 17.66% | ||
| FCFM | 7.08% |
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 Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 1.11 | ||
| Debt/EBITDA | 0.42 | ||
| Cap/Depr | 180.59% | ||
| Cap/Sales | 10.51% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 133.09% | ||
| Profit Quality | 106.47% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 13.5 |
F-Score4
WACC15.95%
ROIC/WACC0.37
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)-17.95%
EPS 3Y2.31%
EPS 5Y103.9%
EPS Q2Q%-40%
EPS Next Y-17.72%
EPS Next 2Y9.21%
EPS Next 3Y16.11%
EPS Next 5Y29.41%
Revenue 1Y (TTM)1.03%
Revenue growth 3Y21.98%
Revenue growth 5Y31.78%
Sales Q2Q%-9.23%
Revenue Next Year-2.89%
Revenue Next 2Y8.1%
Revenue Next 3Y11.54%
Revenue Next 5Y17.69%
EBIT growth 1Y-4.27%
EBIT growth 3Y6.11%
EBIT growth 5Y149.66%
EBIT Next Year70.37%
EBIT Next 3Y43.07%
EBIT Next 5Y46.51%
FCF growth 1Y17.34%
FCF growth 3Y0.93%
FCF growth 5Y29.91%
OCF growth 1Y27.15%
OCF growth 3Y9.08%
OCF growth 5Y44.06%