Earnings Calendar (02Sep24) - is NIO the next ... ?
Earnings Calendar (02Sep24)
Q3/2024 starts and a few earnings are coming in the coming week.
There are some earnings of interest in the coming week namely, ASANA, NIO, Broadcom and SAIC.
Let us look at NIO in detail.
As per the chart above, the stock is on a downtrend.
Based on Investing’s analysis (technical and analyst sentiments), NIO has a “BUY” rating.
The P/E ratio is -2.81 and the return on assets is -22.2%.
The company has not been profitable and the stock price has fallen over 60% from a year ago.
Observations about NIO’s recent performance:
Revenue grew from $719 million in 2018 to $7.78 billion in 2023.
The 10-year median margin for gross profit is 2.7%. Given that it is a product-based company, the gross profit margin is worrisome.
The company has yet to break even from 2016 to 2023. Despite the increase in revenue, they suffered an operating loss of $3.17 billion in 2023.
Earnings per share continue to be in the negative region with 2023 hitting -$1.74
With the 10-year median margin of free cash flow (FCF) at -13.9%, the company has yet to produce results to demand interest or shortlisting (for me).
From ChatGPT:
Over the last three years, NIO has experienced mixed financial performance. In 2021, the company saw robust revenue growth driven by strong vehicle deliveries, but profitability was hampered by high R&D expenses. In 2022, NIO continued to grow, but supply chain disruptions and rising costs affected margins. In 2023, NIO faced significant headwinds, including declining revenue in the latter half due to intensified competition and economic challenges in China. The company has been focusing on new product launches and expanding services to stabilize its financials moving forward.
For the coming earnings, the forecast of EPS and Revenue are -2.21 and $17.49B respectively.
Given the current performance, I prefer to monitor the business, instead of investing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Christianaa·09-02TOPMonitoring is a wise choice given NIO's mixed financial performance and recent challenges.1Report
- KSR·09-02👍1Report