FMP
Jun 6, 2024 5:17 PM - Davit Kirakosyan
NIO (NYSE:NIO) experienced a nearly 6% intra-day decline in shares today following the release of its first-quarter results, which fell short of expectations.
The Chinese electric vehicle manufacturer reported a quarterly loss per share of RMB2.39, which was more significant than the anticipated loss of RMB2.20 per share. Additionally, the company's revenue for the quarter was RMB9.91 billion, missing the Street estimate of RMB10.43 billion.
NIO's vehicle deliveries for the first quarter totaled 30,053, marking a 3.2% decrease compared to the previous year and falling short of the expected 31,467 units.
Despite these setbacks, the company's gross margin improved significantly, rising to 4.9% from 1.5% year-over-year, and exceeding the projected 4.75%.
Looking ahead to the Q2/24, management anticipates vehicle deliveries to range between 54,000 and 56,000 units. This represents a substantial increase of approximately 129.6% to 138.1% compared to the same period in 2023 and surpasses the estimated 41,310 units.
Total revenues for the second quarter are expected to be between RMB16.587 billion and RMB17.135 billion, reflecting an increase of approximately 89.1% to 95.3% from the same quarter in 2023, and exceeding the Street projection of RMB14.38 billion.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...