FMP
May 14, 2022 1:09 AM - Davit Kirakosyan
Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose around 10% following the company’s reported Q1 results, with EPS of ($1.43) coming in slightly better than the consensus estimate of ($1.44). Revenue was $95 million, missing the consensus estimate of $130.5 million. 2,553 vehicles were produced and 1,227 vehicles were delivered during the quarter.
The company reiterated its 2022 cost and volume targets despite softer cadence at the start of Q2, signaling large production acceleration ahead and higher confidence in its ability to secure semiconductor supply for the rest of the year.
Most importantly, the company presented its modified strategy to optimize its product roadmap, associated operating expenses, and capex spending, to ensure a path to the R2 launch in Georgia with its $17 billion cash on hand, without the need for additional capital.
Analysts at Deutsche Bank expect capex spending of over $2 billion range per year from 2023 to 2025, down significantly from the previous $3-$3.5 billion range, which should leave enough cash to cover the company’s needs until positive free cash flow.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...