Ideanomics Financials

IDEX Stock  USD 0.83  0.07  7.78%   
Based on the key indicators related to Ideanomics' liquidity, profitability, solvency, and operating efficiency, Ideanomics is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. At this time, Ideanomics' Non Current Liabilities Total is fairly stable compared to the past year. Other Stockholder Equity is likely to rise to about 1.2 B in 2024, despite the fact that Net Debt is likely to grow to (170.2 M). Key indicators impacting Ideanomics' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.470.27
Way Up
Slightly volatile
Current Ratio1.531.34
Fairly Up
Slightly volatile
The financial analysis of Ideanomics is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Ideanomics includes many different criteria found on its balance sheet. For example, investors should never minimize Ideanomics' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Ideanomics' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Ideanomics.

Net Income

(322.83 Million)

With this module, you can analyze Ideanomics financials for your investing period. You should be able to track the changes in Ideanomics individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Ideanomics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ideanomics' financial statements are interrelated, with each one affecting the others. For example, an increase in Ideanomics' assets may result in an increase in income on the income statement.
The data published in Ideanomics' official financial statements usually reflect Ideanomics' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ideanomics. For example, before you start analyzing numbers published by Ideanomics accountants, it's critical to develop an understanding of what Ideanomics' liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of Ideanomics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ideanomics' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ideanomics' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ideanomics. Please utilize our Beneish M Score to check the likelihood of Ideanomics' management manipulating its earnings.

Ideanomics Stock Summary

Ideanomics competes with Deere, Caterpillar, Lion Electric, Xos, and NikolaCorp. Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York. Ideanomics operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 559 people.
Specialization
Information Technology, Farm & Heavy Construction Machinery
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS45166V1061
CUSIP45166V106 81789Y102 98741R207 45166V205 94850Q106 98741R108 16938M104
LocationNew York; U.S.A
Business Address1441 Broadway, New
SectorSoftware
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.ideanomics.com
Phone212 206 1216
CurrencyUSD - US Dollar
You should never invest in Ideanomics without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ideanomics Stock, because this is throwing your money away. Analyzing the key information contained in Ideanomics' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Ideanomics Key Financial Ratios

Generally speaking, Ideanomics' financial ratios allow both analysts and investors to convert raw data from Ideanomics' financial statements into concise, actionable information that can be used to evaluate the performance of Ideanomics over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Ideanomics reports annually and quarterly.

Ideanomics Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets94.2M126.9M234.4M473.4M544.5M571.7M
Other Current Liab23.8M5.9M13.9M17.8M20.5M21.5M
Net Debt12.2M19.4M(158.0M)(199.0M)(179.1M)(170.2M)
Retained Earnings(150.0M)(248.5M)(346.9M)(605.8M)(545.2M)(517.9M)
Accounts Payable19.3M3.4M5.1M6.7M7.7M4.7M
Net Receivables2.4M7.6M3.3M62.0M71.3M74.8M
Total Liab49.8M66.9M40.1M106.8M122.8M129.0M
Total Current Assets45.1M7.5M179.8M362.5M416.9M437.7M
Short Term Debt4M9.1M998K61.2M70.4M73.9M
Common Stock102.8K149.7K345K497K571.6K600.1K
Cash3.1M2.6M165.8M269.9M310.3M325.9M
Inventory2.0M572.3K2.6M6.2M7.1M7.4M
Other Current Assets1.8M3.7M2.6M4.5M5.2M3.9M
Intangible Assets3.0M52.8M29.7M42.5M48.9M51.4M
Other Assets1.023.5K903K1.3M1.5M766.4K
Other Liab17.3M12.8M6.0M4.0M4.6M5.2M
Good Will704.9K23.3M1.2M16.2M18.6M19.5M
Net Tangible Assets(41.3M)155.7M304.3M41.6M47.8M55.1M
Capital Surpluse158.0M195.8M282.6M531.9M611.6M642.2M

Ideanomics Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Ideanomics' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense804.6K5.6M16.0M2.1M4.3M4.5M
Total Revenue377.7M44.6M26.8M114.1M93.6M48.6M
Operating Income(26.2M)9.8M(49.8M)(91.2M)(160.3M)(152.3M)
Ebit9.8M(49.8M)(89.8M)(91.2M)(82.1M)(78.0M)
Ebitda12.0M(40.2M)(248.7M)(82.3M)(74.1M)(70.4M)
Cost Of Revenue374.6M1.5M24.7M90.9M96.8M101.7M
Income Before Tax(28.5M)(96.4M)(106.0M)(257.0M)(357.1M)(339.2M)
Net Income(96.8M)(118.5M)(256.0M)(245.2M)(339.8M)(322.8M)
Income Tax Expense(40.2K)417.5K12.5M(11.8M)(10.6M)(10.1M)
Gross Profit3.2M43.1M2.1M23.2M(3.2M)(3.0M)
Non Recurring216.5K134.3K73.7M42.6M48.9M51.4M
Minority Interest852.2K13.9M714K21.4M22.7M23.8M
Tax Provision417.5K(3.3M)(11.8M)(7.7M)(11.2M)(10.7M)
Interest Income22.5M108K1.5M3.5M1.4M1.3M
Net Interest Income(5.6M)(16.0M)(637K)554K(2.9M)(3.1M)

Ideanomics Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Ideanomics. It measures of how well Ideanomics is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Ideanomics brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Ideanomics had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Ideanomics has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Free Cash Flow(27.2M)(15.6M)(41.7M)(82.0M)(65.8M)(62.5M)
Depreciation352.3K2.2M5.3M6.1M20.3M21.4M
Other Non Cash Items(35.2M)5.6M(8.7M)174.7M(63.3M)(60.2M)
Capital Expenditures7.1M1.8M191K2.8M6.5M0.0
Net Income(96.8M)(106.0M)(256.0M)(256.7M)(339.8M)(322.8M)
End Period Cash Flow3.1M2.6M165.8M269.9M6.7M6.3M
Change To Inventory216.5K14.4M(7.9M)(4.4M)2.1M2.0M
Change In Cash(4.5M)(473.4K)163.1M104.1M(19.0M)(18.0M)
Investments(623.2K)(3.5M)(115.0M)(94.7M)(6.7M)(7.1M)
Change Receivables(18.8M)7.6M(2.3M)(6.2M)(5.6M)(5.3M)
Net Borrowings12.3M9.5M215M(31.6M)(36.3M)(34.5M)
Change To Netincome103.0M62.7M184.0M123.7M142.3M149.4M

Ideanomics Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ideanomics's current stock value. Our valuation model uses many indicators to compare Ideanomics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ideanomics competition to find correlations between indicators driving Ideanomics's intrinsic value. More Info.
Ideanomics is currently regarded as number one stock in return on equity category among related companies. It is currently regarded as number one stock in return on asset category among related companies . At this time, Ideanomics' Return On Equity is fairly stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Ideanomics by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ideanomics' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ideanomics' earnings, one of the primary drivers of an investment's value.

Ideanomics Systematic Risk

Ideanomics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ideanomics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Ideanomics correlated with the market. If Beta is less than 0 Ideanomics generally moves in the opposite direction as compared to the market. If Ideanomics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ideanomics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ideanomics is generally in the same direction as the market. If Beta > 1 Ideanomics moves generally in the same direction as, but more than the movement of the benchmark.

About Ideanomics Financials

What exactly are Ideanomics Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Ideanomics' income statement, its balance sheet, and the statement of cash flows. Potential Ideanomics investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Ideanomics investors may use each financial statement separately, they are all related. The changes in Ideanomics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ideanomics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Ideanomics Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Ideanomics is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Ideanomics has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Ideanomics' financials are consistent with your investment objective using the following steps:
  • Review Ideanomics' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Ideanomics' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Ideanomics' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Ideanomics' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Ideanomics Thematic Clasifications

Ideanomics is part of Communication investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Communication industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
CommunicationView
This theme covers USA Equities from Communication industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Ideanomics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ideanomics' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ideanomics growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0692

At this time, Ideanomics' Price Earnings To Growth Ratio is fairly stable compared to the past year.

Ideanomics April 20, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ideanomics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ideanomics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ideanomics based on widely used predictive technical indicators. In general, we focus on analyzing Ideanomics Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ideanomics's daily price indicators and compare them against related drivers.
When determining whether Ideanomics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ideanomics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ideanomics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ideanomics Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ideanomics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.
Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Ideanomics' price analysis, check to measure Ideanomics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ideanomics is operating at the current time. Most of Ideanomics' value examination focuses on studying past and present price action to predict the probability of Ideanomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ideanomics' price. Additionally, you may evaluate how the addition of Ideanomics to your portfolios can decrease your overall portfolio volatility.
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Is Ideanomics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ideanomics. If investors know Ideanomics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ideanomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(55.95)
Revenue Per Share
11.571
Quarterly Revenue Growth
(0.92)
Return On Assets
(0.35)
Return On Equity
(2.34)
The market value of Ideanomics is measured differently than its book value, which is the value of Ideanomics that is recorded on the company's balance sheet. Investors also form their own opinion of Ideanomics' value that differs from its market value or its book value, called intrinsic value, which is Ideanomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ideanomics' market value can be influenced by many factors that don't directly affect Ideanomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ideanomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ideanomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ideanomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.