NikolaCorp Financials

NKLA Stock  USD 0.70  0.02  2.78%   
Based on the analysis of NikolaCorp's profitability, liquidity, and operating efficiency, NikolaCorp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. At present, NikolaCorp's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 52 M, whereas Total Assets are forecasted to decline to about 926.4 M. Key indicators impacting NikolaCorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.180.3528
Way Down
Slightly volatile
Current Ratio2.092.1989
Notably Down
Pretty Stable
The financial analysis of NikolaCorp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for NikolaCorp includes many different criteria found on its balance sheet. For example, investors should never minimize NikolaCorp's 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 NikolaCorp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in NikolaCorp.

Net Income

(917.97 Million)

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

NikolaCorp Stock Summary

NikolaCorp competes with AGCO, CNH Industrial, Deere, Lindsay, and Ideanomics. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corp operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 900 people.
Specialization
Industrials, Farm & Heavy Construction Machinery
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS6541101050
CUSIP654110105 92243N103 92243N202
LocationArizona; U.S.A
Business Address4141 East Broadway
SectorMachinery
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.nikolamotor.com
Phone480 581 8888
CurrencyUSD - US Dollar
You should never invest in NikolaCorp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NikolaCorp Stock, because this is throwing your money away. Analyzing the key information contained in NikolaCorp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

NikolaCorp Key Financial Ratios

Generally speaking, NikolaCorp's financial ratios allow both analysts and investors to convert raw data from NikolaCorp's financial statements into concise, actionable information that can be used to evaluate the performance of NikolaCorp 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 NikolaCorp reports annually and quarterly.

NikolaCorp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets229.4M1.1B989.8M1.2B1.3B926.4M
Other Current Liab10.8M18.8M85.2M173.4M196.5M206.3M
Other Liab13.3M8K88.3M6.7M7.7M7.4M
Net Tangible Assets127.8M932.2M591.2M526.5M605.5M454.9M
Net Debt(80.9M)(822.9M)(469.8M)149.6M(181.1M)(190.1M)
Retained Earnings(188.5M)(573.6M)(1.3B)(2.0B)(3.1B)(2.9B)
Accounts Payable5.1M29.4M87.0M117.9M44.1M52.0M
Cash85.7M840.9M497.2M233.4M465.9M389.5M
Other Assets17.4M21.7M56.5M159.5M183.4M192.6M
Net Receivables658K0.02.7M31.9M27.2M28.6M
Capital Surpluse5.0M1.6B1.9B2.6B2.9B3.1B
Inventory1.9M0.011.6M123.2M62.6M37.1M
Other Current Assets2.7M5.4M15.9M37.8M16.2M16.1M
Total Liab33.9M66.2M296.2M710.2M587.5M310.8M
Total Current Assets90.9M896.9M524.7M436.9M571.9M462.5M
Common Stock27K39K41K51K133K139.7K

NikolaCorp 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 NikolaCorp's 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 Expense3.8M32.8M481K17.7M76.0M79.8M
Ebit(88.0M)(368.3M)(693.5M)(748.7M)(642.5M)(610.4M)
Income Tax Expense151K(1.0M)4K6K12K12.6K
Net Interest Income1.5M202K(481K)(17.7M)(78.2M)(74.3M)
Operating Income(88.0M)(368.3M)(693.5M)(748.7M)(642.5M)(674.6M)
Research Development67.5M185.6M293.0M273.8M208.2M199.2M
Ebitda(82.3M)(346.6M)(681.2M)(729.3M)(606.6M)(636.9M)
Income Before Tax(88.5M)(384.7M)(686.9M)(763.6M)(848.2M)(805.8M)
Net Income(88.7M)(383.7M)(686.9M)(763.6M)(966.3M)(918.0M)

NikolaCorp Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NikolaCorp's current stock value. Our valuation model uses many indicators to compare NikolaCorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NikolaCorp competition to find correlations between indicators driving NikolaCorp's intrinsic value. More Info.
NikolaCorp is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies . At present, NikolaCorp's Return On Equity is projected to slightly decrease based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value NikolaCorp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NikolaCorp's 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 NikolaCorp's earnings, one of the primary drivers of an investment's value.

NikolaCorp Systematic Risk

NikolaCorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NikolaCorp 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on NikolaCorp correlated with the market. If Beta is less than 0 NikolaCorp generally moves in the opposite direction as compared to the market. If NikolaCorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NikolaCorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NikolaCorp is generally in the same direction as the market. If Beta > 1 NikolaCorp moves generally in the same direction as, but more than the movement of the benchmark.

About NikolaCorp Financials

What exactly are NikolaCorp 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 NikolaCorp's income statement, its balance sheet, and the statement of cash flows. Potential NikolaCorp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although NikolaCorp investors may use each financial statement separately, they are all related. The changes in NikolaCorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NikolaCorp'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 NikolaCorp 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 NikolaCorp 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 NikolaCorp 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 NikolaCorp's financials are consistent with your investment objective using the following steps:
  • Review NikolaCorp's 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 NikolaCorp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare NikolaCorp's 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 NikolaCorp's 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.
Today, most investors in NikolaCorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NikolaCorp's 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 NikolaCorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0253

At present, NikolaCorp's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

NikolaCorp April 13, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NikolaCorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NikolaCorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of NikolaCorp based on widely used predictive technical indicators. In general, we focus on analyzing NikolaCorp Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NikolaCorp's daily price indicators and compare them against related drivers.
When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp's 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 Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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Is NikolaCorp's 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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.21)
Revenue Per Share
0.045
Quarterly Revenue Growth
0.757
Return On Assets
(0.31)
Return On Equity
(1.39)
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp's 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 NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp's 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 NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp's 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.