Canoo Stock Valuation

GOEV
 Stock
  

USD 2.11  0.08  3.94%   

What is the acquisition price tag of Canoo Inc? Calculating the true value of any business is not as easy as it may seem. While the market cap of a public entity, such as Canoo, is its stock price multiplied by the total number of shares outstanding, calculating Canoo's enterprise value requires a different approach. It uses Canoo's balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials.
Canoo Inc shows a prevailing Real Value of $4.65 per share. The current price of the firm is $2.11. Based on Macroaxis valuation methodology, the firm appears to be undervalued. Our model approximates the value of Canoo Inc from analyzing the firm fundamentals such as Return On Equity of (106.51) %, current valuation of 749.95 M, and Shares Owned by Insiders of 22.11 % as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor buying undervalued instruments and disposing overvalued instruments since, at some point, asset prices and their ongoing real values will blend.
  
Canoo Valuation Module provides a unique way to ballpark how much the company is worth today. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. We also take into consideration other essential factors such as Canoo's management style, its c-level domain expertise and tenure, its overall leadership history as well as current capital structure, and future earnings potential.
Undervalued
Today 2.11
Please note that Canoo's price fluctuation is very risky at this time. Calculation of the real value of Canoo Inc is based on 3 months time horizon. Increasing Canoo's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Canoo Inc is useful when determining the fair value of the Canoo stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Canoo. Since Canoo is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Canoo Stock. However, Canoo's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
4.65
Real Value
14.21
Upside
Estimating the potential upside or downside of Canoo Inc helps investors to forecast how Canoo stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Canoo more accurately as focusing exclusively on Canoo's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.822.693.57
Details
Hype
Prediction
LowEstimated ValueHigh
0.102.0411.60
Details
Naive
Forecast
LowNext ValueHigh
0.0483462.4211.98
Details
3 Analysts
Consensus
LowTarget PriceHigh
6.0011.6715.00
Details

Canoo Valuation Ratios as Compared to Competition

Comparative valuation techniques use various fundamental indicators to help in determining Canoo's current stock value. Our valuation model uses many indicators to compare Canoo value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canoo competition to find correlations between indicators driving Canoo's intrinsic value. More Info.
Canoo Inc is one of the top stocks in beta category among related companies. It is one of the top stocks in price to book category among related companies fabricating about  1.88  of Price to Book per Beta. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Canoo by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canoo'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 Canoo's earnings, one of the primary drivers of an investment's value.
Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates Canoo's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in Canoo and how it compares across the competition.

About Canoo Valuation

The stock valuation mechanism determines the current worth of Canoo Inc on a weekly basis. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of Canoo Inc. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Canoo Inc based exclusively on its fundamental and basic technical indicators. By analyzing Canoo's financials, quarterly and monthly indicators, and its related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Canoo's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canoo. We calculate exposure to Canoo's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Canoo's related companies.
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. Canoo operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 805 people.

Canoo Valuation Growth Rates

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines. Note, investing in growth stocks can be very risky. If the company such as Canoo does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
Quick Ratio0.82
Enterprise Value To Ebitda-1.55
Please check Risk vs Return Analysis. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Canoo Stock analysis

When running Canoo Inc price analysis, check to measure Canoo's 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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo'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 Canoo. If investors know Canoo 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 Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo'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 Canoo's market value can be influenced by many factors that don't directly affect Canoo'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 Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine Canoo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo'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.