NIKOLA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.4959 USD | -2.97% |
|
-3.13% | -43.31% |
| May. 21 | Nikola Says AiLO Logistics Orders 100 Hydrogen Fuel Cell Electric Trucks | MT |
| May. 21 | Nikola and AiLO Logistics Announce Order for 100 Hydrogen Fuel Cell Electric Trucks | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,861 | 3,991 | 1,108 | 1,013 | 672.7 | - | - |
| Enterprise Value (EV) 1 | 5,038 | 3,519 | 1,229 | 826.2 | 697.3 | 1,243 | 1,596 |
| P/E ratio | -12.8 x | -5.71 x | -1.21 x | -0.72 x | -1.25 x | -1.63 x | -2.81 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 61,697 x | - | 21.8 x | 28.3 x | 5.53 x | 1.59 x | 0.6 x |
| EV / Revenue | 53,035 x | - | 24.2 x | 23.1 x | 5.74 x | 2.93 x | 1.42 x |
| EV / EBITDA | -25.1 x | -11.6 x | -2.73 x | -1.59 x | -1.83 x | -4.48 x | -9.26 x |
| EV / FCF | -29.1 x | -7.23 x | -1.64 x | -1.34 x | -1.49 x | -3.67 x | -6.45 x |
| FCF Yield | -3.43% | -13.8% | -60.8% | -74.6% | -67.1% | -27.2% | -15.5% |
| Price to Book | 6.04 x | 5.88 x | 2.1 x | 1.62 x | 1.54 x | 15 x | -6.56 x |
| Nbr of stocks (in thousands) | 384,088 | 404,378 | 512,785 | 1,157,633 | 1,356,551 | - | - |
| Reference price 2 | 15.26 | 9.870 | 2.160 | 0.8748 | 0.4959 | 0.4959 | 0.4959 |
| Announcement Date | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 0.095 | - | 50.82 | 35.84 | 121.5 | 424.1 | 1,122 |
| EBITDA 1 | -200.5 | -302.7 | -450.2 | -519.3 | -380.1 | -277.6 | -172.3 |
| EBIT 1 | -205.6 | -693.5 | -748.7 | -649.8 | -485.9 | -362.3 | -226.5 |
| Operating Margin | -216,469.47% | - | -1,473.05% | -1,813.19% | -399.75% | -85.42% | -20.19% |
| Earnings before Tax (EBT) 1 | -384.7 | -686.9 | -763.6 | -848.2 | -507.4 | -411.1 | -283.2 |
| Net income 1 | -397.7 | -690.4 | -784.2 | -966.3 | -498.3 | -405.3 | -289.4 |
| Net margin | -418,653.68% | - | -1,543.02% | -2,696.17% | -409.98% | -95.56% | -25.79% |
| EPS 2 | -1.190 | -1.730 | -1.780 | -1.210 | -0.3980 | -0.3050 | -0.1767 |
| Free Cash Flow 1 | -172.9 | -486.4 | -747.4 | -616.7 | -468 | -338.5 | -247.6 |
| FCF margin | -181,954.74% | - | -1,470.6% | -1,720.73% | -385.02% | -79.82% | -22.07% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1.887 | 18.13 | 24.24 | 6.563 | 11.12 | 15.36 | -1.732 | 11.53 | 7.497 | 21.34 | 35.98 | 55.74 | 88.97 | 100.3 |
| EBITDA 1 | -90.38 | -79.15 | -94.34 | -105.9 | -166.8 | -126.7 | -125.1 | -188.6 | -102 | -104 | -102.6 | -94.36 | -83.54 | -62.6 | -62.03 |
| EBIT 1 | -162.7 | -151.3 | -172.2 | -229.7 | -195.4 | -151 | -168.6 | -226.2 | -127.8 | -145.4 | -120.1 | -117.2 | -108.6 | -84.6 | -84.6 |
| Operating Margin | - | -8,018.49% | -949.77% | -947.64% | -2,977.62% | -1,358.68% | -1,097.68% | 13,058.14% | -1,108.53% | -1,938.95% | -562.76% | -325.85% | -194.79% | -95.09% | -84.32% |
| Earnings before Tax (EBT) 1 | -158.9 | -150.1 | -171.7 | -234.2 | -207.5 | -160.7 | -132.4 | -425.5 | -153.5 | -147.6 | -123.6 | -121 | -113.6 | -91.25 | -91.25 |
| Net income 1 | -159.4 | -152.9 | -173 | -236.2 | -222.1 | -169.1 | -217.8 | -425.8 | -153.6 | -147.7 | -123.5 | -114.3 | -105 | -91.35 | -91.3 |
| Net margin | - | -8,104.98% | -953.99% | -974.52% | -3,383.61% | -1,521.04% | -1,417.97% | 24,582.22% | -1,331.91% | -1,970.41% | -578.63% | -317.59% | -188.33% | -102.68% | -90.99% |
| EPS 2 | -0.3900 | -0.3700 | -0.4100 | -0.5400 | -0.4600 | -0.3100 | -0.3100 | -0.5000 | -0.1400 | -0.1100 | -0.1050 | -0.1050 | -0.0925 | -0.0950 | -0.1000 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/23/23 | 5/9/23 | 8/4/23 | 11/2/23 | 2/22/24 | 5/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 121 | - | 24.6 | 570 | 923 |
| Net Cash position 1 | 823 | 472 | - | 186 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | -0.2695 x | - | -0.0647 x | -2.054 x | -5.359 x |
| Free Cash Flow 1 | -173 | -486 | -747 | -617 | -468 | -339 | -248 |
| ROE (net income / shareholders' equity) | -65% | -82.5% | -80.5% | -101% | -85.3% | -166% | - |
| ROA (Net income/ Total Assets) | -59.9% | -67.6% | -44.1% | -50.3% | -42.7% | -34% | -13.1% |
| Assets 1 | 664 | 1,022 | 1,777 | 1,922 | 1,166 | 1,191 | 2,203 |
| Book Value Per Share 2 | 2.530 | 1.680 | 1.030 | 0.5400 | 0.3200 | 0.0300 | -0.0800 |
| Cash Flow per Share 2 | -0.4500 | -0.7700 | -1.310 | -0.6200 | -0.2900 | -0.2100 | -0.1000 |
| Capex 1 | 22.3 | 179 | 171 | 121 | 62 | 70.5 | 78.6 |
| Capex / Sales | 23,498.95% | - | 335.91% | 336.27% | 51.02% | 16.62% | 7.01% |
| Announcement Date | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.4959
USD
Average target price
1.417
USD
Spread / Average Target
+185.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -43.31% | 673M | |
| -28.57% | 566B | |
| -46.35% | 21.31B | |
| -50.90% | 11.47B | |
| -48.03% | 10.19B | |
| -46.75% | 9.99B | |
| -44.14% | 7.69B | |
| -35.15% | 6.3B | |
| 0.00% | 5.88B | |
| 0.00% | 5.44B |
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- Financials Nikola Corporation
