Lucid Group, Inc. Stock Research

Market Summary

USD8.04+0.42

Delayed

5.51%

LCID Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)
Losses in recent quarter

LCID Stock Price

LCID RSI Chart

LCID Valuation

Market Cap

14.7B

Price/Earnings (Trailing)

-11.31

Price/Sales (Trailing)

24.18

EV/EBITDA

-10.19

Price/Free Cashflow

-4.46

LCID Price/Sales (Trailing)

LCID Profitability

Operating Margin

-170.66%

EBT Margin

-214.42%

Return on Equity

-29.89%

Return on Assets

-16.5%

Free Cashflow Yield

-22.44%

LCID Fundamentals

LCID Revenue

Revenue (TTM)

608.2M

Revenue Y/Y

876.48%

Revenue Q/Q

31.85%

LCID Earnings

Earnings (TTM)

-1.3B

Earnings Y/Y

55.23%

Earnings Q/Q

11.68%

Price Action

52 Week Range

6.0926.16

(Low)(High)

Last 7 days

-1.8%

Last 30 days

-6.7%

Last 90 days

17.7%

Trailing 12 Months

-68.3%

LCID Financial Health

Current Ratio

5.24

LCID Investor Care

Shares Dilution (1Y)

11.03%

Diluted EPS (TTM)

-1.51

Financials for Lucid Group

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	61.4%	608,181,000	376,860,000	260,277,000	143,694,000	27,111,000
S&GA Expenses	-3.4%	734,574,000	760,704,000	835,522,000	743,982,000	652,475,000
R&D Expenses	7.6%	821,512,000	763,824,000	792,471,000	768,892,000	750,185,000
EBITDA	31.3%	-1,273,485,000	-1,853,164,000	-1,855,130,000	-1,868,359,666	-
EBITDA Margin	57.4%	-2.09	-4.92	-7.13	-68.92	-
Earnings Before Taxes	30.5%	-1,304,081,000	-1,876,934,000	-1,871,363,000	-1,912,727,000	-2,579,712,000
EBT Margin	56.9%	-2.14	-4.98	-7.19	-70.55	-
Interest Expenses	28.7%	30,596,000	23,770,000	16,233,000	9,074,000	1,374,000
Net Income	30.8%	-1,300,000,000	-1,877,492,000	-1,871,794,000	-1,913,095,000	-2,579,761,000
Net Income Margin	57.1%	-2.14	-4.98	-7.19	-70.57	-
Free Cahsflow	-21.6%	-3,301,110,000	-2,714,417,000	-1,983,726,000	-1,747,122,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	14.4%	7,879	6,888	7,129	7,402	7,882
Current Assets	18.2%	4,912	4,156	4,966	5,864	6,507
Cash Equivalents	37.3%	1,736	1,264	3,157	5,392	6,263
Inventory	21.8%	834	685	553	334	127
Liabilities	-3.5%	3,530	3,657	3,419	3,572	3,972
Current Liabilities	13.6%	938	825	654	512	396
. Short Term Borrowings	449.6%	14.00	2.00	4.00	15.00	-
LT Debt, Non Current	0.1%	1,992	1,991	1,989	1,988	1,987
Shareholder's Equity	34.6%	4,350	3,231	3,710	3,829	3,909
Retained Earnings	-6.9%	-7,370	-6,897	-6,400	-6,147	-6,065
Additional Paid-In Capital	15.6%	11,752	10,163	10,099	9,997	9,996
Shares Outstanding	8.9%	1,829	1,680	1,673	1,667	1,648

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-17.8%	-2,226	-1,890	-1,612	-1,334	-1,058
Share Based Compensation	-15.8%	424	503	656	587	517
Cashflow From Investing	-8.0%	-3,681	-3,410	-2,128	-511	-420
Cashflow From Financing	-22.3%	1,347	1,734	6,341	6,438	7,136
Buy Backs	-100.0%	0.00	21.00	-	-	-

Risks for LCID

What is the probability of a big loss on LCID?

82.7%

Probability that Lucid Group stock will be more than 20% underwater in next one year

82.7%

Probability that Lucid Group stock will be more than 30% underwater in next one year.

82.7%

Probability that Lucid Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LCID drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lucid Group was unfortunately bought at previous high price.

Drawdowns

Returns for LCID

Cumulative Returns on LCID

Which funds bought or sold LCID recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-2.5	-231,305	210,692	-%
2023-03-17	American Portfolios Advisors	added	1.57	-89,796	429,019	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	52.92	-103,261	301,739	0.01%
2023-03-13	Claro Advisors LLC	reduced	-6.67	-128,968	76,032	0.03%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-5.34	-6,006,280	5,174,720	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-37.2	-695,000	308,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	-8,350	7,650	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	1,366	1,366	-%
2023-02-28	Voya Investment Management LLC	added	-	-1,507,110	1,441,890	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-28.11	-758,561	411,439	-%

Latest Funds Activity

Are funds buying LCID calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LCID

No. of Funds

Lucid Group News

Schedule 13G FIlings of Lucid Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 28, 2022	ayar third investment co	60.66%	1,109,006,595	SC 13D/A
Nov 15, 2022	ayar third investment co	60.4%	1,015,252,523	SC 13D/A
Feb 14, 2022	aristeia capital llc	0%	0	SC 13G/A
Feb 14, 2022	glazer capital, llc	0.0%	0	SC 13G/A
Feb 11, 2022	churchill sponsor iv llc	5.7%	96,100,000	SC 13G/A

LCID Fair Value

Lucid Group fair value in different scenarios

The table shows the Fair Value estimates for Lucid Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.60 -92.54%	0.67 -91.67%	0.92 -88.56%	1.35 -83.21%	2.20 -72.64%
Current Inflation	0.59 -92.66%	0.65 -91.92%	0.88 -89.05%	1.25 -84.45%	1.98 -75.37%
Very High Inflation	0.59 -92.66%	0.64 -92.04%	0.83 -89.68%	1.13 -85.95%	1.72 -78.61%

Historical Lucid Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Lucid Group

View All Filings

Date Filed	Form Type	Document
Mar 28, 2023	8-K	Current Report
Mar 13, 2023	DEF 14A	DEF 14A
Mar 13, 2023	DEFA14A	DEFA14A
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 03, 2023	PRE 14A	PRE 14A
Mar 03, 2023	8-K	Current Report

Latest Insider Trading transactions for LCID

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-05	House Sherry Ann	sold (taxes)	-276,711	8.94	-30,952	chief financial officer
2023-03-05	Dhingra Gagan	sold (taxes)	-50,359	8.94	-5,633	vp of acctng & internal ctrl
2023-03-05	Rawlinson Peter Dore	sold (taxes)	-4,175,360	8.94	-467,042	ceo & chief technology officer
2023-03-05	Bach Eric	sold (taxes)	-298,256	8.94	-33,362	svp, product & chief engineer
2023-03-05	Bell Michael	sold (taxes)	-477,298	8.94	-53,389	senior vice president, digital
2022-12-29	Rawlinson Peter Dore	acquired	321,741	0.37	869,570	ceo & chief technology officer
2022-12-22	PUBLIC INVESTMENT FUND	bought	915,000,000	10.6752	85,712,700	-
2022-12-07	Bell Michael	sold	-107,716	8.5666	-12,574	senior vice president, digital
2022-12-05	House Sherry Ann	sold (taxes)	-310,560	10.15	-30,597	chief financial officer
2022-12-05	Bach Eric	sold (taxes)	-334,889	10.15	-32,994	svp, product & chief engineer

About Lucid Group

Peter Rawlinson

www.lucidmotors.com/

3900

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

LCID Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue	$ 608,181	$ 27,111	$ 3,976
Costs and expenses
Cost of revenue	1,646,086	154,897	3,070
Research and development	821,512	750,185	511,110
Selling, general and administrative	734,574	652,475	89,023
Total cost and expenses	3,202,172	1,557,557	603,203
Loss from operations	(2,593,991)	(1,530,446)	(599,227)
Other income (expense), net
Change in fair value of forward contracts	0	(454,546)	(118,382)
Transaction costs expensed	0	(2,717)	0
Interest income	56,756	0	0
Interest expense	(30,596)	(1,374)	(64)
Other income (expense), net	9,532	(893)	(690)
Total other income (expense), net	1,289,910	(1,049,266)	(120,341)
Loss before provision for (benefit from) income taxes	(1,304,081)	(2,579,712)	(719,568)
Provision for (benefit from) income taxes	379	49	(188)
Net loss	(1,304,460)	(2,579,761)	(719,380)
Deemed dividend related to the issuance of Series E convertible preferred stock	0	(2,167,332)	0
Net loss attributable to common stockholders, basic	(1,304,460)	(4,747,093)	(705,596)
Change in fair value of dilutive warrants	(1,254,218)	0	0
Net loss attributable to common stockholders, diluted	$ (2,558,678)	$ (4,747,093)	$ (705,596)
Weighted average shares outstanding used in computing net loss per share attributable to common stockholders, basic (in shares)	1,678,346,079	740,393,759	24,825,944
Weighted average shares outstanding used in computing net loss per share attributable to common stockholders, diluted (in shares)	1,693,258,608	740,393,759	24,825,944
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (0.78)	$ (6.41)	$ (28.42)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (1.51)	$ (6.41)	$ (28.42)
Other comprehensive loss
Net unrealized losses on investments, net of tax	$ (11,572)	$ 0	$ 0
Comprehensive loss	(1,316,032)	(2,579,761)	(719,380)
Deemed dividend related to the issuance of Series E convertible preferred stock	0	(2,167,332)	0
Comprehensive loss attributable to common stockholders	(1,316,032)	(4,747,093)	(705,596)
Series B
Other income (expense), net
Deemed contribution related to repurchase of convertible preferred stock	0	0	1,000
Other comprehensive loss
Deemed contribution related to repurchase of convertible preferred stock	0	0	1,000
Series C
Other income (expense), net
Deemed contribution related to repurchase of convertible preferred stock	0	0	12,784
Other comprehensive loss
Deemed contribution related to repurchase of convertible preferred stock	0	0	12,784
Change in fair value of convertible preferred stock warrant liability
Other income (expense), net
Change in fair value of stock warrants liability	0	(6,976)	(1,205)
Change in fair value of common stock warrant liability
Other income (expense), net
Change in fair value of stock warrants liability	$ 1,254,218	$ (582,760)	$ 0

LCID Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,735,765	$ 6,262,905
Short-term investments	2,177,231	0
Accounts receivable, net	19,542	3,148
Inventory	834,401	127,250
Prepaid expenses	63,548	70,346
Other current assets	81,541	43,328
Total current assets	4,912,028	6,506,977
Property, plant and equipment, net	2,166,776	1,182,153
Right-of-use assets	215,160	161,974
Long-term investments	529,974	0
Other noncurrent assets	55,300	30,609
TOTAL ASSETS	7,879,238	7,881,713
Current liabilities:
Accounts payable	229,084	41,342
Accrued compensation	63,322	32,364
Finance lease liabilities, current portion	10,586	4,183
Other current liabilities	634,567	318,212
Total current liabilities	937,559	396,101
Finance lease liabilities, net of current portion	81,336	6,083
Common stock warrant liability	140,590	1,394,808
Long-term debt	1,991,840	1,986,791
Other long-term liabilities	378,212	188,575
Total liabilities	3,529,537	3,972,358
Commitments and contingencies (Note 15)
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of December 31, 2022 and 2021; no shares issued and outstanding as of December 31, 2022 and 2021	0	0
Common stock, par value $0.0001; 15,000,000,000 shares authorized as of December 31, 2022 and 2021; 1,830,172,561 and 1,648,413,415 shares issued and 1,829,314,736 and 1,647,555,590 shares outstanding as of December 31, 2022 and 2021, respectively	183	165
Additional paid-in capital	11,752,138	9,995,778
Treasury stock, at cost, 857,825 shares at December 31, 2022 and 2021	(20,716)	(20,716)
Accumulated other comprehensive loss	(11,572)	0
Accumulated deficit	(7,370,332)	(6,065,872)
Total stockholders’ equity	4,349,701	3,909,355
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,879,238	$ 7,881,713