TuSimple Holdings Inc. Stock Research

Market Summary

USD1.63+0.07

Market Closed

4.49%

TSP Stock Price

TSP RSI Chart

TSP Valuation

Market Cap

490.1M

Price/Earnings (Trailing)

-1.09

Price/Sales (Trailing)

56.38

EV/EBITDA

1.51

Price/Free Cashflow

-1.47

TSP Price/Sales (Trailing)

TSP Profitability

Operating Margin

-95.53%

EBT Margin

-5193.63%

Return on Equity

-38.88%

Return on Assets

-35.87%

Free Cashflow Yield

-67.89%

TSP Fundamentals

TSP Revenue

Revenue (TTM)

8.7M

Revenue Y/Y

75.03%

Revenue Q/Q

14.58%

TSP Earnings

Earnings (TTM)

-451.5M

Earnings Y/Y

6.81%

Earnings Q/Q

2.96%

Price Action

52 Week Range

1.2313.99

(Low)(High)

Last 7 days

-17.9%

Last 30 days

-28.1%

Last 90 days

-2.5%

Trailing 12 Months

-83.6%

TSP Financial Health

Current Ratio

24.67

TSP Investor Care

Shares Dilution (1Y)

22.70%

Diluted EPS (TTM)

-1.81

Financials for TuSimple Holdings

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	14.7%	8,693,000	7,581,000	6,261,000	4,948,000	3,747,000
Gross Profit	-50.3%	-9,996,000	-6,650,000	-6,108,000	-5,604,000	-
Operating Expenses	-5.1%	435,818,000	459,460,000	353,386,000	-	-
S&GA Expenses	-11.2%	170,589,000	192,038,000	118,076,000	97,752,000	97,301,000
R&D Expenses	3.0%	330,576,000	320,948,000	287,167,000	233,630,000	209,165,000
EBITDA	1.9%	-440,025,000	-448,527,000	-722,437,000	-642,078,000	-616,563,000
EBITDA Margin	14.4%	-50.62	-59.16	-115	-129	-164
Earnings Before Taxes	1.7%	-451,482,000	-459,416,000	-732,673,000	-651,752,000	-625,714,000
EBT Margin	14.3%	-51.94	-60.60	-117	-131	-166
Interest Expenses	8.5%	946,000	872,000	786,000	902,000	879,000
Net Income	1.7%	-451,482,000	-459,416,000	-732,673,000	-651,752,000	-625,714,000
Net Income Margin	14.3%	-51.94	-60.60	-117	-131	-166
Free Cahsflow	-1.9%	-332,711,000	-326,397,000	-272,354,000	-239,069,000	-179,268,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Assets	-5.7%	1,259	1,335	1,396	1,465	1,538
Current Assets	-5.9%	1,181	1,255	1,353	1,430	1,507
Cash Equivalents	-6.5%	1,156	1,237	1,338	1,412	1,490
Net PPE	2.2%	31.00	31.00	36.00	29.00	25.00
Liabilities	8.6%	98.00	90.00	69.00	55.00	45.00
Current Liabilities	13.5%	48.00	42.00	56.00	46.00	38.00
. Short Term Borrowings	3.9%	2.00	2.00	2.00	1.00	1.00
LT Debt, Non Current	-13.0%	4.00	5.00	6.00	-	-
Shareholder's Equity	-6.8%	1,161	1,245	1,327	1,410	1,493
Retained Earnings	-8.7%	-1,358	-1,249	-1,137	-1,022	-906
Additional Paid-In Capital	1.0%	2,520	2,494	2,465	2,433	2,400
Accumulated Depreciation	8.0%	26.00	24.00	24.00	22.00	20.00
Shares Outstanding	0.6%	224	223	213	182	-
Float	-	9,270	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	-2.3%	-320	-312	-259	-225	-170
Share Based Compensation	-19.0%	116	144	123	94.00	70.00
Cashflow From Investing	7.5%	-12.78	-13.82	-13.64	-13.92	-8.41
Cashflow From Financing	-100.0%	0.00	1,057	1,299	1,583	1,648

Risks for TSP

What is the probability of a big loss on TSP?

87.1%

Probability that TuSimple Holdings stock will be more than 20% underwater in next one year

86.1%

Probability that TuSimple Holdings stock will be more than 30% underwater in next one year.

85.2%

Probability that TuSimple Holdings 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 TSP drawdown profile look like?

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

Drawdowns

Returns for TSP

Cumulative Returns on TSP

Which funds bought or sold TSP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.04	-79,983	22,017	-%
2023-03-10	BAILLIE GIFFORD & CO	unchanged	-	-2,428	572	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-68.33	-96,000	7,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-325,433	89,567	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-	-4,000	-	-%
2023-02-16	AXXCESS WEALTH MANAGEMENT, LLC	sold off	-100	-118,000	-	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	unchanged	-	-877	123	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	24.83	-903,916	333,084	-%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	-51,783	14,217	-%
2023-02-15	JANE STREET GROUP, LLC	sold off	-100	-196,000	-	-%

Latest Funds Activity

Are funds buying TSP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own TSP

No. of Funds

TuSimple Holdings News

Schedule 13G FIlings of TuSimple Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.35%	12,816,129	SC 13G
Feb 03, 2023	blackrock inc.	5.8%	11,646,102	SC 13G
Nov 15, 2022	chen mo	5.6%	1.2e+07	SC 13D
Feb 14, 2022	hou xiaodi	12.6%	25,367,314	SC 13G
Feb 14, 2022	chen mo	6.0%	1.2e+07	SC 13G
Feb 14, 2022	sina corp	13.1%	24,676,708	SC 13G
Feb 09, 2022	ark investment management llc	5.22%	9,873,614	SC 13G

TSP Fair Value

Recent SEC filings of TuSimple Holdings

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Mar 15, 2023	3	Insider Trading
Mar 15, 2023	3	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	8-K	Current Report
Mar 13, 2023	8-K	Current Report
Mar 09, 2023	8-K	Current Report
Feb 09, 2023	SC 13G	Major Ownership Report
Feb 06, 2023	4	Insider Trading

Latest Insider Trading transactions for TSP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-01	Hou Xiaodi	acquired	-	-	25,000	-
2022-09-16	Mullen James	sold	-9,106	7.79	-1,169	see remarks
2022-09-15	Mullen James	acquired	-	-	2,500	see remarks
2022-09-06	Mullen James	sold	-23,189	7.2331	-3,206	see remarks
2022-09-02	Mullen James	sold	-24,207	6.8791	-3,519	see remarks
2022-09-02	Mullen James	acquired	-	-	7,812	see remarks
2022-09-01	Mullen James	acquired	-	-	7,813	see remarks
2022-06-17	Dillon Patrick	sold	-6,367	6.6608	-956	chief financial officer
2022-06-17	Mullen James	sold	-3,436	6.6608	-516	see remarks
2022-06-16	Dillon Patrick	acquired	-	-	1,875	chief financial officer

About TuSimple Holdings

Xiao D. Hou

N/A

1400

TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definition digital mapped routes, terminals, and TuSimple Connect, a cloud-based autonomous operations oversight system. The company was founded in 2015 and is headquartered in San Diego, California.

TSP Income Statement

2022-06-30

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 2,594	$ 1,482	$ 4,858	$ 2,426
Cost of revenue	5,767	2,982	9,856	5,228
Gross loss	(3,173)	(1,500)	(4,998)	(2,802)
Operating expenses:
Research and development	85,519	75,891	163,677	117,325
Selling, general and administrative	22,017	43,466	54,232	59,368
Total operating expenses	107,536	119,357	217,909	176,693
Loss from operations	(110,709)	(120,857)	(222,907)	(179,495)
Change in fair value of warrants liability	0	0	0	(326,900)
Gain on loan extinguishment	0	4,183	0	4,183
Other income, net	2,114	145	2,409	523
Loss before provision for income taxes	(108,595)	(116,529)	(220,498)	(501,689)
Provision for income taxes	0	0	0	0
Net loss	(108,595)	(116,529)	(220,498)	(501,689)
Accretion of redeemable convertible preferred stock	0	0	0	(4,135)
Net loss attributable to common stockholders	$ (108,595)	$ (116,529)	$ (220,498)	$ (505,824)
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (0.49)	$ (0.64)	$ (0.99)	$ (4.15)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (0.49)	$ (0.64)	$ (0.99)	$ (4.15)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	223,785,825	182,382,800	223,159,618	121,800,404
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	223,785,825	182,382,800	223,159,618	121,800,404

TSP Balance Sheet

2022-06-30

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,156,418	$ 1,337,586
Accounts receivable, net	2,700	1,599
Prepaid expenses and other current assets	22,110	13,995
Total current assets	1,181,228	1,353,180
Property and equipment, net	31,405	36,053
Operating lease right-of-use assets	41,641	0
Other assets	4,478	7,090
Total assets	1,258,752	1,396,323
Current liabilities:
Accounts payable	3,733	4,544
Amounts due to joint development partners	5,129	7,394
Accrued expenses and other current liabilities	34,529	41,698
Short-term debt	1,583	1,524
Capital lease liabilities, current	0	766
Operating lease liabilities, current	2,905	0
Total current liabilities	47,879	55,926
Capital lease liabilities, noncurrent	0	2,872
Operating lease liabilities, noncurrent	41,156	0
Long-term debt	4,495	5,543
Other liabilities	4,127	5,004
Total liabilities	97,657	69,345
Commitments and contingencies (Note 4)
Stockholders' equity:
Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of December 31, 2021 and June 30, 2022; zero shares issued and outstanding as of December 31, 2021 and June 30, 2022	0	0
Common stock, $0.0001 par value; 4,876,000,000 Class A shares authorized as of December 31, 2021 and June 30, 2022; 197,833,195 and — Class A shares issued and outstanding as of December 31, 2021 and June 30, 2022, respectively; 24,000,000 Class B shares authorized as of December 31, 2021 and June 30, 2022; 24,000,000 Class B shares issued and outstanding as of December 31, 2021 and June 30, 2022	22	22
Additional paid-in-capital	2,520,300	2,464,730
Accumulated other comprehensive income (loss)	(1,069)	77
Accumulated deficit	(1,358,158)	(1,137,851)
Total stockholders’ equity	1,161,095	1,326,978
Total liabilities and stockholders’ equity	$ 1,258,752	$ 1,396,323