Based on the key indicators related to Canoo Holdings' liquidity, profitability, solvency, and operating efficiency, Canoo Holdings is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in December. At this time, Canoo Holdings' Capital Surpluse is fairly stable compared to the past year. Short Term Debt is likely to climb to about 57 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 105.9 M in 2024. Key indicators impacting Canoo Holdings' financial strength include:
The financial analysis of Canoo Holdings is a critical element in measuring its lifeblood. Investors should not minimize Canoo Holdings' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Net Income
(317.12 Million)
Canoo
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Understanding current and past Canoo Holdings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canoo Holdings' financial statements are interrelated, with each one affecting the others. For example, an increase in Canoo Holdings' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Canoo Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canoo Holdings. Check Canoo Holdings' Beneish M Score to see the likelihood of Canoo Holdings' management manipulating its earnings.
Canoo Holdings Stock Summary
Canoo Holdings competes with EVgo Equity, and Canoo. Canoo Holdings Ltd. designs and manufactures electric vehicles in California. The company founded in 2017 and is based in Torrance, California. Canoo Inc is traded on NASDAQ Exchange in the United States.
The reason investors look at the income statement is to determine what Canoo Holdings' 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.
Comparative valuation techniques use various fundamental indicators to help in determining Canoo Holdings's current stock value. Our valuation model uses many indicators to compare Canoo Holdings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canoo Holdings competition to find correlations between indicators driving Canoo Holdings's intrinsic value. More Info.
Canoo Holdings is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . At this time, Canoo Holdings' Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Canoo Holdings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Canoo Holdings Systematic Risk
Canoo Holdings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canoo Holdings 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 Canoo Holdings correlated with the market. If Beta is less than 0 Canoo Holdings generally moves in the opposite direction as compared to the market. If Canoo Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canoo Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canoo Holdings is generally in the same direction as the market. If Beta > 1 Canoo Holdings moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company 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 Canoo Holdings 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 Canoo 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 Canoo Holdings' financials are consistent with your investment objective using the following steps:
Review Canoo Holdings' 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 Canoo Holdings' liquidity and solvency.
Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
Compare Canoo Holdings' 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 Canoo Holdings' 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 Canoo Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canoo Holdings' 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 Canoo Holdings growth as a starting point in their analysis.
Canoo Holdings November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Canoo Holdings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canoo Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canoo Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Canoo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canoo Holdings's daily price indicators and compare them against related drivers.
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.