Lucid Group, Inc.(LCID) -Streamlining and restructuring to improve margins

Lucid Group, Inc.(LCID) (Q1FY23)

Introduction

Lucid Group, Inc. a technology and automotive company, engages in electric vehicle technologies business. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems

Highlights

In Q1FY23, LCID streamlined its workforce to better position the company for the future. The company took a $22.5mn restructuring charge which was at the lower end of the
range indicated in late March.

Sapphire in on track for start of production in mid-September. The Lucid Air Sapphire will feature three motors, carbon ceramic brakes, an aerodynamic package, new sports seats and crack tuned suspension for a sublime driver focused sporting experience. This may boost the demand in the upcoming quarters.

Stock performance

In the past 1 year, Lucid delivered returns of – 63% where the stock price decreased from $19.99 in Jul 08, 2022 to $7.39 in Jul 03, 2023.The stock had a 52 Week High of $21.78 and a 52 Week Low of $5.46.

The stock had a 200-Day Moving Average of $9.41 and a 50-Day Moving Average of $6.94. Over the past 3 months, LCID generated returns of -6% where the stock price decreased from $7.9 in Apr 04, 2023 to $7.39 in Jul 03, 2023.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages : 25

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