Rivian Automotive, Inc. (RIVN) – Cost improvements boosted by Enduro

Rivian Automotive, Inc. (RIVN) (Q1FY23)

Introduction

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. The company sells its products directly to customers in the consumer and commercial markets.

Highlights

In Q1FY23, RIVN took the EDV line down to implement its in-house Enduro drive units as well as LFP battery packs. RIVN’s Enduro production line is its first internally developed plant software platform designed to aid in the rapid bring up of equipment and robotics.

Stock market

In the past 1 year, Rivian Automotive delivered returns of – 22% where the stock price decreased from $31.8 in Jul 18, 2022 to $24.85 in Jul 11, 2023. The stock had a 52 Week High of $40.86 and a 52 Week Low of $11.68.

The stock had a 200-Day Moving Average of $20.7 and a 50-Day Moving Average of $15.16. Over the past 3 months, RIVN generated returns of 75% where the stock price increased from $14.19 in Apr 12, 2023 to $24.85 in Jul 11, 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: 27

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