Rivian Automotive, Inc. (RIVN) – Innovation for a better future

Rivian Automotive, Inc. (RIVN) (Q2FY23)

Stock Performance: In the past 1 year, Rivian delivered returns of – 39% where the stock price decreased from $31.64 in Oct 18, 2022, to $19.3 in Oct 13, 2023. The stock had a 52 Week High of $36.45 and a 52 Week Low of $11.68.

The stock had a 200-day Moving Average of $18.21 and a 50-day Moving Average of $21.95. Over the past 3 months, RIVN generated returns of -20% where the stock price decreased from $23.99 in Jul 17, 2023 to $19.3 in Oct 13, 2023.

Quarter Performance : In Q2FY23, RIVN’s revenue grew by 208% to $1,121mn from $364mn in Q2FY22 and the COGS increased by 61% to $1,542mn from $955mn in the same period

Guidance: For FY23, RIVN expects to produce 52,000 units, an adj. EBITDA of -$4.2bn and a capital expenditure of $1.7bn

Highlights

In Q2FY23, RIVN produced 13,992 vehicles, which was a 50% increase compared to Q1FY23. Importantly, approximately 70% of the R1 units produced during Q2FY23 were R1S vehicles. This shows that for the first time R1S quarterly production was higher than R1T production.

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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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