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Joby Aviation (JOBY)JOBY
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Upturn Advisory Summary
11/07/2024: JOBY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -12.52% | Upturn Advisory Performance 1 | Avg. Invested days: 24 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/07/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -12.52% | Avg. Invested days: 24 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/07/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.90B USD |
Price to earnings Ratio - | 1Y Target Price 7.54 |
Dividends yield (FY) - | Basic EPS (TTM) -0.7 |
Volume (30-day avg) 16677387 | Beta 1.97 |
52 Weeks Range 4.50 - 7.69 | Updated Date 11/8/2024 |
Company Size Mid-Cap Stock | Market Capitalization 3.90B USD | Price to earnings Ratio - | 1Y Target Price 7.54 |
Dividends yield (FY) - | Basic EPS (TTM) -0.7 | Volume (30-day avg) 16677387 | Beta 1.97 |
52 Weeks Range 4.50 - 7.69 | Updated Date 11/8/2024 |
Earnings Date
Report Date 2024-11-06 | When AfterMarket |
Estimate -0.19 | Actual -0.21 |
Report Date 2024-11-06 | When AfterMarket | Estimate -0.19 | Actual -0.21 |
Profitability
Profit Margin - | Operating Margin (TTM) -559625% |
Management Effectiveness
Return on Assets (TTM) -31.07% | Return on Equity (TTM) -50.45% |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 2866303488 | Price to Sales(TTM) 3420.86 |
Enterprise Value to Revenue 2688.2 | Enterprise Value to EBITDA -9.19 |
Shares Outstanding 765086016 | Shares Floating 418362147 |
Percent Insiders 34.25 | Percent Institutions 40.36 |
Trailing PE - | Forward PE - | Enterprise Value 2866303488 | Price to Sales(TTM) 3420.86 |
Enterprise Value to Revenue 2688.2 | Enterprise Value to EBITDA -9.19 | Shares Outstanding 765086016 | Shares Floating 418362147 |
Percent Insiders 34.25 | Percent Institutions 40.36 |
Analyst Ratings
Rating 3.5 | Target Price 8.8 | Buy 2 |
Strong Buy 2 | Hold 3 | Sell - |
Strong Sell 1 |
Rating 3.5 | Target Price 8.8 | Buy 2 | Strong Buy 2 |
Hold 3 | Sell - | Strong Sell 1 |
AI Summarization
Joby Aviation: A Comprehensive Overview
Company Profile:
History and Background:
Joby Aviation, founded in 2009, is a California-based company developing and manufacturing all-electric vertical take-off and landing (eVTOL) aircraft. The company envisions a future of convenient, affordable, and sustainable air travel in urban and regional areas.
Core Business Areas:
- eVTOL Aircraft Development and Manufacturing: Joby focuses on designing, building, and commercializing its flagship aircraft, the Joby S4. This five-seat, piloted aircraft is designed for short-distance, urban air mobility.
- Air Taxi Services: The company plans to operate an air taxi service using its eVTOL aircraft, initially targeting major metropolitan areas.
- Technology Development: Joby invests heavily in research and development, focusing on areas like electric propulsion, autonomous flight control, and battery technology.
Leadership and Corporate Structure:
- Executive Team: The leadership team includes CEO JoeBen Bevirt, President Oliver Walker-Jones, and CFO Paul Sciarra.
- Board of Directors: The board consists of industry veterans with expertise in aviation, technology, and finance.
- Corporate Structure: Joby operates as a publicly traded company (NYSE: JOBY) with headquarters in Santa Cruz, California.
Top Products and Market Share:
Top Products:
- Joby S4: The flagship eVTOL aircraft with a range of 150 miles and a top speed of 200 mph.
- Air Taxi Service: The planned commercial service providing on-demand, point-to-point transportation in urban areas.
Market Share:
- Global eVTOL Market: Joby is a leading player in the emerging eVTOL market, estimated to reach $34 billion by 2030. The company faces competition from established aerospace companies and startups.
- US eVTOL Market: Joby holds a significant market share in the US, with partnerships with major companies like Toyota and Uber. However, competition is intensifying as other players enter the market.
- Product Performance and Market Reception: The Joby S4 has received positive reviews for its design, performance, and safety features.
Total Addressable Market:
The total addressable market for Joby Aviation comprises two segments:
- Urban Air Mobility Market: This market includes passenger and cargo transportation within urban areas using eVTOL aircraft. Estimates suggest the global urban air mobility market could reach $176 billion by 2035.
- Regional Air Travel Market: This market encompasses short-distance flights between cities and towns, which could be disrupted by eVTOL technology.
Financial Performance:
Recent Financial Statements:
- Revenue: As a pre-revenue company, Joby has not yet generated significant revenue.
- Net Income: Similarly, the company is currently reporting net losses due to ongoing research and development expenses.
- Profit Margins: Not applicable at this stage.
- Earnings per Share (EPS): Not applicable as the company is not yet profitable.
Financial Performance Comparison:
- Year-over-Year: Year-over-year comparisons are not meaningful as the company is in its early stages of development.
- Cash Flow and Balance Sheet: Joby has a strong cash position due to recent funding rounds and partnerships. The company needs to continue managing its cash flow efficiently to achieve profitability.
Dividends and Shareholder Returns:
Dividend History:
Joby Aviation, being a growth company, does not currently pay dividends.
Shareholder Returns:
As a recently listed company, Joby's stock price has experienced volatility. Long-term shareholder returns will depend on the company's success in achieving its business goals.
Growth Trajectory:
Historical Growth:
Due to its recent IPO, historical growth analysis is limited. However, Joby has seen significant growth in partnerships, investment, and development milestones.
Future Projections:
Analysts project strong growth for Joby Aviation, driven by the expanding eVTOL market and the company's first-mover advantage. However, these projections are subject to market risks and execution uncertainties.
Growth Prospects:
Joby's upcoming eVTOL aircraft certification and launch of its air taxi service are crucial for driving future growth. Additionally, expanding partnerships and international market entry could contribute significantly.
Market Dynamics:
Industry Overview:
The eVTOL industry is in its early stages of development, with intense competition and technological advancements. Regulatory approvals and public acceptance are key challenges for industry growth.
Joby's Positioning:
Joby is well-positioned within the industry with its advanced technology, established partnerships, and experienced leadership team. The company needs to navigate the evolving regulatory landscape and ensure market acceptance to succeed.
Competitors:
Key Competitors:
- Archer Aviation (ACHR)
- Lilium (LILM)
- Vertical Aerospace (EVTL)
- Wisk Aero (NYSE: WSK)
Market Share Comparison:
While it's difficult to quantify precise market share at this early stage, Joby is considered a leading competitor with a strong market position.
Competitive Advantages and Disadvantages:
- Advantages: Advanced technology, experienced team, strong partnerships, access to capital.
- Disadvantages: New entrant, pre-revenue stage, regulatory hurdles, intense competition.
Potential Challenges and Opportunities:
Key Challenges:
- Technological Development: Ensuring the safety and reliability of its eVTOL aircraft.
- Regulatory Approvals: Navigating complex regulatory processes for eVTOL operations.
- Market Acceptance: Building public trust and acceptance of eVTOL technology.
- Competition: Facing increasing competition from established players and startups.
Potential Opportunities:
- Expanding Market: Capitalizing on the growth of the urban air mobility and regional air travel markets.
- Technology innovation: Developing new and innovative eVTOL technology.
- Strategic Partnerships: Collaborating with major companies to expand market reach and access resources.
- International Expansion: Entering international markets with high demand for air mobility solutions.
Recent Acquisitions:
Joby Aviation has not made any acquisitions in the past three years.
AI-Based Fundamental Rating:
Rating: 7/10
Justification:
- Financial Health: While currently unprofitable, Joby has a strong cash position and significant investor backing.
- Market Position: The company is a leader in the emerging eVTOL industry with a strong technological foundation and partnerships.
- Future Prospects: Joby's growth potential is significant, driven by the expanding urban air mobility market and the company's first-mover advantage. However, execution risks and market uncertainty remain.
Sources and Disclaimers:
This overview is based on information gathered from the following sources:
- Joby Aviation Investor Relations website: https://investors.jobyaviation.com/
- SEC filings: https://www.sec.gov/edgar/search/
- Industry reports and news articles
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Joby Aviation
Exchange | NYSE | Headquaters | Santa Cruz, CA, United States |
IPO Launch date | 2021-08-11 | Founder, CEO, Chief Architect, President & Director | Mr. JoeBen Bevirt |
Sector | Industrials | Website | https://www.jobyaviation.com |
Industry | Airports & Air Services | Full time employees | 1777 |
Headquaters | Santa Cruz, CA, United States | ||
Founder, CEO, Chief Architect, President & Director | Mr. JoeBen Bevirt | ||
Website | https://www.jobyaviation.com | ||
Website | https://www.jobyaviation.com | ||
Full time employees | 1777 |
Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
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