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Joby Aviation (JOBY)JOBY

Upturn stock ratingUpturn stock rating
Joby Aviation
$5.1
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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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​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: -12.52%
Upturn Advisory Performance Upturn Advisory Performance1
Avg. Invested days: 24
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn 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​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/07/2024
Upturn Advisory Performance Upturn Advisory Performance1

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:

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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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