Bedrijfsoverzicht
LiveWire Group, Inc. is a manufacturer and seller of electric motorcycles operating within the United States, Austria, and international markets, with a specific focus on two distinct business segments: Electric Motorcycles and STACYC. The company's product portfolio encompasses electric motorcycles and their corresponding parts, accessories, and apparel, alongside electric balance bikes designed specifically for children. This enterprise operates within the Consumer Cyclical sector, specifically classified under the Auto Manufacturers industry, positioning it as a player in the broader automotive landscape where consumer spending patterns directly influence demand. In terms of scale, the company holds a market capitalization of $339.21M and employs a workforce of 151 individuals to generate annual revenue of $25.67M. The relatively modest market cap and revenue figures indicate that LiveWire Group functions as a small-cap entity within the automotive manufacturing space, suggesting a niche market position rather than broad mainstream dominance.
Financiële gezondheid
The company reported a revenue of $25.67M over the trailing twelve months, yet this generated a net income of $-75,114,000 and an EBITDA of $-66,348,000, revealing a significant structural gap where operational costs and expenses vastly exceed revenue generation. This disparity indicates a highly capital-intensive cost structure typical of early-stage manufacturing, where heavy investment in research, development, and production facilities has not yet been offset by profitable operations. Free cash flow stands at $-32,336,876, which signifies that the company is burning cash rather than generating liquidity, thereby limiting its immediate financial flexibility for discretionary spending or unplanned opportunities. Profitability metrics further illustrate this challenge, with a gross margin of -17.3%, an operating margin of -156.2%, and a profit margin of -292.6%, all of which indicate that the company is currently losing money on every unit sold and on its overall operations. The balance sheet reflects a leveraged position with total cash of $82.78M against total debt of $75.72M, resulting in a debt-to-equity ratio of 164.52 that suggests substantial reliance on borrowed capital relative to shareholder equity. Despite the debt load, the current ratio of 4.63 indicates a strong short-term liquidity position, as current assets are more than four times the current liabilities, providing a buffer against immediate obligations. Return on Equity is reported at -93.2% and Return on Assets at -32.1%, metrics that reveal management has not yet been effective at generating positive returns on the capital invested by shareholders or utilized in assets.
Waarderingsbeoordeling
Valuation multiples for the company reflect its unprofitable status, with a trailing P/E Ratio (TTM) listed as N/A and a forward P/E of -5.35, implying that the market currently prices in future earnings recovery rather than historical profitability. The price-to-book ratio stands at 7.38, indicating that the market values the company at a significant premium of 738% over its net asset book value, which is common for growth-oriented or technology-focused automotive firms. Alternative valuation metrics such as the price-to-sales ratio of 13.21 and an EV/EBITDA of -5.01 suggest that investors are willing to pay a high multiple for revenue generation, anticipating that sales growth will eventually translate into profitability. Price action shows a 52-week high of $9.04 and a 52-week low of $0.93, placing the current trading range within a highly volatile band where the stock could theoretically trade anywhere within this 870% spread. The beta value of 1.81 indicates that the stock's price volatility is nearly double that of the broader market, meaning it will experience significantly larger swings in both upward and downward directions compared to index benchmarks.
Growth & Income
Revenue growth year-over-year stands at 5.5%, while earnings growth is N/A due to the company's continued losses, implying that top-line expansion is currently decoupled from bottom-line profitability as the firm works to achieve operational breakeven. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means that instead of distributing income to shareholders, the entity retains all earnings to fund its manufacturing operations and reduce its debt load. This reinvestment strategy is characteristic of pre-profitability automotive manufacturers that prioritize scaling production capacity and market share over immediate shareholder returns. The overall growth and income profile is characterized by positive revenue expansion paired with significant negative earnings, reflecting a high-risk, high-reward dynamic where future returns depend entirely on the company's ability to control costs and scale its electric motorcycle production efficiently.