` Comparison: NKLA, CMI - Alpha Spread

NKLA
vs
CMI

Over the past 12 months, NKLA has underperformed CMI, delivering a return of -85% compared to the CMI's +47% growth.

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NKLA
CMI
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Stocks Compared:
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Valuation Comparison

NKLA Intrinsic Value
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CMI Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nikola Corp
NASDAQ:NKLA
0.183 USD
Cummins Inc
NYSE:CMI
514.53 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
NKLA, CMI

NKLA
CMI
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Nikola Corp
Revenue
Cummins Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
NKLA, CMI

NKLA
CMI
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Nikola Corp
NASDAQ:NKLA
Cummins Inc
NYSE:CMI
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What is Free Cash Flow?

Gross Margin

NKLA
-281.3%
CMI
25.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

Operating Margin

NKLA
-714%
CMI
12%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

Net Margin

NKLA
-840.4%
CMI
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

FCF Margin

NKLA
-758.8%
CMI
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

ROE

NKLA
-129.2%
CMI
23.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

ROA

NKLA
-58.1%
CMI
8.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

ROIC

NKLA
-71.1%
CMI
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

ROCE

NKLA
-69.3%
CMI
18.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nikola Corp
Cummins Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NKLA, CMI

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NKLA
CMI
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Performance Gap
NKLA, CMI

Performance Gap Between NKLA and CMI
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Performance By Year
NKLA, CMI

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NKLA
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