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Nikola Corp
NASDAQ:NKLA

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Nikola Corp
NASDAQ:NKLA
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Price: 0.6575 USD 7.35% Market Closed
Updated: May 4, 2024

Relative Value

The Relative Value of one NKLA stock under the Base Case scenario is 1.9506 USD. Compared to the current market price of 0.6575 USD, Nikola Corp is Undervalued by 66%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NKLA Relative Value
Base Case
1.9506 USD
Undervaluation 66%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
52
vs Industry
1
Median 3Y
26.8
Median 5Y
26.8
Industry
1.6
Forward
5
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-2.2
Industry
21
Forward
-1.6
vs History
vs Industry
Median 3Y
-3
Median 5Y
-16.4
Industry
14.9
vs History
vs Industry
Median 3Y
-4.4
Median 5Y
-5.7
Industry
21
vs History
93
vs Industry
62
Median 3Y
2.8
Median 5Y
2.6
Industry
1.8
vs History
58
vs Industry
2
Median 3Y
23
Median 5Y
23
Industry
1.6
Forward
3.9
vs History
vs Industry
Median 3Y
-8.7
Median 5Y
-8.7
Industry
6.1
vs History
vs Industry
Median 3Y
-2.3
Median 5Y
-5.5
Industry
13
Forward
-1.7
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-5.5
Industry
16.6
Forward
-1.5
vs History
vs Industry
Median 3Y
-2.9
Median 5Y
-14.2
Industry
14.7
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-9.7
Industry
17.9
vs History
93
vs Industry
62
Median 3Y
2.1
Median 5Y
1.9
Industry
1.3

Multiples Across Competitors

NKLA Competitors Multiples
Nikola Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Nikola Corp
NASDAQ:NKLA
874.5m USD 24.4 -0.9 -1.2 -1.1
US
Caterpillar Inc
NYSE:CAT
164.8B USD 2.5 14.6 11 12.5
US
Paccar Inc
NASDAQ:PCAR
54.9B USD 1.6 10.8 6.2 7.1
SE
Volvo AB
STO:VOLV B
552.1B SEK 1 10.8 6.7 8.7
US
Cummins Inc
NYSE:CMI
39.8B USD 1.2 54.2 10 13.1
DE
Daimler Truck Holding AG
XETRA:DTG
33B EUR 0.6 8.7 6 7.3
JP
Toyota Industries Corp
TSE:6201
4.7T JPY 1.2 18.4 10.1 22
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
28.7B USD 2.9 31.2 15.8 21.3
JP
Komatsu Ltd
TSE:6301
4.3T JPY 1.1 10.9 6.7 8.5
CN
CRRC Corp Ltd
SSE:601766
170.1B CNY 0.7 14.5 10.8 10.8
SE
Epiroc AB
STO:EPI A
247.9B SEK 4.1 26.3 15.9 19.1

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