A Business at a Glance
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Frequently Used Terms Unless otherwise stated in Part II Item 8. Financial Statements and Supplementary Data, or the context otherwise requires, references in this Annual Report to: “2026 Notes” are to the 1.25% Convertible Senior Notes due 2026; “2030 Notes” are to the 5.00% Convertible Senior Notes due 2030; “2031 Notes” are to the 7.00% Convertible Senior Notes due 2031; “AMP-1” are to our Advanced Manufacturing Plant-1 in Casa Grande, Arizona; “AMP-2” are to our planned Advanced Manufacturing Plant-2 in Saudi Arabia, which consists of a semi knocked-down (“SKD”) portion that has been completed and a completely-built-up (“CBU”) portion that will be constructed; “Ayar” are to Ayar Third Investment Company, an affiliate of the PIF and the controlling stockholder of the Company; “Board” or “Board of Directors” are to the board of directors of Lucid Group Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | -3.7B | -3.7B | -3.1B | -2.8B | -1.3B | -4.7B |
| EPS | $-12.09 | $-12.09 | $-125.20 | $-13.60 | $-15.10 | $-64.10 |
| Free Cash Flow | -3.8B | -3.8B | -2.9B | -3.4B | -3.3B | -1.5B |
| ROIC | -109.7% | -85.2% | -52.1% | -41.3% | -20.6% | -39.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 3.91 | 3.91 | 0.58 | 0.43 | 0.46 | 0.51 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -3.5B | -3.5B | -3.0B | -3.1B | -2.6B | -1.5B |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -513.3% | -160.4% | -79.1% | -58.3% | -30.0% | -121.4% |
| Shares Outstanding | 305M | 305M | 24M | 208M | 230M | 183M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 511M | 750M | 822M | 937M | 1.2B | 1.2B | 1.2B |
| SG&A | 89M | 652M | 735M | 797M | 901M | 1.0B | 1.0B |
| EBIT | -599M | -1.5B | -2.6B | -3.1B | -3.0B | -3.5B | -3.5B |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -706M | -4.7B | -1.3B | -2.8B | -3.1B | -3.7B | -3.7B |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 40M | 20M | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | -42.7% | -39.1% | -20.6% | -41.3% | -52.1% | -85.2% | -109.7% |
| ROE | N/A | -121.4% | -30.0% | -58.3% | -79.1% | -160.4% | -513.3% |
| ROA | -50.3% | -60.2% | -16.6% | -33.2% | -31.7% | -40.8% | -43.9% |
| Cash Flow | |||||||
| Op. Cash Flow | -570M | -1.1B | -2.2B | -2.5B | -2.0B | -2.9B | -2.9B |
| Free Cash Flow | -1.0B | -1.5B | -3.3B | -3.4B | -2.9B | -3.8B | -3.8B |
| Owner Earnings | -585M | -1.6B | -2.8B | -3.0B | -2.6B | -3.7B | -3.7B |
| CapEx | 460M | 421M | 1.1B | 911M | 884M | 868M | 868M |
| Maint. CapEx | 10M | 63M | 187M | 234M | 295M | 451M | 451M |
| Growth CapEx | 449M | 358M | 888M | 677M | 589M | 417M | 417M |
| D&A | 10M | 63M | 187M | 234M | 295M | 451M | 451M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 21M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.6M | 517M | 424M | 257M | 286M | 271M | 271M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 1.7B | 1.7B |
| Balance Sheet | |||||||
| Net Debt | -615M | -4.3B | -1.9B | -1.8B | -1.8B | 1.2B | 1.8B |
| Cash & Equiv. | 614M | 6.3B | 1.7B | 1.4B | 1.6B | 998M | 998M |
| Long-Term Debt | 0 | 2.0B | 2.0B | 2.0B | 2.0B | 2.0B | 2.0B |
| Debt/Equity | 0.00 | 0.51 | 0.46 | 0.43 | 0.58 | 3.91 | 3.91 |
| Interest Coverage | -9362.9 | -1113.9 | -84.8 | -124.4 | -91.8 | -28.8 | -28.8 |
| Equity | -1.3B | 3.9B | 4.3B | 4.9B | 3.9B | 717M | 717M |
| Total Assets | 1.4B | 7.9B | 7.9B | 8.5B | 9.6B | 8.4B | 8.4B |
| Total Liabilities | 227M | 4.0B | 3.5B | 3.7B | 4.5B | 5.4B | 5.4B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -1.4B | -6.1B | -7.4B | -10.2B | -12.9B | -15.6B | -15.6B |
| Working Capital | 477M | 6.1B | 4.0B | 3.7B | 3.7B | 664M | 664M |
| Current Assets | 663M | 6.5B | 4.9B | 4.8B | 4.9B | 3.3B | 3.3B |
| Current Liabilities | 185M | 396M | 938M | 1.0B | 1.2B | 2.6B | 2.6B |
| Per Share Data | |||||||
| EPS | -284.20 | -64.10 | -15.10 | -13.60 | -125.20 | -12.09 | -12.09 |
| Owner EPS | -3.54 | -8.95 | -12.33 | -14.33 | -106.36 | -12.00 | -12.00 |
| Book Value | -7.98 | 21.36 | 18.91 | 23.33 | 158.38 | 2.36 | 2.36 |
| Cash Flow/Share | -3.45 | -5.78 | -9.68 | -11.97 | -82.59 | -9.63 | -10.61 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 165.3M | 183.0M | 230.0M | 208.0M | 24.5M | 304.5M | 304.5M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | -0.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 17.3 | 3.4 | 1.8 | 2.0 | 4.8 | 3.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -6.2% | -2.2% | -22.5% | -38.4% | -37.1% | -109.4% | -141.8% |
| Market Cap | 16.7B | 67.7B | 14.7B | 8.9B | 7.8B | 3.5B | 2.7B |
| Avg. Price | 97.86 | 270.16 | 196.21 | 67.44 | 29.89 | 22.43 | 8.80 |
| Year-End Price | 100.80 | 369.80 | 63.80 | 42.60 | 32.00 | 11.41 | 8.80 |
Lucid Group, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
At current prices, the estimated annualized return to fair value is -9.7%.
Lucid Group, Inc. (LCID) has a 5-year average return on invested capital (ROIC) of -47.7%. This is below average and may indicate limited pricing power.
Lucid Group, Inc. (LCID) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
Lucid Group, Inc. (LCID) does not currently pay a regular dividend.
Lucid Group, Inc. (LCID) operates in the Motor Vehicles & Passenger Car Bodies industry, within the Consumer Cyclical sector.
Lucid Group, Inc. (LCID) generated $-3.8 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Lucid Group, Inc. (LCID) has a debt-to-equity ratio of 3.91. This indicates higher leverage, which may increase financial risk.
Lucid Group, Inc. (LCID) reported earnings per share (EPS) of $-12.09 in its most recent fiscal year.
Lucid Group, Inc. (LCID) has a return on equity (ROE) of -160.4%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 6 years of financial data for Lucid Group, Inc. (LCID), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Lucid Group, Inc. (LCID) has a book value per share of $2.36, based on its most recent annual SEC filing.