- XPeng’s 2Q revenue forecast misses estimates, expected to be between 7.5 billion and 8.3 billion yuan, lower than the projected 9.24 billion yuan.
- Vehicle deliveries are forecast to amount to 29,000-32,000 units, lower than the expected 38,147 units.
- First quarter results indicate an adjusted loss per share of 75 RMB cents and an actual loss of 73 RMB cents.
- The net loss in the first quarter totaled 1.37 billion yuan.
- Revenue in the first quarter reached 6.55 billion yuan, surpassing the estimated 6.11 billion yuan.
- During the first quarter, vehicle deliveries constituted 21,821 units, slightly more than the estimated 21,671 units.
- The company’s gross margin improved to 12.9% from an estimated 9.15% during the first quarter.
- XPeng’s operating loss for the first quarter was 1.65 billion yuan, smaller than the projected loss of 2.35 billion yuan.
- The Company’s Gross profit margin increased to 12.9% in the first quarter of 2024, signaling its unique approach to improve profitability and international market potential through smart technologies, as stated by Dr. Hongdi Brian Gu, Honorary Vice Chairman and Co-President of XPENG.
- XPeng’s current market ratings include 19 buys, 10 holds, and 3 sells.
A look at XPeng Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
XPeng Inc., a leading player in the electric vehicle industry, is positioned for long-term success based on its comprehensive Smartkarma Smart Scores evaluation. While the company’s growth and momentum scores are relatively modest, its strong resilience score indicates that XPeng is well-prepared to withstand market challenges and disruptions. Additionally, with a high value score, XPeng is deemed to be fundamentally solid in terms of its financials. The company’s focus on designing, producing, and distributing smart electric vehicles, along with offering finance, parts, and maintenance services, solidifies its position in the burgeoning EV market in China.
Overall, XPeng’s Smartkarma Smart Scores highlight its potential as a valuable investment opportunity for long-term investors seeking exposure to the electric vehicle sector. With a robust foundation in place, particularly in terms of resilience and value, XPeng is well-positioned to navigate the evolving landscape of the automotive industry in China. Investors may find XPeng to be an attractive prospect given its strategic positioning and focus on innovative smart electric vehicle technologies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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