Joby Aviation, Inc.

Industrials
Aerospace
www.jobyaviation.com

Moat Score

Market Cap $6.09B
PE -13
Debt $NaN
Cash $153.05M
EV $NaN
FCF -$432.18M

Earnings

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Sales & Net Margins

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Earnings	-$476.86M
EBIT	-$489.40M
ROE	-61%
ROA	-51%
FCF	-$432.18M
Equity	$781.04M
Growth Stability	1
PE	-12.77
PB	7.8
P/FCF	-14.09
P/S	5.47K
Price/Cash	0.03
Net Margins	-447K%
Op. Margins	-44K%
Sales Growth QoQ	0%
Sales CAGR	0%
Equity CAGR	270%
Earnings Growth YoY	-10K%

Earnings Growth QoQ	17%
Sales CAGR 5Y	0%
Equity CAGR 5Y	270%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
Equity CAGR 3Y	-14%
Market Cap	$6.09B
Revenue	$1.11M
Assets	$964.26M
Cash	$153.05M
Shares Outstanding	688.72M
Moat Score	1%
Working Capital	692.03M
Current Ratio	16.12
Shares Growth 3y	8%
Equity Growth QoQ	-13%
Equity Growth YoY	-30%

Assets & ROA

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Stockholders Equity & ROE

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Joby Aviation Inc is a transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service.

SEC Filings

Direct access to Joby Aviation, Inc. (JOBY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Joby Aviation, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Joby Aviation, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Joby Aviation, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Joby Aviation, Inc..

Years

Calculation mode

= -$4.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$432M	-$4.3B
DCF		-$393M	-$357M	-$325M	-$295M	-$268M	-$244M	-$222M	-$202M	-$183M	-$167M	-$1.7B
Value	-$4.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-50K%	-447K%
ROA	-13%	-20%	-37%	-51%
ROE	-14%	-22%	-50%	-61%

Bad Net Margins (-446.61K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-
Debt over Equity	-	-	-	-
Growth Stability	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	0%
Earnings YoY growth	-	43%	99%	-
Equity YoY growth	-	-12%	-11%	270%
FCF YoY growth	-	28%	18%	-