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Faraday Future Intelligent Electric (FFAI)
NASDAQ:FFAI
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Faraday Future Intelligent Electric
(NASDAQ:FFAI)
24Underperform
Faraday Future Intelligent Electric (FFAI) vs. S&P 500 (SPY)
Market Cap
$93.61M
Dividend YieldN/A
Average Volume (3M)5.63M
Price to Earnings (P/E)―
Beta (1Y)7.91
Revenue Growth-31.25%
EPS Growth98.68%
CountryUS
Employees505
SectorConsumer Cyclical
Sector Strength55
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-45.56
Shares Outstanding85,092,834
10 Day Avg. Volume5,416,652
30 Day Avg. Volume5,625,568
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)106.37
Price to Cash Flow (P/CF)-0.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Faraday Future Intelligent Electric Business Overview & Revenue Model
Company DescriptionFaraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was incorporated in 2014 and is headquartered in Gardena, California.
How the Company Makes MoneyFaraday Future Intelligent Electric makes money primarily through the sale of its luxury electric vehicles. The company's revenue model centers around the production and direct sales of its high-end electric cars, which are marketed towards affluent consumers seeking technologically advanced and environmentally friendly transportation options. FFAI may also generate additional revenue through strategic partnerships, collaborations with technology firms, and potential services related to vehicle connectivity and software upgrades. These partnerships can enhance the company's product offerings and market reach, contributing significantly to its earnings.
Faraday Future Intelligent Electric Financial Statement Overview
Summary
Faraday Future is facing significant financial challenges. The income statement shows very high negative profit margins and decreasing revenues. The balance sheet indicates high leverage and a negative return on equity, while cash flow analysis reveals substantial deficits. Overall, the financial position suggests a need for strategic improvements and highlights potential risks.Income Statement
Faraday Future has shown a limited revenue base with significantly negative profit margins. The TTM data indicates a gross profit margin of -15353.62% and a net profit margin of -59281.56%, reflecting substantial losses relative to revenue. The company's revenue growth rate is negative, as revenue decreased from $784,000 in 2023 to $537,000 in the TTM period. The EBIT and EBITDA margins are also deeply negative, indicating ongoing operational challenges.20
Very Negative
Balance Sheet
The balance sheet shows a high debt-to-equity ratio of 0.74, indicating significant leverage. However, the equity ratio stands at 34.90%, suggesting a moderate level of equity in the capital structure. Return on equity is notably negative at -203.10%, reflecting substantial losses on shareholder investments. These metrics highlight the company's financial instability and reliance on debt.35
Negative
Cash Flow
Cash flow analysis reveals negative free cash flow growth, with free cash flow decreasing from -$309.29 million in 2023 to -$110.53 million in the TTM period. The operating cash flow to net income ratio is 0.28, indicating insufficient cash flow relative to net losses. Free cash flow to net income ratio is 0.35, highlighting cash flow difficulties amid ongoing financial struggles.25
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 537.00K | 784.00K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -82.44M | -41.82M | -2.69M | -64.19M | -3.52M | 0.00 | EBIT |
| -179.57M | -286.05M | -450.99M | -354.15M | -64.94M | -104.74M | EBITDA |
| -200.08M | -383.13M | -587.24M | -354.15M | -61.41M | -99.55M | Net Income Common Stockholders |
| -318.38M | -431.74M | -602.24M | -516.50M | -147.09M | -143.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.22M | 1.90M | 16.97M | 505.09M | 1.12M | 2.22M | Total Assets |
| 153.32K | 530.54M | 510.29M | 907.43M | 316.38M | 315.22M | Total Debt |
| 125.00K | 144.32M | 68.03M | 188.28M | 531.62M | 454.67M | Net Debt |
| 2.35M | 142.42M | 51.06M | -316.81M | 530.50M | 452.45M | Total Liabilities |
| 128.50K | 302.30M | 327.54M | 339.78M | 895.72M | 754.88M | Stockholders Equity |
| -439.66M | 228.24M | 182.75M | 567.65M | -579.34M | -439.66M |
| Cash Flow | Free Cash Flow | ||||
| -110.53M | -309.29M | -506.28M | -435.45M | -41.77M | -192.05M | Operating Cash Flow |
| -89.60M | -278.18M | -383.06M | -339.76M | -41.16M | -189.79M | Investing Cash Flow |
| -20.84M | -31.11M | -123.22M | -95.68M | 2.99M | 26.91M | Financing Cash Flow |
| 109.57M | 291.45M | -6.72M | 966.57M | 36.83M | 162.62M |
Faraday Future Intelligent Electric Technical Analysis
Negative
1.10
Price Trends
1.33
Negative
1.42
Negative
4.40
Negative
Market Momentum
-0.06
Positive
38.98
Neutral
12.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FFAI, the sentiment is Negative. The current price of 1.1 is below the 20-day moving average (MA) of 1.20, below the 50-day MA of 1.33, and below the 200-day MA of 4.40, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.98 is Neutral, neither overbought nor oversold. The STOCH value of 12.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FFAI.
Faraday Future Intelligent Electric Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $750.38B | 108.85 | 10.52% | ― | 0.95% | -52.81% | |
72 Outperform | $36.74B | 6.32 | 13.42% | 8.63% | 5.00% | 35.92% | |
72 Outperform | $45.51B | 7.18 | 9.44% | 1.05% | 9.08% | -15.25% | |
59 Neutral | $11.76B | 10.11 | -0.70% | 3.92% | 1.27% | -16.30% | |
54 Neutral | $13.31B | ― | -60.48% | ― | 12.09% | 17.65% | |
37 Underperform | $7.73B | ― | -54.15% | ― | 35.71% | 8.24% | |
24 Underperform | $93.61M | ― | -207.37% | ― | -31.25% | 98.68% |
* Consumer Cyclical Sector Average
Performance Comparison
FFAI
Faraday Future Intelligent Electric
1.04
-2.28
-68.67%
F
Ford Motor
9.14
-2.98
-24.59%
GM
General Motors
43.73
0.32
0.74%
TSLA
Tesla
252.40
77.80
44.56%
LCID
Lucid Group
2.52
0.02
0.80%
RIVN
Rivian Automotive
11.46
1.89
19.75%
Faraday Future Intelligent Electric Earnings Call Summary
Earnings Call Date: Mar 27, 2025 | % Change Since: -14.06% | Next Earnings Date: May 26, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant progress in cost reduction and strategic initiatives such as the launch of the FX brand and expansion in the Middle East. However, these are tempered by concerns over low cash reserves, limited vehicle deliveries, and ongoing financial losses.Highlights
Significant Cost Reduction
Operating expenses declined 92.6% to $3.8 million from $50.9 million in the prior year's quarter, primarily due to cost control initiatives and a nonrecurring gain of $14.9 million.
Nasdaq Compliance and Financial Restructuring
Regained full Nasdaq listing requirements compliance, completed a reverse stock split, and increased authorized share count. Successfully restructured certain convertible notes to reduce future cash obligations.
Introduction of FX Brand
Launched the FX brand targeting mass market segments with planned models FX 5 and FX 6, priced between $20,000 to $50,000. Entered preliminary agreements with 4 OEMs to leverage technologies and synergies.
Middle East Expansion
Announced a co-investment agreement with Master Investment Group to establish a regional headquarters in Ras Al Khaimah, marking progress in the Middle East as part of the third polar strategy.
Lowlights
Low Cash Reserves
Ended the quarter with only $7.3 million in cash, highlighting concerns about liquidity and operational funding.
Limited Vehicle Deliveries
Delivered only 2 FF 91 2.0 vehicles in the third quarter, bringing the total deliveries to just 14 vehicles to date, indicating slow production and sales.
High Loss Before Income Taxes
Loss before income taxes was $77.7 million, slightly improved from $78 million in the prior year quarter, showing persistent financial challenges.
Company Guidance
During the third quarter of 2024, Faraday Future Intelligent Electric Inc. (FFIE) reported significant advancements in its operational and financial strategies, as discussed in their earnings call. The company achieved a substantial 92.6% reduction in operating expenses, bringing them down to $3.8 million from $50.9 million in the previous year's quarter, aided by a nonrecurring gain of $14.9 million. New financing commitments totaling $30 million were secured from investors across the Middle East, United States, and Asia, including $22.5 million in new investments. Additionally, FFIE delivered two FF 91 2.0 vehicles, increasing total deliveries to 14 and made strides in manufacturing improvements, reducing interior costs by half. The introduction of the FX brand aims to target mass market segments with models priced between $20,000 and $50,000, marking a strategic shift toward a dual brand strategy. The company also regained full Nasdaq compliance and restructured convertible notes to reduce future cash obligations, while maintaining total assets of $449 million and ending the quarter with $7.3 million in cash.Faraday Future Intelligent Electric Corporate Events
Private Placements and FinancingBusiness Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Faraday Future Reports Improved Financial Stability in 2024
Positive
Mar 27, 2025
Faraday Future announced its financial results for the fourth quarter and full year 2024, highlighting a significant reduction in net loss from operations and improved financial stability. The company secured over $70 million in funding, advanced its FX product development, and regained Nasdaq compliance, positioning itself for future growth in the premium AIEV segment and broader consumer market.
Executive/Board ChangesBusiness Operations and Strategy
Faraday Future Names Jiawei Wang as New President
Positive
Mar 24, 2025
On March 24, 2025, Faraday Future appointed Jiawei (Jerry) Wang as its new President, marking a strategic move to enhance corporate strategy and investor relations. Wang, a founding team member, is expected to drive growth in the U.S., Middle East, and China, focusing on operational efficiency, strategic partnerships, and capital market confidence. His appointment aims to accelerate the company’s FX business strategy and optimize its organizational structure, supporting long-term growth and shareholder value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.