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Lotus Technology Inc. (LOT)
NASDAQ:LOT
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Lotus Technology
(NASDAQ:LOT)
Rating:42Neutral
Price Target:
$2.00
▼(-15.25%Downside)
Lotus Technology (LOT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.60B
Dividend YieldN/A
Average Volume (3M)72.64K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth57.34%
EPS Growth-82.19%
CountryUS
Employees1,996
SectorFinancial
Sector Strength78
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding678,257,300
10 Day Avg. Volume70,104
30 Day Avg. Volume72,635
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)-1.38
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.71
Enterprise Value/Revenue0.73
Enterprise Value/Gross Profit21.44
Enterprise Value/Ebitda-0.89
Forecast
1Y Price Target
$2.00Price Target Upside-15.25% Downside
Rating ConsensusHold
Number of Analyst Covering0
Lotus Technology Business Overview & Revenue Model
Company DescriptionLotus Technology (LOT) is an innovative company operating in the technology sector, primarily focusing on the development and manufacturing of electric vehicles (EVs) and advanced automotive technologies. As a subsidiary of the renowned Lotus Cars, the company leverages its expertise in engineering and design to produce high-performance electric vehicles that cater to the growing demand for sustainable and eco-friendly transportation solutions. Lotus Technology is committed to pushing the boundaries of automotive technology, integrating cutting-edge research and development to enhance vehicle performance, efficiency, and user experience.
How the Company Makes MoneyLotus Technology generates revenue primarily through the sale of its electric vehicles, which are marketed as premium, high-performance cars. The company capitalizes on its brand reputation and engineering prowess to attract customers seeking luxury and environmentally conscious automotive solutions. Additionally, Lotus Technology may engage in strategic partnerships and collaborations with other automotive and technology companies to enhance its product offerings and expand its market reach. Revenue is also likely supplemented by services related to vehicle maintenance, software updates, and possibly through licensing deals for its proprietary technologies. The company's focus on innovation and sustainability positions it to benefit from the growing global demand for electric vehicles and related technologies.
Lotus Technology Earnings Call Summary
Earnings Call Date:Jun 25, 2025
(Q3-2024)
| % Change Since: -2.48%|
Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment Neutral
Lotus Technology showed strong revenue growth and vehicle delivery figures, driven by its expanding ADAS business and strategic market entries. However, the company faced challenges with declining gross profit margins and increased losses, exacerbated by inventory issues, particularly in Europe.Q3-2024 Updates
Positive Updates
Significant Revenue Growth
Lotus Technology achieved total revenue of $653 million in the first nine months of 2024, marking a 105% year-over-year increase.
Record Vehicle Deliveries
In the third quarter, 2,744 units were delivered, representing a 54% year-over-year increase.
ADAS Business Expansion
Revenue from the intelligent driving business reached $11 million in the first nine months, with a year-over-year growth of 450%.
Service Revenue Increase
Service revenue was $29 million, a 129% year-over-year increase, with a gross margin of 55% compared to 28% last year.
New Market Entries and Infrastructure Expansion
Lotus expanded its charging infrastructure in Europe with more than 300,000 stations and continues to invest in China with over 18,000 stations.
Operating Expense Reduction
Operating loss decreased by 22% quarter-over-quarter, showcasing effective cost management strategies.
Negative Updates
Decline in Gross Profit Margin
Gross profit margin was 3% in the third quarter, down from 15% in the same period last year, mainly due to inventory management challenges.
Increased Operating and Net Loss
Operating loss was $598 million, an 18% year-over-year increase, while net loss was $667 million, a 19% increase compared to last year.
Challenges in European Stock Levels
The company is facing challenges with unhealthy stock levels in Europe which may impact new model launches.
Company Guidance
During the Lotus Technology Inc. Q3 2024 earnings call, the company reported delivering over 7,600 vehicles in the first nine months, generating $653 million in total revenue. In Q3 alone, 2,700 units were delivered, marking a 54% year-over-year increase, while sales revenue reached $255 million, up 36% year-over-year. Notably, the company's intelligent driving business, with ADAS technology, contributed $11 million, reflecting a 450% year-over-year growth. However, the gross profit margin decreased to 9% for the first nine months and slid further to 3% in Q3, largely due to inventory management challenges amidst trade protectionism and inflation. The company aims for a 20% gross profit margin by 2026, forecasting sales of over 30,000 units, supported by new model launches and strategic market expansions.Lotus Technology Financial Statement Overview
Summary
Lotus Technology faces significant financial challenges with negative profitability trends, insolvency risks due to negative stockholders' equity, and severe cash flow issues. Revenue growth is present, but it fails to translate into profits or positive cash flows.Income Statement
Lotus Technology shows a significant negative profitability trend with increasing net losses over the years. The revenue growth is notable, especially from 2022 to 2023, but the company is unable to convert this growth into profits. High negative EBIT and EBITDA margins indicate substantial operational challenges.20
Very Negative
Balance Sheet
The balance sheet reveals a critical financial position with negative stockholders' equity, indicating insolvency risks. The debt-to-equity ratio is not meaningful due to negative equity, but the high total debt levels suggest the company is heavily reliant on debt financing, posing a risk in terms of financial stability.15
Very Negative
Cash Flow
The cash flow statement highlights severe cash flow challenges, with negative operating cash flow and a declining free cash flow trend. The company’s operating cash flow and free cash flow remain negative, indicating difficulties in generating cash through operations, despite significant financing inflows.25
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 924.35M | 679.01M | 9.56M | 3.69M |
| Gross Profit | 29.63M | 102.18M | -25.87M | 557.00K |
| EBITDA | -969.96M | -680.98M | -687.85M | -110.89M |
| Net Income | -1.10B | -742.00M | -723.92M | -110.53M |
Balance Sheet | ||||
| Total Assets | 2.29B | 1.58B | 1.58B | 287.63M |
| Cash, Cash Equivalents and Short-Term Investments | 482.36M | 422.94M | 739.00M | 591.20K |
| Total Debt | 1.19B | 942.04M | 658.60M | 218.27M |
| Total Liabilities | 3.15B | 2.41B | 1.66B | 22.25M |
| Stockholders Equity | -860.23M | -821.77M | -83.96M | -21.15M |
Cash Flow | ||||
| Free Cash Flow | -905.86M | -600.65M | -484.99M | -35.81M |
| Operating Cash Flow | -848.52M | -386.93M | -351.58M | -1.22M |
| Investing Cash Flow | -579.44M | -197.99M | -149.34M | -286.64M |
| Financing Cash Flow | 1.46B | 284.71M | 758.34M | 288.46M |
Lotus Technology Technical Analysis
Positive
2.36
Price Trends
2.18
Positive
1.90
Positive
2.86
Negative
Market Momentum
0.04
Negative
60.18
Neutral
88.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LOT, the sentiment is Positive. The current price of 2.36 is above the 20-day moving average (MA) of 2.24, above the 50-day MA of 2.18, and below the 200-day MA of 2.86, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 60.18 is Neutral, neither overbought nor oversold. The STOCH value of 88.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LOT.
Lotus Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $6.61B | 11.28 | 7.19% | 5.75% | 24.10% | 5.12% | |
56 Neutral | $9.27B | ― | -50.06% | ― | 40.67% | 3.40% | |
53 Neutral | $15.71B | ― | -53.82% | ― | 0.58% | 35.39% | |
52 Neutral | $9.00B | ― | -240.42% | ― | 23.39% | 3.93% | |
51 Neutral | $17.45B | ― | -15.52% | ― | 50.45% | 49.81% | |
48 Neutral | $8.44B | ― | 36.15% | ― | 110.83% | -66.73% | |
42 Neutral | $1.60B | ― | 90.29% | ― | 57.34% | -82.19% |
* Financial Sector Average
Performance Comparison
LOT
Lotus Technology
2.36
-3.95
-62.60%
NIO
Nio
4.39
-0.30
-6.40%
XPEV
XPeng, Inc. ADR
18.31
9.31
103.44%
LCID
Lucid Group
3.04
-0.55
-15.32%
VFS
VinFast Auto
3.61
-0.90
-19.96%
RIVN
Rivian Automotive
13.70
-3.52
-20.44%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.