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LiveWire Group (LVWR)
NYSE:LVWR
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LiveWire Group
(NYSE:LVWR)
43Neutral
LiveWire Group (LVWR) vs. S&P 500 (SPY)
Market Cap
$388.81M
Dividend YieldN/A
Average Volume (3M)29.86K
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth-29.96%
EPS Growth14.57%
CountryUS
Employees182
SectorConsumer Cyclical
Sector Strength61
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.46
Shares Outstanding203,566,220
10 Day Avg. Volume28,423
30 Day Avg. Volume29,864
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)15.43
Price to Cash Flow (P/CF)-4.70
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
LiveWire Group Business Overview & Revenue Model
Company DescriptionLiveWire Group (LVWR) is a pioneering company in the electric motorcycle industry, focusing on the design, manufacture, and sale of electric motorcycles and related technologies. As a spin-off from Harley-Davidson, LiveWire leverages its parent company's rich heritage in motorcycle manufacturing while positioning itself at the forefront of sustainable and innovative electric mobility solutions. The company targets urban commuters and environmentally conscious consumers seeking high-performance, zero-emission motorcycles.
How the Company Makes MoneyLiveWire Group makes money primarily through the sale of its electric motorcycles and accessories. The company's revenue streams include direct sales through its own branded retail locations and e-commerce platforms, as well as partnerships with established motorcycle dealerships. Additionally, LiveWire generates income from licensing its proprietary electric vehicle technologies and software integrations to other manufacturers in the automotive sector. Strategic partnerships with technology companies and energy providers also contribute to its earnings by enhancing its product offerings and expanding its market reach.
LiveWire Group Financial Statement Overview
Summary
LiveWire Group faces significant financial challenges, with declining revenues, persistent losses, and negative cash flows. Despite low leverage, operational inefficiencies and cash flow issues pose risks to financial stability. Improvement in operational efficiency and cash generation is crucial.Income Statement
LiveWire Group shows a declining revenue trend with a significant drop from $46.8M in 2022 to $26.6M in 2024. The company has been experiencing consistent losses, with a net profit margin of -352.7% in 2024. Although gross profit margin improved to 100% in 2024 due to reduced cost of goods sold, EBIT and EBITDA margins remain deeply negative, signaling operational inefficiencies. Revenue growth has been erratic, further complicating financial stability.30
Negative
Balance Sheet
The company's balance sheet reflects a stable equity base but decreasing total assets from $351.8M in 2022 to $148M in 2024. Debt-to-equity ratio is low at 0.007, indicating low leverage, which is a positive aspect. However, the return on equity is significantly negative due to ongoing losses, and the equity ratio decreased from 87.2% in 2022 to 77.8% in 2024, reflecting reduced asset coverage.40
Negative
Cash Flow
LiveWire Group shows an unstable cash flow situation with negative free cash flow of -$101.9M in 2024, representing a worsening trend. The operating cash flow to net income ratio is close to 1, indicating that cash outflows closely match reported net losses. The company struggles with free cash flow generation, impacting its ability to fund growth internally.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 26.63M | 38.02M | 46.83M | 35.81M | 30.86M | Gross Profit |
| -12.78M | -5.77M | 2.90M | -2.57M | -24.96M | EBIT |
| -110.36M | -115.99M | -84.95M | -68.18M | -77.06M | EBITDA |
| -83.84M | -103.64M | -74.09M | -63.14M | -72.33M | Net Income Common Stockholders |
| -93.92M | -109.55M | -78.94M | -68.29M | -77.57M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 64.44M | 167.90M | 265.24M | 2.67M | 2.40M | Total Assets |
| 147.96M | 266.15M | 351.81M | 61.95M | 51.74M | Total Debt |
| 799.00K | 1.94M | 3.23M | 9.37M | 5.00M | Net Debt |
| -63.64M | -165.96M | -262.01M | 6.70M | 2.59M | Total Liabilities |
| 32.84M | 60.28M | 45.01M | 42.03M | 49.72M | Stockholders Equity |
| 115.11M | 205.86M | 306.80M | 19.93M | 2.02M |
| Cash Flow | Free Cash Flow | |||
| -101.93M | -96.92M | -103.76M | -84.49M | -56.96M | Operating Cash Flow |
| -93.86M | -83.46M | -89.68M | -74.54M | -53.71M | Investing Cash Flow |
| -8.07M | -13.46M | -14.08M | -9.95M | -3.24M | Financing Cash Flow |
| -1.44M | -412.00K | 366.33M | 84.76M | 58.30M |
LiveWire Group Technical Analysis
Negative
1.91
Price Trends
2.41
Negative
3.89
Negative
5.28
Negative
Market Momentum
-0.15
Negative
40.16
Neutral
55.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVWR, the sentiment is Negative. The current price of 1.91 is below the 20-day moving average (MA) of 2.11, below the 50-day MA of 2.41, and below the 200-day MA of 5.28, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 55.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LVWR.
LiveWire Group Risk Analysis
LiveWire Group disclosed 96 risk factors in its most recent earnings report. LiveWire Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveWire Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.50B | 14.66 | 24.01% | ― | 10.32% | 6.05% | |
68 Neutral | $2.86B | 6.68 | 14.19% | 3.04% | -11.13% | -31.78% | |
66 Neutral | $5.50B | 26.54 | 10.49% | 3.67% | 2.96% | -15.58% | |
59 Neutral | $11.22B | 10.13 | -1.22% | 3.96% | 1.32% | -18.57% | |
53 Neutral | $2.05B | 18.82 | 8.18% | 7.22% | -19.69% | -77.72% | |
50 Neutral | $80.72M | ― | -122.20% | ― | -20.29% | -729.53% | |
43 Neutral | $388.81M | ― | -58.52% | ― | -29.96% | 14.57% |
* Consumer Cyclical Sector Average
Performance Comparison
LVWR
LiveWire Group
1.91
-4.94
-72.12%
GPRO
GoPro
0.50
-1.56
-75.73%
HOG
Harley-Davidson
22.98
-19.28
-45.62%
PII
Polaris
36.71
-56.96
-60.81%
YETI
Yeti Holdings
30.15
-7.89
-20.74%
LEVI
Levi Strauss & Co
13.89
-6.10
-30.52%
LiveWire Group Earnings Call Summary
Earnings Call Date: Feb 5, 2025 | % Change Since: -37.79% | Next Earnings Date: Apr 24, 2025
Earnings Call Sentiment Negative
The earnings call reflects a challenging year for Harley-Davidson, marked by significant declines in sales and revenue, particularly in international markets. While there are positive signs in specific segments, like Touring and cost productivity, the overall performance is tempered by broader economic challenges and a substantial operating loss for LiveWire.Highlights
Touring Segment Growth
Harley-Davidson's Touring segment saw a strong performance, with an 18% increase in the first half of 2024, leading to an 8% growth for the full year. The company achieved a 74.5% market share in the U.S. Touring segment, the highest since 2019.
Cost Productivity Success
The company achieved $257 million in productivity savings by 2024, with plans for an additional $100 million savings in 2025. This contributed positively to the operating cash flow of over $1 billion, a nearly 40% increase from the prior year.
Positive Customer Engagement
The launch of new motorcycle models led to a 177% increase in customer engagements on the Harley-Davidson website, indicating strong customer interest.
LiveWire Market Performance
LiveWire achieved a 46% year-over-year growth in global retail performance, maintaining a 65% market share in the U.S. 50-plus horsepower on-road EV segment.
Lowlights
Significant Revenue Decline
Consolidated revenue for the fourth quarter of 2024 was down 35%, with HDMC revenue down 47% and a consolidated operating loss of $193 million, attributed to reduced wholesale shipments.
Global Retail Sales Decline
Harley-Davidson faced a 15% decline in global retail sales in the fourth quarter and a 7% decline for the full year, impacted by macroeconomic factors and high interest rates.
Challenges in Asia-Pacific Region
The Asia-Pacific region experienced a 26% decline in retail sales for the fourth quarter, driven by weaknesses in Japan and China.
LiveWire Operating Loss
LiveWire reported an operating loss of $110 million for 2024, although it was within the revised guidance range.
Company Guidance
During the Harley-Davidson 2024 Fourth Quarter Investor and Analyst Conference Call, the company provided guidance for its future performance amidst challenging market conditions. Harley-Davidson reported a 15% decline in global retail sales for the fourth quarter, with North America experiencing a 13% drop and international markets seeing a combined 17% decrease. The full-year global retail sales fell by 7%. However, the company achieved nearly 5% growth in the U.S. Touring segment, increasing its market share to almost 75%, up by 3.5% from 2023. Despite a 47% decrease in Q4 HDMC revenue, the company maintained a commitment to its Hardwire strategy, focusing on cost productivity and product innovation. For 2025, Harley-Davidson projects flat retail units, with wholesale units potentially declining by up to 5%. The company aims to improve its operating income margin to between 7% and 8%, while also targeting an additional $100 million in cost productivity savings. LiveWire, the electric motorcycle segment, reported a 46% increase in global retail performance for 2024, despite an operating loss of $110 million. The company seeks to reduce operating losses to between $70 million and $80 million in 2025. Harley-Davidson remains cautious yet optimistic about achieving a double-digit margin by 2026, assuming slight volume growth and favorable market conditions.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.