Nikola (NKLA) versus Its Peers Head to Head Comparison

Nikola (NASDAQ: NKLA) is one of 51 public companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its peers? We will compare Nikola to related businesses based on the strength of its institutional ownership, valuation, earnings, risk, profitability, dividends and analyst recommendations.

Institutional and Insider Ownership

15.9% of Nikola shares are held by institutional investors. Comparatively, 60.7% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 22.8% of Nikola shares are held by company insiders. Comparatively, 10.3% of shares of all “Motor vehicles & car bodies” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of current ratings and price targets for Nikola and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nikola 0 6 4 0 2.40
Nikola Competitors 917 2285 2602 147 2.33

Nikola currently has a consensus target price of $28.44, indicating a potential upside of 69.31%. As a group, “Motor vehicles & car bodies” companies have a potential downside of 2.07%. Given Nikola’s stronger consensus rating and higher possible upside, equities analysts clearly believe Nikola is more favorable than its peers.

Risk and Volatility

Nikola has a beta of 0.7, suggesting that its share price is 30% less volatile than the S&P 500. Comparatively, Nikola’s peers have a beta of 1.47, suggesting that their average share price is 47% more volatile than the S&P 500.

Profitability

This table compares Nikola and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Nikola N/A -47.45% -44.49%
Nikola Competitors -421.80% 2.25% -0.20%

Earnings and Valuation

This table compares Nikola and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Nikola $90,000.00 -$384.31 million -14.12
Nikola Competitors $52.36 billion $1.86 billion 36.76

Nikola’s peers have higher revenue and earnings than Nikola. Nikola is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Nikola peers beat Nikola on 9 of the 13 factors compared.

Nikola Company Profile

Nikola Corporation designs and manufactures battery electric and hydrogen-electric vehicless. It operates in two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles, hydrogen fuel cell electric vehicles, vehicle components, and class 8 trucks that provide solutions to the short-haul, medium-haul, and long-haul trucking sector. The Energy business unit is focuses on developing and constructing a network of hydrogen fueling stations for its fuel-cell electric and other customers. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona.

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