Lucid Group

LCID

Auto - Manufacturers · Consumer Cyclical

Price

$7.36

+0.90 (+13.93%)

Market Cap

$2.34B

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+321.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 74.0M (2021) → 311.7M (2025)

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-44.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$1.2B/ year

→ Flat (+3% vs prior year)

89.5% of revenue

22.4x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

58.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 months

$739M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Lucid Group has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-92.8%

Thin — -92.8% gross margin

Operating Margin

-258.7%

Losing money on operations — -258.7%

ROCE

-221.9%

Weak — -221.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+67.6%

Fast-growing sales (67.6% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-282.8%

Burning cash (-282.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1.20

Elevated debt (1.20)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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