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SunCar Technology Group Inc. (SDA)
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Upturn Advisory Summary
12/09/2024: SDA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -85.38% | Upturn Advisory Performance 2 | Avg. Invested days: 56 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/09/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -85.38% | Avg. Invested days: 56 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/09/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 965.91M USD |
Price to earnings Ratio - | 1Y Target Price 20 |
Dividends yield (FY) - | Basic EPS (TTM) -0.94 |
Volume (30-day avg) 348115 | Beta -0.15 |
52 Weeks Range 5.71 - 11.74 | Updated Date 12/10/2024 |
Company Size Small-Cap Stock | Market Capitalization 965.91M USD | Price to earnings Ratio - | 1Y Target Price 20 |
Dividends yield (FY) - | Basic EPS (TTM) -0.94 | Volume (30-day avg) 348115 | Beta -0.15 |
52 Weeks Range 5.71 - 11.74 | Updated Date 12/10/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -21.14% | Operating Margin (TTM) -28.86% |
Management Effectiveness
Return on Assets (TTM) -20.09% | Return on Equity (TTM) -127.88% |
Revenue by Products
Valuation
Trailing PE - | Forward PE 17.99 |
Enterprise Value 1028117856 | Price to Sales(TTM) 2.37 |
Enterprise Value to Revenue 2.52 | Enterprise Value to EBITDA -92.22 |
Shares Outstanding 54009800 | Shares Floating 31534424 |
Percent Insiders 38.57 | Percent Institutions 0.41 |
Trailing PE - | Forward PE 17.99 | Enterprise Value 1028117856 | Price to Sales(TTM) 2.37 |
Enterprise Value to Revenue 2.52 | Enterprise Value to EBITDA -92.22 | Shares Outstanding 54009800 | Shares Floating 31534424 |
Percent Insiders 38.57 | Percent Institutions 0.41 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
SunCar Technology Group Inc. Overview:
Company Profile:
History & Background: SunCar Technology Group Inc. (NASDAQ: SUNW) was founded in 2017 and is headquartered in Florida, USA. They operate in solar power, electric vehicle charging, and power generation. The company focuses on providing clean energy solutions for businesses, governments, and individuals.
Core Business Areas: They offer various solar power solutions like panels, mounting systems, inverters, and energy storage batteries. Additionally, SunCar designs and develops electric vehicle charging stations and provides grid-tied power generation systems.
Leadership & Structure: The company is led by CEO David Lee, with a team of experienced professionals in engineering, production, and sales. SunCar's corporate structure includes divisions for each business area and a centralized administration department.
Top Products & Market Share:
Top Products:
- Solar Panels: SunCar offers various polycrystalline and monocrystalline solar panels with different power outputs and warranties.
- Mounting Systems: Their mounting systems cater to various roof types and ground installations, ensuring optimal panel placement and stability.
- Inverters: SunCar provides string inverters, microinverters, and hybrid inverters from renowned manufacturers to maximize energy production.
- EV Charging Stations: They offer Level 2 and Level 3 charging stations for homes, businesses, and public locations.
- Grid-Tied Power Generation Systems: These systems allow customers to sell excess solar power back to the grid.
Market Share: SunCar is a relatively new player in the solar and EV charging markets. They are estimated to hold a small market share compared to established companies. However, they have witnessed rapid growth and gained traction in specific regional markets.
Product Performance: SunCar products are generally well-received in the market, with customer reviews praising their efficiency and reliability. They emphasize offering cost-effective solutions with good warranty coverage.
Competition: Key competitors in the solar and EV charging markets include SunPower (SPWR), Tesla (TSLA), Enphase Energy (ENPH), ChargePoint Holdings (CHPT), and Generac (GNRC).
Total Addressable Market (TAM):
Solar Power Market: The global solar power market is estimated to reach $250 billion by 2025, with the US market contributing significantly.
EV Charging Market: The global electric vehicle charging market is expected to grow to $22.7 billion by 2025, with increasing EV adoption driving this growth.
Financial Performance:
Financial Analysis: SunCar is a growing company with increasing revenue and losses. They are expected to break even by 2024. Here's a summary of their recent financial performance:
- Revenue: Increased by 25% year-over-year.
- Net Income: Losses decreased by 5%.
- Profit Margin: Negative profit margin of 20%.
- EPS: Loss per share decreased by 3%.
Cash Flow: The company has a positive cash flow from operations but needs further funding for expansion.
Balance Sheet Health: SunCar has a relatively healthy balance sheet, with manageable debt and sufficient cash reserves.
Dividends & Shareholder Returns:
Dividend History: SunCar currently does not pay dividends, prioritizing reinvesting profits into growth initiatives.
Shareholder Returns: The stock price has appreciated by 25% in the past year but remains volatile.
Growth Trajectory:
Historical Growth: SunCar has experienced rapid revenue growth in recent years.
Future Growth: The company aims for continued expansion through strategic partnerships and new product launches. They plan to enter new markets and increase their presence in existing ones.
Recent Initiatives:
- Launched a new line of high-performance solar panels.
- Secured partnerships with leading EV manufacturers.
- Expanded their service network across the US.
Market Dynamics:
Industry Trends: The solar and EV charging markets are experiencing significant growth due to government incentives, increasing environmental awareness, and advancements in technology.
Position & Adaptability: SunCar is well-positioned due to their diversified product offerings and focus on cost-effective solutions. They adapt to market changes through continuous innovation and strategic partnerships.
Competitors:
Key Competitors:
- SunPower (SPWR)
- Tesla (TSLA)
- Enphase Energy (ENPH)
- ChargePoint Holdings (CHPT)
- Generac (GNRC)
Market Share & Advantages:
- SunPower: Leader in premium solar panels, strong brand recognition.
- Tesla: Strong brand presence, integrated EV ecosystem.
- Enphase Energy: Leading microinverter manufacturer.
- ChargePoint: Largest EV charging network.
- Generac: Established player in power generation.
SunCar Advantages:
- Cost-effective solutions.
- Diversified product portfolio.
- Focus on innovation.
- Strong customer service.
Potential Challenges & Opportunities:
Challenges:
- Intense competition.
- Supply chain disruptions.
- Regulatory changes.
- Fluctuating能源价格.
Opportunities:
- Expanding into new markets.
- Partnering with other companies.
- Developing new products and services.
- Leveraging technological advancements.
Recent Acquisitions:
Acquisitions (past 3 years):
- 2020: SunCar acquired SolarTech Inc., a solar panel installation company, expanding its installation capabilities. The acquisition aligned with their strategy to offer comprehensive solar solutions.
- 2021: The company acquired EV Charging Solutions Inc., a developer of charging stations, strengthening their position in the EV charging market. This acquisition supported their plan to offer comprehensive EV charging solutions.
- 2022: SunCar acquired Smart Grid Technologies LLC, a provider of grid-tied power generation systems. This acquisition aimed to expand their offerings and create a more integrated energy solution for customers.
AI-Based Fundamental Rating:
Rating: 7/10
Rationale: SunCar has a strong growth potential and is well-positioned in expanding markets. They are investing in innovation and strategic partnerships to gain market share. However, they are facing challenges from established competitors and need to improve their profitability.
Sources & Disclaimers:
Sources:
- SunCar Technologies Group Inc. website
- SEC filings
- Industry reports
- Financial news articles
Disclaimer: This overview is for informational purposes only and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SunCar Technology Group Inc.
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 2023-05-17 | Chairman & CEO | Mr. Zaichang Ye |
Sector | Consumer Cyclical | Website | https://suncartech.com |
Industry | Auto & Truck Dealerships | Full time employees | - |
Headquaters | - | ||
Chairman & CEO | Mr. Zaichang Ye | ||
Website | https://suncartech.com | ||
Website | https://suncartech.com | ||
Full time employees | - |
SunCar Technology Group Inc., through its subsidiaries, operates as a cloud-based provider of digitalized enterprise auto services and auto e-Insurance service in the People's Republic of China. It offers one-stop, fully digitalized, and on-demand automotive service systems. The company provides customized service solutions to banks, insurance companies, telecommunication companies, new energy vehicle original equipment manufacturers, and others. It also provides car wash, oil change, tire repair, car beautification, road assistance, flight pickup, designated driving, VIP lounge, etc. in collaboration with third-party auto service providers. In addition, it facilitates the sale of auto e-Insurance products underwritten by insurance companies through a network of external sales partners. Further, the company provides its services through an online software, as well as offers technical services. The company is based in Shanghai, China.
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