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SunCar Technology Group Inc. (SDA)

Upturn stock ratingUpturn stock rating
SunCar Technology Group Inc.
$9.32
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

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​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: -85.38%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 56
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn 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​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/09/2024
Upturn Advisory Performance Upturn Advisory Performance2

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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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