Lucid Group, Inc. (LCID)

NASDAQ: LCID · USD

$3.41

+0.10 (+3.0%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-17

Our latest published analysis: LCID rated Strong Buy

Lucid Group, Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$11.0 / share

Potential value

$21.7 / share

Upside to FV

+252.1%

from $3.41

Moat

2/10

None

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$1.2B
Revenue (ttm)	1.5B
Net income (ttm)	-4.6B
EPS (ttm)	-$13.7
Shares out	394.1M
Volume	7,945,330
Beta	1.00

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.5B
Net income (ttm): -4.6B
EPS (ttm): -$13.7
Market cap: $1.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$27.1M	$608.2M	$595.3M	$807.8M	$1.35B	+165.8%
Gross profit	$-127.8M	$-1.04B	$-1.34B	$-923.1M	$-1.26B	—
Operating income	$-1.53B	$-2.59B	$-3.10B	$-3.02B	$-3.50B	—
Net income	$-2.58B	$-1.30B	$-2.83B	$-2.71B	$-2.70B	—
EPS (diluted)	$-64.10	$-15.10	$-13.59	$-12.52	$-12.09	—
EBITDA	$-2.50B	$-1.07B	$-2.57B	$-2.38B	$-2.15B	—
R&D	$750.2M	$821.5M	$937.0M	$1.18B	$1.21B	+12.7%
SG&A	$652.5M	$734.6M	$797.2M	$901.0M	$1.03B	+12.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	ホールド
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	ホールド
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	売り
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	売り
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	売り
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	買い

Base and Bull scenarios

Base50%

Price target

$11.02

+252.1% from spot

In the base case scenario, Lucid successfully executes the commercial ramp of the Gravity SUV, lifting vehicle delivery revenue in line with consensus projections and absorbing plant overhead over a multi-year horizon. Operating reset initiatives and inventory adjustments contain cash burn, while sovereign credit facilities bridge capital expenditure requirements through tooling completion. Under this modal path, the shares converge to Fair value of $11.02 with an estimated probability of 50.0%, representing an implied upside of 252.1% against $3.13.

FY2027 revenue scales in line with consensus expectations as Gravity deliveries expand
Operating margins steadily improve from deep deficits toward single-digit positive margins by FY2030
Remaining bilateral credit capacity bridges near-term capital tooling requirements

Bull15%

Price target

$21.65

+591.7% from spot

In the upside scenario, the commercial ramp of the Gravity SUV exceeds baseline expectations, driving rapid consumer adoption across North America and accelerating deliveries under sovereign procurement commitments in the Middle East. Manufacturing lines at Casa Grande achieve target throughput ahead of schedule, spreading fixed overhead and narrowing operating losses toward breakeven faster than anticipated. Under this trajectory, the shares achieve Potential value of $21.65 with an estimated probability of 15.0%, representing an implied return of 591.7% from $3.13.

Gravity delivery volumes track toward the upper end of consensus forward revenue estimates
Fixed factory overhead absorption accelerates gross margins to positive territory ahead of expectations
Technology licensing partnerships provide supplementary high-margin revenue streams

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($11.02). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
7.9%	$12.7	$12.7	$12.7	$12.7	$12.7
8.9%	$12.2	$12.2	$12.2	$12.2	$12.2
9.9%	$11.0	$11.0	$11.0	$11.0	$11.0
10.9%	$11.4	$11.4	$11.4	$11.4	$11.4
11.9%	$11.0	$11.0	$11.0	$11.0	$11.0

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E0

P25 n/aP50 n/aP75 n/a

Trailing P/E0

P25 n/aP50 n/aP75 n/a

ROE-126

P25 n/aP50 n/aP75 n/a

ROIC-40.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All LCID indicators

Market & fundamental data

Available fields

207

Groups with data

Currency

USD

Showing 207 of 207 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001811210
Company name	Lucid Group, Inc.
Country	United States
Country code	US
CUSIP number	549498202
Earnings date	2026-11-09
Earnings time	amc
Employees	9,000
Employees change	2,200
Employees growth	32.35%
Enterprise value	$4.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2007
In index	RUSSELL2000
Industry	Auto Manufacturers
Is primary listing	Yes
Is SPAC	No
ISIN number	US5494982029
Last 10-K release date	2026-02-24
Last earnings date	2026-08-04
Last refreshed	2026-10-28
Last stock split date	2025-09-02
Last stock split type	Reverse
Market cap	$1.3B
Market cap category	Small-Cap
Next earnings date	2026-11-09
Options	Yes
Price	$3.41
Price currency	USD
Sector	Consumer Discretionary
SIC code	3711
Stock price date	2026-10-28
Symbol	LCID
Tags	car-company, electric-vehicles
U.S. state	California
Website	https://www.lucidmotors.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings yield	-400.68%
EV/Sales	2.71x
FCF / EV yield	-121.73%
FCF yield	-391.93%
Forward EV/Sales	1.94x
Forward P/S	0.6x
Industry forward P/E	96.45x
P/B ratio	0.71x
P/S ratio	0.84x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	-263.02%
EBITDA margin	-231.95%
Gross margin	-100.6%
Operating margin	-263.02%
Pretax margin	-249.04%
Profit margin	-249.21%
Profit per employee	$-511,659
Revenue per employee	$171,902
ROA	-30.7%
ROA (5Y)	-21.91%
ROCE	-77.35%
ROE	-125.99%
ROE (5Y)	-62.92%
ROIC	-40.63%
SBC / revenue	19.07%
Tax / revenue	0.17%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	5
Net income growth years	0
Revenue growth	66.54%
Revenue growth (Q)	56.24%
Revenue growth (QoQ)	43.5%
Revenue growth 3Y	27.1%
Revenue growth 5Y	222.21%
Revenue growth quarters	10
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1B
Depreciation and amortization	$480.8M
EBIT	$-4.1B
EBITDA	$-3.6B
EPS	$-13.66
FCF per share	$-12.97
Financing cash flow	$2.3B
Free cash flow	$-5.1B
Free cash flow minus SBC	$-5.4B
Gross profit	$-1.6B
Income taxes	$2.6M
Investing cash flow	$763.3M
Net borrowing	$992.8M
Net cash flow	$-990.9M
Net income	$-4.6B
Operating cash flow minus SBC	$-4.4B
Operating income	$-4.1B
Revenue	$1.5B
Stock-based compensation	$295.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	-4.25
Book value per share	$-2.68
Debt / equity	1.98
Interest coverage	-27.43
Long-term assets	$4.9B
Long-term liabilities	$3.4B
Net cash (debt)	$-2.9B
Net cash / market cap	-221.97%
Net debt / equity	1.57
Piotroski F-Score	2
Property, plant and equipment	$4.5B
Shareholders' equity	$1.8B
Tangible book value	$-1.1B
Tangible book value per share	$-2.68
Total assets	$7.7B
Total cash	$761.3M
Total debt	$3.7B
Total liabilities	$5.9B
WACC	4.92%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.19
Current assets	$2.8B
Current liabilities	$2.4B
Current ratio	1.14
Inventory turnover	2.97
Net working capital	$356.4M
Quick ratio	0.4
Working capital	$338.3M
Working capital turnover	1.12

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-19.72%
Dividend yield	0%
Shareholder yield	-19.72%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$5.81
1D price change	3.02%
1M price change	-18.18%
1M total return	-18.18%
1W price change	1.84%
1W total return	1.84%
1Y price change	-81.6%
1Y return CAGR	-81.62%
1Y total return	-81.6%
20-day SMA	$3.57
200-day SMA	$6.94
3M price change	-48.77%
3M total return	-48.77%
3Y price change	-91.76%
3Y return CAGR	-56.47%
3Y total return	-91.76%
50-day SMA	$4.17
50-day SMA vs 200-day SMA	50under200
52-week high	$19.48
52-week high date	2025-10-28
52-week low	$2.37
52-week low date	2026-07-14
5Y price change	-98.77%
5Y return CAGR	-58.5%
5Y total return	-98.77%
6M price change	-43.84%
6M total return	-43.84%
All-time high	$648.60
All-time high date	2021-02-18
All-time low	$2.37
All-time low date	2026-07-14
Average true range (ATR)	$0.27
Average volume	10.6M
Beta (1Y)	0.4
Beta (2Y)	0.89
Beta (5Y)	1
Change from 52-week high	-82.49%
Change from 52-week low	43.88%
Change from all-time high	-99.49%
Change from all-time low	40.51%
Change from open	3.49%
Day's gap	-0.45%
Dollar volume	$27.1M
High price	$3.41
Low price	$3.25
Monthly RSI	35.41
Open price	$3.30
Position in 52-week range	100%
Premarket change	-1.21%
Premarket close	$3.31
Premarket price	$3.27
Premarket volume	69.6K
Previous close	$3.31
Price vs 150-day SMA	-42.69%
Price vs 20-day SMA	-6.8%
Price vs 200-day SMA	-52.02%
Price vs 50-day SMA	-20.09%
Relative volume	0.75
RSI	38.42
Sharpe ratio	-1.62
Sharpe ratio (3Y)	-0.71
Sharpe ratio (5Y)	-0.66
Sortino ratio	-2.27
Sortino ratio (3Y)	-1
Sortino ratio (5Y)	-0.93
Volume	7.9M
Weekly RSI	31.21
YTD price change	-68.5%
YTD total return	-68.5%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	156.5M
Float percentage	39.71%
Shares change (QoQ)	16.39%
Shares change (YoY)	19.72%
Shares held by insiders	5.77%
Shares held by institutions	22.89%
Shares outstanding	394.1M
Short % of float	60.35%
Short % of shares	23.96%
Short ratio	8.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	126

Deeper analysis on LCID

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this LCID report

What is the latest published LCID stock rating?

Lucid Group, Inc. is shown with Strong Buy in the latest published report, analyzed 2026-10-17. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full LCID analysis?

The full latest published report, analyzed 2026-10-17, lives at /stocks/LCID/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for LCID?

The latest published report analyzed 2026-10-17 gives LCID a fair value of USD 11 and a potential value of USD 22. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the LCID page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-17). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyLCID · Fair value $11.0+252.1%

Read full analysis →

Category	Score	Reading
Valuation	9.5
Management	6.5
Balance Sheet	3.5
Profitability	1.5
Revenue Growth	9.0
Risk Assessment	6.0
Competitive Moat	2.0
Earnings Quality	6.0
Capital Efficiency	2.5

Lucid Group, Inc. (LCID)

Our latest published analysis: LCID rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · LCID

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All LCID indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on LCID

Frequently asked questions

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