FMP
Apr 23, 2024 3:22 PM - Davit Kirakosyan
General Motors (NYSE:GM) exceeded Wall Street's expectations for the first quarter of 2024, leading to a rise in its stock price by 4% intra-day today. The company reported an adjusted EPS of $2.62, beating the analyst prediction of $2.12, and posted revenues of $43.01 billion, which surpassed the anticipated $40.67 billion and reflected an 8% increase year-over-year. Notably, the company also reported a 21% year-over-year rise in retail deliveries for its electric vehicle (EV) portfolio.
General Motors' CEO Mary Barra underscored the firm's performance, noting robust growth in total company revenue, strong EBIT margins in North America, stable pricing, and a gain in retail market share with relatively lower incentives compared to the industry average. In response to these results, GM updated its full-year 2024 EPS guidance to between $9.00 and $10.00, up from an earlier range of $8.50 to $9.50, compared to the analyst consensus of $9.08. The automaker also plans capital expenditures of $10.5 billion to $11.5 billion for the year, including investments in battery cell manufacturing joint ventures.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...