Financials Lucid Group, Inc.

Equities

LCID

US5494982029

Auto & Truck Manufacturers

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10.78 ^USD	-1.42%		-1.54%	+2.47%

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Projected Income Statement: Lucid Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	27.11	608.2	595.3	807.8	1,299	2,401	4,540
Change	-	-	2,143.3%	-2.12%	35.71%	60.76%	84.9%	89.06%
EBITDA ¹	-	-951.7	-1,974	-2,583	-2,436	-2,561	-1,991	-1,254
Change	-	-	-107.46%	-30.82%	5.68%	-5.1%	22.25%	37%
EBIT ¹	-	-1,530	-2,594	-3,100	-3,021	-3,240	-2,760	-2,104
Change	-	-	-69.49%	-19.49%	2.54%	-7.27%	14.81%	23.79%
Interest Paid ¹	-	-1.374	-30.6	-24.92	-32.92	-83	-152.2	-221
Earnings before Tax (EBT) ¹	-	-2,580	-1,304	-2,827	-2,713	-2,914	-2,762	-2,154
Change	-	-	49.45%	-116.81%	4.06%	-7.41%	5.22%	21.99%
Net income ¹	-719.4	-4,747	-2,559	-2,828	-3,062	-3,207	-2,851	-2,258
Change	-	-559.89%	46.1%	-10.54%	-8.24%	-4.74%	11.08%	20.8%
Announcement Date	5/14/21	2/28/22	2/22/23	2/21/24	2/25/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	0.232	26.39	57.68	97.34	195.5	257.7	149.4	150.9	137.8	157.2	172.7	200.6	200	234.5	235	259.4	336.6	473.1	510.9	573.4	641.4	693.4
Change	-	11,275.86%	118.53%	68.77%	100.81%	31.85%	-42.02%	0.96%	-8.66%	14.03%	9.92%	16.12%	-0.27%	17.21%	0.25%	10.37%	29.74%	40.56%	8%	12.22%	11.86%	8.11%
EBITDA ¹	-482.2	-299.6	-383.8	-414.1	-552.9	-623.6	-643.9	-710.3	-624.1	-604.6	-598.4	-647.6	-613	-577.3	-563.5	-632.1	-717.7	-656.7	-585.7	-511.7	-428.5	-392.6
Change	-	37.87%	-28.11%	-7.9%	-33.53%	-12.79%	-3.25%	-10.32%	12.15%	3.12%	1.02%	-8.22%	5.33%	5.84%	2.39%	-12.17%	-13.55%	8.5%	10.81%	12.63%	16.27%	8.38%
EBIT ¹	-497	-485.7	-597.5	-559.2	-687.5	-749.7	-772.2	-765.7	-752.9	-736.9	-729.9	-787.4	-770.5	-733	-691.9	-803	-942	-851.6	-757.7	-717.2	-666.6	-647.8
Change	-	2.29%	-23.03%	6.41%	-22.95%	-9.05%	-2.99%	0.84%	1.68%	2.13%	0.94%	-7.88%	2.14%	4.88%	5.6%	-16.06%	-17.31%	9.6%	11.03%	5.35%	7.05%	2.83%
Charge d'intérêts ¹	-	-	-7.705	-7.189	-7.613	-8.075	-7.108	-6.69	-3.34	-7.777	-7.501	-6.673	-8.478	-10.27	-11.88	-23.75	-25.57	-21.8	-38.05	-38.05	-38.05	-38.05
Earnings before Tax (EBT) ¹	-	-	-80.96	-	-530	-472.8	-779.4	-763.6	-630.6	-653.8	-680.7	-643.5	-992	-396.6	-367.5	-541.8	-978.8	-814.9	-762.3	-719.8	-675	-653.1
Change	-	-	-	-	-	10.78%	-64.84%	2.02%	17.42%	-3.67%	-4.12%	5.47%	-54.17%	60.02%	7.34%	-47.42%	-80.66%	16.74%	6.46%	5.58%	6.23%	3.23%
Net income ¹	-524.4	-1,046	-81.29	-220.4	-530.1	-472.6	-779.5	-764.2	-630.9	-653.8	-684.8	-643.4	-949.6	-636.9	-731.1	-739.3	-1,035	-814.5	-762.3	-719.8	-675	-655.8
Change	-	-99.4%	92.23%	-171.17%	-140.49%	10.84%	-64.93%	1.96%	17.45%	-3.63%	-4.74%	6.04%	-47.6%	32.93%	-14.79%	-1.12%	-39.94%	21.27%	6.41%	5.58%	6.23%	2.83%
Announcement Date	11/15/21	2/28/22	5/5/22	8/3/22	11/8/22	2/22/23	5/8/23	8/7/23	11/7/23	2/21/24	5/6/24	8/5/24	11/7/24	2/25/25	5/6/25	8/5/25	11/5/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Lucid Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-4,266	-1,829	-1,785	-1,953	1,502	2,221	2,006
Change	-	-	57.13%	2.41%	-9.41%	176.92%	47.87%	-9.68%
Announcement Date	5/14/21	2/28/22	2/22/23	2/21/24	2/25/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Lucid Group, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	421.2	1,075	910.6	883.8	1,021	1,250	1,063
Change	-	155.18%	-15.28%	-2.94%	15.48%	22.43%	-14.9%
Free Cash Flow (FCF) ¹	-1,479	-3,301	-3,400	-2,904	-3,509	-3,123	-2,099
Change	-	-123.15%	-3.01%	14.61%	-20.84%	10.98%	32.79%
Announcement Date	2/28/22	2/22/23	2/21/24	2/25/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Lucid Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-3,510.29%	-324.64%	-433.9%	-301.58%	-197.16%	-82.91%	-27.62%
EBIT Margin (%)	-	-5,645.11%	-426.52%	-520.7%	-373.94%	-249.51%	-114.96%	-46.34%
EBT Margin (%)	-	-9,515.37%	-214.42%	-474.98%	-335.81%	-224.37%	-115.01%	-47.45%
Net margin (%)	-	-17,509.84%	-420.71%	-475.15%	-378.98%	-246.91%	-118.74%	-49.74%
FCF margin (%)	-	-5,456.65%	-542.78%	-571.24%	-359.42%	-270.16%	-130.08%	-46.24%
FCF / Net Income (%)	-	31.16%	129.02%	120.22%	94.84%	109.42%	109.55%	92.96%
Profitability
ROA	-	-	-32.47%	-	-	-	-	-
ROE	-	-101.41%	-61.96%	-61.48%	-70.18%	-83.55%	-132.06%	-111.46%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-0.59x	-1.12x	-1.6x
Debt / Free cash flow	-	-	-	-	-	-0.43x	-0.71x	-0.96x
Capital Intensity
CAPEX / Current Assets (%)	-	1,553.69%	176.73%	152.98%	109.41%	78.59%	52.04%	23.42%
CAPEX / EBITDA (%)	-	-44.26%	-54.44%	-35.26%	-36.28%	-39.86%	-62.77%	-84.79%
CAPEX / FCF (%)	-	-28.47%	-32.56%	-26.78%	-30.44%	-29.09%	-40.01%	-50.65%
Items per share
Cash flow per share ¹	-	-14.29	-13.15	-11.96	-8.26	-5.5	-3.47	-3.28
Change	-	-	8%	9.04%	30.94%	33.41%	36.91%	5.48%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	23.73	23.78	23.31	15.84	6.245	4.62	2.21
Change	-	-	0.21%	-1.99%	-32.04%	-60.57%	-26.02%	-52.16%
EPS ¹	-751.5	-64.1	-7.8	-13.6	-10.4	-8.94	-7.669	-5.497
Change	-	91.47%	87.83%	-74.36%	23.53%	14.04%	14.22%	28.32%
Nbr of stocks (in thousands)	-	164,637	182,745	228,943	301,119	324,168	324,168	324,168
Announcement Date	5/14/21	2/28/22	2/22/23	2/21/24	2/25/25	-	-	-