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Financial Review: EVE (NYSE:EVEX) Vs. Joby Aviation (NYSE:JOBY)

Defense World ·  Sep 5, 2022 01:51

EVE (NYSE:EVEX – Get Rating) and Joby Aviation (NYSE:JOBY – Get Rating) are both aerospace companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and dividends.

Volatility & Risk

EVE has a beta of 1, meaning that its share price has a similar volatility profile to the S&P 500.Comparatively, Joby Aviation has a beta of 1.59, meaning that its share price is 59% more volatile than the S&P 500.

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Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for EVE and Joby Aviation, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
EVE 0 2 1 0 2.33
Joby Aviation 0 4 2 0 2.33
EVE presently has a consensus target price of $7.30, suggesting a potential upside of 16.24%. Joby Aviation has a consensus target price of $9.20, suggesting a potential upside of 75.91%. Given Joby Aviation's higher probable upside, analysts clearly believe Joby Aviation is more favorable than EVE.

Profitability

This table compares EVE and Joby Aviation's net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
EVE N/A -9.95% -2.05%
Joby Aviation N/A -21.14% -18.64%

Valuation and Earnings

This table compares EVE and Joby Aviation's gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
EVE N/A N/A $14.52 million N/A N/A
Joby Aviation N/A N/A -$180.32 million ($0.39) -13.41

Institutional & Insider Ownership

2.4% of EVE shares are owned by institutional investors. Comparatively, 29.0% of Joby Aviation shares are owned by institutional investors. 51.3% of Joby Aviation shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Summary

Joby Aviation beats EVE on 5 of the 8 factors compared between the two stocks.

About EVE

(Get Rating)

Eve Holding, Inc. develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems. The company is based in Melbourne, Florida.

About Joby Aviation

(Get Rating)

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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