| | | | | | Expected Earning growth | -32% | 76% | 325% | 85.77% | 125% | 76% | 88% | 66% | -24% | 68% |
| | | | | | | 32.00% | 50 | 100 | 85 | 90 | 74 | 68 |
| INCOME STATEMENT |
| | | 12/31/14 | 12/31/15 | 12/31/16 | 12/31/17 | 12/31/18 | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | 12/31/25 | 12/31/26 | 12/31/27 |
| Total Revenue | | $3,198,356.00 | $4,046,025.00 | $700,132.00 | $11,758,751.00 | $7,999,478.31 | $14,103,880.20 | $59,941,490.85 | $111,353,307.55 | $250,544,941.99 | $440,959,097.91 | $829,003,104.07 | $1,376,145,152.75 | $1,045,870,316.09 |
| Cost Of Revenue | | $2,316,685.00 | $3,122,522.00 | $5,400,875.00 | $9,536,264.00 | $12,587,868.48 |
| Gross Profit | | $881,671.00 | $923,503.00 | $1,599,257.00 | $2,222,487.00 |
| Operating Expenses |
| R&D | | $464,700.00 | $717,900.00 | $834,408.00 | $1,378,073.00 | $2,212,481.00 | $3,590,554.00 | $5,803,035.00 | $9,284,856.00 | $12,302,434.20 |
| Sales General and Admin. | | $603,660.00 | $922,232.00 | $1,432,189.00 | $2,476,500.00 |
| Non-Recruiting items | | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Other Operating Items | | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | | -$186,689.00 | -$716,629.00 | $667,340.00 | $1,632,086.00 |
| Add'l Income/Expense items | | $2,939.00 | -$40,144.00 | $119,802.00 | $105,687.00 | | | | | | | | | | | | 0.605488969 |
| Earnings Before interest and Tax | | -$183,750.00 | -$756,773.00 | -$547,538.00 | $1,737,773.00 | | | | | | | | | | | | 0.622863202 |
| Interest Expense | | $100,886.00 | $118,851.00 | $198,810.00 | $471,259.00 | | | | | | | | | | | | 0.6161948825 |
| Earnings before Tax | | -$284,636.00 | -$875,624.00 | -$746,348.00 | -$2,209,032.00 | | | | | | | | | | | | 1.12 |
| Income tax | | $9,404.00 | $13,039.00 | $26,698.00 | $31,546.00 | | | | | | | | | | | | 0.6 |
| Minority Interest | | $0.00 | $0.00 | $98,132.00 | $279,178.00 |
| Equity Earnings/Loss unconsolidatied subsidiary | | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income-Cont. Operations | | -$294,040.00 | -$888,663.00 | -$674,914.00 | -$1,961,400.00 |
| NET INCOME | | -$294,040.00 | -$888,663.00 | -$674,914.00 | $1,961,400.00 |
| Net Income Applicable to common shareholders | | -$294,040.00 | -$888,663.00 | -$674,914.00 | -$1,961,400.00 |
| BALANCE SHEET |
| | | 12/31/14 | 12/31/15 | 12/31/16 | 12/31/17 | 12/31/18 | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | 12/31/25 | 12/31/26 | 12/31/27 |
| Cash and Cash Equivalents | | $1,923,660 | $1,219,536 | $3,498,735 | $3,523,237 |
| Short-Term Investments | | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Recievables | | $226,604 | $168,965 | $499,142 | $515,381 |
| Inventory | | $953,675 | $1,277,838 | $2,067,454 | $2,263,537 |
| Other Current Assets | | $76,134 | $115,667 | $194,465 | $268,365 |
| Total Current Assets | | $3,180,073 | $2,782,006 | $6,259,796 | $6,570,520 |
| Long term Assets |
| Long term investments | | $0 | $0 | $506,302 | $456,652 |
| Fixed Assets | | $2,596,011 | $5,194,737 | $9,117,037 | $14,144,126 |
| Good Will | | $0 | $0 | $0 | $60,237 |
| Intangible Assets | | $0 | $12,816 | $376,145 | $361,502 |
| Other assets | | $54,583 | $78,380 | $6,404,796 | $7,062,335 |
| Deferred Asset Charges | | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | | $5,830,667 | $8,067,939 | $22,664,076 | $28,655,372 | $28,353,707 | $28,052,042 | $27,750,377 | $27,448,712 | $27,147,047 | $26,845,382 | $26,543,717 | $26,242,052 | $25,940,387 | $25,638,722 |
| Current Liabilites |
| Accounts Payable | | $1,046,829 | $1,338,946 | $3,070,369 | $4,121,616 |
| Short term debt/Current portion of long term debt | | $611,099 | $627,927 | $1,150,147 | $896,549 |
| Other Current Liabilites | | $449,238 | $844,162 | $1,606,489 | $2,656,505 |
| TOTAL CURRENT LIABILITIES | | $2,107,166 | $2,811,035 | $5,827,005 | $7,674,670 |
| Long-term debt | | $1,818,785 | $2,021,093 | $5,969,500 | $9,418,319 |
| Other Liabilites | | $642,539 | $1,658,717 | $4,101,872 | $475,192 |
| Deferred Liability Charges | | $292,271 | $446,105 | $851,790 | $1,177,799 |
| Misc. Stocks | | $58,196 | $47,285 | $375,823 | $397,804 |
| Minority Interest | | $0 | $0 | $785,175 | $997,346 |
| Total Liabilities | | $4,918,957 | $6,984,235 | $17,911,165 | $24,418,130 |
| Stock Holders Equity |
| Common Stocks | | $126 | $131 | $161 | $169 | $172 | $178 | $181 | $189 | $192 | $200 | $206 | $215 | $222 | 227 |
| Capital Surplus | | $2,345,266 | $3,409,452 | $7,773,727 | $9,178,024 |
| Retained Earnings | | -$1,433,660 | -$2,322,323 | -$2,997,237 | -$4,974,299 |
| Treasury Stock | | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Equity | | -$22 | -$3,556 | -$23,740 | $33,348 |
| Total Equity | | $911,710 | $1,083,704 | $4,752,911 | $4,237,242 |
| Total LIabilities & Equity | | $5,830,667 | $8,067,939 | $22,664,076 | $24,655,372 |
| Cash Flow |
| | | 12/31/14 | 12/31/15 | 12/31/16 | 12/31/17 | 12/31/18 | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | 12/31/25 | 12/31/26 | 12/31/27 |
| Net Income | | -$1,961,400 | -$674,914 | -$888,663 | -$294,040 |
| Cash flows - operating activities |
| Depreciation | | $1,727,040 | $1,041,789 | $500,644 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 | $301,665 |
| Net incom Adjustments | | $949,487 | $301,289 | $356,809 | $191,863 |
| Changes in Operating Activities |
| Accounts Recievables | | -$40,088 | -$265,918 | $21,905 | -$183,658 |
| Changes in Inventories | | -$178,850 | -$632,867 | -$369,364 | -$1,050,264 |
| Other Operating Activities | | -$1,594,657 | -$1,776,030 | -$1,234,091 | -$65,130 |
| Liabilities | | $1,316,992 | $1,980,954 | $1,088,261 | $1,042,227 |
| Net cash Flow - Operating | | -$60,654 | -$123,829 | -$524,499 | -$57,337 |
| Cash Flows - Investing Activities |
| Capital Expenditures | | -$4,081,354 | -$1,440,471 | -$1,634,850 | -$969,885 |
| Investments | | $0 | $16,667 | $0 | -$16,710 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | | -$337,613 | $7,374 | -$38,701 | -$3,849 |
| Net cash flow - Investing | | -$4,418,967 | -$1,416,430 | -$1,673,551 | -$990,444 |
| Cash Flows - Financing Activities |
| Sale and Purchase of Stock | | $1,271,120 | $2,067,078 | $856,611 | $489,615 |
| Net Borrowings | | $3,385,588 | $1,718,190 | $683,937 | $2,292,092 |
| Other Financing Activities | | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash Flows Financing | | $4,414,864 | $3,743,976 | $1,523,523 | $2,143,130 |
| Effect of Exchange Rate | | $39,455 | -$7,409 | -$34,278 | -$35,525 |
| Net Cash Flow | | -$25,302 | $2,196,308 | $708,805 | $1,059,824 |
| Financial Ratios |
| | | 12/31/14 | 12/31/15 | 12/31/16 | 12/31/17 | 12/31/18 | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | 12/31/25 | 12/31/26 | 12/31/27 |
| Liquidity ratios |
| Current Ratio | | 86% | 107% | 99% | 151% |
| Quick Ratio | | 56% | 72% | 54% | 106% |
| Cash Ratio | | 46% | 60% | 43% | 91% |
| Profitability Ratios |
| Gross Margin | | 19% | 23% | 23% | 28% |
| Operating Margin | | 14% | 10% | 18% | 6% |
| Pre-tax margin | | 19% | 11% | 22% | 9% |
| Profit Margin | | 17% | 10% | 22% | 9% |
| Pre -tax ROE | | 52% | 16% | 81% | 31% |
| After tax ROE | | 46% | 14% | 82% | 32% |
habbasi
TESLAvaluationABBASIHAMMAD.xlsx
