Joby Aviation, Inc.
$11.43
-3.7%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.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
Medium confidenceValuation multiple is compressed (P/E -10.1).
Valuation inputs: P/E -10.1, earnings yield N/A, momentum -3.7%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE -66.0%, ROIC -41.3%).
Profitability stack: net margin -17.4%, ROE -66.0%, ROIC -41.3%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +21.5%, momentum -3.7%, net margin -17.4%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Joby Aviation, Inc. Market vs Earnings Trajectory
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Joby Aviation, Inc. Fair Value Envelope
Joby Aviation, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
Joby Aviation, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Joby Aviation, Inc. Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.
Debt-to-Equity Ratio
Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.
Financial Health Insight
Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.
Joby Aviation, Inc. Street Expectations Map
Wall Street analysts project that JOBY stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 16.50, with estimates ranging from a low of 13.00 to a high of 18.00.
The consensus 1-year price target stands at 16.50, with estimates ranging from a low of 13.00 to a high of 18.00.
Analyst Consensus Analysis
Upside Potential
Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.
Analyst Agreement
Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.
Analyst Conviction
Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.
Market Sentiment Insight
Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.
Joby Aviation, Inc. Insider Positioning
During the last 12 months, insiders have sold $65.49M worth of JOBY shares, with no buying activity reported.
3 Months
0
0.00
1.3M
13.39M
-13.4M
-$13.39M
3-6 Months
0
0.00
907.6K
9.67M
-9.7M
-$9.67M
6-9 Months
0
0.00
890.4K
13.53M
-13.5M
-$13.53M
9-12 Months
0
0.00
2.4M
28.91M
-28.9M
-$28.91M
Top Buyers
No buying activity
Top Sellers
Sciarra Paul Cahill
Director
$28.32M
Bevirt Joeben
Director, Officer: Ceo And Chief Architect
$22.68M
Simi Bonny W
Officer: President Of Operations
$6.64M
Dehoff Kate
Officer: See Remarks
$3.08M
Allison Eric
Officer: Chief Product Officer
$2.39M
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $65.49M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.
Recent Trend (3 Months)
Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.
Insider Participation
5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
No Dividend Yield Data
JOBY has not reported any dividend yield values in the available annual periods.
joby Dividend History
Learning Layer
Related Guides
Build conviction on JOBY by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.