(JOBY) Joby Aviation - Overview
Sector: Industrials | Industry: Airports & Air Services | Exchange: NYSE (USA) | Market Cap: 10.741m USD | Total Return: 39.7% in 12m
Avg Turnover: 318M
Qual. Beats: 1
Rev. Trend: 65.0%
Qual. Beats: 0
Warnings
Share dilution 23.0% YoY
Interest Coverage Ratio -7.2 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -3.64 < 1.0 - financial distress zone
Choppy
Tailwinds
Tailwind
Joby Aviation is an aerospace company focused on the development and commercialization of electric vertical takeoff and landing (eVTOL) aircraft. The firm integrates manufacturing with a planned service model to provide short-range regional air mobility for passenger and government sectors.
The company operates within the emerging Advanced Air Mobility (AAM) sector, which utilizes electric propulsion to reduce noise and emissions compared to traditional combustion helicopters. Joby’s business model is vertically integrated, encompassing the design, production, and eventual operation of its own aerial ridesharing fleet.
For a deeper look into the companys fundamentals and valuation metrics, consider checking ValueRay. Joby Aviation is headquartered in Santa Cruz, California, and maintains strategic partnerships in major international markets including Japan and Europe.
- FAA type certification progress determines timeline for initial commercial passenger service launch
- Strategic partnerships with Delta and Toyota accelerate manufacturing and infrastructure scaling
- Department of Defense contract expansion secures non-dilutive revenue and operational data
- Capital expenditure for high-volume manufacturing facilities impacts long-term liquidity and margins
- Global regulatory approval delays threaten first-mover advantage in the emerging eVTOL market
| Net Income: -957.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.32 > 0.02 and ΔFCF/TA 14.80 > 1.0 |
| NWC/Revenue: 3.09k% < 20% (prev 715k%; Δ -712k% < -1%) |
| CFO/TA -0.19 > 3% & CFO -544.3m > Net Income -957.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 22.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (943.5m) vs 12m ago 23.03% < -2% |
| Gross Margin: 11.23% > 18% (prev 0.53%; Δ 1.07k% > 0.5%) |
| Asset Turnover: 3.87% > 50% (prev 0.01%; Δ 3.86% > 0%) |
| Interest Coverage Ratio: -7.20 > 6 (EBITDA TTM -747.9m / Interest Expense TTM 109.8m) |
| A: 0.82 (Total Current Assets 2.51b - Total Current Liabilities 113.9m) / Total Assets 2.93b |
| B: -0.99 (Retained Earnings -2.90b / Total Assets 2.93b) |
| C: -0.39 (EBIT TTM -789.9m / Avg Total Assets 2.01b) |
| D: -2.99 (Book Value of Equity -2.90b / Total Liabilities 969.9m) |
| Altman-Z'' = -3.64 = D |
| DSRI: 0.00 (Receivables 11.5m/9.77m, Revenue 77.7m/111k) |
| GMI: 4.73 (GM 11.23% / 53.15%) |
| AQI: 0.77 (AQ_t 0.06 / AQ_t-1 0.08) |
| SGI: 699.7 (Revenue 77.7m / 111k) |
| TATA: -0.14 (NI -957.4m - CFO -544.3m) / TA 2.93b) |
| Beneish M = 500.2 (Cap -4..+1) = D |
As of May 30, 2026, the stock is trading at USD 11.90 with a total of 28,720,916 shares traded.
Over the past week, the price has changed by +14.42%,
over one month by +36.78%,
over three months by +18.29% and
over the past year by +39.67%.
Joby Aviation has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold JOBY.
- StrongBuy: 2
- Buy: 2
- Hold: 3
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 11.1 | -6.6% |
P/S = 138.2933
P/B = 5.4867
Revenue TTM = 77.7m USD
EBIT TTM = -789.9m USD
EBITDA TTM = -747.9m USD
Long Term Debt = 701.1m USD (from longTermDebt, last quarter)
Short Term Debt = 9.03m USD (from shortTermDebt, last quarter)
Debt = 782.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 46.7m
Net Debt = -1.68b USD (calculated: Debt 782.2m - CCE 2.47b)
Enterprise Value = 9.06b USD (10.7b + Debt 782.2m - CCE 2.47b)
Interest Coverage Ratio = -7.20 (Ebit TTM -789.9m / Interest Expense TTM 109.8m)
EV/FCF = -9.76x (Enterprise Value 9.06b / FCF TTM -927.6m)
FCF Yield = -10.24% (FCF TTM -927.6m / Enterprise Value 9.06b)
FCF Margin = -1.19k% (FCF TTM -927.6m / Revenue TTM 77.7m)
Net Margin = -1.23k% (Net Income TTM -957.4m / Revenue TTM 77.7m)
Gross Margin = 11.23% ((Revenue TTM 77.7m - Cost of Revenue TTM 68.9m) / Revenue TTM)
Gross Margin QoQ = 22.45% (prev 1.67%)
Tobins Q-Ratio = 3.09 (Enterprise Value 9.06b / Total Assets 2.93b)
Interest Expense / Debt = 14.03% (Interest Expense 109.8m / Debt 782.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -624.0m (EBIT -789.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 20.63 (Total Current Assets 2.51b / Total Current Liabilities 121.8m)
Debt / Equity = 0.40 (Debt 782.2m / totalStockholderEquity, last quarter 1.96b)
Debt / EBITDA = 2.25 (negative EBITDA) (Net Debt -1.68b / EBITDA -747.9m)
Debt / FCF = 1.82 (negative FCF - burning cash) (Net Debt -1.68b / FCF TTM -927.6m)
Total Stockholder Equity = 1.29b (last 4 quarters mean from totalStockholderEquity)
RoA = -47.73% (Net Income -957.4m / Total Assets 2.93b)
RoE = -22.87% (Net Income TTM -957.4m / Total Stockholder Equity 4.19b)
RoCE = -16.16% (EBIT -789.9m / Capital Employed (Equity 4.19b + L.T.Debt 701.1m))
RoIC = -22.11% (negative operating profit) (NOPAT -624.0m / Invested Capital 2.82b)
WACC = 13.66% (E(10.7b)/V(11.5b) * Re(13.85%) + D(782.2m)/V(11.5b) * Rd(14.03%) * (1-Tc(0.21)))
Discount Rate = 13.85% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 86.67 | Cagr: 14.31%
[DCF] Fair Price = unknown (Cash Flow -927.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.63 | # QB: 1
Revenue Correlation: 64.96 | Revenue CAGR: 619.5% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.23 | Chg30d=-5.58% | Revisions=-40% | Analysts=8
EPS next Quarter (2026-09-30): EPS=-0.23 | Chg30d=-3.80% | Revisions=-27% | Analysts=8
EPS current Year (2026-12-31): EPS=-0.90 | Chg30d=-56.52% | Revisions=-20% | GrowthEPS=-9.7% | GrowthRev=+108.9%
EPS next Year (2027-12-31): EPS=-0.59 | Chg30d=-27.96% | Revisions=-20% | GrowthEPS=+33.9% | GrowthRev=+99.3%
[Analyst] Revisions Ratio: -40%