Ford 2019 Net Income of $84 million

[user212_nr]

Ford reports $1.7B 4th-quarter loss

People complained about Tesla.

"Due to the losses, the company had a net income of $84 million for all of 2019, a stark decline from the $3.7 billion earned in 2018 and the $7.75 billion in 2017."

Tesla does that in one quarter. A 5x valuation might make sense, especially considering direction.

 

[vwman111]

Why does Ford trade at such an unrealistic multiple? LOL Look at that 3 year track record. And only to get worse... Lose more money for every Mustang Mach E sold.

 

[cwerdna]

Via Ford Motor Company - Financials the quarterly and year end report at https://s22.q4cdn.com/857684434/files/doc_financials/2019/q4/Ford-4Q2019-Earnings-Press-Release.pdf, Ford sold about 5.9 million vehicles globally in 2019 and yes the annual profit was puny.

In comparison, per page 21 of https://ir.tesla.com/static-files/b3cf7f5e-546a-4a65-9888-c928b914b529, net loss for 2019 for Tesla was $775 million. And, net loss attributed to common shareholders was $862 million. Per Tesla Q4 2019 Vehicle Production & Deliveries | Tesla, Inc., Tesla delivered ~367.5K vehicles.

 

[tjkessler]

Ford's been a turd since Mulally got kicked out.

 

[Mata Hari]

Just curious, anyone trading options on Ford or GM? It seems money could be made on puts as traditional ICE makers begin to die...

 

[user212_nr]

Just curious, anyone trading options on Ford or GM? It seems money could be made on puts as traditional ICE makers begin to die...

Its risky business because there is a lot of non-EV factors in there still.

 

[ammulder]

The biggest factor in Ford's quarterly financials was their pension fund, right? (Which I assume was relatively one-time.) Then the quality problems at the factory for the new Explorer, which should also have been fixed by now (another one-time issue). They still sell plenty of F150s. It's not clear to me that now is the time to short -- I don't think BEVs have really had a major impact on GM/Ford auto sales at this point. Especially since they're abandoning sedans anyway (so limited impact from Model S/3) and Model X is selling in very limited numbers compared to the SUV market. You'd be banking on Model Y scaling really fast and making its mark on crossover sales. I think the day will come, but it will take time.