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Livewire Group Inc. (LVWR)
:LVWR
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LiveWire Group
(NYSE:LVWR)
39Underperform
LiveWire Group (LVWR) vs. S&P 500 (SPY)
Market Cap
$236.14M
Dividend YieldN/A
Average Volume (3M)56.61K
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth-30.76%
EPS Growth20.33%
CountryUS
Employees182
SectorConsumer Cyclical
Sector Strength74
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.09
Shares Outstanding203,566,220
10 Day Avg. Volume75,061
30 Day Avg. Volume56,614
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)2.09
Price to Sales (P/S)0.00
P/FCF Ratio-2.17
Enterprise Value/Market Cap0.67
Enterprise Value/Revenue1.36
Enterprise Value/Gross Profit-102.24
Enterprise Value/Ebitda-0.46
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
LiveWire Group Business Overview & Revenue Model
Company DescriptionLiveWire Group, Inc. engages in the manufacturing of electric motorcycles in North America, Europe/Middle East/Africa, and Asia Pacific regions. It offers its products under the LiveWire brand name. The company has strategic partnerships with Harley-Davidson, Inc. and the KYMCO Group. LiveWire Group, Inc. was founded in 2010 and is based in Milwaukee, Wisconsin.
How the Company Makes MoneyLiveWire Group makes money primarily through the sale of its electric motorcycles and accessories. The company's revenue streams include direct sales through its own branded retail locations and e-commerce platforms, as well as partnerships with established motorcycle dealerships. Additionally, LiveWire generates income from licensing its proprietary electric vehicle technologies and software integrations to other manufacturers in the automotive sector. Strategic partnerships with technology companies and energy providers also contribute to its earnings by enhancing its product offerings and expanding its market reach.
LiveWire Group Financial Statement Overview
Summary
LiveWire Group is facing financial difficulties with negative gross profit margins, net losses, and declining revenues. Operational losses and cash flow issues present significant risks, despite a strong equity position and low leverage. Improvement in operational efficiency and revenue growth is crucial.Income Statement
LiveWire Group has faced significant challenges in its income statement with negative gross profit margins and consistent net losses. The TTM data shows a gross loss, and the net profit margin is deeply negative at -36.71%. Revenue has also declined by 8.39% compared to the previous year, indicating a contracting topline. The EBIT and EBITDA margins are both negative, reflecting ongoing operational difficulties.30
Negative
Balance Sheet
The balance sheet shows some strengths, such as a positive equity ratio of 75.8%, indicating a solid capital base. However, the return on equity is negative due to substantial net losses. The debt-to-equity ratio is low at 0.01, suggesting low financial leverage, which is a positive in terms of financial risk.45
Neutral
Cash Flow
Cash flow analysis reveals poor performance with a negative free cash flow and operating cash flow. The free cash flow to net income ratio is negative, suggesting cash flow issues. There is no free cash flow growth, with a significant decline from the previous year, highlighting liquidity challenges.25
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 24.40M | 26.63M | 38.02M | 46.83M | 35.81M | 30.86M | Gross Profit |
| -1.55M | -12.78M | -5.77M | 2.90M | -2.57M | -24.96M | EBIT |
| -85.86M | -110.36M | -115.99M | -84.95M | -68.18M | -77.06M | EBITDA |
| -55.74M | -83.84M | -103.64M | -74.09M | -63.14M | -72.33M | Net Income Common Stockholders |
| -89.55M | -93.92M | -109.55M | -78.94M | -68.29M | -77.57M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 141.03M | 64.44M | 167.90M | 265.24M | 2.67M | 2.40M | Total Assets |
| 237.09M | 147.96M | 266.15M | 351.81M | 61.95M | 51.74M | Total Debt |
| 1.59M | 799.00K | 1.94M | 3.23M | 9.37M | 5.00M | Net Debt |
| -139.44M | -63.64M | -165.96M | -262.01M | 6.70M | 2.59M | Total Liabilities |
| 53.31M | 32.84M | 60.28M | 45.01M | 42.03M | 49.72M | Stockholders Equity |
| 183.78M | 115.11M | 205.86M | 306.80M | 19.93M | 2.02M |
| Cash Flow | Free Cash Flow | ||||
| -93.86M | -101.93M | -96.92M | -103.76M | -84.49M | -56.96M | Operating Cash Flow |
| -88.42M | -93.86M | -83.46M | -89.68M | -74.54M | -53.71M | Investing Cash Flow |
| -5.44M | -8.07M | -13.46M | -14.08M | -9.95M | -3.24M | Financing Cash Flow |
| -988.00K | -1.44M | -412.00K | 366.33M | 84.76M | 58.30M |
LiveWire Group Technical Analysis
Negative
1.16
Price Trends
1.87
Negative
2.66
Negative
4.43
Negative
Market Momentum
-0.26
Positive
37.14
Neutral
48.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVWR, the sentiment is Negative. The current price of 1.16 is below the 20-day moving average (MA) of 1.50, below the 50-day MA of 1.87, and below the 200-day MA of 4.43, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 37.14 is Neutral, neither overbought nor oversold. The STOCH value of 48.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LVWR.
LiveWire Group Risk Analysis
LiveWire Group disclosed 96 risk factors in its most recent earnings report. LiveWire Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveWire Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.29B | 12.61 | 73.02% | ― | 7.57% | 34.82% | |
61 Neutral | $6.98B | 11.35 | 2.88% | 3.90% | 2.65% | -21.84% | |
59 Neutral | $298.44M | ― | -19.07% | ― | 22.42% | 30.09% | |
39 Underperform | $236.14M | ― | -63.74% | ― | -30.76% | 20.33% | |
37 Underperform | $5.82M | ― | -42.59% | ― | -34.68% | 34.15% | |
33 Underperform | $1.51B | ― | 90.29% | ― | 154.07% | -255.47% | |
27 Underperform | $112.27M | ― | -186.28% | ― | 8.52% | 98.75% |
* Consumer Cyclical Sector Average
Performance Comparison
LVWR
LiveWire Group
1.16
-5.34
-82.15%
BLBD
Blue Bird
40.82
-14.73
-26.52%
EVTV
Envirotech Vehicles
0.25
-1.23
-83.11%
NIU
Niu Technologies
3.83
1.70
79.81%
FFAI
Faraday Future Intelligent Electric
1.15
-70.85
-98.40%
LOT
Lotus Technology
2.23
-6.31
-73.89%
LiveWire Group Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q1-2025)
| % Change Since: -35.20%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong performance in financial services, strategic product launches, and capital allocation resilience. However, significant declines in retail sales, challenges faced by LiveWire, and broader economic uncertainties, including tariff impacts, weigh heavily on the overall outlook.Q1-2025 Updates
Positive Updates
Strong Operating Income Margin
Harley-Davidson's operating income margin for the quarter was 12.1%, which was better than expected due to strong product mix and tight cost control.
Financial Services Performance
Harley-Davidson Financial Services (HDFS) delivered a better-than-expected result with a 19% increase in operating income for the quarter.
New Product Launches
Harley-Davidson launched the CVO Road Glide RR, the most powerful and dynamic on-road production motorcycle in its history. Additionally, plans to introduce new entry-level products in smaller displacements and an iconic classic for the U.S. and international markets starting next year were discussed.
Resilience in Capital Allocation
Despite economic uncertainty, Harley-Davidson repurchased 3.4 million shares worth $87 million in Q1 2025, maintaining its commitment to returning capital to shareholders.
Improvement in Retail Trends
Sequential improvement in retail sales was observed from February to April, particularly in North America.
Negative Updates
Decline in Global Retail Sales
Global retail sales were down 21% in Q1, with a significant 24% decline in North America and a 28% decline in the APAC region, driven by softness in China and Japan.
Wholesale Shipments and Dealer Inventory
Global wholesale shipments were down 33%, and dealer inventory was down 19% compared to the previous year.
Challenges with LiveWire
LiveWire faced challenges in the EV market with expected operating losses of $59 million and a cash burn of $49 million. Harley-Davidson does not plan to provide additional investments beyond a $100 million line of credit.
Tariff and Trade Uncertainty
Harley-Davidson withdrew its 2025 guidance due to uncertainty in tariffs and trade policies, with a potential impact of $130 million to $175 million from new tariffs.
Decrease in Consolidated Revenue
Consolidated revenue decreased by 23%, largely due to a 27% decline in HDMC revenue and lower volume, resulting in a 310 basis point decline in operating income margin from the previous year.
Company Guidance
During the Harley-Davidson 2025 First Quarter Conference Call, the company reported an operating income margin of 12.1% for Q1, driven by a robust product mix and cost controls, despite a 21% global retail sales decline. North American sales dropped 24%, attributed to low consumer confidence, while EMEA saw a modest 2% decline. APAC experienced a 28% downturn, particularly in China and Japan, and LatAm reported a 6% decrease. Harley-Davidson's wholesale shipments fell by 33%, and dealer inventory decreased by 19%, with U.S. inventory down 23%. HDFS exceeded expectations with a 19% increase in operating income. However, LiveWire's operating losses were adjusted to $59 million, with a cash burn of $49 million. Due to persistent macroeconomic and tariff uncertainties, the company withdrew its 2025 guidance, focusing instead on mitigating tariff impacts, managing costs, and maintaining a year-end inventory reduction target.LiveWire Group Corporate Events
Executive/Board ChangesShareholder Meetings
LiveWire Group Holds 2025 Annual Stockholders Meeting
Neutral
May 16, 2025
On May 14, 2025, LiveWire Group, Inc. held its 2025 Annual Meeting of Stockholders where two key proposals were voted on. The first proposal involved the election of director nominees, all of whom were elected for a one-year term. The second proposal was the ratification of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
Spark’s Take on LVWR Stock
According to Spark, TipRanks’ AI Analyst, LVWR is a Underperform.
LiveWire Group’s stock is facing significant financial and operational challenges, reflected in the low financial performance score. The bearish technical indicators and negative valuation metrics further contribute to a weak overall score. While there are some positives from the earnings call, such as a strong operating income margin, the substantial declines in sales and broader economic uncertainties suggest caution for potential investors.
To see Spark’s full report on LVWR stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.