Intels secret high growth gem, MobilEye MBLY
Mobileye is fairly priced for 2025 expected earnings, at roughly 24 pe. The smoothed out growth rate for 5 years is around 30-40% annual for earnings. Analysts are expected something close to 2.87$ in earnings for 2029, and 3.77$ for 2030. What PE multiple should a fast growing software company trade at in the future? 20, 30 pe? maybe more? Either way MobilEye is now on my radar and if youre reading this, now yours.
Note- Intel owns a large percentage of Mobileye, approximately 88%.
Following summary credit from perplexity:
Mobileye is a leading company in the development of advanced driver assistance systems (ADAS) and autonomous driving technologies. Here's a summary of their business and future growth prospects:
## Core Business
Mobileye specializes in:
- Computer vision
- Machine learning
- Mapping for advanced driver assistance systems
- Autonomous driving technologies
Their key products include:
- EyeQ: A family of system-on-chip devices for automotive applications
- SuperVision: An advanced driver assistance system
- Mobileye Drive: A self-driving system for autonomous vehicles
## Market Presence
- Mobileye's technology is used in approximately 180 million vehicles worldwide[5].
- The company supplies technology to multiple automakers, giving it a broad industry presence.
## Financial Performance
As of Q4 2023:
- Revenue increased 13% year-over-year to $637 million[1].
- Operating margin improved by over 7 percentage points compared to the previous year[1].
- The company generated $394 million in net cash from operating activities in 2023[1].
## Future Growth Prospects
1. Growing Backlog: In 2023, Mobileye secured design wins projected to generate future revenue of $7.4 billion across 61 million units[1].
2. Expanding Product Portfolio: The company continues to innovate with products like Mobileye SuperVision and Mobileye Chauffeur, targeting various levels of autonomous driving[2].
3. Partnerships: Mobileye collaborates with numerous automotive manufacturers, enhancing its industry influence and potential for growth.
4. Market Expansion: The company is well-positioned to benefit from the growing demand for ADAS and autonomous driving technologies.
5. Financial Stability: With $1.2 billion in cash and zero debt as of December 2023, Mobileye has a strong financial foundation for future investments[1].
While the company faces some near-term challenges, such as inventory build-up at customers impacting 2024 growth, Mobileye expects normalization of revenue in the second half of 2024[1]. The company's strong technological foundation, growing backlog, and expanding market presence position it well for future growth in the evolving automotive technology landscape.
Citations:
[1] ir.mobileye.com/news-releases/news-release-details/mobileye-releases-fourth-quarter-and-full-year-2023-results-and
[2] stockanalysis.com/stocks/mbly/company/
[3] investing.com/equities/mobileye-global-company-profile
[4] mobileye.com/about/
[5] businesswire.com/news/home/20241015390519/en/Mobileye-Announces-Timing-of-its-Third-Quarter-2024-Results
[6] mobileye.com
[7] abiresearch.com/companies/mobileye/
[8] ca.finance.yahoo.com/quote/MBLY/
Note- Intel owns a large percentage of Mobileye, approximately 88%.
Following summary credit from perplexity:
Mobileye is a leading company in the development of advanced driver assistance systems (ADAS) and autonomous driving technologies. Here's a summary of their business and future growth prospects:
## Core Business
Mobileye specializes in:
- Computer vision
- Machine learning
- Mapping for advanced driver assistance systems
- Autonomous driving technologies
Their key products include:
- EyeQ: A family of system-on-chip devices for automotive applications
- SuperVision: An advanced driver assistance system
- Mobileye Drive: A self-driving system for autonomous vehicles
## Market Presence
- Mobileye's technology is used in approximately 180 million vehicles worldwide[5].
- The company supplies technology to multiple automakers, giving it a broad industry presence.
## Financial Performance
As of Q4 2023:
- Revenue increased 13% year-over-year to $637 million[1].
- Operating margin improved by over 7 percentage points compared to the previous year[1].
- The company generated $394 million in net cash from operating activities in 2023[1].
## Future Growth Prospects
1. Growing Backlog: In 2023, Mobileye secured design wins projected to generate future revenue of $7.4 billion across 61 million units[1].
2. Expanding Product Portfolio: The company continues to innovate with products like Mobileye SuperVision and Mobileye Chauffeur, targeting various levels of autonomous driving[2].
3. Partnerships: Mobileye collaborates with numerous automotive manufacturers, enhancing its industry influence and potential for growth.
4. Market Expansion: The company is well-positioned to benefit from the growing demand for ADAS and autonomous driving technologies.
5. Financial Stability: With $1.2 billion in cash and zero debt as of December 2023, Mobileye has a strong financial foundation for future investments[1].
While the company faces some near-term challenges, such as inventory build-up at customers impacting 2024 growth, Mobileye expects normalization of revenue in the second half of 2024[1]. The company's strong technological foundation, growing backlog, and expanding market presence position it well for future growth in the evolving automotive technology landscape.
Citations:
[1] ir.mobileye.com/news-releases/news-release-details/mobileye-releases-fourth-quarter-and-full-year-2023-results-and
[2] stockanalysis.com/stocks/mbly/company/
[3] investing.com/equities/mobileye-global-company-profile
[4] mobileye.com/about/
[5] businesswire.com/news/home/20241015390519/en/Mobileye-Announces-Timing-of-its-Third-Quarter-2024-Results
[6] mobileye.com
[7] abiresearch.com/companies/mobileye/
[8] ca.finance.yahoo.com/quote/MBLY/
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