Joby Aviation: A Bet On Urban Air Mobility Adoption

Nov. 11, 2022 1:30 PM ETJoby Aviation, Inc. (JOBY)LYFT, UBER, TM, TOYOF29 Comments
Jay Capital profile picture
Jay Capital
268 Followers

Summary

  • It is increasingly likely that urban air mobility will become mainstream in the future.
  • Urban air mobility is a large potential market.
  • Joby Aviation's first-mover advantage could lead to strong network effects.

transportation drone flying above the city

aerogondo

Overview

I believe Joby Aviation, Inc. (NYSE:JOBY) is undervalued. JOBY is a company that is committed to looking for innovative ways to reduce the pressure on the transportation industry. They are investing in areas that will yield them more income

Valuation

Author's estimates

This article was written by

Jay Capital profile picture
268 Followers
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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