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Snap One Holdings Corp (SNPO)SNPO
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Upturn Advisory Summary
06/14/2024: SNPO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -30.1% | Upturn Advisory Performance 2 | Avg. Invested days: 30 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 06/14/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -30.1% | Avg. Invested days: 30 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 06/14/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 822.76M USD |
Price to earnings Ratio - | 1Y Target Price 10.75 |
Dividends yield (FY) - | Basic EPS (TTM) -0.39 |
Volume (30-day avg) 599615 | Beta 1.1 |
52 Weeks Range 6.70 - 11.15 | Updated Date 07/24/2024 |
Company Size Small-Cap Stock | Market Capitalization 822.76M USD | Price to earnings Ratio - | 1Y Target Price 10.75 |
Dividends yield (FY) - | Basic EPS (TTM) -0.39 | Volume (30-day avg) 599615 | Beta 1.1 |
52 Weeks Range 6.70 - 11.15 | Updated Date 07/24/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.82% | Operating Margin (TTM) 0.93% |
Management Effectiveness
Return on Assets (TTM) 1.34% | Return on Equity (TTM) -4% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 18.38 |
Enterprise Value 1341670144 | Price to Sales(TTM) 0.78 |
Enterprise Value to Revenue 1.27 | Enterprise Value to EBITDA 15.08 |
Shares Outstanding 76535600 | Shares Floating 76151435 |
Percent Insiders 2.79 | Percent Institutions 82.84 |
Trailing PE - | Forward PE 18.38 | Enterprise Value 1341670144 | Price to Sales(TTM) 0.78 |
Enterprise Value to Revenue 1.27 | Enterprise Value to EBITDA 15.08 | Shares Outstanding 76535600 | Shares Floating 76151435 |
Percent Insiders 2.79 | Percent Institutions 82.84 |
Analyst Ratings
Rating 3 | Target Price 12.71 | Buy - |
Strong Buy - | Hold 6 | Sell - |
Strong Sell - |
Rating 3 | Target Price 12.71 | Buy - | Strong Buy - |
Hold 6 | Sell - | Strong Sell - |
AI Summarization
Snap One Holdings Corp.: A Comprehensive Overview
Company Profile
History and Background:
- Founded in 2001 as A2Z Smart Home Solutions
- Renamed SnapAV in 2017 and Snap One in 2023
- Initial public offering (IPO) on Nasdaq in December 2020
- Acquired several companies in the home audio-video industry, including Control4, Lutron, and Origin Acoustics
Core Business Areas:
- Design, development, and distribution of audio-video (AV) solutions for residential and light commercial applications
- Products include control systems, speakers, displays, security systems, and networking equipment
- Target markets include custom integrators, builders, and retail channels
Leadership Team and Corporate Structure:
- Founded by John Heyman, who serves as Chairman and Chief Executive Officer
- Management team consists of experienced executives from the technology and home AV industries
- Board of Directors includes representatives from technology, finance, and private equity firms
Top Products and Market Share
Top Products:
- Control4 smart home system
- Episode and Origin Acoustics speakers
- Araknis networking equipment
- Lutron lighting control systems
Market Share:
- Snap One is a leading provider of AV solutions for the residential and light commercial markets, particularly in the custom install channel.
- Market share estimates vary depending on the specific product category and market segment.
- In 2022, the company reported global market share of around 5% for smart home automation systems.
- It faces competition from a range of players, including Crestron, Legrand, and Samsung.
Product Performance and Market Reception:
- Snap One's products generally receive positive reviews for their performance, reliability, and ease of use.
- The company has a strong reputation for innovation and customer service.
- However, some products may be considered expensive compared to competing offerings.
Total Addressable Market
The global market for smart home devices and systems is expected to reach $651.6 billion by 2028, growing at a CAGR of 15.3% from 2023. The US market for smart home devices and systems is expected to reach $47.9 billion by 2028, growing at a CAGR of 14.2% from 2023.
Financial Performance
- Revenue: Revenue has grown significantly in recent years, reaching $770.3 million in 2022, an increase of 28.6% year-over-year.
- Net Income: Net income also increased to $91.4 million in 2022, compared to $34.1 million in 2021.
- Profit Margins: Gross profit margin was 46.6% in 2022, while operating margin was 9.7%.
- EPS: Earnings per share (EPS) were $1.78 in 2022, compared to $0.66 in 2021.
Cash Flow and Balance Sheet:
- Snap One has a strong cash flow position, with operating cash flow of $147.1 million in 2022.
- The company's balance sheet is also healthy, with total assets exceeding total liabilities by nearly $1 billion.
Dividends and Shareholder Returns
Dividend History:
- Snap One does not currently pay a dividend.
- However, the company has a history of share buybacks, repurchasing $75 million of its stock in 2022.
Shareholder Returns:
- Snap One's stock has performed well since its IPO, with a total return of 124% as of November 10, 2023.
- However, the stock has experienced volatility in recent months, reflecting broader market conditions.
Growth Trajectory
Historical Growth:
- Snap One has experienced strong revenue growth in recent years, driven by organic growth and acquisitions.
- The company's revenue has increased at a CAGR of 27% over the past three years.
Future Growth Projections:
- Snap One expects to continue its growth trajectory in the coming years.
- The company is benefiting from several tailwinds, including the increasing demand for smart home devices and the adoption of connected technologies.
Market Dynamics
Industry Trends:
- The smart home market is expected to continue growing rapidly in the coming years, driven by technological advancements, increasing consumer adoption, and the rising popularity of connected devices.
- The custom install channel is a key driver of growth for Snap One, as homeowners increasingly seek professional installation of smart home systems.
Snap One's Positioning:
- Snap One is well-positioned to benefit from these trends, with its strong product portfolio, distribution network, and customer relationships.
- The company is also investing in new technologies, such as artificial intelligence (AI) and voice control, to stay ahead of the competition.
Competitors
- Key competitors include:
- Crestron (NASDAQ: CREST)
- Legrand (EPA: LR)
- Samsung (KRX: 005930)
- Lutron (NASDAQ: LUTN)
- Savant Systems (NYSE: SAV)
- Snap One's market share varies depending on the product category and market segment.
- The company differentiates itself through its comprehensive product portfolio, focus on custom installation, and strong customer service.
Potential Challenges and Opportunities
Challenges:
- Supply chain issues
- Technological advancements
- Competitive pressures
Opportunities:
- New markets
- Product innovations
- Strategic partnerships
AI-Based Fundamental Rating
Rating: 8/10
Justification:
- Snap One has a strong financial position, with consistent revenue growth, improving profitability, and a healthy balance sheet.
- The company is well-positioned to benefit from the growing demand for smart home solutions.
- However, Snap One faces competition from established players and emerging startups.
Sources and Disclaimers
Sources:
- Snap One Holdings Corp. investor relations website
- SEC filings
- Industry reports and articles
Disclaimer:
This information is provided for general knowledge and educational purposes only, and does not constitute investment advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Snap One Holdings Corp
Exchange | NASDAQ | Headquaters | Charlotte, NC, United States |
IPO Launch date | 2021-07-28 | CEO & Director | Mr. John H. Heyman |
Sector | Technology | Website | https://snapone.com |
Industry | Electronics & Computer Distribution | Full time employees | 1610 |
Headquaters | Charlotte, NC, United States | ||
CEO & Director | Mr. John H. Heyman | ||
Website | https://snapone.com | ||
Website | https://snapone.com | ||
Full time employees | 1610 |
Snap One Holdings Corp. provides smart-living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts. In addition, the company offers software solutions consisting of OvrC system that provides integrators with a cloud-based remote management and monitoring solution; Control4 OS3 for command and control of smart-living systems; and a subscription-based for end consumers including Parasol, 4Sight, Control4 Connect, and Control4 Assist. It sells its through integrators and distributors, as well as through e-commerce portal. The company was formerly known as Crackle Intermediate Corp. and changed its name to Snap One Holdings Corp. in March 2021. The company was founded in 2005 and is headquartered in Charlotte, North Carolina. As of June 14, 2024, Snap One Holdings Corp. operates as a subsidiary of ADI Global Distribution.
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