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STRC

Sarcos Technology and Robotics NasdaqGM:STRC Stock Report

Last Price

US$2.43

Market Cap

US$369.9m

7D

-14.1%

1Y

-75.8%

Updated

24 Sep, 2022

Data

Company Financials +
STRC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

STRC Stock Overview

Sarcos Corp., a robotics and sensor company, designs, builds, and produces dexterous tele-operated robotic systems.

Sarcos Technology and Robotics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sarcos Technology and Robotics
Historical stock prices
Current Share PriceUS$2.43
52 Week HighUS$10.50
52 Week LowUS$2.33
Beta0
1 Month Change-28.53%
3 Month Change-13.52%
1 Year Change-75.82%
3 Year Changen/a
5 Year Changen/a
Change since IPO-75.03%

Recent News & Updates

Shareholder Returns

STRCUS MachineryUS Market
7D-14.1%-5.4%-5.2%
1Y-75.8%-19.5%-23.1%

Return vs Industry: STRC underperformed the US Machinery industry which returned -19.5% over the past year.

Return vs Market: STRC underperformed the US Market which returned -23.1% over the past year.

Price Volatility

Is STRC's price volatile compared to industry and market?
STRC volatility
STRC Average Weekly Movement9.5%
Machinery Industry Average Movement5.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: STRC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: STRC's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983160Kiva Allgoodhttps://www.sarcos.com

Sarcos Corp., a robotics and sensor company, designs, builds, and produces dexterous tele-operated robotic systems. Its products include Guardian S, an unmanned ground vehicle for security, inspection, and non-destructive testing available in a Robot-as-a-Service offering; Guardian GT, a big arm system or dual-armed human-controlled robot mounted on an agile tracked vehicle base for commercial, industrial, and first responder environments; and Guardian XO, a robot that features an exoskeleton suit; SenSuit controller garment for enhanced teleoperation of the Guardian XT (a highly dexterous mobile robotic system); and humanoid solutions. The company also provides advanced robotic systems for industry, entertainment; medical devices, including artificial limbs and vascular systems; and mechanical and electrical microsystems for practical applications.

Sarcos Technology and Robotics Fundamentals Summary

How do Sarcos Technology and Robotics's earnings and revenue compare to its market cap?
STRC fundamental statistics
Market CapUS$369.92m
Earnings (TTM)-US$113.37m
Revenue (TTM)US$5.91m

62.6x

P/S Ratio

-3.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STRC income statement (TTM)
RevenueUS$5.91m
Cost of RevenueUS$5.62m
Gross ProfitUS$291.00k
Other ExpensesUS$113.66m
Earnings-US$113.37m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.74
Gross Margin4.92%
Net Profit Margin-1,916.93%
Debt/Equity Ratio0%

How did STRC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is STRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STRC?

Other financial metrics that can be useful for relative valuation.

STRC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue36.7x
Enterprise Value/EBITDA-1.8x
PEG Ration/a

Price to Book Ratio vs Peers

How does STRC's PB Ratio compare to its peers?

STRC PB Ratio vs Peers
The above table shows the PB ratio for STRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.4x
LXFR Luxfer Holdings
1.9x22.6%US$398.7m
MKFG Markforged Holding
1.4x7.7%US$385.9m
BGRY Berkshire Grey
4x32.4%US$416.0m
HY Hyster-Yale Materials Handling
2.2x138.4%US$445.5m
STRC Sarcos Technology and Robotics
1.5x12.2%US$369.9m

Price-To-Book vs Peers: STRC is good value based on its Price-To-Book Ratio (1.5x) compared to the peer average (2.4x).


Price to Earnings Ratio vs Industry

How does STRC's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Book vs Industry: STRC is good value based on its Price-To-Book Ratio (1.5x) compared to the US Machinery industry average (2x)


Price to Book Ratio vs Fair Ratio

What is STRC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STRC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate STRC's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of STRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate STRC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate STRC's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Sarcos Technology and Robotics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STRC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: STRC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: STRC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: STRC's revenue (58.9% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: STRC's revenue (58.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if STRC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Sarcos Technology and Robotics performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-434.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: STRC is currently unprofitable.

Growing Profit Margin: STRC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if STRC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare STRC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: STRC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (9.4%).


Return on Equity

High ROE: STRC has a negative Return on Equity (-46.03%), as it is currently unprofitable.


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Financial Health

How is Sarcos Technology and Robotics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: STRC's short term assets ($164.1M) exceed its short term liabilities ($9.8M).

Long Term Liabilities: STRC's short term assets ($164.1M) exceed its long term liabilities ($8.0M).


Debt to Equity History and Analysis

Debt Level: STRC is debt free.

Reducing Debt: STRC had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: STRC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: STRC has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 83.3% each year.


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Dividend

What is Sarcos Technology and Robotics's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate STRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate STRC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STRC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STRC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as STRC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Kiva Allgood (49 yo)

0.75yr

Tenure

US$6,170,728

Compensation

Ms. Kiva A. Allgood serves as President, Chief Executive Officer, Director at Sarcos Technology and Robotics Corporation since December 13, 2021. She serves as an Independent Director of Airgain, Inc. sinc...


CEO Compensation Analysis

Compensation vs Market: Kiva's total compensation ($USD6.17M) is above average for companies of similar size in the US market ($USD2.89M).

Compensation vs Earnings: Insufficient data to compare Kiva's compensation with company performance.


Leadership Team

Experienced Management: STRC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: STRC's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGM:STRC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Jun 22BuyUS$152,727Brian FinnIndividual50,000US$3.11
16 May 22BuyUS$188,607Brian FinnIndividual50,000US$3.82

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.


Top Shareholders

Top 25 shareholders own 72.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.46%
Marc Olivier
14,398,920$35.0m0%no data
9.26%
Fraser Smith
14,089,268$34.2m0%no data
6.44%
Mare's Leg Capital, LLC
9,798,714$23.8m0%no data
5.54%
DIG Investment
8,440,783$20.5m0%no data
5.32%
Martin Söderström
8,093,189$19.7m-28.79%no data
5.22%
Schlumberger Limited
7,939,764$19.3m0%no data
4.27%
Brian Finn
6,507,242$15.8m7.45%no data
4.06%
Jorgen Pedersen
6,184,828$15.0m0%no data
3.58%
BlackRock, Inc.
5,447,046$13.2m140.33%no data
3.23%
General Electric Company
4,916,049$11.9m-15.89%no data
2.97%
Benjamin Wolff
4,527,266$11.0m-68.99%no data
2.95%
Rotor-Sarcos, LLC
4,486,483$10.9m-49.83%no data
1.96%
Dennis Weibling
2,981,106$7.2m0.41%no data
1.93%
The Vanguard Group, Inc.
2,944,936$7.2m68.35%no data
1.49%
Delta Air Lines, Inc.
2,264,695$5.5m0%no data
0.98%
Palantir Technologies Inc., Investment Arm
1,494,168$3.6m-22.96%5.24%
0.84%
Geode Capital Management, LLC
1,286,232$3.1m96.07%no data
0.8%
State Street Global Advisors, Inc.
1,220,874$3.0m932.02%no data
0.77%
MFP Investors LLC
1,178,742$2.9m7.61%0.51%
0.42%
Northern Trust Global Investments
633,096$1.5m524.96%no data
0.33%
Adage Capital Management, L.P.
500,000$1.2m0%no data
0.31%
Charles Schwab Investment Management, Inc.
470,020$1.1m60.79%no data
0.29%
Millennium Management LLC
441,792$1.1m-35.48%no data
0.17%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
263,124$639.4k0%no data
0.12%
BNY Mellon Asset Management
184,799$449.1k604.02%no data

Company Information

Sarcos Technology and Robotics Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Sarcos Technology and Robotics Corporation
  • Ticker: STRC
  • Exchange: NasdaqGM
  • Founded: 1983
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$369.918m
  • Shares outstanding: 152.23m
  • Website: https://www.sarcos.com

Number of Employees


Location

  • Sarcos Technology and Robotics Corporation
  • 650 South 500 West
  • Suite 150
  • Salt Lake City
  • Utah
  • 84101
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STRCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.