company background image
GPRO

GoPro NasdaqGS:GPRO Stock Report

Last Price

US$5.56

Market Cap

US$874.4m

7D

-6.9%

1Y

-50.3%

Updated

01 Jul, 2022

Data

Company Financials +
GPRO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends0/6

GPRO Stock Overview

GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally.

GoPro Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GoPro
Historical stock prices
Current Share PriceUS$5.56
52 Week HighUS$12.14
52 Week LowUS$5.41
Beta1.06
1 Month Change-18.24%
3 Month Change-34.89%
1 Year Change-50.27%
3 Year Change0.18%
5 Year Change-30.33%
Change since IPO-82.26%

Recent News & Updates

Jun 07

GoPro: Forget The Revenue Guidance, Buy The Gross Margins

The market punished GoPro after its revenue guidance for Q2 showed a low-single-digit decline year-over-year. But, the company will expand gross margins year-over-year in the face of declining revenue, proving its strengthening subscription revenue business. GoPro's valuation is already at lows with a single-digit P/E and under one P/S ratio, proving the market has already priced in weakness while gross margins expand.

Jun 01

GoPro Appears To Be A Value Trap

Despite the significant price drop year-to-date, GoPro’s valuation still does not appear to be attractive. Stagnating revenue over the last five-year period, together with increasing competition, make the growth potential of the firm questionable. Macroeconomic headwinds can negatively impact the firm’s financial performance in the near term. Currently, we rate GoPro’s stock as a “sell”.

Shareholder Returns

GPROUS Consumer DurablesUS Market
7D-6.9%0.8%-2.5%
1Y-50.3%-31.4%-21.2%

Return vs Industry: GPRO underperformed the US Consumer Durables industry which returned -34.7% over the past year.

Return vs Market: GPRO underperformed the US Market which returned -21.7% over the past year.

Price Volatility

Is GPRO's price volatile compared to industry and market?
GPRO volatility
GPRO Average Weekly Movement8.8%
Consumer Durables Industry Average Movement8.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
2002766Nick Woodmanhttps://www.gopro.com

GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company offers cloud connected HERO10 Black, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription provides access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera. It also offers mounts and accessories comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable consumers to wear the mount on their bodies, such as wrist housings, magnetic swivel clips, chest harnesses, and head straps; media, display, and light mods; spare batteries, dive filters, and charging accessories and cables; and lifestyle gears.

GoPro Fundamentals Summary

How do GoPro's earnings and revenue compare to its market cap?
GPRO fundamental statistics
Market CapUS$874.45m
Earnings (TTM)US$387.02m
Revenue (TTM)US$1.17b

2.3x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPRO income statement (TTM)
RevenueUS$1.17b
Cost of RevenueUS$685.15m
Gross ProfitUS$488.96m
Other ExpensesUS$101.93m
EarningsUS$387.02m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.46
Gross Margin41.64%
Net Profit Margin32.96%
Debt/Equity Ratio44.7%

How did GPRO perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GPRO 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/Revenue0.6x
Enterprise Value/EBITDA5.8x
PEG Ratio-0.09x

Price to Earnings Ratio vs Peers

How does GPRO's PE Ratio compare to its peers?

GPRO PE Ratio vs Peers
The above table shows the PE ratio for GPRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.9x
SONO Sonos
16.2x24.0%US$2.3b
KOSS Koss
50.5xn/aUS$61.3m
GRMN Garmin
17.7x8.9%US$19.0b
DFH Dream Finders Homes
7.3x29.7%US$1.0b
GPRO GoPro
2.3x-25.7%US$874.4m

Price-To-Earnings vs Peers: GPRO is good value based on its Price-To-Earnings Ratio (2.3x) compared to the peer average (22.9x).


Price to Earnings Ratio vs Industry

How does GPRO's PE Ratio compare vs other companies in the US Consumer Durables Industry?

Price-To-Earnings vs Industry: GPRO is good value based on its Price-To-Earnings Ratio (2.3x) compared to the US Consumer Durables industry average (6.9x)


Price to Earnings Ratio vs Fair Ratio

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

GPRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.3x
Fair PE Ratio5.3x

Price-To-Earnings vs Fair Ratio: GPRO is good value based on its Price-To-Earnings Ratio (2.3x) compared to the estimated Fair Price-To-Earnings Ratio (5.3x).


Share Price vs Fair Value

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

Below Fair Value: GPRO ($5.56) is trading below our estimate of fair value ($28.44)

Significantly Below Fair Value: GPRO is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: GPRO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Discover undervalued companies

Future Growth

How is GoPro forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-25.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPRO's earnings are forecast to decline over the next 3 years (-25.7% per year).

Earnings vs Market: GPRO's earnings are forecast to decline over the next 3 years (-25.7% per year).

High Growth Earnings: GPRO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GPRO's revenue (3.3% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: GPRO's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GPRO's Return on Equity is forecast to be high in 3 years time (21.7%)


Discover growth companies

Past Performance

How has GoPro performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


74.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GPRO has a high level of non-cash earnings.

Growing Profit Margin: GPRO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GPRO has become profitable over the past 5 years, growing earnings by 74.2% per year.

Accelerating Growth: GPRO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GPRO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (39.2%).


Return on Equity

High ROE: GPRO's Return on Equity (65.3%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is GoPro's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GPRO's short term assets ($666.8M) exceed its short term liabilities ($358.3M).

Long Term Liabilities: GPRO's short term assets ($666.8M) exceed its long term liabilities ($194.9M).


Debt to Equity History and Analysis

Debt Level: GPRO has more cash than its total debt.

Reducing Debt: GPRO's debt to equity ratio has increased from 0.4% to 44.7% over the past 5 years.

Debt Coverage: GPRO's debt is well covered by operating cash flow (68.3%).

Interest Coverage: GPRO's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is GoPro 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate GPRO'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 GPRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GPRO'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 GPRO has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.0yrs

Average management tenure


CEO

Nick Woodman (47 yo)

18.33yrs

Tenure

US$5,110,365

Compensation

Mr. Nicholas D. Woodman, also known as Nick, founded GoPro, Inc. in 2004 and has been its Chief Executive Officer since February 2004. Mr. Woodman is the Founder of General Things, Inc. and serves as its C...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD5.11M) is about average for companies of similar size in the US market ($USD4.03M).

Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GPRO's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: GPRO's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GPRO insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

GoPro, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: GoPro, Inc.
  • Ticker: GPRO
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Implied Market Cap: US$874.448m
  • Shares outstanding: 157.27m
  • Website: https://www.gopro.com

Number of Employees


Location

  • GoPro, Inc.
  • 3025 Clearview Way
  • San Mateo
  • California
  • 94402
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
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.