NasdaqGS:IRBT

Stock Analysis Report

Executive Summary

iRobot Corporation designs, builds, and sells robots for the consumer market in the United States, Europe, the Middle East, Africa, and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has iRobot's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IRBT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.9%

IRBT

-13.3%

US Consumer Durables

-11.2%

US Market


1 Year Return

-63.0%

IRBT

14.2%

US Consumer Durables

4.1%

US Market

Return vs Industry: IRBT underperformed the US Consumer Durables industry which returned 14.2% over the past year.

Return vs Market: IRBT underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

IRBTIndustryMarket
7 Day-7.9%-13.3%-11.2%
30 Day-4.7%-12.6%-9.5%
90 Day10.2%-6.5%-5.4%
1 Year-63.0%-63.0%15.7%14.2%6.2%4.1%
3 Year-16.3%-16.3%14.1%8.9%30.3%21.9%
5 Year39.9%39.9%25.5%17.1%55.0%38.0%

Price Volatility Vs. Market

How volatile is iRobot's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is iRobot undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IRBT ($48) is trading below our estimate of fair value ($138.25)

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


Price To Earnings Ratio

PE vs Industry: IRBT is poor value based on its PE Ratio (15.8x) compared to the Consumer Durables industry average (11.6x).

PE vs Market: IRBT is good value based on its PE Ratio (15.8x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IRBT is overvalued based on its PB Ratio (2.1x) compared to the US Consumer Durables industry average (1.2x).


Next Steps

Future Growth

How is iRobot forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-41.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRBT's earnings are forecast to decline over the next 3 years (-41.6% per year).

Earnings vs Market: IRBT's earnings are forecast to decline over the next 3 years (-41.6% per year).

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

Revenue vs Market: IRBT's revenue (9.6% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: IRBT's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IRBT's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has iRobot performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRBT has high quality earnings.

Growing Profit Margin: IRBT's current net profit margins (7%) are lower than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: IRBT's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: IRBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IRBT had negative earnings growth (-2.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (9.8%).


Return on Equity

High ROE: IRBT's Return on Equity (13.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is iRobot's financial position?


Financial Position Analysis

Short Term Liabilities: IRBT's short term assets ($594.2M) exceed its short term liabilities ($202.5M).

Long Term Liabilities: IRBT's short term assets ($594.2M) exceed its long term liabilities ($66.2M).


Debt to Equity History and Analysis

Debt Level: IRBT is debt free.

Reducing Debt: IRBT has not had any debt for past 5 years.

Debt Coverage: IRBT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IRBT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: IRBT has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IRBT's debt is covered by short term assets.


Next Steps

Dividend

What is iRobot's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.1%industryaverage2.2%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IRBT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Colin Angle (52yo)

22.7yrs

Tenure

US$5,683,314

Compensation

Mr. Colin M. Angle is a Co-Founder of iRobot Corporation and has been its Chief Executive Officer since June 1997. Mr. Angle has been Special Advisor at Data Point Capital since November 13, 2014. He serve ...


CEO Compensation Analysis

Compensation vs Market: Colin's total compensation ($USD5.68M) is above average for companies of similar size in the US market ($USD3.94M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Colin Angle
Co-Founder22.7yrsUS$5.68m1.14% $15.5m
Alison Dean
Executive VP6.8yrsUS$2.32m0.079% $1.1m
Glen Weinstein
Executive VP7.5yrsUS$1.64m0.12% $1.6m
Russell Campanello
Executive Vice President of Human Resources & Corporate Communications5.9yrsUS$1.40m0.054% $729.3k
Elise Caffrey
Senior Vice President of Investor Relations0yrsno datano data
Timothy Saeger
Executive Vice President of Engineering4.5yrsno data0.017% $234.8k
Keith Hartsfield
Chief Product Officer0.4yrsno datano data
Charles Kirol
Chief Supply Chain Officer0yrsno datano data
Andrew Kramer
Vice President of Investor Relations0yrsno datano data

6.4yrs

Average Tenure

53yo

Average Age

Experienced Management: IRBT's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Colin Angle
Co-Founder22.7yrsUS$5.68m1.14% $15.5m
Deborah Ellinger
Lead Independent Director3.9yrsUS$209.96k0.052% $713.0k
Elisha Finney
Independent Director3.1yrsUS$197.46k0.012% $157.0k
Eva Manolis
Director0.6yrsno datano data
Ruey-Bin Kao
Independent Director1.7yrsUS$245.79k0.0018% $24.5k
Andrew Miller
Independent Director3.4yrsUS$204.96k0.011% $153.8k
Michael Bell
Independent Director3.9yrsUS$204.96k0.010% $136.6k
Michelle Stacy
Independent Director5.5yrsUS$191.21k0.045% $613.4k
Mohamad Ali
Independent Director4.5yrsUS$194.96k0.038% $514.6k

3.9yrs

Average Tenure

58yo

Average Age

Experienced Board: IRBT's board of directors are considered experienced (3.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

iRobot Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: iRobot Corporation
  • Ticker: IRBT
  • Exchange: NasdaqGS
  • Founded: 1990
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: US$1.361b
  • Shares outstanding: 28.35m
  • Website: https://www.irobot.com

Number of Employees


Location

  • iRobot Corporation
  • 8 Crosby Drive
  • Bedford
  • Massachusetts
  • 1730
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IRBTNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 2005
I8RDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2005
I8RXTRA (XETRA Trading Platform)YesCommon SharesDEEURNov 2005
IRBTSWX (SIX Swiss Exchange)YesCommon SharesCHCHFNov 2005
0R38LSE (London Stock Exchange)YesCommon SharesGBUSDNov 2005
IRBTWBAG (Wiener Boerse AG)YesCommon SharesATEURNov 2005
I8RETLX (Eurotlx)YesCommon SharesITEURNov 2005

Biography

iRobot Corporation designs, builds, and sells robots for the consumer market in the United States, Europe, the Middle East, Africa, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; Terra robotic lawn mower products; and Root robots designed to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers. iRobot Corporation was founded in 1990 and is headquartered in Bedford, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/29 02:19
End of Day Share Price2020/02/28 00:00
Earnings2019/12/28
Annual Earnings2019/12/28


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.