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Snap One Holdings Corp.NasdaqGS:SNPO Stock Report

Market Cap US$823.8m
Share Price
n/a
My Fair Value
n/a
1Y22.6%
7D0%
1D
Portfolio Value
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Snap One Holdings Corp.

NasdaqGS:SNPO Stock Report

Market Cap: US$823.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Snap One Holdings (SNPO) Stock Overview

Provides smart-living solutions in the United States and internationally. More details

SNPO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 18.5% below our estimate of its fair value

Risk Analysis

Volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years


SNPO Community Fair Values

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Snap One Holdings Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Snap One Holdings
Historical stock prices
Current Share PriceUS$10.75
52 Week HighUS$12.06
52 Week LowUS$6.70
Beta1.1
1 Month Change1.03%
3 Month Change35.56%
1 Year Change22.58%
3 Year Changen/a
5 Year Changen/a
Change since IPO-35.05%

Recent News & Updates

Seeking Alpha • May 05

Snap One: Shares Now Worth At Least $10.75 A Share Post Acquisition Announcement

Summary Snap One Holdings Corp. shares are expected to continue trading at the buyout price of $10.75 per share. Forward-looking earnings revisions for Snap One remain bullish, with expected bottom-line growth surpassing 16% for fiscal 2024. Snap One's value continues to be grow through ongoing product launches, improved omnichannel presence, and strong relationships with integrators. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 05

Snap One: Shares Now Worth At Least $10.75 A Share Post Acquisition Announcement

Summary Snap One Holdings Corp. shares are expected to continue trading at the buyout price of $10.75 per share. Forward-looking earnings revisions for Snap One remain bullish, with expected bottom-line growth surpassing 16% for fiscal 2024. Snap One's value continues to be grow through ongoing product launches, improved omnichannel presence, and strong relationships with integrators. Read the full article on Seeking Alpha
Analysis Article • Apr 05

Investors Appear Satisfied With Snap One Holdings Corp.'s (NASDAQ:SNPO) Prospects As Shares Rocket 26%

Snap One Holdings Corp. ( NASDAQ:SNPO ) shares have had a really impressive month, gaining 26% after a shaky period...
Analysis Article • Apr 02

Snap One Holdings (NASDAQ:SNPO) Is Doing The Right Things To Multiply Its Share Price

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Feb 05

These 4 Measures Indicate That Snap One Holdings (NASDAQ:SNPO) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Dec 22

Revenues Tell The Story For Snap One Holdings Corp. (NASDAQ:SNPO) As Its Stock Soars 26%

Snap One Holdings Corp. ( NASDAQ:SNPO ) shares have had a really impressive month, gaining 26% after a shaky period...
Analysis Article • Dec 15

Is Now The Time To Look At Buying Snap One Holdings Corp. (NASDAQ:SNPO)?

Snap One Holdings Corp. ( NASDAQ:SNPO ), is not the largest company out there, but it received a lot of attention from...
Analysis Article • Oct 24

We Like These Underlying Return On Capital Trends At Snap One Holdings (NASDAQ:SNPO)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Sep 13

Market Cool On Snap One Holdings Corp.'s (NASDAQ:SNPO) Revenues

With a median price-to-sales (or "P/S") ratio of close to 0.6x in the Consumer Durables industry in the United States...
Analysis Article • May 20

Snap One Holdings (NASDAQ:SNPO) Might Have The Makings Of A Multi-Bagger

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Feb 06

Estimating The Intrinsic Value Of Snap One Holdings Corp. (NASDAQ:SNPO)

Does the February share price for Snap One Holdings Corp. ( NASDAQ:SNPO ) reflect what it's really worth? Today, we...
Analysis Article • Jan 15

Snap One Holdings (NASDAQ:SNPO) Is Doing The Right Things To Multiply Its Share Price

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Aug 31

Snap One Holdings' (NASDAQ:SNPO) Returns On Capital Are Heading Higher

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Seeking Alpha • Aug 24

Snap One Holdings Grows But Stock May Be Fully Valued

Summary Snap One Holdings went public in July 2021, raising approximately $249 million in a U.S. IPO. The firm provides hardware and software to smart home systems integrators in the U.S. SNPO has grown revenue and produces operating profit but faces an uncertain macro environment, inflationary pressures and the stock may be fully valued. I'm Neutral on SNPO until we gain more visibility on various factors affecting its outlook. A Quick Take On Snap One Holdings Snap One Holdings (SNPO) went public in July 2021, raising approximately $249 million in gross proceeds from an IPO that was priced at $18.00 per share. The firm provides a range of smart home products, software and services to professional integration companies. We're in a period where it is difficult to ascertain which direction the economy will take as well as whether the recent cost of capital rises will taper off. Until we have greater clarity on these issues, my outlook on SNPO is on Hold for now. Snap One Holdings Overview Draper, Utah-based Snap One was founded to develop a large network of system integrators who sell and install home technology and smart living offerings. Management is headed by Chief Executive Officer, John Heyman, who has been with the firm since January 2015 and was previously CEO of Radiant Systems, a technology provider to hospitality and retail companies. The company has over 2,800 proprietary SKUs and a curated set of third-party products, such as: Home entertainment Audio systems Home security Smart lighting Networking products Control solutions The firm seeks relationships with systems resellers, integrators and end consumers for certain products. The company also offers a subscription service to consumers that enables them to control and monitor their homes remotely. Snap One's Market & Competition According to a 2021 market research report by Mordor Intelligence, the global smart home market was valued at an estimated $79 billion in 2020 and is expected to grow to $314 billion by 2026. This represents a forecast CAGR of 25.3% from 2021 to 2026. The main drivers for this expected growth are an increasing interoperability between products and systems and a growing use of the home for multiple purposes by consumers. Also, a continued drop in the price of Internet of Things products will incentivize users to purchase a greater variety of products over time. Major competitive or other industry participants include: Alarm.com Google Amazon Apple Crestron Logitech Savant Sonos Ubiquiti Others Snap One's Recent Financial Performance Total revenue by quarter has grown over the past five quarters, as the chart shows here: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has recently started growing again: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have varied as follows: 5 Quarter SG&A % Of Revenue (Seeking Alpha) Operating income by quarter has been positive in four of the past five quarters: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have remained negative in recent reporting periods: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, SNPO's stock price has dropped 40.8% vs. the U.S. S&P 500 Index's drop of around 7.4%, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For Snap One Holdings Below is a table of relevant capitalization and valuation figures for the company: Measure ((TTM)) Amount Enterprise Value/Sales 1.27 Revenue Growth Rate 19.7% Net Income Margin -3.0% GAAP EBITDA % 6.8% Market Capitalization $894,320,000 Enterprise Value $1,400,000 Operating Cash Flow -$45,350,000 Earnings Per Share (Fully Diluted) -$0.47 (Source - Seeking Alpha) Below is an estimated DCF (Discounted Cash Flow) analysis of the firm's projected growth and earnings: SNPO DCF (GuruFocus) Assuming generous DCF parameters, the firm's shares would be valued at approximately $11.86 versus the current price of $11.79, indicating they are potentially currently fully valued, with the given earnings, growth and discount rate assumptions of the DCF. Commentary On Snap One Holdings In its last earnings call (Source - Seeking Alpha), covering Q2 2022's results, management highlighted its network of approximately 20,000 integrators for distribution of its products and proprietary software to residential and commercial customers. However, the company has seen the negative impacts of supply chain disruption and inflation on its inventory and cost structure, although the company was able to pass through a price increase in June. Management has expanded its efforts in adjacent growth markets such as commercial and security and continues to grow its omnichannel coverage by investing in its local branch network, which reached 32 locations at the end of the quarter.
Analysis Article • Mar 24

Snap One Holdings Corp. (NASDAQ:SNPO) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a mediocre week for Snap One Holdings Corp. ( NASDAQ:SNPO ) shareholders, with the stock dropping 10% to...
Analysis Article • Nov 23

Estimating The Intrinsic Value Of Snap One Holdings Corp. (NASDAQ:SNPO)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Snap One Holdings...
Seeking Alpha • Aug 01

Snap One: Smarter Homes, Smarter Investment?

Snap One has gone public in an offering which was not well received by the market, after pricing was quite soft already. The company is well positioned and plays a consolidating role in distributing and developing smarter home technological products. The potential is there, but there are some execution and competitive risks as well. Following a lackluster public offering, valuation multiples are still quite reasonable, as I look forward to learning more about the numbers in the quarters to come.

Shareholder Returns

SNPOUS Consumer DurablesUS Market
7D0%4.4%0.9%
1Y22.6%14.2%24.5%

Return vs Industry: SNPO underperformed the US Consumer Durables industry which returned 23.7% over the past year.

Return vs Market: SNPO exceeded the US Market which returned 20.8% over the past year.

Price Volatility

Is SNPO's price volatile compared to industry and market?
SNPO volatility
SNPO Average Weekly Movement10.4%
Consumer Durables Industry Average Movement7.3%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: SNPO's share price has been volatile over the past 3 months.

Volatility Over Time: SNPO's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20051,610John Heymansnapone.com

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.

Snap One Holdings Corp. Fundamentals Summary

How do Snap One Holdings's earnings and revenue compare to its market cap?
SNPO fundamental statistics
Market capUS$823.75m
Earnings (TTM)-US$29.75m
Revenue (TTM)US$1.06b
0.8x
P/S Ratio
-27.7x
P/E Ratio

Is SNPO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SNPO income statement (TTM)
RevenueUS$1.06b
Cost of RevenueUS$605.46m
Gross ProfitUS$449.56m
Other ExpensesUS$479.31m
Earnings-US$29.75m

Last Reported Earnings

Mar 29, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.39
Gross Margin42.61%
Net Profit Margin-2.82%
Debt/Equity Ratio67.6%

How did SNPO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/17 00:47
End of Day Share Price 2024/06/17 00:00
Earnings2024/03/29
Annual Earnings2023/12/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Snap One Holdings Corp. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ketan MamtoraBMO Capital Markets Equity Research
Brian RuttenburImperial Capital
Stephen VolkmannJefferies LLC