Blue Apron Holdings (NYSE:APRN) - Share price, News & Analysis

APRN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

APRN Stock Overview

Blue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients.

Rewards

Revenue is forecast to grow 13.36% per year

Risk Analysis

Highly volatile share price over the past 3 months

Shareholders have been substantially diluted in the past year

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

Blue Apron Holdings Competitors

Amazon.com

NasdaqGS:AMZN

US$1.2t

HelloFresh

XTRA:HFG

€6.7b

Marley Spoon

ASX:MMM

AU$114.9m

iPic Entertainment

OTCPK:IPIC

US$1.1k

Price History & Performance

Summary of all time highs, changes and price drops for Blue Apron Holdings
Historical stock prices
Current Share Price	US$3.68
52 Week High	US$12.76
52 Week Low	US$2.85
Beta	-2.96
1 Month Change	-11.33%
3 Month Change	-42.32%
1 Year Change	-14.82%
3 Year Change	-67.17%
5 Year Change	n/a
Change since IPO	-97.55%

Recent News & Updates

Apr 28

Blue Apron: This Sinking Ship Is Going Under

Shares of Blue Apron have shed half of their value this year as fundamental performance has continued to deteriorate. Revenue declines continued to worsen, held up only by ASP improvements that are insufficient to absorb cost increases. A rise in both raw food material prices as well as wages has deeply cut into the company's gross and adjusted EBITDA margins. The company's strategy to invest more in marketing in 2022 may not pan out as planned.

Shareholder Returns

	APRN	US Consumer Retailing	US Market
7D	13.2%	-0.8%	-2.5%
1Y	-14.8%	11.1%	-10.4%

Return vs Industry: APRN underperformed the US Consumer Retailing industry which returned 11.1% over the past year.

Return vs Market: APRN underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is APRN's price volatile compared to industry and market?
APRN volatility
APRN Average Weekly Movement	16.8%
Consumer Retailing Industry Average Movement	6.6%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	2.8%

Stable Share Price: APRN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: APRN's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2012	2,010	Linda Kozlowski	https://www.blueapron.com

Blue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals.

Blue Apron Holdings Fundamentals Summary

How do Blue Apron Holdings's earnings and revenue compare to its market cap?
APRN fundamental statistics
Market Cap	US$127.34m
Earnings (TTM)	-US$111.11m
Revenue (TTM)	US$458.42m

0.3x

P/S Ratio

-1.1x

P/E Ratio

Is APRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
APRN income statement (TTM)
Revenue	US$458.42m
Cost of Revenue	US$299.66m
Gross Profit	US$158.76m
Other Expenses	US$269.87m
Earnings	-US$111.11m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-3.21
Gross Margin	34.63%
Net Profit Margin	-24.24%
Debt/Equity Ratio	54.6%

How did APRN perform over the long term?

See historical performance and comparison

Valuation

Is Blue Apron Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

2.41x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: APRN is unprofitable, so we can't compare its PE Ratio to the US Consumer Retailing industry average.

PE vs Market: APRN is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APRN's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: APRN is overvalued based on its PB Ratio (2.4x) compared to the US Consumer Retailing industry average (2.1x).

Future Growth

How is Blue Apron Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

51.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: APRN's revenue (13.4% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: APRN's revenue (13.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

Past Performance

How has Blue Apron Holdings 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

23.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: APRN is currently unprofitable.

Growing Profit Margin: APRN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: APRN is unprofitable, but has reduced losses over the past 5 years at a rate of 23% per year.

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

Earnings vs Industry: APRN is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (1.5%).

Return on Equity

High ROE: APRN has a negative Return on Equity (-210.67%), as it is currently unprofitable.

Financial Health

How is Blue Apron Holdings'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: APRN's short term assets ($103.4M) exceed its short term liabilities ($86.3M).

Long Term Liabilities: APRN's short term assets ($103.4M) exceed its long term liabilities ($72.9M).

Debt to Equity History and Analysis

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

Reducing Debt: APRN's debt to equity ratio has reduced from 1410.9% to 54.6% over the past 5 years.

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: APRN has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: APRN is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.

Dividend

What is Blue Apron Holdings'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
Future Dividend Coverage

Dividend Yield vs Market

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

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

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

Next Steps

Explore strong dividend paying companies in the Consumer Retailing industry.

Management

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

2.0yrs

Average management tenure

CEO

Linda Kozlowski (47 yo)

3.08yrs

Tenure

US$1,357,274

Compensation

Ms. Linda Findley Kozlowski has been President, Chief Executive Officer and Director of Blue Apron Holdings, Inc. since April 8, 2019. Ms. Kozlowski has been Director at Ralph Lauren Corp. since August 2,...

CEO Compensation Analysis

Compensation vs Market: Linda's total compensation ($USD1.36M) is above average for companies of similar size in the US market ($USD771.12K).

Compensation vs Earnings: Linda's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: APRN's management team is considered experienced (2 years average tenure).

Board Members

Experienced Board: APRN's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Ownership

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

Insider Trading Volume

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

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 91.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/14 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31