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SOND

Sonder Holdings NasdaqGS:SOND Stock Report

Last Price

US$1.84

Market Cap

US$399.8m

7D

18.7%

1Y

-81.3%

Updated

07 Aug, 2022

Data

Company Financials +
SOND fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

SOND Stock Overview

Sonder Holdings Inc. engages in the hospitality business.

Sonder Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sonder Holdings
Historical stock prices
Current Share PriceUS$1.84
52 Week HighUS$10.88
52 Week LowUS$0.90
Beta0
1 Month Change71.96%
3 Month Change-33.09%
1 Year Change-81.32%
3 Year Changen/a
5 Year Changen/a
Change since IPO-81.26%

Recent News & Updates

Jun 23
Sonder Holdings Inc.'s (NASDAQ:SOND) Intrinsic Value Is Potentially 23% Below Its Share Price

Sonder Holdings Inc.'s (NASDAQ:SOND) Intrinsic Value Is Potentially 23% Below Its Share Price

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Sonder Holdings Inc...

Shareholder Returns

SONDUS HospitalityUS Market
7D18.7%2.7%1.0%
1Y-81.3%-20.1%-12.9%

Return vs Industry: SOND underperformed the US Hospitality industry which returned -20.1% over the past year.

Return vs Market: SOND underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is SOND's price volatile compared to industry and market?
SOND volatility
SOND Average Weekly Movement22.5%
Hospitality Industry Average Movement8.8%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: SOND is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: SOND's weekly volatility has increased from 14% to 23% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,700Francis Davidsonhttps://www.sonder.com

Sonder Holdings Inc. engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and professionals in North America, Europe, and the Middle East. As of December 31, 2021, it had approximately 7,600 live units across 38 markets and 10 countries, as well as approximately 10,500 additional contracted units.

Sonder Holdings Fundamentals Summary

How do Sonder Holdings's earnings and revenue compare to its market cap?
SOND fundamental statistics
Market CapUS$399.85m
Earnings (TTM)-US$196.33m
Revenue (TTM)US$281.85m

1.4x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOND income statement (TTM)
RevenueUS$281.85m
Cost of RevenueUS$401.71m
Gross Profit-US$119.86m
Other ExpensesUS$76.47m
Earnings-US$196.33m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)-0.90
Gross Margin-42.52%
Net Profit Margin-69.66%
Debt/Equity Ratio115.9%

How did SOND perform over the long term?

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

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 SOND?

Other financial metrics that can be useful for relative valuation.

SOND 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/Revenue4.8x
Enterprise Value/EBITDA-5.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SOND's PS Ratio compare to its peers?

SOND PS Ratio vs Peers
The above table shows the PS ratio for SOND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
GHG GreenTree Hospitality Group
2.4x14.5%US$433.8m
BVH Bluegreen Vacations Holding
0.5x0.03%US$446.8m
LIND Lindblad Expeditions Holdings
1.6x24.1%US$451.0m
DESP Despegar.com
1.4x20.1%US$522.0m
SOND Sonder Holdings
1.4x27.2%US$399.8m

Price-To-Sales vs Peers: SOND is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does SOND's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Sales vs Industry: SOND is good value based on its Price-To-Sales Ratio (1.4x) compared to the US Hospitality industry average (1.7x)


Price to Sales Ratio vs Fair Ratio

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

SOND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: SOND is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (1x).


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate SOND'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 and analysts are within a statistically confident range of agreement.


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Future Growth

How is Sonder Holdings 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


11.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SOND's revenue (27.2% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: SOND's revenue (27.2% 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 SOND's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Sonder 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


26.5%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: SOND is currently unprofitable.

Growing Profit Margin: SOND is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: SOND is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (52.6%).


Return on Equity

High ROE: SOND has a negative Return on Equity (-143.02%), as it is currently unprofitable.


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Financial Health

How is Sonder Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SOND's short term assets ($444.7M) exceed its short term liabilities ($229.9M).

Long Term Liabilities: SOND's short term assets ($444.7M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if SOND's debt to equity ratio has reduced 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: SOND has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SOND has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 9.8% each year.


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Dividend

What is Sonder 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Discover strong dividend paying companies

Management

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

0.6yrs

Average management tenure


CEO

Francis Davidson (29 yo)

no data

Tenure

US$3,329,640

Compensation

Mr. Francis Davidson serves as Co-Founder and Chief Executive Officer at Sonder Canada Inc. He serves as Co-Founder and Chief Executive Officer at Sonder Holdings Inc and serves as its Chairman of the Boar...


CEO Compensation Analysis

Compensation vs Market: Francis's total compensation ($USD3.33M) is about average for companies of similar size in the US market ($USD2.70M).

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


Leadership Team

Experienced Management: SOND's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: SOND's board of directors are not considered experienced ( 2.3 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: 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 been substantially diluted in the past year, with total shares outstanding growing by 286.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sonder Holdings Inc.
  • Ticker: SOND
  • Exchange: NasdaqGS
  • Founded: NaN
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: US$399.848m
  • Shares outstanding: 217.31m
  • Website: https://www.sonder.com

Number of Employees


Location

  • Sonder Holdings Inc.
  • 101 15th Street
  • San Francisco
  • California
  • 94103
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 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.