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KPLT

Katapult HoldingsNasdaqGM:KPLT Stock Report

Market Cap

US$318.7m

7D

-16.8%

1Y

-67.9%

Updated

08 Dec, 2021

Data

Company Financials +
KPLT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

KPLT Stock Overview

Katapult Holdings, Inc., an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States.

Katapult Holdings Competitors

Afterpay

ASX:APT

AU$27.8b

Zip Co

ASX:Z1P

AU$2.8b

Sezzle

ASX:SZL

AU$688.5m

Splitit Payments

ASX:SPT

AU$115.0m

Price History & Performance

Summary of all time highs, changes and price drops for Katapult Holdings
Historical stock prices
Current Share PriceUS$3.27
52 Week HighUS$19.65
52 Week LowUS$2.63
Beta0
1 Month Change-23.42%
3 Month Change-46.74%
1 Year Change-67.88%
3 Year Changen/a
5 Year Changen/a
Change since IPO-66.46%

Recent News & Updates

Nov 30

Understanding Katapult's Decline And The Opportunity Ahead

Katapult cut guidance for 2021 due to macro issues as well as prime lenders reaching down the waterfall. However, most of these are short-term issues and Katapult's long-term growth should remain unaffected as e-commerce penetration increases. In addition, Katapult could potentially sign a partnership with Amazon through its relationship with Affirm. Overall, Katapult's current valuation seems to imply very conservative growth and does not reflect its profitable business nor the potential for an Amazon partnership.

Oct 06

Katapult: A Small Win Would Make Big Moves In The Stock As A Lot Of Risks Are Currently Priced In

Katapult has unlocked a large addressable market to serve as 38% of the U.S consumer fall into the non-prime category. Katapult has the leading Artificial Intelligence and machine learning algorithms in the industry allowing them to create a proprietary risk-based model for ecommerce Point of Sale (POS) lease financing. Network effects and ease of scalability are both present in Katapult’s business model. We see an upside of 38.5% with an implied stock price of $5.47.

Sep 25

Katapult: Strong Affirm Results And Potential Amazon Partnership Give Long-Term Potential

Katapult's shares are still slowly recovering from the negative Q2 print and management pulling guidance, despite being bullish just a few weeks prior. Affirm recently reported a very strong end to their fiscal year as the BNPL market continues on its red-hot growth trajectory. Given Katapult's relationship with Affirm, it's not unreasonable to think that Katapult could end up fostering a relationship with Amazon one day. Valuation remains relatively cheap at just over 2x a very conservative 2022 revenue estimate.

Shareholder Returns

KPLTUS Consumer FinanceUS Market
7D-16.8%5.2%1.7%
1Y-67.9%28.3%19.8%

Return vs Industry: KPLT underperformed the US Consumer Finance industry which returned 28.3% over the past year.

Return vs Market: KPLT underperformed the US Market which returned 19.8% over the past year.

Price Volatility

Is KPLT's price volatile compared to industry and market?
KPLT volatility
KPLT Average Weekly Movement15.9%
Consumer Finance Industry Average Movement7.2%
Market Average Movement6.2%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: KPLT is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: KPLT's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aOrlando Zayashttps://www.katapult.com

Katapult Holdings, Inc., an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company’s technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce merchants. The company was formerly known as Cognical Holdings, Inc. and changed its name to Katapult Holdings, Inc. in February 2020.

Katapult Holdings Fundamentals Summary

How do Katapult Holdings's earnings and revenue compare to its market cap?
KPLT fundamental statistics
Market CapUS$318.73m
Earnings (TTM)-US$2.94m
Revenue (TTM)US$303.17m

1.1x

P/S Ratio

-108.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KPLT income statement (TTM)
RevenueUS$303.17m
Cost of RevenueUS$200.39m
Gross ProfitUS$102.78m
ExpensesUS$105.72m
Earnings-US$2.94m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.03
Gross Margin33.90%
Net Profit Margin-0.97%
Debt/Equity Ratio323.5%

How did KPLT perform over the long term?

See historical performance and comparison

Valuation

Is Katapult Holdings 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: KPLT ($3.27) is trading below our estimate of fair value ($7.38)

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


Price To Earnings Ratio

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

PE vs Market: KPLT 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 KPLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KPLT is overvalued based on its PB Ratio (9.6x) compared to the US Consumer Finance industry average (1.5x).


Future Growth

How is Katapult Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-97.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: KPLT's revenue (11.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: KPLT's revenue (11.8% 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 KPLT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Katapult Holdings performed over the past 5 years?

-118.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: KPLT is currently unprofitable.

Growing Profit Margin: KPLT is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: KPLT is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (122.5%).


Return on Equity

High ROE: KPLT has a negative Return on Equity (53.33%), as it is currently unprofitable.


Financial Health

How is Katapult Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: KPLT's short term assets ($175.1M) exceed its short term liabilities ($16.4M).

Long Term Liabilities: KPLT's short term assets ($175.1M) exceed its long term liabilities ($126.9M).


Debt to Equity History and Analysis

Debt Level: KPLT's net debt to equity ratio (22.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if KPLT'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: Whilst unprofitable KPLT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: KPLT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 107% per year.


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if KPLT'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 KPLT'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?

2.2yrs

Average management tenure


CEO

Orlando Zayas (59 yo)

4.25yrs

Tenure

US$8,256,286

Compensation

Mr. Orlando Zayas serves as the Chief Executive Officer at Katapult Holdings, Inc. since September 2017. Mr. Zayas is President and Director of Katapult Holdings, Inc. Mr. Zayas served as President of GE A...


CEO Compensation Analysis

Compensation vs Market: Orlando's total compensation ($USD8.26M) is above average for companies of similar size in the US market ($USD1.74M).

Compensation vs Earnings: Insufficient data to compare Orlando's compensation with company performance.


Leadership Team

Experienced Management: KPLT's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: KPLT's board of directors are not considered experienced ( 2.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Katapult Holdings, Inc.
  • Ticker: KPLT
  • Exchange: NasdaqGM
  • Founded: NaN
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: US$318.735m
  • Shares outstanding: 97.47m
  • Website: https://www.katapult.com

Location

  • Katapult Holdings, Inc.
  • 5204 Tennyson Parkway
  • Suite 500
  • Plano
  • Texas
  • 75024
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/08 00:58
End of Day Share Price2021/12/07 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.