NYSE:APRN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Blue Apron Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.1%

APRN

3.2%

US Online Retail

1.8%

US Market


1 Year Return

-59.4%

APRN

9.1%

US Online Retail

7.3%

US Market

Return vs Industry: APRN underperformed the US Online Retail industry which returned 9.1% over the past year.

Return vs Market: APRN underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

APRNIndustryMarket
7 Day-10.1%3.2%1.8%
30 Day-21.0%-2.0%-0.7%
90 Day-9.7%-4.4%0.06%
1 Year-59.4%-59.4%9.2%9.1%9.7%7.3%
3 Yearn/a81.6%81.4%46.3%36.9%
5 Yearn/a176.3%164.6%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Blue Apron 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

Undervalued: APRN ($7.49) is trading below our estimate of fair value ($18.18)

Significantly Undervalued: APRN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APRN is unprofitable, so we can't compare its PE Ratio to the Online Retail 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

Low 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 good value based on its PB Ratio (0.9x) compared to the US Online Retail industry average (2.5x).


Next Steps

Future Growth

How is Blue Apron Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.8%

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 (6.5% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: APRN's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Blue Apron Holdings performed over the past 5 years?

-17.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: APRN is unprofitable, and losses have increased over the past 5 years at a rate of -17.2% 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 Online Retail industry (-15.1%).


Return on Equity

High ROE: APRN has a negative Return on Equity (-63.43%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: APRN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: APRN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Blue Apron Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: APRN's short term assets ($138.9M) exceeds its short term liabilities ($59.7M)

Long Term Liabilities: APRN's short term assets (138.9M) do not cover its long term liabilities (167.4M)


Debt to Equity History and Analysis

Debt Level: APRN's debt to equity ratio (74.1%) is considered high

Reducing Debt: Insufficient data to determine if APRN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: APRN's debt is covered by short term assets (assets are 1.682050x debt).


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 more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if APRN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage1.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


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 APRN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Blue Apron Holdings's salary, the management and board of directors tenure and is there insider trading?

0.5yrs

Average management tenure


CEO

Linda Kozlowski (45yo)

0.5yrs

Tenure

0

Ms. Linda Findley Kozlowski has been President, Chief Executive Officer and Director of Blue Apron Holdings, Inc. since April 8, 2019. Ms. Kozlowski is Director at Ralph Lauren Corp. since August 2, 2018.  ...


Management Age and Tenure

0.5yrs

Average Tenure

46yo

Average Age

Experienced Management: APRN's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

51yo

Average Age

Experienced Board: APRN's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$34,30429 Nov 18
Lainie Cooney
EntityIndividual
Shares2,131.93
Max PriceUS$16.09
SellUS$12,83719 Nov 18
Lainie Cooney
EntityIndividual
Shares755.73
Max PriceUS$16.99

Ownership Breakdown


Management Team

  • Brad Dickerson (54yo)

    • Tenure: 0.5yrs
    • Compensation: US$1.22m
  • Meredith Deutsch (46yo)

    General Counsel & Corporate Secretary

    • Tenure: 0.08yrs
  • Linda Kozlowski (45yo)

    President

    • Tenure: 0.5yrs
  • Tim Bensley

    CFO & Treasurer

    • Tenure: 1.4yrs
    • Compensation: US$1.50m
  • Alan Blake (57yo)

    Chief Operating Officer

    • Tenure: 0.7yrs
  • Matt Wadiak (41yo)

    Founder & Senior Advisor

    • Tenure: 0yrs
  • Louise Ward

    Senior Director of Corporate Affairs & Corporate Communications

    • Tenure: 0yrs
  • Irina Krechmer

    Chief Technology Officer

    • Tenure: 0.3yrs
  • Julie Betancur

    Chief Human Resources Officer

    • Tenure: 0.08yrs

Board Members

  • Bob Goodman (58yo)

    Lead Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$121.47k
  • Brian Kelley (58yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$180.47k
  • Gary Hirshberg (64yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$186.97k
  • Julie M. Bradley (51yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: US$192.97k
  • Matt Salzberg (35yo)

    Co-Founder & Chairman

    • Tenure: 2.3yrs
    • Compensation: US$54.62k
  • Tracy Cool (34yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$183.47k
  • Linda Kozlowski (45yo)

    President

    • Tenure: 0.5yrs

Company Information

Blue Apron Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Blue Apron Holdings, Inc.
  • Ticker: APRN
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$98.013m
  • Shares outstanding: 13.09m
  • Website: https://www.blueapron.com

Number of Employees


Location

  • Blue Apron Holdings, Inc.
  • 40 West 23rd Street
  • New York
  • New York
  • 10010
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
13WADB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 2017
APRNNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJun 2017

Biography

Blue Apron Holdings, Inc. operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provide ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:28
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.