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GROV

Grove Collaborative Holdings NYSE:GROV Stock Report

Last Price

US$2.24

Market Cap

US$393.9m

7D

-24.6%

1Y

-77.0%

Updated

01 Oct, 2022

Data

Company Financials +
GROV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

GROV Stock Overview

Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States.

Grove Collaborative Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Grove Collaborative Holdings
Historical stock prices
Current Share PriceUS$2.24
52 Week HighUS$12.50
52 Week LowUS$1.92
Beta0
1 Month Change-53.53%
3 Month Change-47.91%
1 Year Change-76.96%
3 Year Changen/a
5 Year Changen/a
Change since IPO-77.26%

Recent News & Updates

Sep 27

Grove continues massive retail expansion

Grove Collaborative Holdings (NYSE:GROV) has announced a notable retail expansion for Grove, its flagship home care brand, with its first drugstore retailer. As the Co. continues to drive omni-channel growth, Grove, which is committed to become 100% plastic-free by 2025, has added its product assortment of zero plastic waste cleaner concentrates, dish soaps, and dishwasher detergent packs to 2,200 additional stores. This retail expansion is the latest milestone in the Company’s ongoing journey to help more consumers adopt a sustainable lifestyle by providing greater access to high-performing and plastic-free products across the country. “By growing our distribution, we’re making it easier for consumers to shop for planet-friendly, high-performing products that do not rely on plastic packaging,” said Stuart Landesberg, co-founder and CEO of Grove Collaborative.

Jul 07

Grove Collaborative climbs 10% on expanding retail footprint

Grove Collaborative (NYSE:GROV) added ~10% in the pre-market Thursday after the firm notifies a significant retail expansion for Grove Co., its home care brand. The company added three retailers - Kohl's (KSS), Giant Eagle and Meijer - as it continues to grow its omnichannel presence. The leading sustainable CPG company increased presence at more than 700 physical locations with the additional retailers while doubling its product assortment at Target (TGT). In recent months, Grove also expanded its retail presence at select Kohl's, Giant Eagle and Meijer store locations with a curated selection of Grove Co.'s cleaning line. The company is committed to becoming 100% plastic-free by 2025.

Shareholder Returns

GROVUS Online RetailUS Market
7D-24.6%-0.4%-2.5%
1Y-77.0%-37.1%-23.2%

Return vs Industry: GROV underperformed the US Online Retail industry which returned -37.1% over the past year.

Return vs Market: GROV underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is GROV's price volatile compared to industry and market?
GROV volatility
GROV Average Weekly Movement33.8%
Online Retail Industry Average Movement10.6%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: GROV is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 34% a week.

Volatility Over Time: GROV's weekly volatility has increased from 22% to 34% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aStu Landesberghttps://www.grove.co

Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides cleaning essentials, such as kitchen and bathroom cleaning products, household cleaners, hand and dish soaps, paper products, and laundry care products; home and pantry products, including home fragrances, bedding and bath products, cookware and dinnerware, and pest control products, as well as trash, recycling, and compost bags; and clean beauty, haircare, skincare, oral care, period care, and kids and personal care products. The company offers health and wellness products, such as air purifiers, condoms, sun care and tanning products, vitamins and supplements, and treatments and preventions products; pet care products; indoor gardening products, garden tools and accessories, grow kits, plant seeds, gardening soils, fertilizers and lawn care products, and insecticides.

Grove Collaborative Holdings Fundamentals Summary

How do Grove Collaborative Holdings's earnings and revenue compare to its market cap?
GROV fundamental statistics
Market CapUS$393.90m
Earnings (TTM)-US$152.18m
Revenue (TTM)US$352.20m

1.1x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GROV income statement (TTM)
RevenueUS$352.20m
Cost of RevenueUS$183.26m
Gross ProfitUS$168.94m
Other ExpensesUS$321.12m
Earnings-US$152.18m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.87
Gross Margin47.97%
Net Profit Margin-43.21%
Debt/Equity Ratio-783.2%

How did GROV perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 GROV?

Other financial metrics that can be useful for relative valuation.

GROV 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/Revenue1x
Enterprise Value/EBITDA-2.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

GROV PS Ratio vs Peers
The above table shows the PS ratio for GROV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
PETS PetMed Express
1.5x3.4%US$395.1m
GCT GigaCloud Technology
0.9xn/aUS$411.3m
FLWS 1-800-FLOWERS.COM
0.2x1.6%US$419.0m
BZUN Baozun
0.3x11.7%US$370.0m
GROV Grove Collaborative Holdings
1.1x1.7%US$393.9m

Price-To-Sales vs Peers: GROV is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does GROV's PE Ratio compare vs other companies in the US Online Retail Industry?

Price-To-Sales vs Industry: GROV is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Online Retail industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is GROV'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.

GROV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: GROV is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate GROV'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: Insufficient data to show price forecast.


Discover undervalued companies

  • Take a look at our analysis of GROV's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Grove Collaborative Holdings regulatory filings.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


51.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: GROV's revenue (1.7% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: GROV's revenue (1.7% 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 GROV's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Grove Collaborative 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


-49.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: GROV is currently unprofitable.

Growing Profit Margin: GROV is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: GROV is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (-34.2%).


Return on Equity

High ROE: GROV's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Grove Collaborative Holdings's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GROV has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GROV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GROV has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GROV's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: GROV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GROV has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.3% each year


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Dividend

What is Grove Collaborative 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

Grove Collaborative Holdings Dividend Yield vs Market
How does Grove Collaborative Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Grove Collaborative Holdings)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Online Retail)1.1%
Analyst forecast in 3 Years (Grove Collaborative Holdings)n/a

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

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

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


Discover strong dividend paying companies

Management

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

1.2yrs

Average management tenure


CEO

Stu Landesberg (36 yo)

0.25yr

Tenure

US$18,642,940

Compensation

Mr. Stuart Landesberg, also known as Stu, Co-Founded Grove Collaborative Holdings, Inc. in 2012 and has been its Chief Executive Officer since 2012 and also serves as its President and Director. He worked...


CEO Compensation Analysis

Stu Landesberg's Compensation vs Grove Collaborative Holdings Earnings
How has Stu Landesberg's remuneration changed compared to Grove Collaborative Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$152m

Mar 31 2022n/an/a

-US$145m

Dec 31 2021US$19mUS$255k

-US$136m

Compensation vs Market: Stu's total compensation ($USD18.64M) is above average for companies of similar size in the US market ($USD2.94M).

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


Leadership Team

Experienced Management: GROV's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: GROV's board of directors are not considered experienced ( 0.3 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.


Recent Insider Transactions

NYSE:GROV Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Sep 22SellUS$242,577Sculptor Capital Management, Inc.Company64,344US$3.77
21 Sep 22SellUS$242,577Sculptor Capital Management, Inc.Company64,344US$3.77
20 Sep 22SellUS$884,000Sculptor Capital Management, Inc.Company175,000US$5.48
20 Sep 22SellUS$24,464Sculptor Capital Management, Inc.Company4,400US$5.56
07 Jul 22SellUS$41,160Sculptor Capital Management, Inc.Company6,000US$6.86
23 Jun 22SellUS$1,289,805Sculptor Capital Management, Inc.Company151,645US$11.53
16 Jun 22BuyUS$66,715,240Virgin Group Holdings LimitedCompany9,421,524US$10.00

Ownership Breakdown

What is the ownership structure of GROV?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders15,378,6878.7%
Hedge Funds21,591,56812.3%
Institutions21,732,60012.4%
Private Companies22,687,11212.9%
VC/PE Firms45,294,34725.8%
General Public49,164,80228.0%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 249.5%.


Top Shareholders

Top 25 shareholders own 71.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.89%
Virgin Group Holdings Limited
22,669,206$50.8m16.89%no data
9.09%
NVP Associates, LLC
15,990,008$35.8m0%23.84%
9.02%
Mayfield Fund, LLC
15,867,361$35.5m8.83%5.33%
7.64%
General Atlantic Service Company, L.P.
13,436,978$30.1m0%0.36%
6.48%
Lone Pine Capital LLC
11,397,381$25.5m8.52%0.3%
5.8%
Sculptor Capital Management, Inc.
10,194,187$22.8m-47.98%0.42%
5.58%
Stuart Landesberg
9,807,070$22.0m992.95%no data
4.66%
MHS Capital Management, LLC
8,193,170$18.4m0%100%
4%
NextView Ventures
7,030,563$15.7m0%no data
1.33%
MHS Capital Management II, LLC
2,342,742$5.2m0%no data
1.03%
Christopher Clark
1,814,554$4.1m453.49%no data
0.99%
StepStone Group Inc.
1,744,065$3.9m0%0.61%
0.82%
Joshua Bayliss
1,444,539$3.2m0%no data
0.74%
Luxor Capital Group, LP
1,298,383$2.9m0%0.2%
0.53%
Delida Costin
935,878$2.1m0%no data
0.43%
Capital Research and Management Company
750,000$1.7m0%no data
0.3%
Jennie Perry
521,039$1.2m0%no data
0.18%
John Replogle
316,615$709.2k-0.09%no data
0.16%
Jonathan Silverman
282,381$632.5k0%no data
0.061%
Peter Michael Norris
106,527$238.6k0%no data
0.057%
Calamos Asset Management, Inc.
100,000$224.0k0%no data
0.047%
Mirae Asset Global Investments Co., Ltd
82,878$185.6k0%no data
0.036%
Sergio Cervantes
63,149$141.5k0%no data
0.035%
Jane Street Group, LLC, Asset Management Arm
61,222$137.1k0%no data
0.033%
Stanford Management Company
58,802$131.7k0%0.01%

Company Information

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


Key Information

  • Name: Grove Collaborative Holdings, Inc.
  • Ticker: GROV
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: US$393.902m
  • Shares outstanding: 175.85m
  • Website: https://www.grove.co

Location

  • Grove Collaborative Holdings, Inc.
  • 1301 Sansome Street
  • San Francisco
  • California
  • 94111
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GROVNYSE (New York Stock Exchange)YesClass A Common StockUSUSDMay 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.