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MAPS

WM TechnologyNasdaqGS:MAPS Stock Report

Last Price

US$5.00

Market Cap

US$790.7m

7D

-5.8%

1Y

-80.4%

Updated

21 Jan, 2022

Data

Company Financials +
MAPS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance4/6
Financial Health5/6
Dividends0/6

MAPS Stock Overview

WM Technology, Inc. provides SaaS subscription offerings to retailers and brands in the United States and Canadian cannabis markets.

Price History & Performance

Summary of all time highs, changes and price drops for WM Technology
Historical stock prices
Current Share PriceUS$5.00
52 Week HighUS$29.50
52 Week LowUS$4.98
Beta-0.18
1 Month Change-20.51%
3 Month Change-61.42%
1 Year Change-80.35%
3 Year Changen/a
5 Year Changen/a
Change since IPO-49.03%

Recent News & Updates

Jan 05

WM Technology: Extremely Cheap And Still Years Of Growth Ahead

Since the IPO, the company has had to solve some problems and the market has not responded well. WM Technology is an opportunity to bet on the growth of the cannabis market without betting on individual MSOs. In the last 6 months, the stock has lost 66% of its value, which makes the valuation on next year's sales look extremely cheap. The company published a report in November 2021 with interesting insights about the cannabis market in America.

Nov 19

WM Technology: Illicit Market Dilemma

WM Technology posted dismal results for the 3Q of 2021. The company has a promising cannabis marketplace and SaaS business too, focused on the California market impacted by illicit sales. The stock is appealing at $8 due to long-term 30% growth rates, but investors should watch from the sidelines until the stock and business stabilize.

Shareholder Returns

MAPSUS SoftwareUS Market
7D-5.8%-2.1%-4.0%
1Y-80.4%9.6%6.6%

Return vs Industry: MAPS underperformed the US Software industry which returned 9.6% over the past year.

Return vs Market: MAPS underperformed the US Market which returned 6.6% over the past year.

Price Volatility

Is MAPS's price volatile compared to industry and market?
MAPS volatility
MAPS Average Weekly Movement9.0%
Software Industry Average Movement8.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: MAPS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MAPS's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a434Chris Bealshttps://www.weedmaps.com

WM Technology, Inc. provides SaaS subscription offerings to retailers and brands in the United States and Canadian cannabis markets. The company operates Weedmaps listings marketplace that offers consumers with information regarding cannabis retailers and brands, as well as the strain, pricing, and other information regarding cannabis products; and provides WM Business SaaS solution. It also offers information on the cannabis plant, and the industry and advocates for legalization.

WM Technology Fundamentals Summary

How do WM Technology's earnings and revenue compare to its market cap?
MAPS fundamental statistics
Market CapUS$790.68m
Earnings (TTM)US$35.20m
Revenue (TTM)US$183.29m

22.3x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAPS income statement (TTM)
RevenueUS$183.29m
Cost of RevenueUS$7.86m
Gross ProfitUS$175.43m
ExpensesUS$140.24m
EarningsUS$35.20m

Valuation

Is WM Technology 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: MAPS ($5) is trading below our estimate of fair value ($50.04)

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


Price To Earnings Ratio

PE vs Industry: MAPS is good value based on its PE Ratio (22.3x) compared to the US Software industry average (41.9x).

PE vs Market: MAPS is poor value based on its PE Ratio (22.3x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: MAPS is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: MAPS is overvalued based on its PB Ratio (34.9x) compared to the US Software industry average (4.9x).


Future Growth

How is WM Technology forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

39.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAPS's forecast earnings growth (39.4% per year) is above the savings rate (2%).

Earnings vs Market: MAPS's earnings (39.4% per year) are forecast to grow faster than the US market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MAPS's revenue (27.7% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: MAPS's revenue (27.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAPS's Return on Equity is forecast to be very high in 3 years time (56.8%).


Past Performance

How has WM Technology performed over the past 5 years?

25.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAPS has high quality earnings.

Growing Profit Margin: MAPS's current net profit margins (19.2%) are higher than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: MAPS's earnings have grown significantly by 25.9% per year over the past 5 years.

Accelerating Growth: MAPS's earnings growth over the past year (20%) is below its 5-year average (25.9% per year).

Earnings vs Industry: MAPS earnings growth over the past year (20%) underperformed the Software industry 20.5%.


Return on Equity

High ROE: MAPS's Return on Equity (176.9%) is considered outstanding.


Financial Health

How is WM Technology's financial position?


Financial Position Analysis

Short Term Liabilities: MAPS's short term assets ($106.1M) exceed its short term liabilities ($37.9M).

Long Term Liabilities: MAPS's short term assets ($106.1M) do not cover its long term liabilities ($277.3M).


Debt to Equity History and Analysis

Debt Level: MAPS is debt free.

Reducing Debt: MAPS had no debt 5 years ago.

Debt Coverage: MAPS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MAPS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is WM Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.6yrs

Average management tenure


CEO

Chris Beals (41 yo)

0.58

Tenure

US$600,000

Compensation

Mr. Christopher L. Beals, also known as Chris, has been the Chairman, Chief Executive Officer and Director of WM Technology, Inc. (formerly, WM Holding Company, LLC) since June 2021. Mr. Beals served as th...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD600.00K) is below average for companies of similar size in the US market ($USD2.38M).

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


Leadership Team

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


Board Members

Experienced Board: MAPS's board of directors are not considered experienced ( 0.6 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: 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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54080.2%.


Top Shareholders

Company Information

WM Technology, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: WM Technology, Inc.
  • Ticker: MAPS
  • Exchange: NasdaqGS
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$790.677m
  • Market Cap: US$328.387m
  • Shares outstanding: 156.86m
  • Website: https://www.weedmaps.com

Number of Employees


Location

  • WM Technology, Inc.
  • 41 Discovery
  • Irvine
  • California
  • 92618
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:15
End of Day Share Price2022/01/20 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.