Fitbit
Market Cap
US$1.9b
Last Updated
2021/01/15 00:15 UTC
Data Sources
Company Financials +
Executive Summary
Fitbit, Inc., a technology company, provides health solutions in the United States and internationally. More Details
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Fitbit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FIT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FIT's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
FIT
1.3%
US Electronic
2.3%
US Market
1 Year Return
5.2%
FIT
27.9%
US Electronic
23.8%
US Market
Return vs Industry: FIT underperformed the US Electronic industry which returned 26.3% over the past year.
Return vs Market: FIT underperformed the US Market which returned 22% over the past year.
Shareholder returns
| FIT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 1.3% | 2.3% |
| 30 Day | -3.3% | 7.4% | 4.8% |
| 90 Day | -2.1% | 23.6% | 14.5% |
| 1 Year | 5.2%5.2% | 31.1%27.9% | 26.6%23.8% |
| 3 Year | 25.3%25.3% | 42.4%36.4% | 45.0%35.4% |
| 5 Year | -61.9%-61.9% | 168.6%151.3% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is Fitbit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Here's Why We're Not Too Worried About Fitbit's (NYSE:FIT) Cash Burn Situation2 months ago | Simply Wall St
Fitbit's(NYSE:FIT) Share Price Is Down 81% Over The Past Five Years.4 months ago | Simply Wall St
Why Fitbit's (NYSE:FIT) CEO Pay MattersValuation
Is Fitbit undervalued compared to its fair value and its price relative to the market?
4.85x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FIT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FIT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FIT is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: FIT 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 FIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FIT is overvalued based on its PB Ratio (4.9x) compared to the US Electronic industry average (2.7x).
Next Steps
Future Growth
How is Fitbit forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: FIT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: FIT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: FIT's revenue (5.5% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: FIT's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIT is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Fitbit performed over the past 5 years?
-35.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIT is currently unprofitable.
Growing Profit Margin: FIT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FIT is unprofitable, and losses have increased over the past 5 years at a rate of 35% per year.
Accelerating Growth: Unable to compare FIT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FIT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-9.3%).
Return on Equity
High ROE: FIT has a negative Return on Equity (-66.62%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fitbit's financial position?
Financial Position Analysis
Short Term Liabilities: FIT's short term assets ($949.1M) exceed its short term liabilities ($680.0M).
Long Term Liabilities: FIT's short term assets ($949.1M) exceed its long term liabilities ($118.0M).
Debt to Equity History and Analysis
Debt Level: FIT is debt free.
Reducing Debt: FIT had no debt 5 years ago.
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: FIT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FIT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 49.2% each year
Next Steps
Dividend
What is Fitbit current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FIT'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 FIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FIT'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 FIT'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?
4.0yrs
Average management tenure
CEO
James Park (44 yo)
13.33yrs
Tenure
US$3,856,518
Compensation
Mr. James Park is Co-Founder of Fitbit Inc. and has been its Chief Executive Officer and President since September 2007. Mr. Park served as Director of Product Development at CNET Networks, where he led pr...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD3.86M) is about average for companies of similar size in the US market ($USD3.85M).
Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.33yrs | US$3.86m | 5.2% $ 98.3m | |
| Co-Founder | 13.83yrs | US$1.67m | 4.54% $ 85.6m | |
| Chief Financial Officer | 2.58yrs | US$2.18m | 0.063% $ 1.2m | |
| Executive Vice President of Operations | 3.92yrs | US$1.46m | 0.032% $ 599.5k | |
| Executive VP | 7.83yrs | US$1.56m | 0.060% $ 1.1m | |
| Vice President of Investor Relations | 4.17yrs | no data | no data | |
| Chief Marketing Officer | 4yrs | no data | no data | |
| Senior Vice President of People | 3yrs | no data | no data | |
| Senior Vice President of Americas Sales | 4.08yrs | no data | no data | |
| Senior VP & MD of International | 4.42yrs | no data | no data | |
| Chief Operating Officer of Health Solutions | 3yrs | no data | no data | |
| Executive Vice President of Business Operations & Strategy | 3yrs | no data | no data |
4.0yrs
Average Tenure
58yo
Average Age
Experienced Management: FIT's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.33yrs | US$3.86m | 5.2% $ 98.3m | |
| Co-Founder | 13.83yrs | US$1.67m | 4.54% $ 85.6m | |
| Independent Director | 4.58yrs | US$206.43k | 0.040% $ 746.2k | |
| Lead Independent Director | no data | US$247.38k | 0.039% $ 745.7k | |
| Independent Director | 2.83yrs | US$241.53k | 0.027% $ 503.8k | |
| Independent Director | 2.83yrs | US$208.34k | 0.026% $ 497.5k | |
| Independent Director | 4.58yrs | US$219.11k | 0.046% $ 872.5k |
4.6yrs
Average Tenure
52yo
Average Age
Experienced Board: FIT's board of directors are considered experienced (4.6 years average tenure).
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 diluted in the past year, with total shares outstanding growing by 3.9%.
Top Shareholders
Company Information
Fitbit, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fitbit, Inc.
- Ticker: FIT
- Exchange: NYSE
- Founded: 2007
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$1.888b
- Shares outstanding: 272.47m
- Website: https://www.fitbit.com
Number of Employees
Location
- Fitbit, Inc.
- 199 Fremont Street
- 14th Floor
- San Francisco
- California
- 94105
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIT | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jun 2015 |
| 5FB | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jun 2015 |
| 5FB | XTRA (XETRA Trading Platform) | Yes | Class A Common Stock | DE | EUR | Jun 2015 |
| 0IPC | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Jun 2015 |
Biography
Fitbit, Inc., a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Inspire, Fitbit Inspire HR, a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 00:15 |
| End of Day Share Price | 2021/01/13 00:00 |
| Earnings | 2020/10/03 |
| Annual Earnings | 2019/12/31 |
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.