NYSE:FIT

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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

FITIndustryMarket
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 Year5.2%5.2%31.1%27.9%26.6%23.8%
3 Year25.3%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

Valuation

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

NamePositionTenureCompensationOwnership
James Park
Co-Founder13.33yrsUS$3.86m5.2%
$ 98.3m
Eric Friedman
Co-Founder13.83yrsUS$1.67m4.54%
$ 85.6m
Ronald Kisling
Chief Financial Officer2.58yrsUS$2.18m0.063%
$ 1.2m
Jeffrey Devine
Executive Vice President of Operations3.92yrsUS$1.46m0.032%
$ 599.5k
Andrew Missan
Executive VP7.83yrsUS$1.56m0.060%
$ 1.1m
Thomas Hudson
Vice President of Investor Relations4.17yrsno datano data
Timothy Rosa
Chief Marketing Officer4yrsno datano data
Lisa Gross
Senior Vice President of People3yrsno datano data
Mark Silverio
Senior Vice President of Americas Sales4.08yrsno datano data
Des Power
Senior VP & MD of International4.42yrsno datano data
Amy McDonough
Chief Operating Officer of Health Solutions3yrsno datano data
Dave Quong
Executive Vice President of Business Operations & Strategy3yrsno datano data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Management: FIT's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Park
Co-Founder13.33yrsUS$3.86m5.2%
$ 98.3m
Eric Friedman
Co-Founder13.83yrsUS$1.67m4.54%
$ 85.6m
Laura Alber
Independent Director4.58yrsUS$206.43k0.040%
$ 746.2k
Steven Murray
Lead Independent Directorno dataUS$247.38k0.039%
$ 745.7k
Bradley Fluegel
Independent Director2.83yrsUS$241.53k0.027%
$ 503.8k
Matthew Bromberg
Independent Director2.83yrsUS$208.34k0.026%
$ 497.5k
Glenda Flanagan
Independent Director4.58yrsUS$219.11k0.046%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FITNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJun 2015
5FBDB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 2015
5FBXTRA (XETRA Trading Platform)YesClass A Common StockDEEURJun 2015
0IPCLSE (London Stock Exchange)YesClass A Common StockGBUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 00:15
End of Day Share Price2021/01/13 00:00
Earnings2020/10/03
Annual Earnings2019/12/31


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.