SMARTRENT, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.35 USD | -3.69% |
|
-0.42% | -80.58% |
| Jun. 03 | BTIG Research Adjusts SmartRent Price Target to $4 From $4.30, Maintains Buy Rating | MT |
| May. 08 | Transcript : SmartRent, Inc., Q1 2024 Earnings Call, May 08, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,877 | 482 | 648.1 | 474.3 | - | - |
| Enterprise Value (EV) 1 | 1,446 | 264.5 | 432.4 | 262.4 | 190.6 | 215.3 |
| P/E ratio | -10.1 x | -4.96 x | -18.8 x | -39.2 x | 48.2 x | 33.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 17 x | 2.87 x | 2.74 x | 1.75 x | 1.41 x | 1.22 x |
| EV / Revenue | 13.1 x | 1.58 x | 1.83 x | 0.97 x | 0.57 x | 0.55 x |
| EV / EBITDA | -26 x | -3.54 x | -22.5 x | 40.6 x | 10.4 x | 6.77 x |
| EV / FCF | -20.1 x | -3.22 x | 74.1 x | 50 x | 4.58 x | 4.17 x |
| FCF Yield | -4.97% | -31.1% | 1.35% | 2% | 21.9% | 24% |
| Price to Book | 4.17 x | 1.32 x | 1.87 x | 1.39 x | 1.25 x | 1.25 x |
| Nbr of stocks (in thousands) | 193,864 | 198,348 | 203,155 | 201,828 | - | - |
| Reference price 2 | 9.680 | 2.430 | 3.190 | 2.350 | 2.350 | 2.350 |
| Announcement Date | 3/24/22 | 3/8/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 110.6 | 167.8 | 236.8 | 270.6 | 336.7 | 390.2 |
| EBITDA 1 | - | -55.62 | -74.71 | -19.19 | 6.46 | 18.32 | 31.82 |
| EBIT 1 | - | -71.65 | -104.3 | -43.16 | -21.41 | 1.124 | 11.02 |
| Operating Margin | - | -64.76% | -62.12% | -18.22% | -7.91% | 0.33% | 2.82% |
| Earnings before Tax (EBT) 1 | - | -71.85 | -101.7 | -34.7 | -12.26 | 12.89 | 18.71 |
| Net income 1 | -37.11 | -71.96 | -96.32 | -34.59 | -13.61 | 10.17 | 15.2 |
| Net margin | - | -65.04% | -57.4% | -14.6% | -5.03% | 3.02% | 3.9% |
| EPS 2 | -21.08 | -0.9600 | -0.4900 | -0.1700 | -0.0600 | 0.0488 | 0.0700 |
| Free Cash Flow 1 | - | -71.85 | -82.15 | 5.834 | 5.25 | 41.65 | 51.7 |
| FCF margin | - | -64.94% | -48.95% | 2.46% | 1.94% | 12.37% | 13.25% |
| FCF Conversion (EBITDA) | - | - | - | - | 81.26% | 227.41% | 162.46% |
| FCF Conversion (Net income) | - | - | - | - | - | 409.45% | 340.07% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 5/14/21 | 3/24/22 | 3/8/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34.67 | 37.36 | 42.41 | 47.5 | 40.55 | 65.08 | 53.4 | 58.1 | 60.25 | 50.49 | 53.22 | 78.53 | 84.86 | 74.08 | 78.89 |
| EBITDA 1 | -21.8 | -23.14 | -19.83 | -17.62 | -14.11 | -8.474 | -6.444 | -5.012 | 0.743 | 0.397 | -0.1378 | 3.378 | 3.597 | 3.369 | 3.806 |
| EBIT 1 | -25.91 | -28.3 | -27.01 | -26.66 | -22.27 | -15.29 | -12.09 | -9.947 | -5.831 | -10.16 | -4.753 | -2.703 | -1.348 | -2.056 | -1.181 |
| Operating Margin | -74.73% | -75.76% | -63.7% | -56.13% | -54.92% | -23.5% | -22.63% | -17.12% | -9.68% | -20.12% | -8.93% | -3.44% | -1.59% | -2.78% | -1.5% |
| Earnings before Tax (EBT) 1 | -25.97 | -28.2 | -26.6 | -25.87 | -21.04 | -13.22 | -10.33 | -7.756 | -3.386 | -7.647 | -2.326 | -0.326 | 1.054 | 0.4522 | 1.348 |
| Net income 1 | -25.96 | -23.39 | -25.59 | -25.95 | -21.39 | -13.22 | -10.35 | -7.723 | -3.3 | -7.692 | -2.608 | -0.2556 | 0.5724 | 0.3136 | 1.001 |
| Net margin | -74.88% | -62.62% | -60.34% | -54.63% | -52.75% | -20.31% | -19.38% | -13.29% | -5.48% | -15.24% | -4.9% | -0.33% | 0.67% | 0.42% | 1.27% |
| EPS 2 | -0.1300 | -0.1200 | -0.1300 | -0.1300 | -0.1100 | -0.0700 | -0.0500 | -0.0400 | -0.0200 | -0.0400 | -0.0167 | -0.005000 | -0.004000 | 0.000030 | 0.005710 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/24/22 | 5/11/22 | 8/11/22 | 11/10/22 | 3/8/23 | 5/10/23 | 8/8/23 | 11/7/23 | 3/5/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 431 | 217 | 216 | 212 | 284 | 259 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -71.8 | -82.2 | 5.83 | 5.25 | 41.7 | 51.7 |
| ROE (net income / shareholders' equity) | - | -38.8% | -23.7% | -9.79% | -7.12% | 10.3% | 2.96% |
| ROA (Net income/ Total Assets) | - | -21.1% | -16.9% | -6.46% | 0.76% | 6.45% | - |
| Assets 1 | - | 341.8 | 570.3 | 535.3 | -1,790 | 157.7 | - |
| Book Value Per Share 2 | - | 2.320 | 1.830 | 1.710 | 1.690 | 1.880 | 1.890 |
| Cash Flow per Share 2 | - | -0.9400 | -0.4100 | 0.0300 | 0.3300 | 0.3100 | - |
| Capex 1 | - | 1.47 | 1.11 | 0.15 | 1.9 | 2.34 | 0.2 |
| Capex / Sales | - | 1.33% | 0.66% | 0.06% | 0.7% | 0.7% | 0.05% |
| Announcement Date | 5/14/21 | 3/24/22 | 3/8/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
2.35
USD
Average target price
4.181
USD
Spread / Average Target
+77.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.35% | 30.14B | |
| -26.87% | 25.55B | |
| +18.45% | 9.05B | |
| -10.06% | 5.16B | |
| -27.21% | 2.47B | |
| 0.00% | 2.13B | |
| -28.01% | 1.96B | |
| +79.77% | 1.92B | |
| -11.63% | 1.81B |
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- SMRT Stock
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- Financials SmartRent, Inc.
