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SNAP ONE HOLDINGS CORP (SNPO) Stock Fundamental Analysis

NASDAQ:SNPO - Nasdaq - US83303Y1055 - Common Stock - Currency: USD

10.75  +0.01 (+0.09%)

After market: 10.7406 -0.01 (-0.09%)

Fundamental Rating

3

SNPO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 64 industry peers in the Household Durables industry. Both the profitability and financial health of SNPO have multiple concerns. SNPO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year SNPO was profitable.
SNPO had a positive operating cash flow in the past year.
In the past 5 years SNPO always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: SNPO reported negative operating cash flow in multiple years.
SNPO Yearly Net Income VS EBIT VS OCF VS FCFSNPO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 20M -20M 40M -40M 60M 80M

1.2 Ratios

The Return On Assets of SNPO (-1.92%) is worse than 71.21% of its industry peers.
SNPO's Return On Equity of -4.03% is on the low side compared to the rest of the industry. SNPO is outperformed by 66.67% of its industry peers.
With a Return On Invested Capital value of 1.70%, SNPO is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for SNPO is significantly below the industry average of 10.34%.
The last Return On Invested Capital (1.70%) for SNPO is above the 3 year average (1.27%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.92%
ROE -4.03%
ROIC 1.7%
ROA(3y)-1.41%
ROA(5y)-1.63%
ROE(3y)-2.94%
ROE(5y)-3.65%
ROIC(3y)1.27%
ROIC(5y)N/A
SNPO Yearly ROA, ROE, ROICSNPO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 -2 -4

1.3 Margins

SNPO has a worse Operating Margin (2.86%) than 65.15% of its industry peers.
In the last couple of years the Operating Margin of SNPO has grown nicely.
SNPO's Gross Margin of 42.62% is fine compared to the rest of the industry. SNPO outperforms 78.79% of its industry peers.
SNPO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 2.86%
PM (TTM) N/A
GM 42.62%
OM growth 3Y13.67%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.38%
GM growth 5YN/A
SNPO Yearly Profit, Operating, Gross MarginsSNPO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 10 20 30 40

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SNPO is destroying value.
SNPO has more shares outstanding than it did 1 year ago.
The debt/assets ratio for SNPO is higher compared to a year ago.
SNPO Yearly Shares OutstandingSNPO Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 20M 40M 60M
SNPO Yearly Total Debt VS Total AssetsSNPO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.40, we must say that SNPO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SNPO (1.40) is worse than 78.79% of its industry peers.
SNPO has a debt to FCF ratio of 6.07. This is a slightly negative value and a sign of low solvency as SNPO would need 6.07 years to pay back of all of its debts.
SNPO has a Debt to FCF ratio (6.07) which is in line with its industry peers.
A Debt/Equity ratio of 0.67 indicates that SNPO is somewhat dependend on debt financing.
SNPO has a Debt to Equity ratio of 0.67. This is in the lower half of the industry: SNPO underperforms 65.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.07
Altman-Z 1.4
ROIC/WACC0.15
WACC11.4%
SNPO Yearly LT Debt VS Equity VS FCFSNPO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 2.48 indicates that SNPO has no problem at all paying its short term obligations.
SNPO's Current ratio of 2.48 is in line compared to the rest of the industry. SNPO outperforms 50.00% of its industry peers.
A Quick Ratio of 0.77 indicates that SNPO may have some problems paying its short term obligations.
SNPO's Quick ratio of 0.77 is on the low side compared to the rest of the industry. SNPO is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.48
Quick Ratio 0.77
SNPO Yearly Current Assets VS Current LiabilitesSNPO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 100M 200M 300M 400M

3

3. Growth

3.1 Past

The earnings per share for SNPO have decreased strongly by -42.47% in the last year.
SNPO shows a decrease in Revenue. In the last year, the revenue decreased by -3.95%.
SNPO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.23% yearly.
EPS 1Y (TTM)-42.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-425%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y9.23%
Revenue growth 5YN/A
Sales Q2Q%-2.37%

3.2 Future

The Earnings Per Share is expected to grow by 20.74% on average over the next years. This is a very strong growth
Based on estimates for the next years, SNPO will show a small growth in Revenue. The Revenue will grow by 5.23% on average per year.
EPS Next Y-19.5%
EPS Next 2Y20.5%
EPS Next 3Y20.74%
EPS Next 5YN/A
Revenue Next Year2.12%
Revenue Next 2Y4.16%
Revenue Next 3Y5.23%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SNPO Yearly Revenue VS EstimatesSNPO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
SNPO Yearly EPS VS EstimatesSNPO Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 31.62, the valuation of SNPO can be described as expensive.
SNPO's Price/Earnings ratio is a bit more expensive when compared to the industry. SNPO is more expensive than 68.18% of the companies in the same industry.
SNPO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.28.
A Price/Forward Earnings ratio of 14.52 indicates a correct valuation of SNPO.
The rest of the industry has a similar Price/Forward Earnings ratio as SNPO.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, SNPO is valued a bit cheaper.
Industry RankSector Rank
PE 31.62
Fwd PE 14.52
SNPO Price Earnings VS Forward Price EarningsSNPO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SNPO is valued a bit more expensive than the industry average as 60.61% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SNPO indicates a somewhat cheap valuation: SNPO is cheaper than 69.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.01
EV/EBITDA 14
SNPO Per share dataSNPO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

A more expensive valuation may be justified as SNPO's earnings are expected to grow with 20.74% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.5%
EPS Next 3Y20.74%

0

5. Dividend

5.1 Amount

No dividends for SNPO!.
Industry RankSector Rank
Dividend Yield N/A

SNAP ONE HOLDINGS CORP

NASDAQ:SNPO (6/14/2024, 8:00:02 PM)

After market: 10.7406 -0.01 (-0.09%)

10.75

+0.01 (+0.09%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)05-07 2024-05-07/amc
Earnings (Next)08-06 2024-08-06/amc
Inst Owners1.44%
Inst Owner Change0%
Ins Owners0.64%
Ins Owner Change0%
Market Cap822.80M
Analysts75.71
Price Target10.97 (2.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-119.68%
Min EPS beat(2)-259.31%
Max EPS beat(2)19.95%
EPS beat(4)2
Avg EPS beat(4)-54.95%
Min EPS beat(4)-259.31%
Max EPS beat(4)38.12%
EPS beat(8)5
Avg EPS beat(8)7.8%
EPS beat(12)9
Avg EPS beat(12)16.61%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.61%
Min Revenue beat(2)-4.64%
Max Revenue beat(2)-2.58%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-5.16%
Max Revenue beat(4)-1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.71%
Revenue beat(12)4
Avg Revenue beat(12)-0.48%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.71%
PT rev (3m)-3.73%
EPS NQ rev (1m)-4.37%
EPS NQ rev (3m)-6.78%
EPS NY rev (1m)-34.02%
EPS NY rev (3m)-28.36%
Revenue NQ rev (1m)-1.47%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-3.32%
Valuation
Industry RankSector Rank
PE 31.62
Fwd PE 14.52
P/S 0.78
P/FCF 10.01
P/OCF 8.41
P/B 1.11
P/tB N/A
EV/EBITDA 14
EPS(TTM)0.34
EY3.16%
EPS(NY)0.74
Fwd EY6.89%
FCF(TTM)1.07
FCFY9.99%
OCF(TTM)1.28
OCFY11.9%
SpS13.78
BVpS9.65
TBVpS-4.52
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.92%
ROE -4.03%
ROCE 2.15%
ROIC 1.7%
ROICexc 1.75%
ROICexgc 8.58%
OM 2.86%
PM (TTM) N/A
GM 42.62%
FCFM 7.79%
ROA(3y)-1.41%
ROA(5y)-1.63%
ROE(3y)-2.94%
ROE(5y)-3.65%
ROIC(3y)1.27%
ROIC(5y)N/A
ROICexc(3y)1.3%
ROICexc(5y)N/A
ROICexgc(3y)6.89%
ROICexgc(5y)N/A
ROCE(3y)1.6%
ROCE(5y)N/A
ROICexcg growth 3Y-20.86%
ROICexcg growth 5YN/A
ROICexc growth 3Y20.25%
ROICexc growth 5YN/A
OM growth 3Y13.67%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.38%
GM growth 5YN/A
F-Score5
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.07
Debt/EBITDA 5.41
Cap/Depr 25.66%
Cap/Sales 1.49%
Interest Coverage 0.54
Cash Conversion 107.04%
Profit Quality N/A
Current Ratio 2.48
Quick Ratio 0.77
Altman-Z 1.4
F-Score5
WACC11.4%
ROIC/WACC0.15
Cap/Depr(3y)30.35%
Cap/Depr(5y)24.02%
Cap/Sales(3y)1.68%
Cap/Sales(5y)1.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-425%
EPS Next Y-19.5%
EPS Next 2Y20.5%
EPS Next 3Y20.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y9.23%
Revenue growth 5YN/A
Sales Q2Q%-2.37%
Revenue Next Year2.12%
Revenue Next 2Y4.16%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
EBIT growth 1Y32.27%
EBIT growth 3Y24.17%
EBIT growth 5YN/A
EBIT Next Year43.17%
EBIT Next 3Y18.68%
EBIT Next 5YN/A
FCF growth 1Y301.24%
FCF growth 3Y7.19%
FCF growth 5YN/A
OCF growth 1Y431.05%
OCF growth 3Y11.61%
OCF growth 5YN/A