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Latch Inc
NASDAQ:LTCH

Watchlist Manager
Latch Inc
NASDAQ:LTCH
Watchlist
Price: 0.9 USD -6.25% Market Closed
Updated: Dec 1, 2022

Intrinsic Value

The intrinsic value of one LTCH stock under the Base Case scenario is 3.59 USD. Compared to the current market price of 0.9 USD, Latch Inc is Undervalued by 75%.

The Intrinsic Value is calculated as the average of the two valuation methods:

LTCH Intrinsic Value
Base Case
3.59 USD
Undervaluation 75%
Intrinsic Value
Price
L
Worst Case
Base Case
Best Case

Fundamental Analysis

LTCH Profitability Score
Profitability Due Diligence

Latch Inc's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative 3-Year Average ROIC
Negative Free Cash Flow
Negative Operating Income
24/100
Profitability
Score

Latch Inc's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

LTCH Solvency Score
Solvency Due Diligence

Latch Inc's solvency score is 78/100. The higher the solvency score, the more solvent the company is.

Average Altman Z-Score
Low D/E
Short-Term Liabilities
Long-Term Liabilities
78/100
Solvency
Score

Latch Inc's solvency score is 78/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
-5%
Gross Margin
-347%
Operating Margin
-356%
Net Margin
-332%
FCF Margin
-58%
ROE
-76%
ROIC
Other

LTCH Capital Structure
Latch Inc

Market Capitalization 128M USD
Total Debt 2.3M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 91M USD
Short-Term Investments 173M USD
Enterprise Value -133.6M USD

Wall St
Price Targets

LTCH Price Targets Summary
Latch Inc

Wall Street analysts forecast LTCH stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for LTCH is 2.98 USD .

Lowest
Price Target
Not Available
Average
Price Target
2.98 USD
231% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

LTCH Competitors
Latch Inc

LTCH Suppliers & Customers
Latch Inc

Latch Inc has 5 key suppliers from 2 countries and 5 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Logistics & Transportation industry.

Latch Inc has 3 key customers from 3 countries and 3 industries. The majority of these customers are located in Canada, with the largest number of customers in the Financial Services industry.

Ownership

LTCH Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 52.97% of the company. Insiders own 19.07%. The biggest insider is Spruce House Partnership Llc (Less than 10% Owner), who owns 6.49% of Latch Inc.

Insiders
19.07%
Institutions
37.27%
Other
43.67%
Insiders
19.07%
Spruce House Partnership Llc
Less than 10% Owner
Ownership
6.4908%
Market Value
8.5M USD
Shares
9 400 023
Lux Ventures Iv, L.p.
10 percent owner
Ownership
4.9913%
Market Value
6.5M USD
Shares
7 228 469
Speyer Robert J.
Director
Ownership
3.7942%
Market Value
4.9M USD
Shares
5 494 798
Schoenfelder Luke
Chief Executive Officer
Ownership
1.2395%
Market Value
1.6M USD
Shares
1 795 003
Hussain Ali
Chief Operating Officer
Ownership
0.8616%
Market Value
1.1M USD
Shares
1 247 776
Mitchell Garth
CFO & Treasurer
Ownership
0.4853%
Market Value
633k USD
Shares
702 827
Jones Michael Brian
Chief Technology Officer
Ownership
0.2822%
Market Value
368k USD
Shares
408 611
Smith J. Allen
Director
Ownership
0.1972%
Market Value
257k USD
Shares
285 650
Schaeffer Barry
Interim CFO and Treasurer
Ownership
0.1409%
Market Value
184k USD
Shares
204 081
Rishi Raju
Director
Ownership
0.1308%
Market Value
170k USD
Shares
189 435
Nakamura Junji
Chief Accounting Officer
Ownership
0.128%
Market Value
167k USD
Shares
185 301
Sugrue Andrew
Director
Ownership
0.1157%
Market Value
151k USD
Shares
167 526
Han Patricia
Director
Ownership
0.1136%
Market Value
148k USD
Shares
164 495
Campbell Peter Andrew James
Director
Ownership
0.0946%
Market Value
123k USD
Shares
136 946
Institutions
37.27%
Back

LTCH Insider Trading
Buy and sell transactions by insiders

Latch Inc insiders have not made purchase/sale transactions in the past 12 months.

During the last 12 months Latch Inc insiders have not bought any shares, and have not sold any shares.

Sold
0-3
months
0 USD
0
3-6
months
0 USD
0
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
No Insider Transactions
0
0 USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
No Insider Transactions
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
N/A
N/A
6 Months
N/A
N/A
N/A
9 Months
N/A
N/A
N/A
12 Months
N/A
N/A
N/A
Purchases
0
Sales
0
Why is insider trading important?

Shareholder Return

LTCH Price
Latch Inc

1M 1M
-26%
6M 6M
-57%
1Y 1Y
-88%
3Y 3Y
-91%
5Y 5Y
-91%
Annual Price Range
0.9
52w Low
0.84
52w High
8.38
Price Metrics
Average Annual Return 1.28%
Standard Deviation of Annual Returns
N/A
Max Drawdown -95%

Company Profile

Latch Inc

Country

United States of America

Industry

Technology

Market Cap

128M USD

Dividend Yield

0%

Description

Latch, Inc. is an enterprise technology company, which provides security systems design and software services. The company is headquartered in New York City, New York and currently employs 440 full-time employees. The company went IPO on 2020-11-10. The firm delivers building operating system, LatchOS, which is designed to address the requirements of modern buildings. The firm's smart access software includes complete resident, building staff, guest, service provider and construction access management. Its delivery and guest management enables visitors to connect with residents or building operators with just a few clicks. Its smart home and sensors enable smart home capabilities for thermostat, lighting, leak detection and other sensor integration, monitoring and centralized device management for building owner and private resident control right in the Latch App. Its connectivity includes Latch Intercom and Latch Hub’s cellular connectivity, which provides Internet access to new and existing building infrastructure from new construction to retrofits. Its personalization and services include Latch-enabled devices in their spaces through the Latch App from the moment they arrive.

Contact

NEW YORK
New York City
508 West 26Th Street, Suite 6G
+19173383915.0

IPO

2020-11-10

Employees

440

Officers

Co-Founder, CEO & Chairman
Mr. Luke Andrew Schoenfelder
Co-Founder & Chief Technology Officer
Mr. Michael Brian Jones
Co-Founder & Chief Design Officer
Mr. Thomas Meyerhoffer
Interim CFO & Treasurer
Mr. Barry Schaeffer
Chief Accounting Officer
Mr. Junji Nakamura

See Also

Similar Stocks
What is the Intrinsic Value of one LTCH stock?

The intrinsic value of one LTCH stock under the Base Case scenario is 3.59 USD.

Is LTCH stock undervalued or overvalued?

Compared to the current market price of 0.9 USD, Latch Inc is Undervalued by 75%.