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Sonos Inc
NASDAQ:SONO

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Sonos Inc Logo
Sonos Inc
NASDAQ:SONO
Watchlist
Price: 18.96 USD 0.53% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Sonos, Inc. engages in the provision of multi-room wireless smart home sound systems. [ Read More ]

The intrinsic value of one SONO stock under the Base Case scenario is 19.51 USD. Compared to the current market price of 18.96 USD, Sonos Inc is Undervalued by 3%.

Key Points:
SONO Intrinsic Value
Base Case
19.51 USD
Undervaluation 3%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Sonos Inc

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Fundamental Analysis

Sonos Exceeds Q1 Expectations, Maintains Growth Targets
2024-Q1 Earnings Call

Sonos Exceeds Q1 Expectations, Maintains Growth Targets

Sonos reported a strong start to fiscal 2024 with first-quarter revenue surpassing expectations at $612.9 million, maintaining a solid gross margin of 46.1%, and generating $115 million in adjusted EBITDA. Despite subdued home theater sales and a competitive audio streaming market, strategic holiday promotions led to performance boosts and market share gains. This success has laid a foundation for meeting their fiscal year targets of $1.6 to $1.7 billion in revenue, 45% to 46% gross margins, and $150 to $180 million in adjusted EBITDA.

Financials

Balance Sheet Decomposition
Sonos Inc

Current Assets 758.9m
Cash & Short-Term Investments 467.3m
Receivables 80.8m
Other Current Assets 210.7m
Non-Current Assets 351.1m
PP&E 140.7m
Intangibles 173.9m
Other Non-Current Assets 36.6m
Current Liabilities 376m
Accounts Payable 176.4m
Accrued Liabilities 108.2m
Other Current Liabilities 91.5m
Non-Current Liabilities 139.6m
Other Non-Current Liabilities 139.6m
Efficiency
Fundamental Scores

SONO Profitability Score
Profitability Due Diligence

Sonos Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROIC
Positive Gross Profit
Positive Free Cash Flow
Positive 3-Year Average ROE
51/100
Profitability
Score

Sonos Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

SONO Solvency Score
Solvency Due Diligence

Sonos Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Low D/E
High Altman Z-Score
Long-Term Solvency
Short-Term Solvency
55/100
Solvency
Score

Sonos Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SONO Price Targets Summary
Sonos Inc

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

According to Wall Street analysts, the average 1-year price target for SONO is 22.88 USD with a low forecast of 18.79 USD and a high forecast of 26.25 USD.

Lowest
Price Target
18.79 USD
1% Downside
Average
Price Target
22.88 USD
21% Upside
Highest
Price Target
26.25 USD
38% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SONO Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

SONO Price
Sonos Inc

1M 1M
+20%
6M 6M
+40%
1Y 1Y
-4%
3Y 3Y
-54%
5Y 5Y
+80%
10Y 10Y
-5%
Annual Price Range
18.96
52w Low
9.86
52w High
21.78
Price Metrics
Average Annual Return 20.6%
Standard Deviation of Annual Returns 43.99%
Max Drawdown -78%
Shares Statistics
Market Capitalization 2.4B USD
Shares Outstanding 123 843 000
Percentage of Shares Shorted 6.96%

SONO Return Decomposition
Main factors of price return

What is price return decomposition?

SONO News

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Last Important Events
Sonos Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Sonos Inc

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Company Profile

Sonos Inc Logo
Sonos Inc

Country

United States of America

Industry

Consumer products

Market Cap

2.4B USD

Dividend Yield

0%

Description

Sonos, Inc. engages in the provision of multi-room wireless smart home sound systems. The company is headquartered in Santa Barbara, California and currently employs 1,525 full-time employees. The company went IPO on 2018-08-02. The firm offers speakers, portable speakers, home theatre, sets, accessories, architectural, components, and speaker recommender. The firm provides customers with access to voice control, streaming music, Internet radio, podcasts, and audiobook content, enabling them to control and listen to a range of audio entertainment. Through its software platform, the Company enhances the features and services of its products. The Company’s speaker products include wireless speakers and home theater speakers. The Company’s streaming content is available on Apple Music, Pandora, Spotify, and TuneIn.

Contact

CALIFORNIA
Santa Barbara
614 Chapala St
+18059653001.0
http://www.sonos.com

IPO

2018-08-02

Employees

1 525

Officers

CEO, President & Director
Mr. Patrick Spence
Chief Strategy Officer, Chief Legal Officer & Corporate Secretary
Mr. Edward P. Lazarus
Chief People Officer
Ms. Shamayne Braman
Chief Innovation Officer
Mr. Nicholas Millington
Chief Commercial Officer
Ms. Deirdre Findlay
Chief Product Officer
Mr. Maxime Bouvat-Merlin
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Co-Founder and VP of Sales & Marketing
Mr. Thomas Cullen
Chief Financial Officer
Ms. Saori Casey
Senior VP, Chief Accounting Officer, Treasurer & Principal Accounting Officer
Mr. Christopher Scott Mason
Vice President of Corporate Finance
Mr. Michael Groeninger
Show Less

See Also

Discover More
What is the Intrinsic Value of one SONO stock?

The intrinsic value of one SONO stock under the Base Case scenario is 19.51 USD.

Is SONO stock undervalued or overvalued?

Compared to the current market price of 18.96 USD, Sonos Inc is Undervalued by 3%.