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Arlo Technologies Inc
NYSE:ARLO

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Arlo Technologies Inc Logo
Arlo Technologies Inc
NYSE:ARLO
Watchlist
Price: 10.41 USD 4.52% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Arlo Technologies, Inc. engages in the provision and development of cloud infrastructure and mobile app for smart connected devices. [ Read More ]

The intrinsic value of one ARLO stock under the Base Case scenario is 7.61 USD. Compared to the current market price of 10.41 USD, Arlo Technologies Inc is Overvalued by 27%.

Key Points:
ARLO Intrinsic Value
Base Case
7.61 USD
Overvaluation 27%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Arlo Technologies Inc

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Fundamental Analysis

Arlo Posts Record Earnings and Strong Growth
2023-Q3 Earnings Call

Arlo Posts Record Earnings and Strong Growth

Arlo Technologies showcased a strong financial performance for Q3, with a 16% year-over-year increase in non-GAAP gross profit, hitting $44 million due to their booming Services business. Non-GAAP operating expenses were markedly down from the previous year, attributed to cost-saving initiatives and suspended brand campaigns, with a minor increase in team size to 353. The quarter saw a record non-GAAP net income of $9.6 million, or $0.09 per diluted share. Free cash flow for Q3 stood at $7 million, totaling $28 million year-to-date, significantly surpassing last year's figures. Q4 revenue is projected to be $129 million to $139 million, refining the full-year guidance to $485 million to $495 million. Service revenue is expected to grow by approximately 45% compared to the previous year, with non-GAAP service gross margins anticipated to hit 75% for 2023.

Financials

Balance Sheet Decomposition
Arlo Technologies Inc

Current Assets 261m
Cash & Short-Term Investments 126m
Receivables 70.3m
Other Current Assets 64.7m
Non-Current Assets 36.6m
PP&E 17.9m
Intangibles 11m
Other Non-Current Assets 7.7m
Current Liabilities 186.2m
Accounts Payable 82.5m
Accrued Liabilities 86m
Other Current Liabilities 17.7m
Non-Current Liabilities 21.2m
Other Non-Current Liabilities 21.2m
Efficiency
Fundamental Scores

ARLO Profitability Score
Profitability Due Diligence

Arlo Technologies Inc's profitability score is 27/100. The higher the profitability score, the more profitable the company is.

27/100
Profitability
Score

Arlo Technologies Inc's profitability score is 27/100. The higher the profitability score, the more profitable the company is.

ARLO Solvency Score
Solvency Due Diligence

Arlo Technologies Inc's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
56/100
Solvency
Score

Arlo Technologies Inc's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ARLO Price Targets Summary
Arlo Technologies Inc

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

According to Wall Street analysts, the average 1-year price target for ARLO is 14.08 USD with a low forecast of 11.11 USD and a high forecast of 17.85 USD.

Lowest
Price Target
11.11 USD
7% Upside
Average
Price Target
14.08 USD
35% Upside
Highest
Price Target
17.85 USD
71% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ARLO 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

ARLO Price
Arlo Technologies Inc

1M 1M
+14%
6M 6M
+5%
1Y 1Y
+185%
3Y 3Y
+40%
5Y 5Y
+133%
10Y 10Y
-53%
Annual Price Range
10.41
52w Low
3.57
52w High
11.48
Price Metrics
Average Annual Return 9.02%
Standard Deviation of Annual Returns 51.87%
Max Drawdown -70%
Shares Statistics
Market Capitalization 984.8m USD
Shares Outstanding 94 628 600
Percentage of Shares Shorted 6%

ARLO Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Arlo Technologies Inc Logo
Arlo Technologies Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

984.8m USD

Dividend Yield

0%

Description

Arlo Technologies, Inc. engages in the provision and development of cloud infrastructure and mobile app for smart connected devices. The company is headquartered in Carlsbad, California and currently employs 353 full-time employees. The company went IPO on 2018-08-03. The firm is engaged in product designing, wireless connectivity, cloud infrastructure and cutting-edge artificial intelligent (AI) capabilities focused on delivering a seamless, smart home experience for its users. The Company’s products include Smart Connected Devices, Arlo Essential Indoor Camera, Arlo Go 2 LTE/Wi-Fi Security Camera, Arlo Q and Arlo Q Plus, Arlo Go, Arlo Baby, Arlo Chime, Arlo Ultra, Arlo Pro 3, Arlo Video Doorbell, Arlo Floodlight Camera, Arlo Essential Spotlight, Arlo Ultra 2 and Arlo Essential XL Spotlight. The firm's cloud-based platform provides users with visibility, insight means to help protect and connect in real-time with the people and things that matter, from any location with a wireless fidelity (Wi-Fi) or a cellular connection.

Contact

CALIFORNIA
Carlsbad
2200 Faraday Ave., Suite 150
+14088903900.0
https://www.arlo.com/en-us/

IPO

2018-08-03

Employees

353

Officers

CEO & Director
Mr. Matthew Blake McRae
Chief Financial Officer
Mr. Kurtis Joseph Binder
General Counsel & Corporate Secretary
Mr. Brian Busse
Senior Vice President of Operations
Mr. Vipul Doshi
Chief Information Officer
Ms. Julie Nash
Senior Vice President of Sales, Marketing & Customer Care
Ms. Lily Knowles
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Senior Vice President of Worldwide Human Resources
Ms. Antoinette Switzer
Senior Vice President of Design & Experience
Mr. Scott McManigal
Senior Vice President of Product
Mr. Tim Johnston
Show Less

See Also

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

The intrinsic value of one ARLO stock under the Base Case scenario is 7.61 USD.

Is ARLO stock undervalued or overvalued?

Compared to the current market price of 10.41 USD, Arlo Technologies Inc is Overvalued by 27%.