Resideo Technologies Inc
NYSE:REZI
Intrinsic Value
Resideo Technologies, Inc. engages in the provision of critical comfort, thermal and security solutions primarily in residential environments. [ Read More ]
The intrinsic value of one REZI stock under the Base Case scenario is 26.72 USD. Compared to the current market price of 22.42 USD, Resideo Technologies Inc is Undervalued by 16%.
Valuation Backtest
Resideo Technologies Inc
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Fundamental Analysis
Resideo Posts Strong Q4 with Optimistic 2024 Outlook
2023-Q4 Earnings Call
Resideo Technologies outperformed in Q4, driving up operating income by 50% to $147 million and adjusted EBITDA by 11% to $136 million, while revenue dropped by a marginal 1% to $1.54 billion. The company continues to excel in cash generation, turning 89% of GAAP net income into free cash flow over the past 3 years and achieving $440 million in operating cash for the year, marking a record since spin. For 2024, they expect revenue between $6.08 and $6.28 billion, adjusted EBITDA from $560 to $640 million, and non-GAAP EPS between $1.48 and $1.88. The company's relationship with ADT is changing, reducing security hardware sales by approximately $100 million in 2024 but with an immaterial impact on 2025 profitability. Despite challenges like low housing turnover, Resideo is cautiously optimistic, guiding towards low single-digit sales growth and improved margins.
Balance Sheet Decomposition
Resideo Technologies Inc
Current Assets | 2.7B |
Cash & Short-Term Investments | 636m |
Receivables | 973m |
Other Current Assets | 1.1B |
Non-Current Assets | 3.9B |
PP&E | 582m |
Intangibles | 3.2B |
Other Non-Current Assets | 154m |
Current Liabilities | 1.5B |
Accounts Payable | 905m |
Accrued Liabilities | 574m |
Other Current Liabilities | 46m |
Non-Current Liabilities | 2.4B |
Long-Term Debt | 1.4B |
Other Non-Current Liabilities | 975m |
Earnings Waterfall
Resideo Technologies Inc
Revenue
|
6.2B
USD
|
Cost of Revenue
|
-4.5B
USD
|
Gross Profit
|
1.7B
USD
|
Operating Expenses
|
-1.1B
USD
|
Operating Income
|
589m
USD
|
Other Expenses
|
-379m
USD
|
Net Income
|
210m
USD
|
Free Cash Flow Analysis
Resideo Technologies Inc
What is Free Cash Flow?
REZI Profitability Score
Profitability Due Diligence
Resideo Technologies Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
Score
Resideo Technologies Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
REZI Solvency Score
Solvency Due Diligence
Resideo Technologies Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Resideo Technologies Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
REZI Price Targets Summary
Resideo Technologies Inc
According to Wall Street analysts, the average 1-year price target for REZI is 20.91 USD with a low forecast of 19.19 USD and a high forecast of 23.1 USD.
Ownership
REZI Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
REZI Price
Resideo Technologies Inc
Average Annual Return | 6.35% |
Standard Deviation of Annual Returns | 53.81% |
Max Drawdown | -83% |
Market Capitalization | 3.3B USD |
Shares Outstanding | 145 319 008 |
Percentage of Shares Shorted | 2.49% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Resideo Technologies, Inc. engages in the provision of critical comfort, thermal and security solutions primarily in residential environments. The company is headquartered in Scottsdale, Arizona and currently employs 13,300 full-time employees. The company went IPO on 2018-10-15. Its segments include Products & Solutions, and ADI Global Distribution. The Products & Solutions segment consists of comfort, residential thermal, and security products and solutions. Its offerings include temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. ADI Global Distribution segment is a wholesale distributor of low-voltage security products, including intrusion, access control and video products, and participates in the broader related markets of smart home, access control, power, audio, networking, communications, wire and cable, enterprise connectivity and structured wiring products.
Contact
IPO
Employees
Officers
The intrinsic value of one REZI stock under the Base Case scenario is 26.72 USD.
Compared to the current market price of 22.42 USD, Resideo Technologies Inc is Undervalued by 16%.