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Resideo Technologies Inc
NYSE:REZI

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Resideo Technologies Inc Logo
Resideo Technologies Inc
NYSE:REZI
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Price: 22.42 USD -0.22% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
REZI Intrinsic Value
Base Case
26.72 USD
Undervaluation 16%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Resideo Technologies Inc

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Fundamental Analysis

Resideo Posts Strong Q4 with Optimistic 2024 Outlook
2023-Q4 Earnings Call

Resideo Posts Strong Q4 with Optimistic 2024 Outlook

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

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.

Positive Gross Profit
Positive 3-Years Revenue Growth
ROE is Increasing
Positive Free Cash Flow
51/100
Profitability
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.

Low D/E
Short-Term Solvency
Long-Term Solvency
Positive Net Debt
50/100
Solvency
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

Wall Street analysts forecast REZI stock price to drop over the next 12 months.

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.

Lowest
Price Target
19.19 USD
14% Downside
Average
Price Target
20.91 USD
7% Downside
Highest
Price Target
23.1 USD
3% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

REZI 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

REZI Price
Resideo Technologies Inc

1M 1M
+0%
6M 6M
+42%
1Y 1Y
+28%
3Y 3Y
-21%
5Y 5Y
+16%
10Y 10Y
-23%
Annual Price Range
22.42
52w Low
14.31
52w High
23
Price Metrics
Average Annual Return 6.35%
Standard Deviation of Annual Returns 53.81%
Max Drawdown -83%
Shares Statistics
Market Capitalization 3.3B USD
Shares Outstanding 145 319 008
Percentage of Shares Shorted 2.49%

REZI Return Decomposition
Main factors of price return

What is price return decomposition?

REZI News

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Company Profile

Resideo Technologies Inc Logo
Resideo Technologies Inc

Country

United States of America

Industry

Building

Market Cap

3.3B USD

Dividend Yield

0%

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

ARIZONA
Scottsdale
16100 N 71st Street, Suite 550
+14805735340.0
https://www.resideo.com/us/en

IPO

2018-10-15

Employees

13 300

Officers

CEO, President & Director
Mr. Jay L. Geldmacher
Executive VP & CFO
Mr. Anthony L. Trunzo
Executive VP, General Counsel & Corporate Secretary
Ms. Jeannine J. Lane
President of ADI Global Distribution
Mr. Robert B. Aarnes
Senior VP & Executive Advisor
Mr. Phillip L. Theodore
Vice President & Chief Accounting Officer
Ms. Tina M. Beskid
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Vice President of Investor Relations
Michael Mercieca
Senior Director of Corporate and Digital Communications
Mr. Trent Perrotto
Chief Human Resources Officer & Executive VP
Mr. Stephen Montgomery Kelly
Executive VP & Chief Revenue Officer
Mr. Dana Edward Huth
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See Also

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

The intrinsic value of one REZI stock under the Base Case scenario is 26.72 USD.

Is REZI stock undervalued or overvalued?

Compared to the current market price of 22.42 USD, Resideo Technologies Inc is Undervalued by 16%.