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SmartRent Inc
NYSE:SMRT

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SmartRent Inc Logo
SmartRent Inc
NYSE:SMRT
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Price: 2.36 USD -5.22% Market Closed
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one SMRT stock under the Base Case scenario is 4.86 USD. Compared to the current market price of 2.36 USD, SmartRent Inc is Undervalued by 51%.

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

SMRT Intrinsic Value
Base Case
4.86 USD
Undervaluation 51%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

SMRT Profitability Score
Profitability Due Diligence

SmartRent Inc's profitability score is 26/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative 3-Year Average ROIC
Negative 3-Years Revenue Growth
Negative Operating Income
26/100
Profitability
Score

SmartRent Inc's profitability score is 26/100. The higher the profitability score, the more profitable the company is.

SMRT Solvency Score
Solvency Due Diligence

SmartRent Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Low Interest Coverage
Low Altman Z-Score
Long-Term Liabilities
Short-Term Liabilities
50/100
Solvency
Score

SmartRent Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
-4%
Gross Margin
-65%
Operating Margin
-62%
Net Margin
-69%
FCF Margin
-24%
ROE
-45%
ROIC
Other

SMRT Capital Structure
SmartRent Inc

Market Capitalization 468M USD
Total Debt 0 USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 210M USD
Short-Term Investments 0 USD
Enterprise Value 258M USD

Wall St
Price Targets

SMRT Price Targets Summary
SmartRent Inc

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

According to Wall Street analysts, the average 1-year price target for SMRT is 5.43 USD with a low forecast of 2.83 USD and a high forecast of 6.3 USD.

Lowest
Price Target
2.83 USD
20% Upside
Average
Price Target
5.43 USD
130% Upside
Highest
Price Target
6.3 USD
167% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

SMRT Competitors
SmartRent Inc

SMRT Suppliers & Customers
SmartRent Inc

There is no information about
SmartRent Inc
key suppliers

SmartRent Inc has 8 key customers from 1 countries and 5 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Ownership

SMRT Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 67.26% of the company. Insiders own 33.87%. The biggest insider is Bain Capital Venture Investors, Llc (10 percent owner), who owns 9.93% of SmartRent Inc.

Insiders
33.87%
Institutions
39.63%
Other
26.49%
Insiders
33.87%
Bain Capital Venture Investors, Llc
10 percent owner
Ownership
9.9276%
Market Value
46.3M USD
Shares
19 630 624
Haldeman Lucas Merwan
Chief Executive Officer
Ownership
5.605%
Market Value
26.2M USD
Shares
11 083 191
Fifth Wall Acquisition Sponsor, Llc
Former 10% Owner
Ownership
4.8188%
Market Value
22.5M USD
Shares
9 528 500
Wallace Brendan
Former Director and Officer
Ownership
4.8188%
Market Value
22.5M USD
Shares
9 528 500
Mykhaylovskyy Andriy
Former Director and Officer
Ownership
4.8188%
Market Value
22.5M USD
Shares
9 528 500
Karren Mitch
Chief Product Officer
Ownership
0.8409%
Market Value
3.9M USD
Shares
1 662 712
Derose-Wilson Isaiah
Chief Technology Officer
Ownership
0.7404%
Market Value
3.5M USD
Shares
1 464 059
Barnes Demetrios
Chief Operating Officer
Ownership
0.7391%
Market Value
3.4M USD
Shares
1 461 408
Edmonds Christopher Jon
Chief Revenue Officer
Ownership
0.477%
Market Value
2.2M USD
Shares
943 252
Tuomi Frederick C
Director
Ownership
0.3559%
Market Value
1.7M USD
Shares
703 724
Retv Gp, Llc
10 percent owner
Ownership
0.32%
Market Value
1.5M USD
Shares
632 705
Roberts Brian M
Chief Legal Officer
Ownership
0.1096%
Market Value
512k USD
Shares
216 754
Strohm Bruce C
Director
Ownership
0.0597%
Market Value
279k USD
Shares
118 058
Young Robyn
Chief Marketing Officer
Ownership
0.051%
Market Value
238k USD
Shares
100 755
Okamoto Hiroshi
CFO
Ownership
0.051%
Market Value
238k USD
Shares
100 755
Beard Alana
Director
Ownership
0.0349%
Market Value
163k USD
Shares
69 058
Huang Angela C.
Former Director
Ownership
0.0182%
Market Value
85k USD
Shares
36 000
Coleman Victor J
Former Director
Ownership
0.0182%
Market Value
85k USD
Shares
36 000
Lu Wisdom
Former Director
Ownership
0.0182%
Market Value
85k USD
Shares
36 000
Sperling Ann
Director
Ownership
0.0167%
Market Value
78k USD
Shares
33 058
Best Robert T.
Director
Ownership
0.0167%
Market Value
78k USD
Shares
33 058
Dorman John C
Director
Ownership
0.0167%
Market Value
78k USD
Shares
33 058
Wolter Jonathan
Chief Financial Officer
Ownership
0.002%
Market Value
9.4k USD
Shares
4 000
Institutions
39.63%
Back

SMRT Insider Trading
Buy and sell transactions by insiders

SmartRent Inc insiders have sold more shares than they have bought in the past 12 months.

During the last 12 months SmartRent Inc insiders bought 1.5M USD , and sold 12.5M USD worth of shares. The last transaction was made on Nov 30, 2022 by Best Robert T. (Director), who bought 307k USD worth of SMRT shares.

Sold
0-3
months
0 USD
0
3-6
months
11.7M USD
2
6-9
months
765k USD
4
9-12
months
0 USD
0
Bought
0-3
months
No Insider Transactions
0
0 USD
3-6
months
1
307k USD
6-9
months
2
1.2M 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
11.7M USD
307k USD
-11.4M
9 Months
12.5M USD
1.5M USD
-10.9M
12 Months
12.5M USD
1.5M USD
-10.9M
Purchases
11
Sales
35
Why is insider trading important?

Shareholder Return

SMRT Price
SmartRent Inc

1M 1M
-14%
6M 6M
-61%
1Y 1Y
-78%
3Y 3Y
-79%
5Y 5Y
-79%
Annual Price Range
2.36
52w Low
2.24
52w High
11.44
Price Metrics
Average Annual Return
N/A
Standard Deviation of Annual Returns
N/A
Max Drawdown -84%

Company Profile

SmartRent Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

468M USD

Dividend Yield

0%

Description

SmartRent, Inc. is an enterprise smart home automation company developing software and hardware that empowers property owners, managers and homebuilders to effectively manage, protect and automate daily operational processes. The company is headquartered in Scottsdale, Arizona and currently employs 639 full-time employees. The company went IPO on 2021-02-05. I, is an enterprise software company. The company provides an integrated smart home operating system to residential property owners and operators, as well as homebuilders, institutional home buyers (iBuyers), developers and residents. Through a central connected device, SmartHub, it integrates its enterprise software with third-party smart devices and other technology interfaces, which allows owners, operators, and residents to manage their smart home systems through a single connected interface. Its products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident wireless fidelity (Wi-Fi). The company offers cloud-based software as a service (SaaS) solutions platform that automates communications, resident engagement, field services and maintenance workflow, due diligence, and audit management.

Contact

ARIZONA
Scottsdale
18835 N. Thompson Peak Parkway, Suite 300
+18444791555.0

IPO

2021-02-05

Employees

639

Officers

Co-Founder, Chairman & CEO
Mr. Lucas Merwan Haldeman
Co-Founder & CTO
Mr. Isaiah Derose-Wilson
Chief Financial Officer
Mr. Hiroshi Okamoto
Chief Operating Officer
Mr. Demetrios Barnes
VP of Accounting & Fin. and Treasurer
Michael Mcdonald
Sr. VP of Investor Relations
Ms. Evelyn Leon Infurna
Show More
Chief Legal Officer & Sec.
Mr. Brian M. Roberts
Director of Corp. Communications
Amanda Chavez
Chief Marketing Officer
Ms. Robyn Young
Exec. VP of Sales
Mr. Terry Danner
Show Less

See Also

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

The intrinsic value of one SMRT stock under the Base Case scenario is 4.86 USD.

Is SMRT stock undervalued or overvalued?

Compared to the current market price of 2.36 USD, SmartRent Inc is Undervalued by 51%.