SmartRent Inc
NYSE:SMRT
Intrinsic Value
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 dai... [ Read More ]
The intrinsic value of one
SMRT
stock under the Base Case scenario is
2.4
USD.
Compared to the current market price of 3.34 USD,
SmartRent Inc
is
Overvalued by 28%.
Valuation History
SmartRent Inc
Intrinsic Value History...
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Fundamental Analysis
2023-Q3 Earnings Call
NEW
Artifical Intelligence Analysis
In the first nine months of 2023, the company marked a 40% increase in revenue and significantly reduced operating losses by over $40 million. Adjusted EBITDA for Q3 was negative $5 million, reflecting a year-over-year improvement of 22%. The company also reduced its Q4 revenue guidance to $58 million to $63 million while maintaining that adjusted EBITDA is expected to be between break-even to positive $2 million. They also expect to be free cash flow positive from operations in the first half of the upcoming year and have revised the full-year revenue guidance to $235 million to $240 million, with adjusted EBITDA projected to improve to the higher end of negative $20 million to negative $18 million.
Balance Sheet Decomposition
SmartRent Inc
| Current Assets | 344m |
| Cash & Short-Term Investments | 211m |
| Receivables | 63.5m |
| Other Current Assets | 69.6m |
| Non-Current Assets | 172m |
| PP&E | 4.5m |
| Intangibles | 151m |
| Other Non-Current Assets | 15.9m |
| Current Liabilities | 124m |
| Accounts Payable | 9m |
| Accrued Liabilities | 16.6m |
| Other Current Liabilities | 98m |
| Non-Current Liabilities | 48.7m |
| Other Non-Current Liabilities | 48.7m |
SMRT Profitability Score
Profitability Due Diligence
SmartRent Inc's profitability score is 20/100. The higher the profitability score, the more profitable the company is.
Score
SmartRent Inc's profitability score is 20/100. The higher the profitability score, the more profitable the company is.
SMRT Solvency Score
Solvency Due Diligence
SmartRent Inc's solvency score is 47/100. The higher the solvency score, the more solvent the company is.
Score
SmartRent Inc's solvency score is 47/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SMRT Price Targets Summary
SmartRent Inc
According to Wall Street analysts, the average 1-year price target for
SMRT
is 4.69 USD
with a low forecast of 3.23 USD and a high forecast of 5.25 USD.
Ownership
SMRT Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
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| 6 Months |
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| 9 Months |
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| 12 Months |
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Shareholder Return
SMRT Price
SmartRent Inc
| Average Annual Return | -13.69% |
| Standard Deviation of Annual Returns |
N/A
|
| Max Drawdown | -85% |
| Market Capitalization | 678m USD |
| Shares Outstanding | 203 155 008 |
| Percentage of Shares Shorted | 6.52% |
Company Profile
SmartRent Inc
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
The intrinsic value of one
SMRT
stock under the Base Case scenario is
2.4
USD.
Compared to the current market price of 3.34 USD,
SmartRent Inc
is
Overvalued by 28%.
Sensibly Priced Quality
Significantly Undervalued
Magic Formula
High Growth
