Snap One Intrinsic Stock Value – SNAP ONE Reports Q3 FY2023 Earnings of USD 270.1 Million, Down 3.9% Year-Over-Year

🌥️Earnings Overview

On September 30, 2023, SNAP ONE ($NASDAQ:SNPO) announced their third quarter of FY2023 financial results, showing total revenue of USD 270.1 million, a 3.9% year-over-year decrease. Net income for the quarter was reported as USD -0.9 million, representing an improvement from the previous year’s quarter of -1.01 million.

Analysis – Snap One Intrinsic Stock Value

GoodWhale conducted an analysis of the wellbeing of SNAP ONE, a company listed on the stock market. Using our proprietary Valuation Line, we determined that the fair value of SNAP ONE’s stock is around $12.5. However, the current market price of SNAP ONE is only $7.3, which means that the stock is undervalued by 41.5%. This indicates that there may be a great opportunity to invest in SNAP ONE at the current market price and potentially reap great returns in the future. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Snap One. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Snap One. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Snap One. More…

Key Ratios Snapshot

Some of the financial key ratios for Snap One are shown below. More…

Peers

In the market for security and surveillance equipment, there is fierce competition between Snap One Holdings Corp and its competitors: Sercomm Corp, Mind Solutions Inc, and Jiangsu Leike Defense Technology Co Ltd. All four companies offer a wide range of products and services, and each has its own strengths and weaknesses. In order to succeed, Snap One Holdings Corp must be able to differentiate itself from its competitors and offer a unique value proposition that resonates with customers.

– Sercomm Corp ($TWSE:5388)

Sercomm Corp is a global leader in the design and manufacture of wireless communications and video surveillance solutions. The company has a market cap of 18.9B as of 2022 and a Return on Equity of 12.06%. Sercomm’s products are used in a wide range of applications including home networking, small office/home office, broadband access, IP surveillance, and machine-to-machine communications.

– Mind Solutions Inc ($OTCPK:VOIS)

Mind Solutions Inc is a company that focuses on creating solutions for the mind, including products and services for mental health and well-being. The company has a market capitalization of 8.88k as of 2022 and a return on equity of 186.44%. Mind Solutions Inc is a company that helps people to improve their mental health and wellbeing. The company offers products and services that can help people to relax, manage stress, and improve their mood. The company has a wide range of products and services that can be used by people of all ages.

– Jiangsu Leike Defense Technology Co Ltd ($SZSE:002413)

Jiangsu Leike Defense Technology Co Ltd is a Chinese company that manufactures military equipment. The company has a market cap of 6.64 billion as of 2022 and a return on equity of -3.18%. The company’s products include aircraft engines, missiles, and radar systems.

Summary

Investors in SNAP ONE experienced a significant decrease in stock price on September 30th, 2023 after the company reported its earnings results for Q3 of FY2023. Total revenue for the quarter was USD 270.1 million, a 3.9% decrease year-over-year, while net income was -0.9 million, compared to -1.01 million reported in the same quarter of the previous year. This signifies a potential lack of investor confidence in the company’s performance and could indicate that further losses are on the horizon. As such, investors should conduct thorough research into the company’s financials before investing in SNAP ONE.