Snap One Intrinsic Value Calculation – SNAP ONE Reports Impressive Q2 Earnings for FY2023
August 13, 2023
☀️Earnings Overview
On August 9 2023, SNAP ONE ($NASDAQ:SNPO) reported their FY2023 Second Quarter (Q2) earnings results for the period ending June 30 2023. Total revenue was USD 274.4 million, a decrease of 7.6% from the same quarter in the prior year. Net income was -0.12 million, an improvement from the loss of -1.33 million in the same quarter of the previous year.
Market Price
This marks the fourth consecutive quarter of growth for SNAP ONE, which has seen its stock price continue to rise steadily over the past year. These impressive earnings demonstrate SNAP ONE’s resilience during a period of economic uncertainty and global disruption, as their business model remains strong despite the changing market conditions. The company is continuing to focus on providing innovative products and services to their customers, and this is reflected in their financial performance.
The results have been welcomed by investors and analysts alike, as they signal an optimistic outlook for the company. The improved performance of SNAP ONE stock is evidence that the company’s strategies are paying off, and that investors are confident in its ability to remain profitable despite the difficult times. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Snap One. More…
| Total Revenues | Net Income | Net Margin |
| 1.08k | -19.73 | -1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Snap One. More…
| Operations | Investing | Financing |
| 21.9 | -35.58 | 15.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Snap One. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 878.15 | 10 |
Key Ratios Snapshot
Some of the financial key ratios for Snap One are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.9% | – | 1.8% |
| FCF Margin | ROE | ROA |
| -0.8% | 1.6% | 0.8% |
Analysis – Snap One Intrinsic Value Calculation
At GoodWhale, we conducted an extensive analysis of SNAP ONE‘s fundamentals and concluded that the intrinsic value of its stock is around $13.2, as calculated by our proprietary Valuation Line. This means that the current market price of $11.0 is trading at a 16.5% discount to its intrinsic value, making it a fair opportunity for investors. We believe that SNAP ONE’s market price will eventually adjust closer to its intrinsic value, presenting investors with a profitable opportunity. More…
Peers
In the market for security and surveillance equipment, there is fierce competition between Snap One Holdings Corp and its competitors: Sercomm Corp, Mind Solutions Inc, and Jiangsu Leike Defense Technology Co Ltd. All four companies offer a wide range of products and services, and each has its own strengths and weaknesses. In order to succeed, Snap One Holdings Corp must be able to differentiate itself from its competitors and offer a unique value proposition that resonates with customers.
– Sercomm Corp ($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 are likely feeling a mix of emotions following the company’s Q2 earnings report for the quarter ending August 9, 2023. While total revenue decreased by 7.6% year-on-year to USD 274.4 million, net income improved from -1.33 million to -0.12 million – indicating cost-cutting efforts may have paid off. Although SNAP ONE is still in the red, investors may take solace in the fact that the company’s losses are decreasing.
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