SmartRent, Inc. (SMRT)

NYSE: SMRT · IEX Real-Time Price · USD
2.680
-0.040 (-1.47%)
At close: Mar 28, 2024, 4:00 PM
2.840
+0.160 (5.97%)
After-hours: Mar 28, 2024, 7:17 PM EDT

Total Valuation

SmartRent has a market cap or net worth of $546.37 million. The enterprise value is $330.66 million.

Market Cap 546.37M
Enterprise Value 330.66M

Important Dates

The last earnings date was Tuesday, March 5, 2024, before market open.

Earnings Date Mar 5, 2024
Ex-Dividend Date n/a

Share Statistics

SmartRent has 203.87 million shares outstanding. The number of shares has increased by 2.62% in one year.

Shares Outstanding 203.87M
Shares Change (YoY) +2.62%
Shares Change (QoQ) +0.81%
Owned by Insiders (%) 16.65%
Owned by Institutions (%) 59.08%
Float 169.84M

Valuation Ratios

PE Ratio n/a
Forward PE 52.63
PS Ratio 2.31
Forward PS 1.98
PB Ratio 1.60
P/FCF Ratio 247.45
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 1.40
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 149.76

Financial Position

The company has a current ratio of 2.90, with zero debt.

Current Ratio 2.90
Quick Ratio 2.37
Debt / Equity n/a
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage 5.04

Financial Efficiency

Return on equity (ROE) is -10.00% and return on invested capital (ROIC) is -12.60%.

Return on Equity (ROE) -10.00%
Return on Assets (ROA) -6.60%
Return on Capital (ROIC) -12.60%
Revenue Per Employee $450,262
Profits Per Employee -$65,755
Employee Count 526
Asset Turnover 0.46
Inventory Turnover 3.19

Taxes

Income Tax -108,000
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +18.06% in the last 52 weeks. The beta is 2.02, so SmartRent's price volatility has been higher than the market average.

Beta (1Y) 2.02
52-Week Price Change +18.06%
50-Day Moving Average 2.90
200-Day Moving Average 3.10
Relative Strength Index (RSI) 43.37
Average Volume (30 Days) 1,239,540

Short Selling Information

The latest short interest is 13.33 million, so 6.54% of the outstanding shares have been sold short.

Short Interest 13.33M
Short Previous Month 13.07M
Short % of Shares Out 6.54%
Short % of Float 7.85%
Short Ratio (days to cover) 10.47

Income Statement

In the last 12 months, SmartRent had revenue of $236.84 million and -$34.59 million in losses. Loss per share was -$0.17.

Revenue 236.84M
Gross Profit 49.53M
Operating Income -43.16M
Pretax Income -34.70M
Net Income -34.59M
EBITDA -36.64M
EBIT -43.28M
Loss Per Share -$0.17
Full Income Statement

Balance Sheet

The company has $215.71 million in cash and no debt, giving a net cash position of $215.71 million or $1.06 per share.

Cash & Cash Equivalents 215.71M
Total Debt n/a
Net Cash 215.71M
Net Cash Per Share $1.06
Equity / Book Value 342.45M
Book Value Per Share 1.68
Working Capital 223.03M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $5.98 million and capital expenditures -$3.77 million, giving a free cash flow of $2.21 million.

Operating Cash Flow 5.98M
Capital Expenditures -3.77M
Free Cash Flow 2.21M
FCF Per Share $0.01
Full Cash Flow Statement

Margins

Gross margin is 20.91%, with operating and profit margins of -18.22% and -14.60%.

Gross Margin 20.91%
Operating Margin -18.22%
Pretax Margin -14.65%
Profit Margin -14.60%
EBITDA Margin -15.47%
EBIT Margin -18.27%
FCF Margin 0.93%

Dividends & Yields

SmartRent does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -2.62%
Shareholder Yield -2.62%
Earnings Yield -6.33%
FCF Yield 0.40%

Analyst Forecast

The average price target for SmartRent is $4.23, which is 57.84% higher than the current price. The consensus rating is "Buy".

Price Target $4.23
Price Target Difference 57.84%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) 24.10%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

SmartRent has an Altman Z-Score of 1.88 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.88
Piotroski F-Score 5