Casper

0.73 (7.54%)

NYSE:CSPR | Last traded on 02-27-2020 11:05 AM

Market Reaction

Offer Price

$17.00-$19.00

Today Open Price

$9.40

Change Since IPO

Market Cap

$355M

Day High

$9.59

Day Low

$8.85

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Featured Analysis

Casper- Yuck. Losing money- not super growth in a commodity business. Bad.

Company Data

Location

New York City, NY

Valuation

$663M

-

Founded

2014

Total Shares Offered

39,000,000

-

Employees

830

IPO Date

TBD

Background Information

Casper Sleep is a mattress company that is taking advantage of the Internet to propel sales of their products while staying true to the in-person model of mattress buying. Using data, technology, and qualitative insights, Casper has worked extensively on creating the best products for their customers. They have served about 1.4 million people with their products.

Financial Analysis

Years 2017 2018
Revenue growth 43%
Net profit margin -26%-29%
Valuation $768M
Revenue multiple 2.2x
Profit multiple -8.3x

Financial Information

Income Statement ($M) 2017 2018
Revenue250357
Cost of goods sold134200
Gross profit116157
Total operating expense188249
EBIT(71)(91)
Pretax profit(73)(92)
Net income(92)(73)
Balance Sheet ($M) 2017 2018
Total current assets91144
Cash and cash equivalents9726
Total assets116162
Total current liabilities59101
Total liabilities60102
Total shareholder equity223136
Total liabilities and equity116161
Cash Flow Statement ($M) 20172018
Net cash from operating activities (84)(72)
Net cash from investing activities (12)(10)
Net cash from financing activities 16914
Net increase in cash and cash equivalents 0(71)