Sonos

0.35 (2.36%)

NASDAQ:SONO | Last traded on 11-15-2019 4:00 PM

Market Reaction

Offer Price

$15.00

Today Open Price

$14.91

Change Since IPO

Market Cap

$1.5B

Day High

$15.05

Day Low

$14.48

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Featured Analysis

Jeepers- just when I thought I was going to get into the 4 Hippo range. I actually like this company and their financials. But, they are greatly overvalued- way greatly as in being a pitcher and throwing a baseball and hitting the mascot from the mound. Think of it this way: If you owned a landscaping company and its sales were $100,000 a year, using the Sonos's metrics, you would be asking for a $10M valuation for your company. The pattern of IPOs this year is becoming similar. If the market holds, I look silly in a year. If not, I will look smart. (I have been stupid for two years so take me with a grain of salt).

Company Data

Location

Santa Barbara, CA

Valuation

$1.4B

-

Founded

2002

Total Shares Offered

98,384,619

-

Employees

1,478

IPO Date

2018-06-06

Background Information

Sonos, Inc. is an electronics company that designs, produces, and sells whole-building or multi-room audio systems worldwide. The company sells products to a range of consumers, from individuals to businesses, showcasing its products' multi-dimensional purposes. Sonos has partnered with Amazon to implement the Alexa product into its systems.

Financial Analysis

Years 2015 2016 2017
Revenue growth -- 7% 10%
Net profit margin -8%-4%-1.4%
Valuation -- -- $1.48B
Revenue multiple -- -- 1.5x
Profit multiple -----106x

Financial Information

Income Statement ($M) 20152016 2017
Revenue844901993
Cost of goods sold461498536
Gross profit382403456
Total operating expense438434472
EBIT(56)(31)(16)
Pretax profit(66)(36)(17)
Net income(69)(38)(14)
Balance Sheet ($M) 20152016 2017
Total current assets183301
Cash and cash equivalents75131
Total assets279400
Total current liabilities152223
Total liabilities217310
Total shareholder equity290.027
Total liabilities and equity279400
Cash Flow Statement ($M) 201520162017
Net cash from operating activities39 4364
Net cash from investing activities(66) (53)(34)
Net cash from financing activities35 824
Net increase in cash and cash equivalents6 (1.4)56