SONO

Sonos Inc

TMT, Consumer


Presented:05/07/2021
Price:$37.58
Cap:$4.50B
Current Price:$12.02
Cap:$1.45B

Presented

Date05/07/2021
Price$37.58
Market Cap$4.50B
Ent Value$2.46B
P/E Ratio228.31x
Book Value$4.28
Div Yield0%
Shares O/S119.74M
Ave Daily Vol2,966,340
Short Int6.22%

Current

Price$12.02
Market Cap$1.45B
Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), Apple Inc (AAPL), Garmin Ltd (GRMN), Logitech International SA (LOGI), Sonos Inc (SONO), Spotify Technology SA (SPOT)

Highlights

The presenter is long shares of Sonos Inc (SONO), which develops, manufactures, and sells multi-room audio products. SONO has an ~80% share in the premium market and has a competitive moat based on its patents/lawsuits that have kept competitors out of the wireless home audio market. The stock trades at ~$38 per share, and the presenter’s base case projects upside to the low-$50 share price range in the next year or two. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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