PTON

Peloton Interactive Inc - Ordinary Shares - Class A

Consumer


Presented:07/30/2021
Price:$118.05
Cap:$35.21B
Current Price:$5.21
Cap:$1.96B

Presented

Date07/30/2021
Price$118.05
Market Cap$35.21B
Ent Value$32.01B
P/E Ratio188.7x
Book Value$6.69
Div Yield0%
Shares O/S298.29M
Ave Daily Vol12,617,374
Short Int8.48%

Current

Price$5.21
Market Cap$1.96B
Peloton Interactive, Inc. operates at-home fitness platform for live and on-demand indoor cycling classes. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members. It operates through three reportable segments: Connected Fitness Products, Subscription and Other. The Connected Fitness Product segment consists of sales of bike, tread & related accessories. The Subscription segment involves in the monthly subscription and credits from live studio classes. The Other segment consists of boutique and apparel sales. The Peloton Interactive was founded on by John Foley, Graham Stanton, Thomas Cortese, Yony Feng and Hisao Kushi in 2012 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Affirm Holdings Inc (AFRM), Peloton Interactive Inc (PTON)

Highlights

The presenter is short shares of Peloton Interactive Inc (PTON), believing it is incorrectly viewed as a secular growth stock and is unlikely to reach Street expectations. The data he has looked at show bike orders down significantly YoY, which is meaningful because 80% of revenues are generated by product sales. He therefore finds it unlikely that PTON will hit the Street’s 2022 and 2023 revenue estimates of $5.3B and $6.7B, respectively, and expects management to guide down significantly this quarter. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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