SN

SharkNinja Inc.

Consumer


Presented:10/13/2023
Price:$41.47
Cap:$5.76B
Current Price:$107.93
Cap:$15.10B

Presented

Date10/13/2023
Price$41.47
Market Cap$5.76B
Ent Value$0.01B
P/E RatioN/A
Book Value$13.43
Div Yield0%
Shares O/S138.98M
Ave Daily Vol1,535,991
Short IntN/A

Current

Price$107.93
Market Cap$15.10B
SharkNinja, Inc. is a global product design and technology company, which offers solutions for consumers around the world. It operates the business through the below categories of products: Cleaning Appliances, Cooking & Beverage, Food Preparation Appliances, and Other. Cleaning Appliances includes corded & cordless vacuums, including handheld & robotic vacuums, as well as other floorcare products, including steam mops and wet/dry cleaning floor products. Cooking & Beverage Appliances includes air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters, and bakeware. Food Preparation Appliances includes blenders, food processors, stand mixers, ice cream makers, and juicers. The Other category includes beauty appliances, such as hair dryers and stylers, home environment products, such as air purifiers, humidifiers and garment care products. SharkNinja was founded by Mark Rosenzweig in 1997 and is headquartered in Needham, MA.

Publicly traded companies mentioned herein: iRobot Corp (IRBT), JS Global Lifestyle Co Ltd (HK: 1691), SharkNinja (SN)

Highlights

The presenter is long shares of SharkNinja (SN), based on an attractive setup, and distribution of shares held by a Hong Kong entity that is expected to go to US holders, helping to lift the valuation. The presenter views the stock as cheap currently and believes there's untapped value due to SharkNinja’s competitive advantage of offering cost-effective products, while eliminating unnecessary features consumers don’t want. Furthermore, the presence of an impressive CEO and experienced Investor Relations representative, give the presenter increased confidence in the company’s execution. The presenter sees a favorable risk-reward profile, and believes the stock should trade for a mid-to-high teens EPS multiple creating upside to $50+ in the near-term and $60-$70 per share longer-term. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.