SNAP

Snap Inc

TMT


Presented:07/26/2018
Price:$13.37
Cap:$16.99B
Current Price:$11.04
Cap:$18.32B

Presented

Date07/26/2018
Price$13.37
Market Cap$16.99B
Ent Value$18.37B
P/E RatioN/A
Book Value$2.23
Div Yield0%
Shares O/S1,270.76M
Ave Daily Vol26,756,531
Short IntN/A

Current

Price$11.04
Market Cap$18.32B
Snap, Inc. engages in the operation of its camera platform. It is also involved in the provision of advertising services by helping its partners in generating return on investments. Its products include Snapchat, publisher tools, and spectacles. The company was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in July 2011 and is headquartered in Venice, CA.

​Publicly traded companies mentioned herein: Apple Inc (AAPL), Facebook Inc (FB), Snap Inc (SNAP), Tencent Holdings Ltd (700 HK), Twitter Inc (TWTR)

Highlights

Until recently, the presenter said Snap (SNAP) was able to get away with only having a well-functioning iOS app. However, the company is now within five quarters of running out of cash. Management deserves credit for being ahead of the curve on many trends, but failing to address ~85% of the world smartphone market (non-Apple users) was a mistake. As such, it is rebuilding the Snapchat Android app from the ground-up, and has the potential to grow its ~190MM daily active user (DAU) base to 400MM+ over the long-run. He is long at this time, and given Snapchat’s market share within iOS and excellent user engagement metrics, if it gets the Android app right, the stock could eventually trade up to $40 - $50.

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Idea Discussion

Commentor 1 - 2 weeks ago

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