Professional
Added to YB: 2023-12-12
Pitch date: 2023-12-12
SMRT [bullish]
SmartRent, Inc.
-35.31%
current return
Author Info
Hayden Capital is an investment firm that follows a research-intensive, concentrated strategy. We travel the world, seeking to invest in growing businesses run by world-class founders. Sign up for the newsletter.
Company Info
SmartRent, Inc., an enterprise real estate technology company, provides management software and applications to rental property owners and operators, property managers, homebuilders, developers, and residents in the United States and internationally.
Market Cap
$274.3M
Pitch Price
$3.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.26
P/E
-4.02
EV/Sales
1.19
Sector
Electronic Equipment, Instruments and Components
Category
growth
Hayden Capital holding - $SMRT
$SMRT: Mgmt focused on FCF w/ EBITDA+ Q4, $50M+ FCF '25 (13% yld). Critics miss slowing growth=strategy (focus on existing cust upsell vs new, ARPU doubled to $5.41). New units priced at $9.04 ARPU. Partnering w/ ADI to free up $20M+ capital & expand. $210M cash (36% mkt cap), buyback likely.
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